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expatbrat honestly, do one. You're like the LSE's very own coronavirus spreading from one BB to the next. You tried to deramp VLS but have since given up after failing miserably. Now here? Give it a rest.
For those who want's to see how a deramper operates, check out expatbrat's past posts - you're welcome :)
In that case thanks for the correction stokey12. I was going by the timeline that there was an early-mid October cut-off for Aries to pursue the claim, meaning the Billingham MOU extension cut-off would fall after that (22 Nov 20).
People will be jealous of that SP entry in a couple of months nit2wynit!
The SP should rise a fair amount once the US legal dispute with Aries is sorted. Following on from that we've got the Billingham news, which should raise the SP considerably. I personally think the Billingham news being delayed and arriving after the US dispute is a blessing in disguise, as there should be nothing holding the SP back from reaching it's full potential - which is well over 1p immediately following the Billingham RNS in my opinion.
So many baseless SP valuations going on here. 3p from nit2wynit, 1p from the clown...
Fun fact: since June 2020 the SP hasn't been below 5.74p... even after the placing AT 5p.
This SP is heavily reliant on good news to move upwards. It will be reliant on bigger news to find a floor higher than 5.7-6p. But this could happen and I remain positive: we can expect further updates on Shell and BA's contribution to the Altalto project, Jet Zero Council news, further Government funding, plus the potential is there for the Altalto project to produce 'Carbon NEGATIVE' fuel, with the completely plausible addition of carbon capture & storage (CCS) - which is being looked at in the Humber region (Zero Carbon Humber) by companies such as Drax.
Velocys have recently joined the Renewable Transport Fuel Association - where there are some big UK companies such as ABF named as founding members alongside Velocys, as well as the Biotechnology Innovation Organisation (BIO) - the world's largest trade association for biotech companies.
Ultimately we're making tracks, but not enough noise right now, hence the current SP. But I genuinely believe news will come, as it does without warning with VLS. I'm hopeful that we're not too far away from receiving some news that will see us saying goodbye to this low SP level for good.
DYOR and GLA.
isalingebruik, please enlighten us... What's your agenda? You're either shorting this, or you want to buy in at a cheaper price. There's 100% not a chance it's neither of the two.
And for those disagreeing with you, tell them why you're right... tell them why you think the price will plummet through to the lowest depths of hell, as you so speak? Maybe then, someone might take you seriously :)
Me? I'm long, for the medium-long term, and my expectations are that within 12 months I could walk away very happy, and within 24 months be walking away grinning like a Chesire cat. Lunsam did a brilliant piece on Twitter with all the things EQT has going for it, which you should educate yourself with:
https://twitter.com/Lunsam96/status/1296401077328326656
expat, it's a British registered company with a British HQ...
Also don't see why you're arguing that Velocys couldn't win an overseas contract? My point for export/showcasing British tech was a general one, where I used BAE as an example. Your argument is like saying McDonalds couldn't make a burger with French cheese, American sauce and own-nation meat, and successfully sell that burger across multiple countries... The key here is having an end product that works.
And FYI Velocys has already successfully exported their technology to Japan.
Or as is more likely the case Dave_1, this is a British company that the Government believes in and can fly the Green Aviation flag for the UK. You'll see Government officials, including Boris himself, often mention British companies, for example BAE, to showcase British technology/capability and promote British export opportunities.
Don't see why people are getting annoyed here. This won't rocket up again like last time. There are a lot more shares in play now, with a lot of people in it for the quick profit following the placing, so it's going to mean a slower SP gain. Patience is needed here: with everything Velocys has going for it, those that stick with it will ultimately be rewarded long term in my opinion :)
Looking at the time and the trade price it went through at, it certainly appears to be correct by stating Buy.
Are you actually in again then expatbrat?
SmokingDragon, this has always been one for the long term. But yes, this still has everything going for it - the same reasons it spiked to 16 not long ago.
Be wary of those trying to talk down the company and the project, who've openly said they're wanting the SP to go down to (sub) 5p before buying in. You can probably tell who they are from some of the recent posts - just check their post history :)
As Simms mentioned, lawsuits in the US are the norm and I wouldn't be surprised if Aries Clean Energy weren't doing the best - financially.
