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Never mind being on a ferry. If you want to worry think about batteries catching fire on a plane. Most major airlines carry a box for this eventuality. If you can get the device in the box, it should be OK. It's why airlines forbid battery powered item to be stored in the hold. Not a big problem for the vast majority of the time but accidents do happen. Battery fires are very rare but there is a risk like most of life.
I'd have to go back to the presentation for that bit but they might just be looking for manufacturing partners in the US rather than building factories.
As far as further funding is concerned, IMHO it is near certain that they will go for further funding in Jan - March next year. They are not going to be cash positive by then and they won't wait until June to raise money. The upside of that is that Larry said they had companies eager to invest/become partners so it won't be a distress raise I don't think. By next year I would hope that the SP would be a lot further north than now so it won't be that painful for us. Also think that this would be the last fundraise they would need.
Only my opinion of course.
The thing about the difference between Mistral and VS3 is that they address different needs. VS3 is not suitable for large grid uses whereas it is better for small scale bespoke requirements that Mistral would be. The 2 entities can be sold and marketed in separate areas of the storage market without competing with each other. Sounds great.
Just my quick take on the presentation.
Revenue ramping up this year and next. When IES gets to 2025 the revenue explodes it looks like. The scale of the business will be way beyond the present day as Mistral kicks in and off.
In the meantime the existing system is very profitable said Harper and fills a niche that Mistral won't\can't and visa versa so they will run side by side very happily. Interest in both products has taken off and, instead of touting the product around, customers are coming to IES. Pipeline looks enormous although Mistral occupies the more distant pipeline which of course boosts the numbers. More pilots envisaged but I can't remember if they said this year. I think they did.
The overall feeling was one of excitement and anticipation as well as confidence in Mistral. The overall storage market is taking off so IES will have the right product at the right time it seems.
The presentation will be available as a recording and is well worth viewing IMHO.
The only downside I can see is waiting for the big transformation of the company in a couple of years will not appeal to everybody but, when the potential is evaluated by many there should be a significant revaluation in the shorter term anyway IMHO.
My opinion only.
Funding is always an issue with companies at this stage of development and before. It's a big concern for investors but it takes away our focus on what we have and what is likely in the future. RENX has a groundbreaking product that nobody has and it's now cleared the important hurdles for acceptance in the very conservative healthcare sector. The demand is clearly there and it is potentially enormous. The future potential worldwide is too big to evaluate and it is very probably, IMHO, the present management and company structure will not have the ability to fully fulfil that potential so it needs a very big boy to take the product there. McCullough is very good but he's an entrepreneur by inclination and ability so he will need to pass the potential on at some stage. A person who heads other companies has said within my earshot that McCullough is the best CEO he has ever seem and that's good enough for me. He will take the company far and then hand over the reins.
So we have a fully useable and accredited world beater and a probably takeover candidate is the way I see it. Like so many companies on AIM, you have to take the longer view.
Only my opinion of course so do your own evaluation.
Thanks you guys. For some reason I always have trouble moving the decimal point and it's getting worse the older I get.
Larry was saying the costs of electricity from Mistral were going to be very competitive. Lets hope he's right. All good at the moment.
This is how I see this week's trading so far and so i might be completely wrong as I don't see what the MMs see.
The recent robust trading numbers were mostly driven by a favourable tip in a newspaper. Following the tip investors wanted to buy at these low levels but they were quickly followed by day traders who added to the uplift. They were chasing a quick return and, when the rise in the SP faltered and stopped, they quickly bailed out to lock in their profits which led to a reversal. They are now largely out of the way and what we are seeing now is a combination of investors remembering the tip and the very positive RNS on the financials. Hopefully we will see a more gentle rise which will be more secure that a knee jerk reaction from a tip. That should keep the day traders uninterested for the most part as they want a quick turnover.
As you can see it is a personal views so you can make up your own minds as to what is happening and what may happen in the future. I don't put guesswork figures on where a SP might be at any point in the future as that's subject to many variable and they are much more likely to be wrong than right. The only thing I will say is that I can't see the SP remaining in the 40's very long now.
The story is in the DT and behind a paywall so I'll outline the gist of it
Last winter the Grid paid to have 3 locations of coal power stations on stand by but this year 2 out of the 3 will be closed permanently . They have 2.4GW of capacity and this will be missing next winter. That leaves perilously close to having little spare capacity and, if we have a cold winter, it could well lead to rationing and sudden blackouts. Without going in to the politics of the consequences of our Government's so called energy policy the need for large scale energy storage becomes abundantly clear. This must give IES a lift in investor awareness and makes Mistral ever more important.
Https://www.telegraph.co.uk/business/2023/06/28/britain-left-without-emergency-coal-reserves-winter/
If you judge the content and what lies behind the raw numbers we get to a company that is about to deliver in a big way in the next 18 months. It's not just a question of selling more existing products, which it is ramping up nevertheless, it is about taking IES in to a different market with a superior product to anything that is there already. The pipeline has grown and will probably continue to do so, costs have declined and bottom line profit has increased.
If you leave aside the inevitable loss, which at this stage of development is a given, this is a cracking RNS. IES said 2023 would be a pivotal year and that is coming in as promised.
Thats a good point Maninshed and one I'd not considered. I don't have an answer but the insurance industry is waking up to the fact that when an EV gets in to an accident and the battery gets damaged it can lead often to the vehicle being written off whereas If the vehicle had an ICE it would have been repaired. The damage to the battery can be very minor for this to happen and insurance premiums are starting to reflect that risk. Stand alone batteries are different of course but the insurance companies are no doubt monitoring any increase in risks.
I'm not so sure DD77. At the moment lithium rules on many levels but there are problems, fire risk, degradation and the rising price now and in the future. It's big advantages are price and being the market leader. Mistral brings VFB's on par with price. After that their strengths come through. They don't degrade and need replacing in 10 years, there are no fire risk issues especially in 100 degrees of heat and, after 20 plus years, the vanadium can be used again or sold at the then market price. Even in Texas with the close ties with Tesla, I'll take you word on that, the logic of choosing Mistral will become hard to ignore IMHO