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It's a small order but it has been gained against competition and without subsidies, grants etc. To me that's indicative. The acknowledgement that Lithium has fire potential is clear in the RNS and played a part in the decision making.
I haven'y investigated the purchasing company yet but Harper alludes to more opportunities in this area and I must agree that it gives IES a bigger shout.
There's more to this RNS than just the size of the order. Hopefully this is the start of closing the other orders.
Don't know if this has been flagged before but OPEC has said it's members will cut production by 2mnb per day to increase the price of crude. Biden didn't like it.
Pretty solid buying today. I'm surprised that the SP hasn't been jacked up more in view of this. It looks like lots of profit takers were around yesterday but fewer today. If you want to take a profit go right ahead but I'm waiting 3-6 months personally.
Fair few trades today comparatively. It very much depends on how you viewed the presentation and what it contained but if they start delivering on closing down those contracts this could be the easiest 100% gain you'll encounter. Well underpriced if it comes good but there's always that "if".
2P?? IES have a news drought as stated in the presentation but, if they follow through with closing some of the late stage deals, the SP will rise. That's not a great insight on my part just a pretty obvious outcome I would have thought. 2P would indicate a total collapse of the company with no sales and no money in the bank. Is that likely with what they were saying in the presentation? You'd have to make your own mind up about that but I don't see it.
Inevitable profit taking today and good luck to them but longer term this should be on an upward trajectory IMHO.
As far as I know the AIM market has less stringent criteria for listing in the way of profitability, shorter history etc but I'm no expert. Also the AIM is quite mature and fairly liquid.
TRLS is spin off from Mt Sinai and follows 2 of their other companies RENX and VRCI on to AIM so I suppose they were happy with the process. The other 2 are potential blockbusters but the Market has slaughtered their SPs, similar to what happened to TRLS. If the companies get it right they look like multi-baggers to me.
You use 5% but even if the figure is only 1%, that's still 30,000 patients and, as you say, the B/E is 7,000. Personally, in view of the acceptance mooted by Marla, I can't believe that the figure will not be way north of 1%.
I've just seen the video and I've rarely seen one like it. I couldn't find fault in any of it and the enthusiasm of Marla was quite infectious. Not surprised the SP has responded thus. I don't where the SP is going but it's going to be multiple.
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?
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.
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.