Mycelx Technologies Share Discussion Threads

[slicethepie] 31/1/2024 16:36

It is the outcome of the current pfas trials they are in that is the game changer, if they can show they can completely remove pfas and be cheaper then this will be the chosen technology and they will licence this to the big advisers. They have a strong patent library and of course evidential experience in Australia. I am not sure any additional funding would help their case.All imo dyor

[fft] 30/1/2024 18:45

I agree. I think they are spread too thinly given the markets they are in. A strategic investor like SLB would be huge (though I suspect a complete takeover would be more likely).I would be happy for them, for example, to give up the oil side in order to throw more resources at the PFAS side - which is multi billion and worldwide. A small number of contracts have been awarded in the last few the USA for this, but so far MYX arent winning them. But the USA EPA site shows hundreds if not 1000's of contracts that will come up. It just takes a few years to process them. There has been a year end TU in recent years. But this has been in January, February or March (!) so impossible to predict.

[kinbasket] 24/1/2024 16:24

I would imagine investors (what few investors there are left in small cap UK) are concerned about cash. They had $1.4m at the half year in June 23. Things must be a bit tight and a fundraise seems inevitable.

It's what's keeping me on the sidelines at the moment despite the obvious regulatory tailwind for their technology.

[slicethepie] 24/1/2024 14:39

They announced one 6 weeks ago ! Clearly they need to tell their story more widely to potential investors. Most investors would not believe the opportunity they are sitting on and the legislative wind that is blowing in their favour. Their patent portfolio is very impressive and researching into this area would show little competition.All imo dyor

[someuwin] 24/1/2024 13:57

They need to announce new contracts. The silence is deafening.

[wisecat2] 24/1/2024 13:51

Anyone got any ideas why the share price weakness please

[someuwin] 14/12/2023 15:34

The longer the trials, the bigger the eventual contacts.

"The Company is making progress in the PFAS market continuing with a landfill leachate trial in coordination with a global engineering and consulting company and a series of drinking water trials with a global water treatment company."

[someuwin] 12/12/2023 08:58

Something brewing here methinks.

[slicethepie] 02/12/2023 06:58

Article today in the guardian ...Forever chemical' in English tap water samples carcinogenic, WHO rulesExclusive: Move to categorise PFOA as linked to cancer in humans by World Health Organization ups pressure on UK government

[seagreen] 08/11/2023 11:16

Patience will be rewarded....very exciting opportunity for 2024

[slicethepie] 20/10/2023 11:35

Our misleading poster has clearly scared a few investors !

[fft] 20/10/2023 02:01

Not sure where you see competition in the BBC article.What it is saying is that the harmful effects of PFAS are now better known and more stringent testing and eradication is required. Which should be very good news for MYCELX

[pugugly] 19/10/2023 21:07

Possible future competition to the MYCELX® PFAS Treatment System or opportunities
The science 'has changed'

[nico115] 08/10/2023 17:37

22m shares in issue ...only

[seagreen] 06/10/2023 15:17

Long a smidge for the ISA need to do some homework but seems fairly exciting if they carry on in this direction of progress towards profitability hopefully...

[pugugly] 28/9/2023 14:05

Down again - Down 9% - ?? Short term profit taking?

[alter ego] 27/9/2023 21:03

Sorry Paul, I didn’t see it either.

[paulypilot] 27/9/2023 17:04

Thanks alter ego. I missed that part of Mello today. What/Who was said about MyCelx please?

[alter ego] 27/9/2023 15:49

might be some extra interest tomorrow. Mello (organised by Carmensfella aka, David Stredder)ran an event today looking at recent results and MYX was one company featured

[thedickster] 27/9/2023 15:08

Topped up for the nth time at 62 today. The upside is huge, if you have the patience.

[someuwin] 27/9/2023 14:59

All these locations, and many more in the US (let alone the rest of the world) will need some form of PFAS drinking water treatment. MYX seems to offer the best small footprint, cost effective solutions.

[fft] 27/9/2023 14:45

The time magazine link ishttps://time.com/6292482/legal-liability-pfas-chemicals-lawsuit/

[fft] 27/9/2023 14:43

After seeing the attack on Paul below, I thought I should post the post I made on stockopaedia. Whilst the companies financials look nothing special, it is what they are trying to solve that *could* make this company a multibagger. The issue is PFAS/PFOS which is used in teflon and a load of other products.As Time magazine put it, this could cost more for the companies involved than the cigarette settlements of a few years ago. North of $200bn. https://time.com/6292482/legal...The best way to understand the PFAS issue and the potential it brings to MYX is to watch the film "Dark Waters" (2019). Big budget legal movie (in the same manner as Erin Brockovich) about tracking down and going after Dupont. Quite scary. Especially how Du Pont knew back in 1962 it would cause birth defects and cancers after testing on their own staff. As the end of the film makes clear this isn't just a USA issue. This product has been made and used all over the world. The film is currently available on Netflix.The film is about Du Pont (who came to a $1.2bn cleanup settlement), but the really big fish is 3M, who, have just come to a $10bn settlement to clean up PFOS.The relevance to Mycelx is that it has started paid trials for filtering PFAS/PFOS in the USA and clearing up existing leaching from landfills. The trials seem to show MYX tech works.Once the trials are complete and data analysed I would not be surprised if Dupont or 3M or others just buy MYX.I had heard about MYX before, but it was only when, by chance, I watched the film one night that I was both horrified and then saw the opportunity that MYX had. I knew nothing about PFOS/PFAS before and couldn't believe it.The main issue with MYX is cash burn. Cash is tight and inventory that can be sold is limited. Can they scale up without a raise ? Or maybe a partner comes in with a strategic stake and cash injection or they just get taken out.My current thought is that once the trials are complete and data analysed I would not be surprised if Dupont or 3M or others just buy MYX. The water treatment side for the oil industry being used in the middle East is also potentially huge. The latest project enables processed waste water to be used directly in irrigation systems. Would Sclumberger be interested in that ?