The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Indeed. They finished the deal on Friday and the Eskom tender hit the website on Sunday. So weird! Ducks being lined up for sure.
Although I suppose we still do not know who we will be partnering with for battery construction. Time will tell on that front, or am I being stupid and it's obvious?
I'm with you all the way on that bassguy! I reckon the timing of Eskom contracts, East London and JSE and / or main market listing may very well all marry up beautifully in typical Fortune fashion.
I do a fair amount of business in South Africa and the companies we work with universally do not trust their employees with anything (at all). From senior management to boots on the ground they want auditing to be done on every single bit of information that is signed, no matter how trivial. Honestly it's insane the things they think people will lie about and cover up!
In contrast we work with wind farms in the UK that trust everything their employees say to them with no need for extreme auditing.
The trustworthy South Africans have certainly gained a lot more power than they used to, and corruption at the highest levels seems much less. And I trust Fortune and BMN 110%. I am extremely confident that we will get some of the Eskom work,maybe even a large amount of it. It is clear we are very cozy with the powers that be in SA. The partnership with the IDC is rather (perhaps super) important.
Also, I do not think the Eskom work is critical to what Fortune and Mikhail are aiming for. Our share price certainly doesn't reflect the expectation that we will get any work at all, never mind a large slice of a huge battery storage project happening right on our doorstep with criteria that seem to have been written by us, for us.
But I understand anyone being at least a little wary! It is truly understandable to have a distrust of South Africans when South Africans themselves don't even trust South Africans!
One thing is for sure, the energy business is starting to lift off. Landing that first Eskom project (which I do believe we are likely to do - but we may not!) should send us flying. I'd really like to see us deal list on the JSE asap.
Just popped up on my Google Finance page (seems it's from yesterday but I didn't see it posted, apologies if it was).
https://www.pv-magazine.com/2020/08/03/a-residential-vanadium-flow-battery/
Image from Invity too. Love any buzz around VRFBs. Enjoy how they are starting to discuss VRFBs as an established form of Utility grade storage. Remember when no-one spoke about VRBFs at all except us!
I've been feeling very positive since late last week and the Eskom BESS project finally kicking into gear at the exact same time as we finally get Enerox over the line is just making me feel more and more bullish. Hopefully the lid blows off real soon!
ColonelDrake: Drops a load of uninformed rubbish with nothing to back up a single one of his statements then declares he won't be responding to any replies.
Does he then:
A: run to the hills giggling like a little school girl
B: walk off po faced safe in the knowledge he has said his bit and educated those far stupider and less researched than he is (like, John Meyer for example valuing us at 82p on the very same day)
I wish it was A as that is at least slightly entertaining but I fear it's B. The ego is strong in this one!
Woohoo ... that is really, really exciting stuff. How long have we been waiting? And now it begins! I have nothing more to add other than I'm almost dancing round the room. If we get this one, or the next one, or whatever, the fact it is finally moving is enormous news.
As we come to the end of another month and I squeeze a little more money into increasing my holding I ponder the future.
I'm very much under water despite being here since 2017 but, for some reason, I'm feeling profoundly positive today.
Maybe its because Vanadium price is looking like it's on the up
Or it could be the expectation that production is on the up (hopefully confirmed by RNS)
Or it could be the rise in ATM and how our investments in other companies are looking great
How about all the VRFB news?
Or Eskom tender which is hopefully due!
The current price is absolutely ridiculous (bonkers in fact), the suppression has been going on way too long, and simply can't last forever. I would love to understand what is going on behind the scenes, who the seller is and why. But realise I may never do.
They have, sadly, made long term committed holders sell up, or reduce holdings, looking for quick profit elsewhere (and I don't just mean the people that post on the board). Which has then helped the decline for the rest of us. But they will be back, along with other money, and the seller will clear.
I remember feeling exactly the same way about the massive undervaluation when we were at 8p. Then BOOM all the way up to 50p We are a far bigger and better company than we were back then with some amazing hires and great acquisitions, with the market for VRFBs, growing and growing right before our eyes. And us the Vanguard!
