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Huge news on zkty website. They won a safety award back in September. That will make me sleep so much better tonight. : )
Hey guys. Not a shareholder here. Just coming on to tell ye a thing or 2 about Richard Bennett. He is a really good guy. I am a shareholder in cnel and I have had a decent amount of communication with him down through the years. He is super smart. He really is a guy heading into the super rich category. Everything he touches turns to gold. Ye should be very happy to have him on board. I hope we don't lose him from cnel. A real genuine guy.
I did say he was very interested in hydrogen lately on Twitter. I think he will walk from cnel at fy results. Very unlike him to stop communicating. I think he personally got fed up with Chinese and ipo. Apart from that. He was very good ned before ipo. Very helpful. I wish him all the success in his new role and I might dip my toe into getec in the near future. I have been researching it for the last 2 days and it's a field of unbelievable potential.
https://www.forbes.com/sites/salgilbertie/2021/01/27/us-producers-come-to-the-rescue-as-china-begins-to-import-ethanol/
Looks like china is staying committed to E10
Hey guys, huge amount of news regarding ethanol buys from USA in January. The Chinese energy regulator urged Chinese refiners to keep up their levels of ethanol blending. This instruction was given on the 31st December. Huge news for ethanol industry with the Chinese 5 yr plan just months away.
https://www.oilandgas360.com/china-bought-about-200-million-gallons-of-u-s-ethanol-for-first-half-2021-adm/
I would say definitely. Cant but think the bod want to get rid of aim day traders before really kicking on with developing the company and share price. It's the first hurdle that the bod are waiting to get over. That was my opinion back in june before ipo and Richard Bennett came out after ipo and said share price sank because of the ominous selling from aim holders. I would be happy with $.80 in this calendar year as for us long holders 1.2p was the mainstay for best part of 4yrs. February 2019 this share went to 0.88p one Tuesday. I nearly had a heart attack. So at least we are 5 times that now.
Aim was day trading. I see huge results in q2 results in September. I think the companies prerogative is not share price for ppl to sell out. No use for the company. Anyone reading this board would know that 80% of ppl here want to sell and run. September should see a better turn over from the high commodity zeolite dehydration device. I am very excited to see the profit margins on them. Either way all is good I personally feel.
Are you retaining your shareholding in cnel post results.
I am lost on how you think cnel will lose business by not sharing technology. Most ethanol production in China is state owned. Therefore the government will be putting forward this technology and it's a small target audience. You have to trust that the directors are keeping all this information for the future good of the company. Now you complaining daily on here hasn't changed it and won't change it. After this Friday we have approximately 8 weeks to wait. Throw in 2 disrupted weeks for Chinese new year and that leaves you with 6 weeks. I have been of the opinion since before Christmas that all will be kept until fy results and I think I am right. Plz stop banging on about pr because it will not happen until official announcements are made. Let's keep the anger for when we have the full story. Going by bri investment I think we can all be assured that the inner Mongolian project got the go ahead.
Good work on getting a reply from ivy about fy results in March. I asked Richard Bennett on Twitter last night and no response. I think we have all got to manage our anxiety and impatience. I am managing it by leaving phone at home and out of reach. Beers and champagne in September. We have to meet up if all this goes astronomically over next 8 months.
Richard Bennett tweeted this article today
https://www.ft.com/content/8ec30baf-69e9-4d73-aa25-13668dcb659f?desktop=true&segmentId=d8d3e364-5197-20eb-17cf-2437841d178a&s=08
It shows the level of investment in renewables last yr. Ethanol isn't included in the article but significantly the bri is discssed. Remember the 1.5 generation technology cne are involved in is for the purpose of the bri. None of the bri countries have a mandate for blending. Therefore expect mandates in those countries. ****stan is already over producing sugar. So expect these countries to follow India's lead.
I am pretty sure cnel had to be very careful writing that news article. It was for current investors piece of mind rather than future investors as they will soon here all about this in financials. They had to be careful not to let cat out of bag as Mitsubishi chemical Corp is a publicly floated company. It was released at Christmas I think as a piece of good will and reassurance.
Predictions for tonight. I am guessing 5% increase and then flat for a few days. 30% increase today was better than any rns in hk. Loads of financial analysts looking through cnel books today. A circuit breaker would have signalled for cnel today. 30% up or down in China sets off an alarm. If a drop of 30% that alarm ceases trading in that company for a period of time.
