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Highlandmatt. I originally lost 5 figures under the AUREUS banner and as I a have fully invested my share cash elsewhere I am reluctant to investor more than the 3K I ha e in ASO. here even with the prospect of SP improvement from here. As far as YOUGA goes he originally bought it cheap as an "END OF MINE LIFE" proposition. No doubt as a way into the Gold mining business. The virtual take over of AUREUS (now called ASO) was to ensure a transition into a mining company that had reserves (the Liberty mine). For the past 2 years I have often wondered when/if he would launch a takeover bid, now that he has I still think it is the Major holders who will establish the final price. It all depends on how much of a loss they are happy to swallow, but I shall be holding for somewhere north of £1.20. Ad always DYOR

Highlandmatt. He has 3 months to get to a squeeze out position or else the bid has to be abandoned. So tracking back a year from mid Nov 2019 the highest price would be £1.7 ish (if he bought any at that price). And don't forget that the majors have paid in excess of £3 so to get thier support I would expect somewhere between £1.20 and £3. That's a wide spread I know but as I am not a fly on the wall its the best guess I can offer at the mo

Aplogies for the inaccuracy in my previous post "
Once he has the 90% "squeeze out" holding the squeeze out price can be no lower than the lowest purchase price paid in the previous 12 months to any MM, PI or Major Shareholder." is INCORRECT

I should have written "Once he has the 90% "squeeze out" holding the squeeze out price can be no lower than the HIGHEST purchase price paid by the TO Bidder in the previous 12 months to any MM, PI or Major Shareholder."

T'was a Freudian slip when I wrote "no lower than the lowest purchase"

Well bitterly disappointed by this RNS.

However, this is only an offer, you do not have to accept it at this Stage.

Please note to force an acceptance of a take over my understanding is that he requires a 90% holding as per current EU, LSE/Jersey rules - though I am not certain about the TSX squeeze out percentage the Canadian, and indeed most other Exchanges, are very broadly similar.

According to the AVESORO website your man has approx 72% of the Shares in issue with 19% held by three Major Shareholders and the remainder with us poor souls.

Once he has the 90% "squeeze out" holding the squeeze out price can be no lower than the lowest purchase price paid in the previous 12 months to any MM, PI or Major Shareholder. To achieve the 90% therefore he has to buy some from a Major shareholder and somehow I don't think they will accept £1 before or after the squeeze out.

It is therefore my belief that £1 is but an opening Gambit.

https://www.greentechmedia.com/articles/read/the-safety-question-persists-for-energy-storage
https://www.greentechmedia.com/articles/read/the-safety-question-persists-for-energy-storage

Another piece on battery storage safety. Who knows when the penny will the drop with those in the popular media and government. When will this issue finally factor this into their thinking (?)

jogj99 thanks for that link, now bookmarked for future us. Reading the link posted by Bella6532 it is clear that my "find" is a precis of that document. However the former targets 90p and mine says 72p.

Sorry guys and gals but I can't even get the missing letters to to type in and read correctly. Either LSE or the source must have some clever software. Anyway SP value at 72p. I found the link on my smartphone rolling news updates from google

The full link would not paste but if want to read it substitute the ********** with...... *************

Apologies if this link has already been posted https://www.*************.net/bushveld-minerals-vanadium-leasing-structure-accelerates-value-creation/

Alfa - I believe I may have tracked down "Bully de Mines", apparently he/she lives on the Rue Merde de Shits.

Also ref BV perspective - I believe that when Institutions holding above the 3% Share ownership threshold have to submit a TR1 disclosing the Loan Out. I do recall such an RNS being issued on CEY last year.

spbhoy - my desk top access works

To the 3 amigos, a link just for you, most other investors here will be familiar with the contents of this article. PS also note that separating vanadium from the slag produced during the "normal" steel making process is very expensive a yields very little V

https://seekingalpha.com/article/4257831-vanadium-miners-news-month-april-2019

https://amp.axios.com/insurers-easing-adoption-large-scale-energy-storage-27692339-5c9f-43b4-b36f-034536b06add.html

Just a little news re Flow Battery Insurance. This is not an indepth article but it does hint at how large scale Flow Battery costs/risks could be mitigated.

Please note I am invested in both IRON (for it’s HPI) and BUSHVELD (for Vanadium and VRFB’s).

BUSHVELD published a Q1 RNS yesterday, amongst the highlights they said that BMN had “Progressed on the development of a vanadium electrolyte production facility, including procurement of two tons of vanadium for conversion into electrolyte.”

Also posted yesterday on the Bushveld Energy website, Mikhail Nikomarov CEO went on to say:
“The mini-grid project will demonstrate both the superior technical merits of long duration VRFB systems when paired with renewable energy, while providing a commercial return to its investors. It will also use LOCALLY MINED AND BENEFICIATED VANADIUM, showing how VRFB energy solutions can create more local value to South Africa than any other storage technology.”

I was rather hoping that IRON would post a RNS today saying that they were the supplier for the 2 tons bought by BMN. But todays RNS from IRON said that “The potential off-taker concluded its metallurgical tests as part of the bulk sampling programme. If my memory serves the offtake partner had to pay (BUY??) the sample.

Draw your own conclusions, I know I have. I for one am sticking. I may even twist.

Troajan - you beat me to it, forgive me for my repeat - its just that when I picked up on it this AM I got so exited

Nice to see ASO getting a mention in the DM, even if the DMs tipping track record is only average.

https://www.thisismoney.co.uk/money/investing/article-6840333/INVESTMENT-EXTRA-Proceed-caution-going-gold.html

According to the research I have undertaken Lithium Ion Rechargeable Battery fires are, for all intent and purposes, next to impossible to put out.

It’s not the Lithium itself that is the problem but rather the electrolyte currently used. Until such time that a safe and EFFICIENT alternative to the current electrolyte is found for this design the fire risk will remain.
Using water on such fires only exacerbates the problem as it would result in the production of Hydrogen Gas. Not the best thing to have around.

Lithium ION fires are usually caused by one of two mechanisms.

A) When exposed to an adjacent fire

B) A thermal runaway within the battery itself. Thermal runaways can be caused by a manufacturing defect, such as an internal short-circuit or physical damage.

One can imagine therefore that make Lithium Ion Battery Farms safe they would have to have their cells placed widely apart and that the farm itself would have to be at a safe distance from any Infrastructure - Giga factories, Housing etc. This wide spacing, both within the farm and between the farm and the end user, would in turn significantly increase electrical transmission losses.

Most here know that on a Cost/Power Density basis Lithium Ion is “cheaper” than VRFB Batteries. However the analysis seems to ignore the cost of the increased amount of land that a “safe” Lithium Ion farm would require and the electrical transmission losses that would be incurred.

As usual the “Tomorrows’ World” mentality of most media outlets ensures that few people are aware of the inherent dangers with current Lithium Ion Technology.

Sadly it will take either a large scale Lithium Battery Fire or multiple deaths occurring during a Home Installation fire before the media picks up on the true costs of Lithium Ion Batteries.

A whimsical and highly optimistic thought - maybe somebody is trying to trigger any stop/losses before a set of V good results. Don't take this seriously, as I have said pure whimsy and optimistic.

I am not a regular poster here and have only been invested since Oct last year. Please accept my best wishes for you and yours. Ohh and thanks for all your posts, very informative and always courteous!!

An interesting snippet

https://www.energy-storage.news/news/uks-capacity-market-becomes-target-for-flow-battery-maker-cellcube