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That will be explanation for the recent movement when market got wind. We should get official China 5 year plan in March but with US banging drum again China will go all out. Definitely positive news and maybe CNEL can get new business through BRI.

I certainly hope so but i have to say its hard if BOD operate the way they do. I dont think anyone can stay invested long-term being kept in the dark and hope a footnote in the accounts once a year is enough. if they change their ways i am sure investors will stay onboard and many will join. For me not seeing a company reach its potential is actually quite painful and there are so many with cleantech companies that have 5x or 10x above their name as China and the US try to outdo one another. £20m market cap for CNEL is almost criminally low.

Or that could be just the project investors onboard in March, which would be correct as drawdown on Finance is planned for middle of the year as with investor injections the drawdown only needs to happen when that investmenf is deployed. I am pretty happy at the moment as things seem a little closer and that is arguably the critical point and no curve balls but March for me has to happen if mine is commission end of 2023. I think Harry was speaking at mining conference today wasn’t he?

Small point dsrt but latest RNS says the following
“In Ethiopia, the Tulu Kapi Gold Project (the "Project" or "Tulu Kapi") financing remains on track with the project finance consortium for financial closing in March 2021 and production in Q4 2022. “

Notice the word “closing” so no longer “anticipated” that was in earlier RNS. keep up :)

No more word on that front however it is holding back their market cap massively. I sort of hoped CNEL wants to maybe sell outside of China as they should be maximising global opportunity and not just rely on China, although China is a massive market in itself. Maybe i just dont understand China way of marketing and business but its sad to not see CNEL on international stage. i think full year results will be good but i think market cap will never correctly price the company as has largely always been the case. Dividend would help change that and that what i am hoping for.

i have been adding this morning on the low price and on the basis of my low allocation of shares in the placing and can see the price continuing to climb further once we get the refunds back next week to deploy. This was a good price at 60p but with £5.5m in the bank and all cash through to end of 2023 it looks even better value. There is likelihood we will have got to cashflow positive by that time and with £40m invested so far we should be at the turning point.

i have had confirmation from Ivy that the final results will be released at the end of March. Their auditor PWC are working on this now. Sadly no further updates on how they are going to improve their front of house as for me this is fundamental to being a long term shareholder. Regardless of whether CNEL is an outstanding company if they are not able to keep the investor community updated they will simply miss the global opportunity as they will not be able to grow fast enough and raise money in very large amounts to take advantage of this step change that is billions of dollars over next few years. It will always be sadly an uphill battle. When you compare CNEL to a transparent BOD updating shareholders or key steps it ensures they not only maintain their LTHs but many continue to invest and importantly many have large followers or update their tips or analyst targets who then subsequently tweet the news. Many will be in related industries and this is free advertising to drive new partner and sales enquiries. Richard Bennett was a case in point once upon a time tweeting the IPO and so forth that reached his community. Sadly the disappointing news post on the Zeolyte was only in Chinese and lacked any commercial commentary. It was a terrible waste. With the most successful companies a large proportion of leads will come from word of mouth through social, analyst updates, industry news and other means but if CNEL do not release news or when they do it is poorly written and not even in English for global consumption the writing is on the wall that CNEL will miss out of a huge step on growth. We can hope it will improve but that is not enough. Investors need to vent frustration that CNEL are going to miss this once in a lifetime step change in E10 mandating at the very least globally.

On the plus side of the heavily oversubscribed placing the current price is now a bargain and can see a decent climb again, especially after placing subscribers get their refund, which from past experience takes longer than it should. shame i suspect Primarybid subscribers were scaled back more than institutions!

AGM had cash to eoy so with EU opportunity opened AGM now has all cash to end 2023 to execute the plan. Therefore no expected placements any further. When pricing placements they used 30 day average. The good news is that company can expand with confidence and the application of Graphene is vast and just beginning.

There is several inportant points today. Firstly as shareholders the value of the land ballooned with this planning, maybe tenfold and Eqtec shareholders will benefit directly. Secondly financial close is almost trivial brcause like building a house once you have planning financing is available along with eager investment partners. This for me tops out Billingham and the first major execution towards unicorn status.

Nice to see Blackrock tell companies they will not invest unless they meet net zero by 2050. Now if any of these companies have any bi products might they put in an order for a Eqtec biomass plant that can convert at least 50 inputs and convert into power for the company. There is a nice fit for potentially 100ks of companies globally to go down the Eqtec route as Eqtec and once you factor in benefits it can be revenue positive for companies.

You can always buy and then bed and isa once you get the allocation.

Have been following Applied Graphene for sometime and always liked the potential and recent news is very encouraging so hopefully if any of my allocation on Primarybid is successful look forward to see how they will invest the £5.5m as it seems they are close to the cusp of decent revenue growth and market penetration. GLA

Hopefully we will see more volume and activity and maybe March we get confirmation of the 5 year plan that hopefully includes a lot of Ethanol, almost certainly as its quick win. I think CNEL are indefensible on news though. They are a tiny £20m market cap minnow and now they are on HK they have more freedoms so should be announcing more updates, posting major project updates, big contract signings and CEO should step up and share the news that i am sure he is sharing with his close shareholders. Still no industry news so what is point of a section on website if its empty? Fingers crossed for bumper finals and a dividend as that would certainly help recover their farce to date and 60% crash since IPO.

