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I think ESKOM is again the key/timing he refers to.
BMN has to be seen as more than just a miner and it will be the BE side of the business signing up key deals and completing on the first 2 VIPs...the markets want to see it not just hear about it and they will very very soon now...
* with barely any II’s
Just listened to the Crux interview again. Fortune does want to have a JSE/main market listing but talks about timing and not for the sake of it.
He said wants more institutional investors and index trackers to improve SP liquidity like we all want.
I’m beginning to think timing means getting rid of Lemur to attract renewable funds and also increasing the Market Cap with news to help attract large investors.
We will get massive Boom one day if you think we are holding up quite well without barely any II’s.
Gwede does not want to buy.. he wants 'capital' to get their money back (no profit) then transfer all to public ownership.
No.. he does not get it....
The interview though was measured, just like his parliament' statement. In a rowdy room he was calm which I did quite like... Just going slowly !!!
Someone drew attention to a few quotes from that Youtube film last week but they didn't seem to get a lot of reaction at the time but I like these a lot:
"we have signed small contracts of vanadium electrolyte rental"...
"so we've done the small contracts and we are now in negotiations for larger contracts and we want to demonstrate that rentals are a real enabler for VRFB so we're putting quite a lot of effort into that".
Old School Marxist and Carbon capture proponent he may well be, and I think we all get that given his union powerbase. However at the end of the interview this says the following. Which seems pretty balanced in my view given the circs. Almost like he knows whats coming :-)
"When I raise the question of energy mix, some call me a coal fundamentalist. I have worked in coal for a long time, and I have no problem with that. But the reality is that the biggest allocation of new generation capacity in the IRP is for renewables. So, when people go hard on me as an enemy of renewables, I tell them they are not talking to policy, and not looking at the figures, because the biggest decline in the IRP is in coal. But people don’t look at that, they just want me to say: Coal is bad, and must be switched off. But my own view is: Let’s have a discussion. That’s why I am looking to CCS to see if it can work here, why I see gas as a game-changer in the interim, and why we need to develop base-load mechanisms for renewables such as battery storage."
A much more interesting interview is the recent one with Fortune here:- https://www.youtube.com/watch?v=V_uMw4wmdjw
you can see exactly what he is aiming to achieve and the scale of the opportunity that we have sitting right in front of us.
I can see exactly where you are coming from there Alfa, god knows they suffered enough under the likes of 'us'.
I'd imagine if FM can offer up a wholly SA solution then it will fly.
that interview is actually very interesting because it reveals the point where he is coming from. He is still viewing things through the post-colonial/ post-apartheid lens and this comes through when he says he doesn't want to simply dance to the west/europe's renewables tune.
When the answer to the request 'can you have more renewables and storage' becomes 'yes we can and would you like to buy our storage systems' people like Gwede will finally get it. Normally this never happens because the technology is controlled by western companies and the host countries feel like they are being forced to take technology and pay for the privilege. BMN's approach is novel because it has manage to turn this status quo on its head. South Africa needs more like it.
oh that is easy .. the ANC is very split and he carries a lot of support in the hard left/marxist end who think state run everything is the answer.
Why do you think Ramaphosa is only making limited headway ? You could read in his SONA speech he gets it !
It begs the question how he got the job and the hell is he still holding on to it. The man can't see the wood for the trees.
"I have never run a business" ...."I am an old school marxist"
Says it all really .... more filibuster and delay from a man who feels invulnerable... measured and calm was fine 12 months ago, but since then practically nothing has changed
.... great back up post @Alfa
if you read that then you should also read the followup:- https://mybroadband.co.za/news/energy/339743-here-it-is-the-available-renewable-energy-which-minister-gwede-mantashe-said-does-not-exist.html
https://www.ee.co.za/article/interview-with-minerals-energy-minister-gwede-mantashe.html
Thanks to BBN and Chris Yelland on twitter for helping me spot this.