Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
They probably reached 200bpd on one day, maintaining the production rate continually or for that matter increaing it is another matter. Read the runs carefully.
I assume you mean RINS verified rns. I was referring to operational performance. RINS are a sideshow, relatively small subsidy in relation to cost per gallon upon which profitability will be gauged do the maths
Now we know why there has been no news on ENVIA for months. Results due in 3 days, they had to say something now. But no information on production from ENVIA to date which is what investors require. This problem could take months to fix meanwhile ENVIA most probably on less than half capacity and running up more losses. With no income from ENVIA or no repayment of loan, VLS will need more funds before year end. With a recent massively discounted (ie desperation) Placing, what chances are there of obtaining more funding. This share has been massively overhyped on this bulletin board for months now .
US Supreme Cout lifts gambling ban allowing individual states to allow on line gambling. Must be good news for this share
Timeliness of the results to be correct.
Retireby40 A very good post, but will not be well received by rampers on this board. News of ENVIA progress is very much required. By progress I mean news of profitability or at the very least free cash flow being achieved and the possibility of VLS getting some money back otherwise they are going to run out of funds long before any of these grandiose projects even get off the drawing board..
,Credit for progress made; will automatically follow any progress made. However what progress is being made by VLS in achieving profitability? News of ENVIA output ie barrels produced to date, would be a start. All David Pummel appears to want to talk about is the next big idea.
A proportion of R&D is claimed to be capitalised as was the case in the last F/Y report. Perhaps someone could explain why there is no recording of this expenditure in the cash flow statements under Investing Activities.
You conveniently forget amortised intangibles which substantially reduce NET capitalised development expenditure to 14% of total R&D expenditure (interims) and 17% of total R&D expenditure (finals). Amortisation of intangibles being $11.331m (interims) and $$18.201M (finals).
I don't think your calculations include fixed costs eg admin costs and depreciation etc.
He recently bought 400000 at 171p. He was not contractually obliged to do that!
With small purchases - yes, but £800k. Would you spend this amount to attempt to prop up a share price.
Mr. Oozi Cats, the Company's Chief Executive, purchased 400,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares"), at a weighted average price of 171.87 pence per Ordinary Share. This represent £687,000 investment! He evidently thought that the shares were oversold at 171p. There would appear to be no reason otherwise for him to make this investment. He did not have to buy these shares his earlier sales at that time were water under the bridge. If there had been any questions regarding the accounts he would surely have known. Any comments.
Perhaps you could be good as to let us all know what your research as revealed.
To add to your comments about internal R&D costs being capitalised. Nobody question purchased intangibles (ie external R&D) obtained from the takeover of other companies. This is normally capitalised. What is the difference?.
After several producers flagged lower production expectations over the course of the past month iodine spot market participants noted a slight increase in prices this week. Iodine spot market prices moved up slightly 20 April amid a "battle of cents" which has slowly lead to a slight improvement in the market. Iodine (crystal, 99.5%min, drums) prices moved up on the low end to $19-21/kg on a spot basis from $18.50-21/kg previously. http://www.indmin.com/Article/3711376/Iodine-spot-prices-move-up-slightly.html
Presumably products from Virginia swill be being sold into the American market and therefore priced in dollars, therefore costs and income will both be in US dollars so I am not sure there will be any impact from cost increase you have mentioned. As for aerospace, components have to be designed into new aircraft types and are unlikely to be incorporated into existing aircraft. This is a long term prospect as new types are not introduced all that frequently. Gradual improvement in 'bread and butter' oil industry market, should underpin this company's progress from now on.
Surely the answer to Ad Blocker is to deny access to the web site to anyone using an Ad Blocker. This should not be too difficult to achieve. End of story!
Many of the accusations against qpp and blinkx have been subsequently demonstrated as untrue. But unfortunately the damage was done. Shorting can be self fulfilling if carried out ruthlessly enough in that it can damage customer confidence as well as making it difficult for the target company to raise funds. The shorters do not have to be correct they only have to be believed in the short term and as it takes time for the target company to respond in detail the accusations gather momentum. The shorters are getting more and more blatent in their activities and if this is allowed to continue the AIM market will be seriously compromised.