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I'm not sure whether VDTK are targetting the floating SPV market but presumably lightweight/energy efficient SPVs would work well in this environment: https://www.greentechmedia.com/articles/read/oil-and-gas-companies-can-power-offshore-platforms-with-renewables
Cat, the comment regarding offshore platforms is an interesting one. This is predominantly diesel generator driven.
This really is a remote location and certainly off grid.
Also agree that a fundraise which is used for growth and expansion is often worthwhile. Besides that, the SP is much higher and if funding was ever raised it could be done with minimal dilution. The ideal scenario is that expansion happens with free cash flows which are predicted to be available this year or at least be cash positive as per RR's RNS comments this morning.
However, funding was in place only in May and this was not used for developing the Lainite factory for the first 20Mw as this work was completed. It also did not cost a grand amount to put the production facility in place. So on this basis the chance of a fund raise for expansion is not very high but if it did happen it would not cause significant number of additional shares, but would add value to the business. It would only be a positive.
RR gives me the sense that he really knows what he is doing commercially and has the shareholder interest and value at the root of his decisions. This is supported by the fact that he has a significant holding of just under 1% of the business so he is adding value to himself.
Until a few months ago it was prudent to be sceptical about the company's prospects: an order from Nigeria which disappeared into thin air, no orders, no revenues.... RR's appointment could be the inflection point for the company. The fact that he is expanding the Lainate factory well beyond 20MW capacity should give investors confidence that some fairly chunky orders (RTZ? IME? EAV? SAF? 2GW vertical - Offshore drilling platforms?) are going to materialise in the next few months and that the order newsflow will ultimately drive the SP higher. I still think there is a risk that we will see a capital raise over the next 6 months but if it is to accelerate capacity expansion, its not necessarily a bad thing.
eddie666. Always. But its a confidencd thing. I wished the same but as I have felt the company has derisked by signing more contracts I have averaged up along the way.
So much going on, so much potential for growth and not ton mention the JDP with Paragraf which could be a transformational game changer.
I wonder how many more mine operators, oil and gas customers, marine, agriculture and transport customers they are talking to ?
I would expect that eventually that instead of running on diesel at night customers may turn to batteries charged throughout the day from additional solar. The diesel generator will be used as back up in the instance that there is an issue.
Cash flow positive by year end.
That is a brilliant job well done.
That is the benefit of being commercially driven and have an interest in the performance of the company, hence the fact that RR holds around 2.5m shares in verditek.
Still don't want any spikes here but its looking like this will be considerably higher based on expected and actual contract news. Not considering the graphene PVs at all here at the moment. That would be mind blowing.
Yep, couldn't agree more. I said it about 2 weeks ago, the SP is going to be contract driven until they prove their business acumen, ability to deliver etc etc.
And good luck with the bub mate...... Sleep well ;-)
I filtered him too and I agree - it is lovely! I just get this green line of text like a spam alert. I think I am happy to take a break here though anyway, to concentrate on other big life changes (baby coming very soon!). Things looking up at WSG I see, good luck as ever.
Yes, today's order for VDTK seems to be the first 20% of a 100% order, or at least in theory. The real point I invested here was "the one brings several theory". Think of it a bit like West Indian bowlers running up to England batters (rabbits) once they prize out the first couple of wickets. Basically, if the tech works in the mining sector, transport sector, telecomms sector, or whatever then it really will be possible to deploy it everywhere - because it leads to costs savings. And if there really is another company out there which can maybe do 1% better than VDTK, well the only question then is only were they out selling their panels too? The person buying won't worry overly if they have just brought home some big annual savings. SO I think it is going to be a sales driven exercise now, with people on the ground for VDTK collecting new orders. That's what I think we are going to see over the coming months.
Great work from the sales team. Only a small order initially but clear to see that it will be multplied by 6 as minjng capacity expands.
Worth noting that this is only the first mining contract. There are thousands more throughout the world which could follow.
Also a very well done for having the foresight to expand capacity as they are certainly going to need it.
Great news is coming thick and fast. I had a feeling something would happen today. Missed this at 0700 but glad I checked back in.
Feeks, you don't need to exile yourself. I've just filtered DHC and it's bliss. I have no interest in what he says. Try it...... Or is tat to why you're in exile.
Great news today, I can see a flurry of these over the coming months, so it's a top up for me.
GLTAH
Thanks Feeks,
In total that would be in excess of 1.2m Euro, and the timing is the coming months according to the Rob Richards quote.
* per day.
Back to my exile. Well done investors - this is extremely bullish now.
Ok, I had to lift my self imposed ban just for this news. Note they are scaling to 300 tonnes per say which implies further orders 6x this first one.
https://www.investegate.co.uk/verditek-plc--vdtk-/rns/first-commercial-order-in-the-mining-sector/202007130700057361S/