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Microfuze Share Discussion Threads
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|there's an article on the Web (Aug 14)
in which this company gets a mention (Western Utilities Corporation)
DRDGOLD, Mintails and Harmony Gold are to set up a not-for-profit company called the Western Basin Environmental Corporation that will pump at least 15 megalitres of water a day from the old shafts, treat it, use it on the dump retreatment operations, clean it again before transferring it to a water management company called Western Utilities Corporation, which will sell it to industrial consumers.
One of the scenarios is that pipes are laid to the platinum mines on the Western Limb of the Bushveld Igneous Complex for water supplies to the water-hungry region.
The water in the mines is heavily polluted with uranium, iron and other heavy minerals, which have adversely affected the Krugersdorp game reserve and nearby streams, dams and wetlands.
The pumping scheme is planned to lower the water levels in the mines to a level where water no longer decants into other areas.
|MM not quite sure if this is good or bad news?|
|how many shares have been placed?|
CORPORATE & FINANCIAL COMMUNICATIONS
Date: 19 JUNE 2006 - IMMEDIATE
Contact: Peter Marks, MicroFuze International Plc +613 9824 8166
or +61 412 141 722
John Wilkes/Hugh Oram, Nabarro Wells +44 (0)20 7710 7400
Henry Gewanter, Positive Profile +44 (0)20 7489 2028
MicroFuze International Plc
MicroFuze International Plc (MFZ) to make initial investment in a South African Water Treatment Company
and Raise Additional Working Capital
The Directors of MicroFuze International Plc ("MFZ" or "The Company") are pleased to announce that the
Company has entered into an agreement with Western Utilities Corporation (Proprietary) Ltd ("WUC"), a
small start-up South African-based water treatment technology company. The agreement covers the
acquisition of the 100 shares (representing 100% of the issued capital) currently on issue in WUC for a
nominal amount together with an option to fund the development of a pilot plant to treat acid mine
drainage (toxic water) currently emanating from the mining activities of the various major mining
houses based on the West Rand in South Africa. The treatment and recycling of the water has become a
significant and growing issue for many of the mining houses in South Africa.
Directors wish to reiterate, as recently explained, that MFZ will continue to focus its activities on
the core metal diffusion technology with its current focus on boronising - having moved away from the
original focus of diffusing chrome into steel.
The original MFZ technology has continued to be developed and directors remain confident that it is
capable of achieving its initial commercial outcomes during the current year. Whilst the focus will
remain on the commercialisation and rollout of the MFZ technology and identification of other potential
applications for the technology, the South African water treatment opportunity represents a potentially
commercially attractive technology which balances and potentially de-risks MFZ from its current sole
reliance on the microwave technology.
As a consequence of this, the Company has also decided to raise additional capital in the amount of up
to £2.5m at a price of 5.0p per share. This funding will be provided by institutional investors and
will be used as general working capital to continue to fund the Company's existing technology. In
addition if the Company proceeds with the option to fund the new water project, funding will over time
be directed to the new project which, as stated above, is at an early stage of development. As a
consequence, funding will also be milestone-based and staged over a 2 year period.
The Directors believe that the continued focus on the MFZ technology and the bolstering of the
portfolio with the new project represents a commercially sound strategy and in the longer term
interests of all shareholders. Further details on the project will be provided in due course.
MicroFuze International plc|
|BIG RISE - SOMETHING HAPPENING?|
|interesting company, but it is difficult for me to have a clear idea of what they are doing, any help ?|
|very peculiar. Looks like a leak. Doubt if it's a short squeeze. There must have been some major contract news or something.|
|£8m market cap for an IP company is enough for now. Fund raising will probably be expensive and dilutive.
Too much risk at this price.|
|Results sneaked out yestersday just before the market closed. Not very impressed. Esentially we tried this (chrome), it didn't work so now we are trying this (boron) and need more money. Have sold out. Still might come good but looks like a long wait plus some dilution from a fund raising. Good luck to all holders.|
|Have just e-mailed the company and results due out imminently. Lets hope they contain some good news.|
|Agreed. Buy of 500,000 at 5p today suggets as much. I think we will see some news very soon.|
|Share price steadily increasing on small volume. No word from company about progress in coating turbine blades but it is increasingly looking that certain people "in the know" are slowly building positions. I doubled up at 3p and again at 3.5p now hopefully waiting.|
|Given that there is no news flow and yet a steady flow of buys you have to feel that there are a few people in the know here who are building positions very slowly.|
|Marked down twice on a sale of 50,000 shares!? Very odd.|
|Agreed Pugely. Cash must be short unless they are about to receive a large contract. Yep volume low but in a very illiquid stock like this not a great surprise. Lets hope there isn't a horribly diluting share issue.|
|Spiv1. Proof of concept still awaited. So far as I know still researching technology - apparetnly very slow progress compared to expectations - whatever you do Do not bet the farm - If the process works could be a multibagger from here but they must be running short of cash and have been unloading top level staff (see earlier rns's) All imo - dyor and cautions etc..
Massive MM mark up (possible sucker trap) on maximum 1,100,000 shaers at say 2.3p//2.5p so under £27,000 invested. Hardly earthshattering.|
|Huge deal to be announced Monday? (he says hopefully). With the market cap as low as it is a big deal could see these up 5 or even 10 times, seriously. If a big multinational decides to use the technology this could become a £50m market cap company overnight (that's over 10 times the current share price!!).|
|hey hey hey (scouse accent)..what's up here?|
|Eye eye, somethings up. market going down and this going up. Does someone know some news is due??|
|I believe we shall hear something soon, maybe a funding statement? imo. dyor
I sense a a rise soon!|
|I fear as Microfuze haven`t reached the expected level of Sales\Profits, as outlined in the prospectus. Microfuze will need to raise more cash very soon.
This is just my personal view and I am still very new to Shares.
So please share yours views on what you expect will happen.|
|Another 500,000 dumped at 2.5p. Original Aussie holders still bailing out at a profit? or Institutions who bought at float dumping?
No news on signifiant orders - No update on technical progress - Worried.|
|Could be the start of something here. Some good volume and the price is up over 20%. Mind you its got to go to 10p to reach my entry price.|