Member Info for Richard08

Down like a submarine at the moment - anyone any ideas why? I'm sure I'm missing the bleedin obvious here so if anyone can point out what I'm missing I'll be much obliged.

TIA

Morning all, been watching this one for a while now. I see the DFS was delayed back in 2022 but can't find a mention of it in recent presentations: do we have a ball park date for when it may be published? Or what needs to happen before it will be?

thanks in advance.

Couldn’t agree more. Short term market movements do not detract from the business and the growth opportunities before it. It merely provides an opportunity.

Yes… but only on the valuation of the portfolio. Worth remembering the % increases over previous years:

Like-for-like valuation change

2019: 4.3%

2020: 2.5%

2021: 18.8%

2022: 19.4%

2023: (18.5)%

So we are back to approximately the value of 2021. But the sp is much lower reflecting current fears of more interest rate rises (possibly) and the threat to the divi. Pray that interest rates don’t go much higher!

Agreed Mozaz. I’m certainly sticking around for the doubling of revenue! There may well be a Siemens announcement later in the day, but this sounds like a proof of concept in the field to test. So we shall await the data on it.

Well done Invinity! I never doubted you! Good news all round there, let’s see what the market reaction is!

Interesting to hear Larry's comments r.e. the Siemen's deal. Pilot projects this year and further joint public announcements next year. The 'two year' deal seems to have been quietly extended into 'three' but hopefully it will be sooner rather than later. These things do take time. It will be the least expensive battery on the market he says, which has to be a winner.

It was a typo - see the third RNS today which says:

The register and ex-dividend date for the fourth interim dividend in respect of the year ended 31 March 2023 was incorrectly stated in the above announcement as 1 June 2023, the correct register date is 16 June and ex-dividend date is 15 June 2023.

Which, given the drop today, would seem to be a good time to do a top up if you intend on holding this long term.

There was a time where we would have got all excited about a sale of this size. I suppose it shows the growth of the company that we don’t any more! Just need the siemens deal to come together and let us know what’s going on!

- $80 million issue of floating rate, listed, secured, non-convertible, minimum 8.5% copper bonds due 2028-2032 nearing completion

Important bit in there. Hopefully ‘nearing completion’ means ‘soon’!

TRX continues to gain market share and grow it’s revenue potential.

Well, tomorrow is D-Day. Two years to the day since the grid scale battery announcement. Let’s hope we have some good news by tomorrow!

We could do with another interview from PA as soon as possible. I suppose until the funding comes in he has little to add to the previous video.

At least with today's further investment they are perhaps in deep enough to offer further support if it's needed? They are clearly determined to keep it afloat. Hopefully PA can get the last bit over the line now!

9800% up in a day… if only it were real! Proper retirement level that would be. The LSE really can’t cope with this kind of thing can it?

With some inevitable dilution…

See website for details. Major shareholders increase take…

Make sure your total share count is divisible by 100 unless you want to make a charitable donation…

Mind you, for this one, how many of you have a number of shares that doesn’t divide by 10000???

Well, the original RNS for ‘Mistral’ was 11th May 2021 so we are approaching the two year stated timescale for developing this.

This is entirely speculation on my part…. just a disclaimer…

1) we have received little news or updates on the project. Being an optimist I am inclined to interpret this as good news and everything is on target. I don’t think this management team would drop it on the market if there were issues.
2) the small amount of news we have heard has been positive e.g. 40% reduction in cost from existing tech.
3) assuming the battery works etc then it will be interesting to see the plan for sharing revenue. Originally this was a 50:50 project but has this survived the last two years? Will Siemens as the bigger company be taking the lions share of the revenue?
4) what date will we find out? I would not be surprised if we get all the info in a simple RNS and (hopefully!) watch the market go berserk when it opens that day.

Thoughts anyone? I appreciate idle speculation is of limited use, but with an early stage company like IES, it is a large part of all we have IMHO.

Two possibilities spring to mind toneman. Either the competition wasn’t that fierce and second and third place went to the other two applicants… or, more likely, the civil servant typing the press release doesn’t know what they’re writing about and was copying from a crib sheet which was written by someone else who didn’t know what they were on about either!

Synchrostor, Edinburgh, Scotland, which will receive £9.4 million to build a Pumped Thermal Energy Storage (PTES) grid-connected demonstration plant operating at 1MW, with the ability to charge and discharge for a period of 10 hours, longer than current battery technology

Invinity Energy (UK) Limited, Scotland, which will receive £11 million to develop and manufacture their 7MW, 30MWh 4-hour Vanadium Flow Battery (VFB), the largest in the UK. Invinity will manufacture the 30 MWh VFB at the Company’s factory in West Lothian, Scotland. The location of the plant will be confirmed in due course.

Cheesecake Energy Ltd, Nottingham, which will receive £9.4 million to test their FlexiTanker technology which stores electricity using a combination of thermal and compressed air energy storage and uses a reversible air compression / expansion train to charge and discharge. They will then install pilot units at 2 sites within a microgrid development in Colchester.

Interesting to see that the other two are still at the testing/demo stage. Which suggests that Invinity is at the forefront of longer term storage solutions. Invinity also won (slightly) more funding. Small points I know, but it does seem like Invinity is in front and leading the charge.