Member Info for thurgarton

XPB: " This is clearly another paid for advert from Velocys.". Is there a basis for your claim other than the usual bias?. Anyone who has followed this board for any length of time is all too well aware of the shortcomings of the Velocys PR effort - there is virtually none, and what there is is usually behind the drag curve. This being up to date news hardly fits the bill. BTW announcing that two companies have joined a consortium does not imply that they are comparable in stature. As example, Burnley and Man City are both in the Premier League, but are hardly comparable in terms of resources.

Strange day on the UK market -buys far outweigh the sells, many of which being triggered by set loss settings, and one is left with the impression that there are more buyers than sellers , yet the SP remains depressed. Could it be that the MMs are trying to flush out the more timid amongst us.

Suggest you read your article again. It is only the Shell comment that is at all negative and that is old (pre COVID) news. Given the potential requirement for SAF there should be plenty of room for all. What is interesting is this comment:
IAG had already pledged to spend $400m through to 2040 to develop SAF plants across the world. In the UK specifically, it is lobbying the Government to support up to 14 plants by 2030.

Given that Boris is looking for anything positive to counter his current difficulties, this might suggest itself as a good idea to promote!

It has certainly weeded out the faint-hearted - latterly most of the sales were automated (ie stop loss) and were far outweighed by the buys. IMHO those with a decent holding and a modicum of nerve should sit tight and await developments. After all, those of us with an already long term holding have been here before. It seems to be generally accepted that Putin will not act before the end of the Winter Olympics as to do so would seriously offend the Chinese, and he hasn't got too many friends elsewhere, so we are looking at a couple of weeks of volatility across the markets. at the very least but at the end of it all SAF is still a huge requirement for the aviation industry's recovery. Doubtless XPB will have an alternative view!

XPB: Oh really! Talk about obfuscation. Even a modicum of research will show that Ervington are still invested and that your post is a load of inaccurate rubbish. Did enjoy your reference to your "crystal balls" though - with something so fragile, be careful that you don't end up with a high pitched voice! You might try a New Year's Resolution to post accurate information in future. This last effort was worthy of Boris!! Happy Christmas

FWIW Ervington = Abramovich. Moreover, it has maintained its share holding for years. AFAIK it did not subscribe to the last two fund raises, which explains why it holding, in percentage terms, has decreased from around 21% to it's current level. It does not mean that it has sold its holding!

Re latest RNS - it looks as though we have a new addition to the ii list with a 3.12% holding. Seems reasonable to assume that, as they are investing their clients' money, they think that there is a profit to be made.

I managed to pick up 3 times my offer entitlement @7.89p last Friday!!

In answer to your question.
From the Velocys Web Site:
"The world’s most compact, commercially-ready, patented Fischer-Tropsch reactor for the synthesis of hydrocarbons. Developed in our laboratory and demonstrated at full scale in the real world, our reactor allows the production of advanced biofuels from large, sustainable carbon sources such as household waste and forest residues.

FWIW Abramovich currently owns 12.9% of Velocys shares (AIM rule 26)through Ervington Investments. He has been a shareholder for ages (ISTR that he was a major shareholder at the time that VLS won the court case over patents), and indeed his holding was at one time more than 20%, and has only been reduced by dilution. His involvement was a major factor in my interest in VLS.

lse's site shows a 2.5 miliion share transaction at @ 14.9p timed at 10.30 but posted as last transaction of the day, which suggests a little manipulation has occurred on someones part to hold the price down. Interested to see where it opens on Monday and if the COP26/HMG make any significant statements before the conference closes.

All this frantic activity yet no mention of Altalto and the UK project and nothing of note from COP26 despite suggestions from IM to the contrary. Fuel for further rises?

Of interest in the same paper, Lanzotech is given a TRL of 9/10, so VLS is apparently not too far behind. Also of interest is the fact that the report , dated Oct 21, regards Red Rock biofuels as an example of VLS technology. We all know that the issue with their trials was a leak in the system that was not related to the VLS FT process. However, this article , dated Jul 21, seems to contradict the HMG paper's findings:

https://www.biofuelwatch.org.uk/2021/the-curious-case-of-red-rock-biofuels/

XPB: We are talking UK not US, so your Lanzatech comment is invalid. As VLS has received funding from Shell and BA as well as government money awarded following a competitive process (F4C), your postulation remains conjecture, not fact.

XPB: As usual, you are basing your premise on pure conjecture. More to the point, you still haven't answered my question - why do you continue to post when you have no financial interest?

XPB: In other words, sometime "soon" (undefined) somebody else will reach the position that VLS (Altalto) reached 18 months ago!! Stating the obvious as usual - why don't you answer the only question that the board is interested in, namely why do you bother when you have no financial interest?

Optimist!

XPB: Neither. I was just making a point. Your conjecture regarding my knowledge of projects and associated finance is well wide of the mark. Having been closely involved with several government projects during my working life (IUKADGE and AWACS being the most prominent) I am all too aware of the pitfalls that can occur. BTW you didn't address my question - why do you persist when you have no financial interest?

XPB: Rhetoric - language designed to have a persuasive or impressive effect, but which is often regarded as lacking in sincerity or meaningful content. QED

XPB: We are getting a bit hot under the collar aren't we. Moreover, we all know what you are talking about as we have heard it all many times before. The other technology that Altalto intends to use is not untried and there is no reason to suppose that it won't work in this case, unless, that is, one is predisposed to expect failure. A bit like somebody trying to influence a cynical audience that would like some facts, like just why do you, as a confessed non shareholder, waste so much time regurgitating the same old rhetoric on this board?