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POW, PROTEAN ENERGY LTD
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post Posted: Mar 3 2020, 12:16 PM
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In Reply To: joules mm1's post @ Mar 2 2020, 09:51 PM

How's that LCT trade working out for you? lol



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What did Uncle Mel do to us?
 
joules mm1
post Posted: Mar 2 2020, 09:51 PM
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In Reply To: surandy70's post @ Mar 2 2020, 09:21 PM

the market in general is in reset mode, the ASX200 has a long way to go to reset the large monthly uptrend

if you were to take the stake you have currently placed in this vehicle and project forward, from the time you first became stuck in the same price range within this vehicle, ask yourself
where could that stake be (re)placed given the opportunities that are currently emerging, versus, the probability that you'll still be in the same price range in another 12 months when the current/coming opportunities have moved on





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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
surandy70
post Posted: Mar 2 2020, 09:21 PM
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Slow to release relevant news because their joint venture partner is doing stuff without their knowledge.

Some investigation shows that this company has not had a CEO or MD since mid 2019 and in fact appear to have zero executives or staff?!?!?

Looks like they are pretty much in care taker mode sitting back letting DST Co Ltd, their JV partner, do all the work for them.

 
surandy70
post Posted: Feb 21 2020, 08:49 PM
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In Reply To: surandy70's post @ Feb 7 2020, 11:19 PM

And today the company finally announces the deal with Margaret Lake Diamonds! Bit slow of them.

 
surandy70
post Posted: Feb 15 2020, 08:56 PM
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So MGX Minerals have made use of their listed subsidiary Margaret Lake Diamonds to be the vehicle for their joint venture agreement with KORID Energy to build a factory to manufacture V-KOR vanadium redox flow batteries. So the previously discovered announcements from MGX in September 2019 relate directly to this transaction.

MGX believe the MLD related actions, share consolidation and capital raising should be able to be completed by mid April 2020 and expect to break ground on building phase one of the battery factory by mid year 2021. They expect demand will result in factory expansion but at this stage it is unknown if and when demand would require that.

MGX may make use of future vanadium production from Daejon to supply the electrolyte for their batteries. With a view to possibly supplement that with future vanadium production from other locations like Nevada and Canada (I forget where in Canada they mentioned).

DST seem to believe that the factory at the centre of Protean’s Perth trial of the V-KOR VRFB are still utilising the battery two years later.

From my enquiries to date Protean Energy currently appears to be a largely inactive silent investor with 50% ownership in KORID and Korea Vanadium (100% owner of the the Daejon project) with KOSDAQ listed DST Co Ltd holding the other 50% and exerting control.

I have sent emails and rung Protean and spoke to Matthew Foy. In relation to what Mr Foy said as well as the publicly available information I have read from MLD/MGX and DST I have also sent emails to MLD and DST to clarify some details. My first email to MLD was indirectly answered in their market announcement on 10/2/2020 which gave a breakdown of the recipients of the 20m MLD shares. My latest emails were only sent yesterday with no response as yet.

As per the MLD transaction Protean will have an indirect interest in 50% of the 7.5m shares to be issued to KORID. Existing shareholders of MLD do not seem too keen of the transaction with their shares closing this week at $0.025 vs a preconsolidation transaction value of about $0.046 per share. Meaning that it may be difficult for MGX to get the consolidation and capital raising through (these are preconditions of the transaction).

 
surandy70
post Posted: Feb 11 2020, 09:31 PM
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In Reply To: joules mm1's post @ Feb 9 2020, 09:57 AM

There was an update from Margaret Lake Diamonds overnight giving the breakdown of the aggregate 20m shares being issued:

KORID, as to 7,500,000 Consideration Shares; DST Co., Ltd. ("DST") (KOSDAQ: 033430), as to 7,500,000 Consideration Shares; and LKAT Co., Ltd. (LKAT") as to 5,000,000 Consideration Shares. Each of DST and LKAT are shareholders of KORID.

To the best of my knowledge POW still has 50% ownership of KORID Energy so post transaction that gives them an indirect interest of 7.5% of Margaret Lake Diamonds.

