Mustang Energy Share Discussion Threads

[megaman2] 09/5/2022 10:24

I think.thats already a known seems like some sort of licensing deal to use cellcube technology ? My concern here is with invinty only at £88 mill market cap when musts owners are at logger heads the share price may well be underwater when it eventually re-lists .

My basic calc is that must will own c 12 % of cellcube . On relisting there will be c 40 million shares ? Maybe more if they need to raise some cash ?
What's the market going to value cellcube at ..no idea really ..invinty once had an share price above 200 million market cap. If i Said £70 milllion is that realistic ? But must only own c 12 % so it's only £8.4 mil mkt cap 21 p per share .....it's lower than my average but at least not a dead duck which was looking possible . Zero confidence in my guess work just thinking out loud on what might be.

[dontay] 09/5/2022 09:20

White PaperVanadium Redox Flow Batteries Identifying Market Opportunities and EnablersPublished 2Q 2022(Page 10 - Although flow batteries have had a gradual pace of implementation, future projects are taking advantage of economies of scale and are expected to lead the way for increased market share. One of these large projects was a planned deployment for Dalian, China, where an 800 MWh plant is scheduled to come online in 2022. The vendor to this project, Rongke Power/UniEnergy, also has plans for a manufacturing plant for additional flow batteries.A 50 MW/200 MWh flow battery is also in progress in Australia. The Pangea Storage Project plans to invest $200 million and use technology provided by CellCube. The company promises a 25-year guarantee on its battery system with no degradation. These projects are evidence of the growing interest in flow batteries globally. As Chart 1 shows, annual VRFB project deployment revenue is projected to grow from $856.4 million in 2022 to $7.76 billion by 2031. Another large deployment by Sumitomo that is 15 MW/60 MWh is also a notable project and mentioned later in this paper as a highlighted case study.)Full report:Https://vanitec.org/images/uploads/Guidehouse_Insights-Vanadium_Redox_Flow_Batteries.pdf

[dontay] 05/5/2022 15:40

Https://www.cellcube.com/austrian-vanadium-redox-flow-batteries-expert-cellcube-settles-in-north-america/'CellCube' brand owner Enerox GmbH has established a 100% subsidiary in Denver, Colorado, moving closer to their US client base and offering their market leading Long Duration Energy Storage technology to accelerate decarbonization in the USWr. Neudorf, Austria.Enerox GmbH, better known as 'CellCube', developing pioneer and global technology leader for Vanadium Redox Flow Batteries (VRFBs), announces the establishment of its 100% subsidiary in Denver, Colorado, USA, by May 4th, 2022. With this step the No. 1 VRFB player responds to the exploding market demand in North America for Long Duration Energy Storage (LDES). LDES technology opens the possibility for solutions in 24/7 renewable energy supply, self-operated net-zero microgrid applications, sustainable energy supply, blackout prevention and energy self-sufficiency in many industrial and commercial segments as well as in the field of critical infrastructure."With our proven and bankable technology we are capable to accelerate the energy transition and help achieving challenging climate targets", says Alexander Schoenfeldt, CEO of CellCube Austria and USA, "being a global leader in this space we are very enthusiastic about our new presence in North America, as it will allow us to build and use local supply chain and engage with our business and R&D partners in the US more easily. As a result, we will offer the best in class product in North America in a very sustainable and innovative way."Enerox company history has been started off by a visionary, very small team of R&D experts, who anticipated today's economic and environmental challenges already 20 years ago. Today, CellCube has an immense track record of successful projects and well-established long-term partnerships, both in business and R&D, which now gets accessible for North American Long Duration Energy Storage deployments. In comparison to lithium-ion, the Vanadium electrolyte is non-flammable, non-explosive and does not degrade over 20 or 30 years of operation.

[begorrah88] 27/4/2022 07:37

Happy anniversary everyone.This time last year we had expectations of good times ahead - little did we know!I had hoped they would mark the date with a RNS saying the proposed prospectus was coming out, or at least submitted to the regulator, but no such luck.

[bigginge1] 20/4/2022 10:04

Didn't CGP offer a similar product many years ago? And that didn't end well

[jonny_wright] 19/4/2022 07:06

Approaching the 1 year anniversary now of the suspension

[megaman2] 09/4/2022 14:44

The takeaway here is that bmn haven't sold any minigrids after 6 years of claims that it's their short term goals and one of the blatant reasons is s.a. is a poor country and can't afford them as per above ...$60 v isn't going to help and yes I know about leasing .the above just reads like waffle someone just made up out of desperation unable to sell units into South Africa because they simply are too expensive .

