Member Info for Dartron

Yep, I would agree with that. Canada now at 53p. Strong buy.

Do you know who might be tendering for the new areas? Could SAV tender for more? who else?

Thankyou. Bought in yesterday, Will be adding more. Downloaded research note for my records.

Here is the information taken from the RNS, regarding the buyers of the placing. Although CHEATED is incorrect about their expertise, I though it worth posting to show the calibre of the recent buyers. Note the first outfit, also bought in the last placing, which was at a higher price. Finally includes Sprott who is a major backer of this project from its outset.

The syndicate of underwriters included
http://www.clarussecurities.com/success-stories/mining - These guys also bought in the May 2021 placing, so they must be happy.

https://www.desjardins.com/ca/about-us/desjardins/governance-democracy/structure/desjardins-securities/index.jsp
"primary business is buying and selling Canadian equity securities on behalf of U.S. institutional clients and broker/dealers"

https://stifelinstitutional.com/global-coverage/canada/
The Equity Research Group of Stifel GMP and Stifel FirstEnergy is comprised of award-winning analysts, many with significant hands-on experience in their respective industries.

https://www.haywood.com/
Haywood's Research Analysts provide comprehensive coverage of the Mining, Energy...

https://www.pifinancialcorp.com/
Our Capital Markets professionals including our Research Department, Investment Bankers, and Institutional Sales & Trading teams consistently deliver best-in-class service and expertise across a variety of sectors

https://sprott.com/what-we-do/resource-financing/capital-partners/
Sprott Capital Partners was formed in 2017 to provide a comprehensive suite of capital raising and advisory solutions to natural resources companies.

Interesting that many of the afternoon trades have not printed. They are published on the LSE, however.
Looks like MM's playing with the price IMO. Cant see any reason for the price to drop. No major volume involved any way. Probably some collusion with Canada.

I think looking for 40p was bonkers, bonkers.

There was some talk on the Canadian board that the bank might back out of the placing. This is the type of fear mongering you should be aspiring to CHEATED. Maybe note it down for next time. Now that the placing is away, I have no worries here. The buyers will know what they are buying, and may have had a little nod about up coming news, as the placing was fully over subscribed at 61p equivalent.

Resource update promised for Q4. Hmmmm.

Bought in today. Lets hope it ends better than last time I bought in 24p to 5p. LOL.
I feel this is over sold now, and I dont read much in to a seller, who as I stated above could have bought at 10p and be realising a healthy profit. 200 SMA @ 37p, so probably just restoring some balance.

Got some more at 48.47p.

is pleased to announce that it has closed its previously announced bought deal offering of 21,905,200 units of the Company ("Units") at a price of C$1.05 per Unit for gross proceeds to the Company of C$23,000,460, which includes the full exercise of the underwriters' over-allotment option for an additional 2,857,200 Units

21.9M units at $1.05 = 61p.

Re-rate........................................................................................

IES tell you that there will be a placing within the next 6 months. This is disappointing. I had hoped (see my earlier post) that they could have just ticked over until a significant order is received, but they are caught in the stage of needing to be big enough to take an order, but rapidly burning cash until such an order. The figures tell us nothing about the future potential, only the current situation. (Normally you would use several years of these results to extrapolate the potential, by looking for revenue growth etc, but that cant be done here as company too new).

I think there is future potential here at IES, and I do think that one day there will be a game changing order / RNS, however it seems that even the company are doubtful of any material change in the next 6 months.

"The Group continually reviews its funding position and the funding options that are available to it. Based on this ongoing review and subject to the near-term rate of customer deliveries and new closed contracts, the Group expects to require additional finance within the next six months, assuming the continued rate of growth. The expectation is that additional finance will be available from both equity and non-equity sources or a combination of the two.

Having taken all of the above factors into account, the directors continue to believe it is appropriate to prepare these financial statements on a going concern basis, noting the material uncertainty arising from the need to secure additional funding within the coming months."

I want to be invested in IES, but for my own cash flow reasons, I sold out today and doubled up in EQT who also put out their interims today. EQT are in a similar space, certainly part of the green revolution. EQT predicting 15M revenue by year end, 7x earnings growth YoY, and therefore does demonstrate future potential. I am fairly sure I can buy back in here at a similar price once placing is announced.

IF EQT have already booked ~4.75M revenue, then they only need in the region of another 11M.
Looking at the Karlovac plant RNS:

The contract sales value to EQTEC for the Plant is expected to be c.€4.5 million in technology and engineering. The contract is expected to be paid in instalments, starting at financial close

Looking at the Italia MDC Project RNS

As part of the Investment Agreement, the equipment sale and engineering upgrade contract between the Company and the SPV has also been executed, specifying EQTEC's role in the supply of technology and design and construction support services for the Plant at a total value of €1,750,000;

That's just 2, but with 7 or 8 projects on the go, I think its more than feasible for substantial revenue, and there is probably something big in the pipeline, enabling DP to give such a confident statement. Watching his recent Billingham interview, he seems determined to manage expectations.

I liquidated another position and doubled up here. Was going to anyway, after recent announcements, just managed to get 1.27 this morning.

Lol, Trek. If he is a paid de-ramper, then that in itself is encouraging, although the outfit he works for cant be very serious about influencing the share price. I put him right on a few claims, but yeah his game is too poor to warrant a response now.

Slight glimmer of volume in Canada in to the close, so fingers crossed.

