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0.8¢ protean energy limited

Thanks for that information Hotrock1, I still have had no reply...

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Surandy70

10,989 Posts.

1786

03/10/19

23:58

Post #: 40716972
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Originally posted by Hotrock1: ↑

It might bounce back without a reply. however, did a bit of digging click on the links to get a much muddier picture of what goes on.
Of significance is the deal reported to be done between Canadian MGX Minerals and DST Co Ltd for Vanadium redox batteries.

Share your thoughts for this "clear as mud" scenario

October 172018, Pro active investors article
do not advertise external links.au/companies/news/207276/protean-energy-secures-controlling-stake-in-korean-vanadium-focused-subsidiary-207276.html
Jan 30 2019 announcement
https://wcsecure.weblink.com.au/pdf/POW/02069989.pdf
Jan 31 2019 article
https://unauthorised investment advice/resources/protean-banks-1-45m-as-it-completes-sale-of-kosdaq-listed-dst-co-ltd-shareholding/
Protean sell their DST shares!
note the statement ”Protean says it and DST arereviewing the future strategy for Korea Vanadium and KORID Energy “in aneffort to ensure shareholder value is maximised”.
20‎‎September‎ ‎2019‎ announcementby MGX Minerals Canada
https://www.mgxminerals.com/investors/news/2019/481-mgx-minerals-forms-strategic-alliance-with-dst-co-ltd-to-develop-vertically-integrated-vanadium-redox-mining-and-manufacturing-partnership.html
So who owns theredox battery IP? It’s clear DST Co Ltd are doing a redox battery deal with theCanadian MGX minerals. What is the connection between Korid energy and DST CoLtd?
From the POW2019 annual report
https://www.dropbox.com/s/yfo74ewauey04us/Protean%20Energy%20Limited%20-%20Annual%20Report%2030%20June%202018.pdf?dl=0
The proprietry V-Kor technology (V Redox flow battery) is 100% owned by Proteans 50% ownedsubsidiary Korid Energy. V- Kor is underpinned by 15 granted patents”
Is DST CoLtd doing a deal with MGX minerals on V-Kor batteries, Korid energy holds thepatents and Protean Energy are supposed to own 50% of Korid Energy. This dealwas reported on the 20^th September 2019. This deal should have beenreported to the POW shareholders on the basis of market sensitive informationand you could imply it being a significant related dealing. What’s going onhere?? Time for some clarity … who’s who in the POW zoo. It’s as clear as mudso far, and the shareholder value has plunged in the last 12 months. Time forthe management to put up or shove off .. where is the management ??!!! Another link to clear the thick fog … As If !! May be time to contact MGX … they may know more than we do.!!
https://www.reuters.com/companies/033430.KQ

Not Happy Jan! and Feb and Mar and April and May and June and Aug and Sept and especially now that it's Oct

It's now getting beyond a joke with non communication .. are these guys still alive .. do we have to call the missing persons squad? Who is running the company full time??

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Thanks for that information Hotrock1, I still have had no reply from the company so I instead have fired off an email to MGX Minerals to see if they can shed any light on their proposed JV partnership with DST Co Ltd (our JV partners).

If I get a reply I shall share on here.

POW Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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