RE: Uncharted waters25 Sep 2021 16:17
Lithium and VRFBs are not competing technologies - Mojapelo said it himself. The battery storage industry will require a range of technologies - no one technology dominates any space. To suggest BMN is targeted by the 'evil' Musk is conspiracy theory hogwash born out of ignorance or deception.
The reason for the drift is that the company has over-promised and underdelivered, there's no news, profits are minimal at current V prices. What happened to the Eskom BESS tender - the dream sold by long-term investors? It appears to be dead in the water, and those LTHs have all disappeared because they don't like being told they're wrong.
Unless FM pulls a rabbit out of the hat, we're going to have to play the long game. That's the price you pay for getting into a nascent industry. Shorters have their grubby tentacles in almost every AIM stock that is perceived to be underperfoming, overbought or just sitting there in a news vacuum.