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Aw makes sense tbh I was tempted myself as the rest of my investments have been skyrocketing today, but actually the whole point is patients and will never have a point where all my investments rise at the same time... Although would have been close today
RZ121 I imagine it is people selling when they decide nothing is happening ie it's self reinforcing.
Potential but when the rest of the market is rising, hard to justify watching this creep slowly down. Bought at a average 3.75p. any reason for this drop off?
WELL i will be buying under 3p as no brainer
That’s why you were shouting 10p the other day and “get ready for the launch”. It suited your agenda then.
Investmaster summed it up. To anyone new here who wants to know what expb is about:
No position: "Getting planning permission in place wont affect the sp whatsoever "
Has a position: "Having PP in place adds a significant amount of value to the company"
Untruths in your opinion IM.
Unfortunately for you, those on here with far more knowledge and experience than I (and most definitely you), tend to sit on my side of the fence.
That truth, may not be the truth you wish to hear.
I see some clouds overhead. I'm surprised you can see out of them
You get bashed expatbrat because you tell a load of untruths. Fortunately the vast majority of this expanded BB don't believe a single word you say now- as they have viewed your posts since September 18 and realise you are not a very nice person and cannot be trusted.
3 weeks till I can buy again but I will , surprised at the fall-back but it is what it is.
Here we go again. Expat bashing.
Ive made it very clear, repeatedly, that i was 'in' to trade the PP news. I suggested the 6p and the 10p targets, with the 6p almost being met, but the 10p unfortunately remained illusive. I thought the stock would gain momentum, as granting of the PP is a factual milestone, but the market saw it differently, for whatever reason.
I had this shareholding for a short time and believed in the benefits of attaining PP. It didn't mean i ever changed my position of the long term outlook for the company. It was a short term trade, of a milestone date that was know well in advance.
Consider my posts as you see fit. The very fact that Donatron, who clearly is well seasoned with VLS this agrees with many of my points (but is prepared to take some risks), pretty much sums the situation up. Stick with the facts, get your head out of the clouds and look at the fundamentals.
Roll on the Annual Results (whenever they might be...)
Donatron
"That said lots of people here would do well to recognise that this company is not a "sure" thing. If it were then the price would be many, many multiples of what it is now. There are still significant uncertainties around both financing and the waste-to-fuel application of the underlying technology."
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Agreed, made this point a while back
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"In Expat's defence, he/she raises genuine issues that several people are happy to either ignore entirely or just totally downplay. That said, they don't seem able to accept that there is a chance that Immingham and Natchez plants are actually built and operate well."
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This isn't what's going on here. Before people defend Expat they should recognise that the reason people are having a go at him isn't because of the points they make, it's because they often then spin those points and change their view according to whatever investment position they are in while claiming things such as the stock going to 10p in the short term and selling out (ironically while claiming they are here to balance the board against rampers)
People here aren't that naive, and expat isn't as smart as he thinks he is.
Many thanks Donatron. Just bought in and that is very helpful. I noted form their website that Immingham plant will have over 300 truckloads daily coming in and out so have asked the company if they will consider a fleet of fuel cell trucks which will help avoid local protests because of noise. On that point Hexagon Purus has just done a deal with Toyota that looks very interesting. I have posted links on ITM website if anyone us interested. They are also in a joint venture in China which is aggressively pursuing fuel cell vehicles.
Hmm, seemingly LSE is a lot fussier about links than II is. Anyway, you can find the article by searching for "Business Traveller" and then looking for the article entitled "Call for UK government support for sustainable aviation fuels". It was published on 2 June 2020.
Ran out of space in my first message. Here's the rest:
3) Just on the CQS point (recent RNS on divestment by their Directional Opportunities Fund), this is likely to be a red herring in terms of whether it meaningful, so I would caution against using it to justify lack of faith by institutional investors. I work for a hedge fund myself and can tell you that CQS have had a turgid March and April.
What is likely to have happened is that whoever took the position in VLS (and it's a tiny position given CQS manage $18bn across their various funds) has probably been sacked due to poor performance across their trading book this year. Many traders are being let go from hedge funds at the moment, either due to their own performance or because their funds are closing down entirely. Someone else, likely in the risk team, will have made the decision to liquidate any of the non-performing positions they left behind, likely knowing nothing at all about VLS. This is therefore not necessarily a reflection on the future prospects of VLS, but instead a reflection of the fact that the fund was sitting on a big paper loss and needed to de-risk.
Some broker then dumped the shares on the market in a short space of time. What is very encouraging is that the price actually went up while this was going on, so clearly there is demand for these shares when there is a backdrop of good news.
Anyway, enough from me. Goodnight all!
Have been a lurker here for several years, formally of the Interactive Investor board (now seemingly dead). For what it's worth I hold 1.4m shares (a little over 0.2% of the company) having first bought in back in the 98p days. I've been averaging down ever since, but am still sitting on a 6.4p average.
Thought I would finally register to mention a few points:
1) I just saw this interesting article from today that I can't see anyone else has posted:
https://www.businesstraveller.com/business-travel/2020/06/02/call-for-uk-government-support-for-the-sustainable-aviation-fuels-sector/
The group consists of almost every player in UK aviation, including UK airlines, airports, aerospace manufacturers and air navigation service providers (full list at https://www.sustainableaviation.co.uk/about-us/members/). They want matched public/private funding of £500m over 5 years (totalling £1bn) to develop flagship sustainable aviation fuel plants in the UK. A summary of their proposals is here:
https://urlsand.esvalabs.com/?u=https%3A%2F%2Fwww.sustainableaviation.co.uk%2Fwp-content%2Fuploads%2F2020%2F02%2FSustainableAviation_CarbonLeaflet_20200129.pdf&e=024c30db&h=4308b7fc&f=y&p=y
The full report is here. Pages 36-40 are the most relevant, with the Altalto project getting it's own feature on page 37:
https://urlsand.esvalabs.com/?u=https%3A%2F%2Fwww.sustainableaviation.co.uk%2Fwp-content%2Fuploads%2F2020%2F02%2FSustainableAviation_CarbonReport_20200203.pdf&e=024c30db&h=f9b2a0b6&f=y&p=y
This is clearly a powerful group and if any of that public money went towards the Altalto project then that massively derisks it from a financial perspective.
2) That said lots of people here would do well to recognise that this company is not a "sure" thing. If it were then the price would be many, many multiples of what it is now. There are still significant uncertainties around both financing and the waste-to-fuel application of the underlying technology.
Clearly I want the company to do well and am hopeful that these issues can be overcome/mitigated as appropriate, but lots of people are talking about 5p/10p/15p by and it's a bit fanciful at this point in time. With some steady news flow indicating genuine progress with financing then that situation could change very quickly (the market cap is tiny), but blind optimism helps nobody.
In Expat's defence, he/she raises genuine issues that several people are happy to either ignore entirely or just totally downplay. That said, they don't seem able to accept that there is a chance that Immingham and Natchez plants are actually built and operate well.
For me this is a 80/20 in terms of "could do well or could go bust". Hopefully that balance shifts if progress is made on funding.