Member Info for observer842

Maybe a market maker balancing books from earlier? Reporting the time incorrectly?

Is anyone able to explain this last trade?

https://www.lse.co.uk/ShareTrades.asp?shareprice=KDNC&share=Cadence-Mineral
===[
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
02-Sep-20 16:34:23 13.75 25,000 Buy* 13.20 13.40 3,438 O
]===

It's not marked as an uncrossing trade (UT), so presumably isn't as a result of an auction. Or are pre and post-market auctions not marked with UT any more? Or have they never been? I have a feeling I should know this. LoL! ;-)

Ob.

Something at play if you ask me. Looks too much like a suspiciously "controlled" rise. And less than 10%!? Got any theories @Dallas? It's got all the hallmarks of large orders being filled. Buy or sell? I couldn't say. Buy hopefully! Not having any of mine until into the 20's, and that's as things stand. Shipping starts; iron ore continues to rise; deal completes; that de-risk point moves off into the 30's-40's! ;-)

Prices just closed about 1.5% up in the DCE evening session :-)

Indeed @Frankie. Decent iron ore prices and decent exchange rates make this an eye-watering proposition of a project. "agreed in principle". I wonder if we are talking days or weeks until final contracts are submitted?

Looking good. Note the 65% recent high. ;-)

http://www.custeel.com/en/csi.jsp
===[
Date Seaborne index 62% Fe fines Seaborne index 65% Fe fines
2020-09-02 128.00 140.80
2020-09-01 125.70 138.30
2020-08-31 124.70 137.30
2020-08-28 123.50 135.80
2020-08-27 121.20 133.30
2020-08-26 124.00 135.30
2020-08-25 121.40 131.80
2020-08-24 124.30 134.00
2020-08-21 126.05 135.20
2020-08-20 128.25 136.20
2020-08-19 128.55 136.50
2020-08-18 127.05 134.20
2020-08-17 121.25 128.70
2020-08-14 120.65 128.40
]===

I suspect there will be some big orders the MM's are still trying to fill... We'll see if they let the share price go in the coming hours. This really is great news :-)))

@jimb. Thanks for the contribution. I used to be torn about gas heating. It seems to me that ultimately the future is clean energy generation, ideally near point of use to minimise transmission costs, coupled with local energy storage to smooth the daily peaks and seasonal demand. However that future could be decades off. In particular many countries have sunken costs in gas networks that are able to deliver significant amounts of energy, more so than existing electrical infrastructures in many cases, meaning gas almost certainly has a near to mid term (decades) future in many countries IMHO.

For those who have been following the conversation over the past decade, and as linked to by @jimb, the exponential growth of mostly solar and wind renewable energy generation has caught many by surprise. What the world could do with about now, well, in the next decade or so, is energy storage on a scale which dwarfs the total production of batteries today. Elon is on the case. However, until we get to that point, at times when there is more energy produced than demand for it, the excess can be used to create green gas, which can be comparatively easily stored in large gas storage facilities, the UK has lots of spare capacity if I recall correctly, at significantly less cost that *today's* batteries: seasonal shifting energy generated in the summer months to the winter months when heating is most needed.

From my perspective, integrating the tech with wind turbines is a more interesting proposition than anything to do with the ICE. The ICE will be dead within a decade as a result of lots of factors, primarily reducing costs and increasing energy storage densities of batteries. Of course not everyone shares this view, and it will be around longer in some industries than others, meaning licencing deals which improve its efficiency and green credentials are still possible for several years yet, until the plug is pulled on all ICE developments in practically all industries.

JG - get those licencing deals signed ASAP, weighting payments to the present! ;-)

Ob

Probably a topic for @jimb more than me, but I've researched it previously and still keep abreast of news. Here are a few links:

"The Future Of Gas" (March 31, 2019)
https://www.inspirit-energy.com/the-future-of-gas/
===[
What does that mean for microCHP technologies and for Inspirit in particular?

In fact it is probably the best possible news for us and for our technology. In the short term natural gas is the obvious fuel source to use to power a Stirling engine, with more than 80% of UK buildings connected to the gas grid. (For off gas grid buildings, we are looking at an LPG version.) Natural gas prices have dropped and are likely to remain low for the time being. Electricity is now up to 5x more expensive than gas. So a high efficiency micro combined heat and power boiler running off natural gas makes perfect sense in the short to medium term. It also means our commercial and residential customers get extraordinarily cheap electricity from their electricity generating boilers.

