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Not many of us left janalan. Would sure be good to get some news that reverses the downward trend. Could be a few months of waiting yet though.

Be good to get another update, particularly from Specimen Hill.

Any possible revenue from Whale Head Minerals pushed back until at least Q1 2024.

Definitely and I reckon it’s linked to whoever picked up 5million shares a week or so ago. I was sure share price was held back for those trades and this may be a continuation of that. If those large trades are by the same party then they will soon have to show their hand with a holding RNS.

Hoping they let the SP go asap, should have easily gone back through 50p on DoE news IMO

Having not received any payment from Xinjian since July, there are two possible scenarios IMO. First, Xinjian are trying to get the next payment together and have told Kazera that it will be paid in the near future (hopefully by a specific date). Second, Xinjian haven’t given any such undertaking in which case Kazera needs to accept that they probably aren’t going to be able to make the remaining payments and need to pursue other options.

My gut says it’s the first one and we will get some news on that in the next couple of weeks but my gut does have a checkered track record..

Yes exactly, 14million short term warrants at 50p which would bring in up to £7m this year plus there are 14million long term warrants at £1 exercisable by end of next year.

2 million share transaction just gone through. If it’s a buy then my theory of an II trying to accumulate under the radar and at an artificially held down low price still holds. 2 million to the 3million the other day would keep them handily just under the 3% figure that would require them to issue an RNS and show their hand. So they can add a few more before the price is allowed to rise. Coincidence? Anyway, it’s a theory, time will tell whether it’s nonsense or a good call.

Well the circa 3million share buy on Friday hasn’t been reversed as far as I can see, so must have been a genuine buy. Judging by the price action, I’m guessing that they haven’t finished buying so price is being held low and we’ll see another chunk go through in next few days. If that happens then they will probably go through 3% and have to do a holdings RNS.

I could be wrong but that’s why I think the SP has fallen rather than risen after the Everdura RNS which was undeniably positive. So I’m taking the opportunity to add in the hope/ belief that SP will rise imminently.

It will be very useful if they have managed to get this message across to potential investors and customers on their US and Canada tour over the last few weeks. I’m sure they have to some extent at least.

Still signposting orders for for this quarter, and probably a decent amount of them which is what happened last year too. That could (I hope) be the catalyst for a significant SP rally.

No hint of doubt that Mistral is happening next year or that it will be a game changer.

Half year results towards end of September- it’s not about the results themselves but the updates that come with them, including an updated pipeline.

Larry and VSA (Andrew Monk) are in NY doing the tour of potential investors and generally banging the drum for LDES. Whether the tour extends to potential strategic partners and customers is less clear but it’s got to be a fair chance it does.

Yes ditto. Been adding in low 40p’s and today got some more at just over 39p.

I think there will be a lot of people that will happily convert their short term warrants at 50p later in the year. There are 14million ST warrants. Personally I prefer to take advantage of this latest dip to get them at >20% discount to that, although I will undoubtedly convert my warrants as well.

Tomorrow morning would be a very good time for a positive RNS of a nice order or stategic partnership. Need one soon to reverse this share price drift.

Little bit on Invinity from VSA podcast today. He can waffle on a bit but sometimes gets some useful comments. Skip to 4mins 15secs if you don’t want to listen to it all. He thinks Friday’s RNS re mistral pilot should have got more of a positive share price reaction and I agree with that.

Also, results out in next week or so - the important bit for me will be the updated pipeline.

hTTps://twitter.com/vsacapital/status/1669325379692113920?s=61

Some negativity about a very positive RNS. Yes it’s only a small pilot but it’s the 1st of several and shows Mistral is still on track. With or without Siemens, (and I still think Siemens are well on board) the next generation battery will be launched next year . We know that there are plenty of potential clients already interested in the new gen for projects with capacities over 50MWh.

The increased manufacturing capacity in Vancouver to 200MWh pa is significant too.

Within the next couple of week we should get a trading update (based on last year’s which was on 27 June) and Larry has already said in last week’s podcast that there has been significant growth in the pipeline.

This from the government’s just released Energy Security Plan. Sounds still on track for decision on LODES “early 2023”. We are at end of Q1 now so not much left of early 2023 IMO, so would like to think a (positive) decision is imminent.

LODES programme
“The Government will announce further recipients of funding in early 2023 under the second phase of the Longer Duration Energy Storage programme which aims to accelerate the commercialisation of innovative longer duration energy storage projects.”

Our first new major shareholder from the placing, Utilico Emerging Markets Trust, entering the game with circa 8million shares. Should be more to follow as over 40 million more shares from placing have gone somewhere.

Exactly maninshed. To be clear, for the last 4 holding RNS’s none of the institutions have reduced. Schroders have added 14.5million. All the others have maintained their previous holdings.

The number of shares has increased due to the placings, so if you haven’t added then your share of the total goes down.

There will be a lot more holding RNS’s I think because there are still over 50million shares taken up by instis that haven’t yet been notified to the market. That includes the 7.5million that Everbrite took up.

Plus Yadlamalka delivery should be imminent if indeed it has not already commenced. Certainly the latest report was that it would be delivered this year.

I was initially very irritated by this RNS myself so I emailed Investor Relations who called me back to discuss. It seems this is purely a procedural matter to deal with some legacy share options that ex-Avalon employees had. I said that many shareholders, myself included, are suspicious that it could be use for less desirable things like giving cheap share options to the current directors or other share dilution. He was unambiguous that this is not what the RNS is for but there is a standard set of wording for RNS’s like this, so I think were expecting a bit of a backlash but it was something they needed to deal with in case any of the ex-Avalon employees try to exercise their share options.

It comes down do whether you believe that explanation and having discussed it at length with them, I do. If you have concerns, I suggest you email IR, they are normally pretty good at replying.

Larry won’t have much say in it but the likes of Schroders will with their 28million shares - most of which were bought in the placings at 175p and 100p. They are unlikely to be accepting anything that significantly undervalues the company.

They generally have some leeway on timescales, so it is not a case of selling off immediately it dips below a certain level. If you look at the daily trades over last few weeks, there were actually no huge trades so they have probably been reducing over a period of time. There were 3 x 500,000 trades yesterday, after the record date for the RNS, so if that is them then they have accelerated the sales a bit. They were originally at 5.87% holding and only had to announce when they went below 5%. Next announcement will be for under 4%. I’d expect to see another RNS soon for those 500k sales.

You will find that Amati aren’t selling because they need the cash or because their view on the company has changed or they know something we don’t.

It is much simpler that that, their criteria for holding shares in their funds (or one of them) is that market cap has to be above a certain level (£50m) and IES market cap has fallen below that. Therefore they have to sell.

It is a good reason not to hold such funds as this is exactly the moment they should be buying or holding but their are bound by the criteria they set and therefore are forced to sell at a substantial loss. Very poor if you hold that fund.