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A good plug in the Telegraph's Questor column probably helped.
'The Facility will provide additional support for Invinity's short-term working capital requirements as the Company looks to deliver on these and other contracts, whilst continuing to close further deals and develop the pipeline of contracts expected to be signed in 2023 and beyond'.
Clearly says working capital but leaves the door open to speculation as to how near the next deal is.
We still await the much delayed Mustang prospectus then.
I think once the detail contained in the RNS has worked it's way through, a clearer picture of just what BMN owns relative to current market cap should start to have an impact.
Looks to me like there is a big sell out there that we haven’t seen yet soaking up all these buys.
Here's hoping that this news and any subsequent small sales helps the wider market to see this as the bottom.
Someone tell these people about VRFB's
https://www.investegate.co.uk/caledonia-mining-crp--cmcl-/rns/solar-plant-provides-power-to-blanket-mine/202211140700062225G/
I wonder if they've tried methanol or ammonia.
https://www.bbc.co.uk/news/business-62619313
Courtesy of OilyRags on the Bushveld page
https://twitter.com/jenstilmanydots/status/1588999818718097409?t=5u6nfydKu1iaH9JyznuGcQ&s=19
New RNS - Someone placing a decent size bet on that turnaround?
The battery age in California as well.
https://www.investegate.co.uk/invinity-energy-sys--ies-/rns/10-mwh-california-sale-contract-executed/202210210700036896D/
Looks more like retail sellers to me.
'Invinity continues to advance the joint development of our next-generation flow battery, known as 'Project Mistral', with Gamesa Electric and Siemens Gamesa Renewable Energy. The joint development programme is being executed in several stages, and progress through the milestones that mark those stages has recently been reviewed and confirmed by the parties involved. Once at commercial launch, Mistral is expected to demonstrate the size, scale and economics needed for a compelling alternative to lithium batteries which are subject to increasing concern about safety and supply'.
I make that about 5.7m left yesterday.
We don’t know if they’re reducing or disposing.
Dixon-Clarke is moving to AFC according to their RNS.