Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Flow Batteries power the world's first controlled airflight, by the airship La France, which flew controlled round trip flights almost 20 years before the wright brothers did. These were of course not all-vanadium ones, they were zinc chloride ones, the flow battery equivalent of the zinc chloride cells that we all used to use in our torches.
He is also wrong that NASA was working on VRFB's in the 1970's - the all Vanadium flow battery (VRFB) did not exist until Maria Skyllas Kazacos invented them in 1985
https://www.youtube.com/watch?v=CdX4RBHSbFE
Flow batteries with other chemistries have been around since at least as early as 1984 - https://en.wikipedia.org/wiki/La_France_(airship)
Not everything is invented by NASA or in America.
Matt is incorrect when he states that Vanadium is not the most beautiful element in the world.
Vanadium gets its name from Vanadis, Norse goddess of Beauty, https://en.wikipedia.org/wiki/Freyja#Etymology_and_names
Squirty - I did have an interesting chat with someone like that a few years ago - not sure precisely how much he was worth but at that time his interest was more perhaps directed towards RedT (as it existed then) and whether I would help him take it over. I told him that I though that RedT was ultimately dependent upon Vanadium and that instead he should look at BMN because they knew everyone in the VRFB market and understood the need to create a more integrated Vproducer/VRFBmanufacturer ecosystem.
Generally speaking I think that the people you describe are looking to get in via the VIP entrance rather than by building a stake with the troops in the AIM trenches
UncleJohn - you are correct - the SP of 75 Million is absurd.
... absurd when compared with Ferro-Alloy Resources' 66M valuation - they produce less than a tenth what we do, from old scrap they have had to buy in, and based in the puppet Klepto-state of Kazahkstan
... absurd when the 3 Kiln production infrastructure we will soon have at our disposal would have cost 300-400M USD to build from new - see, for example, the A$700M already spent by atlantic on Windimurra to try and get back up to a production level of 4,250mTV (7,600T V2O5)
... absurd when you consider our strong downstream links with multiple VRFB manufacturers, one of which we own a significant (and controlling) stake in, right at the point the VRFB battery technology comes on stream in a big way (and hell do we need it now !)
... absurd when you realise that within 6 months we will have up and running the world's largest Vanadium electrolyte facility in the southern hemisphere, right on the doorstep of the biggest economy in south Africa, right at the time that it starts to grapple with its notoriously bad carbon emissions at the same time as fixing Eskom supply intermittency.
The real reason that the SP is at this level is because AIM market makers simply act to punt out shares they got cheap in a placing, and if they did not get them cheap in placings then they sell short, knowing that they'll be able to drop the price back later on to raid those naive enough to gamble on spreadbet platforms or foolish enough to think that the short-term SP is the true measure of the business.
The trolls know all this which is why they spend so much time knocking companies rather than really understanding them.
The market irrationality, maintained, as it is, by a very restricted AIM investor base, can exist until the next herd of traders turn up to try their luck on a short-term punt that the Market Makers are happy to sell into.
Real investors know the true value of the company and hold long term, and the really smart ones buy more shares in good companies when they can see that the market is giving them irrationally good investment opportunities.
Lindon - if you want to point the finger at why there is limited VRFB manufacturing capacity you can point it directly at Garnet who with their stupid attempt to try and conduct a boardroom coup with Steven Prince (now at Largo Clean Energy) (and subsequent court case) cost Cellcube over a year and a half in lost opportunity.
the ill-informed BS that passes for research on this forum these days - it's all very entertaining.
As the only person here who actually attended the International Flow Battery Forum this week I am happy to rely upon the reality that exists away from this amateur hour navel gazing.
If anyone wants to do some real research they can get in touch.
Vanadium redox flow batteries have been proven for 3 decades - Cellcube has one install that has been running continuously for 11 years that has only lost 1% of its storage capacity after thousands of charge-discharge cycles. The chinese have a single VRFB the size of a multistory car park that stores 800MWh of energy.
The proof of concept is not of the battery it is of Kibo's ability to sell and install a VRFB project properly.
Bovril - that's the problem with unregulated public discussion boards - you attract all sorts of nutters and trolls. I, of course, host many 'closed shops' on Telegram which do not have the irresponsible behaviour of bad actors.