Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Bioneutra has huge potential. Long term shareholders here might know that cne built the production line for vitafiber in Edmonton canada. Mr Yu and Bioneutra ceo attended same college in china. Bioneutra would be epic acquisition for cne. Vitafibre is a fibre that tastes as sweet as sugar. Its molecules cant be broken down in the bloodstream so stays in gut like a fibre. Bioneutra opened a new office in Chicago last yr and appointed a woman who has worked for pepsi, nestle etc. If one of these companies were to take on vitafibre then exponential growth. I think cne could really push this in china. Especially among the beer manufacturers that it already works with. Are you sure that Bioneutra acquisition is off the table. I think this will happen eventually.
As I see it, mr Cai is an extremely wealthy man. The money we are talking about is peanuts to him. Therefore I dont think its corruption just business. This guy has his hands in many pies. He is a guy of influence nationally and internationally. With the tech we have all we need is to get it out there. Mr Cai in my reckoning is the man to push us skyward.
34 patents,
Top class ethanol tech,
new hydrogen tech,
Zolite dehydration membrane device,
1.5 gen tech......
£35 million in the bank.
Mr Cai, plz help us unleash the beast. Remember this time last yr someone block bought up to 20 million shares at 7.5p. Something tells me that will be seen as a bargain. Time to stop negativity. I exhausted every avenue to put heat on BOD. I will be offering them an apology next week after China new year. I recommend we all do. They are delivering. Lets start with a new clean slate.
After reading the report I must say that I am mightily relieved. If Mr Cai is the man to win us national and international contracts then bring it on. Lets face it, we all live in a world where its not what you know its who you know. Personally I see it first hand every day here in Ireland not to mind communist PRC. If Mr Cai can deliver us work throw as much money as we can at him.
India and praj are about to build a 500k lires/d ethanol plant which will be scaled up to 1 million l/d. If we dont win work in india for next 2 yrs we are idiots. Cne prides itself on its tech. Let's get in there.
2021 operating revenue RMB521.6 million (£61.1million)
2021 gross profit RMB133.4 million (£15.638 million)
2021 Net profit
RMB55.2 million
(£6.470 million)
Current Assets RMB219.6 million (£25.743 million)
Cash RMB37.3 million (£4.372 million)
Based on the fact that fy2021 was drastically more impacted by covid than fy2022 and the £2.2 million pr payments excluded I would be estimating a £6 million profit for fy2022. This should bring us up to £36 million assets. Based on the fact that legal teams and multiple auditors have been looking in these books and bank accounts for fraud or misinformation then I believe its a very sound legitimate £36 million. I would be expecting a £3 million dividend as a sorry and thank you for the mess. It would mean a £1.5 million dividend from last yr and £1.5 from this yr. Its 4% of companies assets. As a sorry we should be getting this.
Hi simms, based on the fact that the company is performing well in the background and we were about to get dividend last yr then I would expect a double dividend this yr. I am not aware of exact assets but in fy21 results in about 8 weeks time we should have close to £40 million in the bank.
On a separate note. I would like to take this opportunity to thank both Ivy Xu and Richard Bennett for keeping us updated through this time. They obviously didn't know themselves how long the process was going to take but both were very good to alot of ppl on this board offering some form of reassurance. I have been a very angry shareholder and both always dealt with me very professionally. I am going to follow Richard into getec once this is over with a percentage of my cnel. He is a top class bloke.
Hey guys, time to start getting optimistic. 20 months of hell will have passed since we had any optimism around here. Meanwhile the company is performing well in the background. Remember we were due to get dividend last April. That means I am expecting a double dividend announced end of march along with fy21 results. India at this point still requires triple production capacity between now and 2025. So absolute monkeys if we dont get contracts from pr company. My contact in Zambia tells me that sunbird Bioenergy project in Zambia is priority with new government who are after installing a green minister for the first time. We have the hydrogen technology that should add significantly to our portfolio and the major development project that cnel were involved in over last 16 months should be bringing work to the table if its worth anything. Winter Olympics flame is burning using green energy. We will be very proud to be part of the cnel family as soon as we are back trading. Cnel has really positioned itself winning top awards for innovation and national development projects. We will be approaching £200 million market cap soon enough.
Heyheyhey
I got an email from ivy this morning stating the exact same thing. Its a load of rubbish. How after 6 months are the managers only being interviewed now. Unless they have found something and need to question them again. I sent a response stating the same as your opinion. I cant see this being relisted in the next 2 months. Wasters cant even give us fy 20 results not to mind get relisted. I believe the profits are true because they are getting a fair examination atm. Anyone got any ideas on how we can infiltrate the media blockade. We wont get h1 results now either. Thats what announcement last week was about. They are a bunch of wasters. Cant get this right. I really think the hkex listing is over.
I am getting the same response from bod every second week. Pointless rhetoric thats not changing. We are almost 6 months suspended now. Not one apology from bod, not one company update. Its sick. I read a report from sinopec today they are in the process of major expansion in their ethanol production capabilities. China has not stopped its rollout of ethanol.
