Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Charliesmith - No. It's going private if the offer is taken up.
"It is the view of Bidco that the longer-term interests of Velocys and its employees therefore are best served away from the public markets. Bidco believes that Velocys is best positioned to succeed as a private company, with the current management team, and with an injection of growth capital from a consortium of long-term investors who have the requisite experience in supporting industrial companies as they seek to fully realise their potential"
So looks like they need 75% or more of shsreholders approval for the 0.25p take over. But will be providing on going cash around £31.5 million and a bridging loan if approved. Bizarre how the board have all said yes......oh yeah keeps them in jobs.
Traded as high as 3.3c but settled back down to close at 3.0c bid 3.10c offer on ASX. Long way to go. But at least some signs of life in the ol' dog yet. GLA
Fingers crossed! Not done much on ASX yet but bid is up from 2.8c to 2.9c ! Still offered at 3.0c
See if we get a sp movement in the right direction. GLA.
Thanks for info , appreciated.
Found this hence my question
https://www.lse.co.uk/media/fulcrum-metals-boost-saskatchewan-uranium-exploration-assets-by-221-to-59-000-acres-ccz5y43e276je66.html
Anyone have or look at/follow Fulcrum Metals ? Doing some Uranium bits n pieces in Canada. Just wondering if worth a go. GLA
Just to see who has done what in one go for future ref. If anyone has more please post. May help some with future investment decisions. GLA.
Lufthansa
Germany's flagship carrier in August signed a letter of intent on the production and supply of SAF with specialty chemicals firm HCS Group. Production in Germany is set to start in 2026 with a volume of 60,000 metric tons per year.
The carrier in 2022 strengthened its SAF partnership with OMV, which also supplies the biofuel to Austrian airlines at Vienna International Airport.
Norwegian Air
The Norwegian carrier in April partnered with a local producer of electrofuels, Norsk e-Fuel, to build a SAF production plant in the country. The plant is scheduled to be operational in 2026 and it should secure about 20% of Norwegian's total SAF needs by 2030.
Ryanair
The Irish airline in October purchased 500 metric tons of SAF from OMV , as part of an MoU to buy up to 160,000 tons of SAF over eight years starting from 2023.
Ryanair also signed a supply agreement with Shell in December 2022, to buy 360,000 metric tons of SAF from 2025 to 2030, a fifth of what it needs to meet its target to power 12.5% of flights with the fuel by 2030.
It has struck similar deals with Spain's Repsol , set to supply up to 155,000 tons of SAF between 2025 and 2030, and Finland's Neste , which powers all Ryanair's flights at Amsterdam Airport Schiphol.
Wizz Air
The budget carrier said in April it would invest 5 million pounds ($6.1 million) in biofuel company Firefly, expecting to supply up to 525,000 metric tons of SAF to its British operations from 2028.
Virgin Atlantic
The British airline partnered with Neste in 2022 to acquire 2,000 metric tons of SAF.
In December last year, it agreed to buy 260,000 tons (85 million U.S. gallons) of SAF from Gevo by 2030, via a joint venture with U.S. airline Delta.
FACTBOX – European airlines secure supplies of low – carbon jet fuel
28 Nov 2023
Nov 28 (Reuters) – European airlines are ramping up investments and signing agreements to secure supply of sustainable aviation fuel (SAF) needed to meet targets set by the European Union aimed at curbing the aviation sector's carbon footprint.
The adoption of alternative fuels made from bio-based materials could cut carbon emissions by up to 80% compared to conventional fuel, and is seen as a route to help the sector reach its net zero emissions goal by 2050.
On Tuesday, Virgin Atlantic will aim to highlight the importance of the alternative fuel's use with a 100% SAF-powered flight from London to New York City.
SAF currently makes up less than 0.1% of aviation fuel used globally and costs three times as much as regular jet fuel when made from waste oils, but other versions made from green hydrogen can cost more.
Here are some deals signed by European airlines so far:
Air France-klm
In November, the group invested $4.7 million in DG Fuels' SAF production plant in the U.S. state of Louisiana, a step towards its target to use SAF for 10% of its flights by 2030.
It also said on Sept. 18 it had signed a memorandum of understanding (MoU) with Austrian energy company OMV to buy more than 300,000 metric tons (100 million U.S. gallons) of SAF by 2030.
