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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake Watch Now

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Redt Energy Share Chat (RED)



Share Price: 1.35Bid: 1.30Ask: 1.40Change: 0.00 (0.00%)No Movement on Redt Energy
Spread: 0.10Spread as %: 7.69%Open: 1.35High: 0.00Low: 0.00Yesterday’s Close: 1.35


Share Discussion for Redt Energy


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dougal66
Posts: 22,878
Opinion:No Opinion
Price:2.20
RE: open offer
7 Apr '19
And 43m Placing shares still unaccounted for.
That’s 4.5% of the revised issued 951m
 
dougal66
Posts: 22,878
Opinion:No Opinion
Price:2.20
RE: open offer
7 Apr '19
Not allowing for Excess Applications, I would expect the following revised holdings:

BoD 24m
ii x 3 Schroder, Alchemy, Payer 241m

Revised issued 951
jimb2
Posts: 2,842
Opinion:Strong Buy
Price:2.20
RE: Norway
6 Apr '19
That's a significant development Madras, thanks for posting, I have shared it on other bb's.
dougal66
Posts: 22,878
Opinion:No Opinion
Price:2.20
RE: Norway
5 Apr '19
This partnership with Statkraft (25 March) beginning to look interesting too. redT gonna need an Equity partner with deep pockets to finance the various projects
dougal66
Posts: 22,878
Opinion:No Opinion
Price:2.175
RE: open offer
5 Apr '19
Monday/ Tuesday next week. Not long, eh?
graham-wales
Posts: 36,308
Opinion:No Opinion
Price:2.175
RE: open offer
5 Apr '19
So there is no announcement just guessing they have been fully taken up?
dougal66
Posts: 22,878
Opinion:No Opinion
Price:2.175
RE: open offer
5 Apr '19
If redT was raising c 3.2m and had raised over the 1.5m by 1 April including 940k Placing @ 2p where there remains c43m unaccounted shares, it is almost certain the Open Offer was fully subscribed. Definitive info due 9/10 April
graham-wales
Posts: 36,308
Opinion:No Opinion
Price:2.175
RE: open offer
5 Apr '19
Where does it say the open offer was fully taken up?
Mikemine
Posts: 766
Opinion:No Opinion
Price:2.175
OT but interesting
5 Apr '19
jodrell13
Posts: 55
Opinion:Buy
Price:2.175
open offer
5 Apr '19
the open offer shares were fully taken up , a few days ago, now good to finally get rid of camco and with a little cash ,
jimb2
Posts: 2,842
Opinion:Strong Buy
Price:2.20
Very good news
5 Apr '19
National Grid says it can go 100% renewables by 2025

https://theenergyst.com/national-grid-says-can-go-100-renewables-2025/

posted by degsie on KDNC BB
James2708
Posts: 62
Opinion:No Opinion
Price:2.25
RE: RNS re Camco
5 Apr '19
This is an extract from an RNS from Dec 2015 below. So Redt sold the assets in November 2015 but managed the projects using the US based Camco International subsiduary that they have now sold to management. I don't have access to us company information but this is another sale to management, at least some cash changed hands rather than pocket money when Camco Africa, now as far as I can work out now renamed Camco something, was sold to management including a now ex director of Redt ,Scott McGregor.
Completion of Sale Biogas Assets

The board of redT energy plc ("redT Energy" or the "Company") is pleased to announce that further to the announcement on 17 November 2015, all conditions relating to the sale of the US Biogas Assets have now been satisfied and the transaction has completed.

The initial consideration of $2.0m in cash has been received by the Company and the remaining $2.6m will be settled in cash within 12 months. As previously set out, an additional $1.0m of deferred consideration is payable dependent on the performance of the disposed assets in the period to 31 December 2016 and up to 2 years from the date of completion payable in 2 equal instalments.
dougal66
Posts: 22,878
Opinion:No Opinion
Price:2.25
RE: Good
5 Apr '19
Results of the Placing and Open Offer still due
bbr391
Posts: 6,088
Opinion:Buy
Price:2.275
Good
5 Apr '19
To see a little more cash in the bin.

Best of
Morgank
Posts: 470
Opinion:No Opinion
Price:2.275
RNS re Camco
5 Apr '19
RedT Energy PLC Completion of US Business Activities Divestment

Source: UK Regulatory (RNS & others)
TIDMRED

RNS Number : 2144V

RedT Energy PLC

05 April 2019

This announcement contains inside information

5 April 2019

redT energy plc

("redT" or the "Company")

Completion of US Business Activities Divestment

Further to the announcement made on 14 March 2019, redT energy plc (AIM:RED), the energy storage solutions company, is pleased to announce that it has now completed the divestment of its legacy Camco business with the sale of its wholly owned subsidiary Camco International Group Inc. ('CIG'). This business provides project development and asset management services to biogas projects in the USA. Over the last three financial years this business has contributed GBP0.2 million per annum to group Results from Operating Activities.

