Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
This is noteworthy... "The Directors believe that the experience of James and his relationships especially among PGM producers in Russia, China and South Africa, are beneficial for the Company in its ongoing work streams".
Well, given multiple interested parties are still involved in the FSP then clearly NN are still in, so too China and SA! Bidding war very much still alive and well.
Hi Pb940
Having done quite a lot of research into the East London electrolyte facility one the things that has bugged me about the supposed 2nd facility is the idea we can just start building one. East London was subject to an Environmental impact assessment that took months to complete and then even more to get approved. I don't recall a specific EIA for Vametco/brits for an electrolyte plant and I don't think we can just start building one without the necessary approvals.
Don't get me wrong it's a great idea to have this as an integral part of the operation. But we know how long East London has taken. It was approved a year ago and its not built yet. By my estimate if we haven't got the approvals yet this is easily a couple of years from producing anything.
If it is part of the plans and this is a new development why is this not being RNSd? I am heavily invested here and yes down significantly and do believe but God the comms from this company can be so frustrating at times.
Don't shoot me as a deramper. I'm really not. I've only sold a few to pay for my daughters wedding and yes given the SP I was distressed to have to do so. Otherwise I'm long on BMN.
Pdub sorry I meant to post yesterday to send my congratulations but now have the opportunity again.
So many congratulations to you and GND so pleased for you and for your equally positive news today.
Stay positive. Stay strong. Enjoy every day. But I know you do. That's so clear.
Best wishes
Madasahat
It doesn't seem possible it was a year ago the Environmental Impact Assessment for East London was submitted. So today I note the following:
Application for Amendment of an Environmental Authorization: Development of a Vanadium Electrolyte Production Facility in the East London Industrial Development Zone (ELIDZ), Eastern Cape Province (DEDEAT Ref No: EC/7/A/LN2/4/18-23)
Bushveld Energy Company (Pty) Ltd received an Environmental Authorization (EA), on the 2 September 2019, for the proposed development of a Vanadium Electrolyte Production Facility in the East London Industrial Development Zone (ELIDZ), Eastern Cape Province (DEDEAT Ref No: EC/7/A/LN2/4/18-23). This serves to notify you that an application for amendment of the EA to change the name of the license holder (company), from Bushveld Energy Company (Pty) Ltd, to Bushveld Electrolyte Company (Pty) Ltd. has been submitted to the Department of Economic Development, Environmental Affairs and Tourism (DEDEAT): Amathole Region.
The Department will have 30 days to issue a decision from the date of acknowledgement of receipt of the application (dated 07/09/2020). The outcome of their decision will be communicated to all stakeholders and I&APs.
Not really mega news I guess but shows still plenty going on behind the scenes.
Andre,
Salutory lesson. Whilst I agree the future for Pd is v positive I would counsel against putting too much store on Chinese adhering to standards like this. I am sat nursing a big loss on BMN as I got in on the way up for Vanadium prices which then collapsed after China didn't enforce the new higher 'mandatory' V content in rebar. Not in any way deramping here but I wouldn't look to China to adhere any of their own or anyone else's rules!
Cheers
Hi Ian
Could you put me down for next Friday, 24th July please?
Many thanks indeed.
Thanks to you and the other positive and well researched posters on the bb who have helped us all so much.
It feels this is moving quite quickly now after what seems like the eternity of the suspension.
GLA
https://www.gov.uk/government/news/battery-storage-boost-to-power-greener-electricity-grid
Also need to remember it's not just what is in your SIPP but all your pensions combined including any final salary pensions (and you value these at 18-20 times your annual pension payout (actual or forecast) so if you have any you'll need to take these into account. Not advice so get an IFA or accountant to advise you!
Surely this is a reverse takeover in as much as EUA is the "lesser" business as it is on AIM and MNRG holds the full listing despite the big difference in market cap. The way I see it with only a proportion of the proceeds of selling MT then EUA buys MNRG - that way EUA gets off AIM and no more need for a nomad and EUA becomes a bigger business than just WK. Or have I got that wrong?!
Only my view but I don't think so. Buying in advance of tomorrow's investor call more likely. Hopefully that doesn't disappoint (ie not stellar news they may want although still solid progress reported) as the traders will want to move on if so.
Hi RK
We will have or are entitled to one director on the board whilst we have 5% in the first year following the merger but would need to have 10% stake after the first year to keep one director on the board and two directors should our stake be 20% of the issued share capital.
Regards
Madasahat
Just in case anyone didn't notice today whilst trying to swot the bot flies...
latest Pd prices bid $2474/ask $2626... (kitco.com) and $2648 (goldprice.com)
What perfect timing in those ongoing discussions to sell an asset or the company...
Go to the LSE BB and pick up from there. Vanadium, not palladium extending into vertically integrated renewable energy play. If genuine investor you will be welcomed! Had its own fair share of trolls and de-rampers too.
Hoping for some serious return here though, as late to the party (by a month or so!) has made a huge difference bagging once only here at this current suspended SP
Not specifically about storage but...
The rise of renewables continues. It is inexorable.
https://www.forbes.com/sites/danielaraya/2020/01/28/is-americas-fossil-fuel-empire-collapsing/#ca3ea5f2c57d
I particularly liked:
"Investments in new power generation capacity will expand by $10.2 trillion over the next two decades. Fortunately, the bulk of that investment— nearly $7.4 trillion—will be in renewable energy generating capacity."
They're going to need a load of storage as part of that...
GLA Bushies