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RNS today or Monday would be a nice way to confirm the recent trend of new orders ramping up, or maybe some news from one of the partners.
Wouldnt want to be out of this overnight, let alone the weekend.
Wouldn't want to be out of this over the weekend , LOL.
Could be! ??
This week!
Agreed Shareman, great comments.
Rob Richards is really driving things forward at a pace. He’s a man on a mission. When he say ‘very near term’ I’m hoping for something next week.
https://www.miningmagazine.com/power-remote-power/news/1390795/black-tulip-turns-to-solar-power-for-ore-processing
The €200,000 (US$226,000) lightweight solar system will be delivered by London-based clean technology firm Verditek to Black Tulip Minerals' plant in Los Lomas, north Peru.
The solar panels, which will be used as part of a diesel-solar hybrid system, are to be shipped in September 2020.
"This project, although modest in size, is only the first phase of a multi-phase project as Black Tulip increase the capacity of their processing plant, said Robert Richards, commercial director of Verditek. "Verditek is confident of securing the additional phases in the coming months."
Black Tulip is upgrading and reinstating a mineral processing plant which became dormant around three years ago after the owners of the plant were unable to complete their JV agreement with a North American mining company. The area is home to over 20,000 registered Artisanal Small Miners (ASM).
martyh,
I really liked the confidence expressed in the RNS of 13th July about new orders in the mining sector 'in the very near term'.
I also noted the comment in the RNS from the Finance Director of Black Tulip Minerals SA "We are absolutely delighted to have formed a partnership with Verditek. It was always our intention to become more focused on green energy moving into future projects, however when this solution was presented to us it made perfect sense to integrate the latest technology in solar panels on our first gold processing plant in northern Peru. This means that during daylight hours our plant will run entirely on solar energy reducing our carbon footprint by around 50%, with a very short pay-back period compared to the associated diesel costs. We are on the verge of commencing operations at a starting capacity of 50 tonnes per day but we plan to steadily increase this to 300 tonnes per day adding Verditek orders at each stage to power our plant during daylight hours." Other mining companies will no doubt have taken note.
I think the share price will be news driven over the next few weeks, and will be driven higher by more orders.
We know about the following potential orders: (please add if I’ve missed any)
*Mining sector. New orders are due ‘in the very near term’.
*Marine sector. In the 2nd July RNS they said that ‘on the back of Verditek's first order in this industry vertical, Verditek expects to cement its footprint in the marine market in the coming months both in Thailand and in other geographical locations.’
They are talking to seven or eight boat companies so I’m hoping new Marine orders will come very soon.
*Transportation sector. From the Paul Harrison video, they are in the process of doing a deal with one of the world’s biggest distribution trucking companies. I suspect this is through our agreement with IM Efficiency (RNS of 27th April 2020).
IM Efficiency is in a final pilot test and expects to supply 4000 trailers with solar panels in the near future. That’s about 20MW. That would be a EUR 20m+ project for Verditek.
*Oil & Gas sector. Huge scope here but they’ve specifically mentioned the 2GW opportunity for Middle East drilling rigs. Any news on this front could be a company maker.
Other than this they’ve said they are targeting Australia for mining, marine and agricultural orders.
This is just the stuff we know about.