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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Redt Energy Plc | LSE:RED | London | Ordinary Share | GB00B11FB960 | ORD EUR0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 52.50 | 50.00 | 55.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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04/11/2019 09:42 | Well have not posted here for a long time. Lost money on this one but they do have a great product and are first in this space (probably one reason for the failure apart from very poor management). Anyway a new chapter has begun, I am buying into Bushveld who seem to be successful in there own right, but getting a big holding in the NEW REDT. The UK needs to increase their renewable energy (on the news this morning) what better way than using the products of REDT. I aim to build up a substantial holding in BMN as the story unfolds GLA | parsons4 | |
04/11/2019 08:43 | The Bushveld involvement is an interesting development though. Bushveld BB know-it-alls used to insist Bushveld already were set up for sales and in no way would entertain Red, and yet here they are. | zero the hero | |
03/11/2019 17:45 | Quite the little rant there. Do your friends at RedT know about your temperament? Getting personal is no good at all. You have produced no counter-facts of course, just statements that my facts are wrong. Well, they are not wrong----------RedT has produced and sold next to nothing in years. It begged for money in March 2019 and again months later in September 2019. In the meantime it has sold nothing whilst the BoD paid themselves 100s of £K [based on the £777,000 they paid themsleves last full accounting period). It has been said that some of this £777,000 annual BoD payment doesn't count. You what??? It counts alright - it comes from the coffers of RedT if you hadn't noticed. Since end July 2019 there has been no share trading or accountability. In Novemember we are told that the suspension will last months more and that once lifted, something like 9 months after suspension,it might all be for nothing anyway. If it is lifted and this limps on, the method of survival is for one company to borrow at 12% and lend it to RedT to pay for 'expenses' (BoD salaries). ----------- I hope we are all looking forward to the Oxford Superhub... f'na f'na. "The project will involve the installation of the world’s first transmission-connect | pdoc | |
03/11/2019 11:33 | Very well said ts0mev. | murdo mcsponge | |
03/11/2019 11:28 | Pierre O'Reilly, why would you even entertain a response to someone as false as pdoc? His posts are only aimed at trying to discredit me. Pdoc knows nothing and deals only in lies and false claims that cannot be proven either way. Investment advice from someone that constantly includes one time payments on the BoD remuneration, hoping that investors will not check his "facts" is heading for a fall the moment the merger is a success. The only saving grace is probably the fact that any losses, which I assume must have been significant for such bitter ranting, is that you can't lose twice. Pdoc's words are worth less than the paper that RED would need to make to keep the business afloat. The only one convinced of the lies that he writes do not understand that they are only puppets or more likely other avatars of pdoc. Sad person trying to destroy the credibility of others with nothing but exaggerations and lies to offer. Did I get that right? | ts0mev | |
03/11/2019 09:31 | There is no plan to give any money to RedT ts0mev as you are well aware. The word loan says it all - "...redT has agreed an interim loan of up to US$2.5m (£1.9m) (the "Interim Loan") from Avalon to fund ongoing working capital requirements and expenses relating to the Merger via a monthly drawdown schedule." To fund ongoing working capital and expenses = BoD remuneration._______ | pdoc | |
03/11/2019 01:46 | Dontay, with all due respect you need to stop reading too much fiction. None of what you state will happen. RED is not handing over its business. Don't you think there are legal obligation here? Just because you know what business RED is involved in it is often over a year or more that RED have built such relationships. Avalon having only some details would not be speaking to or have the contacts with RED's customers to enable them to do anything let alone suddenly have access to all confidential negotiations. My company has been involved in numerous mergers. Those that didn't happen did nothing other than waste time and money. The latter is being funded by Avalon. Bushveld loaned the money to Avalon who gave half to RED. If RED fails, Avalon has to pay back the loan. RED would only be liable for the loan that Avalon made. | ts0mev | |
02/11/2019 16:14 | From RNS: "redT has agreed an interim loan of up to US$2.5m (£1.9m) (the "Interim Loan")" | pdoc | |
