Versarien Share Discussion Threads

[ellissj] 25/9/2018 07:39

And of course poor diesel sales partly blamed for 3 day week at jaguar. When the tide turns, there is a scramble to deliver the models and engine types the public demand imo. Best ellis

[herschel k] 25/9/2018 07:38

Yes it's you FC

[herschel k] 25/9/2018 07:37

DaveMac Did you listen to the interview with Doc Holliday yesterday?If not I recommend you do so.Neill explains quite clearly that they need a strong balance sheet for their collaboration deals with big global players.Therefore when they saw the demand for the raise they took the opportunity to strengthen it.Nothing more nothing less.If you look at the deal in itself it would have come to just under 2m which is only 900k lower than Neill's original intention for the raise, which would have strengthened the balance sheet only a little bit.What we have now, well......H

[john henry] 25/9/2018 07:37

I guess i need to ask you the question SuperG, can you see any difference between Zap&Go and GNA. Both appear to be developing in the same space ????
Thanks in advance.

[1crackupboom] 25/9/2018 07:37

I put a 25m valuation on this company so I reckon we fly through 2 quid this morning.

[grabster] 25/9/2018 07:36

The assertion that GNA are at the forefront of new ESS technology is an assertion made by several other companies (including Zap&Go). NR appears to believe that GNA's claim is valid. We shall see within quite a short timeframe by the sound of it. Exciting stuff.

[anotherdrink] 25/9/2018 07:36

I'm looking forward to finding out what NR's 'plan' is with regards the remainder of the fund raise. Indeed, what a first half of our financial year. Don't need psychic abilities to suggest that the second half will probably surpass this - easily I hope.

[ellissj] 25/9/2018 07:36

Agreed phoenix. I imagine it will be a sizzling agm today. Grateful shareholder here. Atb. Ellis

[wardy333] 25/9/2018 07:35

Another great deal by the looks of it, prudent use of cash and good lock ins.

[the fat controller] 25/9/2018 07:34

We went to the market for £2.9 million to buy GNA.
we raised £5.2 million by issuing 3.5 million new shares.
We buy GNA for £675k, and issue 1.3 million new shares.
What am I missing?
Is it me?
TFC

[phoenixs] 25/9/2018 07:32

Anything possible Ellisj but I think that NR has got a “steal” here just as he did with 2Dtech and Cambridge Graphene. The combination of all companies under VRS looks most irrepressible to me

[ellissj] 25/9/2018 07:31

Thx grabster, am more familar with psa group, they were behind the curve last i looked. Best ellis

[pshevlin] 25/9/2018 07:30

Sorry 2million+ !!

[ellissj] 25/9/2018 07:29

What if it could be a battery unicorn in its own right phoenix? How best to maximise potential if so ? Of course, lots of ifs buts and maybes here, but excited by this deal and possibly what it represents to prospects of vrs and holders alike ! Sure neill and co have guile to best exploit the opportunity, and full confidence in the team. Aimo. Best ellis

[pshevlin] 25/9/2018 07:29

Like Neill said in his interview with DH they have used as little cash as possible buying the company. the 2k+ figure was a worse case scenario. GNA are also a private company so when shareholders re mentioned it could be a very small number, even 2 or 3.

[lovat scout] 25/9/2018 07:29

Lock in period is not long by industry standards and loan note to start being repaid 3 months after issue if I understand correctly, so VRS and GNA must be confident over cash flow.

[chillpill] 25/9/2018 07:26

The fact they are taking the majority of the consideration in VRS tells you where they think VRS are heading.

[grabster] 25/9/2018 07:26

ellisj - Renault worked with Nissan for several years in development of electric trucks.

[davemac3] 25/9/2018 07:26

It looks like a sneaky fund raise to strengthen the balance sheet. If you read Friday's RNS it doesn't say the money would be used to buy Gnanomat

[cheek212] 25/9/2018 07:25

Question is then - why the large placing of shares if the cash wasn't used to buy the target? I am very happy with the way it was structured but I think NR has left himself as a shorters target re raising funds for other means! Good news though and looking forward to AGM albeit not the 2 hour drive!

[luckyorange] 25/9/2018 07:25

Yeah rainbow, where is it! Hope you are going to the agm to give him a good sound grilling .

[rainbow23] 25/9/2018 07:24

Where's the collaboration update that was supposed to happen "within two months" over two months ago? Seems it hasn't turned out to be true.Expect an AGM fob off statement such as "collaborations progressing well". Typical aim outfit.

[phoenixs] 25/9/2018 07:23

Ellisj. Only if VRS want to but would not see the point now that it will be 69% owned by VRS and therefore already part of a public company

[ellissj] 25/9/2018 07:23

French psa group plus renault had best diesel engines imo, but fair to say behind with ev models. You might be keenest to get ahead of the curve with next gen tech ? Probably all of them lol ! Aimo. Best ellis