Member Info for observer842

Jan 2008 https://publications.parliament.uk/pa/cm200708/cmselect/cmdius/216/216we88.htm
13 Jun 2016 http://www.alignresearch.co.uk/wp-content/uploads/2016/06/Inspirit-Energy-Align-Research-13th-June-2016-Final.pdf
16 Aug 2016 CIBSE collaboration
3 May 2017 Argentarius discussions to raise up to £2m asset backed bonds
18 Jul 2017 3.0kWe to 3.2kWe
21 Aug 2017 Argentarius apparently falls through
06 Feb 2018 Inspirit Energy Consultancy Incorporated
29 Mar 2018 Increased efficiency in the regenerator allows use of commodity grade stainless steel derivative
12 Apr 2018 CIBSE ongoing
04 May 2018 £845k CLN's
29 Mar 2019 Continued discussions with European company that may carry out the certification process; no mention CIBSE, assumed concluded
26 Apr 2019 Facilities moved Sheffield to Poland in collaboration with a European engineering group. Collaboration with a UK based University on new applications. New composite materials awaiting classification. Cost savings. Can start off grid. Peak electrical output doubled to @6.4kWe same @15kWt during a running cycle of 2,000 hours. Height reduced to 80cm. Schematics for new applications: Inspirit Marine - currently in discussion with a large car/marine engine manufacturer to develop a unit for the shipping industry with current output of 11.68kW; Inspirit Solar; Inspirit Cooler; Inspirit Motor/Generator
16 Jul 2019 Inspirit Energy Consultancy Dissolved
13 Nov 2019 Polish PARTNER collaboration. Marine manufacturer is Swedish. Demonstrating a 3D model of the redesigned engine and application during Jan 2020. Paul confirms > 6kWe. Passed PD 5500/2018. In 2020 expect to produce first unit. If successful, batch production will follow. Good quote from PB
25 Nov 2019 £804k converted @0.07p rest converted in Dec. No mention of £422.5k worth of warrants presumably issued at @0.07p majority lapsing 25 Nov 2020
23 Dec 2019 "delays have brought about vast improvements and efficiencies". Looking at licensing the Stirling technology. Drawdown facility ($2.6/$3m) lapsed. Will consider offer to extend if trial unit successful. Setting up automotive division to charge EV's
30 Mar 2020 Set up manufacturing & testing site in Poland at start of year for charger & developing technology. Very favourable discussions with large marine engine manufacturer. Interest from waste recycling companies. Working on a large standalone unit. 300kW
8 Jun 2020 European partner soon able to re-assist testing boiler. Ongoing discussions with marine PARTNER to adapt Charger engine to 2 of their engines. Over 50% compatible meaning considerable reduction in research and development time
14 Aug 2020 Chris Heminway (6%) considering GM Requisition https://www.rns-pdf.londonstockexchange.com/rns/2323W_1-2020-8-14.pdf
24 Aug 2020 Letter issued to Shareholders by 6.5% Holder https://www.rns-pdf.londonstockexchange.com/rns/0072X_1-2020-8-24.pdf

@MLQ - I've got no worries about us finding a slot following the upgrades to the port. What'll be interesting is if we ship more than 45kt a go taking advantage of this new capability and bringing down costs. I presume the scoping study will include the additional profitability that it will bring to the project if we are also able to ship up to 70kt from our rehabilitated port. ;-)

I'm personally amazed people are selling so close to potentially company defining news. I presume the opportunity of making a quick buck elsewhere is just too tempting!

If no news tomorrow, it must be good odds now we'll hear something next week! Although in some minds an increasingly long gap between news means that the probability of news on any given day actually decreases with time. And I can sort of understand that logic! If I squint. I suppose it depends on what the news is, and whether it is in your control: Is the immediacy of @Kiran's "imminent" increasing or decreasing? I don't know!!! One for @Frankie to ponder. ;-)

Ob.

O:-)

LoL @Isb. Did you really just share a link in which the key argument around safety drivers was addressed only a few month later as I pointed out in the wiki page? Are you trying to make me laugh!? ;-)

"Autonomous cars are more than a decade away." I still can't stop LoL'ing. I have these discussions a lot, and I just don't have the time or inclination on here to explain just how wrong that statement is. Well it is right in some sense I suppose, they are a decade away, last decade! :-) DYOR. Seriously. Do it. I'm trolling, but uneducated statements like that deserve it IMHO.

https://en.wikipedia.org/wiki/Waymo
===[
As of November 2019, Waymo offered the only commercial self-driving car service that operated fully autonomously, without safety backup drivers in the vehicle
]===

"Autonomous cars are more than a decade away." LoL, Just LoL. I think I'll leave it at that.

