Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
3,60p...... If we can break out of this range above 1.70p.
OF ... purchase agreement signed for 72 redT units (~5MWh) for a large UK grid project ??
So RED have an order for 72 units ? ... must have missed that
Martin, well we seem to be half way there.
When you've fallen 75% in a month based on doubts of the ability to continue trading, a 30% rise doesn't help much. We'll need a 70%+ rise just to get back up over the proposed placing price.
4.4p minus 72% = 1.2p
1.2p plus 72% = 2.1p
I am still invested, but I am sceptical about whether the company is capable of delivering.
OF, fully agree that the 2 items you highlighted should have been the subject of RNS's before the fund raise. Clearly the news blackout was to enable the SP to get near to what VSA wanted. It is a clear breach of the rules and SM should be brought to account. I thought i covered that in a non specific way when I referred to RED's history under SM, clearly not obvious enough. However, we are under a new CEO now who has a decent track record and knows the rules so I'm prepared to give him the benefit of the doubt on this one.
Which ever way you view this though it is a positive RNS and my opinion remains that the OO will be successful. Certainly the Market thinks it's positive.
Mikenmine, I disagree Red sure did withold information, was both of these pieces of information only known in the week of the disater RNS?
· redesigned German grid projects now submitted to financiers for review;
· purchase agreement signed for 72 redT units (~5MWh) for a large UK grid project
Both lines are newsworthy and this information is obviously known before the fundraise news. I fully expect one of these to drop in before 4th April.
Just want to share some observations for you. I work for/manage a company doing exactly what Statkraft is saying it's going to do. All the energy companies are coming up with a similar proposition (1-2 years behind the smaller players like us - as is to be expected). What this RNS says is a new proposition is absolute nonsense. We have been offering fully funded solutions for yonks and we have been proposing these on a PPA basis or a revenue sharing basis. What's more ridiculous is that RedT know that we offer this as we have had detailed discussions with them on a project specific level from about 24 months ago - we never actually did a project with them as they didn't seem to understand what motivated an investor so it was forever a process of educating them and a very slow burner.
All the above said, obviously this is great news, however I think there is a danger for people to think this is bigger news than it actually is. A Partnership is often announced to create a news story for publicity which helps generate deals. Having those deals actually come to fruition can take a very long time as there's a huge client-education process which has to take place. I hope that there were already projects and clients in place and that Statkraft has just been finalising which technology it wants to use in which case excellent! If not I wouldn't be surprised if Statkraft have also underestimated how long this takes.
Given the track record of RedT I wouldn't be surprised if this has been massively over egged. Has anyone seen Statkraft make a similar announcement? Is it exclusive in that they won't use anyone else's tech?
Easy to be cynical and I must admit that RED's history under SM gives some credence to it but RED can't fully control when news comes out. This piece of news is SP affecting so couldn't be withheld. I admit the timing is fortuitous, which is suspicious, but it is good news so I'm going to focus on that. The SP has reacted already and I'm confident that the OO will be successful.
I only red the RNS once but the term "fully funded" stood out like a sore thumb.
There is only one distinct difference at this moment they need to get off an RI at 2p so expect more good news in the next few days and weeks.
Ha! So many of us here have probably been 'really early' investors, two years plus for me. Sadly seen this too many times before to get excited. The review RNS offers some good prospects as does this Statkraft announcement but in the past it then goes quiet for 6 months and the SP dies the death of a thousand cuts until it gets a kicking. Fingers crossed though which is the only research I believe at the moment. To be honest though I am actually a little bit excited which is why this stock is addictive (and has cost me as much as a few kilos of white stuff).
This was obviously on the way or already a done deal. Get the bad news out, hint at good news in the RNS text then release before the OO. Too many people pannicking and ntaking notice of people with no financial interest in the company. I suspect the "a large UK grid project" will be next.
I wonder if any of those suffering serious losses are wondering if selling was such a good idea now?
Agreed.
Best of
Steady buying now. People know and getting that £1.5m won’t be an issue.
What does that actually mean in Real Terms ?
Statcraft could well be one of the strategic investors, if not the very one on its own, £1.5m should be peanuts for the huge Norwegian Statkraft.
Watch this space....
call me an old cynic ... but walk/crash the price down to 1.4p then start announcing agreements .... mmmhhh
Still.. positive news and just before the fund raise ... as usual Scott ..... lets see if any actual orders come out of the heads agreement
Can’t believe what I’m seeing here tbh. I’ve bought in and will continue buying. Energy storage is the way the market is going and yes it’s early days but those in early will reap the rewards. DYOR
"Discussions with potential strategic investors are progressing well", that is the clincher, once finances are in place, the share price is likely to rise very substantially.
Don't they still have to get above this for any chance of the placing being successful?
Interesting development for RED, but I'd imagine the future ownership of RED lays here -
"Further to the announcement on March 14th concerning the commencement of the Strategic Review, the Board is pleased to report that discussions with potential strategic investors are progressing well and further information will be provided to shareholders in due course."
I’m out at the moment any prices please
Goes NT for even a small amount
Statcraft should get on with the job themselves and buy-up Redt, and put in place hard-nosed management.. This may well become the eventual outcome.
Seems like there is life in this share yet
Wow buys galore business has been undersold and the potential this unlocks from that RNS is big.