Mustang Energy Share Discussion Threads

[begorrah88] 26/10/2022 15:01

I'm certainly expecting silence until the final kick of the can down the road in late November for another couple of months breathing space before they finally accept defeat.They may need a new excuse this time around as blaming the FCA is wearing a bit thin & suggests what they are proposing is a non starter after all this time.

[megaman2] 26/10/2022 06:09

I've got a very bad feeling here that this is now toast . It's unlikely the re- listing is going to just randomly coincide with the deadline at the end of the month . My most likely expectation is they cant raise money at an acceptable price as required and there is no point extending . There is a five day notice period following the end of the extension . Bmn have an investor presentation on 8 th which coincides with that ....

[dontay] 20/10/2022 13:28

The dawn of the vanadium battery age in China.Https://thechinaproject-com.cdn.ampproject.org/c/s/thechinaproject.com/2022/10/18/the-dawn-of-the-vanadium-battery-age-in-china/amp/

[dontay] 11/10/2022 13:57

UK legislators have been urged to back draft legislative proposals that could see lithium ion battery storage sites designated as "hazardous" - and subject to tough new fire safety and planning controls.Https://www.energystoragejournal.com/uk-bid-to-tighten-laws-for-hazardous-lithium-bess-sites/Lithium-Ion Battery Storage (Fire Safety and Environmental Permits)Bill Debated in Parliament September 2022Https://hansard.parliament.uk/Commons/2022-09-07/debates/FB0D6FE6-CF3E-4D2B-AA92-FCAE0A5B0B17/Lithium-IonBatteryStorage(FireSafetyAndEnvironmentalPermits)

[dontay] 11/10/2022 13:34

Vanadium Electrolyte Rental: A New Option for Storage ProjectsVanadium Electrolyte Rental Partnership Launched with Bushveld Minerals. For energy storage developers facing higher costs of capital, leasing electrolyte is a new business innovation that can unlock projects. Whereas historically VRFBs have been purchased with the vanadium electrolyte, rental/ leasing would allow Bushveld Energy, or a special purpose company, to retain ownership of electrolyte and rent it to the VRFB users or buyers. VRFB technology is unique because of the non-degradation of the electrolyte chemistry and the relative ease of extracting vanadium from the electrolyte at the end of the VRFB's operating life. In addition to smoothing vanadium price peaks, electrolyte rental permits a long-term pricing model that reduces the upfront capital cost of a VRFB to make it one of the most commercially competitive energy storage technologies available;Invinity Energy Systems, manufacturer of vanadium flow batteries for the large-scale energy storage requirements of businesses, industry and electricity networks, is pleased to announce that it has formed a special purpose company, Vanadium Electrolyte Rental Limited ('VERL'), in partnership with Bushveld Minerals for the purpose of providing an electrolyte rental option for the Company's customers.The formation of VERL provides Invinity customers with the additional option to rent the electrolyte used in the Vanadium Flow Battery (VFB) system over a set term. This approach allows customers to reduce the upfront capital outlay of a flow battery system by renting the electrolyte over the life of a project, rather than purchasing it at the outset.Furthermore, Invinity and Bushveld are pleased to announce that VERL has signed an electrolyte rental contract with Pivot Power, part of EDF Renewables, in respect of 5 MWh of electrolyte for use in the Invinity flow battery system which will be delivered to the Energy Superhub Oxford Project. CellCube have also recently secured electrolyte supply agreements with BMN.The conclusion of this electrolyte supply agreement marks the completion of a key milestone in the project contracting process ahead of delivery.'Both Invinity and Bushveld are intent on removing any obstacle to vanadium flow batteries demonstrating their superiority for heavy cycling and long duration applications. VERL is an excellent means of giving our customers the option to reduce the capex of their energy storage system.'– Larry Zulch, Chief Executive Officer at Invinity.The ability to rent electrolyte and be confident of its residual value shows why vanadium flow batteries have an environmental life-cycle assessment consistent with their purpose of making renewable energy a reliable resource.''Since setting up Bushveld Energy in 2016 we have said that the metal's unique characteristics will give it certain advantages in the energy storage sector. In this case it is the lack of degradation, even after years of charging and discharging cycles, that allows for us to loan the metal into a battery, thereby removing a significant portion of the upfront cost of the battery and ensuring the reusability of its electrolyte.This partnership, puts the rental model into a specific business unit, formalising a commercial partnership and ringfencing the vanadium rental sub-entity. We anticipate adding other rental agreements and VRFB companies to the partnership in growing the electrolyte rental model, ensuring that the VRFB is affordable and the most sustainable battery technology.'– Fortune Mojapelo, CEO of Bushveld Minerals.Https://www.vanadiumprice.com/vanadium-electrolyte-rental-a-new-option-for-storage-projects-2/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)Https://acfequityresearch.com/wp-content/uploads/2022/09/Enerox-GmbH-Cellcube-Core-Investment-Case-ACF-Equity-Research-07092022.pdf

[gerd212] 11/10/2022 11:52

"It is reported that all-vanadium flow batteries have been operating for many years in demonstration projects around the world, and the industrialization effect and reliability verification are significantly higher than those of iron-chromium flow batteries and zinc-bromine flow batteries.