It's worth remembering that the previous surge on the SP was also in relation to the multiple projects/potential projects that EQT has in the pipeline, including Greece and the UK, and as the RNS states "the complaint is specific to the US only and does not extend to the Company's activities and pipeline of projects in the UK and Europe."
Come on expatbrat, you seriously saying people will sell for LESS than 5p??? 376 million shares were issued (cheap) at 5p, and you're saying people are willing to cash out at less than that??? I'm doubtful it will even get to 5p, but to say it will go lower - you're making yourself look a fool.
You're a massive de-ramper, looking to buy back in AGAIN. FYI everyone else, this is the idiot that talked this share down even when it was at 3p.
Here's an extract from the man himself, less than a month ago:
expatbrat
Posted in: VLS
Posts: 651
Price: 3.73
No Opinion
RE: Hold on...30 May 2020 21:27
With a bit of luck in 10 years time people are going to look back and say... imagine if we could go back in time, listen to Expat and not invest in Velocys! ????
Agreed aandi.
InvestingGenius, Velocys announced successful planning permission & government backing - big milestones for them and their project. SP rose swiftly, followed by a placing a couple of weeks later - so it can happen in that order.
Personally, I think we'll get some good news, possibly followed by a placing IF it's required. And with all the potentials in the pipeline (which could justify a placing to raise more funds), this will hopefully be followed by some more good news!
So long as good news justifies it and companies aren't doing it just to stay afloat (it'd be the former in this case), it shouldn't be seen as a huge negative, more a sign of growth.
Clearly, and openly, people are wanting to average down/buy back in as cheap as possible... understandably, as lots of people didn't get the number of shares they wanted, if at all. Others are looking ahead beyond these lows at a return to a more 'acceptable' SP. But let's not kid each other that there's not two parties wanting the immediate SP to go in two different directions. 'Stones' + 'glass houses' springs to mind when calling "mind games", Static.
As for the SP, I think we'll know on Monday if today was the bottom.
I think it's fair to say though, that most of those that bought earlier (3p or less) will have either sold during the spike, or held on because they believe the SP will end up significantly higher... I doubt they'd now see this 6p and say "oh, yes please!"?
I think hitting 5p is not as "guaranteed" as some are making it out to be. It could happen, although I personally think there'll be people wishing they bought in now, at a little over a penny more than 5p... remember that this was (clearly hugely) oversubscribed, and the poor Open Offer will likely mean people will end up with less additional shares than expected.
On top of this, all it takes is a positive RNS (TR1 update perhaps) and I doubt we'll see these sorts of lows ever again.
GLA, and congrats to those grabbing an absolute bargain today!
Guessing most are on this already, but EQT have great potential too.
I second that steve124. Big shout out to whitto for the updates throughout the day. It's certainly appreciated by all!
Also noticed this roace, my thoughts are that it could be partly MMs and partly external factors.
I hold positions in VLS, EQT, PHE and previously ITM, and I imagine a fair few others will be in a similar boat. We could've witnessed a case of selling profits in one or more companies to offset losses in another - ITM SP has taken a big drop in these last few days (50pts today alone). That being said, I'm also of the mind set that MMs definitely manipulate the SP/shake the tree, so we might have been getting hit from both sides, combined with the effects of several people panic selling. Just my thoughts.
This is exactly what I think it is... just as people jumped on the bandwagon to buy, they're on the bandwagon to sell. I think a lot of people bought in at a fairly high price, expecting the SP to keep shooting upwards. Not only that, but there's been a lot of de-ramping on Twitter and even this BB. Once these panic sellers/short term traders have exited (hopefully by the end of today), we may see a more acceptable SP return.
It can indeed be a bit soul destroying Sean, but at the end of the day, the news hasn't changed... the RNS' and government backing are very, very positive - that hasn't changed. The SP definitely is news driven, and there's multiple possible scenarios that could raise the SP in the nearer term, as well as the development of the Altalto project, the Bayou Fuels project (US) and whatever else is in the pipeline that could raise the SP in the medium-long term.
I'm of the belief that those able to hold tight and weather this storm will come out the other side smiling. Either way, GLA.