Mustang Energy Share Discussion Threads

[aimbagger] 14/7/2021 08:39

There is no time limit for Mustang, they are main market listed. It's a pain but will be robustly defended and hopefully thrown out.

[megaman2] 14/7/2021 07:59

A nuisance? Could be curtains for must. If the move gets blocked or simply delayed and they run out of time the shares in must will be worthless. High risk high return. I don't know enough of what's going on behind the scenes but this looks like a massive spanner in the works. Hopefully I'm wrong but the courts move slowly and can the transaction complete with the pending case?

[begorrah88] 14/7/2021 06:54

BMN RNS about litigation is a nuisance for getting things cleared up for MUST

[golden prospect] 02/7/2021 08:52

15 JUN 2021



Other Links :



AUG 2017


Old story from 2014 but makes a good case story


Enerox 2019


Enerox Sept 2020


Enerox November 2020


April 2021


Vanadium Growth market April 2021


BMN Financing package $65m November 2020 - CLN 17p ($35m)

[megaman2] 17/6/2021 07:07

Isn't there an AGM penciled in for July for voting on r.t.o. stuff?

[dontay] 10/6/2021 12:15

President Cyril Ramaphosa has lifted the threshold for companies to produce their own electricity without a licence to 100MW, in a surprise announcement that will be much celebrated by business.Embedded generation - when a company produces electricity for its own use or for use by others - is widely regarded as the quickest way to bring additional megawatts onto the grid. Companies, mines and farms are believed to have 5,000MW in pent-up projects, which could be released if licensing requirements were lifted.Eskom was on stage 3 load-shedding on Thursday, dropping 3,000MW of demand from the grid to avoid it being overloaded.

[dontay] 10/6/2021 11:54

Https://www.news24.com/fin24/economy/live-president-cyril-ramaphosa-to-make-an-announcement-on-sas-economic-recovery-20210610Following public consultations, and discussions among ministers.Government has decided to amend schedule 2 of the Electricity Act to raise the threshold for self-generation from 1 MW to 100 MW.Anyone who understands what this means for S.Africa will not underestimate what stupendously huge implications there are for Enerox in this announcement.This is truly massive news for the whole SA renewable generation with battery energy storage market.

[aimbagger] 09/6/2021 07:00

You've picked some good winners in there, sorry to hear about 88e, I got stung on them many moons ago. You tend to learn more from a big loser than you do a winner so it's all part of the process in finding your feet as much as it hurts at the time.Nice car! I think Mustang has huge potential if this RTO goes through, the current free float is minuscule and the directors want to keep it tight.

[rental] 06/6/2021 12:13

Prim in my opinion is already so undervalued due to there freshco investment, so I will continue into prim for my must investment.

[dingdong62] 03/6/2021 18:20

Bought some Prim yesterday.

[chutes01] 03/6/2021 17:29

likely will see some PRIM accumulation from interested holders here ahead of suspension end

[dingdong62] 03/6/2021 08:00

Jev1 thank you for that it has really helped.

[jev1] 03/6/2021 07:22

Primorus is pleased to announce it has invested US$2.5 million in Mustang Energy PLC ("MUST"), a special purpose acquisition company whose shares are listed on the Official List and traded on the Standard Segment of the London Stock Exchange's main market for listed securities (the "Standard List"), having purchased 50 convertible loan notes of a nominal value of US$50,000 each ("CLNs"). The issue of the CLNs forms part of a wider transaction pursuant to which MUST has raised a total of US$8 million ("Fundraise") by the issue of 160 convertible loan notes ("MUST Loan Notes") with a maturity date of 31 December 2021 ("Maturity Date"). The MUST Loan Notes attract interest at a rate of 10 per cent. per annum. MUST was formed to undertake an acquisition of a target company or business or asset(s) with operations in the energy or natural resources sectors.

The Fundraise has enabled MUST to acquire a 22.1 per cent. interest in VRFB Holdings Limited ("VRFBH") for a total consideration of approximately US$7.5 million ("Acquisition"). VRFBH has a 50 per cent. interest in Enerox Holdings Limited ("EHL") which owns the entire issued share capital in Enerox GmbH ("Enerox"). The Acquisition forms part of a total US$30 million fundraising by a consortium of investors in EHL ("EHL Capital Raise").

Enerox is an Austrian-based vanadium redox flow battery ("vrfb") manufacturer, which has invested more than 20 years of research and development into its CellCube energy storage system. The Enerox directors believe its vanadium-based technology to be known to be state-of-the-art in the battery market, and more than 130 systems/23 MWh have already been deployed across five continents. The EHL Capital Raise is intended to fund growth capital required to scale up Enerox's vrfb production capacity to 30MW (120-240MWh) in annual production capacity by 2022 as its pipeline grows.

The Fundraise and the Acquisition constitutes a reverse takeover of MUST, and its shares have been suspended from trading with effect from today pending the publication of a prospectus and certain approvals being obtained from MUST's shareholders, following which MUST will seek the readmission of its enlarged issued share capital to the Standard List ("Readmission"). Readmission is subject to MUST meeting the eligibility requirements of the Financial Conduct Authority.

