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I can agree with most of that @Bannor! Personally I'll decide at the time whether 2p and beyond is achievable on decent timescales if and when we hit 1p, not today - but I respect your hard get-out target regardless of whether the near term possibility of 2p and beyond is on the table at that time - everyone has a different investment strategy! ;-) Ob

I've no idea about the timescales @BrownAdder! What we know is that a few years back it seemed we were on the cusp of something world beating and then we hit a brick wall and the company went silent on the PR front. In the absence of official information I can only surmise that we either spotted a flaw which would have prevented accreditation before we attempted it, or we outright failed the accreditation process, to what degree I don't know. Other possibilities are available, especially when you consider the accusations of fraud over on the FLOW board regarding their (failed!) mCHP. But leaving aside the possibility of foul play (for now!) we've had two years since the summer of 2016 to fix whatever went wrong, and in the process have increased the peak electrical output of the boiler to 3.2kWe and reduced manufacturing costs by substituting for a cheaper material - whilst maintaining the increased 3.2kWe. So optimistically it could be that the clock was paused for 2 years and we are now about to resume our journey where we left off, in which case it's worth reading through old news and PR releases from 2-4 years ago - as @stag1974 is clearly doing! Or pessimistically it could be another few years of waiting. With the formation of our new consultancy subsidiary in February (still unannounced!) and the recent fund raise (over half a million!) it's hard to say which. On the optimistic side of the coin it could be that we've let someone in on the cheap who's given us the nod that they will be willing to help fund us to production, and we are also intending to help organically fund via proceeds from the new consultancy subsidiary. Pessimistically the new subsidiary was formed to tide us over the next few years whilst we continue to develop the mCHP, and the fund raising was from someone confident they can play the retail PI's for a decent percentage return over the coming months/year. You'll see from the above I'm happy to look at both sides of the coin being both a holder and (weak) buyer below 0.07p. Of course on the right news I might be happy to Strongly Buy well above 0.07p - but as things stand, on no further news (announced or otherwise!) I'm not intending to buy above 0.07p ;-) Ob.

@maidit308. You've probably figured it out by now, but if the RNS was unclear to you perhaps the circular might be clearer: https://www.inspirit-energy.com/investors/financial-information https://www.inspirit-energy.com/uploads/results_reports_presentations/1526636641-c0d7b7734b4cadde1/Inspirit%20Energy%20Holdings%20Plc%20-Notice%20of%20General%20Meeting%20issued%20on%2018%20May%202018.pdf "PROPOSED CAPITAL REORGANISATION AUTHORITY TO ALLOT SHARES AND DISAPPLICATION OF PRE-EMPTION RIGHTS and NOTICE OF GENERAL MEETING" (18 May 2018) ===[ �New Ordinary Shares� the ordinary shares of 0.001 pence each in the capital of the Company to be created following the Sub-Division ... It is proposed that each Existing Ordinary Share of 0.1 pence each in the capital of the Company be sub-divided into 1 New Ordinary Shares of 0.001 pence each and 1 B Deferred Share of 0.099 pence each (�Capital Reorganisation�). This will result in 1,420,806,859 New Ordinary Shares and 1,420,806,859 B Deferred Shares being in issue immediately following the Sub-Division. ]=== It's still slightly ambiguous whether JG can convert whilst above 29.9%, but I think on balance it's fair to interpret the below that he'll either have to sell first (unlikely!) or wait until the shares in issue dilute him below 29.9%. ===[ conversion of the Series A Convertible Loan Notes and Series B Convertible Loan Notes is subject to a restriction that no conversion shall take place in circumstances where as a result of the conversion the Noteholder would own more than 29.9% of the issued share capital of the Company or otherwise trigger a requirement for the Noteholder to make a general offer for the Company pursuant to Rule 9 of the Takeover Code ]=== It's a thumbs up for all the resolutions from me and a partial pat on the back to the BoD for raising over half a million. If they would have managed to raise above 0.1p it would have been a full pat on the back - but of course this is still possible! ;-) Ob.