However, the industry still needs to make breakthroughs. Although the full life cycle cost of vanadium batteries is already lower than that of lithium batteries, the initial construction cost is too high, resulting in weak investment motivation for enterprises. Follow-up or still needs to be promoted by the government to formulate effective implementation measures. Price compensation mechanism and long-term energy storage industry policy.

GGII also stated that the biggest problem in the industrialization of vanadium batteries is that the cost of the electrolyte is relatively high, and the change is obvious with precious metal futures. It is expected that during the 14th Five-Year Plan period, the continuous expansion of supply chain capacity and the development of business models such as electrolyte leasing can further reduce the cost of the flow battery supply chain."

[dontay] 11/10/2022 11:39

Https://news.bjx.com.cn/html/20221011/1259787.shtmlThe "eve" of the explosion of all-vanadium redox flow battery energy storage has come.(Source: WeChat public account "High-tech Energy Storage" ID:weixin-gg-ess)At present, flow batteries will enter a period of rapid development. Players from all walks of life continue to flood into the flow battery industry track. All vanadium, zinc-bromine, iron-chromium, zinc-iron and other flow battery technology routes contend, among which all-vanadium flow battery products The technology matures the fastest and commercialization is the earliest.All-vanadium flow battery, referred to as " vanadium battery ". Compared with lithium battery energy storage, it has the advantages of high safety, strong capacity expansion, long cycle life, and can meet the needs of long-term energy storage.A few days ago, the first national-level large-scale chemical energy storage demonstration project, the world's largest all-vanadium flow battery energy storage power station, and the first-phase project (100MW/400MWh) of Dalian flow battery energy storage peak-shaving power station (200MW/800MWh) have been incorporated. Liaoning Power Grid is expected to be put into use in mid-October. Since 2021, several large-scale all-vanadium redox flow battery projects of hundreds of MWh have been launched in China. According to incomplete statistics, in the first half of 2022, the scale of vanadium batteries in independent energy storage power stations under construction has reached 302MW/1104MWh.Just 20 days ago (September 20), the Three Gorges Energy Xinjiang 250MW/1GWh all-vanadium liquid flow energy storage project started construction. It is reported that this is the first GWh-class all-vanadium flow battery project in China, and it will be connected to the grid by the end of 2023.In the same month, CNNC Huineng released an announcement on the centralized procurement of energy storage systems for new energy projects in 2022-2023, with a total energy storage capacity of 5.5GWh. In the centralized procurement released by CNNC, one of the tenders is an all-vanadium flow battery energy storage system, with a procurement scale of 1GWh. This is also the first time in China to purchase a GWh-level all-vanadium redox flow battery project.According to the analysis of the Advanced Industrial Research Institute (GGII), flow batteries will be the most potential electrochemical energy storage technology after lithium-ion batteries and sodium-ion batteries, and the growth certainty is strong.GGII believes that the current all-vanadium liquid flow system is the most mature liquid flow technology route for industrialization, and it is also the market that is expected to explode first.At present, the important vanadium resources in the vanadium battery industry chain are controlled in the domestic upstream vanadium resources and are highl

[megaman2] 10/10/2022 15:02

I suppose the other explanation is that bmn have thrown their toys out the pram having suffered heavy dilution for the backstop they wanted to be compensated for the 18 months interest accumulated by prim and Lind that they miss out on if they just take shares . What's clear is the rns which states the reason was to "obviate" is just a lie...as always with bmn involvement lies and mistruths in rns...

[bigginge1] 10/10/2022 13:50

More complicated futility of failure

[dontay] 10/10/2022 13:39

@cl0ckwy0rk0range - I heard you'd been converted into a Jaffa Cake after the NCCL shambles!

[dontay] 10/10/2022 13:19

Regional Vice President, Global Sales at G&W Electric Co.1dI had a great week showing customers our microgrid in Bolingbrook, Illinois. People are always impressed to see our nearly 6000 bi-facial solar panels, our 1.3 MVA flywheel that spins up to 2800 rotations per minute, and of course our flow battery which is the heart and soul of the microgrid. Ask me about G&W Electric Co.'s future of power... it's pretty impressive!Https://www.linkedin.com/posts/stacy-cook-47358132_i-had-a-great-week-showing-customers-our-activity-6984681084613517312-wTO3?utm_source=share&utm_medium=member_ios

[begorrah88] 10/10/2022 12:05

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 11:29

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 11:10

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 10:26

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 10:25

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 10:18

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 08:36

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 16:49

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 09:08

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

[dontay] 05/10/2022 08:53

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/