Mustang Energy Share Discussion Threads

[begorrah88] 10/10/2022 13:05

As far as I can see this is just yet more tinkering around the edges of something that isn't going to happen anyway.

Gallagos is just keeping busy and nudging things around to avoid the elephant in the room that is the failure to get a prospectus past the FCA. When he finally has to admit it has all failed his role becomes redundant, his inflated income stops and he has a failure on his CV.

Better to just keep pushing dates down the road & feeling as though he is doing something constructive.

In 18 days the latest backstop date passes & then there is the long wait for someone to set the next one.

[megaman2] 10/10/2022 12:29

They could do with explaining what are the difficulties in issuing the vfrb-h shares ...as per the rns ??? As it's not apparent there are any ?? Which has led me to my conclusion ?? Perhaps I'm.missing something ..

[megaman2] 10/10/2022 12:10

As per bmn thread wrong ....you don't understand this transaction ....the clns convert on re-listing at a fixed price

Which is exactly why it's a clear red flag ......

The clns can't be deferred I appreciate often that's the case but in this particular transaction that's not the case ..

[steveberyl] 10/10/2022 11:26

Australians have seen how easy it is to make Money with false promises in UK.

Churchill minerals. Sirius Minerals et al. IGNORE.

[cl0ckw0rk0range] 10/10/2022 11:25

Because they can convert to equity shares at a later date and so receive a discount based on the future valuation. They expect it to rise not fall.

[megaman2] 10/10/2022 11:18

To obviate the requirement of the Company to transfer a pro-rata amount of its VRFB-H Shares as a result of the cancellation of the Backstop CLNs, in accordance with the terms of the Investment Agreement and 2021 CLN Instrument, BMN has subscribed for new convertible loan notes issued by the Company with a principal amount of US$1.25m (including accrued and unpaid interest thereon amounting to approximately US$181k (the "Accrued Interest")) bearing 10% interest per annum (the "2022 CLNs").

This is the only change I can see clns I Strad if equity..???

If the deal was concluding soon why would they not want shares as that's what they will get anyway ...to me it's a clear red flag that things are not going to plan..
. Obviate...just fancy word for remove...what's the difficulty of giving bmn shares ???? It's b.s imo.....

[dontay] 10/10/2022 09:36

It's complicated but I I think in essence it's a re jig of shares and CLN's - looks like it all ends up meaning BMN now hold 2.75m shares in MUST?

[megaman2] 05/10/2022 17:49

If you read cellcube Twitter it's just posts about people standing on stands at conventions and marketing agreements..
This company has been going for years ..it went bust because it hadn't sold enough contracts ..there is no news of contracts..
Unless someone big steps in with a big cheque book this is toast invinty the same! You have to ask why hasn't that happened to date and what's the likelihood tommorrow or next month ...this company has little cash and no revenue and just talk of jam tommorrow more or less the same position as 18 months ago when it was rescued and $30 mill injected it looks likes deja vu now but with much worse market conditions and another 18 months history of burning cash and delivering nothing! What has cellcube achieved with the $30 mill injection over the last 18 months?? I'm really struggling to find anything tangible ??? Bmn picked up c 25% of cellcube for very little for funding how have things improved since then...it's all very well valuing the equity at c$70 mill on internal transactions but in the real world a potless cellcube can only be worth what it was18 months ago before the cash injection ...which is very very little..unless I'm missing something they are going to need some serious smoke and mirrors here to attain any decent market valuation if they can actually raise any money and re-list .

[dontay] 05/10/2022 10:08

Https://twitter.com/Mustang_Plc/status/1577573404231745538?t=JQxLYhEeUIclMgGB-HiLWg&s=35

[dontay] 05/10/2022 09:53

European vanadium flow battery company to specialise product for Australian microgrid market ahead of regional pushOCTOBER 5, 2022Australian outfit BESS Research is teaming up with CellCube, owned by Austria's Enerox, to target vanadium redox flow battery (VRFB) systems to regional Australian commercial and industrial projects. The intention seems to be to provide solid proof-of-concept projects here to stimulate the redox flow market as demand for long-duration storage ramps up.Austrian company Enerox, which sells vanadium redox flow batteries under its brand CellCube, has announced a partnership with BESS Research to figure out how vanadium redox flow batteries can be best deployed in Australia.The announcement is a bit tricky to understand, but it seems BESS Research will procure CellCube's licensed technology, componentry, and services for a vanadium redox flow battery with a capacity of up to 2MW–8MWh. This battery will then be used in a process of research and development (R&D) to finesse the technology to "meet the Australian market's wide-ranging uses."Once this R&D is successfully completed, the companies say they expect to release "localised" CellCube systems for Australian clients in the second half of 2023 "for trialling across a number of sites with a variety of harsh and complex Australian weather conditions. The objective is to predominantly support industrial and commercial microgrid systems where customers are seeking to enhance their renewable generation with long-duration energy storage (4+ hours)," the media releases says.Vanadium redox flow batteries, VRFBsVanadium redox flow battery technology was actually first developed at the University of New South Wales in 1980s, but struggled to get off the ground. The decarbonisation of global energy systems, however, has refreshed interest in the technology which is more durable, better able to weather harsh climates and can offer longer duration storage than lithium-based batteries. While these features and histories would seemingly make flow batteries particularly attractive in Australia, to date they have primarily been deployed in South Africa and China.BESS Research, which states its objective as "breaking down the barriers limiting Australian industries' adoption of large-scale vanadium redox flow batteries" is eager to see the Australian opportunity realised though – albeit belatedly. To that end, the BESSS Research and CellCube partnership will also include Western Australian membrane technology company Nanomem Solutions Limited as it seeks to improve the existing proton exchange membranes used in redox flow batteries. Nanomem Solutions is also set to secure local vanadium electrolyte sources in Australia.Https://www.pv-magazine-australia.com/2022/10/05/european-vanadium-flow-battery-company-to-specialise-product-for-australian-microgrid-market-ahead-of-regional-push/