 

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joules mm1
post Posted: Feb 9 2020, 09:57 AM
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In Reply To: surandy70's post @ Feb 8 2020, 11:19 PM

thanks, surandy
missed this" Protean Energy Ltd. will receive an aggregate 20,000,000 post-consolidation shares of Margaret Lake in consideration for the exclusive technology license and technical assistance in design "
raises the question how come no annoc from protean, not an ongoing royalty
at .004 what is the likelyhood a boutique fund manager is going to be interested in a shell that's barely solvent and clearly non-communicative to its holders
a consolidation is more likely, the value of the vanadium inground has not proven to be more than average grades in a heavily falling market and despite how good the batteries (i'm an ardent fan of the science) protean have not shown any feet on the ground in pushing the tech other than an instal
the price reflects the sentiment of the market based on the performance of the company not the product, same with BRN same with TTT, all proven science of some extent .......the market determins likely future income, the market drivers are the fund managers in this instance, there are plenty of far-sighted boutique fund managers around

.....and the price is .004






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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
surandy70
post Posted: Feb 8 2020, 11:19 PM
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In Reply To: joules mm1's post @ Feb 8 2020, 08:19 PM

Okay, perhaps this will give you more information:

Margaret Lake Diamonds Announces Joint Venture with KORID Energy Co. Inc. for Vanadium Redox Flow Battery Factory
VANCOUVER, BC / ACCESSWIRE / January 27, 2020 / Margaret Lake Diamonds Inc. ("Margaret Lake" or the "Company") (TSX.V:DIA)(FKT:M85) and KORID Energy Company Inc. ("KORID"), a subsidiary of DST Inc. ("DST") (KOSDAQ: 033430), are pleased to announce a joint venture to construct a factory (the "Factory") in the United States for the purpose of producing Vanadium Redox Flow Batteries and energy storage systems (the "Joint Venture"). Executives of Margaret Lake and KORID along with past and current officials of the State of New York met in New York City for the signing of the joint venture agreement. The planned Phase I capacity of the Factory is 50MW output and 200MWh of storage.



Pictured standing from L to R: Yunki Kim, President, DST, Kyonglock Na, Head of R&D,KORID, Jason Kuh, Vice-chairman, DST Group, George Pataki, Former Governor of NY State, John Kerry, President, John Kerry Energy Solutions, Neil Foran, CFO, Margaret Lake. Seated L to R are Paul Kim, Chairman DST Group and President of KORID, Jared Lazerson, CEO and President of Margaret Lake.

Opening remarks by John Kerry and former New York Governor George Pataki are available at https://youtu.be/KIre7TMNb5k

JOINT VENTURE

The Joint Venture grants exclusive global rights to KORID's proprietary vanadium redox battery technology, with the exception of Korea and Australia, to Margaret Lake. In addition, KORID will provide technical assistance for design, construction and operation of the Factory. In consideration Margaret Lake has agreed to the following terms:

Margaret Lake will complete a consolidation of its outstanding shares on a 1 new share for every 5.468 old shares basis, resulting in shares outstanding of 10,001,205;
Margaret Lake will raise $5,000,000 at a price of $0.25 resulting in an issuance of 20,000,000 post-consolidation shares of Margaret Lake;
KORID, DST Inc. and Protean Energy Ltd. will receive an aggregate 20,000,000 post-consolidation shares of Margaret Lake in consideration for the exclusive technology license and technical assistance in design, construction, and operation of the Factory.
The Joint Venture will be implemented pursuant to the terms of a Joint Venture Agreement between the Company and KORID dated January 13, 2020. Implementation of the Joint Venture is subject to a number of customary closing conditions, including the approval of the TSX Venture Exchange. The Joint Venture is an Arm's Length Transaction under the policies of the TSX Venture Exchange.

Factory Design

Preliminary factory footprint, process flow, equipment and personnel requirements have been completed by KORID for Phase I of the Factory with an annual output capacity of 50MW and 200MWh of storage.

