Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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@Convb
Aside from SAF, another US green-technology stock to check out is NVVE (Nasdaq)
It's in the can at the moment, but it has potential to recover hard and fast, IMO :-)
Share price rose to mid teens on signing the agreement, would make complete sense to be back to those levels (factoring in the placing) for a binding offtake so we have a LOT of road to go yet.
Add to that the advancement in legislation in EU/UK/US compared to then and it's looking the best it ever has for VLS
Woah, a pretty strong start today! :-) My cost average, after my final buy of last week, was about 5.36p. So I'm already up by over 8.5% on VLS this morning at time of writing. Let's hope the surge is sustained :-D
Nice buys showing, strong start, upwards we go ,
Can you please give me ll which producers? Thanks
Watch the US producers this week ;))))
Hope some of you followed my advice of which US producers to buy a few months back ;))))
All looking very positive moving forward, happy to add a few more and hold.
This bill only benefits those who actually have the ability to deliver a project. Sadly, VLS are not in this camp. Now, they may get a few reactor orders from other developers, but this is just a ripple on the pond.
The Climate Bill has passed the house and is on its way to Biden's desk to be signed. We were held down by the 150-day MA all week around 5.69p, but we're coming to the apex of a bullish pennant and a little jump higher on this news Monday could well see it shoot up to the 6.50p level or even 6.92p..
True Wilco, but it's not just the financial support from grants. Things like planning permission, and associated bureaucratic guff, has always been fast and buttery smooth for VLS in the UK. (Of course this is typical for an enterprise which is "liked" by the folks in power.)
My bet is £15m...
Market Viking - totally agree
Will be very interesting when the Advanced Fuels Fund is divvied out in November to see how much of the £165m Velocys get. Not even a question as to whether VLS will get some as they have been awarded funding in every UK govt SAF grant funding to date, just a question of how many £m's
Ah well, I don't really do the partisan Brexit stuff MM ;-)
(I will say this: as someone who lived in Germany when I was a youngster, who learned their lingo, who still has friends there, and who keeps an eye on the events over there, things look _far_ from being rosy right now. They are facing a winter energy catastrophe which makes anything in the UK look like a spilled cup of coffee by comparison. And as for France....pffff...the situation there would actually be funny if it weren't so serious.)
doesn't easily fail, like Brexit you mean MV? :-)
Well hey, guys, it's a speculative investment. By definition there is risk - otherwise the SP would be (much) higher. Either it'll work and make a fairly nice little pile of money.......or it wont.
What convinced me to take a punt was when I discovered that the UK government is not just in bed with VLS but pretty much inside their panties. When something enjoys political support it doesn't easily fail, in my experience.
VLS is a technology developer, not a project developer. The two disciplines are vastly different. Many of the other players license third party equipment and focus their efforts on raising capital and deploying projects. Unfortunately, VLS appears to be perpetually Ill-equipped to develop a project much beyond the feasibility stage.
"...I also believe that the prices at current levels will show an ROI as the SP is undervalued even if Velocys remains a small-time player within the UK in the next 5 to 10 years..."
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This is my point, Garry. I find it hard to see this being catastrophic - even in the worst case scenario. And a good scenario (let's say 20+ plants worldwide using their technology) makes this well worth a 20K punt for me.
To state the obvious: no, of course people shouldn't be yoloing VLS or whatever. But at the current price, it seems worth a shot.
Loosely: I think they have a very small commercial development team. This is my opinion. I have a five-figure investment in Velocys Plc based mainly on the fact that they won the Green skies initiative and are placed to compete at a modest level within the UK. I believe that the core board of directors is extremely capable and qualified but lacks the commercial expertise to compete with major players. I hope I am wrong as I have an investment in the company. I also believe that the prices at current levels will show an ROI as the SP is undervalued even if Velocys remains a small-time player within the UK in the next 5 to 10 years. All in my own opinion ; GG
GG: I wonder if your team has considered the timing to bring new technology to the market. VLS' technology in microreactors and catalyst was developed more than ten years ago. Since then, they have folded their catalyst development lab in Abington and let most of their reactor development people go. In other words, during the last 10 years they have tried to commercialize these technologies without developing new ones.
In the mean time, the majors cranked up their efforts to produce SAF. E.g. Chevron acquired the Renewable Energy Group, ExxonMobil develops their own technology (see my earlier post); TotalEnergies has 3 plants operating in France and announced plans to partner with ENEOS in Japan to build a SAF plant; Shell is active as well, partnering and in-house developments; bp is planning to convert their Kwinana refinery in AUstralia to produce SAF using UOP's Ecofining technology.
As I said before, VLS needs to move swiftly if they want to capture part of the SAF market.
@Garry
As far as the UK goes, VLS enjoy significant government/political support. It seems to me to be a near cert that there will be several plants here using their technology - which will probably be operational (in the case of Altalto) or under construction by 2025. It seems to me that the current valuation (in the region of 5.5p per share) is still a relatively safe place to enter?
globaluser you should be adding US SAF producers to your portfolio.
Its at the House for vote Friday and Biden is expected to sign over weekend or early next week latest.
Thanks Garry, please can you reshare a link.
GlobalUser: I commissioned a detailed summary per my earlier posts in which I employed a professional team of exceptionally well-qualified researchers. They prepared a 63-page report this year for me, which I have documented previously. Our conclusions were and remained the same. Velocys are at the forefront of technology in this field, but they lack the commercial prowess of their competitors, especially the US ones. I would love to be proven wrong. My opinion only and I may be completely wrong. Do your research. GG
I don’t have any proof but
1) if they were being sold in any meaningful quantity, would we not see it in the revenue figures?
2) if there was good news, why wouldn’t they share it in the updates? (Nowhere does it talk about units)
Thanks Wilco for your views, helpful and insightful.
I guess the skepticism comes from the the fact that the big boys appear to be mobilising and Shell walked away.
Very few of these reactors have been made full-stop, not just VLS. Most of those that are already under construction are HEFA which is a different process to the Gas/FT reactors VLS have developed and use a cheaper but finite resource of fats. Airlines are snapping these up because they want to still hit short-term SAF targets while paying the lowest possible price. HEFA though will barely make a scratch in the required numbers by 2030 onwards as availability dwindles.
Up until now, the process just isn't economical because it cannot compete with conventional fuel on price (as Red Rocks has shown). Mandates (Europe/UK) and credits (US) completely changes all that.
Some people on here seem convinced VLS are falling behind the pack, I just don't see it myself. We have two international airlines on board, really not bad for a company with <100m market cap.