Mustang Energy Share Discussion Threads

[scrabbleguy] 17/11/2021 18:28

Still not clearer as to what the outcome will be here.. anyone care to give their opinions?
And does anyone know the actual date we have to relist as fairly sure it was 12 months from initial suspension??

[megaman2] 27/10/2021 16:36

My best guess is Garnett wanted to keep the company private that's all I can come up with .if that's the case it looks like they may have achieved their objective . But just guess work.

[dontay] 27/10/2021 16:33

The noteholders have the discretion to convert to vrfb-h which they may find very tempting OR BMN shares ... and also worth remembering the counter claim that's in play.If Garnet lose, they will become responsible for reimbursing BMN for any dilution.This could yet be settled out of court in a timely manner.

[megaman2] 27/10/2021 16:12

Yes also must have to pay a cancellation fee to bmn if they don't relist by year end....I think it's £200 k but I can't remember to be honest ....could be curtains

Scrub that the cancellation fee is 5% of the capital raise in must shares at 20 p. $375000??..don't know where I got £200 k from although it does equate to a bit more than that in shares . Quite what bmn will do with shares in must ....
It was probably more thrown in to justify the backstop to bmn shareholders...

[2bags78] 27/10/2021 15:38

That's just for the Noteholders though is it not?

[dontay] 27/10/2021 15:33

They get BMN shares to the tune of 7.5. million ... and imo there is every chance their next major move will be BMN related ... (BMN are very interested in getting off AIM and listing on the main exchange) BMN incidentally, will now have control of Enerox's future! Everything still very much in play in this space Imo.

[begorrah88] 27/10/2021 15:15

I was hoping for a bit more than that after 6 months. Seems no progress at all is being made.Window is closing to relist as another project would have to be announced, reverse out of the current mess, issue a prospectus & allow time for that to be approved etcDid we get walked straight into an ambush?

[megaman2] 27/10/2021 14:26

They have linked these two sentences together .bmn a counterparty would like a main market listing and some cash...there in the vfrb value chain and bushvekd energy are supposedly in the renewable energy projects development...

[megaman2] 27/10/2021 14:26

I admit it's a long shot....

[jonny_wright] 27/10/2021 14:00

Ahh not great - won't be pretty if that's the case, unless a rabbit is pulled out the bag

[2bags78] 27/10/2021 13:35

Yes, they mentioned this back on 30/09 RNS too so hopefully they have a Plan B.

[2bags78] 27/10/2021 13:33

Scroll down to Note 4 - high court date expected late Jan 2022, directors anticipate it as likely that the investment be unwound. Also exploring further investments. Last two paragraphs in Note 4.

[aimbagger] 27/10/2021 13:32

Relisting will only come in the short term via another investment by the looks of it. Hopefully they have another one they're carrying out dd on.

[jonny_wright] 27/10/2021 13:23

Nothing to report then regarding re listing

[dontay] 27/10/2021 13:11

Todays Interims: Soon after making the investment Garnet voiced its objections to the Company's investment in VRFB-H. In mid-July 2021 a claim form was issued in the High Court of Justice: Business and Property Courts of England and Wales (Chancery Division) by Garnet against VRFB-H and EHL seeking declarations against VRFB-H concerning alleged breaches by VRFB-H of provisions of the joint venture agreement in relation to EHL, arising from the indirect investment into EHL through VRFB-H by the Company. VRFB-H believes Garnet's claims to have no merit and is robustly defending its position. In addition, VRFB-H issued a counterclaim against Garnet and is seeking declarations against Garnet for material breaches of the joint venture agreement in respect to Garnet's conduct. The matter has been listed for trial on an expedited basis on a date to be fixed for late January 2022. It is unknown when a decision would be handed down.Whilst the Company is not a party to the above proceeding's they have precluded the Company from issuing a prospectus, which is a precursor for the Company's shares to be reinstated to trading. If the Company's shares are not reinstated to trading by the 31 December 2021 the investment in VRFB-H will, pursuant to the agreements executed with VRFB-H and the CLN holders and described in the Company's 27 April 2021 release, be sold to Bushveld Minerals Limited and the CLNs will be redeemed. Bushveld Energy Limited, a 74% owned subsidiary of Bushveld Minerals Limited, currently owns a 50.5% interest in VRFB-H. Acacia Resources Limited, which has a 24.03% interest in the Company, owns the remaining 27.4% interest of VRFB-H.In preparing these accounts and given the anticipated timetable of the High Court proceedings in relation to the trial, the Directors anticipate it as likely that the investment will be unwound and as such has not recognised either the investment in VRFB-H or the CLNs in these accounts.The Company has been in active discussions with the counterparties to the transaction announced on 27 April 2021 and continues to progress the previously articulated strategy of exploring further investments in the energy storage value chain and renewable energy projects development space and how these might facilitate a relisting of the Company's shares.