In the longer term, Stirling engines are supremely fuel flexible, as they are powered by heat and not directly by gas. That means that any fuel which produces heat can be used to drive a Stirling engine. The most obvious fuel is biomethane (injected into the gas grid from biodigesters dealing with food waste and farm waste) and bioLPG (for off gas grid properties). If projects such as the Leeds city gate hydrogen project take off, then our Stirling engine could be adapted to run on hydrogen. Heat from biomass and even solar heat can be used, although these are likely to be more niche applications. What this means is that renewable heat and renewable electricity can be produced at the same time at the point of use, so avoiding grid losses and making the very most of scarce renewable fuels.
]===

"Pioneering a UK hydrogen network"
https://www.h21.green/
===[
H21 is a suite of gas industry projects designed to support conversion of the UK gas networks to carry 100% hydrogen
]===

"Hydrogen-fired boiler"
https://www.worcester-bosch.co.uk/hydrogen
===[
How do hydrogen boilers work?

A hydrogen boiler, in theory, can fit into a current boiler’s physical space in the home without much disruption to the homeowner. With a similar build to existing boilers, installers will already have most skills necessary to fit these products too.

Over the last few years, leading boiler manufacturer Worcester Bosch have not only been advocating for hydrogen, but they have also developed a prototype boiler that can run on 100% hydrogen gas.

The prototype has been designed to also run effectively on natural gas. This means that in the future if hydrogen gas becomes reality, those who have a ‘hydrogen-ready’ boiler can simply convert to hydrogen without the need for an entirely new heating system.
]===

I wonder what our efficiencies are like off 100% hydrogen gas, along with the kWe to kWt ratios?

Ob.

We've been over this @Phimx. My considered opinion is that in 2016 the version of the Inspirit Charger which was being prepped for production failed accreditation. The BoD never told us this, in fact they seem only to want to tell us good news. Perhaps it's understandable if you own a large chunk of the company, but it's not great for shareholder confidence IMHO. I want to hear all news, good and bad, and frequently.

Since then we've (presumably) been working on the faults which caused it to fail, and also taken the opportunity to make manufacturing improvements related to cost and efficiency. It's impossible to say what news of accreditation of the latest 3.1 version will do to the share price - but I'm as certain as I can be it will be upwards - possibly into the low double digits market cap even? And especially so if accompanied with news related to a licencing deal, perhaps with our marine partner?

As to why a low share price might suit the BoD? Well I can think of several reasons. See my first post on INSP for the most obvious...

Ob.

Indeed @Phimx. And if it turns out that JG is able to deliver on the projections in the Align report he could be looking at 7%+ of a £100m+ company in a handful of years. ;-)

Well that's.... interesting. :-)))

https://www.greatpanther.com/operations/producing-mines/tucano-mine/
https://www.greatpanther.com/_resources/pdf/Tucano-NI-43-101-Dec-31-2019.pdf

Nice links @MLQ, especially the ore at the rail port, but note the mine is only the bottom area you have linked to, not the one at the top - that is the Tucano gold mine:

https://www.anglopacificgroup.com/royalties/amapa-tucano/

@tomcat. What evidence do you have that the ship currently in port will be taking our ore?

Note this:

"Flag of Liberia - IVESTOS 6"
https://www.fleetmon.com/vessels/ivestos-6_9342839_44122/
===[
Cargo Agricultural Commodities
]===

Interestingly according to:

https://serveporto.com.br/macapa/

it is will be/was carrying 25kt of Soya, yet according to:

https://www.vesselfinder.com/vessels/IVESTOS-6-IMO-9342839-MMSI-636020108

its gross tonnage is 40kt. This isn't far off the tonnage we have been told will be taking our ore (45kt), but sufficiently different I'd say given we've seen plenty of cargo ships which are 45kt.

But it's certainly possible! Though according to the ruling we saw in the week shipping was suspended...

Ob.

For what it's worth @Phimx, my understanding is that our Polish partners *are* the European company/European engineering group that will be carrying out testing and certification when the unit is approved for production. My belief is that the BoD's lack of attention to detail resulted in them leaving the following paragraph in the interim's, which first appeared verbatim in the previous year's where it made sense following the initial announcement related to this on 28 December 2018.

