Member Info for Mikemine

Up to a point you are right OF but RED getting a global partner on board, on favourable terms, would be the making of them. I think the financing finalisation will come first but RED won't be quite dead in the water if it doesn't come through. It will be a big setback though I agree. Although they have said it should be done and dusted by 31st Dec, I can't imagine much will be done after Christmas so my guess is for an announcement the week before Christmas. Things can and do over-run so we may be looking at early next year. I don't care much just so long as they get the deal done.

Thats probably in the region of just under 8mn shares. No wonder the SP has taken a battering recently.

Who is Anthony Bruce Millar?

Afraid you are right OF but its overdone IMHO. The Footsie is down over 3% and there's lots of red out there on AIM.

Nothing has changed with RED of course, as far as we know. We are still waiting for the news on the finalisation of the financing of the German deal but they have a self imposed timeline for New Year's Eve for that so nothing untoward on that ATM. The delivery of the units to Anglian, as with everything else, depends on Jabil setting up the production line. It would help if we got an update on that.

We have 2 other matters which could help. The first is the search for a global partner to take us forward. I think it was September when RED announced the search. The second is the putting out of the bundled £120mn package to tender for financing. We've heard nothing of these 2 items although there must be lots going on in the background. These things will be subject to confidentiality agreements so i don't expect to hear anything about them until they're done and dusted.

Apart from all that, the sales and marketing team won't be sitting around contemplating their collective navels so different news could emerge at any time. We've had no bad news.

Its frustrating as hell and in the meantime the SP is a sitting duck. Having said all that I wouldn't be at all surprised if the footsie and the SP rebounded tomorrow. SPs and markets tend to swing too far either way and often get a correction quite quickly, especially when movements are large.

In case people don't know what I'm talking about here's the link.

http://www.epc.sark.gg./assets/narec_island_system.pdf

The report gives a total cost of the RED installation at £413 per KW if my calculations are correct. I don't know where the authors of the report get their figures from, nor if they are up to date, but RED must have had some input I feel. I don't think this project will affect us for some time, if at all, but its very interesting seeing a complete package for an isolated community put together. One heartening point is the almost dismissive regard to lithium batteries being used in this situation. They come down strongly in favour of flow machines.

Unfortunately for the SP we are in a no news period and have been for a while. RED indicated that the bigger things that were likely to happen or get finalised and would be newsworthy would not happen until the end of the year give or take. Thats allowed the usual suspects to sow seeds of doubt in to PIs minds with false premises and challenges to RED's viabilities and plans. Its been an ideal environment for them and the SP has responded as they would have hoped. Its been a sitting duck.

The facts are though that RED is carrying out what it said it was going to do and there has been no bad news. In other words nothing has changed since the SP was 10p plus. The company has been doing what is supposed to do but the derampers have managed to get the SP down to these levels. I must admit some of them have been very good at this and they must have made a packet on IG Index etc. Some are very plausible. Its a lonely life as an investor and we are all subject to doubts which have been played upon.

The good news is that we are approaching the time when things will start to happen. I bet Scott is frustrated at what is going on to the SP, as we all are, but he can't really say much that is factual until it is factual and that, as I said, is not due yet. A progress report would be nice but, until the turn of the year, we just need to put up with the deramping.

Yes Bushveld are in a good position but to answer Faramog's slightly ranting question here could be an answer.

https://otp.investis.com/clients/uk/bushveld_minerals/rns/regulatory-story.aspx?cid=1344&newsid=1212868

From a list of future aims

"Renting (or leasing) vanadium electrolyte, which is a new product under development. In the product, Bushveld Energy can retain ownership of electrolyte and rent it to the VRFB user. The product is unique to VRFB energy storage technology and essential not just to cover vanadium price peaks, but to also implement a long-term pricing strategy which reduces the upfront capital cost to make VRFB one of the most commercially competitive energy storage technologies in the market;"

Clearly Bushveld believes that the market for flow machines are going to grow massively and they are preparing to rent and sell the electrolyte in to that market. I wouldn't be at all surprised if they are not to only vanadium miner that is planning to do so. Scott has highlighted this way forward whilst vanadium prices are at these levels.

