Member Info for Lamps56

Well I’m not privvy to their commercial contract but I assume you could ask Larry at this afternoon’s meeting.

Compound (with acknowledgement to The Oak Bloke):

IES’ next-generation Mistral VFB technology, jointly developed with Gamesa Electric (previously was Siemens Gamesa) is set to launch in 2H24. Mistral aims to provide grid-scale, longer-duration energy storage (LDES) as renewable energy generation increases globally.

Mistral boasts 81 granted or pending patents and over 6 GWh of commercial interest. Building upon an existing base of 75 MWh deployed or contracted across 82 projects in 15 countries, Mistral is positioned for success. IES has a strengthened balance sheet, backing from UK, German and Korean strategic investors, an existing order book and this funding round will accelerate Mistral’s commercialisation.

Mistral is a game changer where storage costs reduce from $111/Mwh to $60/Mwh as efficiency rises from 67% in its Gen3 vs Mistral at 78%.

If renewables can sometimes produce power at “worthless” prices of $0.02/Kwh and store it for $0.06/Kwh that’s $0.08/Kwh. A gas peaker plant is $151-$198/MWH so $0.15-$20 per KWH over twice the price! In fact both Solar and Wind combined with Mistral are competitive across a LCOE + LCOS basis to baseload gas.

SP slide this week seems disassociated with trading, particularly today. Almost as though there is embarrassment over Friday’s record rise which needs to be corrected. V price followers will be pleased to see a tick up Asian metals, albeit only for China so far. We live in hope.

Those are pretty much verbatim quotes from CC as I recall.

Apologies Bobby, you were ‘Hold’ until a month or so ago. Your ‘Strong Buy’ period was back in the Fortune era.

Goodness me Bobby, I have never been accused of pumping.Just confident that V price will turn eventually. You on the other hand had this as a ‘Strong Buy’ up until a month ago. What happened? We are all in violent agreement that Fortune’s project failed, principally because he didn’t bank on V price falling so badly. CC is more realistic and is positioning the company to withstand the austerity. Let’s see what he has to say later today.

I venture that investors with a longer term view believe that the recovery of V price is inevitable. The biggest concern until recently was that the company could operate at a deficit until it does. Those fears have been allayed to an extent. It would be great if a proportion of the short term gamblers could hang on for a while so that we can hold the SP gains that were made on Friday. CC will be as straight and candid as ever this afternoon - hope it gives us further encouragement.

After 3/4 years with this truly wretched stock, following the ramping and disruption of Align, coupled with disastrous management, I will not put another penny into ‘averaging down’, however cheap it seems.

Bobby - have you just woken from a long hibernation? The company just secured sustainability for the next year.

Had to get away from that silly thread heading. Some of the negativity here is quite amusing after a record SP rise on Friday. You just can’t please ‘em all. Of course the V Price is fundamental to ongoing profitability, but the ship is still afloat. About midday on Friday we were all heading for the exits. Brighten up, we are still in the game.

And long term investors will most likely do nothing at all.

Almost no news is as good, or as bad, as you first thought.

Ooh! What a coincidence.

Feeling like a mushroom, but sure won’t be selling my stock (despite significant paper loss) until the fog clears. My hunch is that we will all be here next week offering opinions on what just happened.

Can only assume that the bigger sales now are from chancers disappointed that there is no Mistral anouncement yet.

Shirley they would. Personally I am trying to work out when this stopped being an investment and turned into a fruit machine.

Mitch984 - Agreed. They have simply appointed a shepherd to watch the flock.

We are on the verge, but I can’t waste another minute on monthly board meetings. Too much to do.

Yeah. See you later.

The Buy price is currently 19.875, so a lot of that Trade list is b*ll*cks.