Redt Energy Share Discussion Threads

[tradermel] 10/9/2019 23:00

It would be totally out of order for them to comment on the RTO, good or bad, it suggests nothing. What is really needed is progress on any of the projects announced before suspension. Creation of some sort of optimism and hope would only be good for the share price when its allowed again.

[pdoc] 10/9/2019 18:42

Who cares about your biased inferences ts0mev ? When you said "I have tried twice to get an update on the RTO, but hear nothing but silence. This suggests the discussions are highly sensitive and at a critical point...." you are talking complete nonsense. If you are hearing nothing then the reason is, like Johnson's mythical deal with the EU, that there isn't a deal at all. All unicorns and end of rainbows... yeh yeh. Only a month to find out what RedT have been doing since March 14 when they produced that £££; begging RNS. Six months of no action except paying themselves the best part of £400k in salaries. What a gravy train BOD we have. If it wasn't so galling I might laugh but it isn't, so I don't.

[ts0mev] 10/9/2019 12:54

1459,

I have tried twice to get an update on the RTO, but hear nothing but silence. This suggests the discussions are highly sensitive and at a critical point.... which will be one of many. I have faith in Neil's abilities here.

[greenmachine2] 10/9/2019 11:41

#1458 Tsomev. Who knows whether CEO of Avalon will takeover. We do know that people at AGM understand that Kenna is only staying to see out the Strategic Review. The RED March documents state the temp role of O'Brien, at least regarding his £60K pay. The March REDT documents do not suggest a decision making role for McGregor. The only other publicly stated non executive directorship of Farrow was revealed by RED in the light of the liquidation of Bellzone Mining in December 2017. Marren as a non exec director left RED to take up a Bursar role on the Isle of Wight, did he see the writing on the wall, who knows?

I cannot find a single case of the kind of AIM reverse takeover requiring such a proportionately large cash injection. If O'Brien pulls it off hats off to him.

[ts0mev] 10/9/2019 08:19

1457
are you suggesting Scott will be replaced by Larry Zulch?

[greenmachine2] 09/9/2019 23:49

From the March 2019 information from RED

Could it be this may play a part in any timings if any RTO does take place?

"Scott McGregor has stepped down as a director of the Company with effect from 14 March 2019. Under
the terms of an agreement with the Company dated 14 March 2019, the Company is precluded from
serving notice to terminate Scott McGregor’s continuing employment as CEO for a period of six months
from the date of the agreement, other than for gross misconduct, in which case his employment may
be terminated at any time, or in circumstances where a binding offer has been made for the Company
pursuant to Rule 2.7 of the UK Takeover Code, in which case his employment may be terminated on
the standard notice provisions."

[greenmachine2] 09/9/2019 23:29

I tried to Google aim company reverse takeovers, which were not cash shells. Little of interest came back. The one that did has had its shares suspended since April 2019 and still no agreement document. I don't think that example was raising much cash. The trouble is this reverse takeover of RED is just a Memorandum of Understanding. I am not overly optimistic.

[dlg3] 09/9/2019 22:57

Matt Harper, President and Chief Product Officer of Avalon Battery commented: “Avalon is thrilled to have partnered with Bushveld Energy for a project that both benefits our customers and highlights Bushveld Energy’s spirit of innovation. Avalon’s mission is to deliver battery solutions that are dependable, safe and economical, each a critical attribute for energy storage that will drive our electrical future. Renting electrolyte is a massive leap forward.”

[ts0mev] 09/9/2019 22:55

1453,
where did it say they had secured funding?
Was it when Scott said:

"We’ve got two different technical solutions which when combined will provide value for our customers. You combine that with US$30 million of funding, it’s very good for the industry, it’ll push flow forwards faster and in more applications across the world."

or when Scott said:

"[The merger] creates a strong player globally. Every player so far is a little bit narrow in their reach because they don’t want to be spread around the world. There’s nothing wrong with that, but this merger does create a global player: which does create scale in terms of funding, we can then get behind all of the project finance work that you need to do with insurance on the products and create the ability to deal with international companies."

