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You may find this of interest too,it would appear the UK plant plans may be getting a nice boost shortly as the company is meeting with a transport minister in ref to the F4C program ( some key funding incentives available ). http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn:VLS.L&thread=12289073&it=le&action=list
http://www.nortonrosefulbright.com/knowledge/publications/21661/takeover-bids-for-aim-companies-what-you-need-to-know Have just been reading through the various legislation regarding T/O on Aim,if you join the dots it may explain why the placing was done when it was done and at that price.A certain big holder was sitting at 29% prior to this event and now has been moved back somewhat,which makes the new involvement of Sir Micheal Hintze all the more interesting to say the least.If MH takes all Invesco shares it would sit him at around 16% to 17%. Ervington Investments Limited (25.0%) Lansdowne Partners (23.0%) Janus Henderson Group (11.9%) CQS Directional Opportunities Master Fund Ltd (9.1%) Invesco Asset Management (7.1%) This could get rather interesting as this develops IMVHO
DBH, I agree :-)
Smithy,good post and I would also mention that the value here is the "intellectual property" ,there has been a lot of money invested stateside largely on unproven tech thus far so with Velocys now with proven tech qualifying for the maximum D7 credits it makes this an exciting proposition. I can see VLS running say a handful of plants in various locations,but then licence out their tech globally on a non operated basis where they would get royalty payments from every gallon produced. In summary this could become a very lucrative and profitable business if managed correctly,hence my previous mention of this becoming a T/O target.One of the big boys could take this out for a fraction of the environmental taxes they pay and inherit a sustainable growth business. Why do we have two wealthy billionaires with large holdings here ? They know the ROI here could be large. All IMO :-)
That is quite simple,if you look at the various governments around the world and the direction they are moving their legislation it is clear that the "waste to fuel" market is where they are pushing the incentives the highest for obvious reasons.We are about to get legislation here through Uk parliament to that effect,and it is likely to offer similar incentives that the yanks offer which will put VLS in the box seat in terms of UK. However I think our next news will be a partnership deal on the Natchez Plant in the USA and it could drop anytime because a heck of a lot of work has already been done on this. As for current trading,you only need look back a few weeks for a clue,it appeared nothing much was happening but actually Sir Micheal Hintze Cayman Fund took 30m+ shares when during the period in question less than 10m shares were openly traded on the market.We are seeing the same thing reply now IMO and I would not be surprised to see them move onto a 15% holding. All IMO and Dyor
DBH,interesting post,also Velocys are owed �11m + by Envia so almost all current market cap is made up of cash and loan etc.I think now we have those RIN,s we will see shortly a raft of news on various fronts as I have a hunch behind the scenes things are moving fast on getting these new plants underway. We must be due a holdings Rns very soon,i think the Cayman Fund might have added another nice chunk IMVHO
I mentioned yesterday about Invesco selling down a number of their positions due to internal issues,i would not be surprised to see Sir Micheal Hintze Cayman Fund has taken most of their remaining shares in last week or so and putting them at 15% to 16%. Keep an eye on next holdings RNS :-) All IMO dyor
Satishd,you could easily see this over 20p in the net week or so IMO,velocys are in Amsterdam today at a special conference and there are some big names present looking to invest in this industry.DYOR
Velocys now have highest RIN approvals,dealssigned with British Airways and The Suez Group and large grants on offer and tax incentives for the Natchez Plant and the first UK plant planned.This is going to get exciting IMO Key thing to remember is that the true value in VLS is in the "intellectual property" or iP ,because velocys have obviously struck on a formula to get the FT process working on a commercial basis that registers for maximum RIN status.And they have done this where many others have failed,so this formula could be worth hundreds of millions. That is why we have two billionaires on the share register with large holdings IMVHO they know this could be a very lucrative T/O situation in the not too distant future. See This news yesterday :-) http://www.biofuelsdigest.com/bdigest/2018/03/19/the-paramount-deal-world-energy-takes-off-with-audacious-72m-acquisition-of-altair-and-the-paramount-oil-refinery/
Satishd,i think it more likely there are more Invesco shares being taken,they have been selling down on a number of their assets recently due to internal issues.I would not be surprised to see the next holdings announcements show that Sir Micheal Hintze Cayman fund is near 15% and Invesco down to near nothing. In essence these extra percentages could be rather valuable in case of a T/O which is where this is heading IMVHO Key thing to remember is that the true value in VLS is in the "intellectual property" or iP ,because velocys have obviously struck on a formula to get the FT process working on a commercial basis that registers for maximum RIN status.And they have done this where many others have failed,so this formula could be worth hundreds of millions. That is why we have two billionaires on the share register with large holdings IMVHO they know this could be a very lucrative T/O situation in the not too distant future. See This news today :-) http://www.biofuelsdigest.com/bdigest/2018/03/19/the-paramount-deal-world-energy-takes-off-with-audacious-72m-acquisition-of-altair-and-the-paramount-oil-refinery/ All IMO - Dyor
