Redt Energy Share Discussion Threads

[ts0mev] 19/2/2020 17:34

1847
6 billion shares? Very pessimistic.
Unless you are already a major shareholder, does it really matter? For me, the question is whether RED is a good investment or not.

[sparki2] 19/2/2020 16:10

"Very early"!

[pierre oreilly] 19/2/2020 15:46

Hope for the best but prepare for the worst may be apt.

I'm sure red will come back a lot higher than 1.65p but i think you may own a lot less shares than you do now.

[mikemine1] 19/2/2020 15:45

Spark12, "Very early indications suggest that the stock is going to come back at a useful premium over the 1.65p anticipated placing price."

What indications?

[sparki2] 19/2/2020 14:55

Back to the subject of this BB - I'm looking forward to this stock returning from suspension in the next few weeks - the energy storage sector is "hot" and, the reorganised group following the merger with Avalon Corporation, will be well structured for future growth.It will be very interesting to see how the demand builds. I have a good feeling we will be saying goodbye to the trading levels prevailing at the time the shares were suspended. Very early indications suggest that the stock is going to come back at a useful premium over the 1.65p anticipated placing price.Here's to Larry Zulch and his team putting the fun back into Vanadium Redox Flow Batteries - particularly for us, "too early", shareholders who have continued to hold the belief that there is a major growth opportunity ahead for a properly capitalised and sensibly structured company in this sector of renewable energy storage.

[dontay] 19/2/2020 14:00

19TH FEBRUARYHTtp://www.miningweekly.com/article/mantashe-says-ministerial-determinations-needed-to-unlock-irp-2019-are-finalised-and-await-nersas-concurrence-2020-02-19/rep_id:3650Mantashe says Ministerial Determinations needed to unlock IRP 2019 are finalised and await Nersa's concurrenceMineral Resources and Energy Minister Gwede Mantashe announced on Wednesday that the Section 34 Ministerial Determinations required to give effect to the Integrated Resource Plan 2019 (IRP 2019) had been finalised and were currently serving before the National Energy Regulator of South Africa (Nersa) in order to secure the regulator's concurrence.Addressing lawmakers in the debate on President Cyril Ramaphosa's 2020 State of the Nation Address, Mantashe also announced that the Department of Mineral Resources and Energy (DMRE) had received 481 responses to its request for information (RFI) for supply and demand solutions to close an immediate supply shortfall of 2 000 MW and that a Section 34 Determination for emergency power procurement had also been finalised and also awaited Nersa's concurrence."Section 34 Determinations to implement the IRP 2019 are finalised and await concurrence of Nersa. This will also enable opening of bid windows for the renewable energy power procurement and support further investment in the sector."The Minister provided no timeframes for the receipt of Nersa's concurrence, nor did he indicate whether such concurrence could arise, as has been reported, only after a public comment period.He stressed, however, that the DMRE would be guided strictly by the IRP 2019 in its procurement programmes. Besides the emergency programme, the IRP 2019 outlines that South Africa will procure 14 400 MW of new wind, 6 000 MW of new solar photovoltaic, 2 088 MW of energy storage, 2 500 MW of imported hydro, 3 000 MW of gas and 1 500 MW of new coal by 2030.The document also catered for distributed generation investments, which meant such projects could proceed in the absence of any deviation notice from the Minister.With regards to the procurement of emergency power from projects that could deliver electricity into the grid within three to 12 months from approval, Mantashe said the RFI had helped the DMRE assess the availability of immediate implementable generation options and the commercial terms expected for these projects."We received 481 responses, which include energy supply options and demand side management options for gas, liquid fuels, coal, renewables, storage and nuclear. Preliminary analysis is that some proposals can bring power to the grid in less than 24 months. It also suggests that longer-term contracting is required to ensure prices do not negatively affect the current tariffs."Mantashe also announced an easing of limitations on licensing of generation for own use of above 1 MW, which he said would mainly be used to supplement power supply to commercial and industrial customers including the mines."Installed capacity above 1 MW is unlimited. Since May 2019, Nersa has received 18 applications, totalling 116 MW, in this category. Most of them are incomplete because they lack power purchase agreements, which is a requirement to show who the consumer of the power is and to indicate connection agreements for consumers still dependent on the national grid."For those that were complete, Nersa would move to license the plants within the prescribed licensing timeline of 120 days."We met and agreed with Business Unity South Africa and Black Business Council representatives to establish a working group, led by a deputy director-general, to remove the hurdles to some of the energy projects," Mantashe announced.He also reaffirmed that licensing requirements for generation for own-use from facilities under 1 MW had been removed."Nersa has received 132 applications in this category, with a total capacity of 59 MW. Of these, 75 applications with total capacity of 42 MW are approved. The remaining 57 applications with a total capacity of 16 MW are being processed. On average, Nersa takes 38 working days to process applications for registration."To speed up the process of addressing the power generation deficiency, the Minister said that municipalities were enabled to buy power from sources other than Eskom, or to develop their own power projects for generation of own power."Historically metropolitan areas like Johannesburg, Pretoria, Cape Town, Mangaung and others had their own power generation capacity, largely coal driven. Advances in distributed generation technology make it viable for municipalities to create own-power generation or buy power from projects developed within their jurisdiction

