Mustang Energy Share Discussion Threads

[begorrah88] 28/6/2022 08:08

The odds on another extension are shortening as still no sign of a prospectus being issued.

[megaman2] 22/6/2022 08:30

You can't blame them...not like they will be here next year regardless of outcome...

[begorrah88] 22/6/2022 07:00

' Firm pays GBP152,988 in 2021 to Managing Director Dean Gallegos, up from GBP55,000 in 2020. Mustang Energy increased monthly payment to Gallegos to GBP10,000 from GBP5,000 per month after 22% acquisition of VRFB Holdings Ltd in April 2021'

A lot of money for a company with no business and very little for the MD to do except wait for judgements & miss deadlines!

I would have expected the director remunerations to be reduced until relisted but looking like a get it while you can type of scenario for the board members.

[megaman2] 22/6/2022 06:47

Is it just me or did they just fleece the company of any cash it had ? I didn't even know they had that much cash to pay out in salary ..?

[dontay] 13/6/2022 18:11

Kibo corporate presentation update:Https://kibo.energy/wp-content/uploads/Kibo-Corp-Pres-Q2.22_V2.2_100622.pdfEnerox GmbH ('CellCube')Rolling Five-Year Framework Agreement to deploy at least 1 Gigawatt of LongDuration Energy Storage in Southern Africa (RNS 17 May 2022)• Kibo granted selective exclusiverights• Marketing, sales, configuration and delivery within targeted Southern AfricanDevelopment Community (SADC) countries• Specified target sectors and behind the meter installations• Within a commonly agreed project pipeline, subject to specificmilestones being achieved by both parties including the delivery ofthe Proof of Concepts (POC)• Kibo intends to develop an order pipeline with firm annual commitmentsfrom its already existing project pipeline• Of up to 21,200 installations, ranging from small-scale 40kWh tolarger 2,000kWh systems per installation• In target sectors consisting of ICT towers, gated communities,shopping centres and commercial parks• The parties will also review an already identified bespoke renewableenergy microgrid projectpipeline• Specified POC projects in relation to the agreed target sectors and areas areto be ordered by June 30, 2022• Kibo to establish and maintain the capability and capacity to act as a projectdeveloper and an integrator of the CellCube solutions, subject to audit andcertification by CellCube• Kibo granted first right of refusal to any production output deliveringCellCube core components or technology within the target region subject tofirm order commitments by Kibo in the event that CellCube may establish alocal assembly facility

[megaman2] 13/6/2022 09:03

Having watched other UK spac re-listings I'd be amazed if this went to schedule the FCA have a history of requiring amendments or there is a technical slip up in the details etc...


Invinty the other main comparable has been hammered to 57 p. C £68 mill market cap and they already diluted heavily recently with a relatively large fund raise post their $30 mill injection which has been used up. Cellcube will.alsi need a significant cash raise to keep the lights on . Both companies are loss making and at this juncture not reporting significant sales ...

[jonny_wright] 13/6/2022 08:53

Personally I'd rather wait for a better market environment before re listing, if we list now a decent drop would be a certainty

[begorrah88] 09/6/2022 10:17

I think the prospectus will need at least 3 weeks from issue to vote then possibly a little more time to be put into force so that effectively takes up July so we really need something by month end if we are to avoid yet another extension.

[milliecusto] 09/6/2022 09:34

Any ideas of when to expect anything

[aimbagger] 08/6/2022 20:09

#VRFB is at the heart of #energystorage US DoE package worth >$500m to target long-duration energy storageTimely that @cellcube established a US subsidiary in May#Vanadium #BMNhTTps://twitter.com/mustang_plc/status/1534508361454174209?s=21&t=yPWLLlb3XcOdoZMa_LMbHg

[megaman2] 29/5/2022 20:49

DonTay bushveld is not reliable ...this is from q1 rns 2017 over 5 years ago...

"Launched in 2016, Bushveld Energy is focused on developing and promoting the role of vanadium in the growing global energy storage market through application in vanadium redox flow batteries. Its near term strategy is to deploy several VRFB systems as part of its longer term vision to become a significant electricity storage provider in Africa by 2020, meeting the demand for utility scale energy storage in Africa by leveraging South Africa-mined and beneficiated vanadium."

