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I’m going to have to see if anyone has a Sunday times left now so I can read it!
So far as the competition is concerned, until the specs for mistral are published we don’t have much to compare. And I would imagine that sodium-ion would have to jump through the same regulatory, funding and acceptance hoops that IES has spent the last few years negotiating so hopefully vanadium has a head start?
Worth a listen this, obviously he’s bullish as IES’s broker, but:
- Points out that this is the first investment made by the British Infrastructure fund in a publicly listed company, for which they did a lot of due diligence.
- Reminds us that IES is moving towards a licence and royalty model. This has to be good for earnings, gross margin etc.
- Hints that more orders will be forthcoming now that the company’s future is on firmer footing than it was pre-fundraise.
We just need to see Mistral launched now. But after waiting three years hopefully not much longer to go!
At least this answers the question as to where funding is coming from. Money from UKIB is indeed welcome and may encourage other investors to come onboard who are encouraged by first movers etc.
This is from the LAST fundraiser, not today’s:
The proceeds from the proposed Placing are expected to provide the Company with sufficient working capital to the end of June 2024 at which point the Company expects to have launched its next generation Vanadium Flow Battery ("VFB").
Let us hope that this is indeed the last fundraise and it will carry them through to financial independence…. The fact that the price is close to the current sp suggests confidence. The market could do anything tomorrow, I wouldn’t be surprised either way! But if that remark about June 2024 proves accurate then hopefully we will not have long to wait before news of mistral.
The game changer will be if other companies are making their batteries and paying a royalty then that provides a revenue stream for the company for no effort whatsoever from them. Straight to the bottom line. And the more batteries which are installed world wide, the more this will encourage sales. This will allow them to fund research, stay ahead of the competition and continue to develop new and better batteries. It's looking good, just need the the company to fill in the blanks!
Hmm, very much a teaser, and a ‘please be patient’ RNS.
This bit had me laughing though…
‘The Directors believe that this proposed investment has stimulated further interest from other high quality strategic partners who have all indicated their willingness to proceed with an investment…’
Is there a group WhatsApp for this sort of thing? Or does the old boys’ network live and breathe?! It seems like everyone in industry knows about this, but not the poor retail investor. Ah well, nothing changes. Continue to trust the company and wait a few weeks.
Hopefully so Serge_Farrar... you do wonder why they'd be so specific with a timeframe - why not give yourself a broader timeframe to avoid missing a two week window?
But it's largely academic. As you say, no news is good news, it doesn't take much for the sp to drift down, but equally so, good news works to the upside as well. Hopefully we'll hear something soon.
Very quiet on here for a bit, share price is flat over the month as well, very little trading going on. And we are now five weeks into the 4-6 weeks period during which further strategic agreements were to be expected we were told. I’m not going to hold them to such a timetable, though they imposed it themselves, but the more time passes, the more we can expect further strategic partnerships and the upcoming commercial launch of mistral. Hold Fast IES share holders!