Member Info for OldFool13

Electrochem, yes through the Broker your Red shares are bought. Unless there is a material change in fortunes I cannot see anyone applying. Neil had better start digging around for a rabbit in his hat; perhaps he might yet find a Mega deal lurking in there!

The German order is already modified and worked down in order size so not sure it will be a company saver or not. It may well inject a bit of positivity to reflate the share price, hopefully before 4th April. Its all a bit too late IMO

From the RNS yesterday:

"redT have pioneered the rental of vanadium electrolyte in their systems to combat recent volatility in vanadium prices to reduce product capex and plans to apply this to the majority of 2019 and 2020 projects"

I'll continue holding with the remaining % as not a lot of point but I guess it will depend on the size of your holding.

If one of the two big deals actually get fulfilled then I'll jump out on any spike then.

Well there is a severe crdibility issue. Very surpised at this stinker as I felt the fundraise was not due for a couple months and hoped it would be off the back of positive German news. Oh well another bottom drawer share, live and learn.

I see all the miseries are here dribbling over everyones losses.

The last 2 weeks the results have been out "this week" and prior to that as you sayshall we. I was certainly expecting them to be this week, undoubtedly they need to get these out what would delay?

As a cynic, this lasts few days would have been good to bury bad news, so a hopeful indicator? (take this a s a "light" comment)

In fact I suspect Red are getting relegated out of the medium players league. Have a read through this down to the bottom and Annesco are presenting again

https://www.energy-storage.news/blogs/five-things-we-learned-from-energy-storage-summit-2019

Annesco are linked with BSIF and IMO now one of the key players. A mega deal and the necessary ramp up in production will change this but time is dragging on far too much

Well they didn't say too much on specifics, mostly reiterating what we already know - the absence of counter news indicates this open opinion to be correct though - just little hints that do not add upto much, but either the person on the phone is a complete crook, or they are genuinly optimistic. Nothing I have ever seen makes me doubt their sincerity. But yes where is that damned RNS!

Faramog, essentially I agree with you, so there! I doubt technical superiority, I also await funding with or without mega news as I have said for a while now.

Why "get away with a fundraise" there is nothing to fear in a bit more dilution if it is to keep the company going until revenue streams can be realised. I rather we didn't but as long as the results clear up the Fleet fuck ups from last year I'll be happy. All that matters is that SEE annouce in clear terms and not faff around with another badly written RNS. The last fundraise didn't really dent the SP last time, neither should one now ...... but I would be more pleased if they raised credit instead

A nice early morning rise on no real volume .... PI's jumping in ahead of half year results.

Funny old game this share business. Starngely JJJ brings up a good point that unless news is released soon a fundraise becomes far more difficult for the company to get out. I esteimated a while ago That May would be the month it is needed to raise cash for normal operations and I guess April will be used to sound out potential II participation. That gives Red 3 or 4 weeks to turn the SP around. There is no air of panic in each of the conversations myself and others have had with Red, in fact they sound quite optimistic so I think news will come shortly .... if that Mega deal is secured the SP and direction will turn around and then the fun really starts.

I don't fear a fundraise except if it is off the back of a failed Mega deal, then we would have real problems!

Good luck Tagware, I am not too bothered about these, if they get their act together then I'll get a nice return, if not well it does not have too much to fall anyway.

I am glad to read the two new posters having much the same opinion of the company as I have (meanwhile Yellow1 misses the mark yet again). It is interesting that Scott comes across well to others. It is correct that the company do not feel the need to RNS small sales, however I think it is time they acknoledged where they are with Gen 3 sales. When I last spoke to the company they were out of testing and were frustrated by Anglian planning issues. This really ought to not stop other Gen 3 sales. It is time the company updated us here.

It was about Canco being sold off and the "conspiracy" that it was all for the enrichment of Scott. If you want to read that rubbish join the flat earth society. You do understand the history behind Bolgas's posting? Serial ramper across multiple accounts sold, then turned to deramper.

Now if you want to discuss the lack of Gen 3 orders, the lack of Mega news, even the lileliness of a fundraise then I'm all ears as that is what is driving both of our losses. The SP will turn about IF news along this lines can be released and only then. I am of a mind that this may well soon become clearer.

Whether Camco turns to profit this year is not my concern as it was a part of the business going nowhere.

Well that is unpleasant, cookies deleted so I hade the misfortune to jump into the Red thread without being logged in, so was able to see Bolgas's write up. What a load of utter bollocks, didn't read it all but you really need to get a life my dear boy! You sold, your angry at the loss I get it, but FFS grow up and move on. I guess dubmaskullanga is anotherof your handles madeup to post on the BMN thread you used to deramp!

Humourous your other handles of Dogrunner and Dlg both bitch about the same thing! You serial ramping / deramping fool.

Thankfully I am back on my account and you are back to a one line filtered post.

Interesting article Mikemine, the fire hazard is a major issue for Lithium especially in Southern Hemispheres and makes Vanadium a no brainer as it cools as it charges and only heats on discharge

"During 2018 more than 15 battery fires were reported in South Korea, resulting in actions taken by the Ministry of Commerce, Industry and Energy (MOCIE). There are now more than 1,250 battery energy storage systems installed in the country. Following the increasing number of fires in the country, authorities prioritized conducting safety checks on all installed battery systems."

Just for a bit of speculation on the last paragraph of your post Terrym. But imagine you are at Apple HQ and you really are desperate to get into premium interiors, you've ruled out going it alone, BMW and Mercedes have knocked you back, how could you possibly get an inside line with a bit of Tech leading essential kit? I wonder how much your evaluation would be worth to them?

Worked well for me piggy-backing the ramp and selling at a good time, and oddly was proved right as time showed. To clarify, it was a few people ramping over a long period of time then maxed out on top of a series of good news RNS's, look back at the RNS history for yourself. Have you ever looked at the click counters on the ADVFN (not Red) BB's that show how many people and from what countries view each thread, but never post? Never underestimate the power of "Guru's" on a thread and the influence they wield.

I do agree with Scott's tendency to fluff the news up, but I hardly blame him. I have always been a good judge of people and have done well by seeing through people, so when I got to meet and ask questions of him I felt under that fluffy exterior is a good CEO.

To be fair I sold after the 16p peak at around 13p (cannot remember exactly) as i recognised the problem rampers, it was blatant a fall back would happen and so it did.

The placing was announced on 8th Dec, peak SP was Nov 27th after a run of sucessive good news events with sales etc! Did the company time their raise at an opportune moment YES. Did the company release information to interested parties in advance, almost certainly no. The main fall back happened at around 12p after the announcemet so I feel myself anf=d other PI's were to blame, not the CEO.

Faramog my comments go along the same lines as Mikemine and as far as I interrogated the finances as released I estimated they have enough cash until May. They can still have a cash call at any time, but why would you when the SP is already supressed. The caveat here is IF a mega deal is announced then cash is needed, then at that point Finance is an essential part of a good news strategy.

Appaently at the AGM finance was said to not be a problem in the event of a mega deal, well that still holds true, but it cannot happen until the Mega deal happens. I expect that to be announced at the same time or shortly after a mega deal announcment IF it happens.

Just to answer AIMforprofit the rise to 16p was pumped by ramping partly on here and particularly on ADVFN by individuals that now hold a negative opinion of Red. The share was pumped on the back of a series of good news events and I feel not really Scott's fault.

No I have not spoken to them since 3 weeks ago and I felt there was enough confidence in the replies to let them get on with it. I would be a liar if I tried to say I am not concerned.