Versarien Share Discussion Threads

[a_game] 24/1/2019 16:10

Taken another 10k in 2x5k chunks - Locked and loaded :)

[zagrosfold] 24/1/2019 15:55

Well the conversation I had with Roberto was based on me trying to find out why Gnanomat had chosen VRS amongst all the others and I didn't catch all of what he said as he's a quietly spoken man but I was very happy when he said that vrs' graphene was "the only one that worked" so to have that confirmed by him meant mission accomplished as far I was concerned. It's obvious that vrs has the best stuff and there doesn't seem to be any competition at the cutting edge of graphene applications.

[davemac3] 24/1/2019 15:50

sounds like you want the price lower 2tyke, otherwise a pointless post

[hew] 24/1/2019 15:37

Just worked through all the excellent GEIC feedback. Thanks to all, especially re the substantial reports but brief items and snippets also very valuable to fit in and clarify.

From the whole lot, for me the standout item was first highlighted by Scrutable, then just one or two other mentions: Roberto's statement that they had tried 50 "other graphenes" before finding Nanene. So much in a short sentence!

[superg1] 24/1/2019 15:13

Hayd

I'm going to mention it again as I struggling to understand the logic of something recent re cash. Other 'factors' add fuel to the fire of cash burn has increased.

Shared to see if anyone can make sense of it.

cash YE June 30th 2018 £5m

Cash burn losses £6 mill per. Other admin expenses of near £9 mill causing that.

So £450k-£500k per month burn rate. If the first are the same up to January on cash burn they had £3 mill cash BUT the revenue included £800k for grants. Not knowing if they had nay I've discounted that to get to £2 mill.

Either way why would the need a £750k loan at 11% from the bank of Wales which they intend to start drawing down this month for working capital. A secured loan repayable by April 2020.

So does Nadine get my point. WHY (if you had £2m to £3m in the bank in January) would you draw down on a £750k loan and start the draw down in January.

It doesn't make business sense on the finances. What has happened to the £2m to £3m.

In the finance news we learn that Ray who was kicked off CEO then doesn't stand to remain on the BOD, another founder of Haydale steps down too.

Ray sells some shares.

It really does not look good and fits with rumblings I get to hear.

[superg1] 24/1/2019 14:53

realcool

I suspect if s certain contact lands near term which I suspect not will then you will be well pleased with yourself.

It's fine looking at prices and thinking will it go lower but as stated it seems the 60 million of supply over the last 18 months is near it's end.

PIs sell on drops and buy on rises, not you it seems.

[festario] 24/1/2019 14:46

RCT, you have the power to move markets!

[realcooltrader] 24/1/2019 14:45

Right...note to self....don't buy any more! 2 x 10k mine.

[grabster] 24/1/2019 14:38

tweeted 3 h ago by NR "From my own experience the first time we rented a 2000sqft factory and said we were going to fill it, people raised their eyebrows and nodded to each other in a 'he's crazy' way, a few years later and we have 3 c30,000sqft factories full of kit."

By 3 factories I presume he means factories A, B & C (Aylesbury, Banbury, & Cheltenham)

(Thinks, ... Will there be a Factory D?)

;-)

[woodpeckers] 24/1/2019 14:36

sandbag, I thought Neill said that Peter & Steve are going to China with Chris, didn't hear Roberto mentioned...

[alchemy] 24/1/2019 14:33

I think you're mis-steaken. We're the early birds still. The bulls and cows are still to flock to this.

[festario] 24/1/2019 14:31

On a wider point though, I'm well aware that although our share price is languishing, absolutely nothing else is flying either.I agreed with another VRS Investor when we met earlier today, that if I wasn't fully invested here, there isn't anything else I'd like to buy!

[festario] 24/1/2019 14:27

The story is crying out for a bit of tangible news now, certainly the share price is.The much vaunted product launch with AECOM would do it, as would ISO accreditation, so would something solid regarding production moving forward in ANY Chinese region. The last 2 of those situations are now chronically overdue, when compared to the language used about them early last year.It feels like much of the momentum from early 2018 has evaporated. Why has there been no updates to the list of collaborations since the final results day? Something must have moved on a stage or two? Yesterday would have been a good time to revisit that.I'm appreciative of the GEIC feedback but I'm kind of glad I didn't attend now, I haven't learned anything new.

[chumbo] 24/1/2019 14:26

I'm little surprised that amongst all the updates re progress on Nanene in its processing and various product guises no mention has been made of the ink side.

Was anything asked or ventured at all?

[laginaneil] 24/1/2019 14:22

Hello Anley,

I know you probable have a lot more experience than me but your thought:

'less news - except for half and full year reports'

BUT isn't that what sets this company and CEO apart from the others ?

For me this is exactly why I am here.

To find out twice a year what is going on is terrible, the world can fall
apart in that time.

I prefer to have as much info as possible and I will pick the bones out.

I hope you are not upset by my view.

[pcjoe] 24/1/2019 14:21

Good to hear the production side being given top priority - the Chinese will be looking for a reliable manufacturing process to fit in their factories before signing up - not sure if it will ever be simple enough to do away with the boffins and white coats - it would be great to just pour ingredients in at start of the line - select programme is and retrieve Various types of Nanene at the other - Maybe one day in the not too distant future...

[superg1] 24/1/2019 14:06

Lovat

I'm zipped up like zippy re some graphene companies at the amount re cash and will comment as and when the inevitable happens.

Hayd

They need £5 mill plus imo it seems based on cash burn but are surely now down to the last 1-2 mill. I hear the low end but I'm working on historic data provided by Hayd in news (EG £450k cash burn per month).

The recent cash raised covers 2 months. As stated at the time they were on the hunt for cash and not only were one or two not prepared to help them again and one sold what they had. To date there has been no fund raise that covers their costs for the next 12 months. Other factors have me fearing the cash circs are worse than they seem.

So in short we are moving into a period over the next year where it's sink or sink or for some that appeared shouting and sink or swim for others (probably sink). VRS are however going along very nicely with cash in the bank with huge interest.

BS eventually outs and that factor will start to kick in for some over the next year or so.

[spike_1] 24/1/2019 14:04

Thanks sandbag - that had not been mentioned previously - intriguing ;0)

[adejuk] 24/1/2019 14:01

ellis
we are the herd

[sandbag] 24/1/2019 13:58

I don't think it's been mentioned but Roberto is going to China with Chris this week. Presumably Peter will either accompany them or already be there. Interesting times!

[anley] 24/1/2019 13:42

Well done all those who have posted some excellent and interesting posts.

For me there should be less news - except for half and full year reports - less Twitter and move the whole business up a level.

Keep the City of London out of reach..........and by the way did the company brokers come to the GEIC day?

I have been adding to my holding at just under 124p and another buyer in my office want's all the stock he can get at 100p...........

I may go to Berlin again now I have a good grasp of what the business is now all about and test out for myself just who the world competition could be..........

Once again well done VRS as the team moulds itself to become a world first in Graphene.

[ellissj] 24/1/2019 13:22

Indeed lovatt, and directas offer to their shareholders undersubcribed i see. Best ellis

[lovat scout] 24/1/2019 13:18

Agreed Ellis - if the competition needs to raise cash their shareholders may get badly diluted.