Member Info for LB21

I am sorry Sammy58 that the share price is currently not behaving like you expect it to.

Equally, no one made you buy shares in this company, that was your decision as a sole investor and consequently you have no right to call the MD out like you have done.

If you are that dissatisfied with the progress the company is making may I suggest you sell up and move on?

Don't forget Tanya on about $450k per annum...

Chinese Fe still $41.50 and average USD/ZAR for H2 is 14.60 hardly dire straits...

BMN haven't sold any Enerox shares.

MUST is acquiring a 22.1% interest in VRFB Holdings via a share subscription thereby effectively diluting both BMN and Garnet. Prior to the RTO BMN previously held 50.5% of VRFB Holdings which in turn (still) holds 50% in EHL which in turn wholly owns Enerox GMBH.

There is no profit or loss to recognise in the P&L (if anything the fair value of our shareholding will have reduced as we have been diluted).

That's how I see it but happy to be proved wrong :-)

Actually I think its just fair value (FRS102)...

Would have thought it would be the lower of cost and net realisable value (or fair value).

I don't disagree with you Pdub but at the moment I don't see the business case for the electrolyte plant being bigger than 200mhw.
It will be the VRFB providers which will need to secure V and they won't agree supply contracts until they have secured contracts for deployment.
Once VRFB manufactures can deliver at scale (and we are not talking about a long time frame here) and the demand is there then I think it makes sense to expand the plant's capacity.
That's just how I currently see things, and everything can change very quickly of course.

I don't think so @bassguy CellCube are aiming to ramp up capacity to 240MWH by 2022 who else would be deploying the VRFB's for the additional capacity?
BMN's right of first refusal with invinity also expires next year...

and your highest? :p

Cellcube making headline news -

https://www.pv-magazine.com/

Off the top of my head I think its
BMN owns 84% of BE
BE owns 50.5% of EHL

Its not BMN's holding in Enerox which is being contested by Garnet, it is to do with Mustang Energy's investment into Enerox

https://www.sciencedirect.com/science/article/pii/S2666386421002678?via%3Dihub

Apprently Cellcube/Enerox are developing a VRFB which produces green hydrogen (in collaboration with EPFL).

"#Vanadhy: Green #hydrogen production with a #vanadium redox flow megabattery. No alkaline or PEM electrolysers. The ideal way to connect intermittent #renewable electricity supply and on-demand, on-site hydrogen production for both #EVs and #FCEVs mobility. Developed by Girault's laboratory at Electromobilis-EPFL. Thanks to Cellcube and EOS Holding"

I agree Pdub August is notoriously quiet for Chinese steel producers and September/October are usually bumper months so nothing out of the ordinary for me I expect prices to tick up again shortly.

No chance IMO they are already sourcing their vanadium from somewhere else it makes no sense for them to change to BMN who are backing Cellcube as their preferred VRB supplier anyway...

There is far better insight and knowledge sharing on the telegram group than there is on here nowadays...

Of course it does what has happened these last few months is a consequence of a) last years V price b)35 day shutdown at Vametco c) Arcadia selling down to assist with funding Enerox etc etc no offence but that is a pretty stupid question.

That's levelized cost of storage (LCOS) and not LOCE of course..

For those who were unsure whether VRFB's are cheaper than Lithium-ion for long duration storage should download the StoreFast (Storage Financial Analysis Scenario Tool) released by NREL last week -

https://www.nrel.gov/storage/storefast.html

It would appear from the most recently filed company accounts of Enerox GmbH that the Chairman of Enerox Holdings Limited is a London based principal M&A analyst for Rio Tinto.

It so happens that he is also connected to FM on LinkedIn. Is a BMN deal with Rio Tinto in the pipeline?