Member Info for The.Italian

is the site broken or have there really been no posts today?

entirely agree IG hence i bought back in yesterday

slightly subdued response so far to the news re neil going to usa. i was not at agm so don't know exactly what was said but from the reports i might have expected a little more positive response .Could be we now have to scale the wall of expectation.perhaps some serious buying into the close?

yep gone now but L2 actually looking quite strong

DMA has significant number at 1.19 on the bid don't know what it means and presumably they will go off at end of auction

bignose and keith i entirely agree with bignoses summation.i am a lot older than both of you (viewed separately not your combined ages) and despite the feeling that i am running out of time investment wise and despite occasional lapses into ranting hysterical despair i do intend to stick this out to see if we can actually get some reasonable sales traction.despite alquemies figures seeming to indicate the this is probably naive optimism i still think it is possible and indeed only a few weeks ago i was seriously contemplating increasing my holding(it is quite modest and i am currently about break even on an arithmetical basis due to profit taking at 60hk cents) i have not done so as i decided it was more prudent to wait to see if there is any indication of sales traction but i am living in hope.best wishes bignose for next monday hope you have a good day (s/p one HKD would do as a present!)

very interesting will we now see a buying surge?

thanks for clarifying your thoughts.i now see what you are getting at hope you are right.apologies for querying your post without having understood it properly

yes very encouraging news

yep thats what i thought but i may be wrong

agreed both those points came out more clearly second time around

have now been able to listen to the second podcast and it is certainly a considerable improvement over the first one at least in the latter two thirds of it.this morning i genuinely felt ricketts was way off his usual game and was very disappointed. With holiday he was much more coherent and positive and some interesting points emerged.i now feel entirely comfortable with the raising of additional funds over that originally indicated.i can quite see that if you have pre existing authorisation and then after embarking on the funding process you find the demand is there it makes sense to exploit the mechanics of the process to take advantage of the demand at least to the limited extent adopted here.Neil made this point much more clearly(imo) in the second broadcast.it was interesting to note that he obviously hopes to have some form of grant aid or assistance so that the actual cost of the stake holding my be considerably less than the headline 2.9 m.
wasn't quite so comfortable with the suggestion that the surplus raise would in part help to bolster the company perceived financial strength in the eyes of the investment community(my wording not his so apologies if this is not felt to be an accurate reflection of what he said but that is my take on it although he did also indicate it could be used for other acquisitions) )the problem is that an extra £2/3m seems pretty meaningless in relation to a company with a m/c of £280m (not sure if this is the latest figure but its something of that order)he did flounder a bit when holiday raised the m/c with him but in fairness there is probably nothing he can usefully say here. the m/c is what it is based on the demand for shares and the perception of the potential here etc.obviously we must all now reach our own opinions as to how to view this and it is clear from he market reaction today that most are still fully committed to the company and its future even at this valuation level

no i genuinely found it very unimpressive.i was expecting it to be far more upbeat with the emphasis on the attractiveness of the opportunity presented by the stake acquisition.instead i was left with the impression that it was a bit like someone who has a gift voucher which is about to expire and so needs to spend it before it does.perfectly happy to acknowledge the i may be entirely wrong and certainly the sp action indicates i am in minority

astonishingly unimpressive podcast imo.

1000000 shares traded about £30000 worth and we are down almost 5%.mostly sells so its good to know it works the other way round as well

in the interests of balance and accuracy i should have added that fridays rns give the company a discretion to increase the number of alloted shares over the originarl stated number so not suggesting anything improper merely interested in the reason

so they have alloted over 3500000 shares not the 2000000 referred to in the friday RNS!why not close when original figure reached?opportunism need or simply good business sense for further expansion pilot scheme development etc?we shall no doubt find out later but the reason needs to be listened to very carefully imo

i have not yet read the 2018 report but will do so as you suggest.both my wife and watched one of the tony sebas lectures from2018 and found it highly thought provoking and illuminating.any concerns i might have had that this was just fringe thinking have been largely allayed by the actions of major players in the automotive industry e.g. IVECO where they clearly regard the future as residing in ev battery storage and autonomous vehicles etc.i do not have the technical knowledge to be confident in my evaluation of his arguments but am happy to conclude that this is an area where the potential is immense and that vrs are in the forefront of development of what will i hope prove to be key aspects of its progress. i completely accept that this is a quest for progress and would not wish to be seen to suggest otherwise although ultimately for investors even progress has to lead to positive tangible results by way of revenue. i accept we are a very long way from that requirement at the moment and the focus is and should be on development of nanenes potential .i remain a confident LTH

thank you max for your reply.i think in some ways it highlights my slight concerns regarding the lack of detail and imprecision of wording to which i have alluded previously.as you very rightly point out the rns simply says that if successful(i assume this means the negotiations not the fund raise) vrs will end up with a majority stake in gn.it does not say how this will be acquired although the general assumption seems to be that it will be a cash injection rather than share equivalent and probably the precise mechanism does not matter.the wording of the rns certainly seems to suggest to me that only part of the funds being raised are going into the stake acquisition with the balance providing funding for the pilot development whatever that means.again this is not clearly set out and i was interested to note that you think more than the simple fund raise itself my be required to complete the majority acquisition which my well be the case. this is i think a more nuanced appraisal of the position than many i have seen from other posters. whatever the precise detail and mechanics prove to be i agree that the exposure to EU involvement/assistance etc is very much a positive and i am encouraged by it Just wish (probably naively)for a bit more clarity of intention.

thank your your response.i have noted the slightly cryptic references on twitter to completing thetriangle and like you i don't know what it means but think and hope that it is positive which seems to be the general consensus.no doubt we will know more next week and i agree that vrs do have a long term plan and the presence of DIT secondees gives me confidence that the plan is a sound one.