Member Info for Alfacomp

Correct - I do predict that RedT will go the way of Gildemeister - it is a simply and undeniable fact that Vanadium prices are 4 times what they were 2 years ago. Incorrect - I do not think that VRFBs will fail, because the technology is so simple. But it requires massive amounts of Vanadium to be made at the size that is cost competitive with Lithium-ion (c >10MWh) RedT do not make batteries of that size and furthermore do not have a ready source of Vanadium. UET do, and BMN are there partners. Reality is here and is knocking.

pablo2 - when was it getting a bad press - not in the last year surely - I hope that you did not buy into any of the nonsense that Tom Winnifrith was spouting in the middle of 2017. Unfortunately for Mr Winnifroth BMN came top of his shares of the year readers competition and he ended up with egg all over his face.

Pablo - it is very simple - Bolgas does not like the fact that I know what I am talking about and everything I write is researched massively carefully and is publicly available on https://www.thebushveldperspective.com

The transparently aggressive and non factually based posts on the BMN board from Bolgas and Sbuild last night are as clear a sign as you could have that they are desperate straights with their investments in RedT Energy. Up until this point I had pretty much ignored RedT and their idiot ramper Bolgas but not any more - his and Sbuild's incessant nonsense means that I will now be focusing on RedT with a fine toothed comb. It is clear now that the trebling of Vanadium prices in the last 2 years has thrown their production pricing into a tailspin and bolting on a Lithium-ion battery to a Vanadium Flow Battery and calling it a 3rd Generation Hybrid will not make their battery any cheaper. In fact it will make it a whole lot more complicated and expensive to build plus they at the cost of losing the clear marketing benefits (long life, charge/discharge 0-100% SOC, etc) of an all Vanadium Flow battery. Not that their go-it-alone CEO Scott Mcgregor (2016 pay GBP 348,00 page 16 https://redtenergy.com/wp-content/uploads/images/168764-redT-energy-plc-RA-as-printed.pdf ) cares too much about that as he refuses to even call what they make batteries, insisting that everyone he speaks to calls it an Energy Storage System. He does this because he doesn't know what is going to be inside their battery in 3 years time - will it be a Vanadium Flow Battery, a Lithium-ion battery or as Bolgas thinks something running on organic made-up nonsense ? RedT's investors are waking up to this fact and wondering how a company with an order book of just 2.5 million euros (http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RED&ArticleCode=4ykvtylc&ArticleHeadline=2017_Trading_Update ) will cover the following costs: 1) making those batteries - approximately 2m euros (see cost of sales 8.563M GBP on sales of 10.829M GBP in 2016 AR) 2) all the other costs of running their business (7.927M GBP, page 25, 2016 AR) 3) the costs of paying for the additional gildemeister staff (at least Bengt Stahlschmidt and Adam Whitehead) that RedT took on in September following the collapse of the Austrian company. This and the incessant rise in Vanadium prices is what is driving RedT's price to historical lows. It looks not just possible but quite likely that we shall see another placing at RedT before the 2017 Annual report is published in April. As usual this post has been archived should Bolgas, or anyone else think that he or she can arbitrarily get it remove from this public Bulletin Board.

nvhltd - you seem as deluded as poor old Bolgas - the whole point of having an integrated Vanadium strategy is that it allows those that pursue it, such as Bushveld Minerals/UET/BNM, Puneng and Australian Vanadium to use the Steel production market (95% of current sales) to subsidise the development of in-house electrolyte and VRFB production (currently less than 2.5% of Vanadium Sales). As a result Bushveld Minerals is benefiting hugely from the 300% increase in FeV and V2O5 prices in the last 2 years whilst RedT will be in the unenviable position of having to completely reassess their cost structure. This is why they are unable to release their 'generation 3' battery pricing. It is just this issue that caused Gildemeister to go to the wall and numerous other VRFB concerns before them and yet you still don't get it. https://www.thebushveldperspective.com/vanadium-prices Now you can appreciate why RedT's overpaid CEO never wishes to acknowledge that your Vanadium Flow Battery even uses Vanadium and why Bolgas was banging on about changing your electrolyte to some as yet undiscovered organic compound only 3 months ago. You people should really have done your research before investing in this company. Bolgas repeatedly claims that RedT are somehow market leaders - how strange it is then that they are still making battery stacks that are only 5KW in size. The last time that UET made anything so small was 2008. Since then they have gone through at least 4 more generations of stacks, each more powerful than the last; 10KW, 22KW, 25KW and 31.5KW. They do not do this because they like the sound of the numbers they do this because it makes commercial sense to reduce the number of seals that can leak and obviously the production labour involved. This post has been archived so that if Bolgas attempts to get it removed I will have the information to submit to Craig at LSE to start legal proceedings to have his account investigated.

