Member Info for observer842

How rude @addicknt! ;-) Surely a coincidence... Which part of his "tosh" do you take issue with?

Is anyone able to confirm that should we want to raise more funds from a placing of shares then, in the absence of a major structural reorganisation, the minimum we can raise at is 0.1p per share? If so, this would align with that predicted here: "News from the Boiler Room - �300k placing at 0.12p, conditional on GM at Inspirit" (Wednesday 16 August 2017) === Whatever, one thing is for sure: they�ll be back for more. 0.1p next time? === Whilst I'm asking questions - does anyone how this is progressing? "Collaboration Agreement with the CIBSE" (16 August 2016) http://inspirit-energy.com/investors/rns-news-detail?id=6xl7o7r === The CIBSE will commence the project immediately, providing project management, execution and implementation in order to gather the data necessary to produce a report. Inspirit will provide access to its field trial data as well as offering technical and commercial guidance. It is expected that the final report will be published by the end of 2017. === Has the report been published? If not, odds on it being published by the end of the year? And if it isn't, will we get an update on its progress and estimated delivery date? I dream... ;-) Great buying opportunity at below par? Or as @Fallingknife would say: beyond investible? One thing is for sure, shareholders have certainly been kept mostly in the dark the past year! - to the benefit of who though? No one is stealing my shares. ;-) Ob

What's with the flurry of trades in the last 5 minutes? Suspicious!

Good job we are focusing on commercial and not residential... "Heat in Buildings - The Future of Heat" (12 October 2017) https://www.gov.uk/government/consultations/heat-in-buildings-the-future-of-heat I presume our maximum efficiency is still 91%, no idea about the (seasonal?) EpR rating though, presumably less than this. If only we had some trial data...? Question is, does this ruling apply to our tech? I presume it does: but there are a few caveats in that document which might exclude us - and it really should exclude us if those setting the rules have their heads screwed on the right way. If only there were a way for our BoD to communicate the impacts of this decision on INSP to the market in a timely manner. I knew on Thursday, but did I sell? No. Others would have on the back of this no doubt... Boom or bust? Come on John Gunn, get that proverbial hat off your head and have a good rummage round for the rabbit, I'm sure it's there somewhere! ;-) Ob.

You could try asking John Gunn, he might know. Good luck with that though - we are being kept well and truly in the dark on this one. To steal our shares or because the company is going under? No idea. I'm gambling on the former as the reward if true is humongous. ;-)

Anyone know why we issued a Total Voting Rights statement today? There has been no change that I can see since that announced at the end of the previous RNS: "Results of the General Meeting. Placing update. Director's dealings. TVR" (06 September 2017) http://www.inspirit-energy.com/investors/rns-news-detail?id=w0e4p8r === Following Admission of the Placing Shares and Director's Shares, the Company will then have 1,420,806,857 Ordinary Shares in issue with voting rights and admitted to trading on AIM. This figure may then be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. === Maybe that paragraph was deemed insufficient notification, or too buried away - perhaps implying we are getting our affairs in order for the (imminent?) announcement of the next chapter of INSP, whatever that may be! ;-) === The installation can be of single or multiple configuration and its high operating efficiency together with the off-set of electricity costs provides a very attractive investment payback proposition. === Lots of upside here if we can make some visible *believable* progress. An increase of efficiency from 3 to 3.2kW is believable, but doesn't mean anything if the market sees milestone after milestone missed. The CIBSE report is due by year end. Will it be published on time? Will it show we are onto a winner? "Collaboration Agreement with the CIBSE" (16 August 2016) http://www.inspirit-energy.com/investors/rns-news-detail?id=6xl7o7r === The CIBSE will commence the project immediately, providing project management, execution and implementation in order to gather the data necessary to produce a report. Inspirit will provide access to its field trial data as well as offering technical and commercial guidance. It is expected that the final report will be published by the end of 2017. === Ob

Cheers @Wenglishboy. Best I could find is from this slightly dated presentation: "Towards Subsidy Free Fuel Cells" (17th December 2013) http://www.h2fcsupergen.com/wp-content/uploads/2014/01/Towards-Subsidy-Free-Fuel-Cells-Dr-Mark-Selby-Ceres-Power.pdf === Cost drivers suggest that $500 per kW stack is achievable in volume ===

You have a point @graham-wales for residential settings, and the reason why flow's boiler appears doomed to failure with such low power generation in use for so little time. However, if you read the link corresponding to the pay back times I gave, the Inspirit Charger's target market is commercial where upwards of 7,000 hours per year is certainly feasible in various commercial environments, especially when used as a lead boiler in a multi-boiler configuration. Having said that I certainly wouldn't be so rash as to discount all mCHP generation in a residential environment. Depends on upfront costs and gas to electricity pricing ratios, amongst other aspects such as perceived reduced pollution and carbon dioxide emissions.

