Phimx, You got he calculation wrong, thats not how its worked out. Im bit busy the next couple of days, but I will lay out proper calculations over the weekend, not that I think it matters for the purpose Im invested.
These calculation have no impact on marine development! you see they are not going to buy it as product it more like they going use parts of the tech.
Just wondering, for share that you are 110% convinced its not going to work out, then why spend all the time and effort? I get it if you were putting one liner deramp, but you are making the effort to type paragraphs.
Phimx, the response to your question is in your post itself, I quote form your post "The marine engine "project"is an application of the Stirling engine technology ". so they are not just using the insp boiler.
I'm not 100% convinced the outcome will be successful nor I'm 100% convinced this going to be commercially viable if even successful, but you don't know that! nobody does. So the only option here is to wait it out.
I expect nothing doesn't mean there will nothing regarding the boiler, its well possible a big name like boch or worcester take insp on board and work together! you never know. In tech and science never say never!
Yes I will and I have. isn't AIM about risk reward other wise everybody would super rich. I wouldn't go full house with 100% confidence but I have put 5k with 60% confidence. Will wait until next update RNS before I draw conclusion. I wont saying 0.5 or 1 lol, I would say if the news is decent then around 0.1p in next couple of months.
Phimx, I agree, hence I stated earlier that I expect nothing regarding the boiler.
Regarding the marine engine - expect insp only to share the tech the make work part will the marine engine manufactures job.
The thing with Tech is that right tweak at the right place on the right time can lift things off! you never know.
example, Elon Musk's Space-X project everybody thought its was a joke and rich man fooling around, even astronauts made fun of him, look at the project now. Like wise Tesla cars too as a prototype people joked about look at it now!
Never say never when it comes to tech.
Yes I did go through all the RNS on this and also did some extensive research behind the tech, Hence I agree with you guys on things until 2019, because coming from pretty strong engineering background (electronics and software), I thought the idea is good but it is one of those things that remain as great idea and prototype but not feasible to implement in production and commercially viable. There is no way insp can roll that boiler out in production on their own. Hence as all the RNS indicates they have an engineering partner. Even with engineering partner I don't think insp wont be able to commercialize it without the backing of reputed boiler manufacturer. So imho the boiler will remain as constantly evolving r&d project/ brain child until money runs out, unless a serious brand get involved or buy out the tech or even joint venture.
I still think you have no real life experience in manufacturing or product development. You are right about all the tests and certifications but they all applies at different stage. The RNS clearly states polish facility if test and development space. It also says once they get approval for production the they have to do the manufacturing design and approval.
May be you saying things using just common sense and not much actual knowledge regarding it.
As far as insp and bod, I don't think its a lifestyle or scam company like many on AIM. I think the bod believes in this project, it well may be a flop still from all the interviews I can see the passion for this project. Which is very common case in tech world. Some of these tech ideas are like our own kids, we won't give up no matter how bad or misbehaved they are and like kids you never know they may be spoiled TVVat through their teenage and can turn out to be nice person when become an adult.
My only interests are with the marine engine manufacturer, that could be something if successful. I very much doubt if its volvo as the guys on twiter claims.
In any case we will find out in next couple of months.
Phimx, The company has talked about enhancing the design since 2019, so clearly they cannot continue with testing if the product was going to change. It also stated the parts used were also changed.
However yes I agree with your notion here regarding the boiler! The company hasn’t really updated the shareholders regarding thé details of testing and why the changes were required from 2016, that is why I said earlier I don’t expect any news regarding the boiler this year.
But I’m sure we will here something regarding the marine engine stuff! Could be blockbuster or buster!
Also fund raise is important at this stage! I think a whip of positive news first then fund raise. Or if things are good then a new investor or the marine engine manufacturer fund insp!.
You never know.
The buffalo, really? Go read the RNS again then you will understand why the Polish facility was set up!. To be honest I don’t think you have delivered any other than pizza lol! In fact I doubt if you were successful in doing so as clearly you and even read and understand properly!.
I agree with your statement regarding inspirit boiler. I'm assuming they didn't launch it due finical feasibility, that is either they didn't have enough orders to meet the cost for setting up decent assembly line.
