BREAKING Versarien’s Neill Ricketts tells another lie as he prepares to break podcast cover: placing ahoy
I have been on hols the last few weeks in the UK, but could not miss the disruption resulting from the power outage on the grid on the 9th August. Being the sort of chap I am, it did not take me long to turn my thoughts to which small cap companies could be beneficiaries of this. I came up with one – RedT Energy (RED). But its shares are suspended pending an RTO finalisation. Bugger! Meanwhile I can rant a bit awaiting its re-list on where we are and why...
RedT Energy (RED) “is pleased to announce that its 1MWh vanadium flow / lithium-ion hybrid energy storage system is now installed and operational at a site in Melbourne, Australia”…
RedT Energy (RED) “is pleased to announce that it has raised gross proceeds of £5.03 million (before expenses) from institutional investors… to progress delivery of its current pipeline and provide the time to attract strategic partners to support and finance the continued growth of the business”…
On tipping shares in redT Energy (RED) at a 7.4p offer price in July we noted we looked for German project funding and other orders to drive a re-rate. The shares are currently higher, above 9p, on the back of an “Update on German Grid Project Funding”…
RedT Energy (RED) has announced results for the first half of 2018, with CEO Scott McGregor emphasising that the company “has validated its commercial and grid scale energy storage solutions with the recent deals in Germany and with Anglian Water and the UK public sector confirming the suitability of redT's technology for both ‘mega projects’ at grid level and as a long-term infrastructure solution for the Commercial and Industrial sector”…
RedT Energy (RED) has announced that “as part of a competitive selection process, the company has been selected as a preferred supplier of energy storage solutions for UK public sector projects”…
RedT Energy (RED) has announced an initial commercial order for four Gen 3 units from East of England water and sewage company Anglian Water alongside a collaboration agreement to optimise energy storage across its water utility facilities…
We let you into a secret. We were looking at two stocks as the share tip of the month. It was a coin toss as at last night...
RedT Energy (RED) has developed a machine based on vanadium redox flow battery technology for deployment in the commercial and industrial energy storage sector. Unlike the majority of its flow battery peers, RedT’s machines have already been deployed in a number of field test environments with first commercial sales occurring at the end of 2016. So this is a real company. VSA is house broker so clearly biased but analyst Edward Hugo has this morning published a very detailed 25 page note.
Andrew Monk of VSA Resources was today explaining in his private daily email why RedT Energy (RED) was his nap share tip of the year. Now bear in mind VSA acts for Red T but Monk is a principled sort of fellow and if he says he believes in something he really does. As such it is over to the Monkey who writes:
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