RE: Velocys is Fire and Forget10 Sep 2020 10:17
This stock will languish for some time to come imho. Other than the F4C second phase (which might not happen given Vls have now raised enough working capital), there is little spike worthy news on the horizon. The next J0 Council is at the end of the year/early next so nothing on that front for months. FEED is underway. BA/Shell are busy tying to keep their respective ships afloat.
An area of concern is recent narrative that additional Government policy support is needed for SAF. That infers the current policy support is inadequate and therefore financing a project is not possible.
Quote from VLS “ That is very important to the business case, it has only just moved (last updated in February) and is broadly helpful, we still think there is more to do to make it fully financeable. “If I am a banker, that part of the market really needs to be robust“
So as it stands, it’s not financeable.
I’m not embedded in policy as much as others. Maybe Loosely could add some colour here?