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Alfa wrote
"I tend to agree - I think one might get more bang for ones buck from Cellcube".
Exactly one year ago I picked up 10,000 CUBE shares @ CAD 0.20 cost CAD 10,000.
which I later sold @ CAD 0.15. Today the same shares could be bought for CAD 1,250 @ 0.02-0.025.
CellCube is close to going under and could probably be picked up for a song. (with perhaps a dance thrown in).
GL
Good post Richken.
Largo could also be looking at CellCube. (jmo).
Mark Smith is now gone, and he was never interested in vertical integration and preferred to concentrate on high purity vanadium powder. With Arias now at the controls perhaps the direction will change.
Remember this from page 72 of the Vanitec 4th Energy Storage Committee Meeting in July 2018.
http://vanitec.org/images/uploads/4th_Vanitec_ESC_Meeting_Presentation_.pdf
@2scummy
Thanks, I've poked a few stocks with that barge pole, and I've won a few and lost a few. I knew that the CellCube battery was being considered for the mini-grid so until I know for sure that CUBE is the preferred battery I will hang on and watch for a few days.
GL
Are they definitely installing a CellCube battery? I may have missed that one.
I recently sold my CUBE shares when it looked as though they were totally tanking. Bella makes a good point in asking why they would install a CellCube Battery from a Company that is in such bad shape.
GL
I may have to pick up a few really cheap CUBE shares and cross my fingers. Not really the best way to invest but may take a gamble.
GL
Would CellCube be a fit for Bushveld?
https://stockhouse.com/news/press-releases/2019/10/22/cellcube-provides-corporate-update
Although the underlying business units of CellCube are well positioned to take advantage of growth in their respective industries, each division is suffering from a lack of working capital. In addition, CellCube does not have the necessary working capital to pay for its corporate overhead and is continuing to work on initiatives to reduce corporate liabilities and operational cash burn.
CellCube has tried to raise the necessary capital to fund the advancement of all its subsidiaries and corporate overhead but to date has not been able to raise the necessary capital. As such, at the direction of its Board of Directors, the Company is reviewing strategic alternatives focused on maximizing shareholder value. The strategic alternatives expected to be considered include, but are not limited to, a sale or merger of the Company, continuing to pursue value-enhancing initiatives as a standalone company, capital structure changes, or the sale or other disposition of certain of the Company’s businesses or assets.
Just released.
No change.
https://www.vaneck.com/etf/equity/remx/holdings/
Oct 1st to Oct 7th.
There will be no daily AsianMetals report.
https://noviland.com/factories-shut-down-for-chinese-holiday-golden-week-oct-1st-7th/
I totally understand your point, although when I came to Canada in 1970 the first thing that got my attention was the size of the cars, and I'm sure the CellCube 10kW/100kWh would have been an easy fit, and my wife and 3 kids would have still had lots of room. LOL.
CUBE investors. (I recently sold my shares)
are anxiously waiting for one or both the following deals to materialize.
https://vsunenergy.com.au/case-studies/busselton-western-australia/
https://www.solarpowerportal.co.uk/news/hive_energy_backs_long_duration_storage_with_immersa_cellcube_partnership
https://www.pv-magazine.com/2019/08/20/mou-for-vanadium-redox-flow-battery-collaboration-in-australia/
Hi RK.
According to this VRFB sale on Sep 7th, AVL/VSUN went with Avalon instead of CellCube.
https://www.pv-magazine-australia.com/2019/09/07/victorian-apple-farmer-installs-vanadium-battery-to-increase-solar-consumption/
A Victorian apple orchard will expand its PV fleet to 160 kW and add a 20kW/80kWh vanadium redox flow battery as it seeks to increase its renewable energy consumption. The battery system was sold to family owned and operated business Priest Bros by ASX-listed company Australian Vanadium Limited (AVL), through its battery subsidiary VSUN Energy.
The battery system for this project is supplied by US vanadium flow battery maker Avalon Battery. The manufacturer has recently inked a deal with South African vanadium producer, Bushveld Minerals, to provide a leasing option for vanadium electrolyte, thereby reducing the capex and providing security for electrolyte disposal in the future.
When it launched VSUN Energy in 2016, AVL used the CellCube technology of Austrian battery manufacturer Gildemeister. Its first VRFB system was a 100 kWh unit installed alongside a 15 kW solar array in Western Australia on a farm near Busselton.
CellCube are ripe for a takeover.
Recently they were after PP $10m, but could only raise $225,000.
Also, the non-binding letter of intent entered into with Regency Gold Corp. dated December 12, 2018 where the Company would sell V23 Resource Corp. (Nevada Vanadium Property) recently lapsed.