Member Info for Alfacomp

have a look at the RNS's

Why add at this point ? - Why because now the price is low and the risk even lower.

of course he will have done because he trades in retrospect

the sizes of the batteries involved are pretty small to be honest - I count less than 100 kWh so it is probably for a completely different project - such as battery backup for remote substations or some sort of thing. I could find no reference to suggest that this was in any way involved with the big BESS tenders currently underway.

Owned Vanchem for 10 years before Bushveld arrived.

They know Vanadium and know full well what Fortune is building in BMN- they will be along for the ride long term, not simply flipping shares they got handed for arranging a placing.

faramog - it is not just the Eskom tender that BMN will be involved with but also the 2,000 MW of dispatchable (i.e. on demand not just when it is sunny) power that is soon to be tendered for as part of SA's Risk Mitigation Independent Power Producers Procurement Programme

https://www.engineeringnews.co.za/article/dmre-launches-procurement-process-for-2-000-mw-of-dispatchable-power-2020-08-22

Also recall the recent interview with Fortune

"Our own view is that when energy storage takes off as it should, the world is going to need a lot of vanadium - we're talking potentially 50,000 tonnes of new supply," he said.

https://www.mining-journal.com/m-amp-a/news/1392295/bushveld-ups-stake-in-battery-maker-enerox

You do not need to be a genius to see that Fortune and Mikhail are building one of the most important industries in South Africa and may well become a key player in the Energy Transition globally.

unfortunately some of what he says is irrelevant because it relies upon there being a company called 'Range Power Integration' - there is no such company it is simply someone mishearing 'Rongke Power Integration'

willdo - the cost of Nafion is one of the reasons pushing VRFB manufacturers to explore other avenues. There is no single answer to that question yet - Rongke power apparently make their own membranes so that they don't have to pay DuPont any licensing fees. Others use Nafion and improve stack efficiency using interdigitated flow fields so the effect of the cost of the membrane is reduced. Other improvements are in the works.

and which is the more benign chemistry by the way ?

It need not be Golden Summit it may simply be a market maker that has maybe taken advantage of their privileged position.

bassguy - I agree it is not in any shareholder's interests to break the transaction into 500K lots - but that is clearly what has happened.

Except it is in the interests of any Market Makers who might wish to paint the tape against us.

Daisydog - no it doesn't if Golden Summit are simply transferring to a different holding account as Chika had stated in an email to Gambit within the last 3 weeks.

All it takes is a Market Maker to say 'yes we can do the transfer for you, but we have to do it over a period of time, to ensure an orderly market'

Then they simply pile all the sells in first, to knock the price down so that they can pick up shares themselves, and later process all the balancing buys at the same prices. The person doing the transfer is happy because it does the transfer at the lowest possible price, reducing any tax liability, just like they do on every Bed & ISA transfer.

aisee - I'm sure that the company's actions have nothing to do with whatever I may or may have not done, but thanks for think of me.

Everyone - I'm finding the LSE minute-by-minute psychodrama rather boring these days. All the fundamental research that could have been done on this company has already been done, and a lot of it is posted on https://www.thebushveldperspective.com/

If that is not good enough for you then I suggest that you either sell up and go and find some other company to do fundamental research on then let us know when you've built a portfolio of background research as deep as ours.

It is clear that the period of distortion cannot last forever - eventually those looking to build their long position will get it and decide that now is the time to allow the SP to appreciate. I really don't care when that is as I'm prepared to wait as long as it takes - this is because I fully understand the need for grid scale energy storage and the situation that VRFB' technology and this company are in to fulfil those needs.

If you want me you can find me more on Twitter these days.

congrats again to Mr and Mrs Pdub !

another placing - welcome to dilutionville.

indeed an award "Excellence in Battery Metals" has got to be good hasn't it

if you compare the concrete fence base shown in this video

https://www.liverpoolecho.co.uk/news/liverpool-news/houses-rocked-explosion-after-major-18935057

with the the concrete base that the two guys in orange are standing by in this picture - https://orsted.com/en/media/newsroom/news/2019/01/orsteds-first-standalone-battery-storage-project-now-complete

you can see that they are one and the same

ergo this is the Ørsted 20MW lithium ion battery, right next to the Lister Fisheries and Pet Centre.

anøther videø here :- https://www.liverpoolecho.co.uk/news/liverpool-news/houses-rocked-explosion-after-major-18935057

nøt any møre it isn't

no nomlungu - "large scale Lithium-ion batteries are intrinsically dangerous and should not be sited in close proximity to residential areas."