Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Very true re: dividends, and for those in early the yield could be more joyous than the crack of leather upon willow in May, after a cold winter.
HarChris, possibly; but even the experts are inaccurate with their predictions, just ask Terry Butcher, Waite or even Pearles. Whoever, any Terry, none of them know.
We'll do what we do, and I believe we'll do it best; owning the supply chain... Like Amazon (before they destroy the stock). Ba ha.
Bring on the results, get that in the rear view then onward and upward. Jumpers for goalposts etc..
Are you sure about that? It seems to me like this tight market may endure - is it not possible that the commercialisation of VRFBs as well as strong demand for vanadium strengthened steel leads to higher V prices long term?
"We all know these high spikes won't last forever and they need to get cracking with electrolyte production as a hedge against low FeV prices in the future. Then we might see a more stable SP for long term growth."
Very true, they'll have an order book that brings fixed-price recurring revenue - that means dividends.
@thereal007, Q2 + H1 2020 operational update was Sep 2 last year. Hopefully earlier this year with significant improvements expected.
2020 results due next week (by 30th) and may include some info on current situation in outlook and any associated PR interviews etc. (Crux and InvestorMeet planned for July).
Short term FM can do what he likes to help the local VRFB market as long as it is profitable. If he still makes two to three times compared to production cost for any product and he misses out on 4 times profit for the longer game then I'm not too fussed.
There will be far more money for BE if assembling batteries and providing mini-grids produces a multi-billion pound African industry.
We all know these high spikes won't last forever and they need to get cracking with electrolyte production as a hedge against low FeV prices in the future. Then we might see a more stable SP for long term growth.
Audited Results have to be published no later than next Wednesday ( 30th)
Just wondered, does anyone does when the next operational update will be? It may well be the catalyst for a raise in the SP when the Market knows performance is back on track.
$120kg/V -Nice problem to have. The sustainable level is likely to be less than half of that. Vfrb would suffer short term, but those prices would not last, but would put BMN in megs money just on steel sales. I'll take it!
just taking a quick gander at @dvfn board, sentiment there seems quite negative overall
It’s about a slightly longer game though isn’t it …..
Calamari’s concerns-
‘But if the V price gets too high users will switch to other types of battery or other solutions. A leasing option will do little to stop customers switching to an alternative, in my view.’
But he can snap his fingers when the price is $120kg/V
And sell it for $50 to his friends to promote VRFB which is what I'm referring to.
Highly successful investors like Myles McNulty state it as one of the main reasons they are invested so perhaps it is you that doesn't understand the importance of it/ where the company is heading quite as lucidly as others with far more investing experience than yourself and who are much closer to what's going on on the ground?
Who sets the vanadium price for BMN to sell Calamari? Answer Fortune..
I know electrolyte already has a premium way above the sweet $45kg/V so BMN will be able to keep that at a steady price to leasing partners and make massive profits without following spot price in a spike. The Invinity, Enerox and IDC/Eskom partnerships will benefit those against volatility no doubt.
What we can't speak about is other companies and start-ups as thats a different story.
BMN only need to worry about production costs being below $20kg/V to make massive profits without charging Rolls Royce prices to VRFB manufacturers.
Got to add that unlike handing a leased car back after whatever years of use.
The vanadium electrolyte will be as good as day 1 of the lease, and might even have increased in value.
BE claims "innovative" leasing models to further drive down costs of VRFBs". Innovation implies more than your standard leasing contract. The leasing model will take into account estimated price assumptions, not the vanadium price at any given moment. Better to wait and see rather than simply write off leasing as unviable due to the sensitivity of spot vanadium prices.
If vanadium prices are so high that VRFB investment becomes unfeasible, BMN’s significant increase in production over the coming years means they’ll be raking in hundreds of millions regardless – and that will be reflected in the SP. Cash is king as the end of the day, however it’s obtained.
Depends on how you structure your business as well, capital outlay an issue for some people, especially new enterprises, renting is good way to test the waters and it VRFB batteries are take up I imagine a fair numbers of companies will want to rent electrolyte rather than purchase, especially if it’s pricey
Cindercone - speaking about flying, around 70% of the aircraft in operation around Europe are leased rather than owned.
It's a long-established commercial practice. BMN is hardly reinventing the wheel with leased VRFB's.
Calamari you need to write to FM and MN to tell them they got it wrong.
Oh and Invinity while you are at it.
They will appreciate the heads up.
"A leasing option will do little to stop customers switching to an alternative, in my view.
You know nothing of the finances underlying the leasing option is - none of us do, so the comment is absurd.
Could someone else please explain to Calamari how the electrolyte leasing model makes VRFBs commercially competitive in a high Vanadium price environment? I’m losing the will to live on this!
Think the leasing would be on a sliding scale linked to v pric if you need batteries the cost will be the cost leasing will make it affordable on a monthly basis