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For a short term SP bump I agree. But won’t affect ability to attract finance.
Doesnt matter. First planning permission matters
Vls have not demonstrated a waste to fuel at any scale. They are now looking to build a large commercial plant.
Nobody will take that amount of risk, period.
Ever the pessimist. One has to ask why the company would pursue the project, given that they must have a pretty accurate cost projection, if they did not have a pretty good idea where the funding was coming from. Given that they started this before the latest climate change hype, and with several large investors (notably Abramovich) and high profile partners (BA & Shell) on board, it would seem to indicate that your frequent assertions that the project does not have the requisite financial backing is based on little more than your personal agenda.
I doubt this will be wrapped up before Xmas. I also expect a ton of conditions which, if you are familiar with energy projects, will add significant costs to the development.
I still have no indication of how this £600m project will be funded. We need to look beyond the PP (which is relatively easy), and focus on the project itself. I don’t see project equity arriving any time soon.
Apart from the last sentence (which is both inaccurate and misleading), I agree with your analysis. It is not clear from the Highways document who failed to make their position clear. It should be noted that the Council are still showing the determination date as 29 Nov! Somebody, probably NE Lincs CC, needs to clarify the position.
Clarifications needed. It appears Enzygo has misunderstood previous advise.
What appears on the face of it to be a good submission, still has some quality shortfalls that will need to be address. Meanwhile, cash will continue to be blown on high paid execs.
What do u mean. How many questions are there?
New document on the planning application today(16 Dec) from Highways England asking further questions of the application. Looks like we are not going to get a decision in the near future as it would appear that there has been some sort of misunderstanding between Enzygo and Highways England which will require a further consultation period. It would be helpful if either NE Lincs CC or Velocys could clarify matters!!
I did not say that he couldn't buy, merely that to do so would leave him open to accusations of insider trading, which, even if unfounded, are hardly an auspicious start to his chairmanship.
Disagree
He doesn't have any definitive notice of decisions pre PP. That comes without prejudice and favor.
He may only know of potential shortcomings and be working on small contingency plan items as a result
He can purchase now imv
He can hardly buy shares at this juncture without being accused of insider trading as we all seem to agree that granting (or not) of the planning permission will materially affect the SP and he is likely to know the answer before we do!! Question is has Pierre Jungels sold his 700K holding?
Doesn't matter when update is in my opinion . Key is they get it. And then BA or someone just takes it off these guys at a decent price. But yes with the new appointment sounds like they might try and build this after all.
Anyone an idea on the next update? I saw some revised docs were submitted last week but now what?
Philip Holland should buy a load of shares as well to show support to the project. Wishful thinking maybe.
Also just saw Roman Abramovitch is our largest shareholder with 25.6%.