Member Info for millsm

Update released but basically no news as they are waiting for the HKEX to agree if trading can resume.

Maybe the results are needed to be able to set the share price value for re-trading. If they were about to drop off the exchange it seems a waste of time issuing them early. Maybe it’s a good sign of things to come, but either way it’s going to the wire.

It’s worth noting that the majority of the shares are owned by BOD’s so they have an interest in boosting the share price even if they’ve not done a great job so far. I honestly can’t call this as they should be worth 20p but could come out at 2p, somewhere in the middle sounds about right that’s close to the IPO price of 10p but it froze at 4.5p.

“Since all the resumption conditions have been fulfilled, the Company will submit its resumption application in early July 2022. The Company will publish announcement(s) to update its shareholders of further development on its resumption application as and when appropriate.”

To be honest whatever we think we are locked in for now and have to be patient.

Construction and engineering are roller coasters from a sales to installation of projects as a lot of the costs for materials and labour are front loaded to some extent. Plus all the heavy design doesn’t turn into cash for a long period on big projects.

If this company needs cash at some point it will need access to the market and investment. Neither of which can happen under suspension as the company as an asset is unknown and not accessible.

The BOD have have lots of opportunities to wind this up and go private if they wanted to, putting on the HKEX just opens them up to personal prosecution for any wrong doing.

Just my opinion

Not sure it will let me share a link.

Try looking up on Facebook Groups

China New Energy UK Investors

https://www.********************5068712099913039/?ref=share_group_link

It might be an idea to set up a Facebook group as if this shows it potential it would be good to meet for a drink to celebrate.

The BODs seem to be ticking all the boxes now, let’s hope they have learnt their lesson that communication to the market and investors is paramount. They seem to have a solid business control system, great sales success, profitable delivery and great R&D. They just need to learn to sell that success to investors with regular updates on their progress. This has the potential for a big re-rate when trading resumes.

Good news as the BOD are obviously trying to get this back on track now, Hopefully we can see the 2021 results shortly and we can then look to be up and trading again soon.

I think the results are impressively solid and show forward progress. I just don’t get the BODs reason for not pumping the news out of all the good stuff they are doing.

The only thing I can think is they are waiting for trading to be back online or they are looking to buy in cheap on the relisting.

These directors really need to get their act together

This is where the real value is as the company is in the sweet spot for a booming market.

https://tradingeconomics.com/commodity/ethanol#:~:text=Ethanol%20is%20expected%20to%20trade,0.79%20in%2012%20months%20time.

If they do get this cleared and back on track trading wise in the next month or so, what do we think will happen to the share price? Depending on the results obviously and how good the profits are still will be the major factor but it will be wild trading when it kicks off again.

1: Could see miffed of investors dumping shares as they are sic of the BOD's lack of communication
2: Maybe a big influx of trader's jumping on board as the numbers look great
3: Insider knowledge must be very high for staff and management at the company as they've had over a year to see the value
4: Market investors could see this as a quick win share as it should be way over 10p a share (as per the IPO)
5: Possibly even the main investors looking to get more share of the company
6: Could be a toxic share based on the last years mess and everyone abandons ship
7: If a dividend is announced could see a major bounce upwards

What are everyone's thoughts? I do know I will be sitting tight as this has so much potential if the company can get its act together.

Its worth noting that I don't think a dividend would be on the Annual Board Meeting agenda if they didn't have some level of profits to offset it against. Maybe a small but interesting silver lining to a terrible year with this share and company.

They keep using the statement :

''The Company will publish announcement(s) to update its shareholders of any major
changes to the above matters, as and when appropriate.''

I think the time that's appropriate is NOW as they have had a year to get their **** together

You would think this Thursday the 31st March or Friday 1st April would be a date for news to drop. Nothing really goes to plan with these guys but the dates seem to add up for a numbers and trading update IMO

https://tradingeconomics.com/commodity/ethanol#:~:text=Ethanol%20is%20expected%20to%20trade,0.79%20in%2012%20months%20time.

Upwards in Price Rapidly Seems to be the Result

Any audit has checks and balance, they investigate and comment, then their are replies. This can often go back and forth until it’s officially approved.

Biofuel production, the article mentions control measures rather than ending corn use. I would expect any use would need to be latest generation technology to maximise output.

Just my opinions rather than any specific insight.

When they get their act together who on here is selling up and who is going longer term?

I personally can see a jump up in price coming once we get trading again and I’ve always been committed to getting the real value in the SP of 15-20p in the next few years even not higher than that.

Will everyone else be jumping ship as soon as they can or riding the roller coaster?