The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
So has he gone or not
Ramaphosa transfers responsibility for new power generation to Ramokgopa, pulling plug on Mantashe
Energy minister Gwede Mantashe has published his revised Integrated Resource Plan (IRP) in the Government Gazette for public comment.
This guy does appear to be able to cut through all the c--rap and get things done. The issue I had with previous management was exactly that, the time to get things done, in business procrastination is your enemy.
Could be talking out my backside here but could this be the final tick in the box to get the Mustang listing over the line. With BMN being a key stakeholder the regulators could have been waiting on the debt situation being resolved. If so, we could be looking a a decent flow of news coming through now. This is not a bucket shop deal it has the hallmarks of a well run established business, and should instil some much needed confidence.
Hey Fatbanker
Always been one to appreciate your take on things financial if you don't mind me asking:
What impact will the latest banking shenanigans have on the BE / Mustang deal. I'm struggling to decide as the key players are not start ups but will need a significant sum of cash. As our new US broker is likely to be raising funds in the US where there may be doors closing now, could it become a problem or will renewables become even more attractive. I think the latter but I'm not sure
This NMT RNS details the projected V205 demand going forward, yes competition, but for me helps highlight how well placed Bushveld are.
Emerging sustainable battery materials producer, Neometals Ltd (ASX: NMT) ("Neometals" or the "Company"), is pleased to announce the successful completion of an Association for the Advancement of Cost Engineering ("AACE") Class 3 Feasibility Study ("FS") on the recovery of high-purity vanadium pentoxide ("V2O5") from high-grade vanadium-bearing steel by-product ("****"). The FS was completed with assistance from leading Nordic engineering group Sweco Finland Oy ("Sweco").
https://www.lse.co.uk/rns/NMT/
https://www.msn.com/en-gb/news/world/china-increases-its-military-budget-by-230bn-amid-fears-it-will-launch-an-invasion-of-taiwan/ar-AA18eGgE?ocid=msedgntp&cvid=0d57cea51e144ecaaab253e18734fbe6&ei=67
Might need a bit more vanadium then add in the US Europe UK Hmm need a bigger boat Blogs
Interesting Snippit
The announcements coincide with senior US figures both calling for, and predicting, an uptick in investment in non-lithium energy storage technologies there, as reported by Energy-Storage.news yesterday.
Not sure if already posted
https://www.energy-storage.news/utility-edp-to-deploy-vanadium-flow-battery-for-hybrid-storage-project-at-retiring-thermal-plant-in-spain/
With all the positive articles, technology acceptance, general awareness being written now around VRBs married up with the latest defence and structural re build projections the only conclusion I can now draw is :
There is going to be a huge lid blowing off here soon I am at a loss why the institutions can't or wont see it.
The US Senate has passed a $1.7tr (£1.4tr) government funding bill - most likely avoiding a partial government shutdown during the holiday season
The bumper package contains $772bn for domestic programmes and $858bn for defence. It includes almost $45bn in emergency aid to Ukraine and about $38bn for regions recovering from natural disasters.
Gonna need a lot of vanadium to cover that lot, throw in batteries, throw in China scaling up its all ramping up quite nicely
Boom time coming
China relaxes COVID rules even further, in sign it is preparing its people to live with the disease
https://news.sky.com/story/china-relaxes-covid-rules-even-further-in-sign-it-is-preparing-its-people-to-live-with-the-disease-12763153