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[barony] 28/6/2019 16:57

Thanks very much Hew. Exciting stuff!

[woolybanana] 28/6/2019 16:50

Well, nice one today. I wonder if there will be a toing and froing with Iofina now as both seem to be on the up, and many are invested in both, touch wood.

[grabster] 28/6/2019 16:43

Thanks Hew (71809)

[thatkieran] 28/6/2019 16:43

In the podcast he says something like: it's very expensive if there is a failure while the drill string is exploring. Make of that what you will...

[ellissj] 28/6/2019 16:12

Thx hew. Sounds v good for holders. 'Both ends of the day, massive activity' - re usa and china. Looks like GC verification, chinese expert verification and strategic investment rns by BGT is changing the game here as i hoped it would. With nothing doing generally in uk/europe because of brexit, a great intl strategy is playing out here it seems. Of course, when brexit settles to the degree that allows a resumption of normal business investment activity, i wonder if holders shall be pleasantly surprised also. Neill upbeat generally about next year. Matt is pleased by intl expansion plans per tweet below :) a very encouraging day. Aimo. Best ellis

Matt Walker @MattWal79512221

Replying to

@SonnyJim2355 @neillricketts and @sampate86231930

"Sure..... we are rolling out our global expansion plan successfully and quicker than I even expected - yet still within he risk parameters set at the beginning. We won’t land in all target markets at once but we have opportunities in each of them."

2:00 PM · Jun 27, 2019

[the fat controller] 28/6/2019 16:10

hew,
A good summary!
Well done, and thank you.
TFC

[richafling] 28/6/2019 16:06

In the absence of any indication of application of Graphene downhole the issue of what are the unique properties are unknown at presentHowever my experience in use of Bentonite, a brand name of drilling mud, for similar horizontal direction drilling applications, is that some of its material properties are to act as a lubricant to the cutting head and used to mechanically stabilise the wall structure after the drill head is removed and to then enable the product steel casing inserted without the hole collapsingDownhole environment is very hot 250 degree or more and demanding exceptional electronics design, components and packaging needed to protect the sensors and communication circuits. Baker Hughes, Halliberton and Sperry Sun are all specialists in direction drilling technology with a historic base in HoustonTo that purpose I might anticipate that the lubrication properties of Graphene (automotive lubricant) could become important for very deep and complex bores to reduce friction, heat and improve the thermal performance of the drillhead package . Getting deeper and with more reliabilityImproving heat dissipation increases the reliability of all downhole electronics and sensorsAs said, speculation only

[hew] 28/6/2019 15:56

Grabster, this may help. Not that I like typing but I set store by following Neill's actual wording, checking for generalities etc. (Rarely find!) So I use pause a lot.

E and OE of course but this for my records too - and basis for my top ups today, so!
____________



VOXMarkets audioboom.com Podcast

US Graphene Order, already had small quantities - liked. Real engineering use of Gr i.e. product not work without. Kind we chase. A real reason to use Fashionable uses not last. Been supplying O&G parts before. Drilling O&G pushes envelope, any failures when drill string in exploring very expensive, can take days to pull back. US impressive as just started in US.

Now looking at capacity, Know not enough. Dev team working on doing much greater capacities. This contract one of first if not the first true uses of Gr in “an industrial application - in an O&G application”, where graphene required. Out of hype uses. Scientific attributes added. Massive change for all in industry, sets bar high. Have 3T pa capability machinery but not using at the moment, but can produce 12Kg in couple of days. People not want wait. Now that can make to time and at a commercial rate, now a given. Validates all been doing.

All collabs moving same way. AECOM making great progress and a significant challenge in the potential quantity they might use. This one potentially exactly the same - quantities forecast very exciting.

12Kg is financially significant because of the margins we are operating at. In competitive situation re pricing ‘cos, though others may not have our quality, may produce cheaper. Here a great situation as doesn’t work without the graphene . If used graphite or nanoplatelet not to ISO definition, they won’t work - massive barrier.

Re prices, can’t say. CVD hideously expensive and bulk graphite powder cheap. But know our margins, operating at and forecast, make for a very healthy return for our investors.

