Market's view on Versarien

Published on April 2024

  • A stock watcher mentioned the potential positive impact of a 50p increase in revenue, noting that such a change would necessitate a Regulatory News Service (RNS) announcement.

  • Discussion on the development and use of graphene sound absorption materials in naval applications, specifically mentioning the effort involved and a two-year timeline for implementation on two ships and a submarine.

  • Clarification on the conditions necessitating an RNS announcement was provided, distinguishing between legal obligations (such as a CEO’s resignation) and material impacts (like a significant contract), while also noting efforts to reduce costs, including sparing expenses on unnecessary RNS releases.

  • Skepticism was expressed regarding the company’s use of Memoranda of Understanding (MOUs), questioning the authenticity and accusing the company of using social media for unofficial announcements, suggesting a pattern of questionable practices.

  • The effectiveness of previous MOUs signed with other entities like China Railway was questioned, implying a history of unproductive agreements.

  • It was highlighted that current MOUs are perceived as genuine and aimed to achieve commercial objectives involving the sale and usage of graphene-based products, contrasting them with past MOUs intended to mislead investors.

  • A specific instance cited the visit of the company’s CEO to HD Hyundai Heavy Industries as part of a collaboration involving graphene technology, which was part of an ongoing turnaround project.

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