Short term it is my very humble opinion that we will see a 100% rise, in short order, to get us back in the pre covid range. Why we aren't there already kind of beggars belief all on it's own! Again, in my opinion, the sky is the limit with this share, in time. The share price is so far detached from reality right now.
I realise this sounds very rampy so, to be clear, if anyone is daft enough to listen to me DONT. DYOR. I continuously do mine, to the best of my ability and this is now the only share I ever post messages on. And I don't do that much. But I'm just feeling so gosh darn positive I can't help myself! It may take a while for us to get where we are going. But we are going!
Others have chimed in with the same thing but attempting to correlate value like this and arrive at some sensible value that matches our current MCap and then ascribe it to some value assigned by 'the market' is utter nonsense. The issue was explained very well by Fortune. We aren't tempting institutions in because we aren't doing placing and offering discounts below the current share price and we have a base that is very largely retail.
The vast majority of retail investors couldn't ascribe value even if they tried, which they don't. They are led by emotion, FOMO and the Next Big Thing are huge drivers. Far, far more important than NAV, earnings, anything. They are easily bamboozled by conmen and, right now, they aren't seeing the explosive potential we are sat on and the massively undervalued SP we sit at.
But the selling will stop, the tide will change, and the herd will descend upon us en masse again. I simply cannot think of any good reason why it won't. So I add. And wait.
Goes without saying I'm sure but this is my opinion. Everyone is welcome to do their own thorough research, look at broker notes, join the dots, and then come to their own conclusions as to whether we are massively undervalued or not.
I wasn't around yesterday but that is truly a fantastic set of posts Alfacomp. Makes perfect sense. I've been invested here for very close to 4 years now and to see it all start to unfold commercially leaves me quite awestruck. It's all genius stuff!
https://www.theguardian.com/business/2020/mar/16/planning-applications-for-uk-clean-energy-projects-hit-new-high
I have no more money to buy shares at the moment having bought more at 17p and 15p (and am really quite jealous of those who do). So I just have to satisfy myself with the relentless growth of the renewables sector and what that will mean to battery storage.
I am continuously baffled by the markets inability to see just how much big of an opportunity BMN and their partners have opening up in front of them, and how well run / managed, and strategically brilliant, the entire operation has been so far and will undoubtedly continue to be.
Congratz again this morning to Fortune, Mikhail et al on another deal closed perfectly with RedT. Personally I can't wait for the inevitable news of more contracts won over the coming months and years.
So, BE and partners are going to setup a specialist Vanadium / Electrolyte leasing company that holds the Vanadum. That Vanadium may come from them or from other sources but this allows investors to buy into the lease (covering the upfront cost of the V and earning money on the lease), something that V is ideally positioned to do as at the end of it's use in a battery it is just as useful, and valuable, as when it went in.
And this tweet confirms that VSUN (and almost certainly others) are keen to get on board with this concept if they aren't already?
So have I got this right? We will be mining the V, turning it into Eloctrolyte ourselves, having a large share of the company that leases the V (that other companies are clearly interested in being a part of), and interest and investment in lots of VRFB manufacturers. All the way through the supply chain.
Us being down at this price is unfathomable to me. We are back almost down to my initial investment level at 8p (and I have a lot in a lot higher). At the time this was a hugely risky endeavour with a lot of potential, I felt. But now the future has never looked brighter. We are part of a huge government backed project right here in the UK already through RedT.
I know we do need some information about how this translates into profits. But it's obvious it will is it not? And lots of it IMO. How many more of these projects do our partners need to land before people take notice?
Me too. I am honestly in complete shock at the current price but what can I do other than dig deep into my pockets and pull out anything I can? To miss out on an opportunity to buy at this level would feel worse than any further drop. Ultimately the share price was a farce even before this drop. Our Vanadium is going to be used in a VRFB right here in England. Massive, massive news.
And this news is being buried and overshadowed by the overall market crash. What a shame!
Lol your technical analysis accounted for Corona did it? What a load of tripe. Growth trend? Takes account of company progress or just a straight line? WHere does the line start that predicts this up and down motion so clearly? If you truly believe your own nonsense I have a bridge to sell you.