Redt Energy Share Discussion Threads

[mikemine1] 12/11/2019 10:56

Donate, if you are providing a link you have to alter the https bit or it doesn't work. I change the h to H and it works for me. I don't know why this is the case on this website.

[dontay] 11/11/2019 22:20

https://youtu.be/p3QUjIL1rJQ Crux Interview with BMN CEO Fortune Mojapelo and Mikhail Nikomarov, CEO of Bushveld Energy.

[zero the hero] 11/11/2019 14:41

More free advertising, shame RedT are not able to capitalise

[owenski] 11/11/2019 09:30

parsons - why?

[pdoc] 11/11/2019 09:28

A few more months doing nothing at a board remuneration rate of £777,000 per year will seal it alright. Not as if there is any chance ever, at all, in a blue moon, in a months of Sundays etc. of selling any of this stuff or earning a revenue._____ All recent fundrasies into the pockets of the BoD for doing nothing. Why not just call it a RedT tax - that is much more like it? One thing this shower of a dying company is not is an investment - AIM or otherwise. Just everyone steer clear - McGreggor and his mates appear more and more like carpet baggers selling snake oil than anything to invest in.

[ts0mev] 09/11/2019 20:21

Brucie5, I totally agree with your first point. RED has liquidity issues and, as it currently stands, its survival is questionable to say the least.
That said, I believe that Neil is seeking funding at a level which, if successful, will secure the future of RED. Living hand to mouth with constant commentary on here over the need for fundraising throughout each year is not where I want to be. Hopefully we will hear news soon, however my guess is we may have several months yet before we will hear news.

[brucie5] 09/11/2019 15:44

ts0mev
9 Nov '19 - 15:05 - 1591 of 1592
0 0 0
Brucie5, could you please explain your reasons to invest in BMN rather than RED direct? It would seem that both are down and movement (up or down) has a direct bearing on the other. What am I missing here? Thanks
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tsomev, any AIM share trading at 1p with acute liquidity issues, and lack of clarity over whether it is to survive, is a bargepole proposition in my book, though I have long been interested in REDt, and have even told friends of mine about its technology, about which I have no doubt.
BMN by contrast is in a very different place; not without risk, obviously, but as a larger entity with access to vanadium it is now trying to secure the vertical, including OEMs, and given the teething problems of the latter, it is in position to pick off the best deals. If RED is to survive, now will have been the time to invest. They may decide to take up to 20% , and so become the main strategic investor.

From what I can see BMN is also in good shape and appears on Stocko's 'Greenblatt
magic formula screen, comprising..
'Return on Capital (which Greenblatt argues is the best determinant of whether a business is a good one) and Earnings Yield (his favoured measure for cheapness).

[ewanwhose] 09/11/2019 15:28

To answer for myself, I invested in RED as a punt on Vanadium flow as a technology. RED seem unable to commercialise it so BMN would be a punt on the industry more generally.

[ts0mev] 09/11/2019 15:05

Brucie5, could you please explain your reasons to invest in BMN rather than RED direct? It would seem that both are down and movement (up or down) has a direct bearing on the other. What am I missing here? Thanks

[zero the hero] 07/11/2019 15:02

Preaching to the converted, I know, but it all helps build pressure and if the new company takes off, will be in a good position to take advantage

[parsons4] 07/11/2019 07:40

owenski can you let us know any companies that YOU are invested in please ?

[owenski] 06/11/2019 13:50

For posterity.... Full figure breakdown, correctly in GBP, posted 13th March, the following day the fundraise happened.... Pretty good timing and the dilution and subsequent further dilution and lock in could've all been avoided if anyone had just bothered to understand.... Sadly, zero the muppet was an incompetent fool.

"owenski - 13 Mar 2019 - 08:28:03 - 4035 of 4376 Redt Energy - a moderated thread - RED
Figures from results reported in GBP by RED

Any profit here was made by Camco

Last HY without Camco, RED revenue was a miniscule 0.2m

HY Admin was 5.5m ex Camco. Headcount has more than doubled at this point.

FY circa 11m in operating expenses.

Cash at June 2018 3.7m

5.03m raised 03 Oct. 2018 - Gross - expenses unknown but likely to be 250k.

Last estimated cash burn = 0.91m/month, if expenses has remained stable - unlikely, they are still advertising positions and have taken on a director since.

Interims were end of June = 3 months till Oct. cash raise = 1.03m remaining cash

1.03m cash + Oct cash raise (Gross, expenses not deducted) 5.03 = 6.06m

With estimate for expenses deduction from fund raise, cash circa - 5,75m

= 6.3 months worth of cash burn.

From 03 Oct. to 03 Apr. is six months.

They wont leave a raise till the pot is dry, so they're cutting it fine already."

