Tim Watts, CFO at Shield Therapeutics #STX presenting at our Life Sciences Investor Briefing Watch Now
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Details of the likely opportunities in the states for battery storage!
May not be Trumps area of interest, but big business can certainly see the financial benefits!
As for the temporary suspension!
News, any news, would be really helpful!
And here we are stuck in a limbo where the product would show many...........how they could delete coal power for good !!!
Still don’t think all is lost, taking that the presentation by Anglian Water wouldn’t be going ahead if they had any financial doubts about the project!!
Rosewall - there are some relevant articles on energy storage here:-
Not sure whether this signifies much, but both RedT and Scott M have been twittering from"Solar & Storage Live" in Birmingham. In Scott's case it was a tweet about a presentation by Anglian Water about their flow machine pilot. Maybe RedT aren't totally dead yet...
GRID – Gresham House Energy Storage Fund - seems a good idea, but doesn't seem to have got on with it at present. Usual advice on this. It's not a recommendation just a steer. :o)
Glad to say I came out of this 18 months ago, because I needed to raise some cash, and never got back in.
But I do think the way management has behaved needs investigating.
Of course you are right. I forgot that although they produce vanadium they have ventured into the energy storage market
Bushveld Minerals, ticker is BMN
I was going to get back in but the shares were suspended. Are there any other UK listed companies who focus on energy storage?
"Trading on AIM for the under-mentioned securities has been temporarily suspended from 25/07/2019 7:30am, pending an announcement and publication of an admission document."
Well it's now been seven weeks "temporary" suspension waiting for an admission document. Does anyone believe this merger is going to happen?
I wait to be pleasantly surprised, in the interim my previous opinion stands. This will drift on to November, they will go bust and the "assets" pre-packed for a song. Lehman Brothers and the hope of Barclays riding to the rescue springs to mind - why pay over the odds for something you know is going to fail when you can pick it up for peanuts after the event?
mjb606 I think mentally writing this off is the best thing you can do. Even with current Vanadium prices being very supportive of VRFB where are the sales? Would you buy a proprietary VRFB with an expected 20-30 year life from a company on the verge of bankruptcy?
Investors have been continually shafted by management.
I too am still around (intermittently). However, I think that I have mentally written off my entire RedT investment (not hard to do when 85% down), so anything more than a zero return would be a pleasant surprise!
Pinecone . It is a strange position to be for me.RED is now a pure play flow battery company that now has an apparent growth in potential sales opportunities compared to when I invested 3.5 years ago but a share price 7 percent of its peak under the RED share ticker. I guess the hope of those big sales by the investors in the short term are pretty well dashed and share price (before suspension) suggested few people believe it is a bankable proposition. The merger or reverse takeover wants the shareholders to stump up another 24 MILLION ponds or so . I think that is about the total of all the open offers and placing s in the last 3 1/2 years. The Vanadium price is at a lower and stable ? price. The intermittent renewables current and planned growth on the grid in the UK looks like it needs higher carbon spinning reserve or pumped hydro/ batteries to act as a belt and braces back up for grid power station failures. Radio silence for over a month from the company. The cash runs out in November . On my cynical days I wonder whether management will wind up the company and consider buying what remains for next to nothing.
for anyone still out there....and we get some news......keeping the comms open and running!
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!)
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....