Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Of course the focus needs to be very much on the vanadium strategy but surely if they can agree an OTA for the Iron, that could generate a very healthy cashflow to help fund it, and avoid further shareholder dilution.
Looking at the IES fundamentals, it is quite extraordinary. Mcap of £128M, 2019 revenue 0.66M, net assets 12M. Very best of luck to them but there seems to be a lot of froth. This makes the BMN SP even more difficult to fathom, given that it may well get the lions share of the value added in that VRFB supply chain.
@jimbo66 - I had a look at the Ford presentation on Youtube. There seems to be no mention at all of batteries. If they aspire to be totally self-sufficient then would seem to be a necessity.
Pension tax relief will certainly be cut back - possibly they will only allow relief at basic rate. The justification is that why should 'the rich' get 40% put in their pension by the taxpayer. It's a soft target. I can see ISA's being cut back as well or maybe abolished altogether. Again only 'the rich' can afford to stick £20K p.a. in and an increasing number have 7 figures in their ISA's. Indeed I am planning to be one of them when BMN takes off!
I think that goes to show how much ball ache there is in having a listed company - something we probably don't fully appreciate. Clearly an RNS is more that just a quick press release. The mere thought of the fees of the 'lawyers, brokers, advisers' makes the eyes water.
Read this today
The AIM all-share index closed last week at 978.19, surpassing the previous year-to-date high of 975.18 recorded on 20 February before the market plunged. In total, the index has recovered 66% since its 2020 low of 589.63 recorded on 18 March, just prior to the UK national lockdown.
Companies in the alternative energy, mining, leisure goods, pharma and retailing sectors have performed particularly well.
I have been watching the Sky mini series Chernobyl this week (well worth seeing). It told the story about the explosion in the reactor and the fire that couldn't be extinguished and the toxic clouds that rained down on built up areas in the vicinity. I couldn't help but think of lithium BESS fires. These 'mini-Chernobyls' are being installed all over and nobody is aware of the danger.
It would be most odd if IES ends up with a higher Mcap than us. Of course I don't know the detail of the commercial agreements between them and BMN but it seems to me that a very significant amount of the value added will accrue to BMN in the supply of the electrolyte, so you would expect the respective SP to correlate.