George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I’ve lost my shirt on VLS, my underpants on PHE and my socks on EQTEC…. I’m done with SAF & green energy stocks, I’ll concentrate on other investments with a proven track record. I don’t have the stomach anymore for a gamble.
Lightrock*
Just here to
watch all this unfold, just as I’ve been banging on about for years. No development experience, no demonstration plant, poor management equals no investment - this is the outcome.
I strongly suspect Lightroom won’t follow through on this unfortunately for the same reasons.
"the Consortium has indicated its intention to provide the Company with SIGNIFICANT ADDITIONAL FUNDING (which would be available to the Company following completion of the Possible Offer) to meet its growth capital needs (the Possible Offer and funding together the "Proposal")."
So how much do we reckon is this 'Significant additional funding' then? As that is a key part of what a counter-offer will have to come up with too, not just beat the £4m valuation. £20m? £30m? In order to get the matched funding and the grants etc to keep things going it'll have to be at least this much I'd imagine. £40m is small change for an oil major or the likes of Rolls Royce.. but are they remotely interested, that is the question.. maybe now there's an offer on the table, they might be.
Typo.
offer.
Lightrock anticipated a other of 0.25 would tumble the s/p, just a starting point, to help ongoing talks, this has 20% recovery , maybe,
gla .
I can't help but worry that we might see a repeat of the punt a lot of people took with Debenhams on the day that everyone expected Mike Ashley to come charging to the rescue and bail Debenhams out, and it was like a free bet that it would only go up in price... well, he didn't and the shares went to zero.. what if Lightrock pull the plug or they fail to come to an agreement? What if VLS get a counter-offer which then falls through, but Lightrock have already stepped away, leaving them with nothing? It's a risk for sure.. but worth a small punt at these prices maybe.. the govt should get involved to try to save this I would think at some point too, especially given all the announcements over the weekend and with the Autum statement on Wed.
Fortune favours the brave :)
Worth a punt,
in.
gla
I said something was up last week when there was a sharp fall in the SP with few sales. The mm's know all and they knew something like this was on the way.
My personal guess is that the deal wont get closed and the company will go into administration.
Another "green" take venture which will lose everything. A bit like electric cars and rubbish heat pumps. Piles of both than people refuse to buy. Who knew that in many areas heat pumps need planning permission?
Done our dough here and its painful. Luckily I bought some in the 30's and sold them all in the 80's. Helps a bit.
Wait till it drops below .25p if you are going to take a punt here on any counter offer. It likely will drop to those levels later today or tomorrow but unlikely to get below the .25p offer imo, so maybe worth a punt.
Jeez sharehodlers have lost so bad here, OMG. ffs
Yes good points, so might be worth chucking a few more quid at!
It reads BoD still exploring alternative options, so at this stage this just an initial offer which they are obliged to RNS. Watch this space, there has been a buyer over the last few weeks willing to pay upto 0.9p..gla
I'm not sure I agree with that comment on the Oligarchs but more importantly is it worth sticking a few £K in?
I know they need funding but at just over £4million it looks like an opportunistic offer from Lighthouse and stealing VLS for a song. I say that given all the multi millions it would take anyone to get where they are at plus intellectual property.
It must be worth more to an Oil company and most looking to up their ESG credentials and moving towards Net Zero. Most it has to be said after high oil prices are flush with cash.
Likely downside. Yes all shares can in theory fall to zero but presently Lighthouse are offering 0.25p
Decision, decisions...
Decisions, decisions...
Issue I can see, management hold next to no shares. It's surely in the best interests of the management to pursue offers at lower price but with more cash funding promised going forward to keep the lights on.
HW in particular has been repeatedly criticised previously for never making sizeable share purchases, the wages he will make from the company continuing will dwarf what he will lose from a lower sale price
It's because of those oligarchs that VLS is struggling to get the funding they need to stay in business. The banks won't touch them because of their connections to said dodgy Russians and their connections directly to the Kremlin.
It's a shame they sanctioned the Oligarchs for there is one who if I remember correctly has always been associated here and who would have snapped VLS up at this price.
What I think is the most striking part of todays announcement is that they haven't even been pursuing any plan B.
Is it though worth a couple of £K speculative punt on someone else with deeper pockets coming out the woodwork. I know VLS needs funding on to but just over £4M seems so, so cheap...
The companies seeking to take over Velocys are also private firms which means people can't get even get exposure by investing into the companies taking over Velocys!
What does everyone make of this line?
This announcement has been made by Velocys without the consent of the Consortium.
Is this something mundane or is it that this is a way of putting ourselves up for sale to generate other bidders?
Surely there is another buyer interested here, otherwise how do we justify buyers last few weeks up to 0.9p???
Yep, accept or lights out.. All we can hope for is some other suitors quickly come out of the woodwork with counter-offers now that this is going to slip away from them. There must be some other green companies out there who will be kicking themselves if they let this slip away from them for the relatively small sums involved.
Yes sir. This is always problem with investment in company with cash issue. Technology good & exciting BUT business need cashflow. This important with breaking technology if clean fuel like VLS
This why always main investment in proven asset like oil AND strong cash position / revenue. Why I invest in MATD but pick other example if you like.
Lightrock see chance & take it but all shareholder who support company get legally Rob of investment with offer level but this is business's world.
Spot On I'm afraid. Sorry to all shareholders.
They say clearly "UNLIKELY" to raise sufficient funds"
What do you think this means?