Good posts simms45. I must say this board has been like a counselling program to deal with lack of activity in news and the unknowns.
I respect everyones views and I hope all investors are going to make a handsome profit in the coming weeks.
I agree with everything you said there Simms. Only I disagree with pr around cnel losing it business. They have entered into a national development project with 5 university's. They are on the brink of a collaboration with a $7.5 billion company Mitsubishi chemical Corp. Therefore I think there reputation must be top in china and internationally with Mitsubishi. 49 countries in backlog. They have plenty of work.
The zeolite dehydration device is probably very expensive piece of tech, highly profitable and quickly installed. I have done a lot of research on it and if cnel sold it to a company then all they would be doing is installing it in the existing pipework. I would imagine 2 days and job is done. Validation and commissioning would be the most time consuming. Therefore cnel profits will increase dramatically.
The national development project regarding 1.5 generation technology will be the first of its kind if successful. Therefore cnel will have bag loads of work from that as well. I am firmly of the belief that cnel has proven the zeolite technology is effective and will make it £500 million company over night.
I predicted that the company would have to have a mandate to stop aim shareholders tanking the share price once certs were issued. Richard Bennett even tweeted the same in response to disastrous ipo. As frustrating as it has been. I said months ago that they will need to accumulate a mass of good news to get a meaningful boost in share price. 1 that generates enough interest to buy out aim investors at a price that then becomes the new basement price. I think everyone on here has already stated that they are jumping ship in March/April. So hopefully you will all get out at s decent price and not tank share price for the rest of us.
A share price is never going to increase substantially when everyone wants out. If the bod were drip feeding rns it would be same result as aim. 80% increase today and 3 days later back to original share price. Doesn't matter if your apple, Tesla or cnel. You need shareholders to be in for the long haul. Loads here saying that they want out when share price rises means they won't be on this chat forum anymore. It's not me being negative. I am just stating facts.
Apart from this. What a great day to be a cnel shareholder. I will be very happy if we see $.80 in 2021
I think this chat forum will have an exodus around 1st of April. I hope it does. Ppl here are only worried about a quick buck. Bod understand that and that's why theres silence. Why feed investors with continuous rns when all they want to do is day trade it to death. I will sell a tiny slice in next 2 months but I think the next 2 years will see this company really evolve.
Plz no negativity here today. I predicted last week that company will be in mid teens in April. I think this has to be an institutional investor. It's over 3% of the company traded. I think the further up it gets the less shares will become Available as ppl from aim will be glad to sell and run. I think apart from the aim ppl. 90% of the company is owned by very small amount of ppl. They will be holding for $2 +.
I have checked 20 long term hk listed companies. All in before April. Without exception. Hence cnel putting theres 26th of March last year when it was traditionally end of june.
Hey guys, I received a response from Ivy. She said that the salaries of Mr. Yu and Mr. Tang stated in our recent posts are incorrect. She referred me to page 281 of the hk prospectus. She also said HKs disclosure rules and procedures are different from those of London, so the company like many other companies, only publishes statutory information on a regular basis on the HKEx website. If you want to know more about the company please visit the Zkty website for company information she said.
I am happy with that. Looks like it's time to just sit and wait for fy results. 9 weeks tomorrow we should know. I am going to stay off this until something of significance happens. I think we are all giving each other unwanted anxiety. I am still firmly of the opinion that this company will deliver great results, dividend, new contracts and exciting mergers/acquisition or new technology that will be block buster. I am seeing mid teens in 10 weeks time. If I had money to invest I would be all in right now.
I do think they are building a big treasure chest of contracts, profits new technology for a monumental rns to drive share price up to mid teens. I just want to make sure directors know we have the ability to throw spanner in the works if fy results don't reward shareholders in share price increase and small dividend. Chinese new year is 3 weeks. Nothing happening in regards announcement until that is out of the way. Then we are 5 weeks from fy results. There are currently over 30 ethanol plants in usa idled due to corn prices making ethanol non competitive. If cnel zeolite dehydration device works like they say it does then potentially the 200 ethanol plants in usa will only need 80% of the current corn. This will inevitably drive price of corn down and make E20 more accessible to countries like china and usa. Therefore zeolite dehydration device could and should drive cnel share price by factor of 50. I am taking a break from this until some form of announcement. Beers and champagne will hopefully be a topic of conversation by 1st of April. Hold faith and stay safe.