CIG has been sold to an entity controlled by Jim Wiest, Managing Director of CIG. Cash receipts from the sale consist of a distribution of US$1.0 million to redT funded by a loan into CIG from a third party plus $0.5m of further consideration payable in two equal instalments, the first due 30 April 2019 and the balance due 31 July 2019. It was agreed that working capital balances, including cash of $0.5m, would remain in CIG as part of the sale resulting in a net cash benefit to redT as a result of the transaction of $1m. This will be used to fund the redT business during the Strategic Review announced on 14 March 2019. At the time of sale, CIG had net liabilities of US$0.3 million, including the US$1.0 million loan liability.

The divestment of US business activities constitutes a related party transaction under the AIM Rules. The Directors consider, having consulted with Investec, acting in its capacity as the Company's Nominated Adviser, that the terms of the sale are fair and reasonable insofar as the Company's shareholders are concerned.

Enquiries:

redT energy plc +44 (0)20 7121 6111
Neil O'Brien, Executive Chairman
Joe Worthington, Investor & Media
Relations

Investec Bank plc (Nominated Adviser
and Broker) +44 (0)20 7597 5970
Jeremy Ellis / Chris Sim / Alexander
Ruffman
VSA Capital (Joint Broker)
Andrew Monk / Andrew Raca / Simon
Barton +44 (0)20 3005 5000

Celicourt Communications (Financial
PR)
Mark Antelme / Jimmy Lea / Ollie
Mills +44 (0)20 7520 9266

Notes to Editors

About redT energy

redT energy plc are experts in energy storage, specialising in the design, manufacture, installation and operation of energy storage infrastructure which creates revenue alongside reliable, low-cost renewable generation for businesses, industry and electricity distribution networks. Using patented vanadium redox flow technology to store energy in liquid, redT's own energy storage machines can be run contin
dougal66
Posts: 22,878
Opinion:No Opinion
Price:2.275
RE: Thoughts
4 Apr '19
“Pivot Power and redT will install hybrid energy storage system”

This is sounding increasingly like a JV
dougal66
Posts: 22,878
Opinion:No Opinion
Price:2.275
RE: Pivot
4 Apr '19
And this Strategic Review is still on for 4-6 months?
larryh
Posts: 1,328
Premium Chat Member
Opinion:No Opinion
Price:2.275
re Pivot
4 Apr '19
Energy Storage News
Thu 4/4/2019 7:47 PM
You
?
Welcome to the newsletter from Energy-Storage.news. Our UK team has reported this week on the world's very first grid-scale lithium-vanadium energy storage project, in a hybrid system being developed by

Pivot Power and using redox flow energy storage from redT at an energy 'Superhub',

also incorporating high speed EV chargers and hundreds of ground source heat pumps for local homes. Amid Japan's ongoing electricity market reform programme, we've heard from another UK energy storage company, Moixa, about its partnership which is deploying more than 10MWh of storage every single month at Japanese households and then optimising system operations to get maximum value for customers and the network alike. A new draft framework published by the Philippines Department of Energy seeks to resolve some of the biggest questions facing the regulation and market integration of energy storage and PV inverter maker Sungrow has enjoyed a big year-on-year leap in energy storage revenues. Thanks for reading and we hope you enjoy using the site.

Andy Colthorpe

Editor
dougal66
Posts: 22,878
Opinion:No Opinion
Price:2.275
RE: Pivot
4 Apr '19
41 other sites pencilled in
dougal66
Posts: 22,878
Opinion:No Opinion
Price:2.275
RE: 43m shares@2p still unaccounted for
4 Apr '19
re sp: Whoever picks these up will give an indication of the direction and speed of travel
SCoutS
Posts: 188
Opinion:No Opinion
Price:2.30
RE: Thoughts
4 Apr '19
I hope that RedT are on top of this. The County Council were pretty merciless with Carillion contracts and I can't believe the City are any less ruthless.

Having said that, this is a good move. Quite an important thing to get right.

The units are going to be plonked on the end of Blackbird Leys which at one point I believe was the largest housing estate in the England - famous for that Gareth bloke getting together a choir. It was quite a good choir too. I think the speedway / dogs stadium closed so if Scott (as manager of operations) wants to do anything in those long evenings during stallation he will have to find something else to do.
jimb2
Posts: 2,842
Opinion:Strong Buy
Price:2.30
RE: Thoughts
4 Apr '19
This isn't RED's rns,

https://networks.online/gphsn/news/1001524/energy-superhub-launched-oxford

surely they would have been under embargo before releasing the details of their involvement a project they play a very small part in?
Mikemine
Posts: 766
Opinion:No Opinion
Price:2.30
RE: Thoughts
4 Apr '19
I wouldn't get too upset OF, they all try to produce news to support a fund raise.

Withholding news to affect the SP is another matter and should be reported to the FCA. Its no wonder he was made to step down, probably to protect him.

Hopefully that's all out of the way now and we can see some way forward.

It's believed that the Anglian order is being held up because of planning. Has anybody got any info on this or where the site is?
bbr391
Posts: 6,088
Opinion:Strong Buy
Price:2.30
RE: A million buy !
4 Apr '19
Buying Continues .
Perhaps this is the start of a new mega clean ,profitable company .
One has to hope.

Best of




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