The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Use of Proceeds and Pipeline Investments
The net proceeds of the Fundraise and Open Offer after expenses will principally be used by the Company to finance further investment into current portfolio companies and projects and investment in new opportunities within the cellular agriculture sector (and other related sectors). The Company currently is in advanced discussions to make investments of up to US$52 million in 6 new and existing portfolio companies covering category leaders in both cell culture and fermentation technologies and spanning the range from pre-seed to series B. In addition to these very near-term opportunities, the Company has a significant pipeline of additional identified leads and expected funding rounds for existing portfolio companies.
cont......
We know the world has to be safe for freedom-loving democracies. That is why we are working robustly as security partners. Our air forces now conduct regular exercises, and HMS Richmond showed the strength of our ties when docking in Haifa’s port, as part of the Carrier Strike Group’s global deployment.
We stand united in condemning the appalling attacks on Israel and its representatives, from the shooting in Jerusalem last week by a Hamas militant to the unacceptable hounding of Israel’s ambassador, Tzipi Hotovely, outside the London School of Economics.
There is no place for anti-Semitism anywhere in the world. That is why the UK has moved decisively to support Israel in this fight by proscribing Hamas in its entirety. The Holocaust Memorial and Learning Centre, planned for near Parliament, will stand as a constant reminder, and demonstrate why we must stamp out anti-Semitism and hate.
We will work night and day to prevent the Iranian regime from ever becoming a nuclear power.
There is no greater sign of what can be achieved through open dialogue than the Abraham Accords. The UK was one of the first countries to celebrate publicly this historic step towards normalisation in the Middle East led by Israel, the United Arab Emirates, Bahrain and Morocco, and mediated by the United States.
One year on, the UK is continuing to play its part in supporting Israel as it works more closely with partners in the region.
Israel and the UK are the closest of friends, and today we become even closer. Together we ensure the future is defined by liberal democracies who believe in freedom and fairness.
Liz Truss is Britain’s Foreign Secretary, Yair Lapid is Israel’s foreign minister
We believe in democracy rooted in freedom – which empowers citizens with the opportunity to innovate, create, and fulfill their dreams
Liz Truss
Yair Lapid
29 November 2021 • 6:00am
Many fear the skies are darkening worldwide due to the pandemic, the threat of terrorism and hostile actors seeking the upper hand. But we believe that, with the right approach, freedom and democracy will prevail.
That is why Israel and the United Kingdom are today coming together in London to take a major step forward: transforming our close friendship into an even closer partnership by formally agreeing a new strategic plan for the next decade, spanning cyber, tech, trade and defence.
This pact will spur technological breakthroughs, which have the potential to change the world, create high-quality jobs in both our countries and provide tools to our security forces. But more than that, it is a victory for optimism.
We believe that a democracy rooted in freedom – which empowers citizens with the opportunity to innovate, create, and fulfill their dreams – is the finest form of government. As outward-looking, patriotic nations, we know that the best way forward lies in building stronger economic, technological and security ties with like-minded partners.
Our recovery from the pandemic will be fuelled by free enterprise, free trade and investment. We have built a trading relationship worth £5? billion, led by companies like Rolls-Royce supplying jet engines to Israel’s national airline and the Israeli pharmaceutical giant Teva now providing one in six of the NHS’s prescription medicines.
But our great nations can do so much more to create jobs and fuel economic growth. That is why we will pave the way to negotiating a bespoke UK-Israel free trade agreement. We know the opportunities of the future will come from technology, which is why Israel and the UK are going further and faster to innovate. Our partnership will keep us at the forefront of the technological revolution and maximise our competitive advantage. The UK will also open its doors to high-growth Israeli tech firms.
With the world increasingly threatened in cyberspace, we will work together to defend ourselves. Israel will officially become a tier-one cyber partner for the UK, recognising how much more we can achieve together as tech leaders with world-class cybersecurity expertise.
As science and tech superpowers, Israel and the UK are putting our prowess into action, leading the world in our vaccine rollouts and in developing billion-dollar tech unicorns. It is no surprise that the UK was the first country to establish a special mission to Israel to boost tech cooperation, helping us set the standard for modern business.
