Member Info for Mikemine

Thanks DHC. I think over the years good managers have recognised that they must keep shareholders updated and not treat them as mushrooms. In Oz public companies are required to give quarterly updates. In this case, I'm sure our CEO is fully aware of what is required. I didn't expect it to be so quiet today.

I'm fairly new here so I don't know how the BOD treats news. Do you think that VLS will wait until they have identified the problem, found the solution and fixed it or would they just tell us they've identified the problem and let us know what it is. Either way would reassure the Market but one would obviously take longer than the other but would be more reassuring. For what its worth, I'll be buying more today like quite a few other bargain hunters it seems.

Managed to get in at sub 13p today. Couldn't believe it. I nearly bought the top-up yesterday but decided to wait for a bit of weakness. In profit already which is very unusual for me. I'd think that they can find the problem quickly, probably have already, so they might be in a position to issue another more positive RNS fairly shortly. Anyway panic over looks like.

Probably because of it's affect on cashflow which had been expected positive in Q2. Also they might have thought the issue news should come from them, to explain it properly, rather than through a leak (no pun intended).

There's 2 ways to go IMHO. Either the fault is in design or in a part of a component, faulty seal or something. The faulty design is potentially the more serious but either way the problem will be fixed. Project forward to the next RNS on the subject. Something like "We've found the fault and are in the process of fixing it. We've learned a lesson here which will make future and existing projects more robust. We now look forward to the plant being cash positive in Q3." What would happen to the SP then? Remember Warren Buffet's words at times like these.

PS I forgot to mention that I've just taken the opportunity to invest my grandson's college fund, or part of it, here at these prices.

Like all projects, there is always the possibility of things going wrong. What has gone wrong is a leak not the discovery that the whole concept is flawed. The leak will be fixed, thats what happens in engineering, and lessons will be learnt about the hardware. To value the whole company at 25% less because a component has failed is ludicrous IMHO. Its like valued your house at 25% less because the boiler breaks down. The worst thing for me in the RNS is that the plant is unlikely to become cash positive in Q2 but I also notice they didn't say this year.

16.55 to sell, 17.00 to buy from my broker's quotes

I didn't really understand RINs so dug up this which makes it more understandable. https://www.ethanoltoday.com/index.php?option=com_content&task=view&id=5&Itemid=6&fid=11 I have a bit more understanding but still trying to understand the full implications beyond the obvious. Seems like they develop a market to trade these things. All good from VLS's point of view.

Having looked at VLS's website and the work in the pipeline, I'm trying to work out what we might expect next. Its all speculative of course. We're told the emphasis is now on growing and developing links with strategic partners, presumably present and future ones. We are a very small company, albeit with very large IP and engineering ability, so the prospect of us churning out lots of waste to fuel entities on our own is pretty remote. The strategy of finding others who can initiate such projects is sound and necessary IMO. We have 3 projects to handle which should keep those who like nuts and bolts happy but the more likely news releases will be about lining the ducks up with other players. Get it right and VLS will progress quite happily but I don't think any news of tie ups will set the Market alight although it should. I could well be wrong, and I hope I am, but The Market is all about "show me the money" atm. We, however, should welcome any link up news and put great value on them. The more link-ups we get the more validation of the technology we will get and the Market should take VLS more seriously via market value. The BOD's are playing a blinder atm, IMO, and they are adding value which is not recognised as much as it should be. It might carry on like that for a while, or not, but quality is always recognised eventually. The charts look bullish. We just need a few more to see the obvious.

Thanks DHC. You keep referring to $45mn but how are you including the $6mn already paid. I read that as an addition to the $15 plus $30mn over the lifetime of the project. Incidentally I rang VLS to ask them what the lifetime of Lakeview was. Their PR had no idea and the girl said she'd ask around. I haven't heard back. I also going to ring Red Rock and ask them a few questions but my situation precludes that. Among the questions was why they chose VLS as a partner. It'd be nice to hear how we compared to others. We may also hear of some form of revenue stream from Oklahoma which we have been told should start in Q2 or was it Q1. The financial statement should be very interesting reading. Have a good weekend everybody.

My broker has this as 16.54p closing price. I assume its the mid price but you never know. Anyhow its no real change today. Pity we didn't break 17p but there's always next week.

Am I dreaming or didn't VLS say recently that their interims would be out on the 17th May. I've read so much recently it could have been some other company.

Only 300k shares traded so far which is only around �50K. Looks like everyone is taking a break to see what direction is next. Charts look very bullish to me.

Thank you AveryB. Looks like a decent point of entry before the next rise if things go according to plan.

Yes i did mean I was not great on reading charts. Any views on the golden cross?

Not great on charts but is there a golden cross coming up? Not quite there but not far away.

I noticed 200dma was being crossed by the 50dma. Is this a golden cross?

Its 16.8p to buy atm according to my broker so very near your 17p. Does anybody do charts here? If so can you tell us what you think they indicate.

I sunk a fair chunk of money into VLS today after much research and the addition of info from these BBs. I don't tend to take advice from bloggers but its sometimes a quick route in to research so thank you. You know who you are. My take is that VLS have developed a world class asset and spent a lot of money in the process so I am buying into a ready to go company. Not blue sky any longer and I don't have to finance the development. They are what can only be described as the beginning of a meaningful revenue stream with a Red Rock order which has already seen $6mn come our way with another $45mn to come although most of that will come over a period of years. Red Rock should come through with more orders and therefore more revenue for VLS at some point. But nevertheless VLS are revenue producing. There are other projects which should come to fruition some time. You know the ones. VLS are in the right area as far as I can see, renewable energy. Very popular with the investors I reckon and very popular with governments. Whats not to like about that. Listening to the CEO, VLS are now busy cementing strategic partnerships with companies that will take the donkeywork out of getting orders. VLS will get carried along with their success. It won't be a question of hawking their wares around the world which is very tiring and time consuming. These other companies will give reach and energy that VLS, a small company, could only dream of. Anyway, thats why I'm invested and I thought you might be interested to hear my reasons as I'm a new investor here. I don't know about VLS being a 10 bagger, my ambitions are more modest, but I can certainly see the SP doubling this year. Lots of upside from here with not a lot of downside risk although, this being AIM, the SP could well retreat some but I'm used to that as I bet most of you are.