Versarien Share Discussion Threads

[grabster] 05/10/2024 17:20

Ricketts' sacking (ok, 'enforced resignation') 18 months ago, I presume was because he was outvoted on proposals to switch to a licencing model and to give up chasing the idea of being involved in products. I guess he favoured staying with products (?).

It is 8 years since they bought AAC Cyroma, ".. providing it with a dedicated facility to produce graphene-enhanced products... It is thought that the facility will become the first dedicated graphene-enhanced plastics manufacturing factory in the world."



So they did have a route to market without requiring their graphene to be taken up by any of the many companies they were reportedly collaborating with. Those companies will have needed persuading to amend their production recipes. But Versarien owned Cyroma. So how close did they ever come to actually employing any graphene in any products? Most of what Cyroma previously made was, I presume, to specifications dictated/accepted/affordable by their customers. But from what I have seen of their Banbury facility (which I visited) they were in a position to produce additional items designed in-house and directly marketed by Versarien. How come there never were any?

Too late now of course, with AAC Cyroma being dumped.

I hope AAC Cyroma are luckier with whichever owner Paul Bennett sells it on to.

[sloppyjoe2] 05/10/2024 16:24

Down and down and down she goes, and where she'll stop nobody knows. Except we do - suspension and administration. Whatever happened to the VRS graphene factory in the centre of an industrial park in China? Whatever happened to all those LOIs? I think someone might have been, er, irrationally exuberant about this company's prospects...

[festario] 05/10/2024 16:02

This is RUBBISH!!

[smokeyjohnson] 05/10/2024 11:51

If only they were p values, we'd be reaching significance.

[britannicvs] 05/10/2024 08:56

All time low share price tells you all you need to know.....move along, nothing to see here.

[squire007] 05/10/2024 00:40

Lol, with the p numbers look fine ;-)

[senden11] 04/10/2024 20:19

Agreed, bluemango, you can't argue with the chart, or with recent Versarien history.

However, today's business summary is encouraging, despite the fact that everyone has it nailed on as a precursor of a placing - with good reason. The company, with its turnaround strategy in place, seems still, IMO, to be going in the right direction.

For me, the sale of AAC Cyroma is the main business fulcrum of the week - not a great price or terms, but resulting in far lower monthly VRS overheads, which largely dictates the near-term future solvency of the company.

Watching, waiting and still invested - Bon weekend all!

[1retirement] 04/10/2024 19:50

All agreed, idiotic.

[bluemango] 04/10/2024 16:31

Lol, if it makes you feel more secure, I'll say 'never'. There you are.

No, I don't 'wonder why' the vast majority of posters here are ultra-complacent derampers. A mere glance at the 3 year chart is enough to tell you why. I'm just cautioning against being too smug, that's all. And that goes for 99% of the people posting incessantly on here. You've had it all your way until now, so well done with that, btw. And perhaps it really will ultimately fail? Who knows.

[zydecoco] 04/10/2024 16:11

blue mango, Your inability to answer any question of course leaves open the strong possibility that you think it is indeed "Never".you could choose to say when you think VRS will cover its costs, but of course as the saying goes - "Even a fool is counted wise in his silence".You wonder why many people here are non-bullish!

[bbmsionlypostafter mk2] 04/10/2024 16:03

zydecoco,

Your numbers in 153429 are wrong again!

[1manchild] 04/10/2024 16:00

BlueMango - I just want a new management team that knows what they are doing so that we get a better chance of pulling something off. That's all I want. Everything else I will ride. I think your 'what ifs' become 'maybes' if this happens.

[zydecoco] 04/10/2024 14:52

I would very much like to know that, if it were to ever happen.At what date do you think they will cover costs?And When do you think they will get any significant licensing revenues?

[bluemango] 04/10/2024 14:39

Haven't a clue what price it'll be.

You'll keep going on about it, though. That's for sure.

The thing you don't want to mention, is the point at which this gains traction and starts getting some deals in to at least cover costs. For you, that's still so far distant you don't even want to think about it. Or what happens to the valuation then.