[pierre oreilly] 18/2/2020 10:46

With that much cash, the attraction of all those things he thought he wanted but couldn't then afford probably disappears. He's probably been through all the Lambos, and i bet now drives a 2 year old fiesta so he doesn't attract attention. He's probably had all the prime lobsters he can handle, and looks forward to the day he can get some privacy and have some beans on toast. Probably spends his days worrying where to invest his couple of hundred billion, or worrying that those he pays to invest it may run off with the odd million, which he wouldn't notice anyhow.

[ts0mev] 18/2/2020 10:36

1839,
what a great guy Jeff is... How will he manage with only $120 billion?? Seriously, he could give away $120 billion and still get by on $10 billion. If not he could give it to me and I'll help him budget.

[tradermel] 18/2/2020 09:05

The little boy that cried wolf for months and months has been posting on the other thread. Anyone bothered to read it or is it more "Scott is a moron" posting? I always wondered what position he held with Red, but refused to answer, wonder why? Perhaps he got caught out spiv trading in the end. Hope so.

[chestnuts] 17/2/2020 17:31

If we were in 1980 and discussing the weather from 1970 it was a big mix especially the summer of 1976 which was one of the driest an warmest on record for that time the next 4 yrs was bloody cold so i can remember stories flying around about we were going into a mini ice age, i had a mini at the time and i had to block up the grill and take the fan off just so the car would run warm, minus 10 was not uncommon.
Houses were not well insulated as they are now and it was difficult and expensive to keep your house warm.
And i am sure history will show that all the world as is weather and it changes, its very dangerous to measure a small time frame of a living thing then to assume you can predict the future of it. And i take 150 yrs of planet which is millions of yrs old as very small time frame. Especially as our weather people only get it right about 50 % of the time

