Invinity Energy Systems Share Discussion Threads

[purchaseatthetop] 06/9/2024 08:24

Even the logic is contradictory…

“Such cost reduction is expected to come through a combination of continuous design improvements, supplier efficiencies and increased production volume.”

“Although Mistral has already demonstrated performance in-line with or ahead of expectations, the Board has decided that additional time is needed to complete the cost reduction exercise ahead of volume rollout, while maintaining a level of manufacturing sufficient to commence the drive to volume-based efficiencies.”

All three of the sources of cost reductions in para 1 require maximum volume throughput.
But they are cutting back output.
Could it be that the demand is not actually there?

[dr darkstar] 06/9/2024 08:08

At least Zilch has finally been pushed out

[megaman2] 06/9/2024 07:56

June Cash reserves gspanner..
Wait until next june....with no revenue..then apply sane reckoning

[yump] 06/9/2024 07:52

Embarking on vast product spend before knowing if it will be profitable to sell it.

That takes a particularly awesome set of skills.

I doubt Zulch or any of them could even run a market stall buying vegetables and marking them up a bit.

[volsung] 06/9/2024 07:50

Its has long been what stocko classifies as a sucker stock

[gspanner] 06/9/2024 07:48

Not good news but the drop is massively overdone IMO. Valuation now at about cash reserves.

[vatnabrekk] 06/9/2024 07:46

I know I've got plenty of "dogs" in my portfolio, but I was hoping this wasn't going to be one of them!

[volsung] 06/9/2024 07:46

Placing soon I guess maybe around 10p?

[penrith] 06/9/2024 07:40

Not a good RNS and my holding has gone from deeply submerged to 20000 leagues under the sea.However in reality the project has been put back 6 months or so which at this stage is not a real disaster. As a consequence I have purchased another bundle which has certainly helped my average.Good luck all.

[vatnabrekk] 06/9/2024 07:21

Well I was not expecting this!

[1347] 06/9/2024 07:15

Another AIM jam tomorrow story. Lots of hype, not enough actual orders, just £1.6 m revenue in H1 2024? Losing around £20m every year so far. Mistral delayed. Burning cash like mad, raised £57 m in May 2024, already down to £49.2 m at end of June 2024? CEO walks, not surprised, his gaff has been blown, off to the beach in California I expect.

[megaman2] 06/9/2024 07:14

The pipeline was as i suspected a complete work of fiction to enable the Cash raise..

The new ceo is a complete proven liar..

The only silver lining is the lodes Project makes so little margin that it does not increase the loss if its delayed past 2024

Hardly a positive ..

[hamidahamida] 06/9/2024 07:06

Cash Burn is was a big problem compounded by delays more delays

[megaman2] 06/9/2024 07:06

This info was already leaked to a select few...zulch wasnt up to the job

[hamidahamida] 06/9/2024 07:04

Way Overvalued now after this mornings stinker RNSThis could tank well below 10p

[zingaro] 06/9/2024 06:41

Nobody commenting on Zulch stepping down with immediate effect?

[indiestu] 06/9/2024 06:41

Zilch gone. That's a positive. At least the new CEO likes to tell the truth which is refreshing. It's an interesting pivot out of the blue. I guess we need to give Marren a fair chance. Under promise, over deliver?

[columbarius] 06/9/2024 06:41

Wake up. Larry Zilch has left the building. He's jumped before being pushed as no self-respecting CEO would retire on the spot with such a lousy update.