Mycelx Technologies Share Discussion Threads

[gallamar] 05/10/2024 15:16

Not sure what to think here.

If I go back to 2022 presentation I see the customer list had bp and many others than latest one.

The website has a list of lots of trials but I do not get from the presentation how much of this lead to actual uptake.

If they do not crack this soon they will run out of working capital.

[slicethepie] 02/10/2024 11:42

I think you will find mycelx are partnering with major companies (see first para of recent results ) and not trying to be the hunter ! Their technology is proven, patented, low cost and crucially removes all pfas. They clearly could do more marketing but the industry is moving at its own pace given the massive costs involved.

[kinbasket] 02/10/2024 10:02

Agree with the last part. I've always felt they're not a big enough company with enough working capital to chase such a large market. It's like hunting a blue whale in a Kayak. With a kitchen fork.

A Haliburton, Schlumberger, Ineos etc could bombard the market with test kits, samples, free trials etc. Not to mention all the contacts.

[nico115] 02/10/2024 09:48

This reminds me of another holding of mine . Rentokil.Right market but management can't deliver . I like Connie very much but she has a v large holding and needs to put pride aside and either beef the BoD or sell out to a bigger company who can progress this more successfully.

[concentrate] 02/10/2024 08:23

The PFAS chap said he could talk for hours about the areas of differentiation that the Mycelx product could bring, but he needed to get the buyers in the room. I didn't actually hear anything in that short snippet which helped me understand the edge that Mycelex has.

The market's clearly large enough, but it isn't clear to me that they're going to be able to access it.

Also, the constant talk about the equipment being low margin but the filters being high margin struck my as odd - primarily as there's so much funding out there for PFAS remediation, why don't they price the upfront costs highly when they have access to a government chequebook? You can increase the filter costs later, but currently they need to justify the long term costs.

Finally, not sure where the money is going to come from to fund all the trials and marketing. This said the $15m revenue next year is punchy given where they are at now.

[nico115] 02/10/2024 07:59

There is no doubt we have an enormous opportunity and this is still a potential 10 bagger ...BUT can this BOD execute ?We sold a building ,sold a business and had fund raising ...millions of $ have been raised . Delivery has been Uber slow .

[nico115] 02/10/2024 07:45

I agree with you especially as BOD keep investing . I don't know why I just have a hunch this BOD is too weak.I hope to be proven wrong .

[slicethepie] 01/10/2024 17:13

Nico, surely the lack of progress down to the industry and govts, Pfas is an extremely expensive problem to solve so everyone is playing for time but this cannot be ignored. I share your concerns re bod but am positive firstly with their first attempt at attracting new shareholders which is beyond the skill set of cannacord and secondly with the pfas chap who presented.

[nico115] 01/10/2024 15:36

I have mixed feeling tbh.We've raised so much money via asset sales and fund raises yet where's the progress ?Maybe on the cusp but I would rather sell out to a bigger player for $20m-$25m = 100p.Not sure the BOD is strong enough.Such a shame as I had great hopes here of a 10 bagger .

[fft] 01/10/2024 14:42

I get the feeling that this company is very close to the tipping point. EPA regs and oil issues coming in are a game changer.It was a good analogy to mention that the equipment sales / media sales are the same as razors and razor blades.And now having reference sites out there for EOR makes it way easier to sell to other companies .Unfortunately technical issues cropping up :-(

[fft] 01/10/2024 14:28

Yes. But the presentation on PFAS by ?? is great. Nicely relaxed but loads of information and examples. Well worth looking at.Back to Connie for EOR.

[nico115] 01/10/2024 14:07

Watching !Cfo looks nervous !

[fft] 01/10/2024 14:07

Currently on Investor meets company.

[nico115] 24/9/2024 13:02

Shocked we are in the 30s again .I'm not selling

[bhoddhisattva] 23/9/2024 17:56

I disagree - projects, especially in countries like Nigeria, often slip up for no fault of supplier or contractor.

At least they’re sufficiently on top of it to know about it and honest enough to post early about it. Better now than in January when we’re expecting better news.

The revenue is merely delayed for recognition, it’s still being received as I read it.

[wisecat2] 23/9/2024 14:27

Connie must go. Could run a bath

[hornets89] 23/9/2024 14:08

The news this morning was a complete nothing-burger in my opinion (other than making this year's numbers look worse and next year's better).

But clearly someone (or multiple people) have capitulated and are selling out in chunks into what we know is thin liquidity.

Good chance for someone to buy in 20% lower than Octopus added recently... It's a longer term kinda binary bet though. It either works out big or it doesn't

[fft] 23/9/2024 13:44

Given the fund raise at 51p only a few weeks ago, in which octopus did the majority of the lifting, I wonder what their plans are. It could be an ideal opportunity to change management as they can't buy any more without having to make an offer for the whole company.Disappointed again :-(

[hornets89] 23/8/2024 07:55

So a fairly constrained £0.7m placing, they say to meet the demand for new trials which can only be a good thing.

"To expedite market penetration in its core markets, the proceeds of the Fundraising are intended to be used to build equipment to accommodate the ongoing demand for PFAS trials, hire additional personnel to further commercialise MYCELX's PFAS solution in the US as well as build trial equipment and add engineering capability to address the increased inquiry for systems that deploy REGEN media in the EOR market. The Directors anticipate that these initiatives will, expedite participation in a greater number of trials that will accelerate contract wins."

Looks like it was mostly snaffled by Octopus? Who take their ownership to 27.4%.

Feels poised here, just need to see some of these trials turn into contracts and we should be off to the races.

[nico115] 19/7/2024 17:27

Haha I've already done that once ! At 30p

[hornets89] 19/7/2024 13:39

You're gonna have to get your chequebook out Nic and take them off their hands!

[nico115] 19/7/2024 13:02

Shame Artemis selling 1m shares probably !

[bhoddhisattva] 19/7/2024 11:54

Anyone know reason for 12% increase today?

Found it … didn’t come through my RNS feed but is on web site

hxxps://mycelx.com/News/july-19-2024-partnership-enables-mycelx-to-work-on-us-department-of-defense-pfas-projects/

PS quite why some trolls from other boards bother to follow me and vote post down just shows how obsessed, malignant and stupid they are!