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Electrolyte plant was previously due for commission in H2 2022, albeit with an approximate date of August 2022. H2 2022 has not changed but they now seem to have removed the reference to August so.leaving it open to be later in H2.
Started off with 350 million shares, rising to circa 450 million in 2014 and 485 million in 2015. The significant increases to take us to over 1.1b have occurred in the last 5 years.
Planning something is one thing, executing it another. I really don’t know what is happening with the plant and I am hopeful that the update will answer the question.
I think the figures for Q1 will come into line based on an average per day when considering the 35 day closure. I also think they’ll be something covering part of Q2 in relation to the strike and that we have hopefully made up for lost production.
It’s the other pieces of information that will be contained in the update that are more crucial, in my opinion. Take the Electrolyte plant, it either has or hasn’t started construction which was due to start on February 22nd. If it has then fine, although this just confirms the fact that the company Is not issuing news which I consider to be of significant value when it is achieved, and just bundling it into a quarterly update. If it hasn’t been started it’s understanding why and what any revised dates are as this will affect work going into 2022 onwards. I have always been of the opinion they cannot start to build this plant without having any orders in.
The trade activity on the share is now seeing the impact of having a very large number of PIs whose combined holding must be around 700 million shares. This is a direct consequence of not being able to get stable IIs on board coupled with a huge increase in the number of shares. Just a few years ago the total shares was just over 300 million with PIs holding around half. Far from ideal and not going to change in the immediate future, just makes to sp more prone to traders diving in and out.
I think we already know that last year wasn’t great, but the impact of Covid will apply to most companies (a minority did rather well!). We know Q1 has taken a hit from the 35 day closure for maintenance, but the mitigation here should be that the output was up to the targets for the days the mine was open and producing. I am more interested in the other news rolled into Q1 relating to the Electrolyte plant, Lemur, market listings, etc. I have expectations here.
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Placing at 6p.
https://www.investegate.co.uk/afritin-mining-ltd--atm-/rns/results-of-placing/202105120700032962Y/
Nobody knows as the company has not updated the market for months. Some people have been completely guessing (e.g. RNS imminent next week), but over and above the last planned date for commencement of works which was 22nd of February , no revised plans or dates have been given. You could assume work did start in February and be wrong , but we should know more in the Q1 update one way or another.
IES going into partnership with Gamesa to produce Vanadium Grid Scale Flow Batteries
https://www.investegate.co.uk/invinity-energy-sys--ies-/rns/joint-development-of-grid-scale-flow-battery/202105110700041507Y/
Lionel, you would also need to take into account VM Investments as they have benefited greatly from services supplied to Bushveld, although it would be impossible to attribute this at an individual level.
http://vmic.co.za/leadership.html
The JSE listing is on the back burner at present, it is under feview and the company will update the market in due course. I have never thought that a listing on the JSE would make any great difference and it would have had more political weight when competing for SA / Eskom business. I did try and extract information from the company regarding the JSE listing conditions and the fact that it had to be currently listed on the main exchange (FTSE and not AIM) , but the company did not respond to that point which must have come up when they carried out the (expensive) investigation work.
That quote from MN was from two years ago in response to a question asked by email from a poster on this bb (sorry cannot recall). I think others also had a similar upbeat response. It will be interesting to see what the Q1 update has to say about the Electrolyte plant, the build was supposed to start on February 22nd. I cannot see them starting it without firm orders in the pipeline, whether from Eskom or elsewhere, but at present the company have not reported anything for months regarding orders or plant progress. This next update, hopefully in the next week or so, will possibly answer a few questions.
I agree that it looks like Invesco going and must admit to be a bit disappointed about it. The problem with some funds is they will sometimes sell if the sp drops by a certain percentage from their buy price. Invesco were one of the more prominent fund management companies to have bought in here.
MUST suspended but LSE data will still be available. As far as I know comments still open (but never got many pre-suspension) someone posted after the suspension. Suspension should be lifted prior to 31/12/2021.
I would not really expect any market reaction until the announcement of the readmission. This is down to Mustang to produce their prospectus, with it being a reverse takeover. It’s covered in the RNS with a conclusion date of no longer than December 31st. Seem to recall other RTOs having a six month window , this is slightly longer but no reason it should not be concluded prior to December 31st.