[dontay] 03/10/2022 18:32

Monday, 05 September 2022Long-term agreement de-risks Vanadium supply: CellCube has established long-term supply agreements with the electrolyte providers US Vanadium (USV- private) and Bushveld Minerals (AiM:BMN.L).Investment CaseCellCube is a pioneer in developing and deploying Vanadium Redox Flow Battery (VRFB) technology. CellCube offers a bankable product in the fast- growing long duration energy storage solutions market.Leader in Vanadium Redox Flow Batteries – CellCube is the leading provider of industrial-grade and bankable VRFB systems in the global market. Given the intermittency in renewable power, more flexibility is needed in the power grid to maintain grid supply-and-demand capacity over multiple hours. This is where long-duration energy storage is key. VRFB batteries can also function as a backup electricity sourceBetter alternative to Li-io batteries: Vanadium Redox Flow Batteries are emerging as a better alternative to Li-ion batteries especially for stationary storage applications behind the meter (BTM) or for large utility scale. VRFBs offer higher energy capacity and full discharge, allowing for long-duration storage that can boost the resilience of a grid powered by renewable energy. Furthermore, the Vanadium electrolyte is non-flammable, non-explosive and does not degrade over 20 or 30 years of operation. Vanadium and Lithium commercially exploitable deposits are comparable in terms of metal volumes. The Vanadium based technology is fast emerging as a solution of choice to accelerate energy transition and meet climate targets.Strong demand potential over the next decade: The VRFB market is poised for rapid growth in the coming years, especially as demand for long-duration storage capabilities increases. According to market intelligence and advisory firm Guidehouse Insights, global annual deployments of Vanadium Redox Flow Batteries (VRFBs) are expected to reach 32.8 GWh per annum by 2031. This represents a CAGR of 41% during 2022-2031.Long-term agreement de-risks Vanadium supply: CellCube has established long-term supply agreements with the electrolyte providers US Vanadium (USV- private) and Bushveld Minerals (AiM:BMN.L). This allows the company access to high quality vanadium electrolyte of multiple millions of liters p.a. at a price cap, shielding the company from vanadium price volatility.CatalystsExpansion in North America and Australia; Further distribution and cross sector agreements; Decrease in cost of VRFBs; Increase in grid and microgrid renewable energy.Https://acfequityresearch.com/wp-content/uploads/2022/09/Enerox-GmbH-Cellcube-Core-Investment-Case-ACF-Equity-Research-07092022.pdf

[jonny_wright] 30/9/2022 10:33

We have been suspended during a terrible market, only plus here! Hoping investing environment is much better when we list

