Mycelx Technologies Share Discussion Threads

[someuwin] 13/9/2018 09:56

New board created for this highly exciting stock.

[someuwin] 13/9/2018 09:55

* Interview with MYCELX CEO on VOX Markets. Section starts at 30:50.

* Co founded by visionary oil executive, John Mansfield, Sr. (founder of Mansfield Energy Corp ($8bn top 50 US private company)

* Patented, differentiated and proven tech.

* Locations: Saudi Arabia, Nigeria, USA, Canada, Australia etc.

* Selling to: Saudi Basic Industries Corporation (SABIC), Anadarko Petroleum Corporation, ENKA Power Systems BV and Bechtel, Chevron, BP Plus other Major refineries and O&G companies.

* Marketing & Distribution agreement with Schlumberger (the largest oilfield services company in the world)

[someuwin] 12/9/2018 09:58

107% increase in Revenue.

(Revenue from consumable filtration media and service increased 228% to $9.5 million)

Net Profit of $1.5 million (for six months so easily $3m - $4+m for full year?

$5.5 million of cash and cash equivalents

Expanding worldwide.

strategic partnerships

Working with Schlumberger's global sales and marketing teams.

[drsous] 12/9/2018 09:49

Agree but difficult to buy in any volume

[someuwin] 12/9/2018 09:24

This looks hugely impressive.

[thomasthetank1] 12/7/2018 14:06

Interview with Connie Mixon, CEO of Mycelx, on VOX Markets today.

Link below:

hxxps://www.voxmarkets.co.uk/blogs/asiamet-resources-ars-mycelx-technologies-corporation-myx-barney-gray-uog/

[happyholder123] 09/9/2017 11:51

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[pugugly] 14/12/2015 12:30

Institutions appear to be changing deck chairs on the Titanic or a Vulture picking up a pre vulture swoop -

Odds on which ?

See some poor PI ? was stuffed for a 50K+ sale at 1p - (No comment)

[pugugly] 14/12/2015 09:40

See Paul Scott today - Too illiquid - spread too wide -

[pugugly] 11/12/2015 11:40

Down 46% today - no rns - just a premium news story - Does this not break the regulations for an AIM listed company ?

[bad robot] 24/7/2015 09:52

racing to 0p?

[bustedflush2] 22/7/2015 21:16

BUST soon.

[pugugly] 22/7/2015 10:03

Diabolical -

If any value remains might find some one with cash to do a Remington at the current market cap (assuming ADVFN figures are correct) but suspect the word bargepole could be more appropriate.

[stewy_18] 22/7/2015 09:14

Why buy this at all? It is clear the product is a nice to have. Management cannot be trusted. Sure fire way to lose money. Cash burn is really high. Constant placings looming IMO.

[salpara111] 22/7/2015 08:45

To think that I was looking to buy this at one point when the share price was over £3!
There is undoubtedly a decent product here but until there is a turnaround in their core market they are screwed.
This mornings drop suggests they will have to raise new funds to stay afloat.

[pugugly] 16/1/2015 09:25

Profit warning going forward and increased losses this year

The Company now expects to report full year revenue of $13.6 million for FY2014. This reduction in revenue results in a pre-tax loss of $5.7 million and an EBITDA of negative $4.2 million.

One very much to avoid (imo)

Thanks for all above who cautioned and stopped me from taking a gamble - I am always very wary of Coys that will not talk -

Even when they do talk you have to read between the lines and ask "Hard Talk" question to get a handle on their transparency.

Will keep on watch list BUT take no action at this stage.

[stewy_18] 16/1/2015 09:17

And another profit warning. To be fair, oil service companies probably not the best place for your money at the moment, but it seems like MYX is a luxury product to oil companys and water filtering projects can be cut as discretionary spending. I saw it as a money saving necessity. Certainly not the case. Seems that no one really cares if they can filter water to a higher level. Would be interesting to how the competition is fairing, but as I am no longer invested, it is not that relevant to me.

A useful eye opener regarding foreign AIM companies. A lesson learnt for me here. The risk reward was not great at 500 pence. Way too much risk. Not sure if it is worth a punt at these levels as we can't be sure there won't be another profit warning later down the road.

I'll watch from the sidelines, probably indefinately :)
Best
Stuart

[salpara111] 10/12/2014 08:36

Clearly the risk/reward dynamic has changed radically here in the last 3 months
I always have a problem paying a high price to get involved in what are supposed to be fast growing small companies as it does not take much to derail them and then the share price crashes by 50% rather than the 5-10% that a big diversified company would drop.
If you had made a portfolio of AIM stocks over the last 5 years you would actually be underwater while the main indicies are well up.
I only have two aim stocks and both of them have given me heavy losses this year, I really don't know why I still try with aim stocks!

[stewy_18] 02/12/2014 10:12

Placing today as expected. I've exited at a heavy loss. It was a great story when growing at 300% per half. Not sure it will maintain growth going forward. Not sure how depressed oil price will affect sales. Not sure it has a strong competitive moat and believe the competition may have caught up. Good luck if you are still holding.

[salpara111] 28/11/2014 13:00

Well, non essential capex in the oil industry is going to disappear like snow off a ditch in the next 6 months.
Given that they have alluded to the fact that they will need to raise finance there is no point in getting on board yet.

[pugugly] 28/11/2014 09:05

stewy_18:> I have been trying to locate a brokers note but none seem to be available.

To me contract delays may only be delayed further as a result of the OPEC decision not to restrict production and the current fall in oil prices - some predicting as low as $60 next year. As a result massive reduction in capital expenditure which is likely (imo) to affect Mycelex.

I am also starting to have concerns about the cost effectiveness of the technology -v- competitive offerings.

My investigations to date suggest to me (but dyor all cautions etc) that while technical performance appears excellent it may only be a must have product in niche areas where water re-cycling is desireable/cost effective/mandatory. This is however based on looking at the publicised contracts gained to date.

I seem to remember it as you that said the coy would not talk to PI's ? Have you had any luck getting through ??


EDITED:. AT 10:10. Merrill Lynch now calling WTI as low as $ 50 per barrel in the coming months.

[stewy_18] 20/11/2014 08:41

Pugugly,

I was a bit spooked by the last trading statement when they sais they faced stiff competition for contract wins. Thats a first for me because I thought they had a moat on their technology. It seems there are others that can remove particles from the water but not to the same purity as MYX. The order pipeline still looks ok, what they haven't done very well is set over optimistic targets to get a premium rating and they are now paying the price.

I think it is too early to write this off just yet. They have done $16 million and have another $20 million in the pipe. But they need funding.

I would be interested to see the updated brokers note if anyone has it.

Best

Stuart

[pugugly] 19/11/2014 13:25

Not very clever of the House broker but I have found Numis usually tend to look on the bright side.

The REAL QUESTION however given the delays to the contracts is "IS THE TCHNOLOGY AS GOOD AND AS COST EFFECTIVE AS CLAIMED ??"

Has anyone any views on this ?

Has been on my watch list since the fall after the interim results but unless and until I can see real field evidence that the technologies meets all its claims it is going to stay there.

Almost performing like NGR Nature Group- Lots of unfulfilled promises.

If another NGR still a lot further to fall PLUS as other posters have suggested further equity funding may be needed.

Potential upside due to Regulatory requirements - Potential downside significant cut back by oilers of capital expenditure.

[salpara111] 19/11/2014 08:35

I looked at these about 6 months ago but could not bring myself to invest given the rather high market cap Vs revenue.
Clearly now is not the time to be investing given the prospect of a dilutive fund raising but I do like the business so I am going to keep them on my monitor for the next 6 months and see how things pan out.