@oldblue. You might be better off looking through earlier posts where I gave links and more reasoning behind the logic of including an electric heating element to meet peek demand and for times when electricity is cheaper than gas. Briefly: most UK boilers are significantly over specified for residential settings - only something I recently learned. In a residential setting it's likely that a boiler would be required to provide peak power for only a small fraction of the time per year. We are likely talking double digit hours out of 8,760: a couple of percent. Consequently it is very likely that the additional capital cost to increase the size of an *mCHP* boiler does not warrant specifying it for peak. Therefore as I pointed out, some mCHP boilers have historically supplemented the mCHP boiler with a simple gas burner to meet this peak - this does not generate electricity. However, in an increasingly green world where energy is generated from intermittent renewable sources, there will be times in the day where it is actually cheaper to heat the water using electricity as an increasingly significant portion of this is generated from solar. - some time of use tariffs already go below zero at times: https://octopus.energy/agile/ . In fact curtailment is becoming increasingly common in the summer months without large batteries to store the excess energy from the Sun. If it were cheap and didn't add too much to the overall dimensions it would make sense to include a supplementary burner as well as a heating element - the system would intelligently choose the cheapest to use depending on various factors: current demand for thermal; current demand for electricity; current cost to buy/sell electricity; self-generation; etc.

Hopefully that makes it clearer! :-)

Ob.

Indeed @jimb2. Did you notice that one of the Stirling mCHP solutions had a supplementary burner to meet peak demand, as the engine itself was comparatively weak?

As I've previously highlighted it would probably now make more financial sense to include a 5-10kW heating element to meet peak demand and for when electricity is cheaper than gas, for example when the sun is shining on your, or nearby solar panels :-)

Come on JG - give us a hint you've taken this message on board! LoL. Then again, if 3.1 doesn't include this feature it can wait until version 3.2! Get something, anything to production ASAP! Also from a marketing point of view, it is useful for customers to have choice so they feel *they* have made a rational decision to spend more on version 3.2 rather than 3.1 at a cost of say ~£500 quid more to them, ~£100 quid to us. Marketing 101 ;-)

Ob.

Well, if port watching is on the agenda here's an updated satellite image of Doris from Saturday ;-)

============
Satellite links:
-------------------
IVESTOS 6/DORIS in pier 1 on 5th September
https://apps.sentinel-hub.com/eo-browser/?zoom=18&lat=-0.06071&lng=-51.16732&time=2020-09-05&preset=1_TRUE_COLOR&datasource=Sentinel-2%20L2A

High resolution, but unknown date:
https://satellites.pro/Brazil_map#-0.061670,-51.167402,19
https://what3words.com/rare.then.moats?maptype=satellite

Port links:
--------------
https://serveporto.com.br/macapa/
https://www.myshiptracking.com/ports/port-of-santana-in-br-brazil-id-6679
https://www.vesselfinder.com/ports/SANTANA-BRAZIL-3030
https://www.marinetraffic.com/en/data/?recognized_next_port_in|begins|SANTANA|recognized_next_port_in=2476
https://www.fleetmon.com/ports/santana_brsan_2955/
http://www.docasdesantana.com.br/index.php/component/content/article/13-informacoes-operacionais/programacao-de-navios/308-ano-2020

Social media:
------------------
https://www.facebook.com/docasdesantana

Some decent background from a seminar given a few weeks ago:

"Micro Combined Heat and Power (Micro CHP) Systems - Professor Hamidreza Gohari Darabkhani" (14 Aug 2020)
https://www.youtube.com/watch?v=_MpnXTJe6tw
===[
Staffordshire University
Combined Heat and Power at the micro-scale is seen as one of the best solutions in improving combined efficiencies of heat and power generation systems and to reduce emissions in smart cities. In this webinar four major Micro CHP prime movers will be evaluated in terms of their performance, available products and their current state of the art technologies.

Delivered by Professor Hamidreza Gohari Darabkhani, Professor of Low Carbon & Renewable Energy Systems at Staffordshire University
]===

You might pick up on one of the metrics he uses for comparison purposes: the capital cost per kWe. If we have managed over 6kWe for less than £12k, that's less than £2,000/kWe which is less than the best £2,700/kWe he mentions on the slide 20 minutes in. At the projected likely costs of < £4k per unit, we are looking at a metric four times better than the competition. :-)))

Ob.

Another great listen, from Howard's business partner. Much more up my street once it got going - technical details always welcome. ;-) He covers BCN quite favourably later on - sure there is risk, but with Ganfeng on board... :-)))

"Rodney Hooper #01 - Investing Basics for Lithium: What to Focus On" (11 Aug 2020)
https://www.youtube.com/watch?v=Mj_LhpSxAYM
===[
00:00 - Introduction
2:06 - Coping with COVID-19: Bans and Society
5:08 - Rodney's Background
8:17 - Back to Basics: In-Depth Look at Lithium
14:04 - Size of Market and Implications for Growth
15:02 - Know What Good Looks Like: Criteria for Success
22:18 - Cost Structures for Different Types of Lithium
26:02 - Do Your Homework: Where Does Value Lie?
28:24 - Misunderstood Clay: Young Tech and Possibilities
34:59 - Nickel's Role in the EV Thematic
]===

