focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
29 Nov 2023 11:06
Hardman & Co Research Hardman & Co Video | Surface Transforms (SCE) Open Offer and Q&A 29-Nov-2023 / 11:06 GMT/BST The issuer is solely responsible for the content of this announcement.
Hardman Talks Video | Surface Transforms
Surface Transforms Open Offer and Q&A
Following the recent announcement of a placing and public offer by Surface Transforms, the management team of David Bundred, chairman, Kevin Johnson, CEO, and Isabelle Maddock, CFO, appeared on Hardman Talks to explain the need for further funding. This will support the expansion in manufacturing capacity, itself driven by strong customer demand. Watch it here: https://youtu.be/FWWNhGPfrds
RNS 4th July 2023
'Upon attendance at the RBZ, and in consultation with the bank’s internal legal counsel, the Deputy Sheriff agreed that the RBZ would confirm, in writing, the process that would define the procedure for the orderly and secure hand over the parcel to the Company, which includes the procedure for valuation for royalty purposes, export permits and Kimberly Process Certification.
Thereafter, the Company and RBZ will put in place logistics for the removal of the parcel attached by the Deputy Sheriff under the writ of execution.
The Company notes that until the process has been finalised and implemented there is no certainty as to the precise timing for the recovery of the parcel and will update the market as soon as there is a material development in this respect.'
To me this implies that RBZ see stipulate that Vast needs a plan (funded by Vast)!to transfer the diamonds securely, direct to a Kimberly Process laboratory etc.
ASI, thanks for sharing your understanding about the KP process and how certification fees could be funded.
Just one more thing - your comment about cleaning the diamonds got me thinking. As the KP certification is effectively a forensic evidence type investigation (of each diamonds origins or 'providence') the 'dirt' itself would provide invaluable information of the source.
As most of us understand about how cross-contamination can often render forensic evidence as inadmissible, could it be possible that the 'parcel' could be cross-contaminated? If so, this could potentially halt the process.
Thank you for the detailed reply ASI.
I assume the KP fees will need to be paid upfront (including those stones for which go through KP, but not certificated).
Ideally this should be explained upon fully in an RNS .
Has there been mention of the certification cost for each individual diamond?
That will include paying for the KP on diamonds which may not achieve certification.
The cost of KP certification process could be in the £millions.
Where will the money come from to pay for this?
My take on the last 'Company Update' RNS on 18/09 was that it gave notice there would now be no expectation of a 'Company Update' RNS on 29/09.
If no RNS arrives at all tomorrow, then it's quite simple to understand why not. They've covered themselves.
Https://petition.parliament.uk/petitions/635145
Remove VAT on veterinary bills and medication.
At the moment people with companion animals have to pay VAT on all veterinary bills despite the treatment being essential.
At 10,000 signatures...
At 10,000 signatures, government will respond to this petition
At 100,000 signatures...
At 100,000 signatures, this petition will be considered for debate in Parliament
Share this petition
Can AMTE survive, by shelving production plans, simply specialising in R&D and licensing?
Viscount Thurso's holding now worth £375.
So Jeremy Hunt has a consistent stance on subsidies?
https://amp-theguardian-com.cdn.ampproject.org/v/s/amp.theguardian.com/business/2023/may/19/jaguar-land-rover-offered-500m-in-subsidies-to-build-battery-plant-in-uk?amp_gsa=1&_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=16874423515993&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.theguardian.com%2Fbusiness%2F2023%2Fmay%2F19%2Fjaguar-land-rover-offered-500m-in-subsidies-to-build-battery-plant-in-uk
'The UK government has given £20bn more in support to fossil fuel producers than those of renewables since 2015, the Guardian can reveal. The research, commissioned by the Liberal Democrats, found that while renewable energy was given £60bn in support over that time, fossil fuel companies were given close to £80bn.'
9 Mar 2023
Guardian
Scotland's first minister is pushing for more UK investment into AMTE
https://www.pressandjournal.co.uk/fp/business/5624656/amte-power-thurso/
FYI
YouTube:
Search:
'SPECIAL: UK Battery makers moving to the United States?'
'Transport Scotland
HomePublicationsMeeting - Trials and supply chain - Zero Emission Truck Taskforce - 23 June 2022
Impacts on the supply chain
PDF version
View Impacts On The Supply Chain
Abbreviations
BET - Battery Electric Truck
CET - Catenary Electric Truck
EU - European Union
ERS - Electric Road System
FCET - (Hydrogen) Fuel Cell Electric Truck
Fuel Cell - A device that reacts stored hydrogen with oxygen from the air to provide electrical power
ICE - Internal Combustion Engine
HDV - Heavy Duty Vehicle – road vehicle over 3.5T, e.g. HGV, buses, coaches and ‘vocational’ vehicles such as gritters, refuse collection vehicles
HGV - Heavy Goods Vehicle
LCF - Low Carbon Fuels
OEM - Original Equipment Manufacturers
PEMD - Power Electronics, Motors and Drives
R&D - Research and Development
UK - United Kingdom
ULEV - Ultra Low Emission Vehicle
ZET - Zero Emission Truck
Introduction
Purpose of this paper
The purpose of this paper is to provide the Taskforce with an overview of key elements of the vehicle supply chain and issues over the vehicle lifetime that are critical to HGV decarbonisation.
The HGV supply chain and use landscape can be considered as a number of stages from manufacture to end of life as presented in Figure 1 for HDVs.
This paper focuses on HGVs and covers the impact of producing Battery Electric Trucks (BETs) and Hydrogen Fuel Cell Trucks (FCETs) on:
the vehicle production process - the manufacture of parts, components, systems and fuels, vehicle manufacture and conversion; and
vehicle maintenance and end of life.
Implications for Scottish firms and institutions are also drawn out.
The focus of the paper is on the impact of shifting to ZETs on the vehicle supply chain rather than on current supply chain issues relating to other external factors.
The impact on skills will be covered in a separate paper by Transport Scotland.
The Taskforce is asked to consider how can we maximise the involvement of Scottish suppliers and Scottish R&D in the design and development of any trials.
Where do OEMs see most potential for Scottish firms adding value?
How can operators make best use of local expertise?
Definitions and assumptions
Four main types of vehicle powertrain technologies are expected to contribute to the pathway to zero emission trucks – Battery Electric Trucks (BETs), Hydrogen Fuel Cell Trucks (FCETs), Catenary Electric Trucks (CETs) and Low Carbon Fuels (LCFs). The literature review did not reveal information on the impact of CETs and LCFs so these technologies are not covered in this paper. In the case of CETs, effects on the vehicle supply chain are expected to be similar to BETs. LCFs are likely to require minor modifications when compared to BETs and FCETs.
The supply chain for ZET production is defined as follows (Based on definitions used in Optimat study):
OEMs – manufacturing and integrating different components and systems into the final vehicle;
Tier 1 suppliers – pr
0ne may assume that executive Alan Hollis has intentionally trashed the share price, hand forced, the condition prospective institutional Investors.
The likely outcome here may be a placing at below 10p.