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Find out end of this month
I'm assuming we've lost any money we once held in this chit chow?
Should hear more news by end of month
Doesn't look like this will ever come back soon- what a waste of time
Nice of DG to give himself a pay rise xxx£120 k a year
RNS yesterday:still alive
More vanadium batteries - a 100MW/600MWh VRFB in Baicheng, China
"Polaris Energy Storage Network learned that on April 10, Jilin Province started a record-breaking 108 new energy projects, with an installed power generation capacity of more than 7 million kilowatts and a planned investment of 25.2 billion yuan this year. China Vanadium Energy Storage (Hubei) Technology Co., Ltd. and Shanghai Electric Group Co., Ltd. invested in constructing a 100MW/600MWh vanadium redox flow battery energy storage power station in Baicheng. It can also be understood as a super "clean energy" power Bank".
Xie Guangguo, chairman of China Vanadium Energy Storage (Hubei) Technology Co., Ltd., said in an interview that China is building a new power system with new energy as the main body. The intermittent and random characteristics of wind power and photovoltaics have brought new opportunities for the development of the energy storage industry. Compared with other energy storage technologies, the all-vanadium redox flow battery energy storage technology has higher security and great development potential.
20p is not the £15M placing price, it is the price that Garnet have effectively got for their share of Enerox Holdings.
The assets that Garnet, Bushveld and Acacia are bringing to MUST (all of Cellcube/Enerox) are worth MANY times what the original asset value of MUST was (around £3M quid for an essentially empty shell company) - this is reflected in the fact that the total number of issues shares is increasing from 10M to something like 350M.
At 20p per share, if this was achievable in the placing, MUST would be worth around £70M which is similar to the valuation of Cellcube's nearest comparison company, Invinity (IES).
If anyone wants to complain about paying 30p for a share in an empty shell that then becomes worth 20p per share in a company with real technology growth potential in a rapidly growing market, then they are in the wrong business, and should try fantasy fiction instead. Either that or learn how to get to be employed by market movers and shakers like Garnet and Bushveld that are in the strategic position to drive the business forward and only pay 20p instead of the 30p that completely in-the-dark private traders were able to pay 2 years ago.
The Fundraise of £15 million (under Fundraise) share price to be determined"
Says it here:
the sum of US$25,666,667, to be converted to Pounds Sterling using an exchange rate of GBP£1.00/US$1.225 and to be satisfied by the proposed issue of 104,761,905 new ordinary shares in the capital of MUST issued at a price per share of 20 pence (the "Consideration Shares"), credited as fully paid and free from any encumbrances and ranking pari passu in all respects with all other issued ordinary shares.
20p
There you go!! At what price will the £15 million placing g be at?
Shouldn’t have to do that. In any case, why would he tell a complete stranger via email what he should tell the market? Its either been extended or hit the rocks.
Email DG;he will reply
No idea what is going on here but the company should have updated the market as the maturity date lapsed again last week. I doubt it’s the FCA who are dragging their heels as this sort of thing is something they do on a fairly regular basis. To be suspended for almost 2 years and not give shareholders an update is very poor.
Not according to DG,but yes has taken to long
I think this is done and dusted ..been to long nothing from the board for a while ...im sure this isn't coming back
When mustang return stock market?
We are still working through the process:hoping to publish an update asap(emailed received!)
Have emailed DG twice over the last 3 weeks:No reply:either news coming or we have done our money!
Coming up to 2 years being locked in here and no news on a recommencement of trading. Surely we’ll all be rewarded with at least 50p GLA
They do seem to be slow readers.
We are still grinding through the FCA process:I also didn't think it would take nearly 2 years (email received from DG)
Nothing to report FCA closed 16 December/3Jan
Email silenc;Last time that happened an RNS was delivered (as he couldn't say anything) Here's hoping
Must go through FCA process,but hoping asap(email received)