[dontay] 04/4/2022 15:40

Scope of workIDC and BE have identified the following VRFB OEMs (but not limited to) to be included in the industry analysis:i. Enerox (Cellcube)ii. Invinity Energy Systemsiii. Rongke Power iv. Shanghai Electricv. VRB EnergyThe bidder can propose additional or replacement OEM(s) to the list provided but must substantiate the reasoning to do so.The required industry study on VRFB OEMs and supply chain analysis for a SA localisation methodology should as a minimum provide/address the following:A. Conduct an analysis/assessment of the VRFB OEM(s) to provide company information that covers the following parameters:a. Company sizeb. Company footprint (countries)c. Company structured. Company services (in-house vs outsourced)e. Shareholder structuref. Projects rolled outg. Existing manufacturing capacityh. Manufacturing strategy1 (e.g. own facility, contract manufacturing, hybrid)i. Expansion plans (including capacity and geography)j. Any other important information.B. Map the supply chains being utilised by the various OEMs. The purpose is to understandi. the supply chain methodologies being utilised by most OEMs, especially relating to the balance of plant components, as these components are not considered "IP sensitive". To what degree is the supply chain centralised or regionalised, etc for what components and what is the reasoning behind it. This is also to be considered for the "IP sensitive" components e.g. stack production.ii. The principal components and processes required by each OEM in the manufacture of a VRFB systemC. Consider South Africa's competitive position related to localisation in the major balance of plant components as well as the "IP sensitive" components identified in B.ii. as well as localisation critical success factors.D. Engage with the selected VRFB OEMs to gauge their willingness to participate in the establishment of a South African assembly/production project. Establish what the requirements from the OEM would be to participate in the development of a project and their perceived role and contribution (e.g. licensing, ownership, contract manufacturing, market size, market use cases, etc.)E. Develop a framework to evaluate potential manufacturing relationships in relation to the envisaged market size and growth stages. This should be conducted with IDC and BE through engagement in the form of a small workshop.F. Through the analysis of the industry information generated, develop and evaluate different business constructs for a South African based VRFB manufacturing facility.

[dontay] 04/4/2022 15:36

CellCube:Let´s store green energy in a circular product!"How might we move our production locally to offer our product at a lower cost, also in developing countries and remote regions, so that we reduce our carbon footprint and produce our green energy product sustainably"We want to offer a product that actively contributes to the optimal use of green energy and can be used in all areas of the world. For many regions, companies and communities, storage is currently not an option because of the cost. The goal is to create added value for people and the climate, which should not fail because of the costs. This is particularly important in remote regions that are not connected to the electricity grid. Together with wind power or PV systems, a microgrid can be created that can provide entire communities Https://circle17.at/impacthon/cellcube/Do 2+2 =4?Read this:Https://www.bushveldenergy.com/wp-content/uploads/2021/RFP_OEM_SC_Analysis_FINAL_.pdf

[megaman2] 29/3/2022 11:02

Yes I noticed that to 18p....existing shareholders shafted ...why????? Maybe it's to do with the currency fluctuations as the GBP $ rate has gone down ...it is what it is ...not that impressed though ...no doubt everything else will reverse into must at 18 p to......more dilution ....c 45 million share before any cash is raised and vfrb-h reverses in if that happens ....im too lazy to try to work out how many shares exactly also I don't really want to know ..ignorance is bliss...
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[begorrah88] 29/3/2022 08:13

Well there's the latest in the lobg line if deadlines we can look forward to being missed end of July!No announcement of the prospectus going out & whilst Prim recognise the increase in Vanadium MUST are busy reducing the conversion price.Absolute pigs breakfast & being mugged even when suspended.

[begorrah88] 29/3/2022 06:07

PRIM RNS

Primorus Investments PLC

29 March 2022

Primorus Investments plc
("Primorus" or the "Company")
Backstop arrangements for the Investment in Mustang Energy PLC

Further to the announcements of 19 January and 28 February 2022, Primorus Investments plc (AIM: PRIM) provides an update in relation to its investment in Mustang Energy PLC ("MUST").

Primorus has been issued with Convertible Loan Notes ("CLNs") in Bushveld Minerals Limited ("BMN") pursuant to the previously announced Backstop arrangements and further to BMN's election to issue CLNs. The CLNs are convertible into ordinary shares in the capital of BMN ("BMN Shares").

