Member Info for observer842

Inkling... ;-)

15,000,000 block trade yesterday @0.16p...

Any incline to what the asset(s) might be? @observer842 on INSP yesterday === I wonder if (one of) the asset(s) backing the OCT/GIS/SynerGIS SynergisBond is our Stirling engine? Would tie up nicely with the link from @subsp the other day. Too obvious? Perhaps... but if John Gunn *really* believes in what we have and truly does intend to get it to production, then what better way to raise the necessary funds without diluting his share (and ours!) significantly? Just a thought... ;-) === Presumably news on this is near? Imminent even?

I wonder if (one of) the asset(s) backing the OCT/GIS/SynerGIS SynergisBond is our Stirling engine? Would tie up nicely with the link from @subsp the other day. Too obvious? Perhaps... but if John Gunn *really* believes in what we have and truly does intend to get it to production, then what better way to raise the necessary funds without diluting his share (and ours!) significantly? Just a thought... ;-)

And another great read: "Hydrogen made by the electrolysis of water is now cost-competitive and gives us another building block for the low-carbon economy" (JULY 05, 2017) https://www.carboncommentary.com/blog/2017/7/5/hydrogen-made-by-the-electrolysis-of-water-is-now-cost-competitive-and-gives-us-another-building-block-for-the-low-carbon-economy Think Leeds H21

I couldn't agree more @dougiem36! Coincidentally I was just taking another read through the RNS and thinking to myself just how much good news it contains on the surface: "Product Update: Development target exceeded" (18 July 2017) http://www.inspirit-energy.com/investors/rns-news-detail?id=x55979x === To this end, improvements to the design of the Company's Stirling engine technology, including simplification as part of the 'design for manufacture' ("DFM") process, have resulted in a peak electrical output in excess of 3.2kW of electricity against the unit's benchmark output of 3.0kW, whilst maintaining the same fuel input and heat output. ... We expect our technology to be cost competitive with existing microCHP products in the market from commercial launch. === But I like you, are left none the wiser where it really matters. What I need, and now, is to hear an update from the horses mouth, ideally in an interview format not too dissimilar to either of these: "Inspirit sees early demand for its combined heat and power boiler" (27 May 2016) https://www.youtube.com/watch?v=2Mi8lbJYorI "CEO Interview: Inspirit Energy’s game changing appliance for markets" (26 Jul 2016) https://www.youtube.com/watch?v=KTMYDUJnflE I need to know what has happened the past year, what is happening today and what the plans are for the future. You know - reports and roadmaps with dates to the nearest quarter. And I need to be updated immediately should they slip, with reasons why. And most importantly, it all needs to be believable. If the delays were beyond our control, or even if they weren't, I need to hear the reasons, and I stress again, I need to believe them, so that I can believe in the plans for the future. I really believe we could have a great world beating product here (I've done my own research!). Gas isn't going anywhere quickly in countries with existing networks (sunken costs), and there are some exciting advances and proposals on the horizon - read back through some of my posts on here (e.g. grass to gas). Here is a recent one I would have posted had I felt excited about INSP at the time: "Oil from sunshine?" (13TH JULY 2017) https://www.exponentialinvestor.com/sunlight-to-fuels-oil-from-sunshine/ === Sunlight-to-fuels would be transformational In the early 20th century, the world got very good at industrial chemical processes. It’s thus pretty easy for us to turn a chemical into another. With a source of cheap CO2, and a cheap way of putting in the solar energy to split it up, an economically viable sunlight-to-fuels process is just around the corner. === Come on John Gunn - it's our company too. I see David Lenigas still believes - time to persuade us PI's. ;-) Ob

Certainly seems that way @substp! You would have thought that this news would merit inclusion in the RNS...

I analysed the impact on changing gas and electricity prices in a detailed post on 5 Feb '17 I believe the plan is to target commercial and industry before residential. Last time I looked gas prices were going down and electricity prices going up.

"Product Update: Development target exceeded" (18 July 2017) http://www.inspirit-energy.com/investors/rns-news-detail?id=x55979x === We expect our technology to be cost competitive with existing microCHP products in the market from commercial launch. === That's an outrageous (in a good way) claim! And if true... Look at the Align report for why I'm shocked. From launch! ;-)

Answers here: "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 here: "Interim Results" (31 March 2017) http://www.inspirit-energy.com/uploads/results_reports_presentations/1490967907-713cedd075957a6d4/Inspirit%20Energy%20-%20Interim%20Results%20Dec%202016%20%20FINAL%20INSP.pdf and here: "Placing, director deals and change of advisor." (3 May 2017) http://www.inspirit-energy.com/investors/rns-news-detail?id=xp234qr

Preparing for the new financial year when we jump into action after the year-long pause?

