Member Info for Richard08

Totally agree with you latpulldown. I really don't want this to sell. In a few years this will be a much bigger company as these buyers clearly recognise.

https://armsmedical.com/product#vnew

Lots on their website telling you what ARM do. All good news this morning, looking forward to the interim next week. Can't believe they've managed to produce new lines as well, this really is the gift that keeps on giving!

Nice little double RNS today, providing a little context to the share sale, qualming market fears and preventing the usual result of one of these i.e. a sell off. Another indication of good management and a bit of sensitivity for the shareholders.

Unfortunately the govt are only providing £105 mill. But, every little helps!

Maybe the work was authorised under the previous CEO? Hard to say without exact dates. I don't imagine it cost that much in the grand scheme of things?

As for the RNS, just a minor rebalancing of their portfolio, not a sell off. Nowt to worry about :)

The latest Hardman report suggested there was sufficient cash to last until th end of the fiscal year end of 2022. So not long at all! But, that assumes sales are flat and losses continue at the last reported level. Both of these are unlikely events I believe. The little info I see, including an article in the Sunday Times today, suggests that the NHS, and the USA, are beginning to deal with the covid backlog in elective surgery and have been doing so for a while. TRX has a trading update due in Sep so we will know more by then as to how they're getting on.

Very positive interview. Reflects on the recent bad news and puts it into context a little too. With any luck, and good management, West Kenya really will become the ace in the hole!

I read recently somewhere that there are a couple of million or so new investors in the UK alone! Many mor in the US I imagine and this has probably/possibly accounted for the uptick in stock markets around the world. Be interesting to see what they all do in the next correction...

Evening all, nice to see TRX building a resistance level around 0.7p. Ready for future rises we hope! I've been trying to find figures for elective surgery in the US and failing miserably, but the recent Q2 reports for Smith & Nephew appear promising for comparison. They show an increase of 80% YoY and a return to normal levels of elective surgery, apparently. I've attached the presentations to show sources but even though the figures are obviously not comparable to TRX but the overall recovery of surgery etc suggests we can hope that the upcoming trading update for TRX (expected in Sep) shows a similar recovery!

https://www.smith-nephew.com/global/assets/pdf/corporate/second%20quarter%20and%20first%20half%202021%20results%20presentation.pdf

https://www.smith-nephew.com/global/assets/pdf/corporate/smithnephew%20second%20quarter%20results%202021%20transcript.pdf

I shouldn't worry Falesta. If lithium batteries which catch fire, burn almost uncontrollably and produce toxic fumes whilst doing so can be installed en masse around the world then VRFBs will have their day!

Must be a typo? I can't imagine they're finding 5kg of gold per ton without it getting mentioned in the quote below. If only!

Afternoon all, I've been doing some research on Bank of NYM. A few are below which will hopefully be of interest.

- oldest US bank, first company to list on NYSE.
- have 41 trillion in assets under custody.
- mostly focussed on investment and wealth management and makes 80% of its revenue from the fees derived from this.
- does have a financial interest in renewables.
- owns a 9% stake in Piedmont Lithium so they are interested in taking part ownership in mines, maybe they are being lined up to provide a debt facility for other mining opportunities....?!
- one of the NEDs on the board, Andre Cohen, has experience in raising finance. This relationship with BNYM may be just step one in a larger relationship (?)
- that stake in Piedmont is part of a broader commercial investment portfolio covering a range of sectors including oil and gas, manufacturing and real estate amongst others.
- only speculation of course but once the resources are fully defined for PXC, and the risk is reduced, we're going to need a bank like this for more than just running an OTC account.

I imagine it's the same fire mentioned here in the FT:
https://www.ft.com/content/8c9c3d50-98a3-4cdf-907f-901f8c328b90
Unfortunately the writers of these articles are not making it clear that it isn't batteries that are the problem per se but the type of battery as investors here know only too well. The narrative of lithium as a fire risk vs vanadium = safe needs pushing so that energy storage isn't made into a 'bad thing' that politicians struggle to support.

Possibly. But as Larry said, there's room for more than one winner in the energy storage stakes. It is going to be something of a race though to find the most economical battery. Although that is not the only measure of success of course. Invinity and vanadium based batteries in general does have a first mover advantage in long term energy storage which will hopefully play in our favour.

And a nice bounce for Friday as Mr Zulch buys a few more. Have a good weekend all!

Hopefully so, Schroders have upped their stake a fraction anyway so they see something good!

https://www.fool.co.uk/investing/2021/07/24/2-of-the-best-renewable-energy-stocks-to-buy-right-now/

Been a long while since the fool mentioned Invinity, but here it is again in a generally positive article continuing the recent trend of good publicity for the company.

There does see, to be a nice increase in media mentions at the moment which is all to the good. The Telegraph newspaper earlier this week, increasing twitter announcments and mentions on the energy-storage website and now in government published docs too. Invinity is being recognised and will continue to be so.

For those of you into social media Invinity has an increasingly active twitter feed. It's often the first place news is announced and a good 'feed' to follow and see what's going on.

Good little find Hintza. The only company mentioned in the entire publication? IES in on p47 if you're looking. To answer your question, in my opinion, Invinity is at a much earlier stage than ITM or Ceres. They have manufacturing agreements with several large, established companies (at least they have in Ceres) whereas he agreement with Siemens is to develop a technology that at the moment at least does not exist. That's a far more tenuous position I'm afraid. But, and it's a big but, I don't believe for a second that Larry and Co are sat with a blank piece of paper with Siemens trying to desperately think up a new battery. I'm certain that they know what they're doing. Give it five years and then see what Invinity's market cap is. What did Larry say in a recent video? There is room for more than one winner in the renewables revolution: and Invinity will be one of them. In my opinion of course...