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If VLS spent more on future improvements, XPB would have been banging his drum about the management squandering money and them not concentrating on scaling up the tech they have. VLS is going to be judged on the success of Altalto the same way Nikola will be judged on the delivery of Nikola Two in 2023. It's a story stock and there is no harm in putting the focus into making the story a good one.
Realistically SAF is a great tech to bridge the gap between fossil fuels and fully renewable flights so see it as a solution for now that will be suitable for maybe the next 30-40years which would be about the life of a reactor given the life of similar reactors around the world. No need for any further R&D developments on that, just debottleneck the manufacturing process and pump them out turn over some good revenue.
When Altalto comes online in 2025 it will bring shareholders at these levels especially very handsome returns. Long long long term who knows, we may have electric planes by then or someone who can make a plant twice as efficient. Not really a care for any of us in the next 10 years is it.
Keep trying to deramp just don't quit your day job, unless of course deramping is your day job? Hmmmm
NoSense. You've completely missed the point. VLS has grand plans to roll out loads of these plants across the world, over many, many years. At some point, someone builds a better mousetrap, and those grand plans are in the bin.
Replace the word VLS with the word apple in that first paragraph and see how biased and ridiculous you sound.
"Apple have some good tech, but it won't always be good enough. As soon as somebody else comes along with better tech apple will be stuck. They won't be able to sell their tech" hahaha
Back when VLS first started it was a very different company, trying to be all things to all people and had completely different management team. The world has changed drastically since then also and as that happened they changed and their vision changed and those particular investors sold out and the SP dropped.
Now what did the "high-class institutional investors" invest in earlier this year in the 5x oversubscribed placing?? I think you'll find it was the waste to fuel business model they now have.
VLS are adapting and evolving and so far have made all the right moves, partners and have a clear roadmap to achieving their goal and you hate it.
The good news is, it's not too late to stop shorting and to buy & hold before the big compound growth comes. Good luck !
Pipe down Sean. I don’t really think you ‘get it’. VLS have some good tech, but it won’t always be good enough. As soon as somebody else comes along with better tech, VLS will be stuck. They won’t be able to sell their tech, nor will they be able to finance a plant of their own that incorporates their tech By that point it’ll be too late to relook. VLS should have stuck on their path of technology development imho. This is what all the II’s bought into back in the day, and not this desperate attempt to develop half billion pound projects that aren’t even proven.
They're transitioning from being a technology developer expat which is something you seem incapable of grasping.
If they had spent loads on R&D & not cut costs you'd be slating them for not cutting operational expenses. There's no winning with you either way but you've been thoroughly exposed on here now for what you are.
The games up expat. How about you go get on with your life instead of spending it on this bulletin board, especially since you aren't even invested here lol
A company invests in technology development to stay current and ahead of the competition. They spend the next 4 years trying to develop a project, meanwhile a competitor gets ahead in the FT space and VLS never sells another reactor again. A technology developer should never stop developing its technology.
And here's the doomgoblin right on cue to spin a positive into a negative SMH.
Why would they invest in their technology development anymore, they've proven their FT reactors at scale and are now spending money on debottle-necking the manufacturing process of them which makes perfect sense as FT reactor use is predicted to grow significantly in the next decade and that alone will increase revenue for VlS. Also They are transitioning from an R&D focused company to one bringing commercial success.
Reducing operating losses by 48% is a massive step forward and hugely positive news for investors.
The reduction in operating losses could be viewed as a positive in one sense, but negative in another. Positive is obvious; they aren’t spending tons of money on internal development and focusing on projects, however the negative view is that they are no longer investing as much in their technology development. Don’t forget that VLS are still a technology company, with no track record in project development, so it’s a risky play to shift away from your core business.
Can anyone enlighten me as to what this pargraph of the financial statement is saying please:-
"The Company recorded a total of £7.5m deferred revenue at 30 June (31 December 2019: £6m) of which £7.1m related to the sales of reactors and catalysts to Red Rock Biofuels. The relevant performance obligations are expected to be met in 2021 once the plant is in commissioning."
It reads as if there is a very large deferred payment due next year?
Other takeaways, balance sheet significantly strengthened with a 5x oversubscribed placing. Operating losses reduced by a MASSIVE 48% Y on Y & Revenue for same period up £160,000
Company making great progress in UK, US and making inroads to Japan with their tech proven and likely to pave the way for waste to fuel plants there also.