Versarien Share Discussion Threads

[woodpeckers] 13/12/2019 21:05

brassneck, please don't apologise! What a great read! Many thanks for sharing your notes with us.
You have certainly got me looking at the China news with a fresh eye...it seems BIGT have competition! Excellent!
More excited than ever having read your post!
Thanks again,
Woodie

[scottishfield] 13/12/2019 20:50

Great post brassneck2. Always good to get a different take etc. You should post more often. Good posters are a rare commodity around here. Thanks so much.

[hattie1] 13/12/2019 20:48

Thankyou for taking the time to feedback to us

[sandbag] 13/12/2019 20:46

Thanks very much brassneck2!

[festario] 13/12/2019 20:39

Lucky Orange, I'd caution you against poking your nose into a situation which doesn't concern you. I'm saying that for your own wellbeing, I can't comment further on that. But please believe me.

[brassneck2] 13/12/2019 20:37

Bangers meeting
Firstly apologies this is so late after the event but I’ve put my thoughts on the areas discussed below. I won’t repeat the various comments made as much has already been accurately reported. Instead I’ll give my interpretation of the priority areas as I see them plus the cash position

It was the first event I’ve attended and so first time meeting Neill and Chris. I have to say both were very relaxed and confident in the position the company is in. I was impressed by both.

Cash: Undoubtedly they were both irked by the rubbish that has been posted about the cash balance. They are adamant they have at least 15months cash in hand. Gnanomat is a red herring. They are funding it now and don’t need to make particular payments on any particular dates. They have been pretty successful in securing grants for research and development and will continue to seek these, such as EU battery development grants. There will be no fundraise unless directly linked to a strategic investment, most likely from China.

China: I think I’d underestimated Neill’s desire to ensure they get the right deal in China. There are 4 key aspects to this. Valuation of the stake and ensuring 50% of the proceeds flow back to the UK are two but the most important clearly seem to be IP protection and Control. There was a long discussion on this and linked to the results RNS. The non-binding term sheet signed with JBG is much more significant that people seem to have realised. The paragraph in Neill’s CEO comments is key, including the strategic investment. JBG aren’t interested in either IP or Control and are happy for VRS to control the Graphene valley park incubation in terms of businesses coming in and activities supported. It appears for JBG it’s a property play and they want to establish lots of these parks as China seek to massively invest in Graphene. I now think they will be the ones to invest in VRS and legally binding terms may not be far off with this a model to role out to many other provinces and the longer term vision of dozens of Graphene valleys in China. I think BIGT is further off as they appear to want more control over proceedings and greater IP risk, not least due to various military interests and applications that China have. If VRS progress with JBG you may see BIGT modify their position and there still be a deal done. BIGT are a facilitator and so can still do this in the parks established by VRS and JBG. This was my interpretation anyway but it’s a moving feast. With either of them the valuation and flow of funds didn’t seem an issue.

Competition: This area gave me most comfort. Neill clearly thinks there is no one around even close to VRS in capability to produce multi tonne Graphene (the proper stuff). This is why everyone beats a path to their door. My assumption was that someone will get verified soon but so long as the ISO standards of sub 10 layer remain for Graphene it doesn’t seem likely. VRS have a clear run at this market which delighted me.

Big 5: More good news here as they all seem much closer than I thought. Textiles has been covered and looks a really good partnership that will grow both businesses. I don’t think it will be long before a product launch. Arch is there and waiting for TFL to make a decision. Concrete in testing and progressing well. Aircraft part very close too as is oil and gas with good results from the batch produced from the 12kg order.

The foundations are there and Neill is putting together a class operation. We can’t expect revenues overnight but I do think they are coming and will build materially over time. Don’t expect an immediate multi tonne multi million instant order RNS, I think with any of the big 5 it will be a gradual build of orders with agreements in place that will last years.

If they can land only a fraction of this it will be happy days.

Apologies for the long post but it was a very heartening evening.

[knob sandwich] 13/12/2019 20:11

No it's not 😝

[festario] 13/12/2019 20:10

Clubbie, yes... that's Dean Haigh.He's not worth bothering with, I love ignoring him and let him waste hours of his life each day, writing reams of stuff that never get seen. He knows exactly where I live too, but like the true stalker he is, he's limited to his amusing online trolling.Lucky Orange is almost as bad as Dean.

[woodpeckers] 13/12/2019 20:01

Lucky, you are wasting your breath...you have to first of all see that you have a problem, secondly want to change and thirdly have the strength of character to do it...

He, sadly, doesn't get past the first post...

[luckyorange] 13/12/2019 19:55

You are nothing but a fool Ian and delusional too, you are only damaging yourself and your family in the long term and maybe not so long term .You are not tough you are a frightened rabbit and put yourself in the headlights.

Only you can change that it is entirely your choice as there is absolutely no need for your behaviour, trying to help you but you are absolutely not thinking rationally in any way .

[club sandwich] 13/12/2019 19:40

Lucky - I don't have a routine you moron, I'm a contractor and it changes every few months. There's a lot of rage inside me. I love those opportunities when I can inflict damage on someone while claiming self-defence. I am worried not the slightest.

[tomduck] 13/12/2019 19:38

It’s about time someone found out where “big wig” Club Sandwich works and shows the board of directors, the way he conducts himself. I’ll happily see him on the streets next year and buy a big issue of him...

[luckyorange] 13/12/2019 19:37

Ian you fool, that isn't Dean Haigh, you should have worked that out by now.

Don't invite people to do it as someone obviously knows where you go and what your routine is . I think it is something to do with the vitriole that you aimed at Theresa May, there is always a price to pay for things like that. Think about what you are saying and doing you are tempting fate.

[knob sandwich] 13/12/2019 19:27

Separated at birth 🤔

[knob sandwich] 13/12/2019 19:02

Is that any way for a Peer of the Realm to speak?

Quite shocking, I'm appalled 😟

[club sandwich] 13/12/2019 19:00

I'll add my complaint to Fest's. The police know where you live and they're working down their To Do list towards your case. Fest would have caught up with you himself if you didn't keep getting evicted from bedsits. If I ever catch up with you you'll be very very sorry.

[knob sandwich] 13/12/2019 18:54

There can only be one suitable response to that ...

[knob sandwich] 13/12/2019 18:41

There's time yet mate ..

[knob sandwich] 13/12/2019 18:18

By popular demand . . .

[1teepee] 13/12/2019 18:09

Excellent crayons Very nice artNo reality though