Mycelx Technologies Share Discussion Threads

[pugugly] 21/9/2023 21:28

Nice rise today - Possibly triggered by an interesting write=up in Stockopedia. Need to subscribe however but certainly worth it today.

[nico115] 21/9/2023 11:39

Only 22m shares in issue so we aren't even a mkt cap of 20m pounds Crazy I know

[volsung] 21/9/2023 08:23

Worth a punt

[nico115] 20/9/2023 11:09

Just google PfasWe have good technology Surely a no brainer for a major to just buy the whole company ?Wishful thinking but can't put numbers on the pfas opps and all for mkt cap of 15m pds !!

[concentrate] 20/9/2023 11:05

Sorry for my ignorance, but please could someone explain what happened?

Is it simply the case of no liquidity?

The results were OK, mildly bullish on PFAS, but providing no real context to how the trials are actually progressing or the potential pipeline.

Still concerns on cash runway.

I'm a bit lost.

As we're outside the closed period, maybe some insider buying, but the amounts are tiny for a 30% rise.

[nico115] 20/9/2023 10:53

9k at 59p ..wow 4p outside That's why you can only buy when stocks drift on small volume .Buying on blue is a fools game .

[fft] 20/9/2023 10:39

Probably depends on what the money is needed for. Seems like so far, that PFAS is fairly cash neutral, and if other projects don't need a lot of cash up front, the company should be ok. The 'nice' problem might be if substantial orders all arrive at once and either bridging finance or equity is needed to fund that. However, I would expect someone to take a large stake or buy out MYX in that case (3M ? Dupont ? Schlumberger ?)

[nico115] 20/9/2023 10:29

If no raise is needed(my view but maybe wrong!) I think we may get to a mkt cap of £50m ..just far too cheap .Let's see !!

[slicethepie] 20/9/2023 09:00

And 1.7m receivables

[slicethepie] 20/9/2023 08:59

Cash was 1.7 at year end and now 1.4 but they are sitting on 3.8 of inventory.

[nico115] 20/9/2023 08:31

Has cash not risen of late ?Will double check I think we will be ok but yes balance sheet should be stronger really .I'm sure we will win contracts now that will being in decent revenues.

[pugugly] 20/9/2023 08:22

Probably need to raise more funds - At current burn rate looks like runway could be less than a year

[drdre] 20/9/2023 08:11

Have been in and out here. My only concern is cash - the potential is huge but do they have enough runway to get them to profitability?

[nico115] 20/9/2023 08:07

If this management gets it right this is a 5 bagger .Pfas is obviously huge .Let's hope we capitalise on the opp

[thedickster] 20/9/2023 08:04

Great movie!

[fft] 20/9/2023 07:43

To get a good idea to the problem and size of the PFAS market, take a look at the movie "Dark Waters" (2019). Cracking legal thriller.It is currently on netflix and elsewhere.3M alone has settled for over $10 billion to clean up PFAS. The problem is not confined to 3M or the USA.

[fft] 20/9/2023 07:21

Very confident outlook statement  "The momentum shown in the first half from each of our three core markets has been maintained into the current period and we are confident that this will continue for the forseeable future. The PFAS remediation market is large and will continue for years to come. Regulations continue to get more stringent, and more sites will be identified over time. In the short and medium term our goal is to both win new contracts and to acquire solid data through trials with significant longevity, building relationships with strategic partners and direct customers that will accelerate uptake of our PFAS solution. The EOR oil producers we have targeted are upgrading and expanding their fields and, with the widening scope of Environmental, Social and Governance ('ESG') requirements, are looking for water treatment solutions that provide cleaner production and use less water, which is solved with our technology. We have made significant inroads with the adoption of our REGEN product and look to leverage strategic partners to scale faster. In the downstream market we continue to successfully focus on lower risk, better margin projects as we grow our application and installation base. With the oil price in the range that is widely forecasted we expect the oil and gas market to continue to be robust and seek the best technology that provides elevated performance and addresses the environmental goals of the customer. We will continue to grow our current customer and application base where bidding contracts will be active. Collaborating with strategic partners remains an important part of our path to market and we will continue to vigorously pursue the best partnerships. Overall, the Company is rigorously focused on growing our revenue base, on maintaining a strict control over expenditure and maximising shareholder returns. We believe we have a company that is at the forefront of an ever-growing ESG compliant market with technology that is market leading as proven by our list of blue-chip customers.""

[someuwin] 20/9/2023 07:19

Lots of positives in those results.

Heading in the right direction. The big contracts get ever closer - hopefully!

[fft] 18/9/2023 11:52

Very quiet on here this last month.In 2022 there was a trading update mid month and the 6 month (interims) were issued towards the end of September. I suspect we have passed the time for a trading update, but hopefully we get the 6 month figures next week.

[nico115] 10/8/2023 15:47

Big bids on rsp bodes wellI sold 5pct of my holding and running balance as this could hit 2 quid Got a nice round number now

[slicethepie] 09/8/2023 22:47

Keep up at the back old chap that was a month ago !

[oldtimer169] 09/8/2023 15:58

Octopus has a decent holding and has been adding of late

[someuwin] 08/8/2023 13:22

Hopefully get an update soon on how the various PFAS remediation trials are going. Along with progress on strategic partnerships. MYX do seem to have one of the best (and most cost effective) solutions for this multi-billion $ global environmental issue.

[someuwin] 26/7/2023 14:32

Max buy quote only £4k now.

[nico115] 20/7/2023 14:34

Not me as I have a decent position There was buyer around Good to see : )