Mycelx Technologies Share Discussion Threads

[playful] 02/3/2021 07:20

Not too bad at all...

The Company continues to benefit from being in a financially robust position, following the cost reduction measures implemented in 2020 and the sale of the building in Duluth, and we look forward to keeping our stakeholders updated on our business progress over the coming months."

[tim000] 02/3/2021 07:08

Positive update!

[belfry17] 20/2/2021 16:26

Hopefully the current price (and certainly 22p-28p) will seem very cheap soon. It seems a bit steadier now (I hope) so fingers crossed we see a steady return to its much higher prices seen in recent years.

[solooiler] 20/2/2021 16:13

very interesting property disposal. well done people who bought tihs on nav

[kinbasket] 18/2/2021 10:22

Surprised by the lack of response here so added a few. Must be an obvious takeover target with all that cash. Any IP is pretty much in for free.

[tim000] 18/2/2021 08:08

Indeed, when IIs sell down it provides a rare opportunity for retail investors to take sizeable positions in illiquid stocks. I invest substantially in the ASX, in the belief that the forthcoming commodities super cycle will inflate the value of micro cap Aussie stocks. In Aus they’re very keen on issuing vast numbers of warrants whenever there is a capital raising. That likewise presents the same opportunities for retail investors when the warrants are exercised and sold on the market.

[belfry17] 18/2/2021 07:54

Agreed tim - we should see a nice turnaround here. Artemis selling as delayed it a bit but I don't see that as a problem.

[tim000] 18/2/2021 07:30

I sold out of MYX at a significant loss once the share price collapsed, but it’s clear the correction was overdone and the business is now trading at a substantial discount to book value, as reflected in today’s news. So I’ve been buying aggressively in the last week. The IP of the business has tremendous potential value imho, and hopefully it can be utilised in other applications beyond O&G, as the company has announced. With a following wind, this could be a remarkable recovery story.

[belfry17] 15/2/2021 14:05

Not a problem at all unless you want to put in £50,000 or something in one go. There have been loads of trades £1,000-£5,000 over recent weeks so is fine unless you want it all in and all out in one go. There are way worse shares here in terms of spreads and liquidity.

[knowing] 15/2/2021 13:51

Don't see why that is a problem. MAI is similar and has risen over 100%.

[supernumerary] 15/2/2021 13:45

The problem here has always been the liquidity. With less than 20M shares in circulation and over 60% of them 'not in public hands' it's hard to build a meaningful stake and would be painful trying to sell it later.

One for the very brave only.

[playful] 15/2/2021 13:08

Up up and away we go!

[oldtimer169] 15/2/2021 09:36

Credibility in the market says that won't happen.DYOR

[solooiler] 14/2/2021 20:23

risk here is that the directors just decide the listing isnt worthwhile and delist it. US company so maybe higher odds of that than normal?

[playful] 14/2/2021 19:35

Excellent research into this tiddler…

[thefartingcommie] 12/2/2021 11:29

yup.....back in here...their IP remains excellent...cld be interesting times.

[oldtimer169] 12/2/2021 10:58

Interesting indeed-I wasn't aware of Mr Flood but he talks my kind of language.On this particular company I would add that I sold out for a decent profit before the major downturn in the share price but I am back in for a potentially huge upside.
Google MYCELX and see that they are entering new products and markets no doubt with the intention of providing an under-pinning cashflow to the larger lumpy contracts.DYOR

[someuwin] 12/2/2021 10:30

Interesting.

[playful] 12/2/2021 10:24

We can thank Mr Flood...

[oldtimer169] 12/2/2021 08:34

Snooze you lose...2nd day of close to double digit %age gains.Worth noting that 2 directors were buying at DOUBLE the current share price.Any positive contract news and the share price will rocket.The strengthening oil price can only help matters.DYOR

[discojames] 06/1/2021 00:26

You don't, but it's a distinct possibility and usually the case. 90% of the time it's best to go with them and wait for the rebound when they're done!

[knowing] 05/1/2021 15:44

How does anyone know that they are going to sell their entire holding?

[sbb1x] 04/1/2021 21:38

Still holding 14.76% blimey. Might be selling for a while

[discojames] 04/1/2021 09:43

Artemis selling down with a significant amount left to go?

[oldtimer169] 30/12/2020 15:05

Substantial trading volume for a change.DYOR