Member Info for observer842

lol @Dallas, I get you! However, when talking about valuations of mining companies we know the pear to pear comparisons are NPV's so when the market hears $660m from the CEO's mouth, it equates that with the $2B EMH equivalent, not realising it's oranges and apples, and the equivalent for Amapa could be similar with longer life of mines and decent shipping rates and iron ore prices, and exchange rates and the like. Perhaps higher... We own 27% of this, and only circa 4% of the Cinovec $2B... with a first right of refusal to 49% :-)))

Ah yes. Found the link for those wanting to DYOR:

https://www.reddit.com/r/CadenceMinerals/comments/q56bac/comment/hlt8945/

In particular this comment:
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It should be noted that the $1.2B is a multiyear DCF, but the $660m is a single year available for sale valuation, two very different valuation methods: Cliffs reported $1.66B before reclassification to the latter. Page 77
]===

lol @Dallas. You must realise by now Kiran is playing this down/being conservative - he's trying to be the Yin to DL's legacy Yang, though it was pleasing to hear him very recently clarify that the $660m valuation by Anglo for Amapa was less than an NPV estimate (significantly less with today's iron ore prices!), now I wonder why he might feel like clarifying that now - there's such a thing as being too conservative in the face of upcoming news!? ;-) Hint, the $660m was a 1 year cash flow valuation IIRC... Now that's conservative for a mining company!

You might have had the September timeline in mind from this quote from an interview in March, follow the link for more quotes from the interview.

https://www.reddit.com/r/CadenceMinerals/comments/vlk866/weekly_discussion_thread_upcoming_news_icymi_june/
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For a lithium project in order to get funded you need to have bankable off-take. As the market has moved in our favour in the last 6 to 12 months, those off-take discussions are improving and it's a key area for us over the next 6 months.
]===

Despite recent FUD, Lithium prices remain very high!

https://www.lme.com/en/metals/ev/lme-lithium-hydroxide-cif-fastmarkets-mb#Price+graph

There is no question in my mind that it s going to get VERY interesting here over the next few weeks, month or two...

https://www.youtube.com/watch?v=QIxveUfLaGA&t=390s

Indeed - we've been heavily discounted for years based on the FUD posted here and elsewhere. It's real. Unless it's photoshopped. It's not photoshopped is it? lol

Anyone who's done their research (and you've all had time now!) will realise that 30kW of power output is huge for a unit of this size - very important for moving vehicles, which we are initially targeting, to keep the weight/size to power ratio down :-))

I can't tell you where we are going, no one can, this is AIM!, but I can tell you that with the amount of investment, development and subsequent pivot to WHR supported by Volvo and progress demonstrated yesterday we should be a £10-15m company at this stage. That's 0.23p-0.35p.

Investment in the industry heating up:

"Ceres and Shell sign agreement for green hydrogen" (28 June 2022)
https://www.londonstockexchange.com/news-article/CWR/ceres-and-shell-sign-agreement-for-green-hydrogen/15514115
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Yuri Sebregts, EVP Technology, Shell: "Shell's Powering Progress strategy sets a clear ambition for Shell to be a leader in the energy transition and accelerate our journey to become a net-zero emissions energy business by 2050. Hydrogen features heavily in that strategy."
]===

Would be more positive if he put his hand in his pocket and bought sufficient to trigger a notification! Might see a few in the next few days given how many shares have traded hands, coming up to 28% of the company by my reckoning!

And a congratulatory tweet from the old boss!

David Lenigas (12:17 pm · 27 Jun 2022)
https://twitter.com/DavidLenigas/status/1541380078898118656
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So please today to read the @inspiritenergy news today with the massive electricity output achieved with the tech. And this market cap is now crazy cheap IMHO.
]===

It is indeed quite intriguing where this pivot of the Stirling tech to WHR will lead us. I'll repeat again, the USP as I see it, compared to similar WHR kit out there, is its size/weight making it particularly suitable for diesel engines that move. Don't think the market quite gets this. Pretty sure Volvo does! ;-)

that's coming up to 25% of the company!

Indeed. Beware the FUD. It'll come. Always does on here... It's real. Get over it. Unless they have remarkable photo-shopping skills! lol.

The USP here is 30kW from something so small - and hopefully cheap to manufacture! Look around to our peers to see what I mean... Volvo no doubt get it.

Of course Paul Booker is the true genius here. I wouldn't mind hearing him talk about the tech - go on, get something on our YouTube channel if nothing else.

https://www.inspirit-energy.com/our-team/
===[
Paul Booker
Engineering Manager

Driven by a childhood interest in mechanics and following a year’s engineering apprenticeship, Paul began his career at Sheffield engineering company, Dormer Tools. After 16 years and completion of his engineering degree, Paul moved into a design role within the automotive industry working for Renault and Honda before moving into the aerospace industry with Rolls-Royce. He then turned his talents to the MoD where he ran the team that designed and developed the military vehicle, which remains in the Guinness Book of Records as the fastest vehicle from design concept to theatre. Paul joined Inspirit Energy from the MoD and believes that: “Engineering is finding a creative solution to a problem”.
]===

Indeed - totally invalidates all the claptrap posted on here the past few years. 30kW. Let that sink in...

If you are wondering who Chris is, he's the guy on the right ;-)

"LIVE interview with Chris Heminway. From Lehman Brothers to Clean Tech Entrepreneur." (18 Nov 2021)
https://www.youtube.com/watch?v=9RkJMRE-cWA

Wonder if @crh1 (Christopher Heminway) is considering upping his holding from circa 6-7%?

https://www.inspirit-energy.com/aim-26/
https://www.inspirit-energy.com/wp-content/uploads/2022/05/AIM-Rule-26-Capital-Structure-21.12.21.pdf