Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Given the previous RNS if you were a potential customer about to place an order for a £1M of kit that is not that supportable except from RedT then what would you do?
I am currently just a bit more positive about Redt now.
The Vox markets site today says
REDT ENERGY (RED) announced that one of its 300kWh flow machines has passed testing from National Grid’s FFR service, one of the most valuable balancing services available in the UK market today.
I agree with your sentiments 13th monkey.
I also have a practically worthless holding here having lost 80%.
But the company now looks like it has the possibility of not only surviving but actually achieving something so I shall be staying in for the ride.
After all, they are in a business sector that will explode over the coming years and if they get just a small chunk of that..
Yes I guess my 1p shares may be worth a fraction of a penny in the short term but who know in 3-5 years.
I shall watch this carefully - who knows if I feel its going in the right direction in a few months I may even buy when the dust settles.
You said yourself yellowf1 "I have no doubt it will survive" - you wouldn't have said that last week.
Yellow, there is no point in being anything but hopeful, i'm not that far into the hole on this, but what's left right now is barely worth selling vs the possibility that something might happen.
We don't have any choice about what happens here, we're very much along for the ride, we could have gotten off ages ago, but we didn't. Perhaps it'll turn around, perhaps it won't, at this point not turning around is not that much worse than where we are now. There is a need for this product, or products like it, they work, the economics may eventually make sense, could it work with this company, this board, maybe/maybe not.
Why is Avalon valued at about 3 times RED's valuation at 1.65p? Can't find out anything about Avalon's revenue etc.
Strange........nothing for months.............then just before AGM..........positive bits of news!
Still hopeful here !
PC
RedT Energy PLC redT qualifies for UK frequency response service
Wait for the consolidation prior to placing
1.65p was hoping for better but at least it didn't go under.
https://twitter.com/VSACapital/status/1154287519569260544?s=20
Ball park 1,800,000,000 shares are going to be issued for Avalon? And then a further £24m raise (1p or less, given past history?) = another 2,000,000,000+
It might save RedT from the scrap heap, but it's not looking good for any potential returns for LTHs.
Continuing to view my holding as written off.
Well, I guess that this morning answer your question about whether there will be an RNS before the AGM this year. Presume the AGM still has to happen - anyone attending? I did last year (mainly because it was within a bike-ride away), but not this year. I think that have mentally written off my investment in RedT - down up to 92% at one point, but couldn't be bothered to sell. May recoup a little of my loss here, but who knows!?!
Well following on from my question of whether RedT have negotiated a V-supply agreement with BMN it seems that they don't need to as Avalon already have such an agreement with BMN. With respect I think that the proposed merger is about the best that the employees and existing shareholders of RedT could have got.
this reads about as well as one could hope. There are no financials on Avalon's website, but these days a public listing is difficult to get and I suspect though this being deemed an RTO, that Red is getting the better of the merger ration based on sales, etc because Avalon management and shareholders are particularly keen for a public quote and Red management were able to improve their bargaining position as a result
After today that is a done deal via Avalon - you will already be aware of the Avalon info but since they will now be one and the same as Red, well that element seems to be wrapped up
https://www.proactiveinvestors.co.uk/LON:BMN/Bushveld-Minerals-Limited/rns/LSE20190610090622_14104585
RedT Energy PLC Proposed Merger with Avalon Battery Corporation
Source: UK Regulatory (RNS & others)
TIDMRED
RNS Number : 6344G
RedT Energy PLC
25 July 2019
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS RESTRICTED AND IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR AUSTRALIA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL
25 July 2019
redT energy plc ("redT")
Proposed Merger with Avalon Battery Corporation
Suspension of trading of Ordinary Shares on AIM
Pinecone - indeed I tweeted about the presentation at the IFBF here:- https://twitter.com/BMNperspective/status/1148603870395936768
The only question is whether RedT have negotiated anything with BMN or not. In the time of Bolgas the idea would have been inthinkable, but he is gone now and those left here might wish to consider it.
Day before AGM - 26th July 2018 - RNS released!
“redT signs exclusive deal to deliver more than 700MWh of projects supporting German grid, with 80MWh as first phase deployment”
Could we see another?
Let’s hope this time we are not thrown another wobbly!!!!
PC
Vanadium Pricing!
Thanks to Zero the hero on Advfn
Vince Algar, managing director at advanced explorer Australian Vanadium says:
“The important thing about the leasing model is that it is unaffected by fluctuating vanadium prices. And it allows the producer, battery maker, and financier all to benefit”
“Those leasing deals are already starting to happen, and they are probably directly impacting the increasing rollout of flow batteries.”
Let’s hope he is right and we get some concrete news on Friday!
PC
That pp being granted would surely be public Knowledge, and you wouldn't have to be a genius to track the planning portal of that council?
As far as I can see Planning Permission was granted last Friday.
http://www.southoxon.gov.uk/ccm/support/Main.jsp?MODULE=ApplicationDetails&REF=P19/S0623/FUL#exactline
Obviously this rns was leaked Fri, would explain the increase in volume and large buys resulting in the rise. Possibly scotty letting mates out or people he would rather not be on the wrong side of. I don't think he understands the gravity of this situation.
yes
RedT Energy PLC Planning permission granted for Oxford 'Superhub'