Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Interesting position the MM's taking. I can sell 400,000 but I can't buy 10,000. Are they short of stock or just holding out for a better price to sell at?Update RNS felt encouraging this morning, especially the prospect of looping supplies, should get the Green vote!.
Encouraging to hear they are working hard to get more feed stock. Nice idea if they can recycle oil directly from supplier and sell back to them. This at a premium price which in itself could put of sales. Increase in July production but still going to be down overall in H1. Australia while smaller than Canton is struggling to get production from lack of feedstock. Lack of figures, which is not unusual for an update but does not promote confidence that HYR come next results will be profitable. Overall it would be more promising if HYR was already making profit. Where talk of ideas are good deals need to be struck to ensure financial security.
Does any one know are we expecting any news soon that may help lift this share price..Very painful down here for all off us..
Best volume day in almost 6 months
Is it a good buy, or is it good bye.
on very low volume
Good buy in price all I see is keeps going down
Looks like a good buy in price! Good company, just needs to sort out feedstock issues then the sky's the limit. Traded them from 2p to 3p last time, so 1p looks a steal (even at this price).
Thought I'd poke my head in here after selling out a while ago .. it's not pretty is it.. This is a real shame, I really like what they are trying to do but it just seems like the supply issues are killing all chances of them making any money.
*Nastid
Thanks Nastif I enjoy reading your posts. Hopefully start to turn the corner here soon. GLA
Been fairly quite for while, so I thought I'd help keep this site alive (when it's not down), by posting.
I wonder if Hydrodec's process can currently, or be modified, to clear up sulphur atoms/sulphuric compounds. I believe it does that, or to a degree, when it reforms carbon/hydrogen atoms lost during the oils usage.
Heading into 2020, with the new shipping regs, we're going to have a large surplus build up, of sulphur rich oils/fuel oils.
probably waiting to hit few more stop losses near the 1.0-1.10 mark...waiting to see hh and lh here before topping up.....
Bounce still dropping daily
Retraced more than 50% of the recent high, in oversold territory despite improved fundamentals....a bounce is overdue here....let's see.
Thanks for the insights, much appreciated. I think everyone involved with this share can do with some good news!
I remember once breaking down the cost by item of the process, I think but it was a while ago now, electricity and Hydrogen where the higher value consumables.
Electricity for the past couple years seems to have remained flat to slight increases, at least for industrial/commercial, in Ohio. If you're in California the jump is far higher. As to hydrogen, I'm not sure. The unit cost may have reduced as other sources become available but I presume it's storage, and therefore electricity that makes up that cost.
Operational costs: I'm presuming again that the actual theoretical capacity, doesn't really impact the overall running cost. Meaning x amount of consumables for y amount of feedstock but as they scale up, utilisation and operational efficiency increases. The onsite storage is likely larger but that must be a static cost, and I don't think they have increased the number of employees.
Yes they did lose market share during the down time but demand is now strong. The industry recognises the product quality of Superfine, so that isn't the overriding issue. Competition of feedstock has always been around, the G&S was meant to address that.
No problem with respectful disagreement, the point of a forum after all. I am a reasonably informed layman, not an expert in the field by any means.
I'd be interested in a view on the following though. Firstly, is the main op-ex cost not the cost of electricity? Has this remained constant? And secondly, having read the annual statements over the last couple of years, it would seem as though HYR had lost market share due to their absence from the market, whilst the rebuild was taking place. Not clear whether this was for their product only, or impacted feed stock supplies as well?
It is valid to ask whether the business case was there, initially, and with the benefit of hindsight.
With respect, I don't agree with your analysis.
The reactor designs were an evolution of 10 years of previous experience. A lot of the extra capacity was due to the improvements fed into the new design. The rest, being part of the strategic equation, from the joint deal with G&S. The deal was supposed to eventually provide enough feedstock for 10 trains, not just 6. Besides, the cost to create the expanded throughput, given the design, would not have been much different if it had remained at previous values.
I'm assuming part of the issue that hasn't seen G&S supply enough feedstock, is logistical in nature. That was a known factor in possibly establishing a second operation, nearer to other G&S facilities. I can't see any real additional costs for the larger capacity, in capital or central admin costs, over the previous size.
In the room is the decision to massively increase capacity after the fire, without the foresight to understand the impact on the business of not being able to secure feed stock to utilise that capacity. Unfortunately, this was an undeniable strategic error. I didn't see it coming; management certainly should have. I continue to believe in what they're doing, I'm just not sure it's a business.
Margins have continued to increase, and are at a pretty good level in comparison to previous years. On current output, they have around 10 million litres spare capacity (if they really pushed the reactors). At the operational level things are good, they need to feed the reactors and increase yearly output. If they do that, they can be nicely profitable, without that...
As to crude in general. Even with the Saudis telegraphing that more output was on the way, the price bounced around the $65 mark. To me, that showed underlying strength, and an eventual continuation of the march upward. I mentioned a previous bottle neck in the US, it's now predominantly the reason for turning things on it's head. Brent had weakness, whilst WTI moved up, bringing the differential down significantly.
I would imagine that it has increased margins, but presumably also the price of feedstock, so it's difficult to know what the impact is. Our sp has been declining right through the oil price rally if the last two years though, which seems counter-intuitive. A bit of clarity in the AGM statement would have been helpful, they were more open last year. The tech is good, but they don't seem to be able to monetise it in a meaningful way.
HI all, anyone have any thoughts on oil price rise, this time last year approx $40 per barrel ,now almost $75 per barrel and rising,our share price going the other way, even without extra feedstock this must improve the margins on what they are selling, last time oil was this high we were around 8p a share , I don't expect to see that again but if oil stays this high for some time surley share price will rise, let's hope on next update we have some improvement, if not May as well just give the keys to Mr black and lock up.
8% drop. what r u on. this has dropped more than 60% since the ramping ******* s were on this total pos.
Is an RNS charged per letter?
Given that they had already updated previously, it was not a surprise that they didn't use the AGM to output much more but that was lean to say the least.