Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
I have done a lot of research last 2 days. I have a friend working in pwc and he thinks that pwc wouldn't be happy with goings on at ipo with huge sell off. I also believe that Richard Bennett is getting huge cutting on here but I think he is the saving grace we have. He is not keeping his foot in cnel to have his name tarnished. Type in any company he is involved in and its flying. Remember addax sierra Leone was a €400 million million loss until he took it over. Now its lolc flagship project. I have also been talking to a stockbroker who believes that company will be trading again. No way its going to be turfed out of hk stock exchange.
Now why spend all this money to get listed when they have probably tarnished the companies reputation forever. Its beyond belief. The directors own around 75% of the shares. Why throw it under a bus for £ 2 million. Something tells me that everything will be ok and bod will come out all guns blazing in fy report.
I am in no doubt that we are having record results for fy 2020. Our profits might be unspectacular due to high ipo price but any investor or hedge fund manager will notice that. I think our contract backlog will be at an all time high. If you look at china Russian negotiations atm are centering around corn for ethanol. Its included in the belt and road initiative. Also Biden has called for a meeting with putin and Xi for climate agreement. We already know that biden wants 7 times the biofuels consumed now. So I think everything in the cnel world is ok. Dividend will be approved and what we have got going on in the background is what will set us all on path to glory. I think we will be waiting until Thursday or Tuesday for results. No way they will announce them after meeting tomorrow. Richard Bennett is a really nice guy. I think his hands are tied on how things operate in cnel. Either way. We deserve $1.5 for profits we have. Their silence was for a good reason. They are going to detonate a bomb and everyday its getting closer.
https://oilprice.com/Energy/Energy-General/The-Biofuel-Boom-Could-Threaten-Food-Security.html
Looks like biofuels will go through an explosion period over the next few yrs. Biden wants biofuels to be produced at a scale of 20milion bpd. We are currently at 3.5 million bpd. This is a 7 factor increase. Let's hope cnel gets in on the act. Especially with the zeolite dehydration membrane device
Theres no sugar coating what is going on. Why pretend to be ok with every farcical move the company makes. I am sending a very angry email to the far East later. Truth is that the company is probably ticking along like a train in the background but the way we are being treated is shameful. Any other stock I am following atm are releasing 3 rns every 2 months. Good bad or indifferent, at least you know what is happening.
Board meeting postponed.
God I really hate this company for good and glory now. Did they realise there would be blood on the walls with crap results and put meeting back to hatch a plan for a supercare ghana contract. Maybe 10 nigerian contracts or a Zambia, Zimbabwe, Thailand contract. The reason for this postponement is definitely negative rather than good. Radio silence for 9 months and still they aren't man enough to tell us as it is. If news was good results would be published Thursday. They are coming up with another plan to plan a plan for a share price rise plan.
Simms45
Sorry to be the bearer of bad news but Volkswagen came out last week saying that they have developed a car battery that is half the cost of existing car batteries, 99.5% of the batteries can be reused and the charging time is equivalent to filling up with gasoline at petrol pump. They are hoping to have it on sale for 2023. And make it the standard in all cars by 2030. So ethanol hasn't got a huge future with technologies like this coming on board. For cnel it has probably got 5 yrs left of potential growth. We need to diversify the company to other technologies
Not good enough millsm. I want to look at my trading platform and see a figure that is triple whats there now. I am predicting by end of the week thhat we have profits of about 30 million over last 5 yrs and future contracts worth at least 12 million. So if BOD can't deliver share price to double profit in the bank we are flogging a dead horse. Something has to be done. Diversification is the key to add value here. With money that we have in the bank it should be easy. Ethanol has a limited future in China. Therefore a new direction is needed to allow company evolve and have a future. With rb on board a partnership with the likes of eqtec should be looked into.
Unfortunately the drive to the fy results was an anti climax. Nobody wants a piece of this company. Time BOD starts looking after existing shareholders. Company has more cash in the bank than the company is worth. Now they can start handing out some of this cash to the ppl who own it cos we are trapped in negative equity otherwise. Why should I choose to sell my shares for less than my percentage of profits over 5 yrs. Directors can initiate a share buyback programme as well as issuing a dividend. Company market cap has to be valued at equal price to cash.
We are in a well run company that is a shambles to its owners. BOD have to act. I am not taking this rubbish any longer. Milism posted a link recently where European legal team took lawsuit against polish coal company and won as company were not acting in the best interests of the shareholders
To own a percentage of a company that gets listed on the hk stock exchange was a dream come true. But what has happened since ipo day has been nothing short of a nightmare. Share price falling to a ridiculous price is one thing but the radio silence has been nothing short of a disgrace. The radio silence in my mind can only be attributed to 2 things. Either the company has been performing exceptionally well in the background. Or company has had loads of contracts stalled due to corn prices and lack of supply. For me I will be most angry if in fact the company performed mediocre and they kept us all in the dark for no reason. Personally I think we are on for bumper results, new contracts and dividend. I don't think the bod can justify delivering bad results when E20 has been announced in india and higher demand in Thailand. 36 hrs and we we will know the outcome. Last couple of years rb has given an update on Twitter post trading commencement.