Battery Design

KORID's proprietary Vanadium Redox Flow Battery has been developed and tested over the past 10 years and is patent protected. The flow battery design allows for limitation of storage only based on the capacity of the electrolyte tanks versus the fixed capacity of lithium-ion. The battery is non-flammable and non-explosive. There is no degradation as a result of cycling, partial charging, or time with a 100% depth of discharge and projected lifetime of 20 years. Battery efficiency is currently rated at up to 80%. The battery is scalable into the MW-range through simple parallel connection of multiple units. The systems are shipped in self-contained weatherproof and securely protected housing. The systems can be managed and maintained by remote or online maintenance through intelligent battery management. Temperature management and climate controlled containers eliminates weather impact on energy efficiency.

The battery is composed of four primary components: electrolyte tanks, cell stacks, power conversion system (including control system, communications, inverter, electrical wiring, etc.), and pumps / balance of plant equipment (Figure 1). The systems are designed for containerized deployment in twenty or forty foot containers. The forty foot design has a capacity of 100kW output, 400kWh capacity.


Figure 1

Cell Stack

KORID has manufactured four cell stacks to date including 2.5kW, 5kW, 10kW, and 25kW (Figure 2). KORID has developed and is currently testing a 50kW cell stack for high usage industrial and grid scale utility and renewables applications.


Figure 2

Grid Scale Mass Storage

Designs have been completed for a 3.6MW output system (Figure 3) to meet the demand for grid scale applications. There are a variety of applications to support both renewables and existing infrastructure as well as energy security. Placing batteries at substations or near high demand areas reduces need for new infrastructure such as transmission lines, substation capacity, and traditional power plants or hydro dams. Generated power is often wasted in the night only for a lack of battery capacity. Grid scale energy storage systems allow for charging at night during very low demand times (off peak) and release that energy during the day during peak demand reducing the need for new transmission lines or power plants. This both increases overall efficiency and provides backup/standby power for energy security and a robust and efficient energy infrastructure.


Figure 3

About KORID Energy and DST Inc.

KORID is a subsidiary of DST Inc., a publicly traded company listed on the KOSDAQ Exchange in South Korea. It operates the following businesses: Automation Machinery, Mining and Metals Development and Processing, along with other diversified businesses. Its products and services include energy storage technologies, equipment for the automobile components industry, food processing equipment, mineral development and processing, rental services, and others. The company was founded in 1995 and is headquartered in Changwon-si, South Korea. For more information visit www.ds-t.co.kr.

About Margaret Lake Diamonds

Margaret Lake Diamonds Inc. (TSX.V: DIA) is a Canadian technology and strategic metals exploration company focused on construction of Vanadium Redox Flow Battery Factory and Vanadium Exploration in the United States. The Company continues to maintain an interest in its mining properties.

Contact Information

Jared Lazerson
President and CEO
jared@margaretlakediamonds.com
Web: www.margaretlakediamonds.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.

SOURCE: Margaret Lake Diamonds Inc.



View source version on accesswire.com:
https://www.accesswire.com/573840/Margaret-...Battery-Factory


ACCESSWIRE
January 27, 2020 - 5:00 AM PST
News by QuoteMedia
www.quotemedia.com

 
joules mm1
post Posted: Feb 8 2020, 08:19 PM
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In Reply To: surandy70's post @ Feb 7 2020, 11:19 PM

not likely to make any signif diff to Protean

the pdf is a rehash, the bulk of the pdf is a cut n paste of previous release that included POW, this time around it doesnt include POW

thru the various guises the company has gone thru and it's tendency to be shtoom with invsetors the company is just as likely to morf into a new form again
...the last one was a promising wave energy gizmo that fell to bits

regurgitating shell .......if gold price gets high enough in price they'll probably go into mining



--------------------
. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
surandy70
post Posted: Feb 7 2020, 11:19 PM
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Could this be a big mover?

POW has yet to announce anything of value for months but their JV partner, KOSDAQ listed DST Co Inc, in KORID Energy last month announced that they had formed an agreement with TSX Venture listed Margaret Lake Diamonds to build a vanadium redox flow battery factory in upstate New York using KORID's IP!

http://margaretlakediamonds.com/wp-content...resentation.pdf

 
 



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