The implications of this for AVA6K - and indeed #AVCT's entire pre CISION platform - are immense. The FDA would have considered 2+ months of data generated by the dosing of the first 3 patients in the UK. Its approval for the trial to commence in the US speaks volumes
Also to note:
@avacta
#AVCT "continues to expect the dose escalation phase for this trial to complete by Q2 2022 followed by completion of the dose expansion phase around mid-2023." First dose escalation thus to occur imminently - which means AVA6K targeting IS working. 2/3
This is by far the most important sign to date that #AVCT's pre CISION technology - targeted chemotherapy to spare systemic toxicity, thus allowing multiple more, and more powerful dosing of chemotherapy - is working IN MAN.
Could be worse - at least it isn't at a big discount.....exactly...8% is a v generous offer...ETX raised when sp wwas 20p+...at 12p...nearly 50% discount....sp. now c 45p...I'm not sure I understand why some folk always feel thetyare being hard done by in this sort of situation.
The offer document,attached to the Rns is immensley transparent/detailed etc...far more than is usual(in my limited experience)....what more do you want.?
An exiting future here IMHO....
Velocys PLC
Longspur Research initiates coverage on Velocys
November 1, 2019Source: RNS
Professional investors who wish to view the report can do so through the Research Tree website here: Longspur Research on Velocys.
https://markets.ft.com/data/announce/full?dockey=1323-14290025-04DHT5Q0OLR7OE7A48LMSP3AR3
Extracts from Longspur
OFFTAKE SECURED FOR BAYOU
Velocys has announced two offtake agreements which together will secure output for 100% of the production of its Bayou project in Mississippi for 10 years with 2/3rds secured for 15 years. This significantly de-risks the project in our view opening up the route to debt financing. We see the expansion of the partnership with IAG and the new relationship with Southwest Airlines as confirming the validity of the Velocys sustainable aviation fuel (SAF) solution.
Deals represent multi-billion $’s in project revenue
Velocys has signed a fifteen-year agreement with Southwest Airlines (LUV US) for 2/3rds of Bayou’s output and a MoU for a ten-year agreement with IAG (IAG LN) for 1/3rd, with the MoU expected to convert to a binding deal within six months. The agreement terms will start in 2026 when the project is expected to enter into commercial operation. Note that under the Velocys model the company will receive revenue from the project well ahead of that date from engineering, catalyst and reactor sales. The combined deals cover output of 292m gallons but because the Velocys process is a negative emissions fuel, this can be blended with regular jet kerosene to produce c.767m gallons of zero carbon fuel. The combined agreements could generate project revenues in the multi-billions of US$ as well as saving 8.7mt of CO2...
"Deals represent an expansion of third party support
IAG is already a partner in the company’s UK Altalto project at Immingham and we see this new deal as a significant widening of support from British Airway’s parent. The MoU includes an option for IAG to invest in the project development phases potentially further increasing IAG’s support. Southwest Airlines is a new partner for Velocys and in our view shows that the Velocys SAF solution is gaining traction. Included into today’s agreement, Velocys and Southwest have entered into a long-term strategic relationship, potentially providing underpinning for future projects.
Agreements point to demand
Taken as a whole, we see these agreements as highlighting significant potential unmet demand from the airline industry as it faces increasing pressure to decarbonise. The Velocys proprietary Fischer Tropsch technology brings a negative emission, drop-in, solution that can be blended with existing fuel to reach a net zero outcome with no need for changes in infrastructure or airframes. "
Velocys PLC OXFCF:OTCPK
RT Quote | Exchange | USD
Last | 1:40 PM EST
0.1499quote price arrow up+0.0449 (+42.76%)
from Jet2 Interims
Jet2.com has pledged that from January 2022 it will offset every tonne of carbon not already covered by its contribution to existing emissions schemes and it will use a percentage of UK-produced Sustainable Aviation Fuel by 2026
givmesunshine
https://www.centralmaine.com/2021/11/17/fayette-officials-moving-forward-with-wireless-contract-negotiation-for-townwide-coverage/
Officials since met on Election Day to hear a public presentation from Redzone. The company’s offer includes internet access throughout the entire town, up to 500 megabits per second, or mbps, download speeds, and 100 mbps upload speeds.