Lck is in partnership with someone completely different to us unfortunately. Our cnel only likes to talk about getting work in other countries without actually achieving contracts. Hungary, Sierra Leone, Nigeria, Ghana, Zambia, Zimbabwe, Thailand and Brazil have all been mentioned yet no contracts ever won. So maybe join lck to get a Chinese company who wants to achieve internationally. remember the company applied for a patent in Brazil 2 yrs ago. Smoking mirrors I bet you. There will be some que for the exit door Friday if Chinese government are not supporting domestic ethanol production.
Biggest week of my life coming up. Huge prospects to be displayed in public.
9 months of radio silence. Were they covering up disastrous period for ethanol production in China with corn stocks non existent and at ridiculous prices. Were all contracts stalled on the back of this.
Did cnel secure the monster projects in the perspecus?
Did cnel secure any work from India?
Did cnel officially sign a collaboration with Mitsubishi chemical Corp and what will this device do for cnel going forward.
Will there be a dividend announced.
How can cnel diversify away from being dependent completely on Chinese ethanol domestic market.
Will we double market cap when Chinese investors see p/e value and forward prospects. This could be a disastrous week or if things are on track with all contracts still valid we are going to be in serious growth mode.
My banking is that the company have to deliver for shareholders after radio silence.
Scary times ahead. Share price is a shambles. Something seriously wrong with this company. 9 months of silence, 80% uptake on share offering at 1.5p from ppl who know. Maybe the silence is due to lack of corn in china and cancellation of all ethanol projects. If this company was going good share price would be mid teens now. I am now highly sceptical
Imo the bod have put all their eggs in a basket that is called fy2020 results. I am expecting.
Record profits
Record contract wins
Dividend
Zeolite dehydration device update
I think theres news coming thats going to blow all our minds. Bod had a meeting to come up with a plan to boost share price. Well the fruits of their prolonged labour is about to pay off. Hopefully Mitsubishi chemical Corp will come in with a block buster deal or something huge like that
2 weeks left guys. Going to see a rise this week
Last few yrs results.
6.8m
5.2m
3m
0.4m
This years profits are roughly 6m to 7m based on perspectus.
Ipo 9m.
So technically speaking we have over £30m dry cash. With backlog of orders and expensive costs of ipo out of the way then fy 2021 should be around 12m. So technically investors in the next 2 weeks are going to be looking at a company worth £25 million market cap. Having cash in bank of £42 million. Now throw in
Zeolite dehydration membrane device.
1.5 generation R & D national project well underway and the possibility of blockbuster contracts from inner Mongolian project and possibility of indian contracts. I would be shocked if we don't get a market cap of p/e 10 which would be £70 million. Obviously dividend announcement will also help. If a dividend is announced, profits of £7 million, inner Mongolian project won then we are minimum share price of $1.2 by close of business today week. Ppl must remember that ipo investors were looking at long term share price and not short term. Although it has been 9 months from hell, it will be all worth it if we get an avalanche of good news at fy results. If you were a bod in cnel you would have made the same plans. Legacy of aim shareholders had to be dealt with and I think the aim shareholders that want a quick buck are gone or will be gone in coming weeks. I am very excited about it. I have been predicting this since Nov
The share price rose around the same time that we were all lending support to company company accountability. Since share price rose it silenced the detractors.
If company was doing as well as we wished the share price would be certainly hitting $1 over next 3 weeks. The fact that they have been absolutely silent for 9 months tells me that they will have to offer a comprehensive report on the company this time around. I am expecting a $0.60 by the end of the week. Unless ethanol was taken off the table on 5 year plan. Then our lack of international exposure means we are in a miserable situation.
Someone has brought share price up to $0.55 every day at close this week. Looks like a game tbh. Either way. 3 weeks left
How can cnel be worth only £30 million market cap when mti wireless posted profits today of £4 million and has market cap of £70 million. We are posting profits of £7 million with huge 49 backlog of contracts and huge money in the kitty. Company price should be £120 million market cap
I am still of the opinion that share price will hit $1. I know I might sound like an eternal optimist but I was always of the opinion that company would get their ducks in a row before making announcements. I am harping on about that for months and that fy results would be the stage to launch good news from. 4 weeks. Countdown is on.
Guys we have reached the turning point for the next leg up. We will see this breach $0.70 either tonight or Sunday night.