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Surely the point is that the uk government wants to assist this new industry and these incentives should be viewed as a massive bonus if we get them.Although VLS have their own huge cashpile it would be fantastic to get some free funding to get the plans into motion ( I believe they are already advanced ) and we have British Airways and The Suez Group already partnered for this project. Also we have to ask why did Sir Micheal Hintze pull out of a planned IPO of an American outfit similar to Velocys and invested here instead ? I suggest he is "in the know" and knows a fair bit more than we do :-)
The grant available is up to near �50m in total into stage 2 and will be announced on or before April 9th 2018,looking at the amount of 100k and 200k buys yesterday and today I would say someone is confident this is in the bag. I think Velocys will be the only UK based applicant for this ! lets see if we get it :-)
Many thanks for the link and info DBHC :-) the last time they gave out some uk news it lifted the SP by 64% ,so given the better position the company is in now and combined with that F4C grant if they get it it will be interesting to see what happens this time.
It is also interesting if you look at the company twitter feed that they have made a focus lately on the Uk plans,i would say they hinting some newsflow shortly.Maybe connected with the �50m F4C grants due to be announced on or before April 9th 2018 :-) British Airways also putting out positive vibes lately on this. https://twitter.com/velocysplc?lang=en
We could be getting a nice boost for the Uk plans in the next few trading days - up to �50m of matched grant funding to build the first Uk plant :-) "The F4C, launched on 29th August 2017, is designed to promote the development of an advanced low carbon fuels industry within the UK. Under the programme up to �22 million of Government funding, which will be matched by private sector investment, is available to help construct first-of-a-kind advanced fuel production facilities in the UK. The F4C is focused on those fuels capable of tackling the hard-to-decarbonise aviation and HGV sectors." Results expected on or before April 9th 2018.
We must remember that AIM is the least corrupt and most highly regulated market in the world :-)
Invesco is the only reason this is down here,we must be due a holdings Rns shortly ! Otherwise this would have been knocking back to 20p+ levels IMVHO. I have been following their activity and it seems Invesco have been selling out of many small to medium size companies for some time now,regardless of any individual company circumstance.To apparently re-align themselves into new markets and opportunities.Could they be out by easter?? possible IMO. Although the timing of this has been bad for Velocys it has given opportunity for the small investor to now buy a slice of this company on the cheap (infact is currently valued at zero - minus cash and Envia loan ).
Yes this trading at zero market valuation aside from cash and loan debt,and they have a good chance of shortly getting a big share of a �50m grant offered by Uk government to build Uk plants. Lets see where we are a few weeks into april,i bet a lot closer to 20p than 10p IMVHO
Score,someone with direct market access is having a field day with this at moment,same pattern as a few weeks ago when CQS grabbed near 10% of the company when it appeared to be being sold down. I suggest someone is being helped to load more ahead of next weeks news. All IMVHO
If you go back through old Rns release relating to Envia you will find it,i cant help with any dates at moment as I'm mobile but have a trawl through and you find it.
Yes Envia owe us around 11m and we have around 25m cash in the coffers,in other words the current valuation of the business is near to zero. I am happy to average up to around 15p from my current 3p :-)
Just a hunch but I think we might be getting a fair bit of news during the next few weeks,the company submitted a bid to the F4C program back in September which offers grants of up to �50m for the building of a UK plant.The result of this will be revealed in early april ( think by the 8th ).So if they do get the stage one grant I think we might get an update on the latest developments and any new partners involved.We know British Airways and The Suez Group are already aboard :-) Also our new investor has contacts at the very highest level of government,which is very useful indeed.
The same thing happened a few weeks back,it appeared a sell off was going on but infact an offshore fund run by Sir Micheal Hintze bought near 10% of the company.So the question is has this been moved down again ahead of some potential very good news next week in ref to the F4C funding/grant announcement ? There is around �50m of grants available for the building of a Uk Plant and I think Velocys has a very very good chance of getting this. Is someone being helped to add another tranche of shares on the cheap?? it looks like it to me.
Would be a nice boost if they get it :-) judging by the timelines I would think they are meeting the transport minister this week sometime if they announcing result in early april. Gauging the noble baroness comments previously it seems she is a big supporter of waste to fuel :-)
Check this out,someone posted an email response from the UK Department for Transport with ref to F4C,grants of up to �50m region available to build the first UK plant.Awards announced early april (next week) Velocys has a very good chance of success here IMO. http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn:VLS.L&thread=12289073&it=le&action=list
Jeser,well I have a hunch that Sir Micheal Hintze Cayman Fund has been taking more Invesco shares ( they have been selling down a number of their positions to refocus their portfolio ),if all are taken it would put CQS at around 16%.We saw the exact same trading pattern as now - when they took near 10% a short while ago. Sometime in the next ten trading days we should hear about the Uk F4C funding,where VLS have a very good chance of getting some sizable funding for the UK plant plans...its up to �50m total on offer from uk government and matched private funds.Announcement is scheduled to be in very early april so maybe even early next week. One thing we need to keep in mind is that since the RIN news on the 15th March,velocys "intellectual property and patents" have become a whole lot more valuable so we could get any number of news items anytime,for example licence deals with other companies wishing to adopt our tech.Which is what CEO himself anticipates in previous interviews will happen swiftly after the tech is proven and RIN,s approved.
Well I think getting back to pre-placing price for starters,i think this is currently worth at least what it was before with abit on top now with the big cash balance and milestone RIN approvals.Sometime this year I expect it to move back to 30p+ levels. If we have a T/O brewing I'm thinking market valuation north of �100m.
There will be news on the F4C ( Uk Plant initiative funding ) where velocys stand a good chance of a share of some development funding.I think also we will get some news on the Natchez plant in the states where much of the planning work has already been completed ( The Recent RIN approvals makes this a real moneyspinner ).Also Envia plant will shortly be moving to profitability and Envia owe us around �11m,so we might start to see some payments coming into the coffers soon ( currently around �25m of cash on balance sheet ). And perhaps of biggest interest will be the next holdings Rns,because I think one of the big holders has notably increased their position in the last few weeks.I think we will also see a new board appointment fairly soon connected with the new plant in the states. All IMVHO :-)
F4C are due to report the winners of the stage one funding in early april,can we really see the uk government giving this out to an overseas bidder? I doubt it very much indeed and considering that VLS are partnered with British Airways on this project I would say the odds are very favourable for a good outcome. It will give a boost to the UK plans :-) "The F4C, launched on 29th August 2017, is designed to promote the development of an advanced low carbon fuels industry within the UK. Under the programme up to �22 million of Government funding, which will be matched by private sector investment, is available to help construct first-of-a-kind advanced fuel production facilities in the UK. The F4C is focused on those fuels capable of tackling the hard-to-decarbonise aviation and HGV sectors."
DBH,it is as they say an interesting development :-) we know they already have British Airways and The Suez Group onboard for this project so if this project effectively gets a helping hand from government it may speed things up abit.I think there is an initial fund of �22m allocated so far,but that will likely increase if the govt aim of having multiple plants in the uk happens. Not so much go with empty briefcase,more a chance of coming out with a fuller one :-)