It's free. Shares were indicating early a drop of 15% pre-market, after Vulcan release what appeared as an amateur rebuttal to J-Capitals report. “Neither assertion is likely to be true. 55 mins ago; Energy… Found inside – Page 118Fairchil Vsi ld In л Иalley Ind Vspc Transp ionСо Иalley Ind Vulcan Intl.. Ииlсат Маterials Сo. ... Мотетит Distri W & J Propane Gas, Energen . ... Seagull Energy Waco Capital Western Acceptance Waddell & Reed, Torchтark. Sign Up for Take Stock Investment news, stock ideas, and more, straight to your inbox. Vulcan Energie Resourcen GmbH . It's free. In morning trade, the sports…, The National Australia Bank Ltd (ASX: NAB) share price is trading lower on Friday following the release of an announcement.…, In late afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. What’s happening? Non-starter: Vulcan Energy’s lithium plans savaged by short-seller. He claims Vulcan has likely overstated its flow rates and recoveries in the PFS, and ignored evidence of community opposition to geothermal energy projects in Germany and adjacent regions of France. “The recovery rate for lithium is also unrealistic. Vulcan Energy (VUL) remains in a trading halt as it deals with accusations from short-seller J Capital Research that it misled investors. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. Found inside – Page 60Roger J. Grabowski, James P. Harrington, Carla Nunes. EVERGREEN ENERGY INC SIC 299 WESTERN REFINING INC VALERO ENERGY CORP TESOROCORP SUNOCO INC PENNOCTANE CORP NUSTAR ENERGY LP MURPHY OILCORP MARATHON OILCORP INTERNATIONAL FUELTECH INC ... The response was released after markets closed on Thursday, with VUL shares now set to come out of a trading halt that it requested in order to prepare it. Vulcan Advanced Mobile Power Systems (AMPS) manufactures some of the world’s largest portable power generators and were the first new post-war power plants installed in Iraq. It is now cannibalized due to repeated bombings by Iraq militants. Vulcan Amps filed for Bankruptcy, in 2008. Listen to Our Podcasts Our free podcasts, to help make the world Smarter, Happier and Richer. In a detailed response, Vulcan Energy Resources Ltd [ASX:VUL] sought to refute ‘wrong and misleading’ claims in J Capital’s recent short report on the lithium stock. October 29, 2021 | Josh Chiat, October 20, 2021 | Emma Davies. Vulcan Energy Resources (ASX: VUL) is alleged to have misled investors by issuing a positive pre-feasibility study (PFS) with key assumptions provided by The Report contains many claims that are wrong and misleading. This article contains general investment advice only (under AFSL 400691). VULCAN Energy Resources called a trading halt this morning after being targeted by a short seller. In its response, Vulcan took issue with J Capital’s views concerning: – the cost of VUL’s Direction Lithium Extraction (DLE) method; 8, 76133 Karlsruhe . Activist short seller J Capital Research has put ASX market darling Vulcan Energy (ASX:VUL) in its cross hairs, calling the company a “wannabe lithium miner” which “based highly optimistic assumptions for (its) project on work done by small consultancies that were owned by management and acquired by Vulcan.” Vulcan Energy, J Capital — game on Profile; Follow; Stickshift. ASX 200 | A B C D E F G H I J L M N O P Q R S T U V W X. Binding Lithium Offtake Agreement with Umicore • Vulcan Energy Resources Limited (Vulcan; ASX: VUL) has signed a binding lithium hydroxide offtake agreement … Morning Update It said the report did not appear to be based on reliable information and that it used “emotive, intemperate and imprecise language which could mislead investors,” in contravention of regulatory guidelines. Since May 2020, its share price has risen by around 7,400% — from ~20c to $15. October 29, 2021. Zero-carbon lithium company (and market-darling) Vulcan Energy (ASX:VUL) has issued its retort to the report from short-seller J Capital that caught the market’s attention on Wednesday. J Capital and other short sellers will often respond to the company’s response soon after. No incorporation details available. In response, Vulcan stated that … “On J Capital’s website, the following information is included: “Be warned. Vulcan Energy (VUL) remains suspended as it addresses accusations from short-selling J Capital Research that it has misled investors. Vulcan Energy Resources Ltd. (“Vulcan”, “VUL”, “the Company”) entered a trading halt after the release of a short seller report by “J Capital Research Limited” (the “Report”). Unfortunately for shareholders, one report is rarely where it ends. Get the latest Stockhead news delivered free to your inbox. 