[dontay] 30/9/2022 09:53

CellCube in 8MWh flow battery pilot to target Australia's C&I market prospectsSeptember 30, 2022European vanadium flow battery brand CellCube has formed an R&D partnership in Australia in anticipation of establishing a presence in the country's long-duration energy storage market.CellCube is the trading/brand name for Austria-headquartered technology provider Enerox. The company has partnered with BESS Research, a researcher of battery configurations.The two will collaboratively work out how CellCube vanadium redox flow batteries (VRFBs) could help meet the need for 24/7 low carbon energy in Australia, beginning with a pilot deployment of a 2MW/8MWh VRFB system.The companies anticipate being able to develop and roll out a localised version of the CellCube VRFB system for the Australian market, claiming it could be ready and on sale by H2 2023. They will initially target the commercial and industrial (C&I) microgrid segment that CellCube is also pursuing opportunities in elsewhere in the world.CellCube said C&I entities in Australia are actively looking for energy storage with duration in excess of four hours to enable decarbonisation of their operations.The company anticipates marketing the flow battery technology, which it considers to be durable as well as long duration, to customers with industrial facilities located in remote areas with harsh climates and a need for versatile energy storage that can perform multiple applications.BESS Research will procure the necessary parts, software, and service solutions for the pilot deployment from CellCube and could adapt or add elements to the VRFB design to meet specific needs of the Australian market.Flow battery R&D at the forefrontBeing able to source and scale raw materials and component supply is an important aspect of commercialising any technology and although the vanadium flow battery was actually invented in Australia, Windimurra, the country's only working vanadium mine, went out of business some years ago.Located in Western Australia, the co-developer of that plant is actually involved in the new VRFB partnership. Andrew McKee is now managing director at Nanomem, a membrane technology company.Nanomem is helping CellCube and BESS Research to improve the proton exchange membrane that forms a key part of the VRFB system design as well as securing localised vanadium electrolyte supply.It has also been a stated aim of the national and various state governments of Australia to develop expertise and an industrial base for manufacturing batteries, including lithium-ion and flow batteries.That was the case even before the recent election of climate-friendly Prime Minister Anthony Albanese of the Labor Party, who set Australia's first national clean energy targets, aiming for 82% renewables by 2030.With government financial support disbursed to support those efforts, various entities have been developing both vanadium production, processing and electrolyte manufacturing facilities in the country. CellCube formed an agreement with one of those, Australian Vanadium, in 2020. That said, perhaps the best-known flow battery company based in Australia so far is Redflow, which makes systems based on zinc bromine electrolyte, not vanadium pentoxide."We are facing a high demand for double-digit megawatt storage systems in remote areas," Nanomem's Andrew McKee said."Australian customers want to see a successful proof of concept project with a megawatt battery storage delivering power and energy for multiple hours – a complete storage technology covered by bankable performance guarantees and with the ability to leverage finance through power purchase agreements (PPAs)." Other markets CellCube is targeting include the US. Towards the beginning of this year the company agreed a five-year vanadium electrolyte supply deal with producer US Vanadium. CellCube set up a US subsidiary in May and announced a 2MW/8MWh C&I microgrid project in Illinois a couple of months later.In May, CellCube signed a 1GW, five-year VRFB deployment agreement with South African energy asset developer Kibo Energy. South African primary vanadium producer Bushveld Minerals' energy storage subsidiary also holds a stake in the VRFB player.  "We are excited that the Australian government has put R&D at the forefront of their financial support to strengthen the localisation of technology and production to achieve net-zero with an Australian value chain. This cooperation follows our business strategy to establish regional offerings and working with local supply chain partners to build megawatt microgrids in our key markets," Alexander Schoenfeldt, Enerox/CellCube CEO said."As started in North America and South Africa, we are now keen to start business in Australia and, as such, mobilising key staff to build local knowledge and teams and value in Australia for the Australian market."Https://www.energy-storage.news/cellcube-in-8mwh-flow-battery-pilot-to-target-australias-ci-market-prospects/

[dontay] 14/9/2022 11:57

Tweet: 14/9/22CellCube's Vanadium Redox Flow Batteries (#VRFBs) have been selected to become an integral part of @GW_Electric innovative microgrid solution offer.On the basis of a Value Added Reseller Agreement G&W & CellCube will offer their innovative technologies. lnkd.in/gss7yZxs

[bigginge1] 07/9/2022 09:18

The complicated futility of failure here

[megaman2] 07/9/2022 09:01

They are fannying about from what I can see ..the court case was settled in Jan . Why 7 months later is the prospectus not finalised ..cln holders keep bailing which is a very bad sign especially as they just get offered another long lock in to bmn clns...which is not a promising offer imo out of the fry pan into the fire but it shows what they think about the expectations here ...

The recent $1.25 mill is particularly ominous ..if must is about to list in 2 months as we are led to believe why would you bail now into what will be at least a 12 month cln lock in at bmn ?? Very very alarming ..

[begorrah88] 07/9/2022 08:11

Can only hope that they, if they ever do relist, get enough insti's to try & ramp the share price that it gives a chance for PI's to get out not too badly burnt.I have real doubts that it will ever get back to the market. Too many disparate parts to pull together.

[megaman2] 07/9/2022 07:47

Rns :report .
Cellcube have installed 23 mwh in its entire life ....going to need serious funding to take this forward from here ...dilution ahoy several rounds likely warrants etc . You wonder we are seriously in the dark about cellcube and still the must re-listing seems incomplete how will they communicate to new investors and what will they communicate ?? To entice them to buy

Invinity are struggling around £50 mill market cap and have already raised around $95 mill. Plus they have the major advantage of having the whole company floated as opposed to combatant parties with most of the equity private it's not a good story in comparison ..

[dontay] 06/9/2022 10:18

September 5, 2022MIT report: non-technical barriers to energy storage and how industry is getting around them.Read Full MIT Report here (download PDF)Https://www.energy-storage.news/mit-report-non-technical-barriers-to-energy-storage-and-how-industry-is-getting-around-them/

[megaman2] 02/9/2022 12:05

From the rns it says " finalisation of the prospectus " ...we are not being told the full story here ...how can the FCA be reviewing the prospectus if it hasn't been finalised .??

Bmn still haven't explained how they will carve out their shares ...surely they are going in here to? That's my guess is that what needs finalising it's 7 months since the court case what have they been doing ????

There is nothing so far announced that explains the delay except incompetence and internal squabbling.....

[bigginge1] 02/9/2022 10:23

Sounds like a child who makes up a very over elaborate story to hide the truth to me.

[megaman2] 02/9/2022 09:46

What's the bet this isn't the final extension ...cellcube on fumes another cln holder jumps ship doesnt Bode well imo

Would not be surprised to see the shareholders having to stump up some interim funding before access to capital markets then what will they need another $30 mill?