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Definitely don't understand why GRID is now up and GSF is down. That update highlights there is a lot more potential here than at GRID.
200 MW in California vs GRIDs unannounced batteries. 75 MW + at least 5 x 10 MW in Texas. Plus the Irish and German batteries. 1 market goes down, the others rally based on the historical performance.
As much as I'd like to agree with you on the Irish point - they cut the tariffs last year and were planning on a 2nd cut instead of increasing funding for DS3 - the only mechanism that is enabling more renewables. The entire planned and operational fleet lobbied together and shutdown the cuts saying they won't invest anymore if they cut tariffs.
That being said - it's definitely more rewarding than the GB market. GRID seems to have put too many eggs in that basket, great in 2022. Looking dire for 2023.
I mean this does work really well for us in the future as a minority shareholder we have a hand in decisions and would gain revenue from future projects. Also de-risks massively!
Would be super keen to see this done with the THAR project. 13% of a Billion would be massive. At least put it to market and see what the interest is, kinda like when a company gets a buyout offer. Values it at X --> would underwrite us nicely here.
Plenty on show at the boat race today
You make valid points however the MW review was market manipulation at its most transparent. Take a massive short position and then release a stock note highlighting a bunch of issues that were discovered to be non-issues.
Really quite odd how this hasn't recovered, certainly wouldn't be surprised if there is a re-rate going forward. The valuation of cases is based purely off win results - it's hardly difficult maths. X case gets potentially awarded up to £100m, of which Burford is eligible to receive 25% --> X case = £25m. That's no different to a calculation of Y tons of material valued at $Z/ton = revenue which most companies use to attribute value - Both Y and Z can fluctuate as can the value of X but at least you have a maximum value - the minimum is obviously 0 as they could lose all their cases...
Be keen to explore this concept: around 30 fires in SK followed by significant investigation and regulation change - a handful of fires since all down to poor integration/construction.
US - a couple of fires followed by the introduction of new legislation that is quickly becoming the industry standard.
Europe - under 10 fires from BESS across grid scale and smaller sites, all down to similar aged systems experiencing faults. Software upgrades followed as well as fleet wide battery replacements.
Overall there has been less than 50 fires across over 6,000 large-scale and close to 1.5 million residential systems (based on Europe being aprox. 1million) <-- that's not bad!!
Flow batteries are safe, no doubt about that one but there's no way in most cities a flow battery is a viable solution when space is at a premium.
Think that the share price is still weighed down on the "raising" topic as it looks like peers are have recently raised and a couple on this board have eluded to that topic.
Still surprising to see based on the positive announcements recently!
Interesting to think there will be a need to do it at a discount. There is a lot of money wanting to buy into the clean tech space. The share price has held up well and is vastly more diversified than competitors (Gresham/Harmony).
Very keen to see developments on the UK market and the performance of those assets, given clearing prices recently a diversified portfolio is vital - 200 MW in California adds to that and will provide some serious growth.
Honestly - hydrogen is a good play but there's no money in it so the faster that gets sold on at a profit the better. very much like what some of the solar/wind developers have done. Build the asset - sell some of it for what they built it for and still having a stake in the remainder. For example 100 MW = £10m, sell 50 MW for £10m, you've got 40 MW worth £10m in your portfolio to sell or keep as you wish.
As for THAR - the LOI is here, the next steps are laid out in my opinion, just need to get those final steps out before we can break ground. At which point our 13% of a mulit billion £ project will start to materialise!
Definitely is - lots of over hang to clear...then I'm guessing that Naheed will drop an RNS. Got the cash, they've taken their 10-20% off the top but could have doubled their money...suckers!! haha
Naheed has said in a previous interview that funds would not need to be raised and if they were needed, as in this case, they would be at a premium.
There is absolutely 0 point stating that the SP and mcap should be multiples (quoted 10x higher) if you're going to source funds at a discount and if you use the inflated level...A HUGE DISCOUNT. At least go to your existing shareholders first and keep it in house rather than getting the market involved...unless there is something in the pipeline that is massive and someone has bought in positioning themselves through this placing.
Something interesting happens suddenly the spread opens up, bid remains fixed.
Not really cherry picking - just analysing what they are doing.
The other RNS highlights what? 30 MW (assuming minimum duration 2 hours) to be delivered and around 100 MW "potentially" going to be sold.
So in their home market they are delivering very little. Very little in foreign markets.
If you want to buy lithium batteries from Tesla, you'll get them delivered in 2026 <--that's what a strong pipeline looks like.
Wonder why such tiny sales make the share price move so much. It's not like these are adding up into something greater at this stage.
Various companies in the UK are in the process of installing 50 MW+ sites totalling over 1 GW of capacity to be installed in the next 18-24 months - all 1 or 2 hour system.
IES are announcing a couple of hundred kWh every couple of months. When is the big 10, 20, 50 MW announcement going to drop. Indicating that there is actual faith in the technology and not just that "forecasts" are saying there is faith.
Looks like the idiots are still equating BTC and blockchain...