It is also clear that Bushveld will not be trying to wipe out other VRFB makers as it sees them as their long term customers.

Their business model is clear and fortunately is compatible with RED's business model as well.

Scott looks very confident although the video gave us nothing new. It could have been a bit more far reaching but it adds more to the story RED is putting out there.

Here's a bit more on the same with some reference to the UK

https://theenergyst.com/red-t-turns-1mwh-flow-lithium-hybrid-plans-uk-replica/

RED doesn't actually call it a Gen3 but it is a hybrid and I'm not sure Gen2 was in that category. Does anybody know about Gen2?

The formal launch of Gen3 was in June so that would allow plenty of time to make a few and send them out to Oz. I guess they were made in Livingstone.

Mk Cap of £50 mn seems pretty low to me. I know its just getting going and there is no profit etc. but just look at what could be just around the corner. I'm not going to name them as you should all know them but the potential for expansion is well worth more the £50n surly.

Not sure if this has been posted here before

https://onestepoffthegrid.com.au/monash-uni-charges-ahead-australias-biggest-behind-meter-battery-system/

This is only the beginning for Monash. They have a larger project at Clayton which will incorporate energy storage of course.

Monash have a large energy research and teaching faculty and they intend to reach out to other universities and businesses to demonstrate their microgrid concept. They're on a mission and it will do no harm to RED at all.

Seems ideal for share trading. I can feel the MMs shuddering now at the thought.

Over the last few sessions the MMs have accumulated quite a few shares and they will want to sell these at a profit. I note today that there have been 2 sells of 650K each and normally I would expect the MMs to take full advantage of this and drop the price. They haven't done so. I suspect they will now look to raise the price when buys come in so they can unload all these shares at a higher price that what they paid for them. Lets see what happens.

As far as I can see, all of Redgrid's partners and associates are users of software to create paths to use energy from different sources or locations optimally. Heavy emphasis on blockchains. None of them produce the power nor store it. Far to complicated for me to understand but I don't think RED, or any other hardware company, would ever become a partner.

Thanks for the reminder PC. I'd love to know what the conditions are.

So the financial close could come anytime but probably weighed towards the mid to end of December. Personally, as long as it all goes through, I'm not worried if it goes in to January. I expect it will be linked to Jabil's ability to start production so that news might come first.. Certainly we are entering in to a very interesting period.

Simec is big company with many interests. I think it might be just the sort of company RED is looking to partner with, as stated in the Placing RNS, and RED might be just the type of company that Simec are looking for.

http://www.simec.com/energy/

"The new company SIMEC Atlantis Energy plc has a strong pipeline of flagship green energy projects. This includes the development of the trailblazing Meygen tidal stream project in Scotland and the Wyre Estuary tidal barrage project in Lancashire. The new entity would also look to acquire other SIMEC Energy power generation assets in due course and partner with SIMEC in developing new power assets."

Thanks Pinecone54. It seems to me that tidal is an ideal candidate for storage due to the rotation of the tides so I'd expect this to be high on the agenda for SAE. Whether they choose RED or not is open to debate although RED must be in with a decent chance.

I remember Atlantis from a while back. Didn't invest but I bet you're glad you did. From my recollection the SP was around 3 or 4p at one point. Good Luck.

I hope the same happens to RED. Its looking for a large partner..........maybe Simec? Would fit in well.

Does anybody share my vague recollection of Gupta saying SAE would buy form RED at some stage. Maybe that time is now.

https://www.renewableenergyworld.com/articles/2018/10/progress-continues-on-worlds-biggest-tidal-stream-project.html

Never posted on this bb and do not hold shares in SAE.

I'm mainly in RED, an energy storage outfit, and was wondering if you guys could tell me about SAE's involvement in storage. I seem to remember SAE was going to hook up with RED to provide storage for the tidal project but can't find any reference. Any info would be greatly appreciated.