Member Info for Tyfoon

It certainly sounds like that to me, but what type of battery storage they're going after there is no clue. It would be great if it was UET/BEs VRFBs wouldn't it? After all, we're a home grown SA company so you'd think they'd give us a bit of preferential treatment. Only time will tell.

is actually good news (for us) https://www.iol.co.za/business-report/energy/eskom-scraps-solar-power-plant-in-northern-cape-16243108 Extract: JOHANNESBURG - Eskom has finally canned the 100MW concentrating solar power (CSP) plant near Upington in the Northern Cape after prolonged uncertainty, saying the decision had the blessing of the project’s financiers. Eskom spokesperson Khulu Phasiwe said yesterday that the power utility decided to make a U-turn on the project because of its costs. Phasiwe said the project was too expensive. “That is why we thought it was best to use the money for something else within the renewable energy sector, hence the decision to invest in battery storage. If only we knew of a company that could profit from Eskoms new battery storage priority direction...

Nice find Alfa. Interesting that energy storage has now been elevated to 2nd on the list, that's a sure sign that governments and companies are starting to understand the value of grid scale batteries. It's also very interesting that this comment came from a very senior SA government minister . You don't suppose that Mr Radebe has shares in BMN perhaps? This couldn't be better timed if it was planned.

Now 23.38/ 22.925 on HL

That's a bit more like it!

I've been thinking about this a bit more, and the timing of Mashatiles' statement makes me wonder if it isn't somehow connected to President Li's visit and China's loan of $2.5 billion for Eskom. I also wonder if he's attached certain conditions to that loan ie we'll lend you some dosh but you've got to get Eskom out of the deep trouble it's in.

Could we be seeing the start of a much stronger Chinese influence on SA in return for more Chinese funding? And I know this next thought is a bit left field, but could we be seeing the start of SA turning towards the Chinese communist/capitalist model?

If the answer to either of those questions is Yes, then this bodes well for SA and for companies doing business with - or in - SA

https://m.news24.com/SouthAfrica/News/mashatile-proposes-eskom-split-private-equity-investment-20180724 This is massive news for Eskom and for SA. The mere fact that the communist ANC is publicly discussing part-privatisation means they're crossing a Rubicon as far as their left wing policies go. Of course, they've been forced to contemplate issuing Eskom equity due to the dire state of that parastatals balance sheet, mostly caused by maladministration, corruption, a ballooning staff budget and huge debts owed to them by municipalities, plus the building of 2 coal fired power stations with large budget overruns. This, in itself, could open the floodgates to more IPPs and more renewables including energy storage over a much shortened timeframe than is currently proposed, as sharper private business minds than the politicians start to direct the future strategy of Eskom. If this does come to pass then the entire face of the SA economy could quickly change as one parastatal after another could privatise to raise the capital needed to bail themselves out of the mess they've got themselves into. Interesting that they say they want to try to pull back from full privatisation except for 'exceptional' cases. Which probably means most of them as they're all in exceptionally deep financial doo-doo. Rapidly changing times ahead in SA and it will open up many more opportunities for private businesses including of course our very own BMN and BE.

Thanks for the info RK. It's amazing how simple it is to put a slant on a piece of news (esp by such a neutral news reporting organisation as the BBC lol)

Having led readers with the line "The electric carmaker, which is headed by Elon Musk, told suppliers the refunds were critical to its ability to stay in business, according to the Wall Street Journal.", when I came across the Tesla rebuttal "Tesla said the appeal was a standard part of procurement negotiations." my immediate thought was 'yeah, right! Of course it is...'

Turns out that bit of the article is true :-)

"Tesla shares have fallen following a report that it is seeking refunds from some suppliers.

The electric carmaker, which is headed by Elon Musk, told suppliers the refunds were critical to its ability to stay in business, according to the Wall Street Journal.

The refund request applies to money that Tesla has paid to some suppliers since 2016, according to the Journal.

Tesla said the appeal was a standard part of procurement negotiations.

In a statement released Monday, the firm said it had asked fewer than 10 companies to discuss costs related to projects that dated to 2016.

"The remainder of our discussions with suppliers are entirely focused on future parts price and design or process changes that will help us lower fundamental costs," it said.

Initially, Tesla shares dropped by more than 5% on Monday morning as investors responded to the report, although they recovered some ground later.
Production milestone

Tesla is pushing to improve its financial position after spending heavily to boost production of its latest car, the Model 3.

It has said it is looking to reduce spending on capital projects. The firm also announced it would cut about 9% of its workforce.

Earlier this month, Tesla also said it had finally hit its target of making 5,000 Model 3 cars in a week at the end of June - a milestone that could mean it starts receiving payments to alleviate its cash crunch.

