Mustang Energy Share Discussion Threads

[begorrah88] 09/8/2023 13:45

This line made me laugh out loud!!'....deferred until Readmission takes place....'So, long run up taken & can booted well & truly down the road with no suggestion of any time frames or guidance.DG pulls of another indefinite £10k per minth!

[jonny_wright] 09/8/2023 08:12

At this point I'd be delighted to get anything back at all, if this reopens I'll be selling at 08:01am whatever the price - I need to move on for the sake of my well-being.

[begorrah88] 08/8/2023 07:13

I think we are now moving into criminal territory.

To take everyone's money and fail to do the very first thing you said you would - issue a prospectus - for over 2 years is a shocking scandal but to then hide from your own shareholders, not reply to any enquiries, completely miss dates to update the market [dates that you came up with] & go missing with peoples money demands investigation.

I've contacted the FCA to ask what is going on. Don't expect much but a light needs to be shone on what has gone on here.

At least with other AIM scams [Afren etc] people at least got a chance to take money out, even if it was with dramatic losses, as the debacle unfolded, but here they just took the money & ran away.

[megaman2] 04/8/2023 09:39

Bmn investor meet new CEO just notes Garnett control and inevitable bmnn dilution ..suggesting the Garnett dilution terms kick in meaning no must



Refused to comment on must cln or must ..
Not focused on be carve out
Very much sounded like must is dead

[begorrah88] 04/8/2023 08:08

What a shocker! No news at the start of the day.In keeping with every single timeline DG put out & failed to meet.Probably get an RNS after close saying everything lost & then DG can scurry off to the pub laughing at all the mug punters who funded it all.

[megaman2] 01/8/2023 07:57

Well cellcube neeed to raise money it's more of a question if must can previous suitors Lind and prim elected bmn.shares.

Bmn are potlesss..

Suppose it comes down to if they can raise funds and at what price or is the dilution terms Garnett are offering better or equivalent ...

Bmn and acacia will be heavily diluted here they will choose the route of least dilution. Either list and raise or dilute via via Garnett paying the required cellcube funding ..

Now Garnett is in control they could call for funding asap if they want which would potentially render must finished as the are unable to move in time. They probably never even sent anything to the FCA ..
Just a massive hoax ..

[begorrah88] 01/8/2023 07:09

It wouldn't surprise me at all if we either don't hear anything within 7 days as DG said he would, as he really does like to miss every single deadline, or that we get a statement saying they have given Garnet 31 days to respond to their enquiries at which point they will review the CLN's & update the market [but they won't until a further 31 days has passed].

Any way for DG to keep that £10kpm income train rolling.

[jonny_wright] 31/7/2023 13:16

I wish I wasn't a shareholder of this, I don't think I will even get the opportunity to sell

[megaman2] 30/7/2023 10:30

Not looking good no mention of must in Rns and provisions made for the lack of availability of funding via dilution suggesting must isn't going to re-list even without Garnett ..

Absolute shambles missing deadline after deadline and keeping shareholders in the dark

[begorrah88] 28/7/2023 07:39

....The Company will update shareholders in the next 7 days on subsequent developments....


Well that's another £2500 in DG's pocket then.

All paid for by those shareholders he's kept in the dark.

[begorrah88] 28/7/2023 07:37

So now Gallegos has put out an RNS saying they note the BMN one!!!

Is he really going to claim he knew F. All about it and only found out this morning? and that for the last month+ he has just been waiting a return call?

Incompetence on an extraordinary scale.

[begorrah88] 28/7/2023 07:33

Doesn't look as though Gallegos even knew that MUST weren't going to be part of the future. Garnet have probably blanked him completely.

Either that or he's known for a while but was too ashamed to tell shareholders.

[begorrah88] 28/7/2023 07:06

Hey Gallegos!!!!

Read the BMN update and FFS update your own shareholders.


28 July 2023

Bushveld Minerals Limited

("Bushveld Minerals", "Bushveld" or the "Company")

Enerox Update

Bushveld Minerals Limited (AIM: BMN), the integrated primary vanadium producer and energy storage solutions provider, announces that VRFB Holdings Limited ("VRFB-H") has received notice from Garnet Commerce Limited ("Garnet") regarding its option in Enerox Holdings Limited ("EHL"), which wholly owns Enerox GmbH (Enerox).

Transaction details

Garnet has given notice to VRFB-H that it is exercising the option set out in the RNS dated 12 April 2023(1) , to pay to EHL, or directly to its subsidiary, Enerox, US$3,250,000(2) , in return for shares in EHL that will result in Garnet holding 60% of the issued share capital of Enerox and VRFB-H holding the remaining 40%.

1. Subject to obtaining approval from the Austrian Minister of Labour and Economic Affairs under the Austrian Investment Control Act and notification, if required, to the Austrian competition authorities

2. less the amount of any interim funding provided by Garnet to Enerox prior to completion of the option

Until completion of the option Garnet will have certain limited rights to direct the affairs of EHL and Enerox. The parties have also agreed to amend their existing joint venture agreement in relation to EHL, in particular so that:

On the basis that Garnet will own 60% of the issued share capital of EHL, it shall have the right to appoint a majority of board members to EHL.

Any further funding required by EHL or Enerox, if not available from third parties, shall be made by Garnet and VRFB-H pro rata to their shareholdings, save that if one party is not able or willing to participate in such funding then it will be diluted accordingly.

Garnet and VRFB-H will procure that EHL and Enerox will continue to deal with Bushveld Energy Limited ("BEL") whose assets are in the process of being carved out from Bushveld Minerals Limited ("BMN") and shall agree to terms on which:

For six months BEL will retain its rights of first refusal to supply electrolyte to Enerox projects subject to offering best pricing, after which BEL will instead be provided with the right to bid on any such projects and Enerox will not grant a right of first refusal to any other third party; and

Enerox will support BEL in completing installation and provide ongoing contracted support for the Bushveld Minigrid.

[begorrah88] 25/7/2023 15:29

DG able to pocket another £10k before having to come clean about his failure to get a prospectus out.I'm sure we'll hear about how hard he tried & how it disappointed they all are that they weren't able to close it out.The reality being DG has, for 27 months, been unable to put a prospectus together (his main job & purpose in all that time) or explain why not.All the distraction, & patting himself on the back for absolutely pointless shuffling of the deckchairs on the Titanic, has been a complete irrelevance & nothing more than an egotistical chase of a dream at someone else's expense.He may try & kick it further down the road as I'd imagine this will be the last well paid gig for continual failure that he is likely to get.

[begorrah88] 14/7/2023 08:41

Can't be many stocks where a crypto scamming post looks as though it would have been a much smarter investment!!

[begorrah88] 13/7/2023 15:43

About time somebody checked DG's office in Oz to see if he has done a runner months ago.Might just be littered with empty fosters cans & McDonalds wrappers.

[begorrah88] 04/7/2023 13:16

DG still happy to hide from shareholders while milking £10k per month from the rotting carcass of MUST.The whole board ought to hang their heads in shame about what's gone on here.

[megaman2] 03/7/2023 11:32

As normal disgusting communication here ..

Prospectus approval and fundraise commitment deadline gone and absolute silence ...

[jonny_wright] 03/7/2023 09:39

At this rate I'd be happy just to cover my broker fee, kicking myself tbh for not taking the 130% profit I had here

[megaman2] 30/6/2023 18:09

Yes if we are lucky ... This will be a money pit if it sees daylight again and the people involved with it are clowns .