The new service is made possible through a collaboration with Tarana Wireless, whose Gigabit 1 technology “delivers fiber-class speeds and quality over non-line-of-sight connections at long range — in an unlicensed spectrum — that are immune to interference and changes at the scene,” according to their website............................................
Under these premises, China's rare earth must sell at the price of rare earth," Lin said.
In March, the Ministry of Industry and Information Technology stated that China's rare earths were not sold at the price of rare earths but sold at a price of 'earth'," which is regarded as a signal of drastic changes in the industry.
In the context of carbon neutrality and China's industrial transformation, the value of rare earths has also increased.
China's strategic goals of "carbon peak and carbon neutrality" are an opportunity for the country's rare earth industry, because the development of new energy vehicles and clean energy construction has a huge connection with rare earth, experts said.
The China Northern Rare Earth (Group) High-Tech stated on an investor interaction platform on Wednesday that the company's export revenue accounted for a relatively low proportion.
In the future, the company will increase its research and development efforts to promote the development of the rare earth industry to downstream high-end and high value-added fields, according to its statement.
The price of China's rare earth reached a historic high. While it may go down like other bulk commodities, it may never return to the very low level where it was because of the rising environmental costs and other factors, Lin said
Rare earth prices have broken a 10-year high on Thursday, driven by the development of emerging industries, tight supplies and the consolidation of industries at the national level. Insiders said that this could be an indication that marks the end of the era of the irrationally low prices of China's rare earth.
Within 3 minutes after the opening of the market at the 85th High-Tech auction by the China Northern Rare Earth (Group), the four targets of 20 tons of neodymium praseodymium all reached the alarm price and were sold at a price of 930,000 yuan ($145,452) per ton, according to Baotou Rare Earth Products Exchange on Thursday. This price has broken a 10-year high record.
At the same time, the profitability of rare earth companies has also greatly improved. China Minmetals Rare Earth stated in a recent announcement that the company's 2021 operating revenue target is 2.7 billion yuan ($422 million), an increase of about 63 percent from 2020 operating revenue of 1.66 billion yuan ($250 million).
Industry insiders said that the recent price increase was caused by the two-pronged effect on supply and demand. However, the effects on supply are more obvious.
The trade manager of a domestic rare earth company told the Global Times on Thursday that the price jump is the result of high market demand and short supplies.
"All the bulk commodities are rising substantially in recent months and rare earth certainly is not exception," he said.
The fundamentals of supply and demand are expected to support rare earth prices to continue to go up, since the fourth quarter is the traditional peak season for downstream demand for rare earths, experts said.
Australia's Lynas supply, which accounts for 10 percent of the global light rare earth output, has tightened leading to a decrease of 10 percent on the output of neodymium praseodymium oxide in Q3 from the previous quarter and a year-on-year decrease of 6 percent, according to media reports.
Moreover, Myanmar's rare earth exports have reportedly shrunk due to the global pandemic.
At the same time, China's rare earth export has continued to remain at a high level. In October, the export volume of rare earths reached 4,330.4 tons, a surge of 89.27 percent year-on-year, according to data from the General Administration of Customs.
Meanwhile, the cumulative export volume of rare earth, from January to October this year, exceeded 39,967 tons, a year-on-year increase of 39.4 percent.
Driven by the strong demand and tight supplies, the export price of the rare earth also increased to 3.44 billion yuan, a year-on-year growth of 78.5 percent.
China has no obligation to be a "rare earth supplier" to the world, Lin Boqiang, Director of the China Center for Energy Economics Research at Xiamen University told the Global Times on Thursday, noting that China's rare earth must ensure the safety of the supply chain and the sustainable development of the environment.
"Under these premises,
someuwin
11 Nov '21 - 13:51 - 4120 of 4125
0 4 0
Missed this from 10 Sep 2021...
White House commits SAF pledge
Biden administration cites Velocys as it seeks to advance US SAF industry
"Velocys has been cited in a White House briefing paper which sets out the Biden administration’s plans to increase the use of sustainable aviation fuels (SAF) over the coming years to meet net zero and economic goals.
