Member Info for Russelw65

Couldn't understand what exactly it was....

Agree with that. This is the biggest news the company has ever announced.

Why this UKEF funding is taking so long is beyond me. I know Government moves slowly but I am starting to worry about the credibility of management now. The longer it takes the more risk it won't happen IMO.

This is a clever JV I think. AFC is not where it should be, but at least there is some substance to this deal (unlike a lot of the others!!!!)

I agree that the lack of mention about BA or the relationship is worrying. I have brought this up with the chair plus other areas of concern around what they are actually doing. I suggest anyone else concerned does the same by emailing the chair.

10% up looks very mean.

Minimum £60m contract with a £5m initial payment. Ehhhhh helllo...... This is the second largest deal the company has done (after FSS). Wakey wakey people.

Also UKEF financing coming. As company said...... "...expect refinancing to be completed in early Autumn 2023".

That is a lot of PR turd polishing from the PR firm FTI.

SLOOOOOWWWWWW PROGRESS.

Wahooooooo. Great win!!!

I am not bothered by the Notice to Proceed.... as they are paying £5m to HARL "immediately". You do not do that if you are not proceeding!!!

Lets also not forget.... will John Wood do a LSE presentation on 25th July if there was not some good news to report about?

Ehhhh no. He's not exactly gonna go on an LSE interview and say 'hello no changes, but we're still working hard', haha

Not exactly great news. Where is the proper business update they said was coming?

I think they said it was to be around summer.

Fingers crossed.

There was a guy on Twitter who writes about HARL and he said management had posted FROM Newfoundland which is where the Searose is based. HE's a right detective this guy. Why would they be there if they were not doing a deal?

The company is due some sort of update on what is going on. Private investors just sititing here waiting....

I have also noticed that whenever the CEO does an interview on LSE it is always off the back of some BIG news.

So if I am a guessing man and combined with the CEOs comment around "We are seeing significant traction in contract fruition going into Q3'23 and beyond" I am expecting a good few months

Can anyone point me in direction of something good? like the look of this stock

BA are joint partners in Altalto with velocys.

So I read the "existing private sector participants" as them. There is no-one else but British Airways!!

The funding for Altalto project is different to the funding of velocys. Very simple really I think....

Funding for altalto = Govt grant + private investment + company

Funding for company = shareholders + new investors.

It even says in the Altalto update on 10th may ... "the project has obtained the first tranche of private funding for the period from 1 April 2023 from its existing private sector participants."

Lol.... you need to wrap a cold towel around your head.

there is a lot of emotion on here, lol.

company needed funding.... market is ****... were people expecting a fundraise priced at a premium?

they have a big green investor on board whose name is all over the announcement....great! and they are dual-listing in the us so there will be a big moment and proper valuation for this company and its tech.

that is my two pennies.... take the emotion out and read it for what it is. funding + us investor + route to dual listing

A little confused myself. Altalto is owned by Velocys (it says in the RNS " wholly owned by a subsidary of the Company") so they are the same thing no?

This grant is for Altalto though, not the company's overheads.

when is the OUTCOME of the JR known? How long does it take?