RNS must be due for Hawiah anytime soon or even new licenses they have their eye on. Could be huge.

The way i see lack of PR losing business is hard to prove in the case of CNEL but when you see it working elsewhere you can see how transformational it can be when all other things have stayed constant. Great PR and news dissemination creates an army of advocates writing news, making other people aware of the company and so on. Referral is the key way sales have and will always be. Perception is everything in a fast growing sector. Dont forget Tesla cars look like a ford mondeo and if Volkswagen released the car they would have 0 sales. What sold Tesla is the vision and sizzle of master PR. This created a vast army of advocates, a massively inflated share price and ability for Tesla to raise billions of cash to take over the market. If a company lacks advocates they lack the tentacles to grow far and wide in partnerships and global sales and some other company will start to take market share from CNEL. what i can say about CNEL today is they have no business outside of the PRC. Why? i dont think they have any EPC partners to bring their technology globally. CNEL are unapproachable and most of my emails have been ignored. Fortunately CNEL probably have far more work than they could ever deliver just in the PRC so i can see the secrecy and their lack of Communication. Normally companies are opposite. All PR and no tech but CNEL have it all the other way. Success is almost guaranteed but my god they are making hardwork of it when a rebrand and some comms would be transformational. Yes i am hugely excited about the Zeolyte hydration and can see that globally making waves but thier laughable writeup was ridiculous and was so amateur it fell on deaf ears except people like you who know more about its importance.

Also this is relevant as you have to assume Ethanol E10 mandate will get a proper rollout and maybe some news is circulating to that effect. Again muppets at CNEL do not post anything to link shareholders to these updates and we end up having to do the legwork so only insiders take advantage of falls and rises while shareholders are in the dark. So infuriating!

“Discussions on the next five-year-plan, which will lay out China’s path for 2021 to 2025, are in full swing ahead of the country’s annual legislative meeting in March.”

Trying to look for back wind today and only notable news, and something i partly predicted, is that since the US have come out guns a blazing about Paris climate that China would double down as it was notable that as soon as Trump was on the scene things fell back a bit. Maybe China re-affirming its ambitious target is great news for CNEL as they will need 100s, possibly 1000s of Ethanol refineries to bring all of China to E10 or rely on US imports. I just see China opening sluice of cash to boost cleantech.

“The Chinese leader also reaffirmed Beijing's ambitious climate pledges to slash carbon emissions by 65 per cent by 2030 and achieve carbon neutrality by 2060. Meeting these targets will require tremendous hard work from China. But we believe that when the interests of the entire humanity are at stake, China must step forward, take action and get the job done,' he said

As to CNEL the BOD need to step up or they will miss the opportunity as they will be too slow to catch the wave. They need to be the No1 technology provider for China Ethanol and their lack of size is hampering their ability to grow. This is because CNEL business model relies on using their own funds to lauch a new project, and being paid in arrears. So to launch a £100m project they need to commit £10m and that is why last raise was planned to be used. Its a mad business model as it restricts growth but seems thats how they do business in China. My concern obviously is a dividend under this business model is less clear as they rely on cash to take on new projects. Anyway please keep up pressure on BOD to improve news flow and everyone will be very happy whether here for short or long-term. I personally see a massive future for CNEL if they make a few changes.

I am exactly on the same page as you Scotlouie. The news blackout is utterly disrespectful to shareholders not in the inner circle and HK is way worse than the LSE on that front. The tragedy is they could be $150m today and massively grow the business with further placings and acquisitions but something is just not getting through as they only need to look at dozens of cleantech companies to see what is happening. In AIm i think shareholders would have forced the issue and got real change or the LSE requirments would have forced Inner Mongolia news professionally to the market. I think CNEL is akin to a family business passing down the generations and its all about control and likely be that way until there is real change at the top and forcing an EGM to bring in the right people. Sure its nice to see 30% rise but its immaterial to the destruction the BOD have metered out and today that is not changing. Only silver lining is unless they start funneling cash out the side door the revenue and profits should just keep rising and ultimately however destructive the BOD we should see a return but that dividend really needs to be pursued as its key to unlocking. My fear is BOD will look to stab lths in the back and not issue a dividend.

This is one of reasons i have been pushing to get CNEL releasing news and updates as i think they have kept a lot back while those UK investors who needed to sell got punished. As we all agree things like Inner Mongolia is massively important to growth and profitability but no updates, even interims were weitten poorly to present a relatively downbeat view and not issuing dividend capped it all off. As to the last UK investors i think its a fairly trivial number in grand scheme and probably less than 5%. If CNEL increase coverage and find new investors any UK investors exiting will be of no importance but all hangs on whether CNEL will play ball and actively grow the news coverage.