This business was always high risk and insolvent

[owenski] 06/11/2019 13:16

Yet another wake up call, bit of a sobering read -



Reality check time vs "A glimmer of hope" that the idiot - zero the muppet - still clings to. lol

[gbjbaanb] 06/11/2019 11:37

Nothing new, nobody is selling flow batteries because of problems getting the companies going with the new tech, and lithium is hugely marketed as the only option.

Times today are like petrol engined cars a decade ago. If you said you'd bought an EV you were laughed at. Give it time. Though obviously that doesn't help red any!

[pdoc] 05/11/2019 19:47

That's not noting anything there is it now? That is just copying and pasting an illusory RNS about a company that is in the throes of becoming extinct. The best part of that is "...subject to completion of the Merger and the Fundraisiing". ----------- Quite how far are we down the line of these 'merger talks'? Still no merger, still no funds... Ha ha. You have been had or you are a stooge.

[zero the hero] 05/11/2019 11:10

A tiny snippet of info in Red on this:

[brucie5] 04/11/2019 17:30

tsomev, thanks for highlighting the text above. I think it suggests that BMN will be watching the situation develop before they take that 20% controlling stake; but also that they already envisage that as a strong possibility. Viz.

"In addition, for so long as Bushveld beneficially owns at least 20 per cent. of the issued Ordinary Shares, it shall have a right to nominate two members of the Company's board."

And for your final question, yes, BMN are in position to think otherwise, and opportunistically, to get into this share at what will perhaps be the lowest inflexion point in its journey to success - should it succeed! I think it will, but not necessarily to the direct benefit of current shareholders. Which again makes the BMN route possibly the wisest.

I have bought back into BMN.

[ts0mev] 04/11/2019 16:34

1584, thanks.

I also noted from the RNS:

"redT has also agreed, subject to the completion of the Merger and the Fundraising, to grant Bushveld a right of first refusal to supply vanadium products to the merged business for two years, and thereafter subject inter alia to Bushveld continuing to beneficially own at least five per cent. of the issued Ordinary Shares. Bushveld will also, subject to it continuing to beneficially own at least five per cent. of the issued Ordinary Shares, have for one year from completion of the Merger and the Fundraising, the right to nominate a member of the Board of the Company. Bushveld will retain that right after one year provided it beneficially owns at least 10 per cent. of the issued Ordinary Shares. In addition, for so long as Bushveld beneficially owns at least 20 per cent. of the issued Ordinary Shares, it shall have a right to nominate two members of the Company's board."

BMN would be the largest shareholder.

I completely agree regarding RED not being investible entity at this time. BMN must think otherwise?

[brucie5] 04/11/2019 16:00

1580,
Brucie5, can you please explain "BMN also now becomes an integrated vertical"?
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They will now be looking to supply vanadium to an OEM in which they now have an (increasing?) interest. For RED as standalone, the price of vanadium had previously been a concern; for BMN, the continued solvency of the VFRB OEMs is crucial during this transition-breakthrough stage in the emergence of the technology.

Accordingly, my best route back into VFRB technology is via BMN, which also represents some degree of indirect involvement in what's left of REDt. But for me, RED is not really in itself, at this stage, an investable entity.

[ts0mev] 04/11/2019 15:33

1580,
Brucie5, can you please explain "BMN also now becomes an integrated vertical"?

[dontay] 04/11/2019 15:04

CTO... it's a failure-to-file (results on time) order.

[dontay] 04/11/2019 14:43

https://www.marketscreener.com/CELLCUBE-ENERGY-STORAGE-S-43428045/news/CellCube-Energy-Storage-IIROC-Trading-Halt-CUBE-29510998/CellCube Energy Storage : IIROC Trading Halt - CUBE11/04/2019 | 08:34am ESTVANCOUVER, Nov. 4, 2019 /CNW/ - The following issues have been halted by IIROC:Company: CellCube Energy Storage Systems Inc.CSE Symbol: CUBE (All issues)Reason: CTOHalt Time (ET): 8:00 AMIIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions© Canada Newswire, source Canada Newswire English

[brucie5] 04/11/2019 12:42

parsons4 4 Nov '19 - 09:42 - 1578 of 1579 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
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Parsons, yes, seems like the best route back into REDt and VR technology is now via BMN, who can now begin to take whatever interest they wish in REDt/Avalon, with far less danger to their capital than the likes of us! BMN also now becomes an integrated vertical, thus mitigating the risk that seemed always present to the OEMs like RED, that the price of vanadium would make its business difficult.

[zero the hero] 04/11/2019 10:42

Despite my negative statement on the PAST of Red on 1573, I would have a similar opinion as Parsons4 although that will be dependent on how my positive trades elsewhere pan out.