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Hi all.
Fartherelmer, very good post.
Ok.
1 - BIGT was due around AGM in September ? This was to be 15% BUT it was clearly stated at the time the money would be required to stay in China. This was what Neill was telling us. I naturally assumed the Shanghai-London Exchange being created was the perfect way for BIGT to directly invest in vrs via buying shares from London and retaining the holding? Now it appears after talks that BIGT & CIGIU do not want the risk ? Or they have been told by Gov to pass on each deal to the relivent NOC ?
Anyway, it looks like making each deal be it aero, construction, garments a very drawn out process if vrs have to do each seperate deal AND to within the 15% margin ?
Am I reading that right ?
NOTHING about any US movement nor interest , so whats going on with the testing results of the O&G ? Not even mentioned as fatherelmer rightly picked up on.
Its easy to try and say everything is fine, I will dig my self a new one for doing so, I am gutted that many projects almost seem to have stalled ? Why would I say that ? Well Mr Abbott had a contact which was looking at 1 month testing , 2 months proto and production of a small item within 3-4 months. It should have been in production if true by August September ?
I directly contacted the CEO for a request for the total amount of graphene supplied. This is basic and as it would include all test batches should not brwak any NDA's BUT is of direct importance to shareholders. No number was given but not a positive answer either ie ask it another time ?
Well what about the last year ? I was hoping to see something show up in December but no.
Another factor is the 5 projects they are focusing on. Batteries / supercapacitors was definately not one and nor was it going to be near term 12 monrhs ago from the horses mouth.
Now the last month all of a sudden Gnanomat are being dragged out as our shining star ! Seriously ??? Posters on here can see my history and how I have been pretty consitant by posting threads specific to Gnanomat. I love them, but as I say was told from thd top to forget them as they were NOT one of the 5.
Things change. I get it. I feel the last two rns have been quite damning but seem to be needed in an official capacity to clear the air.
My real grumble , which I have no idea why they felt they had to say, it was about future communications.
They felt the need to clearly tell us what we already know, they cannot tell us any developments until they report quarterly or 6 monthly or if a new contract can be announced and is of material fact.
What a load of old cobblers and tbh I am one that can be accused of over stating this company, but from a position where I was assured. A once positive supporter.
However, this rns has changed my opinion and reminded me of a previous loss after having dinner with a CFO said it would be ok if I invested more pension money.
Two weeks later the main licence from the Chinese Gov owned NOC was removed.
Personally I think cv19 is having a bigger impact than anyone could imagine even to such an extent that major capital projects may be delayed, albeit, temporarily (my opinion). The virus is a MF it is virulent to 1-3 to 1-5 compared to the flu of 1-1.3. I can’t think of another reason for the trading volumes here or elsewhere for that matter. I have sold out now and only hold a few stocks. My shorts on TUI, EZJ and HSBA which I posted there are much easier money than picking through this minefield atm. I am not negative on Vrs far from it I am negative on the market for now and happy to sit on the sidelines even if that means paying more later for less risk. But then Vrs has been very kind to me from 13p and I’m sure we’ll be back together soon. GLA.
Trek
Your namesake then sandy rivers, I don't lie and have the evidence obviously.
Yes Jd, Aecom want the arch to get out there as much as anyone as they put a lot of time and effort into it, joint effort looks good to me and could be any country now with the Aecom interest.
So...my current thoughts on our Aecom person are huge.
Who knows the customers where the bridges need to go??
Don't think we need to think to hard on that one.
Just wonder where the first bridge will be but more excited to know material quantities/weights etc. This will then start to give possible investors a clearer picture on turnovers/size of markets etc....
Lucky Liar. I don't post on twitter. Realist I'd say, rather than troll.
I think that it is feet back on the ground time again and the sp is probably where it should be. It’s been a shame to see all that profit dwindle away, but it has been a good lesson in investing for me. We watch and wait.
Oh ok...just another troll then.
...but totally agree on our relationship with Aecom. Them alone, could make VRS worth in excess of a £billion company....which is another reason why today's share price drop is ridiculous.
Sandy Rivers is a troll Jd, had to block him on twitter as he is up to no good. Other than that it is good that the guy moved from Aecom to specifically promote the arch and he was the top guy there, Aecom and VRS have a great relationship and it benefits both in that respect.
Fatherelmer....cheers for your response.
I'm not with on the negative side...sorry. The cash position had been highlighted in the last update and isn't currently a concern.
Sandy_Rivers....sorry mate...there is no point in wasting my time in replying to you, as you clearly have your own agenda here, and completely clueless when it comes to facts.
"acquiring majority stakes in companies capable of commercialising graphene applications" with what cash exactly?
Supporting Gnanomat with what cash exactly?
and honestly thinking Aecom will come to your rescue really is clutching at straws. They have done the trial, but ultimately won't be a buyer.
Far further to fall imo
Jdubya, bit of a mixed RNS for me - and can't say I'm surprised by the market reaction:
On the negative side:
- it shows that the cash position is worse than we thought so if the orders, or Chinese investment doesn't come soon, the fun will really begin
- even if the Chinese deal does occur will they be able to get any / much of the cash out the country?
- no mention of Orders from O&G, Aerospace both highlighted as Q! 2020
- reminder that VRS aren't really in control of their destiny (they need the end customer to actually order)
On the positive side:
- Chinese deal may still happen (with I guess finance coming from the Graphene Parks Construction Company)
- good updates WRT Gnanomat, also good that they have been able to survive with less cash than envisaged
- MAS moving ahead
- Polymers moving ahead into next phase of testing
- AECOM CNCT Arch moving ahead (potentially in multiple markets)
To me it's the cash position that is really driving the SP (alongside unrealistic expectations of PIs due to the previous 2018 spike). One to ride out I think, as general market sentiments don't help (especially given the links to China)
Just the usual disclaimers is what people read Jd, but I note that you have read the RNS properly, Gnanomat got three things on the go with batteries in Europe, the new guy to oversee sales of the arch and China still on with the 15% and looking at ways of cash out of the country to VRS.
I think a lot of holders will realise that our Chris wouldn't give the go ahead for another wage outlay, if something wasn't imminent.
One can only guess the use of more objective wording is being advised by our new broker. I suspect there will be a lot of negative write ups about today's RNS.
Just wondering if people missed the sentence about Aecom...
"The data from these tests has been positive and Versarien has recruited the AECOM project lead to spearhead commercial progress on the Company's behalf in the UK and other regions."
Looks like that project just got bigger again....
A detailed RNS that says nothing. Not surprised by the drop in share price. More jam tomorrow.
.....and this sharp price drop is ridiculous....!!
It certainly looks like it could be Aecom placing the first substantial order now??
Really good to get an update, but seems a much lower key update with more objective wording than previously.