41 mins ago Business Leave a comment 1 Views. Why is…, The PointsBet Holdings Ltd (ASX: PBH) share price has come under pressure again on Friday. J Capital report is detailed and raises several concerns over Vulcan’s credibility. Australia's Vulcan Energy, ... Short-seller J Capital Research had published the report without sending any prior fact-checking inquiry to Vulcan, … The Vulcan Energy Resources Ltd share price has been put in the freezer after the lithium explorer was targeted by an activist research organisation. Please remember that investments can go up and down. In a detailed response, Vulcan Energy Resources Ltd [ASX:VUL] sought to refute ‘ wrong and misleading ’ claims in J Capital’s recent short report on the lithium stock. “We are highly motivated towards achieving our goals of decarbonising these industries, and will always happily dedicate time and effort to answer any questions about our Zero Carbon Lithium™ Project that come from stakeholders with a genuine interest in the Company and the Project,” Vulcan claimed. The business added the entire report was an attempt short VUL from profit. 0.00% $14.99 vulcan energy resources limited. Found inside – Page 474... Gilroy & Sons , James 8. Hannon , Inc. , same value as the similar property of the Vulcan Company . ... J. Sullivan , John H. Lawrence , Theo . is approximately 30 % greater than that of ... 1 $ 1,380.000 for capital requirements . January 2021 PFS is based on greenfield; September capital raise is for acquisition of existing brownfield energy (where the known performance parameters and capital costs are not overly attractive). It's free. 3 Last. Pic: The Big Short, Regency Enterprises (2015). Vulcan listed on the ASX as Koppar Resources in 2018, before changing its name to Vulcan Energy Resources in when it acquired the Vulcan Lithium Project in Germany in 2019. Vulcan categorically rejects the … Currently Chair of Resource and Energy Group and principal of Viaticus Capital. The company said similar techniques are being used by lithium projects in other jurisdictions. In addition, the benefit of geothermal brines is that they are pre-heated, thus avoiding the use of fossil fuels to heat them up, Vulcan said. Company Overview. Vulcan Energy Resources Limited (VUL, formerly Koppar Resources Limited) is a copper and zinc focused exploration company which owns mineral exploration projects located in the Trondelag region of Norway. The company also highlights that the report claims the Upper Rhine Valley has much lower lithium grades than in the Salton Sea. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. In terms of which side got the best of the latest ASX short-seller stoush, the market will make that decision when Vulcan shares recommence trading at the conclusion their halt. Elsewhere in J Capital’s report, the short seller said Vulcan’s PFS had applied a flow rate (litres/sec) for geothermal DLE process of 100-120 litres per second (lps) — an “unrealistic” measure that sits above the industry standard of 50-80 lps. The Rinehart-family backed Vulcan Resources has been labelled a “wannabe lithium miner” in a scathing report released by activist short selling fund J Capital after the market closed yesterday. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show and premium investing services. To read the response in full detail, you can click here. It's hard to imagine what our lives would be like had the Enterprise never boldly gone where no man and no television show had gone before. 