Member Info for GarryGraham

Can someone confirm are Nova Pangea a private limited company or a PLC ?

Tories are Scum: AIM shares are on par with going to the casino and playing roulette. If for some incredible stroke of fortune and most unlikely event you appear to be in front - cash out whilst you can. Almost all AIM share companies are worthless pieces of trash and lifestyle companies to pay for pensions to elderly directors and ruthless non-execs who in the main add nothing but expense to shareholders. Whilst I have made a little bit of money on AIM stocks in the main I have lost a lot more, the biggest culprit being Challenger Energy Plc / BPC. Greed is a formidable adversary. Almost all AIM stocks are not investments like FTSE companies they are simply gambles no different than the roulette as aforementioned. GG

The obvious strategy for Challenger Energy plc is to sit back and let Shell "do the digging" and to spend tens of millions on the drilling. Shell and Apache will have all the resources, experience and technology in this field of expertise. Challenger will probably throw a dart at a map or drop tools down a pipe. In all seriousness, it is very simple. Eytan Ulliel sits back in his armchair and smokes his cigar and waits for Shell and Apache and all the results and 2 and 3d analysis to come in. If Shell are very confident there are billions of barrels of oil they will drill, if they decide Uruguay is a duster they will go on to the next project. $150m in exploratory fees to the majors is like $100,000 to Challenger. If the green light goes ahead it will be the easiest sell in the world for Challenger to get a farm out and the SP should rocket. If Shell and Total are not interested turn out the lights. This is not going to happen this year or even next, probably by 2026. Lets hope we are still in business then and we havent diluted even further to pay for Mr Potter's pension : GG.

Seahorse- Maybe John Briggs is trying to save people from losing money? After the debacle from Perseverence 1 which was a fiasco and there is no denying that, I had a guy phone me up from the Facebook group. This investor had invested all his savings into BPC. The man had Parkinson's disease and the savings were to give to his Grandchildren. He was devastated. It was a huge gamble there is no denying it but investors must be extremely wary of AIM companies as most people lose money when buying these stocks. I have made a bit of money but I have lost a lot more than I have gained. Most of it in Challenger Energy plc or BPC as it was called then. The likes of Simon Potter, Eytan Uliel and Leon Koot will always find jobs in the oil industry and are very wealthy people. There are a lot of small investors who are not. This is why transparency is everything and sadly it is not always the case: GG

Puzzled why it has not capitalised my last post and it is all in small caps. GG

morally and ethically i found it reprehensible how a ceo and chief financial officer can pay themselves salaries of close to £500,000 each on a total annual sales turnover of £200,000. quite simply, their bloated and huge salaries are being paid by shareholders. i run a successful business that has taken years to develop. during the early days, my salary package was very low. if i had gone to the bank and asked for an overdraft to cover a director's salary twice as much as my total sales turnover the bank would have in all probability closed my account and rightly so. what i perceived from the recent invested interview was a bit of a " **** you " attitude from henrik wareborn and philip sanderson and the lamentable excuse from the chief financial officer on why they are paid so much as directors was simply pathetic and embarrassing. it is a real shame that technological companies like velocys plc which are developed from top universities like oxford are run into the ground through poor management and greedy directors. i think a lot of the aim companies' directors fail within the mainstream and see aim companies as a lifestyle and golden ticket before retirement. it would never happen if this was a private limited company. the likes of wareborn and sanderson would actually have to work for their corn !! all in my own opinion: gg.

Please, Simon Potter, go away and don't go anywhere near Challenger Energy plc. I have personally lost any faith whatsoever after the Bahamas drill and financing debacle in which he was the leading player. GG.

scoredagainsteps: "one poster gg pointed out that his salary ( henrik wareborn ) is £500,000 a year. he should cut that to £200,000"

scoredagainsteps - £200,000 was our total sales turnover for the year in the last financial year. think of that - henrik wareborn and our chief financial officer - philip sanderson were higher than our total sales turnover for the year.

i reviewed the website again this morning and saw this little nugget on the home page.

"growing and attractive market with favourable policy tailwinds".

who writes this corporate **** - smell the coffee commercial and marketing team people don't speak like this anymore, this is ten years ago not 2023. it's time for a new ceo and a young, dynamic board of directors and management team who have commercial acumen, drive and want to get the deal over the line. instead, we have wareborn and sanderson who are straight out of the 1980s business school and at the end of their careers, a board of full-time non-exec directors who have put their name to dozens of companies for a nice consultation fee and not much else. we have the technology but we don't have the people to push it forward. the website should be all about our carbon numbers and how we have the best product and not about "favourable policy tailwinds" ffs. and as the share price and market cap tank on a daily basis and our competition grows stronger: all in my own opinion: gg.

"This deeply negative CI score is the lowest in the SAF industry", is claimed on the company website. It is posted as a footnote in the comments on the investor page next to the profile of our CFO. I think this shows how commercially inept Velocys Plc are as a company. I emailed our CEO today and stated this should be the first thing any visitor sees on our website and homepage. Velocys plc claims to have the best technology product in the SAF Industry marketplace against all our competitors. Are they shouting it from the rooftops? No, they are hiding it under a lamp. Indeed, Andy Bensley, our senior vice president, business development and technology delivery director, should have addressed this in his commercial role. As a company, Velocys is claiming in a very disguised way to be the best provider of SAF technology. Why are we hiding it? Why don't we shout from the hilltops that we have the lowest CI Score in the SAF Industry? I would love to go into this company and shake it up commercially from its very roots, as it desperately needs this. If it can produce the technology to outperform all its competitors, why has it not picked up new contract after new contract? Not once during the recent investec presentation did our CEO and CFO mention this. I am bitterly frustrated as a shareholder at this company's lack of commercial drive and understanding. It is one thing to develop the technology; it is another to sell it in the marketplace. GG

DJMTrading 91 - "A good watch hope they get this right and this will be very rewarding in next 2 years".