The conversion mechanism for the CLNs was set out in the Company's announcement of 19 January 2022, and the relevant details to supplement it are:

-- The principal amount of US$1,500,000 plus accrued and unpaid interest (as at 25 March) of US$136,849 (total $1,636,849).

-- The above amount has been converted into GBPGBP at an agreed exchange rate of 1.3589 USD/GBP which means the CLNs are worth GBP1,208,988.

-- At the agreed BMN share price of GBP0.098987 the CLNs (as at 25 March 2022) would equate to 12,213,607 BMN Shares if they were all converted.

-- If Primorus issues a conversion notice, the loan notes will convert into shares in the capital of BMN.

Primorus has noticed the increased price of vanadium in recent weeks and believes BMN is well placed to capitalise on this.


Good of PRIM to let the MUSTANG shareholders know what is going on. Shame MUST board don't think it worthy of an update [or for that matter what is happening now that the latest deadline has come and gone.]

[megaman2] 25/3/2022 10:53

I'm just glad I haven't lost all my money here. My posting in General is not on the optimistic side I post what I think is the reality . I'm happy to be wrong in my expectations but agree it's unlikely that the transaction will just be the clns converting surely all vfrb-h will transfer at 20p??? As well and cash will be needed to probably ??

[begorrah88] 25/3/2022 09:32

I hope that isn't the case. Sounds like standard BMN trying to run before they can walk & tying everything up in confusion.What we don't need now is another court case because yet another back office deal is being cobbled together behind the scenes with different parties.Get the rto off the ground first then build.

[dontay] 25/3/2022 09:21

Yes AIMBagger. I think we'll find this deal will turn out to be more complex than just being about the rto, possibly also including and involving investment funds being put in place to progress Enerox's ambitious further expansion targets.It may even S.A's IDC as an investor and plans for a battery assembly facility being set up to meet the expected new 'sunrise' mini-grid industry that soon to start up Africa. Now the the litigation issues have been settled, it's more important that the time is taken to get everything correctly and legally put in place for the future.

[begorrah88] 25/3/2022 08:53

For me it is the fact that MUST seem to be completely impotent in this whole process & that is before a prospectus has even been cobbled together.Can't see many people wanting to be invested in a company that had no control levers in how it is run.

[megaman2] 25/3/2022 08:53

I'm in at 26p but I'm not seeing enerox being valued at £200 m plus...which is what we need for c60p. With clns converting there will be c40 million shares in issue ...at 60 p that's £24 million market cap for owning c 11% of cellcube ...the skyrocketing vanadium price making up to 40 % of the vfrb cost isn't helping invinty are nearest comparable are c £92 million mkt cap they already burned through their first $30 m raised and since have had an another bigger fund raise....dyor

[aimbagger] 25/3/2022 08:46

I believe there is a good reason for the further extension. There may be a few short sighted individuals looking for the exit door on relist but the prize on offer should be very juicy and worth the wait. Got to remember how low the Mcap was before suspension. Any deal on sensible terms should see us at least double up and more. Fingers crossed

[begorrah88] 25/3/2022 08:35

What a shocker! Yet another extension.FFS!Soon be the one year anniversary of everyone being denied access to their funds & still not even a prospectus been produced.If it ever comes back to market there will be an enormous charge for the exit door.

[megaman2] 24/3/2022 13:25

No wonder Garnett took vfrb-h to court dealing with Mikhail from bushveld who is incompetent....don't hold your breath prim issued their 5 day notice for payment almost 2 months ago ....still no news...I doubt it's must dragging their feet here....

[begorrah88] 24/3/2022 13:06

So Mr Gallegos, are you going to tell us whether you have issued the notice to Bushveld or not?Another one of your stated deadlines has passed in case you weren't aware.Maybe Fortune is just ignoring contact from Mustang in which case brace yourselves for yet another extension.

[megaman2] 18/3/2022 09:19

Yes it's a relief to get clarification that the deal is proceeding just need to wait for the timescales. With the war any delay is a blessing hopefully by the time must lists again it will be over .

[dontay] 18/3/2022 09:12

Obviously a done deal and just waiting for the legal documents being drawn up for signing. This RNS is also a solid indication that the prospectus will be issued it and the rto and re-list are defiantly going to go ahead.

[begorrah88] 18/3/2022 08:53

.......and here's todays extension.......FFS! Not as if they haven't had best part of a year to have prepared the possible outcomes & options.Will this make it back to market in 2022?

[jonny_wright] 15/3/2022 10:27

I'd be half with break even out of this investment now - I'd have only lost money with the current market if it wasn't tied up here