focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
In order for VRS to do business in China they have to apply to the Department of International Trade for a licence. I spoke to CEO Neil Ricketts at an event in London on 11th October and asked him if this was the reason for the delay in progressing the China deals. He confirmed that it is. The main reason for this, apart from protecting a British companys' IP, is to ensure that technology that might be used to adversly effect the security of the UK will not be permitted to leave the UK. Fortunately we have the DIT on board to ensure we are compliant. The folowing is an extract from the DIT website.
MILITARY GOODS, SERVICES AND TECHNOLOGY
You must get a licence to:
• export military goods, or sell military services or technology outside the UK
• arrange the sale of military goods, services or technology outside the UK
• arrange the transfer of military goods, services or technology between two countries outside the UK
• provide classified military information to someone based outside the UK
HIGH-TECH GOODS AND SERVICES
Some goods, technologies and information that you might not think need a licence may also have military use. These things are called ‘dual use’.
Check if you need a licence if you:
• export high-tech products like specialist computers, radios and other communications equipment
• develop software that could be used for information security systems (for example, cryptographic technology)
• share information, knowledge or skills that could be used to make weapons
https://www.gov.uk/starting-to-export/licences
Just looked in on this board and was surprised to find folks still posting. To be honest I had totally written this investment off. I will e-mail Clever Sheep with my details.
Excellent results (in my opinion). Although I do not think we will see a really significant hike in share price until next year. I would love it if I'm wrong and it takes off sooner.
Well I think the RNS is no more than a 'holding' statement. I am still convinced that this share will suddenly fly with no prior warning. Mr Castro and the other directors who last bought in (again) back in November are well clear of any closed period now. So whether it be good news from one of their projects, or possibly even another take over bid, I am glad I am in, rather than sitting on the edge of my seat waiting to jump in. Just my opinion, please don't jump in on my say so, I'm no expert.
In the Market report column by Gary Parkinson in today's Times, there is a fairly lengthy piece on PDX and it's past woes. The final comment reads. "Backers hope that the financial stability afforded to PDX will enable the cpmpany, finally, to demonstarate that there is a commercial market for it's undoubtedly clever technology" Something positive - at last. Perhaps a glimmer of hope for 2013.
Today's RNS re: London buses is yet more good news. If the good news keeps flowing I suspect this really will be a multi bagger. I first bought in in 2010 at 4p on the advice of a guy on the FUM board, so as of today I've tripled my money and hope to do so again. (Hope that doesn't sound smug).
As you say, things get a bit lonely on this board. I suspect that once the revenues from the recent agreements start to flow in, we'll have more company than we can handle. I just hope that SpikeyDT from the iii board keeps away from this one. He or rather 'it' is a BOT that scans media sources for anything remotely connected to a company. In most cases the connection is VERY remote. I have it on ignore on iii. Have a good weekend. Regards, Weildy