Member Info for Mikemine

Decent summing up of the situation but atm we are in freefall because of the flagging of a fund raise within 6 months IMHO. As the article says this is a longer term investment and many P/Is have shorter horizons which many companies have to live with especially on AIM.

In a word, fund raising. I know that's 2 words.

Potential? Apart from pointing to a bigger order book and larger size of individual contracts, these figures tell us very little about the long term potential IMHO.

A big factor relating to potential must be the hook up with Siemans. Each orders from that partnership will dwarf anything that is likely to come from current operations. It's not to say that IES will not become profitable under present operations, it will, but you were talking about potential and that is huge.

Certainly not a short term buy but towards the turn of the year and Q1 2022 look very interesting. If it takes off then there is a huge market for it.

There was a storage facility in Liverpool that I got wind of about a year ago. Naturally it was lithium. I contacted the chair of the planning committee to tell her about the fire hazard, especially as it was in the middle of high density housing, but the application had already been approved. She had never heard of VFB's nor the fire hazards associated with lithium. Anyway a couple of months after the project went live it caught fire. I probably should have contacted the chair again but it seemed too much like gloating so I didn't.

I haven't got the time to contact this particular planning authority but, if my experience is anything to go by, they would probably be grateful for any info. we could give them. Anybody up for it?

I would imagine that if the plan is not voted for the BOD would resign en masse immediately.

Quite agree with both of you.

Not sure if this refers to the auditors activities or IES's " growth in operational activity and complexity over the last 18 months" If it refers to IES we might be in for a hum dinger of a report.

Regardless, the progress made in the last year has been good to watch and the whole story just seems to be getting bigger and better all the time. Certainly no worries over this RNS.

Why would they need more money? They have enough for current needs and for the foreseeable near and medium future unless they need money for the latest tie up or some other project that we don't know about yet. If that is the case, any fundraise would be to fill expansion and certainly not to keep the lights on. If we want IES to grow, hands up those that don't, further increased production capacity might be needed and that would need to be financed. We might get an idea of this in the finals but we shouldn't be scared of further fundraising out of hand. It should be welcomed if it is a sign of growth and future large profits. Its what we are here for isn't it?

10 hours duration! Thats impressive and well beyond any lithium battery capability that I've heard of.

I said on another bb, when the latest update came out, that serious investors would most likely wait 2 or 3 days to analyse the news before buying or selling stock. It could be that this large trade was in line with what I was saying. Lets hope it was the vanguard of more large buys in the days to come.

There's another Vox interview today but this site won't allow a link so you'll have to find it yourself.

I think this is new. An interview with Sara Barrington CEO

https://www.**********.co.uk/articles/q-a-with-verici-dx-ceo-sara-barrington-cdd7309/

Its about 35 minutes long

Can't think that the money will be used for blue sky concepts. Boris and co. are in too much of a hurry for that.

operastar, yes, I can't much else, apart from VFBs, that would be in the frame for that unless they were going for early stage proof of concept type technologies.

I found this about biosurfactants. The article focuses on how it might shale producers but I thought it might be relevant to basement plays as well. Any thoughts?

https://shalemag.com/biosurfactants-the-esg-friendly-technology-reviving-shale-profitability-and-production/

Doyezee, the whole sector is on fire and IES is up there with it. Granted the SP is treading water essentially but the news and activity before Christmas can't be repeated every couple of weeks. Thats unrealistic. Imagine how difficult it must be dealing with clients on zoom. Its bound to slow things down and complicate matters. IES is a different company to RED, surely you can see that, and I would venture it is a different company to what it was before the last fundraise. Before they would've been hampered and frustrated by a lack of working capital, hence the size of orders, but now they have a bigger range of projects they can pursue.

There is also the prospect, which is real IMHO, of link up with a much bigger company. If or when that happens, watch the SP go then.

Remember one of Buffett's adages. "The stock market is a perfect place to take money from the impatient and give it to the patient." You, like all LTHs, have been patient but I truly believe that you will see a SP above your breakeven price this year. Just my opinion of course.

I think that was the whole point of the fundraise. IES could only go after small orders as they have to finance the purchase of materials etc to make the actually stuff they were selling. What I expect to see this H1, no they have lots more working capital, is an increase in the size of orders in the "pipeline" which will vindicate all that they have been saying in the last couple of presentations.

Watch this space as they say.

Certainly looks like it. Good news.

Thanks Fred. I tried that yesterday but i waited so long my battery ran out. I guess i'll have to wait for them to answer my email. As long as my shares turn up I'll not be concerned.

Thanks for that.