[dontay] 17/2/2020 14:13

17TH FEBRUARY 2020 Bushveld sees battery storage potential beyond EVsHTtps://www.miningweekly.com/article/bushveld-sees-battery-storage-potential-beyond-evs-2020-02-17While the energy transition is gaining a lot of traction, integrated primary vanadium producer Bushveld Minerals CEO Fortune Mojapelo laments that the battery storage narrative is "still dominated by electric vehicles (EVs)".He tells Engineering News & Mining Weekly that there is still a lack of understanding surrounding the stationary energy opportunity, which he says "is going to be bigger" than the EV market opportunity.Within this space, Bushveld Minerals believes there is "a unique and a very sizeable opportunity" for vanadium redox flow batteries (VRFBs), which Mojapelo says "speaks to the strength of the vanadium fundamentals outlook", which is supported by the demand from the steel sector with the new standards being implemented in China, where a greater intensity of vanadium use is expected.According to Mojapelo, stationary energy storage applications are expected to eclipse mobile applications for batteries within the next 20 years.It is for this reason that Bushveld Minerals is a vertically integrated company, thereby becoming a critical enabler for unlocking the VRFB opportunity in the energy storage space, particularly as the supply and cost security of vanadium, which represents a significant chunk of the cost of a VRFB, are key challenges."We think you can best solve those two elements through a vertical integration strategy, which is why we went downstream. But we also think that the commercial opportunity of stationary energy storage is huge as well," Mojapelo says, adding that the markets are fairly regulated and structured.Combining Bushveld's participation along with these benefits, he says the company's shareholders "will benefit immensely" from participating in the value chain.Mojapelo argues that South Africa "is in a unique position" – as it has, among others, the largest high-grade primary vanadium reserves in the world – to build a value-chain-intensive industry targeting the energy storage sector."We've got grade, we've got primary processing infrastructure and we've got the technical know-how from a metallurgical point of view, and we have actually got really deep metallurgical expertise in this country," Mojapelo states, adding that, just as importantly, South Africa also has a market for these.He refers to the Integrated Resource Plan 2019 (IRP 2019) and government's intention to allow entities, such as the mines, to generate their own electricity, enthusing that "the South African market for stationary storage is huge".State-owned Eskom announced last year that it wanted to procure 1 400 MWh of battery energy storage, and the World Bank has committed $1-billion, with a view to leverage that up to $5-billion - part of the target to secure 17 500 MWh of battery storage for low to middle income countries.The IRP 2019, meanwhile, has an allocation of 2 000 MW of energy storage, and has "bold commitments" to renewables, which will come with the demand for energy storage. Peaking generation allocation of 9 000 MW is a space that batteries can also play in, Mojapelo notes.Mineral Resources and Energy Minister Gwede Mantashe also recently announced that companies will be allowed to self-generate with much lighter regulatory hurdles to cross, as long as they are registered to do so. This decision also creates a massive opportunity for energy storage, Mojapelo states."You've got all of the enablers necessary to build quite a sizeable primary energy industry that's not looking only at our own requirements but that's also looking at a global market place. As a company, we hope to take the lead in that initiative."Bushveld believes that, owing to the country's reserves and market, South Africa is likely to emerge as one of the top five countries for vanadium globally within the next few years.Additionally, Mojapelo encourages industry to "think more boldly beyond just supplying the metals to make the batteries", and to rather see how the value chain of this sector can be maximised for local benefit, especially considering that $660-billion in capital expenditure is forecast to be spent in this sector over the next 20 years.To become successful in this field, he tells Engineering News & Mining Weekly that South Africa should focus on where it is heading in terms of a production base, and not consumption."As a consuming market, we'll always be fairly small. On energy storage, I think we have an opportunity to be quite big and . . . can start to see a significant increase in consumption of vanadium locally," Mojapelo adds, highlighting, however, that South Africa's opportunity is to use the resource bases, processing infrastructure and expertise that it has to build an industry that is export oriented, and is supplying the global market.This is where real growth can be achieved, he says.The Aim-listed producer has plans to more than treble its current production of ~3,000 mtV/y of Nitrovan (a trademarked vanadium nitrate micro alloy product), to about 8 400 mtV/y of vanadium products over the next four years through using its primary processing infrastructure, comprising Vametco and Vanchem.Bushveld currently produces just under 3% of the global vanadium market supply.On the road to reaching this goal, however, Bushveld intends to refurbish Vanchem and expand production at Vametco.Currently, Vanchem is operating a single kiln. A further two existing kilns will be refurbished to enable an increase in output, Mojapelo confirms.Bushveld expects to spend "modest capital" refurbishing Vanchem and expanding the production capacity at Vametco.Over the short- to medium-term, Mojapelo notes that the top investment priority for Bushveld is to increase its production at Vametco, while simultaneously refurbishing Vanchem in an effort to get it to produce about 4 200 mtV/y.Getting the Mokopane vanadium project to production will also be a key priority, as it will supply the vanadium to Vanchem. Beyond this, Bushveld intends to spend money implementing its strategy for its energy storage platform, Bushveld Energy.Relating to other energy storage initiatives, Bushveld is currently building an electrolyte plant in East London, where it will produce 200 MWh/y of electrolytes.The plant will cost about $10-million, or R150-million, including debt and equity, Mojapelo tells Engineering News & Mining Weekly.Bushveld is also building its project development team, which is essentially focused on building business cases for large-scale energy storage deployments.Investments into battery companies will also take place in an effort to establish a platform that will be used to mobilise other funding from third-party sources to support the upscaling of VRFB manufacturing in South Africa."We're targeting companies that have a proven product that is in commercial deployment but just requires scale-ups in terms of production – that is going to be quite key to respond to the current market and coming up market need, but also to help to drive the costs of the VRFBs down through economies of scale," Mojapelo adds.Meanwhile, despite environmental, social and governance (ESG) being what some call "a woolly issue" for the global mining industry, Mojapelo says this agenda is gaining traction."Many companies will tell you that increasingly the investors want to know what they're doing from an ESG point of view and that's becoming key to them being able to access capital."The big driver of that of course includes things like the need to lower carbon footprint, the need to build more shared value within the mining industry, and the importance of governance and how the industry operates."Commenting on why this is beneficial for Bushveld, Mojapelo tells Engineering News & Mining Weekly that the producer is "a business that will play a massive role within the ESG space", as its energy storage is a major ESG enabler."It's not just about how we operate and how we mine as a company, but with the products that we're generating and unlocking, we're helping an entire industry in our view to attain the ESG goals that are so important."

[owenski] 17/2/2020 09:55

One of the problems with the punters here is that they're all bleeding experts on global warming or on Flow machines but never on understanding how a basic business works.

RED on the other hand have spent years trying to make a flow machine a commercial reality at a competitive price point, all the while Lithium has become ever cheaper.

