RE:RE:RE:RE:I invested in the top vanadium mineWells Largo wrote: ...not being negaative but need to add that I forgot to say... that I had 50K of Cellcube Energy, (since the takeover of Stina Res.) and I believed through NR's that they had a pos. order book & pipeline, owned a V mine (project) in Nevada and were therefore primed for profitable vertical integration and a positive VRFB future. NADA, niente, nijchevo, nix, bust. Bushfeld just bought (parts of) their business for peanuts in September. Rgds, M. ps. Clipper can confirm this, he is akin to the story.
All true. CellCube (Enerox) management did a lousy job, and they almost caused them to go bankrupt. They had little revenue, and were over ambitious with their acquisitions. They would have gone under had Bushveld and a consortium of investors not bailed them out.
While I'm as "happy as pigs in sh*t" with the aquisition of Vionx Energy. VRFB sales will not happen overnight. We know that the VRFB outperforms Lithium-ion by a mile and they cannot catch fire. Also if potential customers are offered the "Arias Leasing Model" it will give Largo lots of revenue for years to come.
For newbies
The VRFB system stores energy in liquid vanadium electrolyte (both the anolyte and catholyte) and the electrolyte will never degrade, even after it's expected 20-25 year life. Hardware can be recycled, and the vanadium electrolyte (up to 80% of the VRFB) can be reused indefinitely.
Battery sales may take a while, but with Largo's backing I believe they will be successful. Once again we need to be patient while we watch this baby grow.
GL