[zydecoco] 04/10/2024 14:32

Bluemango, what price do you think the coming Placing will be at?- Above current share price - 0.5p or above.- 0.4p or above.- Below 0.4p.This is the short term question that matters to shareholders and prospective buyers of course.

[dil 21] 04/10/2024 14:26

lol , I was thinking the same.

[1manchild] 04/10/2024 13:14

PWhite73 - 'There is just too much happening in the use of graphene at the moment for the company to have an off-the-shelf AIM spivvy CEO as repeatedly suggested by 1manchild.'

I see motor mouth is back at the race track again?

Let's take two comments from you today - similar to what we see everyday - to show you need to calm down:

'Now what if Balfour Beaty if instead of putting cash on the table for the project participated in the next placing. Just an idea.'

'20 years is the time it takes from discovery of a new material to its commercial application. So graphene is bang on time. This is why so much is happening now.'

What on god's earth are you on about? Where is there any evidence on anything you have said? On the balance of probabilities one would say BB is not involved in the placing for so many reasons and nothing major is happening in the graphene world as of today.

PWhite - we actually bat for the same team in terms of loving the technology and wanting this to work but our personal issue is we see life completely differently. You flit around on your narrative, constantly changing and adding justification according to your personal views for a reason only you understand, whereas I am solid with my views as they are based on historical evidence which most people understand even if they disagree.

I do not want a spivvy AIM CEO at the helm. Where have I ever said this? I am looking for an advanced materials connected CEO - probably introduced by government or at least by the Neds finally doing their jobs - with networks and diversification ideas due to graphene not being implemented commercially any time that soon. Someone who has a track record of turning things around - not what we currently have where nothing of any significance has happened in what I would describe as a more than fair period of time for this management to deliver different ideas and a turn around to have taken place. Nothing of significance has happened because the current management does not have the experience in finding alternatives.

I am happy with the BB opportunity. I am also happy with what gnanomat is doing. But none of this is the result of the current management leading the way as they are not the experts in either field. The vast majority of everything else is fluff - CVD in Korea isn't happening and I'm not sure on that deal with MCK anyway so lets see if we get the cash - Graphene textiles is currently a novelty and lets see if Umbro do another range - AAC sale is really poor deal and who knows if we will get the cash - most R&D projects are graphene giveaways - and so it goes on. This management does not inspire me and I want to twist instead of stick because I have given it long enough.

The placing will happen next week and we will go around in circles once again and you know this deep down, so unless you have a hidden agenda please stop telling us all that a scientist as a CEO with no turn around experience is a good idea because it is not. And please do not say 'that's why we have Prompt' because they are not delivering either.

[bbmsionlypostafter mk2] 04/10/2024 12:52

19526

What achievements?

[grabster] 04/10/2024 12:40

No mention of Versarien in this lightweight survey of graphene investment options. And the capitalisation of the stocks that are mentioned is misleading, in the sense that those with the bigger numbers make very little of their income from graphene, and more of it from selling graphene-making equipment or from owing graphite mines or from other products.

Of the companies that came to market since 2004 specifically to develop/produce graphene, they are generally in the same boat as Versarien - struggling to make headway along the path they originally intended.

Unless any of the better ones are taken under the wing of some established producer of chemicals and advanced materials, I suspect they will all be overtaken by the Chinese in a very few years time. Say 3-5 years from now in which to succeed as standalones or be adopted.

[pwhite73] 04/10/2024 12:25

I don't think so. Due to the fall in the share price after the next placing I think they will need to call an EGM to issue anymore shares to raise further capital in any meaningful amounts. This is also why I raised the subject of the 10% holder.

[zydecoco] 04/10/2024 12:17

Yes, there will be another placing after it too

[pwhite73] 04/10/2024 11:54

I'm fully aware of the 5% threshold. It is because there are no big institutional shareholders only PIs that have lost up to 99% of their money why an EGM would be extremely precarious. Even if it had the support of the nominated brokers it is not the route a company in Versarien's predicament would want to go down. It would undermine all the achievements and the hard work done since the new CEO took over.

Where a sole investor has a recent 10% holding and all existing shareholders having lost money the company needs to be extremely careful when wiping out the 10% holder.

This is why I believe there will be more to the next placing.