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This certificate has actually got substance. Its for Japan and R&D. Think its a certificate for our new zeolite dehydration membrane
This is following same pattern as last 3 weeks. Tree shake. Combination of profit takers and easing of buying pressure to pick up cheaper shares. Still 5 weeks to get to $1. Dividend is absolutely required. Should have record profits based on workload of 49 contracts in backlog. I think the cost of the ipo will keep profits at close to last years but investors should see that for the 5th yr in a row company has increased profits.
This share rise is exactly what we need. Its slow, strategically planned and consistent. Something tells me that real solid investors are on the hunt and are building position before results. If you look at the pattern its very obvious. Share price goes up drastically and holds for around 2 weeks. Waits for a tree shake to pick up as many shares at that price before rising again. Its almost guaranteed to go to a $1 now before results. Definitely institutions or hedge funds coming in. Its too steady and strategic. This is the beginning of the end for aim legacy. No more daily spikes or day trading. Once this gets to $1 it will stabilise
I said earlier that I am happy at 6.5p upwards. Now we have achieved that. I am expecting with fy 2020 results that we will have in the region of 45/50 million in the bank with future contracts signed also taken into consideration so market cap of £90 million is the value of this company. Thats £6 million fy 2020 results at pe of 15.
As no trading until Tuesday next week. We now have only 6 full weeks left of trading before fy results. All economies are seeming to be getting more bullish about green energy. So I think companies future is bright. I think share price has hit a ceiling. Remember employees last october left go the option of buying shares at 1.5p. Therefore I think at more than 3 times that current we might see a retrace. The inner Mongolian project I am guessing is not happening for cnel or all the other substantial projects mentioned in perspecus. Richard Bennett saying everything is as forecasted does not include these projects because they were never guaranteed. Hopefully with Biden at helm in the USA that these projects will be put back on the table again and announced with fy results. 6 weeks is alot of time to win contracts. So hopefully things will have came more in our favour by then. Something is not right atm with such a crap share price.
I think it will settle here for a big strategy announcement. Getec is the frame of the car. All the components have to be added and at much bigger cost than the car is worth. Also no income or profit from investment for investors for at least 5/6 yrs. If any investor wants a bargain buy cnel shares. They are about to announce record profits, first dividend, huge contracts and a partnership with Mitsubishi chemical Corp for a device that is going to market this yr that has the potential to make company a £billion company. Mitsubishi chemical Corp are worth $7.5 billion. Share price is going to triple in the next 7 weeks. It has increased 70% in the last 2 weeks. Cnel will be Richard Bennetts greatest achievement.
I predicted 28p last week and I got destroyed for it. Guess I was proven right. Getec are only admin in this operation. They have no funds and zero hydrogen expertise. Huge solutions coming here. 100 million required for this company to roll out anything and your current 38 million shares will probably be 1/10 of shares in 2 years time once a hydrogen company and financier is on board there will be 500 million shares in issue. Ye have the right ppl to bring this forward tho.
Nobody in the investment world is coming in here until the size of the share solutions that are coming the way of a company with very little cash and zero hydrogen experience. I am thinking that 25p will soon be tested. I will buy in when price comes below 20.
I am struggling with the excitement. A few long sleepless nights ahead watching the trading over the next 7 weeks. I am sure our anticipation will be rewarded. I think everything will be on display. I am most looking forward to the Mitsubishi chemical Corp partnership. We got a hint of an acquisition somewhere along the line. Wonder what that could be.
Remember that the 49 contracts are going to generate close to £12 million. The inner Mongolian project is worth about 12 million profit.
That coupled with the:
10 million ipo
6.8 million fy 2019
6.5 million fy 2018
5 million fy2017
700k fy2016.
That's close to £50 million in the bank by fy 21.
I think that we are about to see 3 fold increase in next 7 weeks.
By September when the zeolite dehydration device is starting to take effect on the interim results we could be easily looking at £200 million market cap. I cant see it going any other way. Mitsubishi chemical Corp are not getting involved in trials in the dehydration device only that it's a block buster piece of technology.
Richard Bennett just tweeted about cnel for the first time in almost 7 months. He basically said that results are coming shortly and that everything is as forecasted. I think this is a hint hint that those massive contracts in perspecus are in progress. If we landed 2 of those 4 monsters , record profits, dividend, zeolite dehydration contracts signed, collaboration with Mitsubishi chemical Corp then I think its fair to say share price has a multiple of 3 at least to climb in next 7 weeks after tonight!!!!!!! Oh it's on, like a big girls th.ng!!!
Heading for a strong finish tonight. We will be starting next week at $0.60. Just remember that Chinese new year is taking place over the next 2 weeks of trading so traditionally a very quiet time in eastern trading. I am delighted with way this is going. We got our tree shake Last night. Strong proof we are heading higher. Milism I am of the opinion that the bod and extended family own closer to 70%. Aim are definitely gone below 10% now.
I can see + 150 million shares in issue which from this point would leave little wriggle room with current share price. Theres a huge question mark about how much money they need, at what cost and with who's expertise. They might have to bring in a few parties.
I am really annoyed that cnel didn't link up with clarient chemical. I actively tried to meditate this in 2018 when they came out looking for a Chinese partner. I contacted Richard Bennett to follow up with them. They are absolutely flying now building 2g biorefineries. It would have been a great international link too. https://www.chemengonline.com/clariant-and-harbin-hulan-sino-dan-jianye-bio-energy-sign-license-agreement-for-sunliquid-cellulosic-ethanol-technology-in-china/?printmode=1
Its really promising in this article how actively involved in the Ethanol industry the Chinese government have become. They are really backing it.
Hey guys,
Theres no way these hydrogen plants in these 30 locations are going to be functional without a huge investment in funds. Richard Bennett is an excellent choice. The fact that they have to do a share issue doesnt change that. I think that there will be a 4 fold dilution at least.
Remember guys that the share price went to $0.56 when the company announced a share price plan. So I think embarrassing it should be to them that we are still below that price. I think I wont be happy until I see 0.65. That's my base price for contentment. What are they getting at with comment about mingshui project. Theres no way they are talking about a project from 2010 that cne never had fan fare from.
Very interesting news on zkty website. They had a visit from state officials to inspect the company. He praised them for their innovative. He also mentions a ming shui project. I researched this and to the best of my knowledge it's a biomass waste to energy generator built in 2013. Did they do an upgrade there. Its infuriating not knowing. Its like they are teasing us. They also recommended that cnel institutionalized the use of funds. Does this mean they realise cnel have a big war chest and want them to invest in other areas. Very positive anyhow.