Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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VV. Fair play mate. I was born in 1961 and for some reason which I can't remember my dad had both a victor and a viva in about 1972. I could drive by then which you will understand but many here will doubt because it was a different world back then. I learned to drive in a 3 gear Ford Pop in my friends field. Naturally (in the time) my elder brothers and I used to nick the Victor and drive it around when we could. I lived in a village in Hampshire then, Medstead, and you could go for miles without seeing another car. Couldn't get away with that now of course. It taught you how to drive quickly because you didn't dare get it wrong. That and stealing cars, which was just what you did in my youth. Can't say I'm proud of it but it was what it was back then.
Still got my dad's 1973 Viva off road. When I was a kid, one of the jobs to get my spends was to get underneath it, after he'd driven up shakey car ramps, and paint under the wheel arches with red lead paint. ! Quite toxic I'm now lead to believe but they've never rusted through!!
I wrote mine off crossing a road. A big old Austin Westminster nearly cut me in half!
Sorry for off topic but so did my Dad have a Viva. I once ruined a grass field as it was a great drifting machine. I was 11! First driving experience!
He was not best pleased! So I had to wash it to make up to him!
I used to own a Mk 2 Vauxhall Viva back in the early 1970s.
Ha ha Numpty, I was practicing what I preach by being polite and not wanting to correct you. :)
Call me what you like - I'm not precious!
Although Victor's are older than Vivas.. Good job this is not a dating site in either case!! :)
VV, (I am bored calling you vauxhallvictor because you won't bite) Very interesting article. Sums up where the VRFB market is very nicely. Basically, growing in credibility and years of service by the day. Saudi, California, South Korea, New York. More and more very influential regimes/places are seeing the advantages of VRFB'S over lithium.
A brook wil become the Nile before long.
Thanks Numpty.
Here's a link to an article about the Saudi Giga factory from autumn 2019. It includes comments from Avalon (soon to be part of BMN's stable) and also Mikhail himself.
https://www.pv-magazine-australia.com/2019/09/28/long-read-flow-batteries-scale-up-to-gw-production/
Vauxhallvictor, well said. There is no doubt whatsoever that VRFB'S are gaining traction slowly and as the superior, safer, most cost effective, and greener technology they will overtake Lithium as the storage of choice for anything stationary and bigger than a car. But we must promote it at every opportunity. Personally I frequently comment on a number of media sites about it.
Of course, all these so called 'experts' who had never heard of them a year ago will start to say they have always been advocates. Those promoting lithium over VRFB'S will be seen as the man who didn't sign the beatles.
Another thread posted on a topic that I am sure other serious investors are keen to know about, that has been sadly hijacked.
Thanks to Endion for the links in the OP and for the initial follow up comment and links from others.
The vote of confidence in the technology that this investment in the US represents is very encouraging and adds to the other evidence we have, for example the Saudi 1Gwh pa vrfb factory that is being built this year.
Vrfb uptake and investment is increasing. We have yet to win the argument with lithium though as the grid scale battery of choice and I'm personally keen that all genuine holders continue to do what they can here, and on other platforms to progress that argument.
Vrfbs have already won the technological battle over lithium. The arguments for them at scale are undeniable and well rehearsed on here in particular.
The economic argument is winnable too due to the longevity of Vrfb installations without degradation. That makes them both greener, more stable as an asset and a much better long term investment producing year after year of returns with little maintenance. Current V prices are helping and now is the time to push these arguments forward.
I'm so not interested in the pettiness of the trolling and subsequent put downs.
Please ignore, be patient and promote this worthwhile endeavour.
SA, I disagree. There are very few LTH who have sold. They may not post but the vast majority of them are still in.
Depends if you are here to trade, or if you are here for the long term future BMN holds. Simple
Those with the experience and post count generally have an intricate knowledge of the company itself. Which is what i'm interested in, there are much better stocks to trade on a daily basis.