Brian based Texas, important for O&G work. Appointment been going on for a while, a senior executive had to encourage to join. Delighted, sees the potential. Has worked for some very big Cos, Neill worked with him previously. Like to have people we know and like to work with, part of ethos. Brian a heavyweight, has a big job to do in the US, now have delivered this order for him, means will be focusing on other things happening in US. Had a huge amount of activity, thankful for, over the last couple of months, team under pressure and time for extra resources. Neill been managing from the UK, extremely difficult given time zones and the amount of work going on out there.

How China progressing? Really well too, so both ends of the day got massive activity, still on track for our indicative timescales. BIGT enthusiastic to get all done, looks like all going happen before AGM. Not guaranteed; when get lawyers involved and big sums money things get more protracted and element of risk, but all looking good at the moment.

Could be that end this year, begin next, could be really exciting with massive activity in US and announcing in China. Not discounting activities in India, S Korea, Japan and so on. Life exciting at the moment. Hard take all in at some points.

1 Commercial validation today, able to satisfy large number of collabs not just technically but commercially
2 First only verified graphene
3 Neill Largest holder

[scrutable] 28/6/2019 15:40

Neill's podcast was delightfully assured today. Sometimes he reflects the pressures of having to step up and talk without enough time for preparation. It is additionally significant to the content that today's podcast was the most confident and fluent I have listened to.

That RNS was the first to signal a satisfactory and desperately awaited, commercialising, milestone achieved in any tests - and therefore the most significant RNS for several months.

Buyers have continually swamped the sellers today. Each Low has been followed by a higher Low every 2-3 hours and the momentum seems set to continue on Monday .... to the certain dismay of shorting trolls! Something similar is surely to be expected from AECOM at ant time and if it comes could take share price back to 180p.

[johnveals] 28/6/2019 15:28

Code 88, two fat ladies.

[johnveals] 28/6/2019 15:26

laginaneil - probably not.

SG - exactly.

The oil industry, it’s where I spent my working life, has a history of snake oil salesman offering all kinds of dubious benefits that usually come to nothing, however it also has some amazing cutting edge technology and Neill did say that this was an engineered application with implications for the reliability of the drilling process, so it does come down to the unique properties of graphene.

[lupins2] 28/6/2019 15:25

Very sorry to hear that Grabster- Regards Lupins.

[grabster] 28/6/2019 15:21

Festario - already did - and will again. But I would like a transcript - which I would type myself were it not for a hand tremor that becomes a spasm at times.

[1teepee] 28/6/2019 15:17

Are you deaf?

[festario] 28/6/2019 15:14

Erm, listen to the podcast?

[grabster] 28/6/2019 15:12

Anyone able to produce a full transcript of the podcast and provide a link please? A big ask, but there might be someone who enjoys typing ;-)

[ch1rp] 28/6/2019 15:11

Code 88 equals BIG buyer around in the background. Not surprised, it's about time people saw the massive potential here:)))

[chumbo] 28/6/2019 14:56

I like this bit:

"All of our collaborations are heading in this direction"

[superg1] 28/6/2019 14:43

Johnveals

Thats' the point I'm pondering over. If it doesn't work without graphene then it didn't previously exist.

All sorts of routes to go down with those thoughts except about exactly what it is.

It could be any of mechanical gains, thermal gains, modulus, permeability, chemical resistance and electrical conductivity. It could be all of them.


As explained by Neill on the podcast and explained here many times. The 3 tonne kit is about being able to supply the initial tests amounts, initial orders at short notice.

It's not about meeting a 1 tonne order as that would take months and exclude all other interest.

What Aecom and others would need is well beyond 3 tonnes.

VRS will expand as and when those drop in.

That can be done by multiple 3 tonne modules or higher or the whatever they are looking into being the next upgrade level.

Hence VRS can confidently say they can produce whatever amount is needed, the tech and kit is proven and verified worldwide.

[laginaneil] 28/6/2019 14:35

Hi John,

If its say 5% Nanene in the master batch would they use as much as 240 Kg

for sensors?

[johnveals] 28/6/2019 14:24

Polymers in drilling muds are used to build rheology, inhibit cuttings and help lift them out of the hole.

My guess is that graphene polymer (plastic) has been incorporated somehow into the increasingly sophisticated downhole sensor packages where high strength, durability and electrical conductivity is exploited.

Huge amounts of real time data is transmitted back to the surface about all aspects of the drilling process and the reliability of that equipment has major cost implications, as Neill implied.

But just guessing really.

[kemorkid] 28/6/2019 14:19

There you go Darren