GREY:CECBF - Post by User
Comment by
wetcoastdaveon Nov 22, 2018 2:05pm
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Post# 29010783
RE:RE:RE:They will never made a dime..bankrupt this year...
RE:RE:RE:They will never made a dime..bankrupt this year... Here is my query to the company and the reply (in italics):
The upsurge in Vanadium pricing has affected the economics of manufacture of your storage systems I presume. Do you have a stockpile held for manufacture bought at a lower cost or a contract for future purchase?
Also, your upcoming spinoff allows a 20% off take at a set price but development of that mine could be years away.
The increase in Vanadium prices will have an impact but it will be partially offset by a new version of our battery that will be released in Q1 of 2019. It will be more efficient and increase the storage capacity of the battery. We are considering a number of options relative to our sales and vanadium supply—I can’t comment further at this time.
The spin-off mine may be closer than you may think because of the ease in separating the vanadium from the carbonaceous shale. It is far less involved and less expensive than obtaining vanadium from traditional sources.
In my opinion CUBE remains a very good and viable company with tremendous upside. Our other company, EnerCube is working well and is projected to yield significant profits in 2019.
I hope this helps. Thank you for being a shareholder. Feel free to keep in touch.
Brian Stecyk
Director
CellCube Energy Storage Systems Inc.
2 51221 Range Road 265
Spruce Grove AB T7Y 1E7
780-953-0111