Chief executive Elon Musk has dismissed worries that the firm will run out of cash and need to raise more money.

Instead, he has told investors that he expects the firm to turn a profit in the third quarter of this year. "

https://www.bbc.com/news/business-44928892

I think that may have been a large sell order which was placed between 13.02 - 13.26 but was finally filled at 16.13. It would explain the long drop all afternoon after the series of buys which ended around 13.02. It also caused a further blip downwards when it was completed. AIMO

2018-07-23 16:21:06 23.42 12,855 23.30 23.50 Buy 3,010 O
2018-07-23 16:13:10 23.41 546,250 23.00 23.30 Buy 127,887 O
2018-07-23 16:03:43 23.50 6,361 23.30 23.50 Buy 1,495 O

And if it was the final 500k from Wogen as some of us expected, why wasn't it a round figure?

The one thing we do know, is that we'll never know for sure

Seller finished and tree shake over maybe? Fingers crossed we can get back to normal service soon

Good find pb940, it sounds very promising for renewables, which hopefully includes BE's VRFBs. Listening to the interview with MN yesterday, he mentioned that BE already had a 'pipeline' which I take to be that he's already received several queries and possibly several potential orders (perhaps waiting on data from the Escom battery).

It's getting exciting on so many fronts here, vanadium, VRFBs, electrolyte, tin, our upcoming power station in Madagascar... Wow!

Jamiejojo, to answer your questions:

Buys and sells are determined by the over-simplified method of using the share mid-point. If the trade is over, it's a 'buy' and shown in blue; if it's under, it's a 'sell' and shown in red; and if it's exactly on the mid-point it's shown in black and is declared as a very unhelpful '?'. However, just to complicate things further, sometimes actual buys occur below the mid-point and so are shown as sells, and vice versa for actual sells. (It would be so very simple to show the trade as a buy or sell no matter what price it was dealt at but, in order for the MMs to maintain their edge over us mug punters, they don't)

And they don't have to show trades as they happen as long as they show them within a reasonable period, which means they can sometimes delay them by a much as a couple of days, again giving themselves an advantage over us.

And yes, the MMs are most definitely a shifty bunch!

MC, as one who no longer uses SLs I'm in no position to give you advice on a 'safe' level for yours. Sorry but you'll have to decide for yourself, altho you could use the share charts to help you make your decision. Hope that helps

cinders, as you say, a misunderstanding (possibly caused by my visit to a beach bar or 2 while walking the hound). Best we leave it there for tonight IMO

Hi MC, great handle btw, conjures up images of gargantuan events yet to unfold. Not too unlike BMN as it happens lol Hmmm, stop losses. I think pretty much everyone on this BB would advise you against them for the straight reason that the MMS can see your position and, if they want some shares on the cheap, they'll create a tree shake to take your shares off you then bounce the sp right back up again. Many on here have fallen foul of them during our AIM learning phase, me included . My advice is - don't set one and don't be a lamb to the slaughter. AIMO

Sorry cinders, this thread goes back to 12.13 today; it consists of almost 70 posts and includes approx 20 different posters. Can you be a little more explicit over exactly who you've just filtered?

Yeah, but only for this year. The potential down the years must surely be multiples of those numbers?

Alfa, I'm using Equiniti as well as LSE for the trades. What I find is that Equiniti keep the trades strictly in datetime order so that, when a delayed trade appears on LSE it is slotted into the right place on Equiniti.

Equiniti never show trade reversals; instead they do the sums to show the net result.

In the case of that reverse of 100k at 08:18:30 which shows on LSE, this is what Eq is now showing:

2018-07-23 08:18:30 24.00 0 23.70 24.20 Buy 0

In other words, before that reversal appeared, there was a 100k buy showing, therefore I believe that the 600k sell stands on its own, and is not a disguised 500k sell.

Still nothing showing to explain the steady relentless fall from the 8 buys @ 24.13p around 13.02 down to the ridiculous after hours £78 sell @ 23.30p.

I reckon there's still a large delayed sell timed between 13.02 - 13.26 which will show up tomorrow. Or not, depending on how the MMs feel about it.

gregorio, it's worth a lot more than a punt, it's worth a long term investment.

You should take a long look at:

https://w w w.thebushveldperspective. com/web/login

which is a website run by several LTHs on here with the sole reason being to present facts and information to potential investors.

Also, there are several very knowledgeable posters on here including BigBiteNow, Alfacomp, Pdub, Nickderby plus too many more to list.

Have a good read and inwardly digest and we'll see you tomorrow when you wonder how on earth you've missed this gem to date.