Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Oily Chan I agree with your analysis. Perhaps the traders are losing interest and this might reflect a low volume of trades.Ultimately it will be sales and profits that will support the share price not positive RNSs for early stage sales.
I think the update relates to a REDT email, not an RNS. If there are more people who now see the share price in less speculative terms, like me, they will be asking the long term question what level of sales and or profit will support what share price? Takeover possibilities is the other factor that that will keep the price buoyant. Of course a big seller may be keeping the price depressed too.
OilyChan. I think there is a difference between the NAO concerns over the price of Hinkley CFD deal and whether low carbon nuclear with its possible risks can be a useful part of our energy mix, I guess from what you say you are not keen on nuclear. From the REDT perspective I think that no nuclear in the mix will just further highlight the expensive intermittency issues created by Solar and Wind in densely populated high latitude countries like the UK. More low cost storage for the grid will be essential for the UK grid either way, and in my view REDT is in the running for the number 2 slot after pumped hydro, which is limited for new installations by geography . I wish it were possible to have a stable low carbon grid without nuclear, but without some huge cost reductions of storage and some new breakthroughs in technology that is where we are in my view, which I think is carefully considered. Nuclear can be a bit flexible, but essentially is a great base-load provider for the grid. Nuclear is a long term product and as such great for strategic ownership by the country in some way, either the asset or the intellectual property or the construction responsibility. I agree with the Hinkley deal we have the worst of both worlds, state loan guarantees for the construction, and no upside if the costs are lower (fat chance).
As a Redt investor at 8p and below, I don't want to sound too critical of the Australia storage conundrum, but the analysis on euanmearns.com, looks at the storage needed to firm up intermittent renewables. Battery storage is simply too expensive. That does not mean storage machines won't have a place in the market but there is a little bit of spin on my view over these assessments of the storage needed. See these assessments for the UK and Australia. http://euanmearns.com/grid-scale-storage-of-renewable-energy-the-impossible-dream/ and http://euanmearns.com/australia-energy-storage-and-the-blakers-study/.
Thanks for the info faramog. Pu neng energy is the new name for prudent energy, that seems to have been resurrected with funding from hpx , who I understand are based in Vancouver. Prudent energy bought from receivership vrb energy who were also based in Vancouver. The other common theme is the funding for both prudent energy and pu neng comes from North America. I hope as China builds these flow batteries including the Dalian rongke power huge one, that a nimble well funded Redt can build a steady worldwide profitable market, outside of China.
This is my guess for REDT's future share journey is this: A couple more positive RNS's and a few pence on the share price and we will soon see another cash call (remember last year anyone?) If it does not include a discounted open offer like the last cash call did , then the PI's will be diluted again. Lots of working capital will be needed for manufacture. With posters saying that Scott is stating that Gen2 is not being sold at much profit, then this will hasten when they ask for cash.