Member Info for bonxie

You need to build the turbines first, then the persistent periods of zero or negative power prices will draw in the storage.

Impeccable timing by Mr Sattar ;)

I also did well by not selling, although that was mainly because it was worth almost nothing at 0.45p

If the company is wound up, won't all the assets just go to Orion? How do SPR benefit ?

In the RNS it says that the proposed Vanchem disposal would "Allow Bushveld to have some residual exposure to value upside in Vanchem."

How does that happen?

Hxulcolrdoh, I was referring to his more recent post on X, as posted by Lindon on 19th May. Here it is again:

https://x.com/kamsattar/status/1792086628971708527?s=48&t=tT-u2maftvtvfGWS_76-YQ

Thanks for sharing Lindon.

If, as BVI claim, the proposed deal provides no additional cash, then why does Mr Sattar feel that the responsible action is to vote for it?

I'm fairly sure that was a joke.

It's a pity that this drop in V prices is not having a positive effect on the IES share price.

I believe you can prevent your shares being loaned out by setting a limit order.

Sorry, slightly mis-read your post.

What you've calculated there is the revenue isn't it HarChris? $30/kg x 190 t. BMN will also be saving a lot on running costs, so the losses attributable to this event will be way less. I don't know the balance of fixed and variable costs, so won't guess at how much exactly.

Cheers Witty!

That's odd, I didn't even get a notification on HL. Got the ones about the placings though.

It says that this is match-funding - does anyone know what % of the total cost this £11m represents?

Not sure about that HarChris, we are entering a more protectionist era.

Looks cheap if your electricity is $0.03/kWh. I think >$3/kg is a more realistic bottom end for green H2 no?

If Orion and SPR take up there maximum of $4.5m + $12.5m, then at 0.03p that'll be approx 465m new shares, so just under 30% dilution.

Harchris you've forgotten the USD: sterling conversion.

So the current SP is at my worst case calculation! I wish I'd done this when the news came out.

In the Orion $4.5m / SPR $12.5m case I should clarify