Member Info for Mikemine

Still can't find the link. Been all over the website and, despite djm1's help, I can't find the presentation.

Everybody knows that lithium batteries won't last. The large energy storage ones will last about 10 years whereas VFBs last 20. It's a no-brainer over the life of a solar farm or wind farm but here's the problem and it's the big problem we have in the West. Most of the people who sign the contracts won't be there to be blamed or otherwise when the true cost of their decisions become apparent. They will only be judged in the here and now and if lithium is cheaper making a project more viable then that's the way it will go.

It doesn't just happen with energy storage. It's endemic and is a great weakness in the West. China on the other hand plays the long game. Just look at the way they have spent years going round the world tying up contracts to get more or less monopoly status over rare metals which they knew would be needed more and more. Now the West has to go to the Chinese for lots of minerals etc.

I don't know the way round this but it will hamper us for years to come.

I don't think they're numbered but there will have to alternatives found cos there's not enough to go around.

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

The CCC know this very well but did they pass on the findings to the Government?

You've completely lost me.

Bit out of the loop with this one. Is the presentation live, written or recorded? Any help please.

A crazy market at the moment. IES is not alone. For instance, I follow TRLS, in a completely different area, and they've just released a good RNS with enough funds to finance until in to 2025 when they should be profitable. They have over £20mn in the bank but their MCap is £12.5mn. Even with progress on all fronts, the RNS was greeted to a drop of nearly 10%.

Goodness me. A RNS that points to good progress, plenty of late stage negotiations with health insurance companies and providers, acceleration of commercialisation, funds to take them in to 2025, general acceptance as a new approach in healthcare and the SP dips nearly 10%.

Crazy world.

After the results are out of the way now I think the CFO role can take a breather enabling Marren to hold down that job and the role of CDO for a few weeks I'd imagine.

Considering the lack of any sales news, the SP finished well. I know that sounds like boundless optimism but the Market background remains terrible and investors are not in the mood for jam tomorrow. Anyone regarding IES as a company with a future must be looking at the ultra-low valuation with relish.

Lets see what IES can come up with in the near future.

Generally a decent update but the market wants sales, hence the big drop.

Larry makes some good points about lithium and the shortage that is coming. The shortage and near impossibility of supplying enough lithium, and other rare metals, has been well flagged but practically ignored by the media and certainly the climate alarmists. One report of about 3 years back said that to satisfy the demand in just the UK for changing our ICE vehicles to EVs would need doubling of the world's lithium production. There has been similar research reports since. It all points to anybody wanting energy storage would increasingly be forced to consider VFBs

Good news at last from OZ with the original site probably housing a further project as originally planned once the current issues are sorted out. In the meantime the alternative site is ready to receive our batteries and that process has begun.

I won't go through item by item but it looks like log jams are being cleared and confidence in the product is growing.

I don't think the new structure being developed, Mistral, will address the same market as the existing product although there must be some overlap. Mistral is going for the big grid needs and I don't think it would be suitable for projects like the Oxford ESO so the existing battery will still find plenty of market space. Interestingly though Larry said that they could supply grid scale projects right now.

Overall, progress continues but the lack of orders, and therefore revenue, will dominate sentiment. The BOD is fully aware of that and that will be uppermost in there minds I'm sure.

The whole of the market is terrible out there and not just this sector. IES has it's own problems which we all know are down to lack of orders basically and all that stems from that.

Covid lockdown was disastrous for much of the world and Putin is not helping. I can't see things getting much better in the near future but 2 or 3 orders would help right now.

The Government is getting out of the way of O&G producers and speeding up license applications to encourage more NS output. The problem is that it takes nearly 5 years to get the oil in to a tanker from the outset. Would it be feasible to quickly drill another well at Lancaster to take advantage of the high prices and benign political environment?

I'm really surprised, I know I shouldn't be, that the SP has not been helped more by the big change in attitude towards oil and gas in the investment community and Government. Only today the Government announced a big turn around in allowing fracking to go ahead and license applications in the NS to be looked upon with more favour. The political environment for HUR has rarely been better and should make going forward with a new well etc that much more attractive.

Has anybody found a podcast or similar on the AGM? I've looked around but can't find one. Anybody got a link?

If that's Fidelity again then they are obviously building a position in a sector they have identified as having growth potential. These institutions don't do that on a whim. It will be after a fair amount of research and interviewing Larry etc and other CEOs.

Gives PIs confidence but we still need those orders.

Anybody seen a podcast of the AGM yet? I can't find one.

Still no interest in America. Curious.

There was a lot of fanfare about getting listed in the States but I've been looking at the trades etc and they amount to almost zilch.

https://www.otcmarkets.com/stock/IESVF/quote?utm_source=twitter&utm_medium=Social&utm_term=&utm_content=&utm_campaign=OTCQX+Newly+Trading

The last trade was on 25th August and it was for 525 shares. It's early days yet but it's clearly not the boost for liquidity that was hoped for at the moment.

I take it there will be a video of the AGM or at least a recording in some form. Did anybody go?

I wonder what that buyer is expecting this afternoon?

You could always ask why the Canadian order RNS in February, has taken so long to fill. Were they waiting for Boajia to come on stream and if so why?

I've wondering why, and not a little concerned, that orders have not been forthcoming. Could it be that IES were waiting for Baojia to come on stream to supply in quantity, with perhaps a more competitive price, before they completed any deals. I don't know of any problems with current manufacturing capacity but we have to ask why was this 1.1MW not made and shipped for an order announced in February before.

If IES felt that they had to wait until this facility came on stream before concluding any more orders, then we should hearing about numerous deals in the coming months. Pure speculation on my part but it would be a good point to bring up at the AGM.