@tomcat. If someone pays $11,000 in year 1 of production, and year 1 of production is in 2020/1 you need to discount that 11,000 by 2 or 3 years to get the present value of that today. e.g. at a 3 year discount @8%: $11,000 * 0.92^3 = $8,566 Ob.

And that is your opinion @Bannor! ;-) It's clear to me now that at least part of the "unnecessary debt" was vital to prevent the re-domicile to protect the economic value of our Sonora JV's. @Kiran spelt it out in the most recent seminar which I have transcribed below: "Live Webinar" (Wednesday 25 April 2018) http://webcasting.brrmedia.co.uk/broadcast/5acf1ed05a296618f1792506/5ae054e6715af0844c00007e ===[ @ 33:13-35:33 So Kiran I've got a question from Ken Macintyre. How and when does the board intend to monetise the Sonora Joint Venture areas for the benefit of long term shareholders. So the first thing to do to monetise it is to have a contract which reflects, so we have a JV contract which is an exploration contract. So I've spoken about to various people about, we are in the process of ensuring that that contract is something that is a solid contract in terms of an operating company, you have the JV contract which is really about exploration contributing, and now there is a new contract which is a shareholders agreement, which we're developing and working with Bacanora, to put in place safety measures and ensuring that it protects our economic interest. Once we have that you can justifiably say well there is an economic valuation based on this contract which protects our economic interests. And that is what was missing when they originally did the readmission, and what we asked for so we voted against the readmission. This time we voted in favour because of course that had been progressed and we progressed that sufficiently to agree with the readmission. So, when we going to monetise it? I think there is a limited trade sale basis which is ultimately to Bacanora. In the contract beforehand they always had first right of refusal, so if we do get an offer they would have a first right of refusal anyhow on it. So I think the monetisation on that will either come, well it will come I think much later, much later, it's not going to be in the next 3 or 4 months or 1 year. The monetisation will either be realised once Bacanora gets the funding, starts construction and then the value of that JV because it's secure on a good contract can be reflected in our market cap, as I've said, around the 30 million dollar mark, and that's where I think where we will see probably in the shorter term where we will see it affecting the share price rather than a straight out trade and sale. ]=== I'm happy to agree that not all of the debt was strictly necessary though! ;-) Ob.

This bullet point from the talk made me chuckle: "Review of M-CHP technology for commercial and residential buildings Nick Stevenson Inspirit Energy Ltd" (12 Apr 2018) http://www.cibse.org/papers2018 (session 4 folder) ===[ However, some stirlingengine based m-CHP appliances offer a �sealed for life�, and therefore maintenance free, generator modules. ]=== I just can't think what he might be referring to ;-)

I posted a link to the talk a few days back: "Review of M-CHP technology for commercial and residential buildings Nick Stevenson Inspirit Energy Ltd" (12 Apr 2018) http://www.cibse.org/papers2018 (session 4 folder) ===[ m-CHP as a 'add-on' to conventional boilers is a viable market to start ]===

The spread's a joke at the moment (probably because filling a large order). Wouldn't surprise me to see us top of the risers board with one trade! ;-)

Indeed! What did you make of the Inspirit Presentation at CIBSE 2018? The commercial opportunities for an electricity generating flue gas heat recovery unit has got me excited! ;-)

I don't know about time telling @stag1974 - seems like the clock has been stuck at a minute to midnight the past few years with this share! I'm still quite optimistic though, and my thoughts on the share price are still inline with that I thought might happen a few weeks back. I'm guessing there is a big buy in the background given the current "situation" with this share ;-)

All look in line with the original announcement a fortnight ago. So it looks like the fund raising is going ahead as planned. In the back of my mind I still had a nagging doubt they would say "the share price is currently 0.0475p therefore we've reduce the minimum conversion price from 0.07p to 0.05p". But great. They resisted the temptation! The current share price is based on the thinnest of volumes. As soon as the buyers returns it'll be gone in a flash, but until then it's as shame there hasn't been more selling to enable those willing to buy below low to accumulate more... ;-)