And the 'shorters' as you put it seem to just come on and rubbish the company without any basis in actual facts, so i'm not sure their opinions count for much. Just because the price has fallen recently doesn't mean they were right, it means they were lucky, as none of them have been able to sufficiently explain the reasons for said drop beyond, blah blah blah.
End of the day, MOST here are long term investors and want to know more about the company, which many of the experienced posters know intimately. As such, their opinions hold a lot more weight with me than some random who just made an account.
I dont mind agreeing to disagree on this though, life is too short ;)
Give it a Rest NV
SA, you are totally wrong there,
A post history of years educating and researching BMN, vs your 5 dubious posts is massively different. If they were all pointless ones like mine then maybe, but not someone who has contributed so much, over such a long amount of time.
Respect is earned, not automatically granted by registering for this website.
SAinvestor 2 days experience and 5 posts to your name and already casting judgement on established contributors. Nice.
Filtered.
You don't know they are obsessed, they can be posting on their phones while doing other things for example.
Ah forget it, im off to have a life. (or am i..)
You talk like keeping an eye on the sp is mutually exclusive with having a life?
Yes there is a balance but come on.. its not an either or situation..
Calamari
Although you find it annoying it keeps the chat board alive.
You can look in on many chat forums with no chat at all and this for new investors is frustrating.
Those that post because they are unsure with the investment in BMN can find great info.
Thanks and it says a lot about the quality of the AIM investors that the discourse amongst those who wish to bash the company is always around V prices and never around the macro strategy - which is unarguably a masterclass in political positioning, timing and market building. Just look at the events that appear to be an amazing about-turn in SA in the last couple of weeks, but in actual fact are partly the results of this strategy unfolding.
The problem is this clashes with the flea-like attention span of many AIM investors who are terrified of holding shares whilst a strategy unfolds.
Meanwhile more and more countries are seeing the benefits of flow batteries.
Indeed Sanchez you have hit the nail on the head. South Korea got seriously burned with over two dozen major Lithium-Ion based Battery Energy Storage System fires in the last couple of years. Japan got equally burned by high Sodium-Sulphur fires about a decade ago.
Only Vanadium based flow batteries can provide the battery energy storage at scale safely.
Only Bushveld is standing to capitalise on the recent Vanadium price spike to facilitate this Industry.
South Korea gov allows flow batteries for ESS.
A pretty big deal given their domestic lithium battery suppliers are not exactly small fry.
http://english.etnews.com/20200212200002
I see we are back to the one day experts and relentless low grade trolling, spurious articles written by people who don't understand even the basics of BMN (and this time a brand new low point of suicide jokes), just because we have had an almost insignificantly small rise. The sooner we are off AIM the better. It really brings out the worst kinds of people who will literally do or say anything to try and cause concern amongst holders. So very boring.
Uptake of battery storage in New York has slowed due to the conflicting consensus on safety codes surrounding li-ion batteries:
https://www.utilitydive.com/news/fire-safety-issues-dog-battery-storage-growth-in-new-york-city-slowing-dep/438290/
The use of VRFB would bypass this issue entirely. And is in fact exactly was the South Koreans are doing, as they have had a similar slow down of energy storage installations due to the dozens of fires related to li-ion installations:
http://www.businesskorea.co.kr/news/articleView.html?idxno=31500
A Canadian company called Margaret Lake Diamonds has signed a JV with South Korean KORID Energy Company to build a 200 mwh Vrfb factory in New York State:
https://www.energy-storage.news/news/korean-flow-battery-company-signs-jv-agreement-for-200mwh-us-factory
New York has already announced a plan to build 1,500 MW of energy storage by 2025:
https://www.ny-engineers.com/blog/new-york-state-energy-storage-roadmap
And New York has previously laid out its severe concerns of using li-ion batteries due to fire safety. If this goes ahead it would be a fantastic foothold for VRFB in America and would likely be the first of many.