First post for CellCube..
What’s going to happen to CellCube - a long term vanadium flow battery associate of AVL since back in the mists of time and still one of CellCube’s “
most important partners”?
In the spoiler;
After the mists of time had done its’ stuff (up to now) a ‘big name’ Vanadium producer over in South Africa - Bushveld - ended up owning all of Cell Cube.
….. and then last year there was a move by that Bushveld crew to put Cell Cube into the primary ownership of London-listed, Mustang Energy
(led by Dean Gallegos who was briefly a director at AVL
[ref])
— Only that went pear-shaped, and Bushveld’s been in quite a difficult financial position lately.
- Last November 20 it announced it would sell Cell Cube … but not to Mustang;
https://www.miningmx.com/news/ferro...lcube-shares-as-embarks-on-strategy-overhaul/
And the same report says it had received a crucial financial bail out;
… So Bushveld spent Christmas in a bit of hot water, despite that it was given an extension to that deadline until the end of this month;
..Bushveld's existing convertible loan notes have been extended to January 31, 2024, and the convertible debt obligations of approximately $46.9 million have been refinanced.”..
https://www.miningreview.com/battery-metals/bushveld-minerals-orion-to-refinance-convertible-loan-notes/#:~:text=Bushveld's existing convertible loan notes,loan, and a supplemental royalty.
So there’s value in Cell Cube to a company that clearly wants to cash in on that asset?
Who will buy?
Are we one of it’s most important Australian partners?
But only last June
@Azzz shared a Twitter link in which CellCube maintained VSUN/AVL was “
one of our most important Australian partners”
View attachment 5900335
….. So whatever happens next in regards ownership and factory sites, I guess the AVL team are maintaining a close interest?
Cheers
(20min delay)