Now its not just the boiler that's in the play, the interest from Swedish marine engine manufacturer for their Stirling engine tech. So they had 3D demo in January, now in advanced talks. I would ignore the word 'advanced' well I would ignore the word advanced but still there is some progress. May be the marine company will just use the tech. They may take insp on board and do a combined development where a buy out is not possible.
There was a statement in the operational update RNS that, a European partner may do EU standard certification for the inspirit boiler. This clearly means that there is advanced conversation taking place regarding tech share or joint production. Again this is normal procedure too. I have been involved in such project where we took up a prototype from small startup and we did the certification and made it better for them. Well actually it was cheaper for us to do that than spending the time and money in R&D.
Imo, I expect nothing much regarding the boiler this year. If I be super optimistic then I say we could get news saying approved for production and a major manufacturer is partnering with us.
However I expect news regarding the business with the marine engine manufacturer. I'm not saying it will be a massive positive news! It could be bad news too. I think based on my experience the Marine engine guys will try the best to make it work as it saves them time and money. I wouldn't expect any news soon though. As per the RNS they were shut until mid may so I would give couple more months.
As I had suspected the facility in Poland is an assembly line not dedicated facility for insp. In modern day manufacturing its rare that any company would have dedicated manufacturing line. You'd be surprised to know the amount of products that come out from same manufacturing plant for different brands.
Also another point to note is that the company reduced its debt to almost zero, I firmly believe debt reduction is a crucial behind the scene play more like strategical move. They clearly are preparing for something.
Lets wait and find out.
Phimx, where do they say they have no employees?
the.buffalo, Everything you said is needed at later stage of development.
There are many ways of developing a product.
I was involved a design and development of security device which are widely used on ATMs, It took 4 people,a computer and some basic electronics equipment too.
I would complete agree with you if we were referring to a product that is already production but it is not in this case.
You first design the product > patent it > prototype (this happens in someones backyard, basement, uni lab or uni inquibator or even in a r&d lab)> The apply for certification > Then design efficient assembly line or product line.
I cannot see anything here evidently that makes suspicious about their RNS At the same time there is nothing here suggest that there is a big contract coming.
Phimx, I'm assuming you were never involved in any tech start ups. Proper production line is the last thing they set up. Most of them take place either in university incubator or someones basement. They don't go build a batch in the first instance its always trail and error. Starting from Prototype-1 to Prototype-N. Then there are other possibilities where they share tech etc.
The size of premises doesn't matter. You see to put together a boiler doesn't require a suffocated product line. Its more like an assembled product.
Nobody knows exactly where the company stands you are assuming things so am I. Will have to wait for confirmation from the company.
I know for sure that what say in the RNS are true then they must be out of cash.
As long as they are able to raise fund above the nominal value then there is no need for consolidation.
If the talks about the contracts are true then consolidation shouldn't be a bad case. At the same time if those contracts are there then they wouldn't need to raise funds via dilution or they can have another investor on board funding them which is good.
The next RNS will tell us more I hope. If everything is bright as the RNS say and also volvo contract 'rumor' on twitter if they come true then I say we are talking a bout serious money.
I'm not 100% convinced but then this is AIM its about assessing risk and reward.
Suhail on twitter normally does really good research he used to be on LSE, you can use that for references but make sure you use your own brain to draw conclusion. Suhail tend to only see the positive side of things!
Well there clearly had to be a working premises other wise it’s would be outright lie and the company can land in serious trouble! For misleading investors. But I’m not sure about contract fuzz though. Nobody no what exactly is happening everything is just assumptions. The next RNS will tell us!
Well if Eiffel start offloading I think the sp will a lot lower than this now may be it will reach sup 1p.
I don't see a new product its just enhanced software which is already in use with existing customers . They are just launching it for new customers.
Im not sure if its 10%ers taking profit or seller still around. Evidently someone is building up a position too.
A reduced holding RNS (anytime from now) followed by increased holding RNS (anytime from now) followed by decent contract RNS(couple of months I think) will take us to 0.5!