The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The answer is that they are not progressing. They have plans in place and some engineering drawings, but progressing to financing a build is years away.
XPB: So no real answer then.
This is Velocys we are talking about!. Any excuse for an positive announcement and they are all over it. If funding was in place, we’d know about it!
Uk or US, same ****, different continent.
XPB: If you haven't got a response to the UK issue, why not try the US angle. Despite all your negative comments re funding, both projects would seem to be progressing although neither, according to you, has the necessary funding in place. Please explain how this apparent contradiction of your assertion is happening.
Aside from the UK project, we mustn't forget Natchez. This project has less PR support than the UK but is further advanced, but still no funding to be seen. The UK project will assume this waiting game status once the PP is in.
XPB: Don't really buy that. Most of the IIs are investors of other people's money who are there to make a profit. IMHO such people either get out on a stop loss or really believe in the company and LTBH their shares. FWIW here are the current (19/12/19) IIs:
Shareholders owning more than 3% of the Company at 31 December 2019 were as follows:
Ervington Investments Limited (21.41%)
Lansdowne Partners (21.16%)
Amati AIM VCT plc (10.36%)
CQS Directional Opportunities Master Fund Ltd (9.32%)
Hargreaves Lansdown PLC (5.99%)
Jarvis Investment Management (4.29%)
Janus Henderson Group (4.20%)
I'm sure you will find something derogatory to say if you try hard enough.
because they don’t need the money out and with the SP where it is, there is nothing more to lose. Obvious really.
XPB: He doesn't need a UK passport, they come very cheap from Malta! RA has, as you say, held more than 20% of the stock for ages, certainly from when the SP was over £2 (heady days). He is not the only II who has been invested for a long time and the company is >70% owned by IIs. Leaving aside the Woodford issue, why would such investors stay loyal for so long if they did not believe in the company?
You mean that guy who can’t even get a UK passport?
I’d hold out too if I were him. His investment has withered away to almost nothing (in relative terms). Why sell now?
Far from it. Institutional investors won’t touch this with a smelly stick, once the big cheques are needed. But, small fry punters like me can make some coin on the news bolstered ramps.
Invest away! You just can’t compare well established, well funded, experienced companies with someone who as been at it for 18 months.
They are along for the ride; somehow expecting people to rate them as peers. They might get away with it for small time punters like those who populate this board, but the big boys will see thru the smoke screen.
Yes I’m still in, along for my own ride until all the grants and PP are in.
XPB: Desperate times call for desperate measures and having unearthed a seam of positive PR for Velocys you now seem desperate to destroy it. You have already stated that YOU are along for the ride (or have you sold your small holding already). Not sure what else you are trying to prove as everyone knows exactly where you stand. You really should get out more.
Let’s break this down:
Fulcrum - the original inventors of this pathway who VlS have copied from. BP, United, Cathay investors at corporate level, almost built their first project.
Gevo - built their first plant fully funded, Virgin as investors.
Neste - huge oil company, loads of biofuel, supplies many customers.
Red Rock - first project part financed and under way
World Energy - producing biojet today and funded an expansion
Velocys. - not produced any jet fuel from waste, no corporate investors in related field, no developer experience, funding sketchy at best.
I think it’s pretty clear who is along for the ride.
XPB: If you quote a source, I would sugest that you look at all of it, not just the bit(s) that fit in with your agenda. Anyway, thanks for the tip - a very interesting read and hardly a disincentive to serious investors in Velocys! Note to self: must try harder!!
From the same magazine, released 20 Jan 20:
https://biofuels-news.com/news/alaska-airlines-promotes-sustainable-aviation-fuels-in-us-state-of-washington/
Note the phrase " The SAF Producer Group comprises leading producers and developers of sustainable aviation fuels, including Fulcrum, Gevo, Neste, Red Rock, Velocys and World Energy." Somebody obviously thinks more highly of Velocys than some on this board.
Don’t get excited. Equity into VLS doesn’t seem to be in favour.
https://biofuels-news.com/news/canadian-start-up-forge-secures-investment-for-biofuel-plant-from-shell-ventures/