The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I personally think no news is good news.. it is hopefully suggestive that a deal is close within the 'approximate' timeframes.
If there was any material change to those approximate timeframes then they would need to notify the market.
Ratification
Ghana Stock Excange Listing
Resource Expansion Update
Offtake Partner
Third, improved takeover offer
The 6GW pipeline would indicate that a fair few people, more qualified than you and I, seem to rate it.
Have a listen to VSA's latest podcast from minute 15:26. Andrew Monk is heading to the states in relation to the possible takeover of one of the undisclosed UK listed companies that he is broker for. No names are mentioned, but I do know one VSA brokered, UK-listed company with a strong US presence. Now that would be an interesting RNS....
I hope this brings you some form of peace.
Good to have some positivity thanks Agricore. SED's certainly been a frustrating ride thus far (since IPO) but on the verge of the Delhi plant firing up, I remain optimistic and topped up yesterday in anticipation of the signposted anouncements to come on "production contracts and specific development in this regard over the coming weeks".
Did anyone happen to attend the AGM earlier that could pass on any new points of interest or update?
Mistral flying off the shelf on pre-order, hotter than the i-phone 15!
Looking forward to that 43.1MWh of Base catergory being anounced in the coming months as well.
Chunky! The US roadshow starting to pay off perhaps...
Please can someone cleverer than me explain why £1m+ of buys does not move the price meaningfully north?!
Should be some more news this month..
Zulch told BEST that Invinity was “in deep conversations” with a number of commercial energy customers for new flow battery orders due to be announced from July onwards.
https://www.bestmag.co.uk/flow-battery-maker-invinity-unveils-next-generation-product-at-ifbf-2023/
I think that’s probably a fair assessment Mikemine. A slow building end to the day will hopefully carry into tomorrow.
Today’s VSA Capital podcast is well worth a listen from 4mins 20 on Invinity. Andrew Monk doesn’t mince his words about where he sees this going! Hopefully a new strategic investor would come hand in hand with a sizeable order. https://open.spotify.com/episode/6ZkU0yq5i8F9FtNC4YEANG?si=ju-xyahoSTitxujdUwK4uA
Hi BESST, today's RNS holds some of the answers:
"Mistral is targeting the best LCOS of any BESS, bar none, and to beat years early the U.S. Department of Energy's LCOS target of $50/MWh by 2030."
'Bar none' suggests to me that it it will have a lower cost than any other batter chemistry/technology. What makes you fear that it will be vanadium that falls by the wayside instead of iron or zinc batteries? Vanadium Flow Batteries are the most mature of the group, with the first operational battery dating back to the 1980's. Over the last few decades they have been proven operationally at ever increasing scales. However, to my knowledge iron and zinc batteries are more relatively recent inventions (and whilst clearly they are gathering some attention, funding and orders in the states) perhaps they have not yet been through the same rigours of prolongued deployment, testing and iterative development as vanadium flow? It may be more fair to assess the relative merits of zinc and iron after more established deployment.
The company results on Friday will hopefully contain an update on the Base (imminent) category of the sales pipeline, which based on the company's hints could well provide that spark... If the pipeline update is not included within the results, then it should be in the following webinar (schedule TBC but I imagine sometime next week).
Ah yes... the Tesla megapack... https://electrek.co/2022/09/20/tesla-megapack-caught-fire-giant-battery-project/
Thankfully, there won't be any such headlines to compare with non-flammable vanadium flow batteries.
Here’s the article: https://www.thisismoney.co.uk/money/investing/article-12229641/amp/MIDAS-SHARE-TIPS-Batteries-store-wind-power-boost-funds.html
https://www.thearmchairtrader.com/invinity-energy-systems-share-price/
The stage is certaintly 'set'...
Please can you point us in the direction of your source for this conjecture?
The residual funding would surely be covered by the new Phase 2 Development Partner referenced in today's RNS - exert below.
"Invinity now awaits a final decision from BEIS in respect of the award, after which the Project would move through definitive contracting to the build and commissioning stage (Phase 2) alongside a new Phase 2 development partner, a leading UK-focussed developer of flexible generation and battery storage projects."
Hopefully this recent interview with Ghana’s Minister of Land & National resources will provide you some comfort on the government’s positive attitude towards lithium mining and the supporting policy: https://m.youtube.com/watch?v=7POrwenkHC4
Invinity's broker/nominated adviser reported they were marketing aggressively and ambitious for further contract awards (plural!) before the year end.
Looking back over the pipeline and information that we know.. The Base 'near term' Sales pipeline was 22.8MWh's as of 30th June. Since then 30.8MWh's of sales has been confirmed via RNS. Making the assumption that the 15MWh to Taiwan moved unexpectedly fast and skipped the Base category altogether that leaves a theoretical 7MWh to play for in the 'near term'. Plus of course any other growth in the Base category since June (i.e. leads that may have progressed from the Advanced). There could still be some further good news before year end.
The Interim Results presentation in September provides a breakdown of the 3 sales pipeline categories: Base, Advanced & Qualified. The Base category being the most important as these are the imminent deals entering the final negotiation stage.
From 9min 40: https://www.youtube.com/watch?v=-0C8T3OPgyA
In the presentation this Base pipeline was summarised as 22.8MWH. Since that date there has been 29.3MWh of closed sales RNS'd indicating that a few of the negotiations progressed very rapidly from the Advanced category, skipping the Base altogether or perhaps even came totally out of left-field.
1.3MWh: https://www.lse.co.uk/rns/IES/13-mwh-sale-to-us-datacenter-lj38nzwtwi7t0f9.html
0.8MWh: https://www.lse.co.uk/rns/IES/08-mwh-sale-to-equans-belux-ybxot8daw8r2a10.html
10MWh: https://www.lse.co.uk/rns/IES/10-mwh-california-sale-contract-executed-2iw9j5xzp723bxt.html
2.2MWh: https://www.lse.co.uk/rns/IES/22-mwh-sale-to-taiwanese-resale-partner-j8ft0ipjkd6asc9.html
15MWh: https://www.lse.co.uk/rns/IES/15-mwh-taiwan-sale-255-mwh-follow-on-potential-l2sfgjekl1ixgha.html
It seems that sales momentum is starting to build faster than predicted in the snapshot of that 'moment in time', and all being well we should be due some of the residual Base MWh sales in the 'near term'. Hopefully prospective companies will want to conclude such negotiations ahead of the year end. I would also like to think that since September there have been new additions to the Base category that have progressed from the 66.3MWh of Advanced.
Here's to a vanadium powered Santa Rally.