Tell us about it! "Julie Bishop goes in to bat for Aussie miners in Argentina" (18 May 18) https://stockhead.com.au/resources/julie-bishop-goes-in-to-bat-for-aussie-miners-in-argentina/ ===[ Permitting issues Besides the economic uncertainty, some miners in the region are facing permitting issues. Chris Gale, boss of lithium player Latin Resources (ASX:LRS), told the Latin America Down Under conference that while the company has had no problems in the Argentinean regions of Catamarca, Salta and San Juan, it is dealing with permitting challenges in San Louis. �One of the challenges we have in San Louis is getting our permits granted to move through into a drilling phase,� he said. �We need to get San Louis to be a wonderful jurisdiction to do mining and we�ve got some challenges there that we�re dealing with.� ... Next large lithium province The consensus is that Argentina could be the next major lithium province. Mr Gale believes Latin Resources� Geminis and Don Gregorio deposit in San Luis could rival the large Greenbushes deposit in Western Australia. �I�m not calling this another potential Greenbushes, but I think it is going to be another potential Greenbushes,� he said. ]===

It's worth keeping an eye on what is unfolding: "Here are 13 Argentina-focused miners that could win under a new government plan" (17 May 18) https://stockhead.com.au/resources/these-argentina-focused-miners-are-about-to-get-a-lot-more-certainty/ ===[ Dark Horse Resources (ASX:DHR) boss David Mason believes Argentina could be the next large lithium spodumene province globally. �I think generally in this part of central Argentina that there�s going to be some very, very significant discoveries,� he told investors at the conference. ]=== If the deal is signed today it should be one step closer for the permits across the region to be granted in the coming days/weeks. https://www.latinamericadownunder.com/

From our recent CIBSE presentation: "Review of M-CHP technology for commercial and residential buildings Nick Stevenson Inspirit Energy Ltd" (12 Apr 2018) http://www.cibse.org/papers2018 (session 4 folder) ===[ m-CHP as a �add-on� to conventional boilers is a viable market to start ]=== I presume we have in mind something which could replace or at least sit alongside the market for flue gas heat recovery units? i.e. something which might compete with this: "Flue Gas Heat Recovery Unit overview" https://www.worcester-bosch.co.uk/professional/products/accessories/flue-gas-heat-recovery-unit ===[ The unit is connected directly to the flue of the Greenstar boiler. Its highly efficient plate heat exchanger extracts residual energy from the flue gases exiting from the boiler. This energy is then used to pre-warm the water that is fed into the combi boiler reducing the amount of gas required to reach the desired hot water temperature. ]=== It's an interesting proposition I haven't heard of before! I wonder if we are developing this product on the hush? If so I can imagine the pay back times if we can get the cost down sufficiently could be quite attractive! It'll be significantly easier to certify too. ;-) What do you think @Si90? Ob.

;-) @Bannor.

I doubt we'd make any move that the BoD didn't think would achieve a share price of greater than 2.18p for sufficient time for them to get their freebies. And that is both good news and bad news. We need a stronger hand, and IMHO that is where San Luis comes in. If that plays out well on the necessary timescales we won't have to accept *any* offer that takes us over 2.18p, as we are then more able to accept the *best* offer - which doesn't necessarily strip us of all assets. IMHO. Of course you won't care @Bannor as we'll be over a 1p ;-)

Don't be ridiculous @JackbNimble. Next you'll be suggesting the warrants and options would remain unconsolidated as part of any consolidation: which we don't need just yet. Of course as part of a move to the main listing whilst bringing DL back as our glorious leader is another matter altogether. ;-)

IMHO �80m would see this share price break through 2p on hype and hope that we could bring the others to fruition. My gut says around half that would get us over 1p, perhaps less - it's how AIM works ;-)

So how much does that equate to? How much do you think JV1 would need to go for to get the share price over 1p in practice?

How much are you willing to accept for the whole of JV1 @Bannor? We know it is potentially worth a fortune to us - we also know that our BoD have a very strong incentive to, for all intense and purposes, let *all* of KDNC go for whatever it takes to take our share price over their upper 2.18p targets... i.e. possibly a ten bagger from here, but it could be so much more if there is competition for what we have - otherwise it'll go for whatever it takes... IMHO ;-)