RE: NovoCarbon JV - Same thoughts09 May 2019 08:58
Excellent post Robin. Those impatient people carping at the time it takes to secure the firm contracts from the collaborations should note the extract from the interview below, just shows the importance of VRS's graphene verification from the independent bodies.
Richard Baxter: Yes, it definitely does. It’s in the news now that Maxwell just got purchased by Tesla. A long time ago, I was an equity analyst covering Maxwell. They had been spending a lot of time and effort getting qualified by the different automotive OEMs. I remember one of the other analysts asking about that. The executive's answer was, “Look, the OEM’s are the hardest. It takes ten years and ten million dollars before you see the first dollar. After that, you’re qualified.” If you want to be a supplier of specialty materials to groups who have a voracious appetite now and continue to grow, then you have to be able to qualify for their material. And then you have to make sure that your entire supply chain is qualified so it isn’t just the initial samples they. They want, 10, 20, 50, or 100,000 tons to be the same quality. That takes effort and expertise in ensuring high-quality supply to those manufacturers.
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Can't agree with your pessimistic assessment Rooster, the current sp has all the bad news factored in. The focus now switches to the Construction Programme which is made up of four construction projects; Materials Handling Facility Project, Port Facility Project, Mineral Transport System Project and the Main Shafts Project. At the Programme level a large contingency pot is held in case of slippage, however, should the projects proceed to schedule or in advance of schedule, then the contingency will not be required which would drive sp up. To this end I would like to see the Risk Register more accurately termed the Risk and Opportunity Register and reported accordingly. Also, at the Programme level, it would be handy to have visibility of the Benefits Map so that as each project delivers its outputs, the capabilities, outcomes and subsequent benefit realisation could be positively reported and tracked
Agree we should all contribute as best we can but the scale of the problem faced worldwide is perfectly illustrated in the linked article. Once you have read it, may I suggest you raise climate change awareness on the CRH BB re gases resulting from cement, and leave the fully educated members on this BB to focus on FOIL
Indeed, Patrick joined XG Sciences, a global leader in Graphene Nano technology, as their global sales manager, leading the team to record new sales opportunities. He was tasked with assisting the executive team in transitioning the company from an academic company; to full commercialization
I wish you well with your transactions and hope you find you haven't been premature selling Hurricane and leave it too long before buying into Sirius, been caught like that myself trying to be too clever with the timings!
No-one complained about being warned but nagging the shareholders of what is yet to be a modest oil producer whilst sparing shareholders of much bigger concerns the benefit of his wisdom is a different issue. The bottom line is HE can produce oil at a more economic rate than shale oil producers and will continue to thrive in the immediate future by taking a bigger slice of any future diminishing pie.