The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Part 2 of Telegraph article
It is this ease of availability that prompted DG Innovate’s push into sodium electric car batteries, as investors look to meet demand as the world switches away from petrol and diesel vehicles.
Bardenfleth-Hansen also highlights the importance of reducing Europe’s reliance on lithium mines in China.
“The necessity to move away from China, or basically anything that’s controlled outside of Europe, has obviously become very clear over the past couple of years,” explains Bardenfleth-Hansen.
‘You want to have that chemistry in your pocket, just in case the price of lithium will go up again’
The batteries that dominate today’s mobile phone and car batteries use lithium, nickel, manganese and cobalt (NMC). However, developers have reduced reliance on cobalt because it is expensive and mined in the Democratic Republic of Congo, where practices have been criticised for alleged use of child labour.
Greater scrutiny has also been placed on the use of nickel because of sharp price rises in recent years.
A cheaper alternative to also emerge for car batteries of late has been lithium iron phosphate (LFP), which makes use of iron and phosphates.
Its popularity has soared after Musk said he would launch new Tesla models using LFP.
Understanding the difference in their capabilities is key. For example, NMC batteries offer about 250 watt-hours per kilogram, while LFP provides a rate of 200. By contrast, sodium cells provide up to 160.
These variations in power are reflected in the cost, as NMC batteries are valued at around $120 (£95) to $170 per kilowatt hour, while LFP costs up to $110.
Once sodium battery technology matures, it is expected to cost around the same as the latter – but perhaps even cheaper, says Dr Chris Jones, strategic trends manager at the UK’s advanced propulsion centre, which distributes government funding.
That is despite warnings that other costs linked to its manufacturing could mean only $10-20 is ultimately shaved off its price per kilowatt hour.
Part one of Telegraph article
Sodium power alternative to lithium may be worth its salt
Why Elon Musk’s former right-hand man is betting on a Welsh electric car battery company. By Howard Mustoe
Electric car buying may be slowing in Britain but a group of former Tesla executives recently agreed to take over a loss-making Welsh battery developer with a twist.
Unlike rival manufacturers, which develop batteries using lithium, DG Innovate is looking to usher in an era of cheap electric cars by powering them with sodium.
Spearheading the company’s push will be Peter Bardenfleth-Hansen, who once launched Tesla’s operations in Scandinavia but has now turned his attention to DG Innovate.
He will be joined on the board by Jochen Rudat, an ex-director of Tesla Europe, and Christian Eidem – formerly an adviser to Elon Musk and who was also an early investor in the billionaire’s electric car company.
However, Eidem has now turned his attention away from Tesla’s base in Texas and instead bought a 29pc stake in DG Innovate.
Already, the trio are pursuing plans to construct a factory to build sodium battery cells, says Bardenfleth-Hansen, although this may take some time.
Unlike lithium, which is plentiful but requires mines to retrieve it, sodium is easily accessible from sea salt.
Another great article for DGI in Today’s Telegraph.
I have a strong feeling that this will create more excitement in this share. Im unable to post the link but have copied a pasted the article
StayLong
For those contemplating investing in DGI at this price, here are a few things that you should know ;
The RTO was done at a price of .6 of a penny. That is just under 4 times the current SP. At this point the Pareta drive train was not completed and proven and had not undergone rigorous stress tests. It’s now ready for production through a pilot scheme. Also now that they have the funding to commence the pilot scheme they will have access to a further million pound grant from the Welsh government.
The price of .6 was also before having the Tesla trio at the helm. In effect you have the opportunity to buy into this company at 4 times less than the founder Martin Broughtwood bought his shares for. This is crazy when you consider that he had been developing this amazing technology for over a decade.
Also they have been working with Meritor (now Cummins) for many years and they will no doubt be placing a substantial order as soon as DGI can demonstrate that they are able to scale up production.
They have also been working with the MOD since the beginning and no doubt it’s only a matter of time before a big contract with them will happen.
Since the webinar presentation they have also signed a collaboration agreement with BRIST and Base. They are a tier one commercial vehicle and off - highway axle suppliers based in Italy. This collaboration was concluded in February this year. This was a way to fast track DGI ‘s Pareta drive train to market using BRIST’s axle’s and taking advantage of their extensive established client base.
In fact, realistically there is no shortage of customers, it’s all been about having the necessary funding to start producing there ground breaking drive trains.
