Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
As someone who does not give a shi*t how small businesses are run, it's common sense to put your money where your mouth is, period! You should never be allowed to take a ridiculous salary on a punt company and rinse shareholders who mostly have bought in good faith based on some evidence of the possibility of striking gold etc. Your rewards should be in the form of shares in the company with a modest salary! The worse thing is, you have fanboys and their promoting gangs supporting these failed directors spouting drivel while screwing the working man! The only time anyone can have a right to demand/take a high salary is if they have founded/developed a business that actually makes huge sums of money and shares it with their supporters!
aren't cash shells meant to have some cash lol .. f*ck me I don't even have any tears left after getting bummed by this bent co and it's promoters!
Too many fanboys behind him to notice CB has achieved f*ck all for his shareholders all while taking multiple salaries! Add to that the ramping podcast gang like roast, mir, and various twatterati accounts promoting his bs companies! Any newbies reading, stay away from CB companies, the track records speak for itself.. at best just trade it short term!
The jokes is that people are dumb enough to buy whatever he sells.. how can you take that voice seriously?!? He's a dead ringer for those videos passed around on whatsapp/telegram that starts off with "orite guyss" think it's called bl00dylovelehbrotherhood hahah
swazer you attention seek *****, are your sub sales dwindling so bad you have plenty of time to troll on message boards?! Anyone buying your **** needs their heads tested! Your charting skills are a joke, my nephew could do better and he's only 7 hahaha stupid mug!
Just a quick post to say thank you all for your responses, I really do appreciate what has been written/discussed, etc. I think I looked into sae a long while back and was put off because of the rns around the turbine issues. On a separate note, I watched a program that showed a huge graveyard of wind turbine blades which could not even be recycled (yet), so it gets even harder to see how any of this is helping towards a greener future. Anyway thanks again and good evening to all.
Has anyone been presented with the costs of maintenance of this tidal wave tech? The big fear for me is the costs of maintenance of these underwater power generating bit of kit. Salt water, erosion and all that stuff from being underwater for long periods of time will surely cost a fortune to maintain?!? Not to forget impact on underwater wild life?!? How does this then become a good source of renewable power?
@convb
2026!? I guess that's not going to help the investment case for you? :)
@convb
bit of a misunderstanding.. draft was talking about Deltic and Shell as opposed to Delta Airlines and AMTX who pencilled a $1bn deal for SAF fuel.. although Delta's goal is to use 10% SAF by 2030 lol
Aren't Shell doing that because they know something other don't hence are paying for costs?
Vls are arriving to the party a tad late if I remember well?
Likewise.. my other concerns is why did Shell drop out.. And afaik, BP is involved in another project which received a shed load more government funding?
Risk Description: Alternative Technologies risk - TREND year on year: Increasing - Risk rating Medium
Impact: Alternative technologies may be adopted in preference to Velocys’ FT technology. Velocys may find it difficult to gain market share or may find itself operating in a smaller market than it had previously anticipated.
Mitigation: Velocys’ FT technology is considered to be quite unique in the market with significant resources having been invested in the technology to date. Technology developments such as ours operating at the current scale takes significant investment and time, providing Velocys with a competitive advantage beyond our core FT technology capability. Due to the complexity of the processes to convert solid biomass feedstocks to drop-in fuels at commercial scale, the barriers to entry are significant.
Risk Description: Reference project funding risk - TREND year on year: Level - Risk rating Medium
Impact: Our two reference projects require external investment to reach construction. Momentum in the sector has ensured that the use of sustainable fuels is high on the agenda for large airlines and fuel supply businesses, which will assist in the funding of these types of projects.
Mitigation: The engineering work we have completed has optimised the design of the plants, allowing better returns to the projects. During the latter half of 2020 engagement with interested third parties increased.
Risk Description: Access to Capital - TREND year on year: Level - Risk rating HIGH
In the short term Velocys will not achieve a cashflow positive position. However once the reference projects move into FEED and new projects such as the Toyo Engineering project in Japan start engineering work the net income and cashflow to Velocys will significantly increase.
Mitigation: The Board recognises that the Company needs to raise additional capital from current and new shareholders on the back of achieved technology demonstration and project milestones. The Company’s strategy is to build the two reference projects that will lead to a number of customer developed projects that earn the Company annually recurring revenues, which will lead the Company to being profitable with positive long-term cashflows.
Risk Description: Intellectual Property risk - TREND year on year: Increasing - Risk rating Medium
Impact: There is a risk that the Company may have a breach of IP or that key staff and their expertise may leave the Company.
Mitigation: Loss of IP is mitigated by having the core technology protected by Patents and laws supporting protection of Intellectual Property rights. Velocys has invested significantly in patents and IP protection for our designs and inventions and vigorously defends all our entrenched rights. By securing non-disclosure agreements with parties requiring knowledge of such IP to fulfil transactions of benefit to Velocys these risks are mitigated. To retain staff expertise and protect Company IP Velocys provides competitive compensation to attract and retain staff.
cont..
Placing or about to announce another contract win in light of reducing reliance on coal?
Minute 3.33 onwards!
https://www.youtube.com/watch?v=y1gaGC9erTc
what's with all these micro buys ?
Cheers fella. Strange how it did not cover the q & a which is a real shame
Mr T, I had a listen and admittedly I kept skipping minutes because he was talking about Xtract. I'd be grateful if you can let me know roughly when bzt was spoken about as you mentioned, thanks.
Any links for the video of this meeting please?