The deal was followed by an offtake agreement for OMV to supply the airline with 2,000 metric tons of SAF in 2023.
Easyjet
In September 2022, the airline signed a five-year SAF supply agreement with Q8Aviation, the jet fuel unit of Kuwait Petroleum International.
Finnair
In June 2022, the Finnish carrier signed a five-year deal worth $192 million with U.S.-based renewable fuel producer Gevo to buy 21,000 metric tons of SAF per year from 2027.
Iag
The owner of British Airways and Iberia in August signed an agreement to buy 14,700 metric tons of SAF in 2023 from U.S. energy firm Phillips 66 .
Microsoft was also involved in the deal as part of its efforts to cut carbon emissions of its business travel and air freight.
In November 2021, IAG and Southwest Airlines jointly agreed to buy nearly 920,000 metric tons of SAF created from woody biomass in Mississippi.
Under the deal, IAG will buy 220,000 metric tons of SAF over 10 years starting 2026, while Southwest will buy 670,000 tons over 15 years starting from the same year.
Icelandair
The Icelandic carrier in March said it had signed an MoU with green hydrogen developer IdunnH2 for the use of up to 45,000 metric tons of SAF from 2028 onwards.
Jet2
Britain's Jet2 said in April it was making a "major investment" in a SAF production plant in northern England, with production expected to start in 2027.
“As detailed in its recent interim results, Velocys still anticipates that funding will be required before the end of this calendar year and therefore the board is prudently exploring near-term funding options as discussions with the strategic investors continue,” the Velocys board explained.
Where on Earth will they get funding and if so at what cost?
Not even a "Henrik Wareborn said" comment.
Https://thorenergyplc.com/investor-updates/quarterly-activities-and-cash-flow-report-september-2023/
Oh dear
https://www.lse.co.uk/rns/VLS/funding-update-sih4dmncz9z4lo9.html
Drilling to commence early 2024 at Alford East by looks of it.
ASX: THR
ASX Announcement
3 October 2023
ANT Geophysical Surveys Commence
Alford East Copper-REE Project, South Australia
The directors of Thor Energy Plc (“Thor” or the “Company”) (AIM, ASX: THR, OTCQB: THORF) are pleased to
announce the commencement of Ambient Noise Tomography (“ANT”) geophysical surveys, in partnership with
Fleet Space Technologies (“Fleet”), at the Alford East Copper-REE Project in South Australia.
Highlights:
▪ Low-impact, ANT surveys are now underway at the Alford East copper-gold Project using EXOSPHERE BY
FLEET® technology (Figure 1).
▪ The ANT surveys are designed to delineate the low-velocity, weathered ‘troughs’ that host the oxide copper-
REE mineralisation within the Alford Copper Belt (Figure 2). They will be completed over the next few weeks.
▪ As part of the collaborative partnership between Thor and Fleet, Fleet will integrate the ANT results with
Thor’s 3D geological model using Artificial Intelligence (“AI”) and Machine Learning (“ML”) to generate a new
model for drill targeting higher-grade oxide copper-gold mineralisation (ASX/AIM: 4 September 23).
▪ Future drilling will be concentrated on these targets, characterised by low seismic velocity, to intersect
higher-grade oxide copper-gold mineralisation hosted in units conducive to the possibility of In-Situ Recovery
(“ISR”).
If the Directors had any belief in the company then some buys from them would be a very ideal thing to do. Alas I fear this will not be the case. Good luck anyone holding.
Plenty of demand out there for copper and uranium so I wouldn't be worrying about that side of things. I worry if we actually discover it. GLA . Mullins58 and Troajan recently posted Uranium demand links and here's a copper one.
https://www.mining.com/copper-prices-may-jump-20-aluminum-by-36-as-demand-outpaces-supply-forecast/
Has the Contracts for Difference (CfD) scheme been sorted out for SAF yet , I know it was widely used for windfarms but as far as I am aware parliament is still yet to agree on its actual structure for SAF. Happy to be corrected. GLA.
Https://www.novapangaea.com/2023/07/24/international-airlines-group-announces-investment-into-nova-pangaea-technologies-to-drive-uk-sourced-sustainable-aviation-fuel/
That should show the news item