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Alfa, one more question if I may please.
I feel that I should know the answer to this from somewhere in TBP or on the BB somewhere but...what is the life expectancy of a Lithium battery please? I believe it is shorter than VRFBs. So, say if it is 10 years and the consensus for VRFBs is that their life is 20 years has the calculation factored in that over 20 years you would need to buy two Lithium batteries for every one VRFB?
Thanks Alfa.
To validate research from an academic standpoint one does have to show you are comparing like with like - it would be interesting to see the results on a similar basis. "Levelised" as a description infers that ALL such factors have already been taken into account so if they haven't then the research team need to do so.
Still, the results so far place us neck and neck with Lithium. I'm just being greedy in wanting the research to show us clearly ahead over the long term as this will further reinforce the decision to choose VRFBs.
First off Alfa can I add my own thanks for your report - it is much appreciated.
Second - to echo responses from others I am not sure I am knowledgeable enough to ask questions. But I will "bite"...
Does the experience "cost" assessment cover only initial upfront capital cost or whole of life costs i.e. if not, can the BE leasing model make further cost improvements to "head off" what looks like the Lithium cost reductions around 2020 to clearly position VRFBs with the cost advantage moving forward? Apologies if I really haven't understood...!
Many thanks Alfa for all the continued hard work - it is much appreciated.
Let's hope it pans out as anticipated. Given that we have approached 50p twice it seems very like the assaults on the 30p key SP so let's hope we break through - and hold this time. I believe the transformative news to come will enable this to happen this time.
Alfa I know they will go on. That's "business".
Just a lull from it occasionally would be nice. However, to see so many LTHs be relaxed about things like this does help a newbie like me so I appreciate all the input from yourself, RK, BBN, Knuttie, Ophidian etc. etc. which makes this board so good.
Positive news which we know is coming from so many fronts will help with that. Brits, dividend policy, Mokopane and developments at BE will propel this upwards to a level that will be life changing for me.
I signed the petition yesterday!
Alfa I know our interests and those of the MMs are not aligned. It might not look like it from my comments - but I do get it. I just don't like it and am getting a tad frustrated by the games continuing.
Roll on the news that will "blow the bloody doors off".
Although price spikes are nice to see in some way they tend to be followed by equal falls - so once they spike it to 42 again my gut reaction is (without news) this will then get walked back down again and so we go through cycle again?
The nearest you will get to this is that you will need to wait until the year end accounts (31 Dec 18) where you will see a figure for "Cash and cash equivalents" in the balance sheet. For comparison for the period of 31 December 17 this was £7,218,820 (and was £131,155 at 28 Feb 17)...
Suffice to say it will be much improved...
Hopefully a positive start to the week.
Prices firming up in China.
http://www.asianmetal.com/VanadiumPrice/Vanadium.html
Serenus,
Your assumption is correct and IRL acquired to mine but the acquisition was referred to the Govt on competition grounds. I am sure I saw a post only a few days ago saying that the acquisition had not been approved although I searched and couldn't find anything online on it. I will look for the post again. The closure of that mine at the time certainly contributed to the start of the rise of the V price as the capacity of the mine was about 10,000 mtv pa.
I wonder whether it was rejected to stop Chinese companies taking control and that local businesses might receive a more favourable consideration. If so would this be another part of the BMN jigsaw puzzle? I have never seen anything considering this, however and it may not fit the profile of being the lowest cost producer as the amount of investment is too great.
As I am still awake at a silly hour working I thought i would just check up on the prices and things are holding steady.
Completely unmoved in fact.
V2O5 Vanadium Pentoxide Flake 98% Price USD / lb
China: US$16.10/lb (+0.00% Jan 24, 2019 Europe: US$19.15/lb (+0.00%) Jan 24, 2019
Ferro Vanadium 80% Price USD / kg
China: US$70.5/kg (+0.00%) Jan 24, 2019; Europe: US$79.5/kg (+0.00%)
https://www.vanadiumprice.com/
Still an incredible solid base for this business to make excellent profits - unlike most on AIM.
Agreed whilst they are retained in the SIPP. If you have more than the lifetime allowance of £1.03M in your SIPP (or a lower amount in your SIPP so when combined with any final salary pensions these together are more than £1.03M) any excess taken will be taxed at a rate of 25% if taken as income, or at a rate of 55% if you take it as a lump sum.