Anyone know how much for a unit which saves £400 a year (as stated in the RNS)? Today's cost to build, cost to sell, and that expected in two or three years down the line? Are we talking £2,000, £5,000 or £10,000? i.e. what are the perceived pay-back times?

Might be worth taking a read through some of the reports here: http://enefield.eu/category/news/reports/ Here is a particularly negative paragraph on fuel cells: "ene.field Field Support Reports: Review of lessons learnt" (08/08/2016) http://enefield.eu/news/ene-field-field-support-reports-review-of-lessons-learnt/ === The utilities all highlight the cost and the timing of payback as affecting the market introduction of FC micro‐CHPs very negatively. === Too expensive with long pay back times. Inspirit Charger targeted at commercial? Easily affordable with quite short payback times: "On the cusp of cogeneration commercialisation & trading at a fraction of replacement IP cost" (13th June 2016) http://www.alignresearch.co.uk/wp-content/uploads/2016/06/Inspirit-Energy-Align-Research-13th-June-2016-Final.pdf === Smaller commercial - without FiTs Electricity output 3kW (now 3.2kW) First year saving £2,082 Installed price £11,500 Payback (years) 4.9 === Installed price drops to £4,500 by around year 2/3 of production. According to the CWR RNS yesterday: "Ceres Power announces successful SteelCellT trial" (25 September 2017) http://www.lse.co.uk/share-regulatory-news.asp?shareprice=CWR&ArticleCode=t6aoop7t&ArticleHeadline=Ceres_Power_announces_successful_SteelCellT_trial === The trials illustrated that UK consumers could expect savings of around £400 per year on their energy bills by taking advantage of the ability of the SteelCell™ to provide the majority of their power and all of their hot water. === I have been unable to find the expected cost and sale price for a unit which saves around £400 per year (a fifth of that expected from the Inspirit Charger) Ob.

The way I see it, we are comparing a ~20kWt+e (thermal plus electric) Stirling Engine vs ~2kWt+e Fuel Cell for similar price: an order of magnitude difference in the power output. *If* the Inspirit Charger were on the market today and performed as expected, we wouldn't be able to keep up with demand from the commercial sector. That is of course a very big if. Perhaps I'm biased as long term I'm not a big fan of fool cells - the future is Solar/Wind + Battery Storage with some gas for heating during the transition period where the infrastructure exists - not gas as a primary electricity transportation then generation medium with a large heat by-product - useful in the winter months, less so in the summer ones. Overall energy cycle prefers the former long term. The Inspirit Charger is heat led with a by-product of electricity - not the other way round. 20kW in; 15kWt (75%) + 3.2kWe (16%) and 1.8kW (9%) loss out. Fuel cells are somewhere in the range 40-60% i.e. approximately 50% thermal and 50% electric, meaning if you want electricity you have to use or store the thermal perhaps implying that these too in practice will be heat led for properties without thermal storage capabilities. I could go into more details, but what we could really do with is a blog post comparing the CWR SteelCell technology SOFC with that of the Inspirit Charger. Including an economic analysis. http://www.inspirit-energy.com/story/blog-inspirit-uncovered Perhaps it'll come, when, if, a higher share price suits us... CWR market cap: £140m. INSP market cap: £1.5m. I think I know which company has more potential upside from here. It's a gamble of course! ;-) Ob.

@Shadow51. I'm not sure if we still have a relationship with Enertek of Hull - but we certainly used to! ps. welcome to LSE & INSP! ;-)

Looks like our sign is still over the door: https://www.google.co.uk/maps/@53.3335448,-1.3371597,42a,35y,80.39h,39.58t/data=!3m1!1e3 Presumably our key staff are working busily inside? We've raised a fair bit of funds recently which will go a long way towards finalising the accreditation process, and setting us on the path towards production. It's certainly a tempting buy in price at the moment! ;-) Take a read of page 1 and 2 of the interim's published end of March for some positive views of our progress. Delays are of course inevitable. Unfortunately for INSP JG seems to be overly optimistic to an extent that what is said now doesn't seem to influence the share price anymore, no matter how potentially beneficial to the company medium to long term. With a cynical hat on this might suit both him and the company just fine at this stage, his thinking perhaps along the lines of "I told the market what's what - it didn't believe me, making fund raising all that more easy (for a larger share of the company) and for me to join in on the cheap: its loss"... Of course once you recognise this might be the play, it becomes all the more attractive and tempting to buy alongside any placing. Just need to recognise when the rally is real rather than manufactured! A good old classic AIM gamble... ;-) Regardless of trying to play the AIM game, I do think the Inspirit Charger has a place in the market - and believe we've got a fighting chance of becoming a world leader in time: hopefully before the world is weaned off gas! I wouldn't be posting here if I didn't believe. ;-) Speed of progress is disappointing: but the rewards still far outweigh the risks at this particular moment as far as I'm concerned. I don't particularly like the silence, but presume this will change in time - no-one can say JG hasn't put his money where his mouth is on this one and he'll want a good return on his investment at some point! ;-) Ob

Did you ever take a look at how the Inspirit Charger compares with the Flow boiler? In particular the pay back times? The pay back times of the Charger blow the Flow boiler payback times out of the water IIRC. We are talking less than 5 years *without* FiTs for small commercial - where the upfront costs are largely irrelevant if you can see a clear profit within such a short time and have access to financing. No brainer really - *If* it works. *If* it makes production. *If* the pay back estimate pans out and the life of product sufficiently longer than this. No brainer...

