Read on Twitter
1/12
A very understandable and significant raise by #IES today.
I don't see #BMN's name mentioned, so I would assume they didn't take up their option to partake.
If so, then whilst their interest may reduce to c. 7.4% (assumes full £22.5m raised), https://twitter.com/BigBiteNow/status/1333421961964363779?s=20
A very understandable and significant raise by #IES today.
I don't see #BMN's name mentioned, so I would assume they didn't take up their option to partake.
If so, then whilst their interest may reduce to c. 7.4% (assumes full £22.5m raised), https://twitter.com/BigBiteNow/status/1333421961964363779?s=20
2/
they remain well above the min. 5% stake required, in order to retain their first refusal rights, to supply vanadium to all IES VRFB contracts.
From the IES RNS ;
"Funds raised will be used to scale up production capabilities to meet commercial demand"
they remain well above the min. 5% stake required, in order to retain their first refusal rights, to supply vanadium to all IES VRFB contracts.
From the IES RNS ;
"Funds raised will be used to scale up production capabilities to meet commercial demand"
3/
which will "assist in driving down unit costs."
"Scaling up production and sales at the rate envisaged by the Company should allow profitable trading by the end of 2022."
That's right in line with my previously stated BMN +6,000mtV production target.
which will "assist in driving down unit costs."
"Scaling up production and sales at the rate envisaged by the Company should allow profitable trading by the end of 2022."
That's right in line with my previously stated BMN +6,000mtV production target.
4/
If Invinity are hitting such heights by then and BMN want to supply the vanadium, then investment is needed now. Cue said c. $65m investment because IES is 'just' one expanding VRFB story, that is driving future V demand.
IES again ;
If Invinity are hitting such heights by then and BMN want to supply the vanadium, then investment is needed now. Cue said c. $65m investment because IES is 'just' one expanding VRFB story, that is driving future V demand.
IES again ;
5/
"Currently, the Company only has the capacity to meet its stated closed orders of 17.8 MWh."
"The proceeds of the Fundraise will enable the Company to scale up production capacity,"
"rate of scale up for production is driven in large part by the number, and timing,"
"Currently, the Company only has the capacity to meet its stated closed orders of 17.8 MWh."
"The proceeds of the Fundraise will enable the Company to scale up production capacity,"
"rate of scale up for production is driven in large part by the number, and timing,"
6/
of additional stack lines."
"Currently, the Company has one stack line, in Vancouver, and intends to install at least three more over the next two years."
So a min. quadrupling of production in the next 2 years. I believe this plan will be updated well before 2022.
of additional stack lines."
"Currently, the Company has one stack line, in Vancouver, and intends to install at least three more over the next two years."
So a min. quadrupling of production in the next 2 years. I believe this plan will be updated well before 2022.
7/
"grow its levels of inventory and shorten its product life cycle, such that it can respond quicker to customer demand and have the flexibility to address the additional revenue opportunities in the current pipeline and beyond."
The message is that the additional demand,
"grow its levels of inventory and shorten its product life cycle, such that it can respond quicker to customer demand and have the flexibility to address the additional revenue opportunities in the current pipeline and beyond."
The message is that the additional demand,
8/
is already there and the next stage of scale up, is required now.
With scale up comes lower costs, which means an even more competitive product, which snowballs everything, meaning more vanadium demand.
I have no position in IES because BMN is where my access to this..
is already there and the next stage of scale up, is required now.
With scale up comes lower costs, which means an even more competitive product, which snowballs everything, meaning more vanadium demand.
I have no position in IES because BMN is where my access to this..
9/
success is focused because ultimately, they will benefit from all the efforts of these VRFB companies, of which IES is just one...
and that benefit will come right across the VRFB value chain.
There's going to come a point soon, when the market gets it.
success is focused because ultimately, they will benefit from all the efforts of these VRFB companies, of which IES is just one...
and that benefit will come right across the VRFB value chain.
There's going to come a point soon, when the market gets it.
10/
That VRFBs are carving out a market and their opportunities are growing, to the point that there's no longer any turning back.
When it does, then its going to start hunting around for companies that supply into that. When it sees that BMN not only have the...
That VRFBs are carving out a market and their opportunities are growing, to the point that there's no longer any turning back.
When it does, then its going to start hunting around for companies that supply into that. When it sees that BMN not only have the...
11/
...largest high grade vanadium deposits in the world but is expanding into the opportunity, both with more production but also by accessing all areas of the value chain, then the effect of that, should be very significant indeed.
Even more so when said market realises,
...largest high grade vanadium deposits in the world but is expanding into the opportunity, both with more production but also by accessing all areas of the value chain, then the effect of that, should be very significant indeed.
Even more so when said market realises,
12/
that said VRFB demand, isn't cyclical. It doesn't switch off when the world enters recession. It is climate driven. It is government driven. Conscience driven.
When BMN truly goes non cycle, then things gets really interesting.
that said VRFB demand, isn't cyclical. It doesn't switch off when the world enters recession. It is climate driven. It is government driven. Conscience driven.
When BMN truly goes non cycle, then things gets really interesting.
