Member Info for Nixalas

I'm getting quoted 0.06 to buy.

"In moments of weakness, I too wonder whether these RNSs are Martin's bum paper, full of hue and odour, signifying nothing."

LOL!

Nail biting stuff!

Shorting by the looks of it.

Two huge trades

“StorEn’s vanadium-based proprietary technology, geared toward the residential market, is a game-changer for consumers who are seeking to lessen their dependency on the electricity grid,” said company co-founder Nathan Cammerman.

“The success of the JV with Alexander Mining and John Webster Innovations for the vanadium leaching technology will set Multicom apart as the cheapest global producer of V2O5 and underpin the off take agreement with StorEn Technologies.

“This is a seven-year project for battery manufacture to grow to around 70,000 units a year.

“The factory will be a reasonable size. We’ll estimate there’ll be 50 positions created.

“At that stage it will be fed by around 150 trucking movements a year, each pulling 100 tonnes of processed material (from the mine).

“That’s scheduled to start in the second half of 2020.”

Under the agreement, StorEn Technologies gets long-term, exclusive, and fixed-price offtake for vanadium pentoxide from Multicom’s Queensland Mine.

Slide 20.

Fingers crossed

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.alexandermining.com/Presentations/AGM_28_June_2018_FINAL.pdf&ved=2ahUKEwiF4a6_vIPgAhWisXEKHXimDjMQFjACegQIARAB&usg=AOvVaw22P-aNYTZ8sUNYWhC9ZqXq

It's not 100% clear, but the deadline for appointment is the 1st Feb 2019.

In accordance with AIM Rule 1, in the event that the Company fails to appoint a replacement nominated adviser by 1 February 2019, the Exchange will suspend trading in the Company's AIM Securities. If the Company has failed to appoint a replacement nominated adviser by 4 March 2019 the admission of its AIM Securities will be cancelled.

Creeps be creepin'

It's the same story over at many of their other clients

GCM Resources for instance

RNS day right?

Weird trading continues with a £1.98 sell

Oddly for exactly the same value of 488.05

There's been some strange trading over the past few days.

.......

Love the optimism!

No need to worry about that then. It's old news too. An administrative formality rather than the result of something untoward.

Would you care to elaborate? Do they refer to the Nominated Adviser situation?

Complete conjecture but...

Multicom is stressing the importance of the verification of its vanadium to sell its batteries. Perhaps using a new process makes this more complicated.

Could they have "advanced their partnership" with Storen based on the high level promising results.

Does AXM process now it has a green light of sorts need to be ISO accredited to meet international battery standards, is this why WA now require more data (the test work for which is incidentally being undertaken in Perth...), perhaps the data set needs to be greater to achieve ISO.

WA audit results and the first shipment of batteries are due at the same time.
i.e the batteries are ready they just need the stamp.

https://twitter.com/MulticomRes/status/1076017361474355200?s=19

.....

First shipment in April.

Verification of vanadium critical...

https://twitter.com/MulticomRes/status/1076017361474355200?s=19

From last year.

http://www.morningstar.co.uk/uk/news/AN_1511344500582407900/alexander-mining-eyes-vanadium-testwork-starting-early-next-year.aspx

It's ridiculous.