This is just one part of the business before you even start talking about the Enhanced Battery Technology side of the business.
I’m sure that you will agree that a market cap of 16 million is totally ridiculous and it’s not unreasonable to think that this share can only move northwards. My personal prediction is that it will multiply by at least 20x before very long.
Just do you research like I have and you will no doubt share my confidence
StayLong
In case you cannot find the post here is the link again https://youtu.be/a8ferWGl3Aw?si=G9ilD2dkLsbmZeOW
I have just spent the last hour watching the DGI webinar presentation. This You tube link kindly posted by Harley 64. I strongly suggest that if you are thinking of investing in this company or have already invested it’s an absolute must watch. The founder Martin Broughtwood is an incredible scientist and an absolute genius. He and his fellow scientists have developed products that are nothing short of outstanding. And now that he has the Tesla Dream Team at the helm and in turn the funding these products can now be taken to commercialisation. Just one order from Meritor ( now Cummins) or the MOD and SP will go crazy. Just watch this presentation and you will surely invest and if you have already invested you will most surely top up. Just get your money in now and leave it. Don’t be tempted to sell for a quick profit or further down the line you will be kicking yourself. This has the potential to go 20 50 maybe 100 times from here. Just watch the presentation
StayLong
Just spoke to my broker. Very little offered but the bids are stacking up. MM’s looking for stock but who in their right mind would want to sell
I agree. Very cheap for what looks like a solid business.
Lots more buying in the last 24hrs. However I’m sure that the unknown seller will offload more of his/her stock before close today. So frustrating as I think this can only be one of the investors from the original shell company. Must have been given the stock to sell at these prices. Obviously hasn’t got a clue to how valuable the shares are or could be. I reckon that he has sold over 500k worth of stock over the past few months. If it wasn’t for this idiot seller the SP would be around 3 times the current price. Although it enabled me to get another 25 k of stock myself at a bargain price the company really needs the SP a lot higher than where it is. The last RNS was excellent news and has hardly moved the price. Here’s hoping that he will soon run dry of stock.
Wow, what a great RNS. This is such a clever move by DGI and is great news for shareholders. Main reason is that DGI have now fast tracked its way to becoming a company that will be receiving commercial revenues. This is a complete game changer and a very rare thing for an AIM listed company. SP is a joke at .8. To remind everyone again the founders of DGI took shares in the newly formed company at over 7 x the current SP. It’s only this price because some clueless shareholder has given away all his shares in the last couple of months and very few people are aware of this company. This will change very soon for sure.
There have been some very strange trades of late. Sets of three trade either around £250 or £500 within minutes of each other. Looks like maybe the MM’s are playing around. Perhaps trying to flush out some cheap stock to accommodate an investor. I’m buying all stock that becomes available at 0.010. Picked up 4.8m shares a few days ago at that price. Very happy.
How many did you buy ?
Nope It doesn’t work when you copy and paste the link.
Anyway I have just listened to the interview. It’s a massive step for DGI. No doubt that it will accelerate growth massively. All very exciting indeed. The new CEO definitely knows what he’s doing.
https://www.***************************/dg-innovate-accelerated-route-to-market-video/4121107870
Here is the link
This should now also give Meritor a kick up the …. and hopefully we will see a contract with them in the near future. It makes me laugh when I see all these negative posts on LSE and ADFN as i don’t think anyone fully understands the potential here. They have so many routes to market. I’m pleased that I topped up with an additional 7 million shares in the recent raise . The options to purchase another 7m shares at .18 will be nothing compared to the price in 2 years time. My guess is the SP will be a minimum of 20 x from here.
Thx for sharing this with us you cretin
I agree. My guess is that the first contract is very close.
If that’s the case the share price will dramatically improve as overnight it’s no longer just an invention company, it will be a cash generating company. Let’s remind ourselves here that the owners of DGI took shares in the new listed company at .6p This is so ridiculously undervalued right now. Imho this investment will go one of two ways. Either we lose all our money or we will make crazy multiples of our investment. I have listened to all the presentations and I’m quietly confident that these guys will make this a big success.
All the old directors have left the building
Pay attention 007
I have just applied for a further 7,000,000 shares at .12
Just wondered if anyone else on this chat group has also applied for some ?
What’s the deal regarding all the short positions. Surely they will need to buy back the stock as soon as it’s resisted.
Is this how it works ?