Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The FT is the crown jewel. In reality for commercial success VLS needs Altato Immingham to be a success desperately for it's long term future. But the reality is that if Altato is a success it's 1 plant that can be replicated a thousand times over. The FT of VLS is the golden goose and Altato is the first golden egg.
Expatbrat: I agree as it is understood that the FT technology comprises the reactor and the catalyst.
Also, bp invested $30M in Fulcrum which uses bp/JM technology.
I agree that big oil is pivoting to renewables. Only this morning BP made a big declaration on their new strategy. As always seems to be the case, Shell always follows BP’s moves, so I suspect something similar from Shell in the not too distant future. The problem for VLS is time. it’ll take time for Shell to restructure, which include laying 1000’s of staff. Only once this is all done and dusted, will they look to commence their new ambitions.
I personally don’t see Shell investing much in AltAlto. The value to Shell is the VLS technology. But as it’s a chicken and egg scenario, as without AltAlto there is no real commercial service evidence (forget ENVIA, that was just a large demo plant).
It appears that anyone with a bit of money can appoint an engineering firm to design, build and operate one of these refineries. Vls just manages the firm and brings their tech to the table. If Shell owned the VLS tech, they could build their own waste to fuel plant. Or on a lesser level, just license the VLS tech and build their own plant.
Remember that the only real value VLS has is their FT technology and nothing more.
Someone really wants out today, continues to push it lower and lower and lowe.. the offer is almost down a fully penny from the 7.12p it was on the open this morning and he keeps knocking it lower and lower and lower. Buyers keep absorbing all the sells though, which is good to see.. XPB, brainfart re. BP, was thinking BA... but the fact BP are talking about such a huge divestment in to renewables will get Shell's attention and they hopefully will display their support for Immingham a bit more prominently.
11:08:37 6.40 300,000 19.20k
BP investing in VLS? So you know something we don’t?
Someone is actively hitting the bids in size.. 63,500 at 6.52, 200,000 at 6.50p, 88,500 at 6.50p. Good bid below at 6.40p (200K), but the MM sitting on the offer at 6.58p has been sitting with 60K for days, keep reloading whenever it is taken. I wonder does the story about Lansdown shutting some of its biggest funds have anything to do with this big seller? News came out about a month ago, but it could be possible, given Landsdown's investment in VLS that more of their funds had also invested smaller amounts and now they are having to liquidate? Just a thought as to why we have this relentless and persistent seller keeping it from going anywhere.
The 50 day MA sits at 6.83p, which held it back yesterday, we need to get back over that to carry on higher.. 6.97p is the next hurdle to try to overcome, it will take us back on to the uptrend from the May lows through the July recovery attempt and we could see it advance a bit faster once over that.. The trendline resistance held it twice yesterday, early on at 6.84p and later at 6.88p. After that, the next targets are 7.12p (Fibonacci level) and 7.76p (Fibo level and support/resistance in June and July)
The 50SMA on the hourly has acted as support the last few days (around 6.42p) and the RSI and Stochastics are starting to point upwards again. I thought we might get a little push higher today from the BP announcement about divesting into renewables, but I guess it's sort of old news, we need specifics on their investment in to VLS for it to help us..
My buy of 15,000 is definitely showing as a sell.
all buys showing as sells