02/11/2019 15:52 | The loan is to Avalon not red... and if the merger doesn't get done, red will go bust and under this deal... BM's loan will convert to Avalon shares! In the meantime Avalon are being given comprehensive access to all parts of red's business as part of pre-merger dd processes. If the loan fails, guess who would, with BM's backing and financial support be in fav position with all the inside knowledge, to acquire and continue with the whole of red's business... for relative peanuts? If it does go ahead then fine for all, but BM will have it covered both ways... and will have been more than alive to the prospects of red disappearing. The prospects of the ongoing business continuing under a 'combined new ownership' with red completely out of the picture will have no doubt also have been seen as rather tempting and compelling. | dontay | |
02/11/2019 13:24 | Good to see that BoD have more time to draw salaries whilst remaining wholly unaccountable. Note the subtle shift though - rather than paying themselves from a another round of share issue, this time they are paying themselves from borrowed money. Nice doings - mortgage out the company to raise money to pay own wages and do precisely nothing about making new and closing previously agreed deals.----- This company has dodgy written all over it. | pdoc | |
02/11/2019 11:42 | Avalon would not throw money into a sinking ship. Further they will want the merger to conclude as quickly as possible so that RED can get back to focusing on the business. The interim funding conceded too much so hopefully Avalon are a strong partner in negotiations for the bigger fund raising. In other news it seems there is only one thread for investors. ZtH, why would Avalon want this merger? It has to be a win-win otherwise they are equally losers. Try not to be so negative. | ts0mev | |
01/11/2019 16:42 | Well its interesting hold for the future and it certainly gives holders hope of regaining some value to their holdings. Bushveld making this investment really gives the company access to verified rental of Vanadium should the prices of the Ore rise again (which it will if the technology takes off) Shame its leaves the company in suspension for yet another 3 months. Shame about the massive dilution. Shame the full picture is not being revealed This will be an interesting watch after suspension. 1.65 or 0.165? | zero the hero | |
01/11/2019 15:13 | https://www.energy-s | dontay | |
01/11/2019 15:01 | Bushveld Minerals Ld - Deployment of Vanadium Electrolyte Rental ProductRNS Number : 6530B10 June 2019Bushveld Minerals Limited("Bushveld Minerals" or the "Company")Bushveld Energy and Avalon Battery Innovate with Vanadium Electrolyte RentalBushveld 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. Avalon's customer, Santa Cruz Westside Electric Inc., doing business as Sandbar Solar & Electric ("Sandbar"), a leading Santa Cruz, California-based installer of commercial, industrial, and residential solar photovoltaic ("PV') systems, recently installed a solar PV mini grid at its 11,500 square foot facility. Sandbar incorporated an energy storage system consisting of three Avalon Vanadium Redox Flow Batteries ("VRFBs") for full independence from the electric grid. Sandbar chose to rent the vanadium electrolyte component of the Avalon batteries from Avalon, rather than purchase it outright, due to the cost efficiencies of the Bushveld-Avalon rental structure. Batteries that use vanadium electrolyte to store energy have a major advantage over competing battery technologies as vanadium does not degrade, therefore, the performance of electrolyte batteries does not deteriorate with age. Renting the electrolyte reduces capital costs, and essential consistent performance reduces overall costs, making VRFBs the most dependable, safe, and economical battery for energy storage systems. The rental structure makes commercial sense for both battery manufacturers and vanadium producers and the residual value of the vanadium is essential to making this structure economically efficient. The majority of the challenges in implementing the product commercially were not financial but legal, including title ownership and risk allocation. Considering the uniqueness of the product, it was also critical to draft a legal agreement that current and future customers would be amenable to. Mikhail Nikomarov, CEO of Bushveld Energy commented: "Renting electrolyte is only practical with vanadium because the metal does not degrade after its useful life, one more reason that vanadium is the preferred mineral for energy storage systems. We are pleased to partner with Avalon Battery for commercial deployment of a concept that has been in development for a while, but not successfully implemented. Now vanadium takes its place alongside gold, silver, and platinum, as a metal that can be leased, opening up immense future opportunities for this model." 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." Scott Laskey, Founder and CEO of Sandbar commented: "Energy storage makes renewable energy a resource our customers can use when they need it, not just when they make it. However, the upfront cost of high-quality energy storage batteries like Avalon's has kept some of our customers from making the investment. Renting electrolyte makes energy storage truly economical." | dontay | |