In the briefing FACT SHEET: Biden Administration Advances the Future of Sustainable Fuels in American Aviation, the White House states that coordinated leadership from federal government, including action across the Departments of Energy, Transportation, Agriculture, Defense, the National Aeronautics and Space Administration, the General Services Administration, the Environmental Protection Agency and the aviation sector will “result in the production and use of billions of gallons of sustainable fuel that will enable aviation emissions to drop 20% by 2030 when compared to business as usual”.
Key actions being taken include the launch of a new ‘Sustainable Aviation Fuel Grand Challenge’ to inspire the dramatic increase in the production of SAF to at least 3 billion gallons per year by 2030 and new support for SAF projects and fuel producers totalling up to $4.3 billion alongside ongoing funding opportunities.
Velocys’ Bayou Fuels project, located in Natchez, Mississippi, is cited as a project that will “help us achieve our 2030 goals”. The factsheet notes: “Velocys plans to produce 300 million gallons of blended SAF per year from waste woody biomass and MSW [municipal solid waste] processed by Fischer-Tropsch processing”.
With the US SAF industry poised to grow rapidly, the briefing also points to federal plans to release an aviation climate action plan in the near future, which will set forth a comprehensive plan for the sector.
Velocys welcomes the Biden administration’s commitment to using federal powers to accelerate the United States’ deployment of SAF. This highlights the need for technology solutions such as ours to achieve aviation decarbonisation and climate change mitigation."
https://www.bbc.co.uk/sounds/play/m0011bfk
Sir John Bell @ 1.35 hrs
..........£500 a crack....sounds like a snip for those aged folk with underlying...dont' you think?.....(not.....in case the irony is lost on some here)
Our preliminary analysis of a potential project financing scenario suggests valuation upside to over 100p as Mkango progresses to commercial production over the coming years, before making any allowance for potential income from recycling ventures.
Bill Gates: Funding clean technology is the way to avoid climate disaster | Free to read
We need to turn lab-proven concepts into ubiquitous products that people want and can afford to buy
Bill Gates
https://www.ft.com/content/ea71f4f8-e5d8-4324-a42c-8fa09ccb1cc5?shareType=nongift
By Jessica Jaganathan
SINGAPORE, Oct 25 (Reuters) – Demand for liquefied natural gas (LNG) is expected to rise by 25 to 50% by 2030, making it the fastest growing hydrocarbon over the next decade, analysts from Morgan Stanley Research said in a note on Monday.
Morgan Stanley has raised its long-term LNG price outlook to $10 per million British thermal units (mmBtu), expecting spot prices of the super-chilled fuel to average 40% higher over the next decade, versus the past five years.
Asian spot LNG prices hit a record above $56 mmBtu earlier this month as surging demand ahead of the northern hemisphere winter spurred by an economic rebound from the pandemic outstripped supply. ...
Morgan Stanley said at least 73 million tonnes per annum (mtpa) of new projects are needed to meet LNG demand by 2030. This will require an additional $65 billion of new projects, on top of the $200 billion of projects already under construction which were sanctioned since 2019.
"Contrary to investor expectations, the world is going to need more LNG in the initial phase of the energy transition," the analysts said.
"Competing technologies for natural gas are not being developed fast enough, and there are significant benefits in reducing coal consumption while greener fuels are commercialised." Projects with lower emission intensity will be more sought after and are more likely to progress, they said.
While higher gas prices are likely to underpin further investment in LNG, supply will be slower to respond than in previous cycles, the analysts said.
"This will be driven by uncertainty over medium-term demand along with more capital discipline from the industry, including diversification into greener energies," they said.
"We think investor sentiment towards LNG-focused companies is likely to increase given better prices and returns expectations." LNG demand will outpace growth in other hydrocarbons over the next 10 to 15 years, they said, adding that oil demand is expected to grow in line with recent averages while coal demand is expected to be flat.
Asia, where coal makes up a high proportion of the energy mix, will be the key driver for LNG demand growth led by China and India as well as Taiwan, Thailand, Bangladesh, Indonesia and Malaysia, they added.