Glad I sold out 3 or 4 months ago.
Yes the books are dreadful, and the period for making hay is drawing to an end. I note BatM had very similar H1 revenues for their diagnostics sales $55M / £40M but market cap is 400M. Obviously reputation and trust is worth twice as much, plus they are already diversified with cyber security and network products.

NCYT was an anomaly, it took a lot of suckers in, and some are still here hoping. Its over, time to move on.
Surly the SP will lower now, as it seems over priced for virtually no earnings per share in a declining market?

Shall be buying some here soon. Wonder if they might exit the FTSE? or PLC altogether?
I think the issue is that most are expecting a drop in the gold price, like down to 1600's or 15's. Seems that this is already priced in here. If poly stay the course this will be a great opportunity to build a stake.

Still cheap in the low 80's IMO. Might get some more just waiting for funds.

Doubled up again today. The shares I bought today are very close to the price of the options that Darren and friends have (average price $0.85). Bought my average down to the current placing price. So now in the same boat as 20M other recent subscriptions. It wont stay at this level long, BOD and investors will want more options soon, and will want to see those warrants exercised at $1.36 / 18 months. They probably have something in their back pocket once the dust settles here.

Be interesting to see if the placing 'extra 15%' is taken up at 60p equivalent. I think it will be. The liquidity and volumes traded are so small here, that the price is not representative of buying a larger chunk. We will find out tomorrow.

The interims talks of a strong order book. I dont think we will see any slowing down of sales this year, but who knows what could happen next year. The great thing about BatM is that they seem to be dynamic enough to react to the current issues of the day, be that ventilators, Covid tests, or Cyber. At least they are well funded from Covid, and should be able to grown the other half of the business if Covid goes away. A Win - Win situation. Who knows what the next crisis will be, and what part they will play.

"Specifically, the Group continues to receive significant sustained demand for its new COVID-19 diagnostic tests and those launched last year. With testing expected to remain a key component of pandemic management measures globally and providing a tool to assist in the re-opening of economies, the Group anticipates the Diagnostics unit will achieve substantial year-on-year growth."

Very happy with JSE, and if it stays at this level much longer I will be able to buy even more. No brainer. Could this get taken private at some point?

This is on my watchlist. I read the article, I think the point about inflationary pressures is going to be the issue over the next year. I have cancelled a few DIY projects, due to the cost of materials. We now have NI tax increases, rising energy costs etc. I think the DIY market will cool off, and as mentioned the boom from the lockdowns is going to fade pretty quick, as reality bites and people wish to spend their money on the fun things as they start back up. Having bought a near derelict house 10 years ago, I have done some pretty substantial DIY projects here, and regarding shops: Never even consider Homebase, The little DIY stuff they have is grossly over priced. B&Q are the new Homebase, filling their store with fluffy cushions and catering for the clueless. So there really is only Wickes if you want bulky stuff. The issue is that everything else is cheaper and easier to buy at Screwfix or Toolstation. If I then want really big stuff, like 2 x 8 timbers, I go to the builders merchants. (Never Travis as their prices are based on start high then negotiation).

I certainly cant see much growth potential. Having re-considered Wickes over a couple of coffees this morning, its probably not a good time to invest here. Another well run company with great results that the market will ignore - my watch list is full of them. FWIW, id invest any spare in oil and energy currently.

That is a great video, which explains what happened up to April 2021. Note the video is dated May 2021. I have subscribed.
If what he says is correct, you can see the context of the recent placing. I have said before, that I think they went all in on getting that second ramp going (cost wise). I think we will see a dramatic turn around here in terms of company performance.

Also if the decline in the price of gold is now affecting sentiment, then actually credit to PUR for getting the placing done at a now significantly higher price than you or I can buy today. Lets see if the extra bit of placing is taken up in the next few days. I see positives either way on that.

I dont want to type too many positives, because I am still hoping to buy some more at this price.

No idea what Schroeders are planning to do, but increasing their stake is very positive either way. The delayed trades are entirely normal, and just how the market works, don't read anything in to that.

I totted up the large stake holders recently and it is about 50%. Even though Schroeds took an extra 1% We have had some selling too. BC sold about 3% and JC sold 0.5%.

Schroders plc 20,087,924 23.13%
GSR Ventures 8,495,506 9.78%
Johnson Chiang 6,019,612 6.93%
Brantingham & Carroll International 4,969,026 5.72%
Hong Kong Hao Yuan Shen Trading 3,579,276 4.12%

IES may not need to raise any more equity. There has been some encouraging signs recently, like the factory needing to expand.

"BCI have also indicated that the majority of the proceeds from the share sale are expected to be used by BCI to fund their increased working capital requirements as a result of Invinity's growing order book and the growth of BCI's products and services in other renewable markets."

Also Gamesa are now funding IES via the joint venture. Although the funding is for R&D, IES will be able to use some of this funding to keep the lights on, and pay for tea bags. I have worked in a similar environment, and often you can book hours to one project, when working on another if there is some common benefit, i.e. software stacks, mechanical design etc.

"Over this period, Gamesa Electric has agreed to fund an aggregate US$4.62 million of Invinity's activities within the joint development program, payable as development milestones are met."

Also recall that Gamesa has options to buy 10% @£1.75, so cant see anything happening until they play their hand. If in a year or two, we are north of £2, they could theoretically get enough equity to put an offer in, but that is way off (I think).

I dont think this is about to go to the moon, but I have no worries here, even though I expect sales may be a little thin. As I said before, one day IES are going to get a monster order, and this is really going to take off. If we had more of these batteries in the UK, we wouldn't currently be having our pants pulled down over gas prices.

Interims due out soon, then we will have more data to go on.