George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I saw that, thanks:)
For example, the capital investment for the electrolyte manufacturing plant Bushveld is building for vanadium redox flow batteries, which is going to be the largest outside of China when it comes into production, is below $25-million for the use of some 1 100 t of vanadium a year.
Another South African example is Thakadu Battery Materials’ nickel sulphate plant in the North West, which required an investment of $20-million.
“So, the capital intensity beyond the primary processing infrastructure is very affordable,” says Mojapelo.
Best part...
The point I’m making with all of this is that right now, South Africa has one of the most exciting and arguably one of the larger battery energy storage markets that is presently available and addressable.
“If you combine all of this together, the big question has to be: How do we leverage all of this to ensure that we’re capturing the vast majority of that value chain? There are various things that can be done in respect of that but certainly one of the most effective tool is maximising the local content of the solutions that we’re implementing.
FTH
Good point. I seem to have 0.7% of shares outstanding. Really doesn't take much here does it.
Well well, isn’t this a very timely article released today by BMN’s CEO:
https://www.miningweekly.com/article/south-africa-has-opportunity-to-win-back-lost-share-of-global-vanadium-market-bushveld-2021-03-16
This is going to go mental on news. Haven’t been able to buy anything for most of the day.
I don’t think we’re going to have to wait long for news...
The master plan for Enerox should be unveiled soon being BE’s VRFB manufacturer for the African battery-storage industry.
Contracts are due to be awarded this month so should know lots more by the end of March.
Happy days ahead all
Have a great day
Do the sums peeps:
- No float
- 10m shares
Break past 60p, expect massive spikes and daily moves.
Seen this before.
Exciting development
Going to be a good week
Level 2 - 36p to buy
+15%
I’m addicted to MnS jalepeno nacho ridge cut crisps....
TMI..?
And, on Faceb**k, a few guys on Addicted2shares have started buying in. This should reduce the free float even further.
Zero trade as well. Does anyone has level 2 info?
FA should be revised to zero foat
Although the share price is 31p there’s only 10m shares in issue after Acacia receive their shares on Thursday. And as mentioned here, those shares are locked in for 6 months. Usually placing shares come onto the market post issue of stock but not in this case. Bottom line with Mustang is the market cap which is only £3m for a clean SPAC that’s less than 6 months away from a large battery acquisition. I think you are looking at a share price of a few pounds very shortly. That’s the reason the free float is minimal , because everyone wants a piece of the action before it multi bags.
FINALLY ..
someone is paying attention.
Significant Shareholders
As at 12 March 2021, as far as the Directors are aware, the following shareholders are Company Directors or interested in 3% or more of the issued share capital of the Company.
Name Number of Ordinary Shares. % of Issued Share Capital
Dean Lloyd Gallegos 1,630,000 18.93%
Richard Corsie MBE 1,025,000 11.90%
The Australian Special Opportunity Fund LP 1,000,000 11.61%
Acacia Resources Limited 800,000 9.29%
Optiva Securities Investments 645,000 7.49%
Curtis Burton 500,000 5.81%
Matthew Lumb 500,000 5.81%
William Richards 500,000 5.81%
Peter Wale 340,000 3.95%
Simon Holden 340,000 3.95%
Kevin Hornsby. 336,000 3.90%
Jonas and Catherine Chow 300,000 3.48%
Helen Leighton 300,000 3.48%
Adrian Whitaker. 300,000 3.48%
Alan Broome 140,000 1.63%
% LEFT = FA.
Don't know what FA stands for, but yes, no free float.
Is this correct t on the Mustang website regarding significant shareholders? If so there is basically FA free float available. http://www.mustangplc.com/shareholders.php
After this week’s rise....
Next move = ACACIA the next placement of shares at 18p take up looks now on the cards.
And the INVESTOR “can’t sell any of the placement until after 6MONTHS”= = MID SEPT
And it’s pretty likely 1 joins as Director at MUST.
Fireworks comes to mind.
And this is a very nice start for the week
Weathergeek, read a lot of your posts on Syme last year - you got a lot of stick and trolling on there which was very unfair. Hope you are doing good and wonder if you’ve checked out TRD ?
No doubt I’ll get cross-ramp abuse! Out!
Agree not a bad start to the week
Nice steady rise .on 1m volume.
Just the start, batteries is the rage from here...
Just added on dip. Too tempting.
Long long way to go from here, confident this will be a multibag.
Muliti bagger coming
Low float - you better believe it:
(Borrowed ..)
Shares accounted for... over 67% here ADD ACACIA to 67% = VERY LOW FLOAT
So not much free float at all.
Someone care to do the maths of this.
Dean L Gallegos 1,630,000 19.4%
The Australian Special Opportunity Fund, LP 1,000,000 11.9%
Optiva Securities Investments 645,000 7.7%
Matthew Lumb 500,000 5.9%
Curtis Burton 500,000 5.9%
William Richards 500,000 5.9%
Jonas & Catherine Chow 300,000 3.6%
Helen Mary Leighton 300,000 3.6%
Adrian Whitaker 300,000 3.6%
Add ACACIA .....?