Member Info for OilyChan

Interesting article .. companies such as RedT next generation vanadium flow storage units look like they will be vanadium/lithium hybird storage to take advantage of best features of both systems..

From April 10th RNS Overview � Milestone Off-take Agreement for up to 100% of Li2CO3 produced at Sonora: o Hanwa to purchase 70-100% of lithium carbonate produced during Stage 1 o Tonnage based contract for battery grade lithium carbonate at market pricing, with final pricing to be finalised prior to commencement of production o Option to increase the off-take tonnage by up to 100% at Stage 2 production

Thanks Rivaldo.. great summary as per.

I have held a small position on Redt for a year or so and thinking now may be good time to pick up some more.. Obviously Lithium and Flow are not necessarily direct competition and the recent hybrid sale is v.interesting but wondering if anyone has any views on the one advantage the lithium battery producers seem to have and that is economies of scale i.e. lithium battery prices falling and the number of planned gigafactories would indicate they set to fall further ... I am aware Redt has pricing advantage in Flow market currently.. does anyone have any info on expected prices going forward in this market? Thanks.

Stellar.. over 100% return in just 18 months.. and still looks great going forward.

Im for holding (hopefully long term) .. its paying me a 6% divi, looks like trend still north and basically cant find anything else to replace it with that is better...

Agreed.. looks good .. if shares still tight we should see a test of recent AT highs

£200 quids worth of cannabis (allegedly!) hardly the crime of the century.. stupid though.

Borgy.. Think yesterday it went ex div for Special and Final Div

ST is back on the 23rd apparently.

Yep concur with that.. just tried to pick some more up with Halifax.. nothing out there currently .. set for a bit of a squeeze if this remains the case

Been on the sidelines over the last 12 months but back in today as looks like most new news will now be related to sales and not delays..

Simon Thompson upgraded SOM target price to 230 on 14th Nov.. less than 10 days later hits new target... this stock has everything going for it currently.. Existing healthy order book.. Trumps infrastructure promises and currency strength

Thanks Rivaldo, As you state, the SP to the real book value appears to be heavily discounted, the management team have a great track record and the three directors themselves hold just over 40 pct of the issued shares with the majority of the rest tightly held.. still looks great value.. will probably pick up some more on any minor retracement.. many thanks.

Hi Rivaldo.. did you make the meeting on the 18th? If so, any thoughts? Cheers

i bought a small amount also today.. i would like to hold this stock on a long term basis for the divi.. allabest

Skippy.. yep looks like Currency and UK economy concerns regarding possible Hard Brexit .. given high NAV any rebound in GBP/USD rate and better soft landing outlook would signal strong rebound.. think until we get better info on economic outlook sp will be depressed.. RNS today seems to address these concerns but forecast wasnt particularly negative

Nice one!

Thought this placing had already been flagged sufficiently on the 13th May. cant see why its a big suprise. 6 x earnings given potential size of quarry looks v.low to me.. know of much higher earnings multiples on blue sky projects with years to completion.. i had offloaded most of my stock but think i might start picking some up again around here.

Repeaing and amending typo!! S.T. from Investors Chronicle posted a positive update form his start of year Bargain Tips article. Points out that shares trading on a 10 pct discount to book value even though 80pct of portfolio fully backed by free cash. Also all three of these businesses i.e. Shire, Impetus and Sira could easily be worth in aggregate £15m, or 366p a share, or almost double their carrying value in Volvere's accounts, and potentially more if the early turnaround in the automotive consulting business steps up a gear or two. Ends by re iterating strong management team and believes the shares should trade at a premium to conservative book value.