@graham-wales. I see you appear to be back in flow. How's their boiler going? How does it compare with our 3.2kWe, 15kWt output off 20kW input @91% efficiency? INSP may not pan out, but if it does it'll be a matter of selling to the highest bidder or JV'ing with an incumbent to production IMHO. Does anyone think the CIBSE report will be published and we'll get sight of it before year end? "Collaboration Agreement with the CIBSE" (16 August 2016) http://www.inspirit-energy.com/investors/rns-news-detail?id=6xl7o7r === The CIBSE will commence the project immediately, providing project management, execution and implementation in order to gather the data necessary to produce a report. Inspirit will provide access to its field trial data as well as offering technical and commercial guidance. It is expected that the final report will be published by the end of 2017. ===

Perhaps we have some Asian investors amongst those declared above 3%? I wonder if DL still believes 2017 will be the year of INSP as he tweeted in January? @DavidLenigas 9:43 am - 4 Jan 2017 === I predict this will be the year for Inspirit Energy @inspiritenergy and it changing the world to a much better greener place. Less CO2. === Delays happen. 2018? ;-)

Not much to say @Fallingknife. Little point in selling, so back to waiting for news on the hope the Charger makes it to market this decade by us or a buyout. It's a gamble I'm willing to take and prepared to lose. I might even add a little more at these prices... ;-) A placing at 0.12p compared to the previous placing at 0.125p is pretty impressive - and clearly the very fact we can still raise considerable amounts demonstrates to me INSP still has legs. Will the CIBSE report be published by the end of 2017 as expected? I've heard no progress towards this milestone. If it's positive (3.2kW!) it'll turn industry heads. The trouble is, on the next leg up with volume, we'll not know if it's because someone has caught wind of positive corporate news, or because those who placed at 0.12/0.125p are cycling. AIM, AIM, AIM...! I don't know if you read what I post elsewhere, but I believe the market makers are well within their rights to move the spread to where they believe volume will take place. So if they become aware of large sell orders above the current share price, the share could start to rise to meet them, and the volume start to increase, all the signs of news coming... You get the point, I'm sure. Nothing like a bit of AIM conspiracy theory on a Sunday morning... Also, it might appear that this company is slowly being stolen from existing shareholders, but there is nothing stopping existing holders from maintaining their current percentage, and at a current buy below the proposed placing price. Bargain! Admittedly, and perhaps by design, you'd have to be brave to be buying on so little corporate information... Nearly forgot @Fallingknife: you do realise that we can't place below 0.1p? Ob

What were the BoD's salaries last year?

GM it is.

Always the last to know... At the AGM in January, resolutions 4 & 5 gave permission for our BoD to issue up to £250,000 worth 0.1p shares without further consulting with shareholders. http://www.inspirit-energy.com/uploads/results_reports_presentations/1483097785-80215050eacf440ce/AGM%20Notice%20Inspirit%20Energy%20Holdings%20plc%20-%20AGM%20date%2027%20January%202017.pdf === ... up to the aggregate nominal amount of £250,000. Such authority will expire on the earlier of 30 June 2018 and the conclusion of the next Annual General Meeting ... === In terms of number of 0.1p shares this is: £250,000 / 0.1p = 250m They allotted 172m shares in May: "Placing, director deals and change of advisor." (3 May 2017) http://www.inspirit-energy.com/investors/rns-news-detail?id=xp234qr === Inspirit Energy Holdings plc, the AIM listed developer of micro combined heat and power boilers, is pleased to announce that it has raised £215,000 through the placing (the "Placing") of 172,000,000 ordinary shares of 0.1 pence each in the share capital of the Company ("Ordinary Shares") at a price of 0.125 pence per Ordinary Share (the "Placing Shares"). === Therefore the BoD can allot another 250m - 172m = 78m without first consulting its shareholders. Therefore if this report of an imminent £300,000 fundraising is to be believed, the share price it would be raised at is at least: £300k / 78m = 0.385p Perhaps 0.385p is a good deal and last week was someone testing the water to see how much resistance this share had on the open market - not a lot by the near 50% rise on thin volume! Conclusion - no way could £300k worth of shares be got at an average of below 0.385p. Of course if there is a placing at 0.385p or above, that's what value the market will then place on the company. Will it rise before, or after though? Sigh. AIM. AIM. AIM... What am I missing? Ob