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Mustang deal with Garnet suggests about 400m shares will be in issue. Garnet converting at 20p so £80m valuation. Bmn will hold between 20 and 25% of mustang . Worth £20m to bmn or 40% of current market cap . Bmn has legs from here
Likely to re rate towards 20p now. Orion monkey has been addressed, strong cash generation , BE carve out , cellcube listing and electrolyte plant about to start up. £500m co in the making or 10x current price. Orion converting £4.5m now at 6p which has to be the first milestone to hit in double quick time. 3 key events imminent, Cellcube listing, BE carve out and Electrolyte plant start up/sales. Mr market covered a few shorts on Friday for some mates but that won't go on while positive news keeps flowing .
Fortune Mojapelo, CEO of Bushveld Minerals commented:
"I am pleased to announce today's proposed refinancing agreement with Orion and wish to express my and our board's appreciation at the support and confidence shown by Orion in our business and future plans.
The proposed refinancing will resolve a large liability that became current in 2023 and will remove significant near-term pressure on the Company's balance sheet, in the process supporting sustainable growth and cash generation of our business.
More vanadium batteries - a 100MW/600MWh VRFB in Baicheng, China
"Polaris Energy Storage Network learned that on April 10, Jilin Province started a record-breaking 108 new energy projects, with an installed power generation capacity of more than 7 million kilowatts and a planned investment of 25.2 billion yuan this year. China Vanadium Energy Storage (Hubei) Technology Co., Ltd. and Shanghai Electric Group Co., Ltd. invested in constructing a 100MW/600MWh vanadium redox flow battery energy storage power station in Baicheng. It can also be understood as a super "clean energy" power Bank".
Xie Guangguo, chairman of China Vanadium Energy Storage (Hubei) Technology Co., Ltd., said in an interview that China is building a new power system with new energy as the main body. The intermittent and random characteristics of wind power and photovoltaics have brought new opportunities for the development of the energy storage industry. Compared with other energy storage technologies, the all-vanadium redox flow battery energy storage technology has higher security and great development potential.
Negotiations on planned funding of the restart of production are at an advanced stage with a party who has extensively accessed the Company's data room and visited the LCCM site. However, it is stressed that, at this time, no binding arrangements have been entered into and there can be no certainty that such arrangements will be entered into.
Good post Croutom. Only attributing 10% of the Estimated profit seems far too conservative. Also Redmoor, I think we paid c£5m in cash for this asset. Is it still worth £5m or considerably more? Redmoor NAV underpins the whole Market cap leaving LC and COBRE in for free.
JP confirms $35m EBIT for LC with c $27m in the bank from LC operations. Securing $10m should be pretty easy based on those figures .
https://www.proactiveinvestors.com/companies/news/953437/strategic-minerals-talks-exploration-and-asx-listing-plans-for-leigh-creek-953437.html
John Peters speaks to Proactive soon after announcing the company wants to list its Leigh Creek copper project (LCCM) on the Australian Stock Exchange within a year. Ahead of that, it is looking to raise A$10 mln in debt funding to bring the Australian prospect into production. Estimates of $6-8m EBIT per year from LC should insure good terms for the $10m facility.
You would need to challenge SML auditors if you dont think we have assets worth £13.4m. Investors make big Money by taking full advantage of disconnect in market cap. These guys won't be bringing in funding unless the asset covers interest and generates more free cashflow for the company. Sometimes the cap doesn't reflect the assets and there lies the opportunity for investors