The short selling report from J Capital was self-serving and error ridden. Vulcan and the brokers covering it have always acknowledged that (at this early stage in its development) it is a speculative stock. However Vulcan has been shaping up strongly with the staff employed and the industry links. Then there are the off take agreements with industrial giants.
You would think from the critics that Vulcan had conceived DLE last week and were the only ones in the game. They're not. Apparently DuPont and all the other industry partners are idiots and the institutional investors are throwing money away on a whim.
Most people living on a rural property and working with fire pumps know about flow rate, head, friction rates, etc. You size and place the right technology to get the job done. It would be reasonable to think that in 2021, in the heart of European engineering, Vulcan will achieve the necessary flow rates to make the operation viable.
It's a reality that fear mongering is relatively easy and always has the advantage, whether it be in politics or industry. Countering it takes energy and resources to overcome the mud that sticks.
After reading Vulcan's detailed response I now have more confidence in the company and intend to top up if the price drops dramatically.
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