Mycelx Technologies Share Discussion Threads

[drdre] 14/10/2021 11:45

PFAS is the gamechanger here - if they can get a foothold in the States - if.

[daz] 14/10/2021 11:40

Yes good point as they certainly do but they do also say they are 'actively involved in bidding activity globally' ... 'and will update the market further on material contract awards and extensions as appropriate'
I'd hope they have been slightly cautious and revenues will be more than 20% higher than 2020 but the key will probably be how fast they can grow PFAS remediation revenues.

[pugugly] 14/10/2021 07:45

OK They have got a new contract but (imo) forecast revenue not nearly enough to make much of a dent in their EBITDA losses - Remember having sold their building they will now have to pay rent.

"Normalized EBITDA excluding the sale of building in Duluth, Georgia was negative $1.3 million."

[pugugly] 04/10/2021 18:30

Belfry17 - No current target - Picked up interview on IMC as a very ESG area and then when going back to my database realised I had first looked at the company back in 2014 - Hence comment above - Market cap only £7.5m So as I said above something very peculiar- If technology was any good and in demand It could have been snapped up in its entirety for small change by any ESG fund - The fact that it has not been tells me to do VERY VERY deep DD before taking any positive investing decision - Also as very illiquid - once in difficult to get out.

Connie Mixon has been the CEO the whole time

[belfry17] 04/10/2021 15:24

Just out of interest, pugly, what is your target price. The revenue is obviously way off where we want, and Connie says the same in the investor talk which was done last week. The company's price is here because it is on a poor run of revenue, but the balance sheet is excellent so that really de risks it. If it wasn't for the balance sheet being so good, we would be back at 20p or around there.

[pugugly] 04/10/2021 14:48

Something appears very wrong with either technology or execution or managment or investor attitude to the company or a mix of these factors - share price about the same level as 5 years ago -
Spiked to over 250p and fallen back.

Any knowledge as to why?

[someuwin] 04/10/2021 14:36

Huge oil spill in California...

"California oil spill is 'environmental catastrophe', Huntington Beach mayor says, as emergency clean-up under way..."



Ideal job for Mycelx oil spill remediation solutions...

[someuwin] 29/9/2021 15:18

Only caught the last bit of the presentation. Will have to wait for the recording to watch the rest.

Did manage to capture this slide though. Which shows the huge size of the PFAS opportunity...

[someuwin] 29/9/2021 14:48

Presentation live now on investor meet company

[slicethepie] 29/9/2021 09:03

This sale removes a concern I had over working cap as they should now be able to fund any chunky work without recourse to shareholders or expensive debt

[someuwin] 29/9/2021 08:37

"PFAS, or per- and polyfluoroalkyl substances, are thousands of chemicals belonging to a single chemical class. PFOA, PFOS, and GenX are PFAS that have become notorious drinking water contaminants as a result of industrial releases and use of firefighting foam. But PFAS may also be used in a wide range of products, from food packaging to stain-resistant furniture, and our exposure comes from multiple sources and routes.

With their remarkable persistence and mobility—they are not known to break down in the environment and they move through soil to drinking water—PFAS have become global pollutants that threaten the health of people and wildlife. Because of this, many scientists refer to them as “forever chemicals.”

[someuwin] 29/9/2021 08:28

This move into PFAS is a potential company maker for MYX imo!

"...In the US and Australia, the Company is actively pursuing the PFAS remediation market, a rapidly growing multi-billion dollar global sector."

"...In the US and Australia, the Company is actively pursuing the PFAS remediation market, a rapidly growing multi-billion dollar global sector. Recent validation and capacity upgrade at an Australian Defence location and at a global oil Company's site are evidence of our technology's increasing adoption in the PFAS market. MYCELX expects to commence trials in the US in the coming weeks leveraging its successful track record of PFAS water treatment in Australia since 2014. PFAS remediation is expected to become an increasingly important market for the business with respect to the scale of the human health and environmental crisis attributed to decades of use of PFAS in everyday products. PFAS remediation is another sector where MYCELX is delivering innovative technology to tackle one of the most serious environmental challenges."

[kinbasket] 29/9/2021 08:25

True the sale of the building flatters the EDITDA but the turnaround story is still there. The sale is why there is a $5.5m in cash. Revenue is up, contract renewals in the bag, and new business tendering is up. Still a long way to go but they have a decent lump of cash to tide them over until profitability or, more likely IMHO, a trade sale.

This feels a like a company/technology that needs to sit within a bigger and more well funded group. It's pocket changer to a Haliburton or Schlumberger and they have the clout to really make it work.

[pugugly] 29/9/2021 08:15

Results flattered by asset sale VERY VERY bright flag light (imo)
"normalized EBITDA excluding sale of building negative $1.3 million "

[belfry17] 29/9/2021 08:10

Very pleased with that update. I was expecting bad news before the turnaround but now at least we have a good base, expected increasing revenues and a whole new area to move into with a very strong balance sheet.

[someuwin] 29/9/2021 08:06

Great results. Looks ridiculously cheap now.

[copandrobber] 29/9/2021 07:53

Solid!! At £7m mar cap, this is v cheap, especially with $5.5m in cash and a strong order book!

[tim000] 29/9/2021 07:26

Good update

[latifs100] 23/9/2021 18:11

is this suspended till results day?

[belfry17] 04/8/2021 13:44

Ok. Thanks for confirming

[kinbasket] 04/8/2021 13:28

The estimates on Stocko were a fat finger. They've been removed and they don't have any others.

[nico115] 04/8/2021 09:05

Yes good to see her have skin in the game Although with a 80pct fall in our share price I would like to see other directors buy

[oldtimer169] 04/8/2021 08:57

Directors have plenty of skin in the game-particularly Connie Mixon, the CEO.Her last buy was @55p per share.