Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Running megawatts of power into anything purporting to be a battery sounds scary to me!
But i'll leave worrying about the safety implications to the high temperature chemists...
Be interesting to see how their first large installation turns out.
So much storage capacity is required that there's plenty of 'cake' for many battery technologies and i continue to hold IES meantime.
Regards
Talking of competing technologies, thought this might be of interest (thanks tony_p on CPX)
https://www.youtube.com/watch?v=VNCC8QGy_u0
Good to keep an eye on possible alternative grid storage systems...
Yes it's pretty difficult to predict what a coal fired station will be worth going forward, and i got out here some time ago for that reason. Ethics and investing don't make for easy bedfellows but i now think a lot more about what my £ is supporting these days and i think as much coal/oil /gas should be left in the ground as possible to reduce CO2 emissions. This is a growing trend and even if you don't agree with the ethics, it will still end up driving down asset prices of polluting industries.
I guess the panic sellers didn't see this a mile off but it's hard to see why not. ITM has only just got it's factory running and isn't expected to make a profit for several years.. Turnover ramping up this yr (yr end 2022 ) maybe around £25M and £75M the following year, so your paying top dollar now for the hoped for future prospects. Can't see what's changed . I guess a lot of people didn't know what they were buying and have sold out having just realised...
Great link thanks.
Not heard of this technology but large recent UK spot electricity price spikes caused by a lack of wind, implies an urgent need for grid scale storage going forward.
https://pv-magazine-usa.com/2021/08/10/ambri-secures-144-million-for-liquid-metal-battery-commercialization/
I like it too..!
I hadn't clocked it had hit 2540 till today so for me, it cud easily hit 3000 and i wouldn't know it!
Looking at the growth rate over the last few years and also future expectaions, maybe i should be in a buying rather than a selling mood.
I find the psychological aspect fascinating and an important part of understanding share trading generally..
Yes seems like a spike in the sell volume (around 544K) around 11pm this morning set the scene but can't see any specific event(s). Had a very brief search but can't see any results from related companies. Maybe some regulatory news in America or some other insider info leaking like has been mentioned....
If the pension deficit improvement doesn't come from increased contributions then maybe they're hoping for a better performance of the underlying assets. I know nothing about pensions but note a growing tendency for schemes to outsource pension managment to specialist companies that offer improved performance.
Ha ha yes, greed and fear JD37, greed and fear! ;)
SP now above the consensus analysts average target of 2215 which you don't see v often. Maybe a takeover target? I'm tempted to sell a few (fear) but my gut is saying be greedy...!
Cpx has gone from 1.8 p to 13p and back to 6p in last 18 months which makes it an extremely speculative small cap proposition which could go bust or could go times 10. If you want certainties then this aint the place for you...
Yes that's prob a good call. Noticed a sudden drop from 450/470 to 420/450 this arvo with no trades shown at that time so maybe a big delayed sell yet to be announced? Can buy now at 434p.... Maybe a large investor got wind of a fund raise or summat...
Yes all Cap xx seem to say is that it's persuing Ioxus for awarded damages (approx $5M i believe) but not sure they'll get it.
See:-
https://4xspower.com/xs-power-batteries-acquires-ultracapacitor-manufacturer-ioxus/
The parent company now appears to be Systematic Power Solutions, LLC
I find it hard to beleive that you can just sell the company to avoid court damages but that would appear to be the case to date. Maybe someone with a company law background can shed some light?
Did find another case against Systematic tho.
https://www.pacermonitor.com/public/case/29110737/Fullriver_Battery_Manufacture_Co,_Ltd_et_al_v_Systematic_Power_Solutions,_LLC
Yes it's pleasantly free of the usuall guff on here too considering the sp performance. I only joined the show recently at £13 and am surprised at how fast this has increased. Dunno about a target price yet, i tend to try and let the winners run even when i start to get uneasy...!
The effeciency of a coal power station is similarly poor. By law of thermodynamics of the heat cycle involved , 66% of the heat (energy) goes up the chimney. So it's not necessrily a show stopper in the production of green hydrogen especially when the energy consumed (and wasted) is zero carbon to start with.
Yes SAG are bottom fishers and i'm afraid TPG fits the bill quite nicely (previous to fresh management). They bought out Frontier Smart a few years back for a pittance and of course now, it's fast becoming the jewel in their crown. They wouldn't be interested here if they couldn't sense an opportunity, so lets hope TPG management can get a grip and start a turn around here asap.