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Started: ShareInvestment, 22 Jan 2024 10:41
Last post: pumpky, 20 Jun 2024 18:02
Not sure about you bushveld shares but you receive 1.9 shares in Mustang for every 1 held in CYK
Sorry Blue! What'll happen to my Cykel and Bushveld shares then? Please.
It looks like we will be up and running next Thursday then.
Less than a month to wait (Hopefully) 😆
I am up 19% up on my suspended Mustang shares"hòping after 3 years I can make a little more profit
I bought my Must shares a few months before it was suspended, around 20p, so at a 10p IPO it would have to double to break even. After 4 years I didn't expect them to pull something off, let's see how it goes.
22000 x 1.91"what they're worthwhile have to wait and see
205,183,350 shares in issue with 59,385,170 outstanding warrants.
No idea I'm afraid.
Brittany do we know how many CYK shares there are in circulation?
Started: Sammybow, 28 Mar 2024 09:16
Last post: pumpky, 9 May 2024 10:10
Dead line day tomorrow 🤪
Another Extension 😆
Getting closer £200k 'No interest 3 investors
Temporary suspension April 2021!!
I’ve genuinely forgotten when this fiasco started, were the shares suspended in April 2020 or April 2021. Can’t remember if it’s 3 years or 4 years. Can anyone remember?
Was told directors were not getting paid "Dg has had £180k in the last 2 years
Good news? It's just kicking the can down the road another month
Another Extension is that 3 or 4 years now?
Today - good news
Started: Sammybow, 5 Jan 2024 12:20
Last post: DarrylJ, 19 Jan 2024 13:28
MUST have a history of things running smoothly. lol
I reckon April for readmission if all runs smoothly.
Surely, the day this can resume trading is closer than it was before today's announcement. Before, we were waiting to hear what acquisition they were planning. Now, we know what it is and a draft prospectus is already lodged. If they're hoping to get a formal prospectus issued in Q2, then if it all goes through I can't see it being a full year before this relists either.
Yes - crazy. But great news for Cykel shareholders!
Add another year on with that RNS. Crazy.
Started: Sammybow, 23 Feb 2023 07:38
Last post: pumpky, 4 Dec 2023 12:24
Not looking good now
Hopefully after Xmas
Progress I think
Sometime in 2024
Poor communication by the BOD to the Shareholders here. I realise things are complex, but some communication in layman’s terms would be very useful i.e. we expect to commence trading again by????
Started: Sammybow, 4 Aug 2023 14:44
Last post: pumpky, 29 Aug 2023 13:34
Hopefully news this week
Who knows when!
At least we will get something back
but when ?
There it is;over 2 years:and if/when readmitted 20 pence a share
Update from Must within the next 7 days???
Haven’t seen it yet!
Started: Justdandy, 16 Apr 2023 08:36
Last post: Justdandy, 16 Apr 2023 08:36
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.
Last post: grasshopperblue, 13 Feb 2023 15:54
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)
Yes,just email him and he will reply
Have you had a response back from Mustang regarding this?
Thanks,
Will be issued soon,waiting on a few more details from regulator
Hopefully Tomorrow …..
Was told that a RNS would be issued last week
I believe we should get an RNS either today, Tuesday or maybe Wednesday to extend the Maturity date if no further progress has been made with regards to relisting. Purely as it'll be 28 days over the maturity date to extend the CLNs which were dated 31st July.
Started: Sammybow, 17 Aug 2022 09:13
Last post: Sammybow, 17 Aug 2022 09:13
Very little communication from the BOD here over the last 18 months. Can we have some information on approximate timings of when things will happen?
I missed thec3rd August RNS;here's hoping
Obviously being extended again
there is a post on the bmn board which refers to mustang.
Started: superzero8, 22 Jun 2022 08:39
Last post: superzero8, 22 Jun 2022 08:39
Started: BoNidel, 8 Mar 2022 22:56
Last post: pumpky, 27 May 2022 08:49
Emailed Dean@Mustang ;FCA are looking at proposals now
Cannot find it
there is a RNS out extending to 31 july
We will find out hopefully in June(at the earliest)
We need to see the deal first. 30p min for sure
Started: fatbanker, 25 Jan 2022 21:05
Last post: pumpky, 8 Mar 2022 11:30
Better late than never:Hopefully relist asap
will this one do you ? ...
https://www.lse.co.uk/rns/MUST/vrfb-h-successfully-defends-litigation-4nflgren33omayi.html
There it is!
Where's the RNS I was promised either yesterday or today!!!
Yep;hopefully relist and SP flies xx
Started: joetrader, 18 Feb 2022 00:11
Last post: pumpky, 3 Mar 2022 07:07
Yes:later this week;obviously tomorrow
Have you had an email from Mustang?
This week xxxx News(apparently not game over)
No news as yet;is it all over?
Hi
Found this on the BMN board, sounds like we'll know before the 28th February ???
https://www.investegate.co.uk/primorus-investments--prim-/rns/general-update---clean-power-hydrogen-investment/202202160700077883B/
Mustang Energy
Further to the Company's announcement on 19 January 2022 the court case is ongoing, and we will provide notification of the outcome as soon as we are made aware of it. The outcome of the court case will, however, enable the Company to determine which of the conversion options detailed in the announcement of 19 January 2022 will provide the best returns for shareholders. A decision on the conversion options is expected to be made on or around 28 February 2022.
