Member Info for Mikemine

Https://www.biospace.com/press-releases/fbb-biomed-signs-agreement-with-verici-dx-plc-to-offer-research-use-only-ruo-tests-to-clinicians They've just signed an agreement with FBB Biomed. No RNS yet. Could be the first of many?????

Like all these small companies in this sector, it is frustratingly hard to get traction due to the conservative nature of the client base and fear of litigation with using new stuff being used rather than available old stuff. They get to an inflexion point and suddenly growth comes almost at a rush. Is RENX there yet? Difficult to say but their revenue has increased over the quarter and there has been no hiccups recently. Cash burn seems under control and funds seem adequate. If they can get revenue to continue to rise, which mostly will go to the bottom line, they should be OK. Still risky but at least they are going in the right direction and have a credible business plan so patience will be needed here. All just my opinion of course.

Pretty good update bearing in mind this is a very small company with very limited resources. The product seems to be well received by end users and progress towards commercialisation is progressing albeit not as far as many would like. Future funding needs to strengthened but the product should propel the company and it's valuation to be much bigger than at present.

I find this pretty reliable

https://gridwatch.co.uk

£1.75p a share. Well, we can dream.

It appears that most of the nuclear power stations in the UK will be gone by 2028 leaving the Grid with a big problem of balancing all the different inputs, increasingly from renewables. As this article points out, there is an urgent need for a building programme for storage and part of that will be batteries. The Government better get a move on.

Https://www.telegraph.co.uk/business/2024/10/13/why-age-of-energy-rationing-is-looming-for-britain/ Might be behind a paywall.

I've reread this again and it looks like this could be the magic key for IES. The biggest problem thy've had so far is price competition and this allows companies to sign contracts, not on price differentials alone but with profit locked in, at any reasonable cost. I don't think the Market has realised that yet but, when Mistral starts to get orders, they will IMHO

I tried to log on this morning but a new system demands that I confirm I'm a human being first. How many cows, dogs or giraffes have tried to access this site before to make the requirement necessary I wonder.

Ticked all the milestones. The company is now gearing up for commercialisation with validation of the product in the bag. This is a success story so far but will need more cash to grow which is par for the course with this type of company at this stage of development. Any cash raised will quickly go in to commercialisation IMHO. With the contents of this RNS to show investors, it shouldn't be a problem to raise funds at a reasonable price, again IMHO. It looks a good prospect I reckon.

To get a better picture of what the RNS means for LLAI, read the Sharecast piece in the Share News section. It looks like the pathway is now clear for launching the product and getting revenue. Long way to go as always but getting closer.

That's quite a step forward.

Did anybody manage to get to Bathgate today?

Thanks for your efforts BBN. We are looking at a potential future production need of 1000MWs per year and that is why I brought in the Siemens' aspect whereby they could use their huge engineering capability and know-how to do the heavy lifting. Motherwell's capacity will not be enough. I'm disappointed by the slippage of the Mistral launch but understand the reasoning behind it. I expect Gamesa has been insisting on a thorough testing and stressing before launch as Siemens has has had product failures recently and Gamesa would not want to add to that, risking Siemens pulling the rug on the project and Gamesa itself.

All through the presentation the message was of a growing market, acceptance of VFBs and engagement with big players eager to enter the long term non-lithium arena. IES is the front runner and is right in the middle of the mix. Its still risky of course but, boy, the potential that we've always known about could be unlocked very shortly. That is clear.

Is the clue in "Batteries"?

Could be and should be. If IES can sell one Mistral system to an AI company, I reckon lots will follow. The AIs will certainly need their own source of energy because it looks like the Grids here and the US will not cope in any way.

Thats not quite right. Last year they were talking about the end of Q1 or in to Q2 in 2024. Missing milestones seems to be in their DNA. I hope they get it right but they have been miles behind their promises over the years. Let's hope that improves this year. It certainly needs to be.

I don't think anybody would disagree that the demand for storage is growing and is going to be huge. It's quite big now. The questions for IES is will Mistral work, can they produce them in quantity and will they be bought? The turning point for me will be when Mistral is launched and the announcement of a large order for it. That will be a big, big derisk for me. It must happen in the next quarter surely.

Looks like some shorters are covering their positions. Could be that they've judged that the SP is likely to rise.

The US healthcare system has enormous coverage by insurance companies and it is often these that have to foot the bill for dialysis etc and that is a fortune. The insurance companies would be very positive about testing to keep their costs down by early intervention and of course the latest RNS indicates that the rest of the healthcare sector will be wide open to RENX's sales pitch. The CEO is a salesman by inclination and I'm not surprised that he has decided the company can go it alone and keep all the growth for itself and it's shareholders. I would not be surprised if the next financials reflect this.

I don't know the size of the Mistral units or indeed if they are units at all in the usual sense but the existing units are bigger than the equivalent lithium capacity batteries. But the can be much closer and stacked (no fire risk). For most grid applications size is not a big issue. In urban areas the noise from lithium cooling units might be a problem. I think VFBs are almost silent. In most applications I'm sure it will be a capex per KWH and the longevity that will be the main considerations. Mistral cost are 40% less than existing VFBs we are told and they hope to get that down to 60%. Hope that helps.