Cheers @oneandonly1. The latest, and probably the best estimates that I can find are from the Align report: "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 Page 18, Year 1 costs appear to be £9,388 falling to £2,692 by year 4 and apparently staying at that level, sale price starting at £10,000 but only falling to £4,400. i.e. improving both gross profit and margin per unit over time - up to a rather impressive 38.8%. Perhaps we are envisaging further falls from year 6 if you have remembered correctly? Question is - why has Inspirit Energy apparently been on pause since that report was published over a year ago? Ob.

Where did you get those numbers from @oneandonly1?

We need to get a move on. Fuel cells are here and now in the UK: "Ceres Power | Fully Charged" (Jun 1, 2017) https://www.youtube.com/watch?v=PCs9OOHP-0o === A British company making a world beating product, fuel cells. Cheap abundant materials, existing manufacturing technology, disruptive technology coming into the energy market. Pure genius. === From the figures given in the video it don't sound as efficient as the Inspirit Charger, and no mention of costs and consequently TCO's. According to: "INSPIRIT ENERGY PLC Commercialising Micro Combined Heat and Power Boilers SHAREHOLDER EVENING" (14 June 2016) http://www.inspirit-energy.com/uploads/results_reports_presentations/1466771713-8fa65337e2bde322e/Inspirit%20Energy%20Plc%20-%20Investor%20Presentation%2014%20June%2016.pdf === Paddy Thompson: Former General Manager Business Development with Ceramic Fuel Cells Ltd where he was responsible for the introduction of a leading technology to new markets across multiple geographical regions. === Paddy should know a thing or two about the pros and cons of fuel cells vs Stirling Engine. I researched them and posted some info at the beginning of the year. Time for a new blog post? It's been nearly a year since the last one: http://www.inspirit-energy.com/story/blog-inspirit-uncovered I assume we are still onto a winner with the Inspirit Charger if it ever makes it to production! Ob.

"Placing, director deals and change of advisor." (3 May 2017) http://www.inspirit-energy.com/investors/rns-news-detail?id=xp234qr === "This financing will give us the resources to take the business forward towards the commercialisation of our appliance with our chosen trial partners. We will look to further update shareholders shortly on these installations. === Shortly in this context could be weeks or months. Probably the latter. Anyone believe we'll have an update on this within the next few weeks? As I've said before - if we have addressed whatever problems prevented the charger from being certified the first time round, and we are demonstrably on the path to commercialisation in 2017/8 this share could fly - and if so I'm expecting much more than the hiccup at the beginning of this month, apparently triggered by @MonRev and fuelled by others, ahem, me! Yes, I know, "Shortly" could mean years in the context of INSP. Sigh... Anyone got any insight to how far £2 million will go? How many units in year 1, 2 etc? Ball park figures? Ob.

@MonRev " I'd love to know what is that made up of and I guess non of it came in to be accounted for." - Read back through my posts... Beginning of April.

Look to the receivables @MonRev, and also from that same RNS: "the company will be issuing further 34,000,000 shares to satisfy other professional fees.". Take a look back through my posts here since the beginning of the year for more info.

From the last director dealings RNS: "Director Dealings" (16 September 2016) http://www.inspirit-energy.com/investors/rns-news-detail?id=jw3ey2r === Inspirit (AIM: INSP) announces that it was informed that John Gunn, the Company's Chief Executive Officer, has today purchased 4,000,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") at an average price of approximately 0.263p per share. This purchase takes Mr Gunn's total holding to 374,029,580 Ordinary Shares, representing 39.9% of the Company's issued share capital. === And today's: "Further update on placing and director deal" (8 May 2017) http://www.inspirit-energy.com/investors/rns-news-detail?id=xq0lvqr === Inspirit Energy Holdings plc, the AIM listed developer of micro combined heat and power (mCHP) boilers, is pleased to announce that further to its announcement dated 3rd May 2017, the Company's Chairman and Chief Executive Officer has invested a further £35,000 in the Company by subscribing to 28 million Ordinary Shares at 0.125 pence each. As a result of the above transaction, John Gunn will hold 398,029,580 Ordinary Shares representing 34 per cent. of the Company's enlarged issued share capital. === 374,029,580 + 28,000,000 = 402,029,580 (34.3%) not 398,029,580 (34.0%) as stated in the RNS. I suppose when you've got so many it's easy to lose count! ;-) Ob

It certainly is great news if we are able to use these funds to get us to production in 2017/18! However I need to see evidence to be convinced that this truly is happening - I've followed the flow board for far too long to see what shenanigans appears to have unfolded over the fence during the development of their mCHP boiler. Do we have a potentially world beating product or not, and if so, what is stopping us from commercialising it today? I know these things take time - but what exactly has been the hold up? I want to see evidence, and concrete milestones. Having said that, a fully subscribed £2m ETI would certainly signal to me progress is being made without any of the former! ;-) Ob.

As @graham-wales predicted. No news.