[dontay] 26/10/2021 17:07

Just for info - reportedly no change in Arcacia's current share holdings.

[dontay] 23/10/2021 22:53

Https://www.youtube.com/watch?v=X9_l5w3cpGs

[dontay] 23/10/2021 10:24

Crux Interview (40 minutes) with the professionally acknowledged foremost experts from the Vanadium industry.What Vanadium Retail investors need to know:Htps://youtu.be/X9_l5w3cpGs

[dontay] 22/10/2021 13:38

BATTERIES DOE Invests Nearly $27 Million In Energy Storage Projects.Published 20 hours ago.Why invest in longer duration flow battery technology? Investments by the Advanced Manufacturing Office (AMO) within the Office of Energy Efficiency and Renewable Energy (EERE) in flow battery technologies for long duration energy storage are guided by two related department-wide initiatives. The Department of Energy's (DOE) Energy Storage Grand Challenge (ESGC) aims to accelerate the development, commercialization, and utilization of next-generation energy storage technologies and sustain American global leadership in energy storage.Accelerating innovation across a range of storage technologies is captured in the department-wide ESGC roadmap. As part of the roadmapping process, the energy storage community informed DOE there are technical and manufacturing challenges regarding scale-up and performance that still prevent them from achieving cost targets and commercial viability, including: 1) Inefficient and expensive manufacturing technologies; 2) Lack of robust, standardized supply chains (limited suppliers) and system integration challenges; and 3) Challenges with manufacturing scale-up. DOE's investment in flow battery technologies aligns with the Biden Administration's goal of net-zero carbon emissions by 2050. To support the goal, DOE launched the Long Duration Storage Energy Earthshot. This initiative establishes a target to reduce the cost of grid-scale energy storage by 90% for systems that deliver 10+ hours of duration within a decade and advancing flow battery technologies supports meeting the target. With a resonating community voice of the energy storage community and the Administration's goal for decarbonization, AMO developed the Flow Battery Systems Manufacturing Funding Opportunity, focusing specifically on developing efficient, scalable manufacturing processes and robust supply chains for flow battery system components.DOE hopes the investment will accelerate the research, development, demonstration, and deployment (RDD&D) of energy storage technologies needed to bring clean energy sources to the grid and deliver affordable electricity to all Americans, including those living in underserved communities. We also hope projects selected under this funding opportunity will build strong partnerships to advance the manufacturability of domestic flow battery systems.................Https://cleantechnica.com/2021/10/21/doe-invests-nearly-27-million-in-energy-storage-projects/

[megaman2] 18/10/2021 08:08

You have to ask the basic questions here like why does the legal action prevent must from re-listing? If the deal gets cancelled are must dye compensation from vfrb-h? Must have bought the shares and own them why can't they re-list?