40 years after Star Trek: The Original Series premiered, the show still looms large in our cultural ... ""We spoke with three local politicians, and none had encountered public messaging by Vulcan." licence despite damning report. Dr. Francis Wedin. For more information please see our Financial Services Guide. Lunch Update Email Lists * And right now, Scott thinks there are 5 stocks that are better buys. The PFS gave the Zero Carbon Lithium Project a 2.8 billion Euro NPV. © 2010 - 2021 The Motley Fool Australia Pty Ltd. All rights reserved. Should not Vulcan or ASIC sue J Capital for breaching ASIC rules by not giving opportunity to Vulcan before making a public allegations? With a $1.86 billion market capitalisation and effectively no revenue, it could get ugly for the Vulcan Energy … Found inside – Page I-312357 BUNKER, DAVID–Vulcan Inc.. ... 2155 BURDICK, STEPHEN J.–Battelle Energy Alliance, LLC............ 2212 BURDICK-BELL, CHRISTINE–Pharmavite LLC . ... 2167 BURG, ROBERT–Midwest Capital Services, LLC.................. 1359 BURGE ... Vulcan Energy denies all of the claims and argues the author isn’t qualified to comment on the project. The Vulcan Energy Resources Ltd (ASX: VUL) share price has been put in the freezer after the lithium explorer was targeted by an activist research organisation. The Motley Fool Australia operates under AFSL 400691. 27/10/2021. Level 11, Brookfield Place . Its shares are up 81.92 per cent in the last six months and last traded at $14.99. “The report is authored by a Mr Tim Murray, co-founder of J-Capital, who according to his own bio has lived in China for 19 years and has a degree in ‘Chinese Political Economy’,” the company said. J Capital and other short sellers will often respond to the company’s response soon after. Found inside – Page 322New York , N. Y. – Paragon Fan and Motor Com- THE NORTIIERN ENGINEERING COMpany has been incorporated by William E. Smith , Rich- PANY , of 39-41 Cortlandt street , is composed of Messrs . ard J. Scoles and Samuel Thorn . Capital stock ... The company addressed a separate J Capital claim on DLE, which cited research from the U.S. Department of Energy which estimated that the cost to produce a tonne of lithium carbonate using DLE would be around US$4,000. Found inside – Page 435Appellate Division, Marcus Tullius Hun, Jerome B. Fisher, Austin B. Griffin, Edward Jordan Dimock, Louis J. Rezzemini, Leland F. Coss, James M. Flavin. In the fall of 2004 , defendant Vulcan Energy and nonparty Vulcan Advanced Mobile ... In response, Vulcan stated that … The response was released after markets closed on Thursday, with VUL shares now set to come out of a trading halt that it requested in order to prepare it. Vulcan has moved between a brownfield and greenfield investment. Issued Capital: 53,670,002 . Authorised by Bruce Jackson. “Vulcan Energy Resources Ltd. (“Vulcan”, “VUL”, “the Company”) has been requested by ASX to respond to a report published online by a group called “J Capital”. Vulcan said it didn’t get a call, and added that the short report also used “intemperate and imprecise language” (another ASIC no-no). It claims the project’s pre-feasibility study is misleading.. Vulcan disputed the claims before the market opened this morning. Short-seller J Capital Research had published the report without sending any prior fact-checking inquiry to Vulcan, the company said in a filing to Australia’s stock exchange. October 2021; September 2021; August 2021; April 2021; Categories In addition, Vulcan Energy, Vulcan Capital LLC and Vulcan Capital II LLC have entered into lock-up agreements with the Issuer, with restrictions similar to those set forth above, for terms of two years with respect to the units owned by Vulcan Energy and one year with respect to the units owned by Vulcan Capital LLC and Vulcan Capital II LLC. This field is for validation purposes and should be left unchanged. Therefore, the publication can’t give investment advice in the nation. Managing Director & Founder – CEO. The Motley Fool Australia has no position in any of the stocks mentioned. Found inside – Page 251... 2390 3790 VTX ELECTRONICS CORP VULCAN INTERNATIONAL CORP VULCAN MATERIALS CO VWR CORP W W CAPITAL CORP W - J INTERNATIONAL ... BANCORP WASHINGTON CORP WASHINGTON ENERGY CO WASHINGTON GAS LIGHT CO WASHINGTON GEORGE CORP CODE NONMFG . However, Vulcan notes that the grades are actually similar. 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