Interesting times for Cell Cube, AVL’s long term associate and Lumina Project battery stack supplier.
According to the following link, a big stake in it has been for sale for a long time : https://www.miningmx.com/news/ferro...lcube-shares-as-embarks-on-strategy-overhaul/.
But, perhaps knowing African vanadium producer, Bushveld Minerals has been in serious financial trouble ( with low vanadium prices and bad debts) there were no takers.
The company was recently put into administration with last ditch hopes it could be saved.
Now, however, as of a fortnight back, it’s officially the end of the road for Bushveld and assets are now being liquidated.
https://www.miningmx.com/news/ferro...eld-minerals-which-will-be-delisted-from-aim/
Who will scoop up more than a quarter share of Cell Cube I wonder?
And what price will they pay?
Any guesses?
(I am thinking US Vanadium may make a move given the solid US backing Brian Menell (chairman and CEO) is able to attract through his leadership at Techmet?)
…Or Invinity?
Not AVL I don’t think, despite the long association and current contract as a) it’s got ‘ no cash ‘ and b) is frying other fish.
Cheers
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