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Velocys plc (VLS.L), the sustainable fuels technology company, is pleased to announce that it has secured a further £1m funding for the Altalto waste-to-fuels project from British Airways PLC and Shell International Petroleum Company Limited (“Shell”). This £1m will be payable before 30th June 2020.

Anyone know if the money arrived?

tons of*

tons or ramping on twitter at the moment. Smacks of the post Shapps mention run ups. Lets see if this is a legitimate retake...

https://www.theguardian.com/politics/2020/jun/30/why-boris-jet-zero-emission-aircraft-is-mission-impossible?utm_campaign=Carbon%20Brief%20Daily%20Briefing&utm_medium=email&utm_source=Revue%20newsletter

Agreed. Probably sent a few day traders to the fresh underpants drawer.

if anyone just bought in at 5p on that dop, they're my hero.

im tempted by this again, but we all know what happened a few days after the Shapps announcement....
Plus, the results must be due soon which may temper things a bit?

This zero emission flight notion is primarily aimed at electrification or hydrogen powered aircraft. This is why Shapps put it in a context of ‘to do this within a generation’. It’ll take many make years to get there using these means. The VLS piece forms part of a bigger picture.

One needs to learn how to produce these fuels before we get too excited. The proposition here is something that has never been done before and will take much longer to get right, than people think. Deep pockets needed.

Excellent knowledge. Thank you.

Thanks Loosely. Begs the question why Fulcrum are not building plants here in the Uk? Possible Fulcrhm/Velocys merger?

Great find Loosely. To me, that article demonstrates how far VLS still needs to go with their business. Theyd do well take to a leaf out of the Fulchrum book. Let’s hope we see creative leadership from VLS soon.

Speaking of Fulchrum, what’s your take on the VLS process v Fulchrum process? They look remarkably similar.

As for being cleverer than the II’s, I’d go as far as to say there are probably people on this board (you included Thurg, and Loosely, Donatron, Sean83) that know more about the process, risks and opportunity that your typical II. Unfortunately, there are also many people on this board who think they know it all, but, rather unfortunately, don’t.

The F4C was announced prior to the formal PP issue, albeit on the same day. That was a busy day for the VLS PR department and it could mean they are finally getting their comms act together.. Hopefully that means more frequent news releases going forward, which means more trading opportunities.

bought*

For the sake of all those who bog into into the Placing, I hope you’re right!

IQBen, no I’m not suggesting that atall. It probably won’t, but it’s my opinion based on the question from Zoro121. The price was around 5p before Shapps and before the raise. Nothing material has happened since the PP was officially announced,, which was immediately before Shapps. Only PR activity and a dilutionary raise has happened, which are not related to physical Project progress milestones.
It’s up to you to assess whether the Shapps mention added long term value or not. This is why the 5p level is relevant in my opinion.

5p would be a logical entry point as it was at this price before Grant Shapps ramped it on the telly . However the recent raise and dilution should knock it back a bit lower imho. If it goes below 5p, and theres news coming, then that’ll be a good entry point in my opinion.

Yes, RA has money in this, but his investment was made when VLS were hunting for stranded shale gas (fossil fuel). That didn’t work out too well for VLS, so they pivoted into project development instead. It remains to be seen how proficient they are at such endeavours, whilst continuing to struggle attracting strategic investors. Time will tell if IAG/Shell morph into such a partner.