Subject to Readmission occurring on or prior to the Maturity Date (such date being the "Conversion Date"), Primorus will receive new shares in the capital of MUST calculated by dividing the nominal value (and accrued interest, if applicable) of the CLNs (using the average US$/GBPGBP closing exchange rate as shown on Bloomberg over the five trading days prior to conversion) by 20 pence ("MUST Conversion Shares"). The closing mid-market price of MUST on 26 April was 30.6 pence per share. Accrued interest at the Conversion Date may, at the sole election of MUST, be converted into MUST Conversion Shares or redeemed for cash. Further, Primorus will receive warrants to subscribe for new shares in the capital of MUST (one warrant being issued for each two MUST Conversion Shares held by Primorus), exercisable at a price per share of 30 pence ("Warrants"). The Warrants have an expiry period of three years from the Conversion Date.

[dingdong62] 02/6/2021 21:07

How does buying shares in Primorus Investments lead to Mustang Energy

[skyship] 02/6/2021 19:52

dingdong - read this as well:

[dontay] 02/6/2021 17:34

01 Jun / 2021Details of the government's upcoming long duration energy storage innovation competition have been revealed, with an event to provide application support this month.Announced in December's energy white paper, the competition – which forms part of a £1 billion net zero innovation portfolio – is open to technologies that can be deployed at large scale, provide longer-duration storage – which is defined as over four hours – and can provide competitive flexibility services and system benefits.The application window for the competition is currently open, with a competition event to be held on 17 June. This will be hosted by the Association for Renewable Energy and Clean Technology (REA) on behalf of the Department for Business, Energy and Industrial Strategy (BEIS).It is hoped this event will support the development of applications and encourage the formulation of consortia. This is because stream one of the competition – with c.£37 million available through grant funding for projects with technology readiness levels that are over six, which would include those at the large scale stage, inactive commissioning, active commissioning and operations – requires applicants to secure matched private investment.BEIS is considering a phased delivery for stream one, with down-selection after the first phase, mobilisation. A target minimum of three projects would be progressed to phase two, which is build and commission.Stream two meanwhile has c.£30 million on offer through Small Business Research Initiative (SBRI) contracts, which require risk-sharing. Delivery would be phased, with down-selection after phase one – feasibility – and a target minimum of three projects to be progressed to phase two, being build and commission.The application window will close in July 2021, with project kick off scheduled for September. The build competition for stream one is scheduled for March 2025, while stream two is scheduled for March 2024.A report released by Scottish Renewables earlier this year highlighted the need for long duration energy storage, warning that the UK's climate change targets will not be met without the removal of barriers to long duration storage.Https://www.current-news.co.uk/news/beis-unveils-new-details-for-68m-long-duration-energy-storage-competition

[dingdong62] 02/6/2021 16:28

Dontay Thank you for that info

[dontay] 02/6/2021 15:36

I believe MUST have a target date and belief they will be in a position to start trading again on Thursday 29th July.Anyone who might wish to consider getting invested in this space before it all kicks off should properly research the background to it all ... it's utterly vital you do your own research before investing!A good place to start learning and understanding what this is all about is through the Bushveld Perspective web site, starting with an overview here :- Https://www.thebushveldperspective.com/blog/public-articles-1/post/lionels-big-picture-428

[dingdong62] 02/6/2021 11:36

AIMbagger I have been trying my hand at share investment during lockdown as my normal business has been shut. I did well on Resturant Group RTN (sold at 63% increase), Lloyds Bank, and a few others and this got me looking into some forums etc. I have invested in a Hydrogen company AFC for the long term after some research and I also invested in STX after reading about the company and that has done well. Also invested in Cornish Metals after reading about the mine in Cornwall and the demand for Lithium.
Energy companies struck me as a good route forward too.
I own a 1967 S Code fastback MUSTANG and it was as simple as that why they caught my eye and after looking into them they looked like a forward thinking company.
I would like to purchase some more MUST as my understanding is that the suspension is part of a merger? and should be lifted once all the due diligence has been done. i could be wrong but thats what i understand and happy to be corrected.
P.S. I did buy some share in a total disaster company 88E which hurt but sold out at the loss and reinvested elsewhere.

[aimbagger] 02/6/2021 11:05

Intrigued to know how you came across Mustang if you're new to sharedealing dd? It's not on a huge amount of radars at the moment.

[gerd212] 02/6/2021 10:58

instead of typing MUST(Mustang Energy Plc) type PRIM (Primorus Investments Plc)-(EPIC is the share code)

[dingdong62] 02/6/2021 10:50

gerd212 sorry still none the wiser. i am new to all this

[gerd212] 02/6/2021 10:33

PRIM is an EPIC

[dingdong62] 02/6/2021 10:19

rental thanks for that how do i do that? what is Prim?