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From what I have read about INSP, they do not have a finished product let alone a product that is tried and tested ready to install in a commercial gasification plant; the output of the units they have thus far produced seem to be small and inconsequential at this stage at least. Further the technology they have developed, based on a Sterling engine seems to have been usurped by newer more efficient technology. Unless I am proved otherwise I am staying well clear.
Newboy- I foresee that once production has started in February or March the SP will be well beyond 30p indeed I would not be surprised to see 30p in January 2021; what is your reasoning for this prolonged stagnation of half a year?
Rinkidink- Fully funded was including access to finance; out of their control with regards to Taurus who have clearly demanded this. I’m down on my investment here but I see this increasing substantially over the next 2 months as it looks like they will be ahead of schedule and delivery of potash will be earlier than originally anticipated.
Newboy - extension is till the 11th, so we’ll see tomorrow night how the market reacts.
It’s what I’ve seen with multiple companies pre and post COVID; dilution is common, indeed that’s what AIM seems to be for; companies list to attract funding to research and develop; as I said if this means we get to market sooner then it’s the right decision. I see multiples of the current SP if they deliver the revenues and profits they have forecast. I’ve followed FMG since 2004 and I’m certain this CEO will deliver on this and future projects; bear in mind this is the first project; I would have less sympathy for financial/funding errors on subsequent projects/lakes.
We’ll soon have more clarity on the deal when the ASX opens in a few hours time. Whilst some may complain that they already said they had sufficient funds, it seems to me that they are progressing faster than they originally envisaged; if this gets them over the line faster, so an early February completion rather than late Feb, early March then revenues will arrive sooner too. Additionally there may be cost overruns or issues caused by COVID. If they’ve already secured the finance that is a good sign and new investors will see this as a good entry point given how close they are to production.
Aandi - If you can I would focus on working for/with green clean tech companies. That said, O&Gs are expanding their clean fuel divisions. Are you noticing a focus on hydrogen at all in the O&G industry? That’s what I’m seeing. I’m based in the South East of England.
Aandi- Glad to see you leaving the dark side ;) I like the path you are on. I’ve been interested in the environment for over 11 years since I did an MSc in Environmental Management but sadly unable to get work in that field. I’m also a vegan, mostly local/seasonal wfpb initially to reduce my environmental impact (I already just cycled to get to places) but couldn’t go back now for ethical reasons. I will soon have financial independence which will allow me to focus on work that I really want to do. I’ve continued to learn more online; renewables, energy storage, built environment/passivhaus and general skills (bookkeeping, project management etc). We are so lucky to have access to online repositories and the ability to easily communicate and learn or impart information to others across the globe. Good luck with your approach to Wood Group and any future opportunities.