Hope so
Written this investment off -so positive outcome will be a bonus now
Would expect an RNS Tomorrow hopefully and see where we are
Started: MrTrotter, 4 Jan 2022 10:39
Last post: fatbanker, 20 Jan 2022 17:54
the case is scheduled for 5 days, today was day 2. if you have time and inclination you can watch the case on your laptop.
https://www.gov.uk/government/publications/business-and-property-courts-rolls-building-cause-list/business-and-property-courts-of-england-and-wales-cause-list#commercial-court-queens-bench-division
sections 2.4 and 4.1
Can find some information over on the BMN Board
My money has been stuck for a while
So any news ?
Started: Clones, 14 Dec 2021 07:35
Last post: Clones, 24 Dec 2021 15:52
It depends if they have found other investments? If not I think it is pretty gloomy as there will be no underlying asset.
Are we doomed after 31 December ?(Re RNS)
Thanks
I emailed the company and they stated this, clearly delayed now, but shouldn’t be long.
Why this week?
Started: WindSkipper, 11 Jun 2021 20:16
Last post: pumpky, 13 Dec 2021 12:11
Yes:that is the case:shares to be given back to BMN end of December;not sure what is going to happen with our shares
I thought the suspension was a result of the legal case being brought by Garnet Commercial against VRFB Holdings over their Mustangs stake in VRFB-H. Is that not the case?
That was what I received in an email from company
Results due end of month;No new news on RTO;But shouldn't be much longer:
Guys I am not holding here. I was, just not when suspension happened.
You might be in for a long wait still. I was holding BOU Bould Opportunities for 19 months (suspended for 6 and delisted for 13) before RTO/relist.
I hope it's profitable for you and the wait is not too much longer.
All the best.
Started: Sween80, 6 May 2021 11:38
Last post: RollingInIt, 11 May 2021 21:08
Well, an outline of a protracted timetable has emerged from their Annual Report, yesterday, with the following:
______
As at the date of this report, the Company has announced the acquisition of a 22.10% shareholding interest in VRFB Holdings Limited (the “VRFB Transaction”). Given that the Company has been in active discussions with the relevant stakeholders in connection with the VRFB Transaction for the past several weeks, and because the Board was wary of the significant risk posed by other interested parties making offers should negotiations between the Company and such stakeholders become unduly protracted, the Board resolved that it was in the best interests of the Company and Shareholders as a whole if the VRFB Transaction was prioritised ahead of calling a Shareholder meeting to vote on the Board’s recommendation.
______
Fully understand adopting the sequence of events above and it demonstrates commercial intelligence. Pleased by that.
______
Notwithstanding the announced VRFB Transaction, the Board shall propose a resolution to Shareholders at the Company’s 2021 Annual General Meeting, to be held in June, in line with the commitment that was contained in the Prospectus (such extract as set out above). The Board will unanimously recommend to Shareholders that they vote in favour of the Company continuing to pursue an Acquisition for a further 12 months, the Acquisition being the VRFB Transaction. Shareholders should note the VRFB Transaction remains subject to certain (additional) Shareholder and regulatory approval,
*** and which the Board currently anticipates will take between four and five months to conclude. ***
The Company will communicate with Shareholders at a later date in respect of such additional resolutions that they will be asked to vote on.
_____
However, conversely, the second extract above demonstrates, for me at least, a distinct lack of pace, particularly as key resolutions to unlock progress will be made at the AGM in June.
Four to five months to conclude the purchase of a percentage interest in an existing operating enterprise, regardless of 'wooden dollar' complexity. Not impressed by the lack of pace at all. Let's hope it's simply a case of 'under promise and over deliver'.
Thanks RII.
Like you I had no interest in selling but not great to have the opportunity taken away! And I share your conclusion on what next... ... haven't the foggiest!
Sween
Well, it's an 'of the moment' sector. Here's Myles McNulty's take on it from a BMN perspective in a recent tweet.
_____
A class interview from #BMN's CEO.
BMN has been - and continues to be - a major catalyst in driving the growth of what looks certain to become a multi-billion dollar market: VRFBs, for industrial-scale energy storage.
A market dependent on BMN's highest value products.
Genius.
Quote Tweet
Bushveld Minerals
@BushveldMin_Ltd
· 6 Apr
Bushveld Minerals CEO, Fortune Mojapelo provides an update that Bushveld & other investors are investing US$30 million into Enerox, a leading #VRFB manufacturer, providing the company with capital required to increase capacity to 30MW
_____
If ever I get the choice by having advanced notice (such as COPL), I will always opt not to remain invested during any temporary suspension, regardless of possible uplifts on relist, for exactly the reason you've just highlighted.
There's no timetable, other than a final date for the transaction to complete. Here, I had no choice but to remain invested and it's a relatively small % of my investing pot, so I'm not overly perturbed but I never appreciate having a choice removed to sell a stock of ever I wanted to, not that I was looking to sell here yet. It's just a personal preference, never to be controlled by someone else's pace or lack of it.
The short answer to your question .... I haven't the faintest idea.
Intrigued as to what others thoughts are for likely next steps?
Have never found a stock myself with a stock in this situation previously.
Started: Itsouthere, 27 Apr 2021 21:45
Last post: Itsouthere, 27 Apr 2021 21:45
Invested $2.4 million in Must,look what their £630 k did in GGP?x10
Started: Brad29, 27 Apr 2021 09:07
Last post: Brad29, 27 Apr 2021 09:07
Congrats on this morning been watching and didn't buy on the dip gutted now. Good luck
Started: Clones, 27 Apr 2021 08:27
Last post: Clones, 27 Apr 2021 08:27