Are you sure you watched the Velocys plc investor virtual meeting?

It would have made a glass eye fall to sleep! GG

One word could describe the virtual investor meeting - Lackluster. Expat hit the nail on the head - "Listening to Henrick speak about his company is beginning to explain why VLS isn't making progress. He Sounds unprepared, poorly advised and too removed from the reality of the market, especially considering his £500k basic salary.

New CEO is needed. New C-suite needed". Expat brat

Two millionaire directors of an AIM company going through the motions and looking bored by the whole process. I think Philip Sanderson was a last-minute change as they were due to have their female strategist on board, but she was replaced or didn't turn up. There is no new news except photos of a half-built factory in the USA. What made me laugh the most was when Sanderson, the FCO replying to shareholder criticism of the remuneration packages being paid to the directors despite the company value plummeting in the last twelve months, declared that the remuneration committee had approved it, so it must be OK. That's like the turkeys in the turkey farm agreeing to cancel Christmas dinners.

In summary, the meeting was very staid, conducted by two millionaire executives in their autumnal years. I have the impression Velocys Plc is a very easy company to be employed by. They have had senior commercial positions advertised for months. Go and headhunt your UK competitors' commercial and marketing teams—time for a rank-and-file change of the board of directors, including the CEO. Henrik step aside - you are probably a lovely man, but in no way do you justify your CEO salary and time to make way for a younger, more ruthless and dynamic CEO. We also need a cull of an overinflated and overpaid board of directors and non-exec directors. GG.

Looking forward to the video presentation tomorrow by our eminent CEO and his "strategist " Lak. No doubt another highly-paid Non-executive director on the gravy train trying to justify her huge attendance fees. I'm very interested to hear how Henrik Woreborn can fund all the strategists and chartered accountants on the board of directors and his own huge salary on a turnover of £200,000 ( last year's total turnover ). I'm also keen in hearing how he intends to fund the position of commercial director and commercial manager as advertised as well as the other vacancies on such a paltry turnover and what Andy Bensley our senior vice president of business development has brought to the table since his arrival last year. I don't see any new contracts with fuel or airline providers or have heard of anything significant whilst our competitors march on. The market cap has plummeted, and shareholder value has fallen off the cliff as the SP has tanked. The share price will soon be in the garbage less than a penny category. For a company that won a huge government grant of £26m, how disastrous has this been for investors? I think we don't need a strategist communicator to convince future investors to invest, we need a hypnotist !! Even Derren Brown and Paul McKenna would struggle to make a case for this collective rabble of free loaders purporting to be a board of directors : All in my own opinion : GG

i only bought a few more grand to average down a bit; i won't be putting in any more. i have about £12k in my portfolio in velocys plc. i've pretty much written it off in my head. it's only a small part of my portfolio. i am not interested in aim anymore. what grinds me more than anything else is i bought the shares when the grant was awarded, and the company looked like it was going to smash it. since then, they seem to have gone to rat****. too many strategists and chartered accountants and not enough hard-nosed salesmen making the deals. shareholders have been royally bent over and screwed. in summary: another aim lifestyle company. hope it turns around, but i cant see it with the current board of directors and a weak ceo - all, in my opinion: gg.

Can someone explain why the share price has tanked since June 2022? The last trading statements and results don't look bad, but the falling knife syndrome is again. Understand the debt but ultimately the business looks on a sound footing. Is it just market sentiment? GG.

DRAX77 - Why on earth would you put more of your hard-earned money into this sinking ship?

My Reply : No fool like an old fool !! GG

i bought a few more to average down at 2.5p - this is like catching a falling knife and looking like a regular aim stock—poor communication to shareholders except when the begging bowl comes out. no new contracts have been won for years: hopeless turnover, and more board directors than customers. i could run this company better in my sleep. i have a single-man ltd company with a higher turnover which makes lots more money and doesn't need to issue shares to pay ridiculous directors' salaries every couple of years to so-called "strategists "and non-exec directors. what a cluster****. gg

Armasmaximilian: I agree with your comments. All shares are risky, but this is a binary options share. With most shares in the FTSE, you can at least put it away for three years and return when it has been raised. Here, the "investor" deals with Geopolitical dramas and extremely precarious legal institutions and governments. What happens if the pipelines are closed in three or six months or past payments are not honoured? I hope you get all your money back and make a tidy sum on this, but its ball of steel times dealing in this part of the world. Good luck mate: GG

I bought a big chunk of shares about a month ago, expecting it to be sorted. I then had a rethink and sold out with a slight loss. This stock is far too risky, and I like high-risk shares. This is not an investment. It's a gamble. It's a binary share with colossal risk and potential reward. Good luck, everyone. I hope you all do well, but there are other shares with far less chance of spunking all your money that can give an excellent return. GG

Alhambra 9 From the latest RNS : the block contains approximately 65 historic wells, a few of which are active, but most of which are currently shut-in / suspended/abandoned.

GG

Apologies - Area 3 - DOH.