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Well back to where I was in 2018ish when a put a few in.
Part of the problem here is that high brow European scientists aren't coming to the UK to help out with the research and development. Projects are being hampered without material scientists who have their finger on the pulse of this technology.
Post Brexit there is definitely a skills shortage in the UK.
i won't put a number on where the price COULD get to but it's south...
gla.
Anyone want to tell me i don't know what I'm talk about now. Red flags were everywhere.
The potential commerciality is not the issue - it’s the abject failure to deliver the technical progress required to get to the market.
Solid state batteries will be huge. Will Ilika be able to play its part ?? Time will tell but this latest trading update is an admission that they are woefully behind.
Steve Boydell had a sound strategy
"Runaway...!"
This isn't so much a company as a money pit. People bought any story associated with 'batteries' during the tech heydays irrespective of the commerciality of what was being proposed. Revenue here is tiny, the costs are not. Only realistic exit strategy here is some business or technology sale. Hard to know whether they have anything of much value.
Welcome Jason Stewart.
Hope you've had your cornflakes this morning.
That is a car crash update.
Definitely a cell
nm
I did own some IKA and sold way too soon (@ 42p) when they were going up. Still on my watchlist and curious about them now, I had to look quite far back to find the Director's sale you referred to. Looks like Mumbo Jumbo's advice in September was sound when you look at the disposal:
'21 March 2022
Ilika plc
("Ilika" or the "Company")
Director/PDMR Shareholding
Ilika (AIM: IKA), a pioneer in solid-state battery technology, announces that between 18 March and 21 March 2022, Steve Boydell, CFO, sold an aggregate of 371,222 shares at an average price of 109p per share. This completes the planned sale of shares resulting from the option exercise announced on 8 March 2022.'
Jas - as a rule, never invest in a company where the directors sell out. It will serve you well in keeping your cash in tact.
Who are all the directors? I can only see the one and he left the company
Any idea why all those directors sold out.
Anybody able to tell me why all those directors sold their share. Was looking to invest here then I seen that. Seems a bit strange.
RNS Number : 4904Y
Ilika plc
07 September 2022
Ilika plc
("Ilika" or the "Company")
Goliath Scale-up Update
Grant funding secured for the commencement of manufacturing equipment trials
Ilika (AIM: IKA), a pioneer in solid-state battery (SSB) technology, announces it has started a nine-month series of manufacturing equipment trials to further de-risk its industrialisation plan for its Goliath large format cells for electric vehicles. The Automotive Transformation Fund, the Advanced Propulsion Centre (APC)'s funding programme dedicated to supporting the large-scale industrialisation of an electrified automotive supply chain in the UK, is supporting the trials with UK-based equipment vendors using representative volume manufacturing equipment, designed to validate Ilika's scale up plan.
Ilika will receive a £175,000 grant towards its related costs over the nine-month Project (codenamed STEP), which started on 1 August 2022.
The project follows two recent successful APC-funded industrialisation projects, SOLSTICE and BUS100. The SOLSTICE project between Ilika and Comau, part of Stellantis and a world leader in the industrial automation field, concluded that there were no cost or technical barriers to scaling-up Ilika's Goliath solid-state battery technology for electric vehicles and delivered a plant design for a mega-scale manufacturing facility. The ongoing BUS100 project is a collaboration between Ilika and the UK Battery Industrialisation Centre (UKBIC) to determine the economic feasibility of placing a 100MWh SSB line at UKBIC to enable Ilika's Goliath electric vehicle batteries to be manufactured at scale. Building on the experience obtained at mega-scale, Ilika plans to continue to scale up production to Giga-scale in collaboration with cell manufacturing partners through joint ventures or licensing.
Ian Constance, Advanced Propulsion Centre CEO said: "I am pleased that this project has been successfully funded, sharing part of £15 million from our Scale-Up Readiness Validation competition. With this support, the APC aims to increase confidence in large-scale manufacturing investments to build electrified supply chains in the UK. It is vital, in the transition to net zero, that the automotive sector seizes the opportunity to grow the industry, create or safeguard jobs and build on the expertise anchored here in the UK."
Graeme Purdy, Ilika CEO, stated: "STEP is a crucial part of Ilika's industrialisation journey and provides a great opportunity for Ilika to work with UK-based equipment vendors in these trials - to both further Ilika's ambitions to scale its technology and to develop the all-important SSB supply chain."
Any thoughts on the RNS? https://www.**********.co.uk/rns/announcement/03980991-af8c-424f-817a-2da3e565a98e/
Ilika are the leading industrial developers of solid state batteries in the UK.
Our R&D road map over the next 3-4 years will yield 3 generations of demonstration cells with specifications guided by market needs in transportation (e-bikes, performance automotive, motorbikes and e-VTOL, electric Vertical Take Off and Landing) and consumer electronics (health and beauty, cordless domestic appliances, tools) through the following technical steps
Are Ilika involved in this market.
That was a rollercoaster, can’t complain I guess
$116 would be amazing haha
Gone up to 116 dollars now
Interesting to see at time of writing sits at 1.11 dollars (90p)
80 pence did not take long then......90p and then 100p this week?
Something definitely cooking in the background