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Zebediah - of course a very large amount of the energy consumed by Vametco is provided in the form of powdered coal dust which is ignited and blown through the rotary kiln to produce the heating for the salt roast process. I assume that you have taken that into account in your analysis.

6x 30K Sells between 14:41 and 14:51 - clear market manipulation of the price.

Ditto - I managed to just get another 300,000 shares thanks very much. Not reported yet of course.

that the market makers are Buying a lot more shares than they have sold today. Since 11am more than 300K more Sells than Buys and yet the Bid and Ask have not moved at all.

Does anyone think that they may be having to close a small short position or are loading up on a few cheap shares before an RNS tomorrow ?

I have to agree with all the sentiments expressed here - a definite breath of fresh air in a country that needs a good few lungfulls.

https://www.youtube.com/watch?v=-9F9NDWshLs

comments ?

Nice to see that from proactiveinvestors gambit. Disappointed to see that they are so incompetent as to suggest Eskom is 1.4Billion MWh - ffs

Dav3J - the positivity comes from careful fact based research. That is why it is not 'ramping'

Not true Dav3J - there was no talk here then of a VRFB running at Vametco, and at that one that is ten times the size of the battery at Eskom. Please do not misrepresent the truth.

No Dav3J - they are already working with Solarreserve the largest provider of solar projects in South Africa - cripes you haven't got a good word to say have you ?

Pat48 - some of our SA comrade shareholders have suggested that the loadshedding at Eskom has put such a focus on the grid and energy storage in SA that there would literally be a stampede to get shares on a JSE listing

Headancer - not really - the 15M+ deficit would only have ever been incurred as part of working a larger sell order (yet to arrive) and so the MMs would have been 100% covered against the risk of their short working out badly. The seller will not be able to go back on their commitment to sell to the MMs (at something over 40p we think). They will however run out of shares to sell at some point. Institutional Investors and fund such as Vaneck could do rather well if they understand this point and buy now.

Sanchez - you will never get an acknowledgement from them - they were only saying it to drive the price down to either close a short or buy back lower.

a reminder of the reasoning for the 100GWh ($50 Billion) annual market that awaits us in the next 10 years:-

https://www.thebushveldperspective.com/blog/public-articles-1/post/energy-storage-europe-2019-415

The content of this RNS should not come as anything of a surprise to those that have followed this story here. However it will come as a surprise to those that haven't.

"Miner builds it own batteries, and uses them' will be the headline.

One stunning piece of information tucked away is this:- "The {World Bank Group] programme aims to finance 17.5GWh of battery storage by 2025" - that is 12 times the size of the Eskom 1.44GWh BESS programme. Could we be any better positioned to be able to take advantage of this.

I think we could hit 50p again in the very short term.

kevkan - it just gets better

DaddyBigBucks - I'm not sure about the latter of those - did you mean Brits ?

BBN - interesting point. Of course in a deregulated (aka privatised) grid system the authorities should be able to purchase electricity from whomsoever they wish - for example yesterday I could have woken up and seen that First Utility, ahem sorry SHELL ENERGY (!) are now procuring 100% renewables so would have told the missus that we should switch to them. At that point she would no doubt have told be to stop being a numpty and falling for the greenwash and that we of course are already buying 100% renewable electricity ... but I digress.

in the weekend's article ( https://www.thebushveldperspective.com/blog/public-articles-1/post/energy-storage-europe-2019-415 ) I covered the US which interestingly seems to have at least 10 regional grid operators - thus the restructuring of Eskom could in principle raise a similar possibility for SA.This of course is how the many grids first got started, and SA is no different in this respect.

Thus Minister Radebe could simply say that the restructuring of eskom into generation, transmission and distribution is simply the first step needed to open up the possibility of local (and hopefully more dependable) generation for municipalities.

Come off it daisan you're starting to believe the 'brand' nonsense that those on the apprentice have successfully been disavowed of.

They make fizzy sugar water in nicely labelled bottles. As gambit can attest this is not rocket science nor going to save the planet.

Roundtable - streamed live here:- https://twitter.com/Energy_ZA/status/1110440650200240129

I wonder if Mikhail may be putting in an appearance