Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hi Feeks. Had a look at the Battery last night. Still not convinced Lithium is better. Have a read of this Feek. VFRB's are just so much better in my mind.
https://electrek.co/2017/12/21/worlds-largest-battery-200mw-800mwh-vanadium-flow-battery-rongke-power/
Any temp.
No degradation
20 Year use and the vanadium used is recyclable
No heat produced
Safe storage
Up scalable to huge sizes
Better for larger units
VFRB's are better for the whole of humanity. Tesla is pushing Lithium heavily but for bigger solar and wind storage units, VRFB's make way more sense.
Thanks Feeks. Will take a look at them tonight.
DBarlow that is exactly what I am saying. In fact, advanced XNRGI tech has the capability of embedding batteries in the panels themselves.
I agree the XNRGI battery has tremendous potential and as it is extremely thin and flexible - but have you considered that their battery could be combined with VDTK solar panels to offer both energy collection and storage?
Weathergeek -
XNRGI has developed battery technology which can withstand extreme heat without combusting. It can operate in excess of 55ºC, which makes them suitable for hot, humid tropical climates.
I believe many people have focussed on Paragraf (which I agree is massively important for the future) but they will have overlooked the transformational commercial possibilities for solar which will come about just by making continued improvements in battery storage capability. It is the Holy Grail for renewables, and the signs are good when you look at what XNRGI has to offer at very low capex (95% cheaper than traditional lithium ion), and also lightweight.
Thanks for the info Feeks - sounds exciting
Ahh, Thanks Feek. I still hold a few WSG. Got stopped out but bought some more on a dip few weeks later as always a believer in the PPE going bigger for them enough to be material. Was reading the board yesterday but seems so much hate for the BOD I don't bother posting. Sorry onto VDTK. Not a fan of Lithium batteries when you see what VRFB's can do. So much safer and more economical. Maybe an email to BMN to offer VDTK another option going forward. Large Lithium batteries are ticking bombs. More and more fires will happen the more these are rolled out. For me VRFB's are far better for big solar projects.
Cat - good man, there is a lot of well informed comment on a a range of stocks - not all of them blue-sky by any means.
The company is working with XMRGI on their revolutionary lithium batteries, who are selling into the Indian market -
https://www.pv-magazine-india.com/2020/03/16/us-based-xnrgi-opens-lithium-ion-battery-factory-in-india/
With a decent battery thrown in serious potential here. Work their way down to West Africa where power cuts the norm this could be huge
Feeks,
IMO - free cash flow should be the bottom line change in cash of a business after all expenditure (including capex).
Rob has said they expect to be generating free cash flow within 2020. I take this to mean that by the end of 2020 they will be in a position where they have more cash at the end of each month than at the start of each month.
Of course, something like a new factory wouldn’t be factored into this.
I subscribe to Michael Walters. Great update yesterday.
I think maybe a tie up with XNRGi.
Feeks maybe able to add to that.
Hi Bananaman,
Need to do a lot more research here. Always buy in batches so just the first one today. Thinking of emailing the company and mentioning VRFB's and BMN. A joint venture for battery storage on the solar units or does VDTK already have that in place?
Thanks to anyone who can fill me in a bit. It's much appreciated.
Weather geek.
I have a feeling this 2gw capacity may be agriculture and the roof space on barns. Not the most structurally sound building but can accommodate the verditek panels due to the reduced weight.
There has been an increase in solar farms and agricultural land being used to accommodate panel space. Potentially no longer need the ground space as they can situate a few kw on the barn roofs.
I am in the process of subscribing.
For sake of argument how does one define "free cash flow"?
Also, out of interest, who else subscribes to the Mike Walters site?
Took my first batch here this morning after reading the RNS and having a quick look. Order filled at 9.1p in my SIPP but no joy in my ISA. HL have my SIPP and always better with buy orders.
Will keep researching, looks like a great future here and ethical to boot. GLA
Feeks,
Like you this is now become a large part of my portfolio. No intention of selling any though.
I believe the current factory can be scaled to 50WM with little additional cost.
We then have the option to open a new factory of our own, license out the manufacturing, or a combination of the two.
We’ve spent time and money on R&D perfecting the technology. Now that we’ve perfected the technology I think we can use fairly standard equipment to manufacture the panels that isn’t too expensive.
Total cumulative property plant and equipment cost were only £658k as at 31 Dec 2019.
I think the company could fund another factory itself if needed.
In the recent results RNS we were told:
In the first weeks of my tenure, I have addressed the overheads within the company to make us lean for a more fit for purpose, hence significantly reducing the monthly burn rate. I expect that with the reduced overhead and expectant ramp up in revenues that we will be generating free cash flow within 2020.
I came across VDTK from another FinTwit user (Wilfred Van Dorf) who recommended a liast of AIM listed clean energy stocks. I looked at most for them and concluded that VDTK looked the most promising! You are right, that VDTK could contract out manufacturing to a 3rd party. I just get the feeling (in my short time investing in AIM) that cash strapped AIM companies often take an increase in the SP to rise cash!
Hi Cat - interesting comments. I think you are right to keep eggs in one basket when it comes to AIM. Why did you choose VDTK, and how did you hear about it?
Can VDTK not just licence out factory production?
One thing worth remembering is that if the SP does re-rate we are going to see a rights issue to finance capacity expansion. I've seen it happen with the Cov-19 test companies (AVCT,ODX and GDR). But let's cross that bridge when we get there!
I have 95% of my money in funds focussed on global growth with major focus on the US, tech and biotech.I've only been invested in AIM for a few months. Compared to l-t investing in funds it is a snake pit! I worked as sell side analyst in Asia and London for 20 years covering companies like Samsung Electronics,ASML and ARM Holdings. To me AVCT and VDTK are high risk high reward stocks that have potentially got transformational technology. Early stage tech companies are always high risk, but in my view both companies have a fighting chance of commercialising their product in a way that I suspect is not the case of the bulk of AIM companies! I don't plan to diversify!
I am trying to remain rational and level- headed about the prospects. So to that I will just say, "I agree".