Bolgas, I see that you have accused me of breaking LSE rules by running multiple accounts. Fine go ahead and wast your time. Whilst you are penning desperate missives to your friends in LSE administration I have actually been doing some genuine research. Whilst you guys have been banging on about what you think electrolyte is and what it costs I have spent the day talking to someone who has purchased 360 Tonnes of the stuff. So please forget about your desperate attempts to discredit me and instead pop along to the Bushveld Perspective website ( https://www.thebushveldperspective.com ) and learn something about VRFBs and the Vanadium market. For those interested in learning about VRFB electrolyte there is of course the technical section on VRFBs but also the section devoted to the Vanitec Energy Storage Committee meetings are very useful in relation to discussions on electrolyte impurity contamination levels and leasing models.

James - why do you think a VRFB has to take up more area than a lithium-ion one ?

hotchips - you do not need to fear the competition - Vanadium Flow Technology is clearly the way to go for medium (>1MWh), large (>10MWh) and absolutely mega (>100MWh ) sized batteries. Whether you would want one in your home - I don't think so as 20 foot shipping containers are so 1970's.

Speculative buy:- http://www.ferroalloynet.com/news/afritin_minings_atm_speculative_buy_rating_reiterated_at_beaufort_securities.html

Henwingy - I am not aware of any $15/lb V2O5 anywhere. We have been following this carefully for the last year and the highest we have seen so far is only $12 - for example see here https://www.thebushveldperspective.com/v2o5-price/ With respect to fusion I can recall going around JET before it was switched on some 30 years ago - as always the promise was that fusion power was '20 years away'. I am afraid to say that it still looks like it could still be 20 years away. However I am happy to say that in the intervening period we have managed to work out how to get energy from our local neighbourhood fusion reactor and that this is now offering energy prices that are lower than fossil fuels. Fortunately the earth spins so no particular longitude is favoured for this new found source of energy. The only problem is that human energy consumption is typically not highest in the middle of the day, but some 6 hours later so we need energy storage system to take the midday energy and deliver it for an extended period 1/4 of a day later.

Henwingy - if you wish to understand some of the dynamics of the Vanadium market then you should read about the presentations on the subject by Terry Perles of TTP squared which are covered in the Vanitec articles here:- https://www.thebushveldperspective.com/category/energy/vanitec/

SOTRR - I think you have your answer there.

I agree Daisan - I have a 10K cheque waiting to be cashed by my SIPP platform.

Kevkan et al so the profit on 60 million USD turnover might be what ? 25 Million USD perhaps ?

https://www.youtube.com/watch?v=Tn_K5poq4sY

SOTRR - I posted the reference to http://afritinmining.com/wp-content/uploads/2017/10/Afritin-Corporate-Presentation-October-v9-TAV.pdf many times here so none of this should have come as a surprise. Page 16 has all you need to know - the need to build a new concentration plant to go from 65tpm to almost ten times that will have always been self evident.

just had another 15 hundred pounds worth - it is hard to turn down a bargain at prices like these

1210 - thanks also - it looks like they are going straight for the 65 tonnes of tin concentrate per month. Previous presentations (http://afritinmining.com/wp-content/uploads/2017/10/Afritin-Corporate-Presentation-October-v9-TAV.pdf) have suggested that 10 tpm was the first stage but it looks like that point has already been passed, Presumably this tin will be the 60-65%(Sn content I would assume) concentrate that is mentioned in the above presentation and videos shown on the Afritin website. NickD has found information to suggest that 60% concentrate is valued at something like 90% the end value of the equivalent tin ingot. Thus the simple calculation gives 65 x 0.6 x 0.9 x 20,000 = 700,000 USD revenue per month. The cost to mine - who knows yet, but a guess of half of this value seems conservative - after all the equipment is already there and running. This implies a gross profit of something like 4.2M USD per annum, just for the pilot plant. Obviously this is just a simple calculation, but it is a start for deciding whether our current 11M USD valuation is realistic or not.

Can anyone shed any light on this Buy - specifically because it ties in with a short attack on BMN 15 minutes earlier.

@CG - as we know the spreadbetting outfits have to back the bets that are placed on them by covering with hedging trades of the same type. Thus if anyone has placed any kind of short bet on IG (or similar) then IG will have had to sell ATM shares to cover that bet. Given the belief that a non-zero fraction of BMN shareholders might sell the shares that they got for 'free' is it not unreasonable to consider that someone may have decided to take out a short position on something like IG. No doubt Wessy is one of the best people to throw some light on this if he is able.