I have befriended a guy in Zambia. He is currently looking into the zhongkai ethanol facility. Something tells me that the Chinese boys involved in this company might be familiar men. Remember cnel did a share issue for field studies in Africa. Was our £1million used for trials for others than cnel. Zhongke and zhongkai are very similiar. Who built their ethanol plant? I will find out. I have asked cnel officials do they know anything about it and they have not responded. Remember, Zambia is over producing cassava. Very easy to develop a market when already in the industry. I think our bod think they can do what they want. We have had loads of examples by now. I think bod will drag this out for 1 more yr. Leave us completely in the dark and become delisted hoping shareholders will not show anger. Could we hear from milisim plz? B
I am interested to hear his take on developments. The
Dear all. The investigation is to be completed this week. Therefore expect nothing for another 2 weeks after that at least. I am thinking it will be pushing to be back trading before October. Thus getting h1 results published which are compulsory. I am not confident of getting back trading. Pwc pulling out was a nail on our coffin. If your auditors are refusing to stand over your accounts then forget about it. I genuinely believe that Richard Bennett is a decent bloke. He put a stop to the boys in China charade as he has a reputation to uphold being ceo of getech and director at mti wireless. Its a complete hell hole of a situation we are in. We are in a good profitable company. Auditors swarming all over it will prove that. The boys at the top dont want to share its value with shareholders and never have. I just hope they get whats coming to them. Regardless of outcome of the investigation. They need kicking for being so secretive with shareholders since hk ipo. £65 million contracts signed and only a draft statement in 15 months. Disgraceful behaviour.
I dont get preferential treatment but I am invested 5 yrs this September. I am 1 of the biggest private shareholders and I have had a lot of heat on the bod from Irish embassy etc. They know I am not afraid to get justice. 19 weeks Tuesday we are in limbo. Its a shambles. Wait for the bill from this. Law firms, auditors and investigators. BOD are idiots. Possibly close to £3 million lost on stupidity. That's my money they are wasting. Imagine a £3 million dividend. It be a yrs wages.
Ivy has reassured me that the company is powering ahead in the background and issues with suspension has not impacted the company performance.
On a separate note. We are 18 weeks since a company update so hopefully these hydrogen patents haveanded work to diversify our portfolio.
E10 uk or anywhere means nothing compared to E20 India and the E10 China announcement in September 2017. Lets hope we are back trading for q2 results around 20th of September. I wouldn't bet on us being back before then. I have been given about 5 different timelines for this suspension to be lifted and everyone of them have been completely wrong.
Can someone more knowledgeable than me tell me what happens when we get delisted. How do we get a cut of the pie. What happens to the directors if they are found to have given this money to bogus accounts. Will they be prosecuted in China. I was always under the impression that Chinese fraud is seen as a very serious crime with ultimate consequences. Looks like we have to embrace the worst now. We are just been strung along to soften the blow. Pwc resignation spells doom on all counts. What a mess. £50 million company thrown to the dogs for 2 million reward. They must be complete idiots. 54 weeks of complete silence. Hk listing has been some disaster for us. They are not nice ppl we are dealing with. Absolute disregard for shareholders. Try find a worse company than this.
The words ethanol , zolite dehydration device , national project on 1.5, bioneutra, e20 india, sunbird all seem like a dream we had after a star wars movie. It was last January when we were all trying to pool resources together to bring down these clowns. Now we are just all silent and accepting it. The Irish embassy want me to refer the case to interpol. Something I obviously will be doing if they dont get back trading or a major announcement in coming weeks. 18 weeks is a significant timeframe. I would love to see what investors who bought in 15th of July last yr are feeling about all this. Surely they have significant heat on the boys at the top.
They said we were to be getting quarterly reports during suspension. Again we have heard nothing about q1. Unfortunately we just got involved with a company full of rotten eggs. They have very little regard for investors. We have been strung along for 18 weeks thinking everything is going to be ok. Pwc were supposed to resign the 15th of july. I seen nothing to confirm this. Nobody on here talks about the company anymore. The nuts and bolts. The word ethsnol aand dividend.
China is going nuts for hydrogen. We could have a huge market cap company if we get in on hydrogen. Ireland bought 3 hydrogen buses yesterday. Hydrogen is the future. Imagine if everything was right with cnel. We would have a £250 million company. Its where sllthe information and numbers are pointing where we should be. I am completely fed up of the silence and untrustworthy nature in which this company is run.
Today we celebrate the first yr anniversary on hkex. Allthe hurdles snd obstacles we got through to get there and then the BOD go snd throw us all under the bus. We are 16 weeks up s..t creek. I am hoping we here something tonight. If we get back trading we could be on for a windfall. Remember,
Dividend,
india E20,
Zolite dehydration device,
National development project,
£60 million worth of contracts signed,
£25 million of assets.
Hydrogen patents,
Bioneutra acquisition,
3 months of new contracts that we haven't heard of.
Lets hope we will be back trading by end of July.