Mycelx Technologies Share Discussion Threads

[nico115] 17/3/2021 15:30

Haha if a little crazy !! Lol

[someuwin] 17/3/2021 15:22

I can confirm that Nicholas Slater is a very shrewd investor!

[nico115] 17/3/2021 15:19

Looks like he bought a decent stake in spsy at 20p so let's hope this goes the same way : )Let's not forget that Connie bought 450k Pre covid at 55p and with 80pct of mkt cap in cash and costs reduced it won't take a lot for us to double quickly.

[solooiler] 17/3/2021 15:01

Nicholas slater has picked up 5%. Not sure who they are but they are smart enough to see a blinding bargain. Target 100p this year IMHO

[jungmana] 17/3/2021 09:02

Thanks for the reply. Busy on the day job but will try speak to them later

[solooiler] 17/3/2021 08:56

You should not have to as w8ben is only for favourable tax rate on dividends if mycelx ever declares any. If you dont fill that form you should still be able to buy because of the london listing but just get taxed more highly on any dividends but thats not really a problem here. Speak to them and they should help resolve. For hargreaves lansdown it takes 5 minutes to fill out a w8 ben

[jungmana] 17/3/2021 08:39

Morning folks. Been trying to buy this in my eqi account but for whatever reason is saying I have to fill w-8ben form. Same thing comes up on ig. Is this the case with any of you? Being London listed I think there is no need to fill that form?

[tim000] 17/3/2021 07:03

O/T I hope people here won’t mind be tipping a share, I do so with the best possible motive - to help people here become rich! You have about three weeks to research the share before its price is going to change. If you can buy Australian shares in your accounts, I urge you to take a look at RLT.ASX and the investors behind it. It should give you an adrenaline rush. I have a large position in it, now completed. DYOR etc!

[nico115] 16/3/2021 14:25

And the seller is closing down his fund so not selling cos doesn't like !!

[solooiler] 16/3/2021 14:01

Net asset value is $20m by itself when you add the cash above bv from duluth. Im not joking when I say net asset value is 74 pence per share. 50% discount to net assets

No point worrying about clean technology potential here until we rise our head above the liquidation value parapet!!

[someuwin] 16/3/2021 13:41

Fantastic recovery play on existing business in the O&G industry. But the blue sky potential for their patented MYCELX polymer is vast. Water purification being just one aspect.

[nico115] 16/3/2021 13:40

Hopefully I've cleared out this persistent seller Looks like they are closing the fund down so a forced seller which makes this share more of a buy Mad price Hey ho

[solooiler] 16/3/2021 13:38

Imo fair value here has to be 2x sales net of the cash pile and that I think is nigh enough on a 20 million value vs 6 million

[tim000] 16/3/2021 13:36

Yes indeed.

[nico115] 16/3/2021 13:25

I've just bought some Shame had to pay 30p as thought would get cheaper Cash of 4.3m pounds vs mkt cap of 6m pds seems crazily cheap !!

[tim000] 16/3/2021 11:55

Artemis will stop selling eventually. In the meantime, an opportunity to fill one’s boots. I’m up to 150k shares, and will buy more when funds allow.

[solooiler] 16/3/2021 08:54

I dipped my toe in last week after i commented here i was impressed by the property disposal. we have a huge wad of cash once this goes through. This is dirt cheap for a clean energy play that is finally moving from just being oil to other areas with the excellent technology they have. If they pull this off then this will head back over 100p and more. Ceo owns a wad of stock too !

[belfry17] 15/3/2021 10:49

Yeah, another value investor. It has been a lonely few months. There was a strange pump a couple of months back but they seem to have disappeared now.

[playful] 15/3/2021 10:00

Good to see you join us Arthur!

[oldtimer169] 15/3/2021 09:34

Plus they are entering new markets as they await further recovery in the US.Once the seller is cleared out I expect them to move up strongly DYOR

[arthur_lame_stocks] 15/3/2021 08:52

I bought a few of these as a punt on recovery. In 2018 they turned over $27m and made a profit of $3m. The balance sheet is rock solid and they have the cash to see them through another couple of tough years.

[tim000] 03/3/2021 11:39

Agree, Belfry. I like contrarian investing, and the O&G industry; the idea that we can prosper as a society without fossil fuels is mad imho. The oil price has plenty of upside from here in the medium term, and the sky’s the limit for MYX.

[belfry17] 03/3/2021 11:29

Hi TimI see fair value as a lot higher than the current price. I am not sure whether the majority of people don't have the patience or if Artemis are selling a little more, but it hasn't happened yet obviously. All the concerns I had have recently been removed so I am happy to sit on it and let it do its thing. There are some really positive stories about oil prices at the moment which would reflect well on our revenue.

[tim000] 03/3/2021 11:12

Buying again today, now 113k shares @ 44p average! Highest price I paid was 10x the lowest! Not sure what fair value is at the moment but it’s nearer my average than the current mkt price, that’s for sure.

[oldtimer169] 02/3/2021 08:24

Agreed-this has RECOVERY written all over it.DYOR