Member Info for Mikemine

There seems to be quite a difference between the US valuation and the one here.

Can't imagine they would have this guy from Gamesa there if it was bad news.

We must assume that Dawsongroup are not fools as they have built an impressive company that knows it's market. That being the case, they must think storage is an area that will grow but are being cautious and installing a unit to test the market for real. I don't believe that they will just let the unit sit in their HQ hoping someone will take an interest. There will be an active promotion of it with publicity etc. Their success or not will be very interesting and might be indicative of the storage market itself. I can quite see a company thinking of storage and hiring a unit or two to test before committing a large chunk of cash on purchases so Dawsongroup might be our showcase for the UK. In other words, I'm not thinking so much about how many units Dawsongroup might buy but the potential follow on from the people that hire.

Another interesting point here is how did this MOU come about? I don't see this Group as being a natural target for IES, I might be wrong there, so I see the initiative and contact coming from Dawsongroup. If that is the case then the question is why they chose IES and indeed VFBs over lithium. There are probably plenty of reasons but fire risk might be one of them.

Forgot to add, my daughter has been in the US in the healthcare sector for 20 years and nothing over here has changed.

Pollack, I wouldn't worry too much about not being accepted here. My daughter has been working in the US in the healthcare sector and has almost given up in making inroads here. One of her products would save the NHS £2bn, that's right £2bn per year, and the opposition, bureaucracy and turf protection was something to behold. Committees after committees, presentations after presentations all with no outcome. Absolutely nobody would make a decision. I'm not going to reveal what the product is but it was non invasive and just a simple piece of hardware that any nurse could have mastered in half an hour. It's doing well in the US.Her CEO on that one said if you closed down most of Whitehall nobody would notice.

No wonder the NHS is in the state it's in.

I've only got one word to say about the news "WOW"

Not the sale but the potential in Korea after this project.

He obviously left out South Africa( Bushveld) and Brazil who, although not as big as China and Russia, are big producers. There is also a fresh mine being developed in OZ. He's talking his corner but I don't think that IES would have got a look in in California if they sourced from China. As for producing batteries in Europe, you might have seen a recent story about Germany not be a viable place to produce Lithium batteries, I think BMW said that, due to high energy costs.

Aside from all that, lithium supply is getting stretched as EV sales increase. Hence the big increase in the price of lithium in the marketplace. I can quite easily see the quote from Larry being correct as it's been predicted for years that the rare metals needed for Net Zero will need to be multiple times current production.

https://www.nhm.ac.uk/press-office/press-releases/leading-scientists-set-out-resource-challenge-of-meeting-net-zer.html

Nice rise today.

To give some idea of the future need of the ability to balance the Grid, have a look at this site.

https://gridwatch.co.uk

You can see that renewables contribution during the day varies enormously. If the planned expansion of wind and solar takes place, the need to store electricity will be enormous and Mistral will be right in the frame to provide that capacity.

Larry related the gist of a conversation with a senior unnamed person in the Grid industry. What was said was that the grid will need enormous stabilisation capacity, balancing if you like, because of the huge amount of renewables planned. He recognised the batteries were going to be needed in large amounts and lithium would not be able to supply that capacity because of it's growing scarcity by being used in EVs.

I see that as being a big reason the Mistral project will be a highly significant revenue producer as vanadium will be the only advanced technology able to replace lithium. IES, via Mistral, will be way ahead of the competition.

I know it's an old subject but it still doesn't make sense to me. Why would anybody buy or sell single digit number of shares? There have been quite a few today. Can somebody explain please.

I'd say that's a pretty good assessment of the cash flow position.

The only thing I'd add to that is the unknown factor of Mistral. Quite a few months ago Larry was talking about Mistral and saying that interested customers would probably be looking at the product a few months before it came to market and he expected firm interest at the end of this year for delivery 2023. That being the case, it would be reasonable to expect IES to need funds to finance the purchase of raw materials for this much larger project. That might involve fund raising but, to my mind, that would be an excellent reason for fund raising as it would obviously lead to greater revenue, profit and company value. PI's normally shun any form of fund raising but, under that scenario, I think that would be a mistake.

It's only a musing speculation on my part so the reality might be very different but we'll see.

Someone was querying the cash position. Well, it would have improved with these 2 orders as I believe that deposits are the norm with the orders. Probably enough to keep them going until the end of next year if you consider the completion of the other orders from inventory, turning the units already built in to cash.

Good day and good feeling.

I like the follow-on orders option. 2 orders from Taiwan in short order. Good stuff. Now California needs to get their finger out. Very disappointed about the lack interest from the UK but not surprised.

In every young company's life there is an inflexion point where all the groundwork has been done and the company starts becoming commercial. The path is rarely straightforward and represents a learning curve that is full of surprises. The strength of a company can be seen when obstacles are seen, adapted to and overcome. We've seen is here with RENX and now I feel that RENX has reached that inflexion point whereby the science is proven and revenue starts to roll. I don't offer this as advice but as observations and a feeling about RENX's situation. The next 6 months should be exciting I reckon.

This came up in the Q & A just now. The FDA now have all the data that they've requested so I guess it's just a question of time.

Extremely encouraging RNS outlining the recent data from "real world" use. It's a real leap forward in the identification and treatment of early deterioration in kidney function.

Should save lots of suffering and costs over the longer term not to mention revenue for RENX.

I can't believe that more orders won't flow from this project. I believe it's supposed to go live this year so an update in the near term seems reasonable to expect.

The Market for small caps is generally awful. I don't know when we will get out of it.

It looks like Bei Ying has and will do all the selling which is excellent news. It'll stop IES spreading itself too thinly. I agree with the RNS that this could lead to lots of orders and some of them might be big.

Surprised the SP hasn't reacted more positively.

"The Formal Sale Process announced by the Company on 2 November 2022 is progressing, with multiple expressions of interest received from credible counterparties."

I bet they have.