George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Viera, not so much the number of shares in issue but
1. the low cap vs the potential opportunity of high margin recurring revenue
2. Shares held relatively tightly but long term holders
Am
Depends on any potential deal, and how investors can see the follow through over a 2-3 year period
With only 22m shares in issue ,of and when we win a PFAS contract this will fly
Will the 50p crack , if it does then it may move quickly , still no real volume but it is increasing on past few months ..good luck all
Nice gradual rise, even on these summer days with little volume.
Outside the base business, news on the first PFA order outside a trial should hopefully see a rerate. Nearly back to breakeven but this is a longer term hold rather than a trade.
Maybe octopus are still buying up their stake ..maybe another new contract win in the pipeline too…
Good news continues .
Can 50p be breached
Outstanding
Contracts plural. The cash impact of these contracts was the icing on the cake, great start to the year.
Nice to see myx on the leaderboard.
No placing required & new contract
Spliffingly
Outstanding
From last month's trading update, looks like they'll need another placing in the not too distant future, doubtful they'll raise at 50p again
At today`s 27p looks a very good value proposition.
Outstanding
Disappointing maybe ,
But the news on the PFA front is phenomenal .
The future looks
Outstanding
Article in times today, behind paywall, on pfas. Now becoming mainstream and higher priority as the damage being done is recognised.
Weak sterling has already seen a recent succession of North American predators snapping up British companies.
So I would fully expect this trend to continue.
And while it's the big companies that tend to attract the headlines, small companies of course get acquired too.
And the premiums paid can be even bigger than with big companies.
"RPS shares rocket 75% as Toronto-based engineering group WSP agrees £591m takeover of consultancy group
• The 206p per share deal represents a 76% premium on Monday's closing price
• Oxfordshire-based RPS Group was founded as an environmental consultancy
• WSP bought Wood Group's environmental consultancy in June for £1.5bn
By MIKE SHEEN FOR THIS IS MONEY
PUBLISHED: 12:21, 9 August 2022 | UPDATED: 12:21, 9 August 2022
Shares in consultancy firm RPS Group rose more than three-quarters on Tuesday after engineering group WSP Global revealed a £591.1million takeover deal.
The boards have agreed a cash deal for RPS at 206p per share, representing a 76 per cent premium on Monday's closing price of 117p and a 94 per cent premium on an volume-weighted, 90-day average price of 106p.
Under the terms of the deal, shareholders in RPS will still be entitled to any interim dividend for the six-month period to 30 June up to 0.45p per share.
Shares in consultancy firm RPS Group rose more than three-quarters on Tuesday after engineering group WSP Global revealed a £591.1million takeover deal.
The boards have agreed a cash deal for RPS at 206p per share, representing a 76 per cent premium on Monday's closing price of 117p and a 94 per cent premium on an volume-weighted, 90-day average price of 106p.
Under the terms of the deal, shareholders in RPS will still be entitled to any interim dividend for the six-month period to 30 June up to 0.45p per share. ...
Ken Lever, chairman of RPS, said: 'The RPS Directors believe that RPS has a clear strategy and is strongly positioned for the future, underpinned by favourable trends in its end markets and the benefits that are starting to flow from investments in RPS' talent programme, brand, marketing strategy and technology initiatives.
'However, this is a compelling offer from WSP which fully values the business and its future prospects. ...
'The RPS Directors also believe that the acquisition will provide career opportunities for our employees within the enlarged WSP Group as well as access to a comprehensive and expanded service offering for our clients.'
President and chief executive of WSP Global Alexandre J. L'Heureux added: 'Combining the capabilities of the RPS Group and the WSP Group is strategically compelling and will allow us to leverage our collective know-how and provide a broader range of complementary services to our clients while building a world-class ESG advisory business. '"
https://www.thisismoney.co.uk/money/markets/article-11095001/RPS-shares-rocket-WSP-agrees-591m-takeover-deal.html
"Larry Summers Warns Pound May Tumble Below $1 on ‘Naive’ UK Policies
By Chris Anstey
23 September 2022 at 14:13 BST Updated on 23 September 2022 at 16:05 BST
Former Treasury Secretary Lawrence Summers blasted the economic policies being adopted by newly installed UK Prime Minister Liz Truss, saying they’re creating the circumstances for the pound to sink past parity with the US dollar.