01/11/2019 14:39 | 3 Oct 18 redT RNS:Placing update and looking for strategic partner.'It is redT's aim to actively seek out one or more strategic partners with global reach to support and fund the significant opportunities we are successfully developing. This approach will de-risk delivery compared to funding growth solely from existing equity shareholders, who have been extremely supportive to date.' | dontay | |
01/11/2019 14:20 | A huge project in the pipeline that is now more than likely to progress if the merger goes ahead:https://redten | dontay | |
01/11/2019 12:45 | In a lot of ways a very positive RNS, in reality, given the circumstances, as much as LTS's could have hoped for. Basically though (a) three months more share suspension (b) Huge share dilution (c) long term future NOT guaranteed GLA and IMHO #cautionarytale | paulcon1 | |
01/11/2019 11:58 | "Subject to Bushveld continuing to beneficially own at least 5 per cent of the ordinary shares of the merged entity for one year from completion of the Merger and the Fundraising, it will have the right to nominate a member of the board of the merged entity. Bushveld will retain that right after one year provided it beneficially owns at least 10 per cent of the merged entity. In addition, for so long as Bushveld beneficially owns at least 20 per cent of the merged entity it shall have a right to nominate two members of the board of the merged entity"Larry Zulch, CEO of Avalon Battery, commented:"Avalon and redT combine to create the world's preeminent flow battery company."With the owner of the world's largest high grade vanadium resources behind them, their ability to achieve that and handsomely reward their new partner, has certainly received a significant boost". | dontay | |
01/11/2019 11:43 | SP Angel Daily NewsToday 10:27Bushveld Minerals* (BMN LN) 22p, Mkt Cap £254m – Support for RedT – Avalon reverse takeover to gain strategic interest in growing VRFB maunfacturer(Bushvel | dontay | |
01/11/2019 10:28 | Surely it wouldn't do that unless it knew that other supporting finance would come in behind it? | murdo mcsponge | |
01/11/2019 10:25 | Bushveld is securing a 'shop' through which to sell its Vanadium product, it also doesn't want to shoulder all the risk so wants to form an investors pool. | owenski | |
01/11/2019 10:20 | RNS Number : 9569R1 November 2019Bushveld Minerals Limited("Bushveld Minerals" or the "Company")Strategy for partnering with Vanadium Redox Flow Batteries companiesBushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer, with ownership of high-grade vanadium assets in South Africa ("Bushveld"), is pleased to communicate and outline in greater detail its previously announced strategy for partnering with, and investing in, vanadium redox flow battery ("VRFB") companies. Implementation of the strategy is led by Bushveld Energy, Bushveld's 84% owned subsidiary, focused on three business lines covering vanadium electrolyte, VRFB manufacturing and VRFB deployment.Highlight | dontay | |
01/11/2019 10:14 | Bushveld Minerals Limited Support for redT - Avalon MergerSource: UK Regulatory (RNS & others)TIDMBMNRNS Number : 9564R1 November 2019Bushveld Minerals Limited("Bushveld Minerals" or the "Company")Support for redT - Avalon Merger and Potential Strategic Interest in Resulting EntityBushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer, with ownership of high grade vanadium assets in South Africa ("Bushveld"), is pleased to announce that it has agreed to support the merger of Avalon Battery Corporation ("Avalon") and redT energy plc ("'redT") (the "Merger") with interim funding of US$5 million which will give Bushveld the opportunity to acquire a strategic interest in the merged energy storage company.In July 2019, AIM-quoted energy storage provider redT and Avalon, a North American-based vanadium redox flow battery ("VRFB") manufacturer, announced their plans to merge. The resulting business will be a leading player in the growing energy storage market. Traded on AIM in London, the merged entity will have a global sales footprint, a robust near-term project pipeline, operations in N | dontay | |
01/11/2019 09:54 | RedT Energy PLC Proposed merger and interim funding secured 01 November 2019 | noirua |
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