The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
XPB: A most amusing spat for those who didn't find the England vs Ireland game a more compelling distraction. I feel that I must point out that your assertion that "The fact is the Bayou facilty is a diesel plant and the entire business model will have no doubt been based on diesel. Just like AltAlto is based on Jetfuel. Either plant can produce either product, but will need a redesign in each case." is actually not a fact as neither plant has been built, nor indeed funded, at this juncture. The ability of VLS to move the goalposts to take advantage of a changing situation is surely one that any responsible business would follow so I don't quite see what point you are trying to make other than your usual downbeat assessment.
XPB: Once again you seek to dispute press releases by Velocys without offering any evidence to support your case. Have you been watching the Giuliani press conference by any chance?
https://www.theguardian.com/us-news/2020/nov/19/rudy-giuliani-dye-my-cousin-vinny-press-conference
XPB: May I suggest that you employ a proof reader. As the sp has risen to 6.50p since you posted your comment, there must be a fault in your crystal ball. So all in all a pretty unedifying post. Have you had lessons from D. Trump on how to identify fake news or did you invent it?
Ever get the feeling that you're talking to yourself?
XPB: Did you, by any chance, miss the boat once again? I have always refrained from commenting on the typos and grammatical errors that so frequently occur in your posts, assuming that, like me, you suffer from the problem of large fingers and small keyboards and cannot run to a decent spell checker. I refer you to my last post regarding greenhouses!
XPB: people in glass houses.......... Consistent and predictable. Plus ca change!
XPB: You forgot to mention that Velocys is a member of the Jet Zero Council and as such is referred to by inference in the text you quote. The electric aircraft is, as even superficial research will show, currently not a viable option for long haul flights:
"a report from investment bank UBS which predicts the aviation sector will quickly switch to hybrid and electric aircraft for regional travel, with an eventual demand for 550 hybrid airliners each year between 2028 and 2040.
But the prospects for electric long-haul flights are not so rosy. While electrical motors, generators, power distribution and controls have advanced very rapidly, battery technology hasn't."
So we will need jet fuel for long haul for at least the next 30 years, yet the UK plans to be carbon zero by 2050, hence the need for SAF.
XPB: Is that the best you can come up with as rebuttal to those with a more positive outlook? Must try harder!!!
Also of note is the fact that, whilst it is possible to replace the current crop of short haul aircraft within a reasonable timescale (I would guess around 20 years), replacing the long haul aircraft is a much bigger problem. You have to find a fuel that offers the same potential in terms of aircraft performance without incurring a range/ passenger capacity penalty to offer a viable alternative and there does not appear to be one t present.
XPB: Once again you post negative comment with nothing other than your own opinion offered in support of your view. Perhaps you could spare the time to enlighten us further on the source of your negativity. For example you could provide some enlightenment on the comment in your latest missive, to whit:
" when it comes to serious development capital and debt, the same rules apply as they always have done."
To what rules are you referring ? A reference would help.
XPB: The way I read it, they didn't want to continue as the system as was didn't work and they had no clear idea of the cost of rectifying problem. The timing of the decision made the maximum use of available tax breaks. In other words, they decided to get out and timed it to minimize their loss by taking advantage of available tax breaks. AFAIK this was Air Products only attempt to break into this field, it was nto directly involved in developing a working gasification process (it wanted to use the end product) and it has stuck to its core business ever since. Not quite the position that VLS is in, I would suggest. Have you got a better example?
Very much off topic and very cynical hypothetical question. If a sitting president perceived that he had come a poor second in a televised debate, and therefore wished to avoid a repeat performance without appearing to duck the issue, how would he try and do it?
If you had been following VLS for any length of time you would only too well aware that their PR has historically been almost non-existent - it is one of the few things XPB and I agree about.
XPB: Nice try. However, we are talking 2014 and Air Products currently has a market cap of $65billion, so hardly searching for capital investment and over-reaching themselves. Indeed they have done pretty well since COVID arrived and are a recommended buy. They also withdrew from the project to take maximum advantage of related tax breaks. Got any more examples? Perhaps ones that meet your original criterea - "the way senior management gloss over the fundamentals of basic engineering and testing whilst hoping they can win over the investors."
XPB: Avoiding the difficult questions?
XPB: You claim to have "seen it many times" - it being "the way senior management gloss over the fundamentals of basic engineering and testing whilst hoping they can win over the investors." To paraphrase "Yes Minister" name six examples. You might also care to expand on your claim to be a veteran in the waste to energy (electricity) space as you clearly have no interest in the sector other than this board, to judge from your posting profile.
Very interesting, especially the link to EPIC fuels which, my limited research shows, is a US based fuel provider. A look at their web site, EPICfuels.com, shows that they can provide SAF, but not the source from whence they obtain it. Does anyone know more?
XPB: Why would you award anything to a project which, according to you, has little or no chance of ever coming to fruition? Granted that the current shower in office couldn't organize the proverbial, but the civil servants involved in the F4C award appeared to have a grasp on reality. BTW have you bought back in at current levels?
XPB: Oh come on - if the government advisors aren't happy why did they award the F4C money. Same old same old.
XPB: It is not a question of proving you wrong, more that you be willing to admit that you might be wrong which, on past experience, you are most reluctant to do. The following quote is a straight steal from the internet - google "perspective"
"perspective noun (VIEW)
a particular way of viewing things that depends on one's experience and personality: ... Perspective also means the ability to consider things in relation to one another accurately and fairly: With more maturity and experience, you will gradually acquire perspective."
I so like the last sentence!
QED