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Yes, the current SP in the US equates to about £1.61 over here so we are lagging behind a bit. Hopefully, it's not for long.
martyh,
I really liked the confidence expressed in the RNS of 13th July about new orders in the mining sector 'in the very near term'.
I also noted the comment in the RNS from the Finance Director of Black Tulip Minerals SA "We are absolutely delighted to have formed a partnership with Verditek. It was always our intention to become more focused on green energy moving into future projects, however when this solution was presented to us it made perfect sense to integrate the latest technology in solar panels on our first gold processing plant in northern Peru. This means that during daylight hours our plant will run entirely on solar energy reducing our carbon footprint by around 50%, with a very short pay-back period compared to the associated diesel costs. We are on the verge of commencing operations at a starting capacity of 50 tonnes per day but we plan to steadily increase this to 300 tonnes per day adding Verditek orders at each stage to power our plant during daylight hours." Other mining companies will no doubt have taken note.
Hi Hcharge
Just checked my allocation and it's the same as yours. I was expecting them to be integrated with my other shares in the company and available for dealing at 8.00am but I'm sure they will be soon. It doesn't really matter to me because I've absolutely no intention of selling any of them anyway. I'm just pleased the SP held above the 5p placement price because another share I'm involved with recently fell well below it at the time the placement came into effect. Perhaps it's a positive sign for Velocys.
In response to a question at PMQ's today the Prime minister replied:-
"We are putting £3.9 billion into the Aerospace Technology Institute and, as I'm sure he knows, the Department of Business and Enterprise and Skills has set up with the Department of Transport a joint Task Force to create jet zero, a zero emissions passenger plane in which this country will lead the world."
The Government keep pushing the jet zero issue and whilst I have serious doubts about the feasibility of the proposal I certainly think it's good news for all Velocys investors.
Thanks, DCR. My view is that given a little time TILS will prove itself to be an outstanding investment. I think of the shares in the new company as just a bonus, but a very, very nice one!
DCR, If you watch the Gabriele Cerrone interview on Proactive on 22nd May they discuss the situation in relation to the split / demerger of StemPrint ER from TILS. Gabriele points out that until the outcome of the Royal Marsden Hospital trials the week prior to the interview investors were largely unaware of the existence of StemPrint. They invested in the company because of the other aspects of Tiziana's work such as Foralumab, Milciclib and in relation to Covid 19. As such he says that Stemprint was until then valued at zero on the balance sheet. At that time the SP was around 97p having been much higher in the past without investors knowing of StemPrint. So, my view is that the analogy with the pizza is a little misleading in this instance. The value of Tiziana may reduce after the split since part of the SP rise, particularly since the ASCO poster, may well be due to the outstanding results of StemPrint ER becoming public knowledge and also the prospect of 'free' shares. However, it will not in my view be like splitting a pizza in two equal halves. I don't want people to get the impression that that is likely to be the case. StemPrint, although a very valuable asset , is only a very small part of the TILS 'staple'. Indeed, the value of the TILS shares plus the shares in the new company will in my view exceed the current TILS share value. I could, of course, be wrong but I hope not for the sake of all current shareholders.
We saw a 46% rise in the share price yesterday and yet some people appear a little frustrated because we have not seen a large rise in the SP again today. Yet if we had gone up 23% yesterday and a further 23% today everyone would have been happy. Strange. My advice would be patience, patience patience. We will know a lot more about where the future of this company lies in the not too distant future. Personally, I think things are looking very positive and I will certainly be holding on to my shares .
Yesterday's RNS was merely the 'warm up act'. I think the main event will follow very shortly. Why after two years of secrecy did they decide to go public yesterday? Perhaps because they are nearly ready to make a major announcement on the outcome of their collaboration. I also feel that the outcome will be positive and that's why they wanted to get the anonymity out of the way first so it doesn't distract from the main message in any way.
Dzygit,
I'm not a L2 member but the buy you refer to does show on the This is Money site. In fact, perhaps not surprisingly, quite a few decent buys went through today and more no doubt will follow as a result of the Eli Lily news.
Whitto, first of all thanks so much for all the valuable information you provide for us on this bb.
The news that the Global Co. is Eli Lilly is fantastic but it did make me wonder why release it now. Could it be that the work with Hemo is now almost complete and they are shortly going to make a major announcement on the outcome? As a result Eli Lily are not concerned about anonymity in respect of the project
Hi Martyh, I saw an article (can't remember where) about a garden / shopping centre with the solar panels installed. When I looked it was quite close to where I live and I had visited it several times in the past. I will try and find the article for you. However, what seemed clear to me was that it certainly appeared to be a lightweight roof that would probably not cope with conventional solar panels and as I said earlier looked so, so much neater. How they will perform I don't know.
Hi PSB, If you watch the recent Vimeo video interview of Paul Harrison (link is in another post below) you will see he admits that Verditek panels are a bit more expensive than traditional solar panels. However, he does point out that a Ferrari is a bit more expensive than a Holden (which is an Australian car marque) because it has more under the bonnet, Similarly, he says the Verditek panels offer greater durability and longevity.
I recently visited a garden / shopping centre where the Verditek panels have been installed on a lightweight looking roof. My first thought was how much more aesthetic the panels look in situ compared with the carbuncles one can often see with normal solar panels. I asked a member of staff about the installation (not management) and was told it wasn't cheap but would repay itself in 5 years. It would provide energy for the whole complex plus they propose to install charging points on the car park so that customers with electric vehicles can charge them whilst they shop. You can make what you will from those comments, I am merely passing them on and not making any recommendation whatsoever.
Not doing too well on Nasdaq, down 3% at 5.80 dollars which equates to about 93p.
I only bought into GGP in May but have managed to buy a few times since. Topped up again today at 11.82. As Oscar Wilde said "I can resist anything but temptation".
I would like to take this opportunity to thank the wonderful people on this board who provide such fantastic insight into this company. When I was thinking of investing here after doing my own research it suddenly became a no brainer after reading the detailed information provided by the extraordinary knowledge of people who so willingly help us lesser mortals. Thankyou so much. GLA
In respect of Fairviews post of 12.49 it's worth reminding ourselves of Verditek's Chairman (Lord David Willetts) recent comments. "At present conventional silicon photovoltaic cells convert approximately 21%-23% of the energy they receive into electricity - we aim to get to better than 25%. That is a big increase in the amount of electricity generated from a given area of PV cell." He said the "lightweight and efficient" photovoltaic cells would then be used in a wider range of settings.
"Our aim is to be able to apply them to consumer electronics such as laptops so that they can be self-charging." This is a massive advance for green energy - and for consumers who will find it much easier to access solar power than ever before."
That should have read 14%!!
Already up over 4% in the US so not doing badly.
Just topped up without any problem and glad to do so at the price.
It's been quite fantastic watching the price of this share rise in the last few days. It will be quite rare I think for most of us to see our share value increase so rapidly. Long may it last. However, there will come a point where there is a pull back, hopefully before charging ahead again. I do think about when will be the time to sell and feel it's made a bit more difficult due to the fact that this share has been one hell of a lot higher than it is now. Then again it's been a lot lower as well. A dilemma, but a nice one for a change.
I agree Eddie. I managed to buy in here at 3.7p but thought of selling after reading a few comments from a certain individual but decided to hold as the prospects of Velocys seem very good. I'm certainly glad I did with how things are going at the moment. I also agree that Verditek is worth investigating.