The news has certainly upped my de-risk point a few pennies into the low 20's on the current status quo - post more (good!) news and this'll no doubt rise, meaning I'll be buying more strongly when I can at these prices in the following week or two pre-news ;-) I wonder if we'll hear before we get to 20% or after we get to 20% that we are considering shipping 70kt at a time, up from 45kt, substantially reducing shipping costs? I also wonder if we could reduce the time to ship all the ore, or is the bottleneck elsewhere? e.g. in private dock to public dock transportation? I also wonder if I should stfu until I've followed through? LoL! ;-)

Wow @MLQ. Great news, and much sooner than I was expecting based on what we'd researched previously! Presumably this means we'll almost certainly be rehabilitating our private port with Panamax capabilities in mind? :-))))

For BCN, yes, likely a bit of a shocker longer term if Mexico decide to nationalise Sonora. And the same for us longer term too. However, short term for us it'll depend on how the government decides upon a fair value. If the compensation is proportional to the resources and reserves, and they decide to appropriate Sonora for say $100m (pitifully low IMHO, but not unreasonable based on the current market cap) then we should be inline to receive something like $15-20m based on those measures.

Thanks for highlighting this @Barksy. Definitely worth taking a watch of both of these. If we pull off Amapa followed by BCN announcing an increase from 35ktpa to 50ktpa and beyond, I don't think I'll be able to contain my excitement! :-)))

"Howard Klein #01 - You Need To Know THIS About Lithium" (14 Jun 2020)
https://www.youtube.com/watch?v=88w65pYxKxw
===[
00:00 - Introduction
2:22 - Howard's Background and Expertise and a Look at Lithium Market's Recent History
5:41 - EV Revolution: What Should Investors Focus On?
8:02 - COVID-19's Impact on Timing and Buying Behaviour: How Severe Could Delays Be?
11:45 - Lithium Companies (Not) Getting Financed: Looking at the Bigger Picture
19:13 - Everything Lithium: Peculiarities of Lithium Types, How They Affect Investment Decisions, and Jurisdictions to Keep an Eye On
27:42 - Future Demand for New Lithium Plants: Is it Time to Panic Yet? Who's to Build Them?
]===

"Howard Klein #02 - Lithium Gaining Traction in US" (4 Sep 2020)
https://www.youtube.com/watch?v=6ZFyqau3xeg
===[
00:00 - Introduction
3:34 - General Sentiments on Lithium: Does Anyone Care?
10:33 - Lithium Hydroxide Companies: Ignore the Rest?
18:13 - Getting Financed: Options for Lithium Companies
27:05 - The Mysteries of Lithium Clay: Which Companies Can Solve it?
32:51 - DLE: What is That?
38:35 - Navigating the Market as an Investor: What to Look for?
]===

and for those that don't realise: KDNC has 839kt of LCE *mineral reserves* in Sonora attributable to it.

https://www.cadenceminerals.com/projects/sonora-lithium-project/

The lithium price will turn, perhaps shortly after battery day - assuming Elon doesn't announce a battery that no longer requires lithium! ;-)

Ob.

Anyone remember if this ship was in port when I first shared the what 3 words link, or have they (google) updated their images recently?

https://what3words.com/prefer.riddle.prone?maptype=satellite

To celebrate confirmation that pier two can also cater for handymax sized vessels of up to 220m I thought I'd do a port watching update ;-)

============
Satellite links:
----------------
Both piers used on 31st August (IVESTOS 6/DORIS in pier 1)
https://apps.sentinel-hub.com/eo-browser/?zoom=18&lat=-0.06071&lng=-51.16732&time=2020-08-31&preset=1_TRUE_COLOR&datasource=Sentinel-2%20L2A

High resolution, but unknown date:
https://satellites.pro/Brazil_map#-0.061670,-51.167402,19
https://what3words.com/lobster.supposed.rider?maptype=satellite

Port links:
-----------
https://serveporto.com.br/macapa/
https://www.myshiptracking.com/ports/port-of-santana-in-br-brazil-id-6679
https://www.vesselfinder.com/ports/SANTANA-BRAZIL-3030
https://www.marinetraffic.com/en/data/?recognized_next_port_in|begins|SANTANA|recognized_next_port_in=2476
https://www.fleetmon.com/ports/santana_brsan_2955/
http://www.docasdesantana.com.br/index.php/component/content/article/13-informacoes-operacionais/programacao-de-navios/308-ano-2020

@MLQ That's great news! I've always suspected that pier 2 could also handle large ships from the historical satellite images we've seen in busy periods. Your post encouraged me to verify this by looking back through the log at:

http://www.docasdesantana.com.br

and you'll see that REGNO MARINUS docked in pier 2 in March 2016, which is 46,148t and 210m long.

Game on! :-)))

@MB. If my understanding around an agreement in principle is correct, it usually means that subsequent to this milestone if one party is determined for the agreement to go through, with reasonable capitulation, then they will make it happen. If we are that party then if I were the BoD, and I was able to, I would pawn/sell pretty much everything we hold to buy KDNC shares at the current price into treasury. Probably best I don't run KDNC eh? ;-) LoL!

The point is that as soon as we are able to prove we can ship the ore, and ideally have the 20% in the bag, we should be able to forward sell pretty much all of our iron ore stock pile above $90/t via off take agreement ;-) But I'm getting ahead of myself...