“It makes me very sorry to say, but I think the UK is behaving a bit like an emerging market turning itself into a submerging market,” Summers told Bloomberg Television’s “Wall Street Week” with David Westin. “Between Brexit, how far the Bank of England got behind the curve and now these fiscal policies, I think Britain will be remembered for having pursuing the worst macroeconomic policies of any major country in a long time.”
Truss’s government has set out the most radical package of tax cuts for the UK since 1972, reducing levies both on worker pay and companies in an effort to boost the long-term potential of the economy. Economists are concerned the package is unaffordable and will trigger a currency crisis over concerns about rising debt.
The pound on Friday slumped to its weakest since 1985, trading at $1.0908 as of 3:52 p.m. in London.
“It would not surprise me if the pound eventually gets below a dollar, if the current path is maintained,” said Summers, a Harvard University professor and paid contributor to Bloomberg Television. “This is simply not a moment for the kind of naïve, wishful thinking, supply-side economics that is being pursued in Britain.”
The former Treasury chief also flagged dangers with a surging dollar, which is adding to inflationary pressures for countries around the world and increasing pressure on overseas borrowers that have issued debt in the US currency. He also indicated that dollar appreciation -- fuelled by the Federal Reserve’s shift to a more aggressive path of interest-rate hikes -- may continue.
Dollar Pain
“This is going to be an issue that is going to be with us for some time,” Summers said. “Countries are going to have to be adjusting to a very strong US dollar,” and it will complicate macroeconomic management in may economies, he said. ..."
https://www.bloomberg.com/news/articles/2022-09-23/summers-warns-pound-may-tumble-past-1-on-naive-uk-policies
MYX reports its revenues in US$s, and the majority of its revenue is derived from the Middle East, Nigeria and the United States.
The strengthening US dollar, compared to sterling, is great news for MYX, in two ways:-
1. Sterling value of MYX's revenues is increased per dollar.
2. MYX becomes a cheaper takeover target for a US predator.
And the substantial business that MYX conducts in the US also increases the chance of a US takeover, in two ways:-
1. Brings MYX on the radar screens of more American peers.
2. Makes it more attractive to a US predator wishing to expand domestically.
"About the company
MYCELX Technologies Corporation is a clean water technology company. The Company provides water treatment solutions to the oil and gas, power, marine and heavy manufacturing sectors. Its geographical segments are the Middle East and the United States (U.S.). The Company's patented technology, MYCELX Polymer, uses molecular cohesion to remove oil from water, reaching critically low levels for discharge or reuse. The polymer permanently removes oil from water upon contact preventing the reentry of oil into the water stream. The Company's MYCELX Technologies include MYCELX REGEN, MYCELX Polisher, MYCELX Coalescer, PFAS Remediation System, Air Filtration, Oil Spill Solutions, MERSEP Elements, Testing and Validation Lab, and Engineered Process System. Its applications include upstream oil and gas, downstream oil and gas, environmental remediation, oily mist air filtration, and industrial water."
"Peer analysis
Company Revenue (TTM) Net income (TTM) Market cap Employees ..."
https://markets.ft.com/data/equities/tearsheet/profile?s=MYX:LSE
The above peer analysis lists 12 companies, including MYX.
(It incorrectly shows MYX's market cap. as £11.25M., when it is actually £9.08M. at 39.5p.)
Only two companies in the list are shown as having a lower market cap. than MYX, and neither of these have annual revenues of more than £0.5M.
Some other examples from the list, that indicate how undervalued MYX is:-
Haydale Graphene Industries PLC:- Revenue 2.82m, Net Income -3.93m, Market Cap. 13.28m
Libertine Holdings PLC:- Revenue 824.00k, Net Income -3.22m, Market Cap. 29.24m
EQTEC PLC:- Revenue 8.19m, Net Income -4.20m, Market Cap. 35.94m
/ fantastic entry point!
15th Sep 2022 7:00 am RNS Trading Update
MYCELX Technologies Corporation ("MYCELX" or the "Company"), the clean water and clean air technology company, today provides a trading update on the Company's business operations.
