Member Info for bonxie

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

In that case, I calculate that the 29.9% constraint puts a floor of 1.35p on the placing price.

Cheers Harchris, they weren't random, I was just an RNS or two out of date, where Orion had suggested an investment of $10-20m

That doesn't put any cap on the dilution faramog, as Orion are also buying equity. For example:

@ 1p conversion price:

USD=0.82sterling

Existing shares 1.5 bn

Orion take $10m, ending up with 0.82bn

SPR take $12m, ending up with 0.98bn

SPR owns 29.7%

If Orion took $20m worth, then the conversion price could go to 0.5p and the 29.9% limit still hold.

I'm not sure if/how the purchase of Vametco affects the above.

All above is just for discussion, I'm not an accountant or a financial advisor.

Would you kindly accept $15000?

I didn't say little fuel, I said less. Less fuel hence less heat, so less likely to melt the rebar in the concrete. My diesel can do about 600 mile at 25% efficiency, whereas an EV can do 200 at 80% efficiency, so my diesel has about 9 times the energy stored in it. I take your point about EVs being harder to extinguish though, firemen must hate them.

Hxulcolrdoh, agree with your point about the wastefulness of the large EVs and the need for hybrids. I like the range extender concept with single electric drivetrain, shame it's just BMW that have made these.

However, your claim that full EV's emit more CO2 emissions over their lifetime is an over-generalisation at best, and your "even if they are powered by windmills" is pretty daft. Here's a graph with different electricity mixes:

https://insideevs.com/news/458458/legacy-automakers-backed-study-against-evs-debunked/

Not really Julian, an EV contains less "fuel" than a petrol car. Makes it harder for the firemen though.

What a strange thing to fixate upon HHMG.

It's not down "more than 90% since Craig took the reigns".

Cc, you're meant to give them 1.5m, so even if they were single file you should use the oncoming lane. Just be thankful you don't live in an area with lots of campervans like I do.

See latest comment "Matt Harper Before Parliament Today" on IES board

Interesting read, thanks. The free cash flow number seems too high though - $250m for "2023 to 2023". That's more than the turnover at 4000t x $40/kg

What is the wt.% of vanadium in the Aussie ore though? That's what will determine the cost of production, all other things being equal.

Absolutely Fara, different CEOs for different phases.

Thanks!

Agricore, where does the first assumption in your calcs come from?

"BMN owns 50.5% of VRFB-H. This news potentially increases BMN ownership to 72.6% ownership (for this analysis I'm assuming it happens)"

All I can see in the RNS is Garnet buying out part of VRFB-H's share of Enerox...

Well said Pdub.

Https://www.merriam-webster.com/words-at-play/on-biweekly-and-bimonthly

I hate "bi-weekly".

Good point. I would have expected that the algorithm would move the bid/ask around a bit to try and stimulate volume.