What flow machines have now come up with is, financial shenanigans to sell these expensive items, by renting out bits of it to reduce upfront costs.

[owenski] 17/2/2020 08:57

Doubt if anyone will be much better of than a penny in the pound at the next fund raise when it eventually trades again.

Shocking wealth destruction on this non business.... and all avoidable if the muppets weren't so caught up on red painted shipping containers and understood the money instead.

[guppygould] 17/2/2020 08:32

Record temperatures are indicative that something is changing, but do not imply causation. Two completely different things. I'm pro decentralising power grids into smaller, renewable energy generation sources, coupled with storage, but I also like good science. "Nullius in verba".

[tonsil] 17/2/2020 08:21

I've rarely read such crass stupidity. At what record temperature will you reconsider this. How many consecutive periods of rising temperatures does it need for you to reconsider this bone headed nonsense.

[pierre oreilly] 17/2/2020 07:44

Yes gbj, storage is needed in such quantity throughout the world that it might as well be viewed as infinite. This is completely irrespective of global warming, global warming theories or global warming alarmism. It's needed purely because of the nature of electricity grids. The problem isn't demand for storage, it's fulfilling that demand at a cost which makes it sensible to store rather than face the very high cost of not doing so ( this is largely what we do ATM, apart from dinorwig). The more intermittent generation, like wind and solar, on the grid the more storage is necessary. This is why, if/when red returns well funded, I'll probably buy back in.

[gbjbaanb] 16/2/2020 21:40

Just to let you know, I changed my electricity supplier to octopus, who have a variable rate tariff that changes every half hour depending on the wholesale price.

Last night, thanks to storm Dennis, the wholesale price dropped so much because of all the wind farm supply that was in excess of demand, that I was paid to use it.

At 3am the price reached a low of -3.35p kWh so I stayed up with the windows open and the heating on 😀

What this tells me is that we have too much renewable energy and they should really be storing it instead.

[dontay] 16/2/2020 15:37

HTtps://stockhead.com.au/resources/tech-metals-tng-is-powering-up-its-own-vanadium-battery-business/While steel is still the main consumer, there's an emerging group of mining and exploration companies betting that vanadium batteries (also called VRFBs) become big business.A low-cost, vertically integrated business model - from mining through to battery production and sales - is becoming popular.In South Africa, producer Bushveld Minerals' subsidiary Bushveld Energy is the successful frontrunner."Investing in the development and deployment of VRFB technology is a key part of Bushveld's strategy for two key reasons," chief executive Fortune Mojapelo says."Firstly, it will assist to increase the scale of adoption of VRFBs, which will increase demand for vanadium."Secondly, it provides a natural hedge for the company against vanadium price volatility."High Voltage: Bushveld backs $13bn vanadium battery outlook with redT-Avalon investment.The merger, which remains subject to due diligence by each party, also needs to raise at least $US30m to support growth plans.$US5m isn't a huge amount, but the redT-Avalon tieup would have "a global sales footprint, a robust near-term project pipeline, operations in North America, Europe and Asia, market-leading technology, and a strong management team", Bushveld says.This kind of larger-scale business is essential for vanadium battery tech to move into the mainstream.And it is companies with direct IP - like redT and Avalon - that will capture a large portion of the value created within the energy storage sector, Bushveld chief exec Fortune Mojapelo says."The energy storage market presents a very large commercial opportunity, potentially exceeding $300 billion by 2030, with the combined redT-Avalon well placed to capitalise on this opportunity," he says."This [investment] is a major leap forward in the development of our downstream energy business at an attractive price and prudent entry level."It also demonstrates our conviction in the VRFB technology's potential and our ability to meet the vanadium supply needs of the energy storage industry."HTtps://stockhead.com.au/resources/high-voltage-bushveld-backs-13bn-vanadium-battery-outlook-with-redt-avalon-investment/

[chestnuts] 16/2/2020 15:08

THe solar minimum starts in 2020, dont forget shares only change direction at tops and bottoms and no one rings any bells, and its the same with weather patterns.

[ts0mev] 16/2/2020 13:58

Tonsil, this is where I disagree. 11 year solar cycle and mini ice ages are too short. Give me at least 200 years of data that shows the trend. Yes, it is probably too late by then, but the relatively short duration measurements are leaving sceptics on the fence.

[tonsil] 16/2/2020 12:15

There is an 11 year solar cycle and then there are much longer super cycles depending on orbital position. We are at the minimum in the 11 year cycle this year. The mini ice age when the Thames froze was called the Maunder Minimum. JHAT on YouTube does a good video on this sort of stuff. (Just Have A Think)If we can get record setting temperatures in the solar minimum year then lord help us at the solar maximum.