6 years after launch having achieved zero installations it's "near term" goal is still the same....if it wasn't in the rns you would think I was making it up...the only installation they are involved with that we know of is the mini grid on their own site akin to be the only buyer of the supposed hot cakes that your buying from yourself .that was meant to be installed end q2 but having not updated the market for over a year that's not looking likely . It's long term goal of being a significant electricity storage supplier in South Africa by 2020 hasn't quite gone to plan....it has low credibility attached to what it's executives say ...

[dontay] 29/5/2022 20:05

Bushveld Minerals Vanadium Battery Value Chain Components To Spread.Bushveld Minerals' strategy to establish itself in all stages of the vanadium redox flow batteries (VRFBs) value chain is set to benefit the local economies of three of South Africa's provinces, including Mpumalanga.This was conveyed today by Neo Kgatuke, the Bushveld Energy Business Development Manager, speaking at the Mpumalanga Energy Summit at eMalahleni.The company's Mpumalanga operation is Bushveld Vanchem at eMalahleni, a vanadium processing plant.www.ferroalloynet.com

[megaman2] 27/5/2022 08:32

Thnx for news unfortunately kibo energy is not really a big player that one would hang your hat on delivering big results .it's basically a new venture for them at the lower value end of the market. If they deliver great but bushveld energy has been claiming 200 MWh by 2020 and has been promising to deliver Installations In the near future since 2017 and has so far delivered zero. We don't know if that's their incompetence or just lack of market for vfrbs in the west . Neither cellcube or invinty seem to be delivering the volume of contracts forecast and consequentially the invinty share price is at an all time low from flotation mkt cap £75 mill and that's after a recent big fund raise . Talk is as talk until contracts start rolling in. A market cap of £75 mil for cellcube puts must share price at about 22 per share by my reckoning I'm open to being disagreed with there . Be delighted if it re-lists at 200 million market cap like invinity floated at but maybe that's now a fantasy .

[megaman2] 27/5/2022 08:32

Thnx for news unfortunately kibo energy is not really a big player that one would hang your hat on delivering big results .it's basically a new venture for them at the lower value end of the market.

[dontay] 27/5/2022 07:48

Kibo Energy PLC (Incorporated in Ireland)RNS Number : 9884MKibo Energy PLC27 May 2022Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused development company, announces the termination of its intended acquisition of the Victoria Falls Solar Park project in Zimbabwe (the "Project") from Broomfield International Limited ("Broomfield") (the "Transaction"), the details of which were announced in the Company's RNS/SENS of 21 March 2022.Kibo has concluded it's due diligence investigation on the Project, the findings of which were not completely to the satisfaction of Kibo, with certain aspects of the Project requiring some further development work over a short period of time and in other instances, Broomfield not being able to provide certain material information with regards to the Project to Kibo's satisfaction.The parties have not been able to reach agreement on a counteroffer presented by the Company to Broomfield as a result of the foregoing, and the Board of Kibo has decided that it is in the best interest of the Company not to proceed with the proposed Transaction.In light of the discussions relating to the Transaction being terminated, the Company has requested the restoration to trading on AIM and the AltX of the JSE of its ordinary shares. Restoration to trading, and commencement of dealings, on AIM and the AltX of the JSE of the Company's existing Ordinary Shares will become effective at 7.30 a.m. and 9.00am today respectively.Kibo will now focus its attention and efforts on its existing and new sustainable and renewable energy projects, most notably its Waste-to-Energy project in South Africa which is progressing to financial close (see RNS dated 14 February 2022), and its new Long Duration Energy Storage solutions project to deploy 1 Gigawatt over the course of the 5-year term in partnership with CellCube (see RNS announcement dated 17 May 2022).Furthermore, Kibo is in the process of examining the conversion of its existing energy projects in Tanzania, Botswana and Mozambique to clean / renewable energy projects. This exciting development flows from the results of extensive technical evaluation and test work completed over the past months to identify a suitable clean / renewable fuel source. Based on results to date, we believe that this clean energy technology, subject to further test work, could be a feasible substitution for coal in our coal to energy projects that will allow the Company to continue development of these projects as clean / renewable energy projects.

[dingdong62] 26/5/2022 10:46

From:
Date: Wednesday, 25 May 2022 at 05:24
To: dingdong
Subject: RE: share holder

Hi Adrian

Given the events over the last 12 months we are keeping our cards fairly close to our chest on this, but I can say we are progressing well.

