Redt Energy Share Discussion Threads

[vauch] 25/3/2020 07:49

More like one for the add list

[guppygould] 24/3/2020 14:11

Unsurprisingly. I've just run the numbers and a ~4p average would only be begining to break even at ~300p after the consolidation takes place, if we only consider the shares that are already in circulation, so I think that this is likely to move up past the 82.5p price.

[vauch] 24/3/2020 12:42

Still on the move up

[guppygould] 23/3/2020 19:17

Nice find gerd, there has to be real news soon!

[gerd212] 23/3/2020 16:06

The Forever Fuel Company

Strange "inkblot" Logo?

[mikemine1] 23/3/2020 15:41

I actually wrote to the Secretary of State this weekend supporting the good doctor and outlining the benefits of vanadium flow batteries. I really can't understand why RED continues to call them machines which might be technically correct but, from the marketing and PR side, is most confusing and not useful. I also suggested that vanadium batteries should be mandatory for solar farms situated near places with high density population. I gave him/her, can't tell gender, details of RedT so lets hope they are contacted. Maybe some of you might want to do the same thing.

[mikemine1] 21/3/2020 12:22

There is plan for huge solar farm not far from me in Kent. Here is one of the objections and concerns storage. Ideal opportunity for RED to nip in here.

"Newton Place Surgery on the Health Issues arising from Cleve Hill

Open letter to The Rt Hon Alok Sharma MP, Secretary of State for Business Energy and Industrial Society, 1 Victoria Street, London SW1H OET A signed paper copy has been sent

Proposal to build a 350MW Solar Power Station with 700MWh Battery Energy Storage System at Cleve Hill, Graveney, Kent

Dear Secretary of State

I am the Senior Partner in the largest GP practice in Faversham, Kent . We serve a population of 18,500 patients, and a large part of the population of the village of Graveney is on our list. I am writing on behalf of the practice to urge you to decide against the above proposal on the grounds of the dangers to health, and indeed life, associated with the proposed Battery Energy Storage System (BESS).

When I first joined the practice, 29 years ago, one of my patients was a veteran of the first world war, who was still suffering the effects of chlorine gas: I think this proposal needs to be considered as having the potential to inflict a gas attack even worse than that which he experienced.

You will be aware from the report of the NSIP Examination that the proposed Lithium-ion BESS will be the largest in the world by a factor of five. Moreover, the installation will be within one mile of the village of Graveney and its primary school, and less than two miles from the historic market town of Faversham with its population of 19,000.

Lithium-ion Batteries

It is well established that Li-ion batteries are prone to runaway fires which can lead to explosions. Indeed, such fires at much smaller installations in the USA has led regulators to question the use of such batteries and pause further developments, especially close to habitation. The larger the BESS, the greater is the risk of a runaway fire. In the event of a fire Li-ion batteries emit a cloud of highly toxic Hydrogen Fluoride which can spread at dangerously high levels over distances of 1-2 miles, enveloping the town of Faversham and nearby coastal communities. These effects were modelled in detail in evidence to the Cleve Hill Examination.

Toxicity of Hydrogen Fluoride

Hydrogen fluoride goes easily and quickly through the skin and into the tissues in the body. There it damages the cells and causes them to not work properly. The gas, even at low levels, can irritate the eyes, nose, and respiratory tract. Breathing in hydrogen fluoride at high levels can cause death from an irregular heartbeat or from fluid build-up in the lungs. At lower levels breathing hydrogen fluoride can damage lung tissue and cause swelling and fluid accumulation in the lungs (pulmonary oedema). Eye exposure to hydrogen fluoride may cause prolonged or permanent visual defects, blindness, or total destruction of the eye. People who do survive after being severely injured by breathing in hydrogen fluoride may suffer lingering chronic lung disease.

I am extremely concerned that the potential hazards associated with such a large BESS pose an unacceptable risk of death or long term illness to the population which is served by Newton Place Medical Practice.

I, therefore, urge you to decide against this proposal.

Yours Sincerely, Dr Alastair Gould
Senior Partner
Newton Place Surgery
Faversham

[vauch] 20/3/2020 19:35

You could ask the question on LSE but post the question on the BMN chat forum they seem to be well informed. As BMN have taken over 7% in the co

[paulcon1] 20/3/2020 18:22

Same here, It seems to turn out that way... 1.65p or more by end of next week would be good! (For private and institutional investors)

I have not done my homework on Avalon, does anyone know how this merger will benefit both companies and what Avalon are bringing to the table ie new contracts.

GLA

[gbcol] 20/3/2020 16:49

That's my thinking as well Vauch. Think it will be around 1.65p by the cut off date in a weeks time. I've seen that happen before with placings/ open offers. I've gone bold on this and picked up 4x my basic allocation for an average around 0.8p. I was sitting on a fair loss beforehand, some of which I've clawed back based on today's share price At 1.65p or the consolidated equivalent of 82.5p I'll be basically back to breakeven, with hopefully more to come. It's been a tough ride so far but get this over the line and we could be up and running.

[sparki2] 20/3/2020 16:46

Nice buy Vauch - you were fast out of the blocks!

[vauch] 20/3/2020 16:34

I am also heavily invested in BMN so like the mix with this.

[vauch] 20/3/2020 16:33

Interesting day on this one and not a lot of chat. looking forward to the 1.6
As you say Spark I had to take a chunk at .7 when I read the placing price.
I do believe this will be walked up to and past the placing in the next week.

[sparki2] 20/3/2020 10:20

When shares are being bought by "institutional investors" at 1.65p in the Placing it is not often, in my experience, that retail investors are then given the chance to buy in the market at a substantial discount to that price. An opportunity not to be missed? FWIW one that I have taken advantage of!

[vauch] 20/3/2020 08:19

Sanity at last, the only worry is to do with spelling

[jodrell13] 20/3/2020 08:04

Thanks Vauxhall’s, some people cannot Spell

[vauch] 20/3/2020 07:20

Is their likely to be an RNS with some fantastic deal released a day or two before the placing hits the ground

[vauch] 20/3/2020 07:18

Some people don't read the RNS

[gbcol] 19/3/2020 18:38

Gerd is factoring in the 50:1 consolidation that happens at the same time as the placing (or more accurately immediately after). So yes 1.65p equates to 82.5p post consolidation.

[jodrell13] 19/3/2020 18:27

Gred, you seem to be under the same illusion as some of the posters of the past,82.5 wow get real man.thats the size of a lottery win, for some long time holders!!!

[jodrell13] 19/3/2020 18:27

Gred, you seem to be under the same illusion as some of the posters of the past,82.5 wow get real man.thats the size of a lottery win, for some long time holders!!!

[ts0mev] 19/3/2020 17:44

Vauch,
Under Neil O’Brien’s revised appointment letter the Company shall pay him an annual salary of £60,000.
Larry will be on $180,000 (about £150,000) as CEO.

[vauch] 19/3/2020 16:01

Ts, to get it into a 2 mill working capital and have a bumper pay packet most likely using up the 2 mill

[ts0mev] 19/3/2020 15:58

Mr O'Brien has agreed to defer his fee in full until the earlier of 31 October 2021, or the Company having improved its working capital position by £2 million.
Mr Zulch has agreed to defer his salary in full until the earlier of 31 October 2021, or the Company having improved its working capital position by £2 million.
So what is their incentive?