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.
for anyone still out there....and we get some news......keeping the comms open and running!
Here’s hoping!!
PC
Network Rail seems to have been the most affected by the power failure but many other businesses must have been as well albeit for a far shorter period. Had these businesses had battery back up connected to their own solar panels for instance then they probably would have carried on operating normally during the outage. Even NR might have survived had they implemented their plan to built renewables along side their tracks, connecting it to batteries. Whether this is economically feasible is an arguable point but it must be another selling point for RED.
Mike and others - if you want to understand what happened in last week's power cut this is the best explanation I have got from one of my contacts:- http://www.ukerc.ac.uk/news/what-happened-electricity-system-fri-aug-9-2019.html
Good article. If RED can hang around long enough, the RTO and fundraise should enable that, then the market, which is turning in their favour, start to order in bulk IMHO. The latest Grid failure should put political pressure on the NG's decision makers.
US energy secretary talking to CNBC re energy!
(8 mins in ) very positive about battery technology......though not 100% committed to the whole climate change
debate, revolving around being man-made!!
Didn’t rise to the bait whilst being questioned!
Still, could be a good start for a joint venture in the USA !
Check out (Rick Perry CNBC television LNG exports)
(the 11.46 video works the best!)
PC
Mike - I would say you have it about right.
Blahblahdoh, re Gresham House and the fund raising. In my view they are not going to be investors. The fund targets income producing shovel ready or near shovel ready storage sites. Redt and Avalon do not fit this profile. Perhaps Bushveld a vanadium mine producer who stated they have a Vanadium Pentoxide electrolyte lease agreement with Avalon. More likely someone who has invested in Avalon and wants a market value for their investment via a quoted company RED.
"substantial preliminary support for the Fundraising from a strong new strategic investor that intends to make a cornerstone investment in the merged business"
Suspect this might be Gresham House? They recently set up an "Energy Storage fund which is investing in battery storage solutions"
Well GreenmanDK. Avalon merger or reverse takeover is only a memorandum of understanding. Avalon is a private US company that probably also needs cash to continue. Pot loads of money injection seems to be a precondition of the merger happening. We can reasonably assume that existing RED backers have run out of patience with the promises to deliver this and that . The German deal and the Anglian Water deal are both about a year old now and there is little sign of progress on either. It needs an agreement or end of the merger plans to lift the shares from suspension. Then the share price will respond if it is packaged that way . I think any new investors will want more than a pound of flesh and a big deeply discounted stake. That typically will make trades happen at the lower price like the open offer and placing in March.
Hi, can someone please explain to me when the market will reopen for RedT Energy? and why has it been suspended? Usually when there is a takeover in the works the share price jumps up but the market is still open?
Asking for a mate....
Thanks
https://www.google.com/maps/place/Piddlehinton,+Dorchester+DT2+7TU/@50.7765753,-2.3953785,461m/data=!3m1!1e3!4m5!3m4!1s0x487250ff20e7fe81:0x92b26fab8b1b0491!8m2!3d50.7756269!4d-2.3937768
htTps://www.google.com/maps/place/Piddlehinton,+Dorchester+DT2+7TU/@50.7765753,-2.3953785,507m/data=!3m1!1e3!4m5!3m4!1s0x487250ff20e7fe81:0x92b26fab8b1b0491!8m2!3d50.7756269!4d-2.3937768
Thanks Alfacomp. The technicals are lost on me but the business connections are encouraging. To look at it the other way, what does RED bring to the party that has attracted Avalon. I was told by someone who attended the AGM that Avalon were more interested in the personnel than the IP. Certainly RED have a lot of guys and many of these are experienced in moulding RED's offering to the customer's requirements bearing in mind all the legislation surrounding the energy business in the UK and EU, not forgotten their presence in OZ which hasn't been exploited to any degree yet. In fact I'm quite disappointed that we haven't done more in OZ as this market seems ripe for what we've got.
Mikemine - Avalon clearly have established relationships with NextTracker, having sold more than 130x of their 40kWh VRFB units into multimegawatt PV schemes in China. These are very nicely DC coupled to the PV strings so that inverter losses are eliminated. Avalon of course also now have established supply agreements with Sandbar solar in California and electrolyte leasing agreements with Bushveld Energy.
I'm not sure what Avalon bring to the party other than an increase in overall size. They may have access to funding that depended on this merger but they don't bring money of their own. Their technology doesn't appear better than RED's unless Gen3 doesn't work which I don't believe is the case. Maybe their sales team is more on the ball and better connected. I just don't know and I don't think RED has explained that in sufficient detail.
Audio
In answer to your question!
I think the majority of investors that bought into the story, realise it’s full potential!
Unfortunately, it’s had too many false dawns, which stops existing investors from pumping any further money in!
I’d like to think in 6 months, we are back into double digits, with a number of cracking orders showing the way forward!
Cannot look three years ahead on this one!
But, for now,we have no option but to hold till, hopefully, get closer to my average, it’s then the time to decide the next course of action!
PC
I know some of you (me included) have lost a huge percentage of your original investment and, like me, have probably written it but stayed invested.
I feel pretty optimistic about this but what are other people opinions?
Do you see this merger and potential diluting pushing the SP lower?
Where do you see this in 6 months/ 36 months time?
Would you buy more on the back of this merger with Avalon?
The element that really baffles me with Red is why zero sales with Gen 3? Ignoring the Anglian order (which is a total embarressment) why no small scale units sold? I can have a guess that in late 2018 as Vanadium rose they priced themselves out, but that pricing issue resolved itself, so perhaps a dliberate strategy to target the large orders only. In all probability a huge mistake if this was the case considering the total failure of 2019.
The only other consideration is that the Gen 3 model is not working and Red cannot get it to work. The planning excuse wears thinner and thinner as the year goes on.
Still "invested" with an amount that is small enough to write off, but extremely pessimistic whether I will see anything back at all. Avalon have fallen for the headlines and think this RTO is a way into the European market and yes these machines are better explained as batteries.
Good podcast with a knowledgable interviewer. It doesn't sound as if Avalon are any further ahead than RED in development. I've heard that the interest from Avalon is not in the IP but in the personnel RED has. Certainly there are enough of them. The more I listen to these interviews the more I'm confused as to why there hasn't been more traction with flow machines. One small point but could be important. Avalon calls their units batteries whereas RED insists in calling them machines which might be technically correct but might create uncertainty in the buyer's mind. Calling them batteries is much better from the marketing point of view IMHO.
I think this merger is fantastic news. Yes, we have to regain momentum but we have a hell of a lot more muscle and presence to do that with now. McGregor screwed up big time and has lost us at least a year. Not to mention cash. But I'm convinced this merger will get us back on track as well as growing fast in a few months.
With thanks to “blue chimp” over on Advfn.
Sounds very similar story here, with similar ambitions, also considering residential model in the future !
We think this is around 6 months old !
https://player.fm/series/the-energy-show/flow-batteries-with-matt-harper-from-avalon
We can only hope, the combined business attracts enough new money, to get it over the line and into the thinking of the mainstream energy storage market!
PC
We shall see.
Given the instability of Redt I would have concerns but now they have merged (or possibly are about to merge) with a company that is backed by Foxconn and have agreed a leasing model with BMN for Vanadium other things now come into play.
I would certainly be more confident as a potential customer in that scenario.
Although I do accept your point is this really the lost cause we all seem to think it is?