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fatherelmer
I don't understand the point you are making. Maybe a lack of understanding on my part but I would appreciate your view. The (non regulatory) RNS states:
'The specific aircraft interior parts have gained the necessary certification from a USA-based, Federal Aviation Administration (FAA) certified, fire testing laboratory.'
What more certification do these parts require? Surely fire safety certification by an FAA 'certified' testing laboratory is precisely how these certifications are done, i.e. on behalf of the FAA at a facility approved by them. Are you suggesting that the FAA themselves are required to certify every material and part used in an aeroplane, and that therefore we do not yet have all of the certifications required?
RNS Number : 5096H
Versarien PLC
15 November 2018
Versarien plc
("Versarien" or the "Company")
Graphene Enhanced Aircraft Interior Parts
Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has received an order for the supply of Versarien's graphene nano platelets to a design and manufacturing company for use in fire ******ant aircraft interior parts for a major global airline.
The order is for an initial 1 kg of the Company's graphene nano platelets and it is antipated that further orders will be received to fulfil the end-customers contract. The specific aircraft interior parts have gained the necessary certification from a USA-based, Federal Aviation Administration (FAA) certified, fire testing laboratory.
Neill Ricketts, CEO of Versarien, commented: "We are very pleased to have received this order for our graphene nano platelets for an application that is in a new area for Versarien. This order demonstrates further industrial traction for using graphene in various applications. We look forward to working with this customer and with others to develop commercial products in the aircraft interior sector that could be enhanced by the use of graphene."
From ADVFN continued...
On to the future - Will someone else come up with a competitive product ? Possibly in time. Nothing major out there yet. In the meantime VRS are racing ahead in the 'land grab'. The worlds major companies and countries are knocking on their doors. If/when competition arises VRS will be way ahead. ( What good is a car as good as the Mercedes in F1 if they're starting 10 laps behind ?).
IF someone comes up with a competitive product Graphene prices will fall. The starting material is cheap so it's down to the process of manufacture. We saw Carbon nanotube prices fall as numerous people can make a suitable product so far this hasn't happened with Nanene. It could, but the 'land grab' is accelerating Nanene is becoming embedded in companies and it would take a fair time for anyone to catch up. (There are competitor products to Dyson but Dyson is so well established the competition are finding it hard to challenge them).
Another part of VRS's strategy seems to be to move down stream from just producing Graphene to capture more of the value stream. This will enable them to maintain their position. (Dyson came up with a new way to suck air but didn't stop there they created the products that used their invention).
VRS are now worth 8* their peer group when I first noticed them and continue to develop at a rapid pace so I can see the gap getting much larger. Do I trust the management to deliver - absolutely.
Seems a particularly savage drop today, even accounting for the falling price of oil which is impacting the whole sector. What's the betting the spivs have caught wind of something negative at South Ramadan? RNS in the morning maybe?
There's a ship called the Akoa Mizu,
She didn't have much to do,
She got hired by Rob for a critical job,
And now we're all studying POO
Great stuff this morning. Having missed out on the opportunity to buy through the primary bid offer, I've been able to buy this morning at 1.32 I'm over the moon with that! And I'm ready to buy more if it goes lower, however, I too think that it is unlikely to be much longer before we see significant news from one or more collaborations and/or from China.
All the best.
Lexion
I read somewhere that Paul had said at the event the other evening that South Ramadan was up to another 30 days before TD. Doesn't make much sense to me given the elapsed time so far. But apparently that's what he said.
Daltry so when you said 'this morning' you actually meant 'yesterday'.
Thanks for the clarification.
Daltry which bb was that? It wasn't LSE or ADVFN
My understanding also.
The result of the well must be almost a month late though judging by your calculations which I'm sure are correct. Even allowing for the fact that these things rarely proceed as planned timescale wise, that does seem rather odd and a little unusual in my experience.
Yes, I concur with what LoR says re HL. Been with them for years. Easy, comprehensive, good value and pretty much faultless. Only company I know that when you ring they answer pretty much instantly. Always. And I mean a person, not a machine.
Very good service.
Typical!
I decided I would sell some of another holding yesterday, to top up further on VRS. Anyway, by the time I got round to actually doing the transaction there was an unexpected intra-day RNS on the other share suspending it from trading! I suspect the outcome of the suspension may turn out to be quite positive, but I had been very keen to top up here before the AGM.
The best laid plans eh!
SDXBP. Egyptian oilfields set to change hands in $1bn transaction. SDX Energy Inc. (DI) (SDX) confirmed yesterday that it was in talks with the oil major, BP (BP.), about “a significant package of assets” in the country, after a report by Bloomberg. The proposed $1 billion deal is understood to relate to BP’s stake in the Gulf of Suez Petroleum Company (Gupco), a joint venture with the Egyptian General Petroleum Corporation set up in the 1960s. It produces about 70,000 barrels of oil per day.
I can't really see what the bad news could be, but then that's the problem isn't it - PIs are usually the last to know!
This company is rolling in cash, surely it's not bad news.
But a take over at a poor price wouldn't excatly be good news either.
WTF?