Member Info for Mikemine

I think I might be a bit nervous now if I had been shorting in 25K chucks for some time.

It's my understanding that a shorter pays a fee to a person holding shares to borrow them. That person could either own the shares or, more likely, just be holding them for somebody else. In other words they could be borrowing our shares to short them in the Market. It's legal but totally immoral of course as the owner of shares suffers every time his shares are borrowed.

If the SP goes up then the shorter is caught out and they have to buy back the shares if the holder demands them back. If the holder does not demand them back then the shorter can take a chance that the price will go down again. In fact they might choose to wait until the share price stabilises and then start borrowing even more shares and selling them, trying to force the price down and so mitigate some of his losses. As you can see, it can be a complicated business but these guys are experienced at this and have more strategies than the ones I've outlined here.

Bottom line, unless there is news of progress or value adding, the share is very vulnerable. In this respect IES shares are a shorter's dream IMHO.

Another week without news..

I was reading about some shorting tactics and apparently they often put in a large sell order, to scare holders in to panic selling, and then withdraw the sell within a short time. The large order today certainly fits that pattern. Maybe the shorter, I'm now convinced that is what it is, is getting frustrated by the lack of downward pressure experienced in the last few days. Make your own mind up about that theory.

There's that 25K seller again. Without a news stream this share is wide open.

It would be nice to hear an update on how things are progressing in California. Here's an article which talks about the requirement, by legislation, to instal storage and how much might be needed

https://www.utilitydive.com/news/brand-new-problem-california-grid-operator-long-duration-storage/621637/#:~:text=Around%203%2C100%20MW%20of%20energy,Commission%20(CEC)%20workshop%20Tuesday.

At this rate IES will be the most successful failed company on AIM.

IES are talking to lots of people extolling their virtues. I hope that includes a few people who have a pen in their hand hovering over a contract. No mention of that of course.

That 25K seller has been going on for months it seems.They must have sold a significant holding by now which might well be big enough for a notification.

On the other hand if it is a shorter, they've made quite a bundle so far but, at these levels, they are leaving themselves exposed to a run of significant news items which has been on the cards for while or am I dreaming.

Another week without news. Must be a shorter's dream.

If the seller is a shorter, they must be making a fortune out of this.

Is the person dumping their own stock or borrowing our shares from our brokers to short the share?

There seems to be a persistent seller of 25K blocks of shares. It's been going on for months now. I don't know if it is one seller or more, or a shorter but it's doing lots of harm to the SP.

We've been saying that for months and months.

racing lad, good find. What impressed me was how the Pivot guy was impressed by VFBs. Whether this translates in to more use of VFBs in Pivot's future similar projects, I believe there are 40 planned, only time will tell but IES must be in pole position with Pivot right now.

Can't be long now before we hear more about Pivot's projects or the conversion of some or all of IES's inventory in to orders.

I believe that the site has been live for some time and this headline news is about its' official opening.

I seem to remember either in a conversation with IES or a snippet in a podcast that Pivot was thinking of increasing the ratio of VFBs to lithium in future projects as they were so impressed with their performance. Whether this turned out to be the case or not only time will tell but I wouldn't be at all surprised.

Good publicity in the RNS and I'm hoping for follow on news from this or the conversion of some or all of our inventory in to cash via orders.

Surprised the SP has reacted more positively.

https://www.utilitydive.com/news/brand-new-problem-california-grid-operator-long-duration-storage/621637/#:~:text=Around%203%2C100%20MW%20of%20energy,Commission%20(CEC)%20workshop%20Tuesday.

I think in the last presentation where Larry said that part of the operation was about trading electricity at Oxford and, in fact, it was RedT's experience and expertise in this area that made the merger compelling.

Makes lots of sense to buy electricity at night, even if it's from the Grid, when prices are very low and sell it at peak times if you have a surplus. If it makes sense when you are buying from the Grid, as in Oxford, how much more sense does it make if you have a wind farm at your disposal.

If they can stay afloat, and looks like they have adequate funds fo at least a year, then this looks like a real winner but we've been saying that for how long?

Most of interest was the first 6 minutes but, as you say Agricore, IES is not alone in being battered. The rest of the podcast included lots of stuff about the whole sector being clobbered.

Interestingly they thought that the cash in the bank and the cash that should be generated by the sales in the immediate pipeline, which should come through this year, will see IES through to the end of 2023 and a lot should happen in that period. I agree so I'm not that worried about about another fundraise unless they need to get money to finance some big order which could be a possibility next year. Thats the sort of fundraise we should welcome though.

I don't think the space needed is much of an issue even here. Lithium batteries occupy a lot of land when used and need to be separated due to fire risk. VFBs on the other hand can be stacked and built very close to each other. Very suitable for OZ and the US though, I agree.