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Velocys

November 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Velocys has announced that a customer, Red Rock Biofuels, has been awarded a $70m government grant to construct a biomass-to-liquids (BTL) plant incorporating Velocys' technology.The BTL plant, located in Oregon, onshore US, will convert c.170,000 tonnes per year of forestry and sawmill waste into c.1,100 bpd of clean transportation fuel. Go-ahead is likely in the next six months and construction will generate in excess of $15m revenues for Velocys. Other key projects – GreenSky London, Pinto GTL and Waste Management – continue to progress. Unfortunately the shares fell through our 190p stoploss but lock in a gain of 24%. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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Velocys

November 2014

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