Key thing to remember is that the true value in VLS is in the "intellectual property" or iP ,because velocys have obviously struck on a formula to get the FT process working on a commercial basis that registers for maximum RIN status.And they have done this where many others have failed,so this formula could be worth hundreds of millions. That is why we have two billionaires on the share register with large holdings IMVHO they know this could be a very lucrative T/O in the not too distant future. DYOR
Anyone remember this exact same thing happened a few weeks back,then suddenly we get an announcement that a new investor grabbed near 10% of the company.I suggest this has been co-ordinated again for that same investor to add more or we have a new big investor coming aboard. A few days ago we had a key announcement on RIN approvals,which the company had been working many years to gain and it went into auction at 17p on that news,i suggest this is being bought behind the scenes again ! Anyone doubting this is in play check this out - deal announced today :-) http://www.biofuelsdigest.com/bdigest/2018/03/19/the-paramount-deal-world-energy-takes-off-with-audacious-72m-acquisition-of-altair-and-the-paramount-oil-refinery/
Stew,i think one of the big holders has been helped to add a fair few more in the last week or two. Why do we have two billionaires here with major holdings ? see below "The Company's indicative modelling suggests that attractive plant economics exist for BTL plants incorporating the Company's technology producing renewable fuels. These indicative models show that the economics for a plant producing 1,400 barrels per day of renewable fuels from woody biomass are particularly favourable in the US. Based on current pricing and costs and the indicative modelling, the Directors believe that operational revenues approximating $265 per barrel could be achieved at such a plant, which is made up of around $75/barrel of fuel sales and around $190/barrel of US federal Renewable Fuel Standard credits (traded via Renewable Identification Numbers). The Directors believe that plants addressing the Californian market are expected to be eligible for around $33/barrel of Californian Low Carbon Fuel Standard credits, raising potential operational revenues on plants selling product into California to nearly $300 per barrel. Corresponding operational costs of just under $130/barrel are predicted by the Company, which includes: feedstock cost, capital expenditure, operating expenditure, plant shutdown and maintenance.
As I said the RIN news has now opened the door for announcements on the new plants,so it could literally be released at any moment.We know much of the work has already been done and partners lined up,so in summary we could be getting newsflow shortly on a number of fronts. I am averaging up :-)
On the contrary poorman,last weeks news opens the door for announcements on the Natchez plant and the UK one too in which we are partnered with British Airways and The Suez Group :-) Those RIN approvals mean profit per barrel of $135 to $170 per barrel,once this gets upscaled the revenues here could be astonishing for a company of this size.If ever I saw a T/O candidate this is it IMVHO
Yes �25m cash lol ! this is one of the very few shares I am happy to average up on from these levels,i also forgot to mention that Envia owes VLS a large sum of money and should start paying us back soon. We could have some further significant news shortly and I suggest the parties manipulating this know this too,hence the recent strange moves.
DBH,i am surprised we have not had any holdings update because there must have been some significant changes in last few weeks.Velocys announced a few days ago that they were the first company in the world to gain maximum D7 credits which is a truly remarkable achievement and has verified their business model and future plans to become a leader in this sector...I suggest some big buying is actually going on behind the scenes,the question is which of our two large billionaire holders has been adding - Sir Micheal or Roman ?? My guess is Sir Micheal. This will be back in the 17p - 20p ranges quick enough,i said Friday this is now valued lower than before the placing even though they now have circa �25 cash and that key RIN approvals. I am adding :-)
Jimzi,if you do the calcs on these profits per gallon and per barrel it amounts to some very hefty revenues,our new shareholder Sir Micheal Hintze has a reputation of making money from "under-priced securities and assets" and as such I think he has spotted a beauty here. As for Mr Abramovich,much of the same but he also knows one of the big boys could take this out for many times his investment level here.I think we could be getting a whole string of positive newsflow from here and also some clarity on the holdings that the big players have now. I am adding and averaging up :-)
Sat,no probs :-) also remember this is valued lower now than before the placing,so to put in context �10m has been wiped off the market cap by adding �18m to their coffers and gaining that all important RIN approvals. There is some amazing upside on offer here IMO
Sat,i think the Cayman Fund have added significantly to their holdings in the last week or so including yesterday,if you remember a few weeks back this was being held at 10p and suddenly we get a holdings announcement and shortly after this was 30% higher.I think we are seeing same thing now,they are adding IMVHO and it will move sharply when ready :-) Yesterdays news was very very significant,it means VLS can now monitise their plans ! and I suggest we are about to get a whole raft of positive newsflow.