MYCELX is currently in the commercial phase of contract negotiations with a major oil producer based in the Middle East which, if successful, would see the Company announce its second EOR installation deploying the patented MYCELX REGEN product. Recent negotiations have made us aware it is unlikely the Company will be able to recognize the anticipated revenue for this project in 2022 and, therefore, will defer the revenue to 2023. However, the Company has other sales opportunities in the pipeline that could close before year end that could have the potential to reduce the impact of the delayed revenue. In light of this new information, the Company is revising its guidance and now expects 10% year-on-year revenue growth for FY2022 and anticipated profitability will also be adversely affected.
Connie Mixon, CEO of MYCELX, said:
"While it is disappointing that anticipated project revenue has been deferred to 2023, as a business we continue to have high level interaction with key customers and strategic relationships and operationally we are delivering what our customers require. Historically, bidding activity has increased during the second half of the year, and we stand poised to capitalize on the market opportunities we see in front of us across the application ranges we are targeting. We will provide a full business update when we publish our results for the first half of 2022 in two weeks."
https://www.lse.co.uk/rns/MYX/trading-update-0cw8kxo0djhve5y.html
Thanks for the info. Worth also noting that class actions are starting in the US ( pfas class action).
anything that solves issues for the masses does have a better good chance to earn hundreds of millions dollars in the process.
MYX looks a Gem, hiding under the radar and undervalued!!!
GLA and Dyor before its too late
As part of MYCELX's strategy to expedite its access to the significant PFAS remediation market, the Company is pleased to confirm that it is currently in discussions with several global water treatment companies, an environmental engineering firm and companies focused on treatment for the residential market. Through these channels, the Company expects to run further PFAS trials in the USA. These will build upon the successful recent trial, through the Company's Australian distribution partner, at a landfill leachate installation where MYCELX PFAS technology was proven to remove contaminants down to non-detectable levels cost effectively. This broader capability in PFAS removal places MYCELX in a strong position as a cost-effective solution, as the enormity of the PFAS global problem is exposed and the need for complete removal gains public attention
that's huge in the current Energy market
MYCELX confirms the successful, ongoing trial of its unique REGEN product for use in Enhanced Oil Recovery with a major producer in the Middle East. The Company is also in advanced negotiations with another major producer for a REGEN retrofit of their existing equipment to benefit from MYCELX's superior removal efficiency, cost savings and the potential to increase flow rate by up to 30%. Beyond the Middle East, the Company is pleased to announce that a further REGEN system has now been installed and commissioned in Nigeria.
"Breakthrough over potentially harmful chemicals found in most homes
By Esme Stallard
BBC News Climate and Science
Published
2 days ago
... PFAS stands for poly- and perfluoroalkyl substances. There are around 4,500 of these fluorine-based compounds and they are found in almost every dwelling on Earth in products including food packaging, non-stick cookware, rain gear, adhesives, paper and paints.
... The team of scientists hope that with further research PFAS could be filtered from drinking water and this new method applied to destroy the contaminants.
... This new method was applied to the 10 most prominent types of PFAS, but the US Environment Protection Agency has identified more than 12,000.
William Dichtel, one of the co-authors and professor of chemistry at Northwestern remains hopeful: "There are other classes that don't have the same Achilles' heel, but each one will have its own weakness." ..."
https://www.bbc.co.uk/news/science-environment-62561756
Skid,
The same story is freely available on the BBC.
With this new breakthrough, PFAS would still need to be removed from drinking water first, which is what MYX's solution does:-
"• Systematic approach efficiently and economically removes PFAS and contaminant precursors from water
• No discrimination by PFAS carbon chain length - highly efficient removal for all size ranges of PFAS"
https://mycelx.com/pfas/
In addition, the new breakthrough has only been shown to work on under 1% of PFAS types, and it is still relatively early stage - further research is needed.
Article in the Times about an article in science on a cheap way to get rid of pfas, based on science at northwest university.
Behind pay wall in times, unsure whether science is free ?
Not a science buff so welcome comments, as it's written up clearly independently reviewed.
Let's hope the rest of the world isn't as useless and as corrupt as the UK government in managing its water quality