Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
The deal with Weichai will be the game changer - SP will fly - it could come literally any time.
China is now leading the world with renewables and Weichai are one of the main innovators.
On a side note - just to show why EV's are so popular in China - a small hatchback electric car can be purchased for around 9k on the road and for under 5k on Alibaba to export.
Also today - a very upbeat assessment from Interactive Investor confirming the positive sentiment expressed by most comments here.
https://www.ii.co.uk/analysis-commentary/insider-bosses-buy-ceres-power-shares-and-ftse-100-giant-ii530644
Certainly Ceres is a gamble governed by sentiment.
Four years ago the SP shot up over 1500p, a valuation that was fuelled by sentiment and massively overbought.
Since then the SP has slowly deflated as investors have grown impatient with lack of progress.
It is though the time frame that is unclear, rather than what Ceres is capable of achieving.
Also there was a question mark over cash reserves as progress slowed but the Taiwan deal has probably sorted that potential problem - probably why the Directors are buying.
So for those who are patient Ceres remains a strong hold and for potential investors who are prepared to be patient, a strong buy.
Remember the licensing model converts cash to profit very quickly - the R&D has already been paid for.
I certainly don't agree that MKS is overbought.
Its just the macro and general low sentiment that's holding back the SP.
In my view all the market is undervalued in London at the moment.
Therefore, the solid best buys have to be companies such as MKS and WTB that are doing well despite the macro.
When the market does improve these will be the first to gain and they probably will go overbought quite quickly as share prices rise.
The news earlier this week that JLP had cut their redundancy remuneration package in half, just after a group of senior executives left the sinking ship, is followed today by the news that JLP is considering cutting 11,000 jobs out of a workforce of 76,000.
We shouldn't gloat but JLP with Waitrose is M&S's main competitor.
I wonder if Dame Sharon's redundancy package will be reduced by 50%?
I think an agreed takeover is highly likely rather than going for another fund raise for the next phase of expansion.
The Directors are building their holdings and reputations and would probably stay with the business if it was brought by venture capitalists or became an independently run division of a large corporation.
It will be Ceres job to basically provide the nuts and bolts for the renewables industry - their fuel cells.
There is now real evidence that finally we are seeing movement forward away from carbon based fuels to renewables but the time scale is far from clear.
The real judgement on investing here is based on how quickly that transition happens, and some may say if it happens at all, but the imperative is that it must happen.
Normally I would be perturbed with a fall of nearly 15% in one day, but after the recent recovery when the Delta deal was announced the bad news about the JV was well cushioned and the alternative option was well explained by Ceres.
My guess is the Weichai will also be pleased that they can now proceed with their plans and we will see good progress with them sooner rather than later. My understanding is that they have various projects on the go that will use Ceres tech when its available - read through their news feed over the last couple of years on their website.
The Delta deal showed just how responsive the SP is to income from licencing, this WILL be a feature in the years to come.
The SP does ridiculously undervalue CWR - it could be pushing the likes of WTB and AHT on the FTSE100 leader-board in 5-10 years time.
Discord between Bosch and Weichai doesn't seem to have been a factor in the failure to proceed with the JP.
In fact both companies are working closely together on other projects and have been for many years.
My guess is that the politics between China and the West was the stumbling block and regulatory approval from the Chinese Authorities wasn't going to be forthcoming.
Anyway the eventual end result will probably be the same for Ceres, the difference being that manufacturing will be split between China and Europe.
Pony
No, I don't think its an open question at all.
Both companies are in the same position to benefit from Ceres tech and will in any case continue their close ties.
Maybe the reason the JV didn't go ahead in its original form had more to do with politics than business and it became necessary to split production facilities between both companies in China and Europe .
Its obviously difficult to read what plans Weichei have for Ceres tech and what time frame they are contemplating.
But following their news flow, it seems to me that they are already using Ceres tech in their product development and it has become an integral part of their future plans.
I think, therefore, we could see some positive news quite soon and today's RNS also seems positive in this regard.
Pony
Both companies are making significant capital investments using Ceres tech for which they will be paying Ceres Licencing royalties.
They have also already invested in Ceres for a long period of time and would be throwing away the value of that investment if they sold now.
As shareholders, they will receive dividends in the future from Ceres that will cover part or maybe all of their licencing costs.
Both companies, as early investors in Ceres, are in an excellent position to benefit, so why would they sell?
Pony
Its blindingly obvious that they will remain partners.
The only real difference is that Ceres will be dealing with both firms separately in their own markets - China and Germany.
This means more delay but long term goals are still very much in place, and have become much clearer with todays news.
Bottom line is that Ceres have the tech - Bosch, Weichai, Delta, Shell and other want it - licencing = profit straight to the bottom line as we have seen with Delta.
So it seems Bosch and Weichai couldn't agree terms to take the JV forward.
it seems that Weichai still want to proceed, so the joint venture becomes a partnership, hopefully on the same scale in the same factory location.
Bosch will probably be a customer in China and the Ceres Bosch partnership will also continue in some form?
Taking things one step at a time, the SP has to recover to around 290p to get automatic entry back into the FTSE250.
In these uncertain times it may be optimistic to think that this could be achieved in the March review but its a certain possibility in June.
Duel listings for UK Tech companies in the London and in the US on NASDAQ don't seem to bring much benefit.
UK tech shares already actively respond to the NASDAQ anyway.
Currently with NASDAQ futures moving ahead strongly its all green lights.
Savvy
There has and always will be a great opportunity for capital gain due to impatience of others.
The shorts realise this on the downside, now we get our chance on the upside.
More often than not the best decision when investing is simply to hold and wait for an opportunity to top slice when the SP goes overbought.
This has worked very well up to now with Ceres since 12p days, but from now on I hold for a very big multi bag.