[dontay] 05/10/2021 17:33

Wiener Neudorf, Austria / Oldenburg, Germany, October 6th, 2021Two proven experts joined forces to address the increasing demand in decentral flexibility behind the meter to both integrate more renewable energy like solar roof top and cover local peak demand coming from EV chargers. This comes as a result from the highly future-oriented project ‚Electric City' with Rhine Main University of Applied Sciences (in Ruesselsheim, Germany) initiative, in which be.storaged GmbH has won a competitive public tender as general contractor for all engineering and energy management services incl. PV integration and providing an energy storage system.Be.storaged, the expert in engineering customized energy management solutions and operating BESS of different technologies, brought on board Enerox GmbH, an Austrian based global tech leader for sustainable and save, long-duration storage of renewable energy. The company's 'CellCube' battery is run by a vanadium electrolyte-based technology 'VRFB' which is the only flow battery technology available to provide industrial grade and proven long-term energy storage services of more than 10 years. For the 'Electric City' project be.storaged and CellCube have chosen the CellCube FB 200-400, delivering 200kW rated AC power and 400 kWh capacity, to serve best the requirements of the Microgrid to integrate PV and local demand incl. EV chargers. It comes alongside be.storaged agent-based Energy Management Software and customer specific solutions complying with all given environmental requirements incl. reduced noise emissions. In this specific project the Rhine Main University of Applied Sciences is providing scientific support for the 'Electric City' project. It is involved in the project with two departments, Engineering and Architecture and Civil Engineering."We are glad about working on a groundbreaking microgrid project jointly with the local expert be.storaged and look forward to the system's final installation and operation start, before the end of 2021. Our joint microgrid solution for Ruesselsheim serves as a reliable EV charging backbone and is one further example of the importance of flow batteries enabling a more sustainable and qualitative energy transition", says Alexander Schoenfeldt, CEO of Enerox GmbH, owner of the brand 'CellCube'."For be.storaged the cooperation with CellCube is the ideal complement to our product portfolio. It is clear that the challenges ahead cannot be solved by one storage technology alone. It will be crucial to be able to offer our customers as broad a portfolio of solutions as possible and the corresponding practical experience with the respective technology. Therefore, we are very happy to enter into this close cooperation", emphasizes Dr. Magnus Pielke, Co-CEO of be.storaged. "In the coming months we want to bring our innovative energy management system into this cooperation as an interface between the Enerox product range and the industry use cases, in order to be able to efficiently integrate the use of the CellCube systems in customer plants and to optimize them across the board in daily use", adds Hendrik Brockmeyer Co-CEO of be.storaged GmbH.For the upcoming massive demand in Germany to achieve Green-House-Gas emission targets, CellCube and be.storaged will jointly go-to-market and align engineering and deployment services, specifically for use cases in which energy storage is required to offer up to 16 hours of storage and which can be operated more than 15 years without any performance degradation.About CellCube – Enerox GmbHUnder its trademark 'CellCube' the Austrian based Enerox GmbH develops, manufactures and distributes vanadium redox flow batteries. 'VRFB's are sustainable, long-duration energy storage systems, improving and securing the consumption of energy from renewable sources. Enerox is a developing pioneer and the global technology and industry leader in its field of operation. The bankable VRFB systems suite various microgrid applications alongside four focussed business segments: renewable energy storage for industrial customers, commercial and private deployment, green energy storage for remote microgrids and island solutions as well as long-term back-up systems for green and critical infrastructure facilities. CellCube systems are currently operating in over 130 sites on the planet. www.cellcube.comAbout be.storagedbe.storaged operates as EPC and combines machine learning, edge computing and state-of-the-art battery technology to create effective energy storage systems. By massively reducing energy costs, we enable companies from the fields of industry, trade/commerce and e-mobility to sustainably secure their competitiveness – and possibly even expand it. The efficiency of our solutions is based on three things: deep data analyses, state-of-the-art battery technologies and AI-supported energy management software. www.be-storaged.comHttps://www.cellcube.com/cellcube-and-be-storaged-co-operate-for-long-duration-energy-storage-delivering-joint-microgrid-solution-for-electric-city/

[dontay] 04/10/2021 18:54

Borromeo is very best buddies with FM, BMN's CEO. He and his family were the original shareholders and founding members behind BMN's listing. Berromeo is the owner of Arcacia Resources. Berromeo is one of the largest major shareholder in BMN. Berromeo became the majority shareholder in MUST which instigated the rto plans.When VRFB Holdings Ltd was incorporated (in Guernsey on 3/12/20) the share ownership was 66% Borromeo's Acacia Resources and 33% BMN (not BE). So the obvious conclusion is that the remaining 27.4% of VRFB-H's shares (after accounting for Mustang's 22.1% and BE's 50.5% ) that we didn't know about, belong to Acacia. Also, when Enerox Holdings Ltd (EHL) was incorporated the ownership was 50% BMN and 50% Garnet Commerce Ltd. Garnet Commerce is based in Alberta Canada and owned by one Dean Petersen, a HNW individual with a more than passing interest in Vanadium. At one point about 5 years ago he was a buyer of about $1.5m dollars' worth of Largo shares. Finally, on December 10th 2020 Stephen L Prince, ex CEO of Younicos, was appointed a director of EHL on December 10th, and to the Cellcube board at about the same time. He is so a special advisor at Alexa Capital, an international corp finance advisory firm with a focus on 'the energy transition'. It's not clear if his appointment is associated with another, as yet unknown member of the mysterious consortium, wishing at the current time to remain anonymous... that's involved with the BMN's spiders web. Imo, this rto is only the tip of of a long, far reaching, ongoing big game being played buy some major players of the investment world. Interesting also, that a mainstream investment giant, Schroders are continuing in building a large stake in IES and even Siemens are getting involved. Imo, there is much more to be revealed and more moves will be made before all these strands get brought together under one huge industrial umbrella.Such is the way industrial dynasties are built.

[megaman2] 03/10/2021 21:04

Must Twitter..it's interesting that they have put in bold a section of the must recent rns ...relating to exploring further investments and a relisting. Why bother when must is suspended...don't forget acacia resources are already a shareholder and are also invested in bmn. This is an apt time for bmn to move to a main listing imo . Is it bmn that must are progressing their strategy with to relist?

[megaman2] 01/10/2021 14:23

Let's hope it's still relevant to must...