RE: RE: redT partners with Statkraft26 Mar 2019 21:04
AFP, been keeping away from the screen quite a bit as I took a large hit last week on another share. Also to be honest I really do not add to your points, in this case all I can do is hope its for real.
One point I would add is why would someone allow exclusivity, the power of competition is enough to keep people focussed surely.
RE: RE: redT partners with Statkraft25 Mar 2019 09:27
This was obviously on the way or already a done deal. Get the bad news out, hint at good news in the RNS text then release before the OO. Too many people pannicking and ntaking notice of people with no financial interest in the company. I suspect the "a large UK grid project" will be next.
I wonder if any of those suffering serious losses are wondering if selling was such a good idea now?
"If you were an OEM would you license technology that might be controlled by a competitor?"
You mean Like in Computers where HP, Dell, etc are happy to install Intel Processors that are then controlled by a Seagate Hard Drive with Microsoft Technolgy driving the whole show, but sold as HP, Dell etc?
You could also speculate that someone is building a position in Red on the cheap. 115 million shares were traded since the RNS and prior to yesterdays live. IF it is one buyer mopping them up that represents 7% of the company and with the OO giving them the chance to buy 1 in 7 that is another 1% as I'm sure Red won't mind it being oversubscribed. That is quite a large chunk of the company for peanuts.
I personally feel the SP will rise to 2p and the OO a sucess (for Red, not us). However I have been wrong before and will be again no doubt. I have not sold and I continue to hold but I want out, I HOPE to be able to sell at less of a loss based on the 3 big orders mentioned in that dire RNS.
The only person I blame here is me. Got royally shafted on RED last week, talked endlessly with the wife about selling out but in the end I did nothing. Bloody annoyed at myself and have now set the finances back years. I never guessed the fundraise would be at such a low price though and I feel a right mug for falling for it.
My current strategy will be to hold, and take some time away from shares, I hope the worst is now out of the way as at least these muppets cannot hit us any harder in the balls.
Just trading driving the SP. It has been pointed out that some 115million shares have been sold and bought up by someone since the crisis broke. There is very little evidence (until today) that it was PI's buying. Thats some 7% of the company been swallowed up at very low prices.
"But there are signs that interest in redT’s vanadium technology is on the rise. Today’s statement reveals that it has signed a partnership agreement with an unnamed, “major European energy company” to offer a fully-financed, solar-plus-energy storage product to C&I customers in the UK.
This is expected to deploy 100MW of solar and 60MWh of energy storage over the next three years, with further details to be announced “in due course”.
In addition, earlier this month redT signed a purchase agreement to supply ~5MWh worth of storage units for a large-scale grid project in the UK. Delivery is scheduled for across 2019 and 2020.
In total, the firm has a weighted pipeline worth £145 million, of which £32 million has reached the project development stage."
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!