Disclaimer: Scott has been known to make forward looking statements which should be taken with a pinch of salt since he nearly ruined the company.

[dlg3] 09/9/2019 22:54

Bushveld Minerals Limited (AIM: BMN), the AIM listed, integrated primary vanadium producer, with ownership of high grade vanadium assets in South Africa, is pleased to announce, that its 84%-owned energy subsidiary, Bushveld Energy Limited (“Bushveld Energy”), has enabled the successful deployment of an innovative vanadium electrolyte rental product in industrial-scale batteries developed and sold by Avalon Battery Corporation of Fremont, California (“Avalon Battery” or “Avalon”).

Bushveld Energy and Avalon Battery worked together to structure and design this specific rental product. This included creating a financial model for the product and a set of legal agreements for the transaction. The complexity stemmed from developing financial and non-financial terms acceptable to three different parties – a vanadium producer, a battery company and an electricity customer. The structures and documentation created from this project are available to both Bushveld Energy and Avalon Battery to use in future projects, making it easier and faster to execute vanadium electrolyte rentals in the future.

[greenmachine2] 09/9/2019 21:29

Make of this what you will.
It is presented as a three way interview with an Avalon Matt Harper, McGregor and Alex An of Nextracker the solar tracking company that has connections with Avalon.

If the funders are ready to supply Avalon and Redt cash though, why are we still waiting?

[ts0mev] 09/9/2019 21:12

mdalos1, I told you that in my response 1441 to your post 1440 (which you deleted).
The RTO is subject to... etc. etc. Do you think Shareholders do not understand this?

[murdo mcsponge] 09/9/2019 18:41

mdalos1 Calm down dear!

[murdo mcsponge] 09/9/2019 10:52

mdalos1. I am a shareholder, and my view is that the RTO must still be under active consideration/negotiation, because if it was not, I believe, even under AIM rules, that The Market should have been told.

Following that train of thought, my inclination is to believe that the further we go along the RTO discussion/negotiation line (i.e. the more time that passes), the more likely we are to get a positive outcome. I would have thought that if a serious impediment has arisen, we would know by now. But of course I've been totally wrong before about similar things, so don't rely on anything I say or postulate.

[ts0mev] 09/9/2019 10:32

1444
why did you delete your post 1440 which was identical and to which I responded?
You sound like a troll.
Are you in agreement with my observations?

[ts0mev] 09/9/2019 09:33

1442
I am equally concerned about dilution, however there is a difference between fundraising for RED and fundraising for both RED and Avalon.
The business was not suspended, so it remains active.
Prior to announcing the RTO, we were told it would not be profitable for another two years. This may still be the case, however the RTO is the route to increasing market share.

[paulcon1] 09/9/2019 08:55

Will the RTO go ahead? - As there are no guarantees these are trying times for long term shareholders! For me the raising of £24m may have a massive effect (dilution) on my holdings which is a concern.
The fact I cannot trade (ie sell) adds to my concern...

That said 'We are were we are' and I maintain the technology is game changing and the energy sectors move to renewable energy(and subsequently energy storage) is gathering pace.

Am quietly confident that the future is good for REDT (and shareholders) but hope it would happen a little quicker!

GLA and IMHO

[ts0mev] 07/9/2019 14:12

1440
Is the RTO actually going ahead ?
It is under discussion between RED and Avalon. The outcome (RTO or no RTO) will only be known when those talks conclude.

Edit:

from the announcement on 25th July:

"The Merger remains subject to inter alia...

further due diligence by each party,
definitive legal agreements being reached, and
a total of at least £24m ($30m) of new funds being raised to fund the enlarged business.

The Fundraising and the Merger will be subject to the approval of redT's shareholders and the Merger itself is also subject to the approval of the shareholders of Avalon."

It also states:

"Further announcements will be made in due course."

No timescales were provided.