PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Something that's quite interesting is the £15m competition to support the production of sustainable aviation fuels in the UK. Maybe nothing groundbreaking in the paper but it supports the main investment thesis here.
The Government is set to release its widely anticipated Energy White Paper today which will provide plan for fuelling the growth of a green economy over the next decade.
It is an incredibly important paper and one element of this is sustainable fuels and carbon capture and storage, which bodes really well for Velocys. Any announcement by the company will really kickstart the growth in this share price, in my opinion.
Even after the recent rice in share price, driven by Myles McNulty trading it and constantly banging on about it on Twitter, I still feel market underestimates the potential importance of the Energy White Paper here.
2019 revenues for UK sites were £3.8m. Assume average of 5 people per booking so £100 revenue per booking. To match 2019 revenue, you need £3.8m / £100 / 52 weeks = massive 730 booking PER WEEK.
Escape Hunt are now open Thurs - Sun only...look at the bookings on their website and you will see they are getting nowhere near that. They may have cash but they will burn through that if bookings do not increase. 2020 results are not going to be pretty and if COVID restriction continue then it will only get worse.
Justin may be plugging this like a madman but you have to wonder why. Maybe in the long term it will be good but very high risk at the moment?
£80.5 million of sales in H1 exceptional! Forecasts for the full year are around £120 million so this is poised to smash those too. Some big growth ahead. F1 has been a real winner, it's such an important game for the company.
I think we have to accept that this share is traded a lot and is what mainly drive the short term price. With no immediate news expected, traders move on to gamble their money elsewhere and look for that 20% in a day return they crave (especially with no speculation to drive the share price up or hype that it is the next 10 bagger). As the share price falls, their stop losses are triggered, or not seeing a quick return they decide to sell, further reducing the share price.
This can only be good for long term holders who strategically invest when the share price consolidates. Look at the market cap and it is around £5m. Does that seem fair to you when looking at comparable companies? I said this just after the consolidation when the share price was 5p. This time there is £2m in cash also. Yes, that money will be spent but hopefully it will go towards demonstrating that a mine can be feasibly developed, ticking off items along the way in the development processs (e.g. hydro, enviro aspects) and showing that the NPV of the project is significantly higher than expected.
I don't usually recommend to buy EUZ as it's my shoot for the stars company but I think there's been such an over reaction/boredom here that it's looking like really good opportunity again. And we can get in below placing price. Those investors who participated will be far, far more knowledgeable about the coming and will likely know the long term plan better than any of us (unless anyone here has close links with management).