"Half-year Report" (30th Mar 2020)
https://www.lse.co.uk/rns/INSP/half-year-report-pqwjduey1e2vcwn.html
===[
The Group has continued discussions with a European company that may carry out the certification process, with the new cheaper but robust material employed in the latest model, and advanced manufacturing processes as and when the product is approved for production.
]===

There is no mention of this in the end of year accounts on 23rd Dec 2019, just excuses for further delays to the certification process that we were already aware of. Perhaps it is technically the case that we are still in discussions with our Polish partner, or perhaps another company, for this aspect, but the main point of interest, and unlikely a coincidence in my view, is the move of our facilities to our Polish partner's facilities the month following when that paragraph first appeared:

"Product Update" (26th Apr 2019 )
https://www.lse.co.uk/rns/INSP/product-update-wokuuge4igv0i2t.html
===[
The Company is in the process of moving its facility from Sheffield to Glogów malopolskiin Poland, in collaboration with a European engineering group.
]===

Perhaps they are stringing us along, leading us to join the dots inappropriately? On balance, I'd say probably not. IMHO we have a Polish partner which is part of a larger European engineering group, and if you are so inclined you could have a reasonable guess or two at which of the companies in the Glogów Malopolski area, likely near the airport, it may be.

Why they haven't given us the name is anybody's guess. But one thing is for sure, it's certainly in keeping with the BoD's MO!

As to a product you can buy this year? Not a chance IMHO. If there ever was a chance, Covid put an end to that! A company with attention to detail, who wanted to be true to their shareholders and future customers would acknowledge this, if not by RNS, but by updating the website to change expected production launch from 2020 to 2021, now, not in 2021!

It's worth noting that in the same way that grammatical errors and typos in a document do not necessarily mean the core message can not be believed, a company that has terrible attention to detail and is bad at communicating with its shareholders doesn't necessarily mean what messages it does communicate can not be believed, or that the company is going to the wall. However, neither instil confidence!

Ob.

@Phimx. I can't remember if you are invested here - and it doesn't really matter as we can have, and have had worthwhile discussions regardless (I too may or may not be invested!), but AIM dynamics do interest me: the thought processes of others, their behaviours, what risks they are willing to take, what drives prices down, up, sideways. The role of market makers, placings, CLNs, warrants, etc. etc. e.g. if you aren't invested, what would it take for you to consider investing, and how you'd value the company on that news, and what would you rate your chances of buying any decent chunk from existing shareholders exposed to the same news on that day?

If I'd been invested here since 2014 when the share price was over 1p, and concrete news finally, yes finally landed, I just couldn't see myself letting anyone in anywhere near the current share price, sure I might de-risk a little, but not a lot until I'd multi-bagged towards the new valuations. It's the gamble some are willing to take, the opportunity cost of continuing to average down and waiting, patiently waiting, that the company has something worth investing in, and that one day, news will land that makes it all worthwhile. Some will see it as wishful thinking, but I've been around AIM long enough to know if you choose the right companies, wishes can come true. LoL! Is this one of those companies? Hard to say! ;-)

AIM is nothing but boring; it's fascinating for sure!

Ob.

Also, it seems very unlikely that one of the managerial directors could be working on "a large standalone unit which will produce over 300 Kw".

Paul sounded optimistic back in November:

"Update on product application and the mCHP Boiler" (13th Nov 2019)
https://www.lse.co.uk/rns/INSP/update-on-product-application-and-the-mchp-boiler-olibj62bboje70e.html
===[
Paul Booker -Design & Development Director comments as follows:

"Inspirit Energy is at a pivotal point in its direction as an R&D company. The development of the Charger with an output of over 6 kW has been a long journey but has been well worth the effort. In the development of the charger, the Inspirit team identified a large range of applications and industry's where our core technology could transpose into and this makes the next phase of Inspirit's development very exciting to be a part off.

The journey with Inspirit has not been as straight forward as we would have liked, but we have learned so much and developed a technology which has many diverse applications. Its core attributes are that it can run on many different fuel types and be incorporated into a variety of applications and industries"
]===

I'd like to know if he has bought any shares, and if not, why not? Previously I believed he would have to declare, now I think this isn't the case - well below the normal 3% limit (and crossing each 1% threshold above that) that is!

Ob.

Also, according to his linked in: "May 2013 – Present 7 years 4 months"

@Phimx. If it helps put your mind at ease, you'll notice that "Booker" has never appeared in the accounts as a director as far as I can see (I checked the last 3, there are various sections, search on the names of the other directors), yet he was with the company in November 2019's RNS. And was implied to be still with the company in March 2020. But admittedly they could have been pulling a fast one there: "Design and Development Director Statement and outlook". If he had left someone else could have taken over the role, one of the existing directors even. I think if that is the case then that would shine very badly on the company, as without notification of change of role a reasonable person would conclude that the "Design and Development Director" of INSP is "Paul Booker". One to add to the case file CH? ;-)