Regards

Dean L Gallegos
+ 61 416 220 007


Managing Director


From: Dingdong
Sent: Wednesday, 25 May 2022 3:02 AM
To: Dean Gallegos
Subject: Re: share holder

Hi Dean,
Hope all is well with you sir.
Any update for us shareholders please?
Kind regards
Adrian

[megaman2] 17/5/2022 08:57

No orders it's just s potential but good if they can produce sales where bushvekd energy completely failed to deliver

[dontay] 17/5/2022 07:43

Dated: 17 May 2022 Kibo Energy PLC ('Kibo' or the 'Company') Kibo Signs Strategic Five-Year Framework Agreement to deploy at least 1 Gigawatt of Long Duration Energy Storage in Southern Africa Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused development company, is pleased to announce that it has signed a rolling 5-year Framework Agreement ("FA") with Enerox GmbH ('CellCube'), to develop and deploy CellCube based Long Duration Energy Storage ("LDES") solutions in selected target sectors in Southern Africa. Under the Agreement Kibo has been granted conditional exclusive rights, subject to successful Proof of Concepts ("PoC"), to the marketing, sales, configuration and delivery of CellCube's vanadium redox flow batteries ("VRFB") in the development of its LDES solutions in microgrid applications behind the meter. For any utility scale projects the parties will work on a non-exclusive basis. The FA will be rolled out within an operational concept and aim, consisting of an initial stage focused at planning, preparation and the delivery of at least two POC Projects and a continuous production stage, focused on the delivery of a commonly agreed project pipeline which is expected to exceed at least 1 Gigawatt over the course of the 5-year term. Highlights· Kibo has been granted selective exclusive rights for marketing, sales, configuration and delivery within targeted Southern African Development Community (SADC) countries, focused on specified target sectors and behind the meter installations, and within a commonly agreed project pipeline, subject to specific milestones being achieved by both parties including the delivery of the Proof of Concepts.· Kibo intend to develop an order pipeline with firm annual commitments from its already existing project pipeline of up to 21,200 installations, ranging from small scale 40kWh to larger 2,000kWh systems per installation, in target sectors consisting of ICT towers, gated communities, shopping centres and commercial parks. In addition, the parties will also review an already identified bespoke renewable energy microgrid project pipeline.· Specified POC projects in relation to the agreed target sectors and areas are to be ordered by June 30, 2022.· Kibo will establish and maintain the capability and capacity to act as a project developer and an integrator of the CellCube solutions, subject to audit and certification by CellCube.· At any future time that CellCube may establish a local assembly line, Kibo has been granted a first right of refusal to any production output delivering CellCube core components or CellCube technology within the target region as long as firm order commitments are made by Kibo.Louis Coetzee, CEO of Kibo Energy, commented: "As Kibo is aggressively rolling out its Sustainable and Renewable Energy Strategy, we are delighted to announce this dynamic arrangement with a leading flow battery producer. The development of a large project pipeline ready for immediate execution is the main pivot on which the FA hinges.Being able to draw upon the expertise and proven products of CellCube will fill a mission - critical gap in the Kibo value proposition. In this regard, we are proud to have entered into this partnership, thereby positioning Kibo in a unique position to explore its pipeline of energy storage projects in cooperation with a technology and market leader in future-proof storage solutions. We look forward to working with CellCube in this regard.The growing energy market in SADC and particularly the energy starved South Africa, makes the case for energy storage more viable."Alexander Schoenfeldt, CEO of CellCube, commented: "We are executing on our strategic view with a value proposition aligned to identified partners in our core regions of activity, for which South Africa is key. It is exciting to see that the time has come that Vanadium Redox Flow Batteries are able to address a Gigawatt-sized pipeline. Kibo has shown that it understands the LDES space and the activity that is needed to unlock value in the nascent Long-duration vanadium redox-flow application. CellCube offers a bankable product and we are well positioned and look forward to building on these initial steps with Kibo, to realising a Vanadium based energy storage vision for the region"About CellCubeUnder 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. CellCube 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 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.com Https://www.londonstockexchange.com/news-article/KIBO/agreement-to-deploy-1-gwh-long-duration-storage/15454833

[jonny_wright] 12/5/2022 08:23

State of the current market i am actually happy this is still suspended

[megaman2] 09/5/2022 11:24

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 10:20

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 16:40

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 08:37

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 11:04

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

[jonny_wright] 19/4/2022 08:06

Approaching the 1 year anniversary now of the suspension