CXL - Calix Limited

[System]

Calix has developed a patent-protected, platform technology that produces new materials and processes, targeted at solving some significant global challenges. The core technology platform is a reinvention of the kiln process, which can produce high purity, high surface area products that have high levels of reactivity.

Calix commercialises these new materials and processes via a variety of business models including direct sales of products, licensed distributor sales, and licensing of the technology. Calix is building a global business and has operations, customers or distribution partners across Australia, New Zealand, Asia, Europe and product trials starting in the United States of America.

It is anticipated that CXL will list on the ASX during July 2018.

https://www.calix.com.au

 

[So_Cynical]

Floated at 53c last week and now pushing through 95c a spectacular opening and an interesting business, an alternative tech play.

 

[So_Cynical]

IOOF becoming a substantial hold ann out yesterday, they have been busy buying and selling.

 

[So_Cynical]

SP has been bean up a little recently, same as many stocks this month, the good news flow is reasonably consistent with Calix and a bounce would not surprise, the recent European grant ann was good.

 

[So_Cynical]

Been support at the 80c level over the last 5 weeks or so, so many avenues for Calix to get extra sales and revenue, The web site is very active with news and developments, kept well updated.

https://www.calix.com.au/issue_28.html

 

[mcgrath111]

Been support at the 80c level over the last 5 weeks or so, so many avenues for Calix to get extra sales and revenue, The web site is very active with news and developments, kept well updated.

https://www.calix.com.au/issue_28.html

@So_Cynical you appear to be following this stock some what closely. I like what the company offers and the potential it has, particularly as to its marketing toward Europe. My concern is long term debt appears quite high, especially given the possibility of a rise in interest rates. Do you think debt is a major factor playing in the downward trend?
Cheers,

 

[mcgrath111]

Any one know why the prospectus FY17 numbers are different to the FY17 annual report figures? - Particularly looking at core revenue, numbers are off by more than a rounding error.

 

[So_Cynical]

Intra day high of $1 so far and could set a new closing all time high, the last few announcements have been positive with the Battery
grant funding in Aust and the CO₂ capture/cement project in Europe, the tech revolution isn't all software, CXL flying under the radar.
~

 

[So_Cynical]

2 weeks ago Calix traded at over $1 and now under 74c post FY accounts release, core product sales have fallen and thats not
good however the SOCRATES project https://socratces.eu/ the BATMn reactor and LEILAC are positives with great potential.

 

[Dona Ferentes]

Calix-led Consortium to be awarded €16m (A$26.5m) in funding for the commercial scale-up of its CO2 capture technology, as the EU declares a “climate emergency”. The pilot plant should be ready for operation during 2019 and will be test run for up to 2 years to demonstrate the technology.

The grant will fund the construction of a 100,000 tonne per annum input capacity processing plant that aims to demonstrate, at commercial scale, the ability to radically reduce CO2 emissions from the lime and cement industries – large global emitters of carbon dioxide.

and AustralianSuper has taken a 5% holding (08 Dec)

 

[Dona Ferentes]

Joining Calix and HeidelbergCement in the LEILAC 2 consortium are industry partners Cimpor-Industria De Cementos, SA., Lhoist, Port of Rotterdam and IKN GmbH, as well as research partners including the Centre for Research and Technology Hellas, the Federal Institute for Geosciences and Natural Resources, Polytechnic University of Milan, ENGIE Laborelec and the Royal Belgian Institute of Natural Sciences.

LEILAC 2 project objectives include:
• Construction of a 100,000 TPA demonstration plant that will aim to capture around 20% of a full-scale cement plant’s process CO2 emissions, equivalent to 100% of a large lime kiln’s process emissions, for minimal energy penalty other than compressing the CO2.
• Successful demonstration of up to a four-times scale-up of the technology for around twice the capital cost of the LEILAC 1 facility, confirming cost-efficient CO2 capture for the lime and cement industries.
• Prove the effective retrofit and full integration of the technology into a cement plant’s operations.
Demonstrate the efficiency and stability of the complete cement-kiln process and high-quality clinker output when integrating Calix’s CO2 separation technology.
• Showcase a modular, replicable, retrofit design for accelerated commercial deployment that delivers flexible scalability for varying operation size and configurations, agility to adopt the technology and decrease emissions progressively, and a broad range of options for captured CO2 utilisation and sequestration. These factors can eliminate the need for large capital expenditure and significant asset write-downs.
• Demonstrate the operation of direct separation kilns for lime and cement using renewable sources of energy such biomass and renewable sources of electricity, bringing the running of the plant to net zero CO2 emissions and enabling a move away from high-carbon emitting gas or coal-fired plants.
• Enable lime and cement kiln processing plants with a cost-efficient solution to effectively use intermittent renewable energy sources, with rapid ramp up/down rates leveraging electricity and load balancing techniques for grid stability.

LEILAC (Low Emissions Intensity Lime And Cement) technology is based upon Calix’s patented direct separation “calcination”.

 

[Dona Ferentes]

Been some buying into Calix, off the lows around 75c and hitting high 80's today

 

[Dona Ferentes]

A few nervous Nellies sold but soon disappeared, when Calix announced.

Managing to grow revenue. A long slog though, to be a player

 

[Dona Ferentes]

This [Co2 reduction] is clearly a mid and long-term issue which is absolutely relevant for us as a company, but also for us as an industry”

Dominik von Achten, CEO, HeidelbergCement AG [global building materials company]
.
.
I hope CXL can be a beneficiary. For an 'early days, gotta keep an eye on cash' company, it has weathered the recent conniptions fairly well. Some large licks going through if put up for sale, I noticed.

 

[Dona Ferentes]

Scientists find way to make mineral which can remove CO2 from atmosphere
(2018 - talking about Magnesium)
https://phys.org/news/2018-08-scientists-mineral-co2-atmosphere.html

China’s share of global magnesium production has increased markedly over the last three decades, from 5% in 1993 to 80% in 2018. The increase was driven by a Chinese surge in construction, which led to huge increases in magnesium demand. This demand was met by intensive exploitation of China’s reserves of ore and other natural sources of magnesium, which are the second largest globally after Russia’s. China then began large-scale export, at prices that soon undercut almost all global competition....

- found on pp31-33 of "Breaking the China Supply Chain: How the ‘Five Eyes’ can Decouple from Strategic Dependency":
https://henryjacksonsociety.org/pub...-eyes-can-decouple-from-strategic-dependency/

Since 2017, growing environmental pressure on Chinese production has led to a fall in global magnesium supplies. In parallel, the prices of magnesium ores show a gradual increase. This may benefit Australia, which has the world’s fifth-largest share of magnesium ores. It is likely to increase exports of magnesium precursors, and perhaps in due course to start selling magnesium made using low-carbon retrieval processes.

Australia has potential to be leading supplier of magnesium precursors

Australia extracts approximately 500,000 tonnes of magnesite each year, or around 2 per cent of global output. More than 90 per cent of Australian magnesite output is produced by QMAG, which is owned by Sibelco. The company holds a deposit at Kunwarara in Queensland, and produces finegrained monocrystalline nodular magnesite. In Victoria, Calix produces magnesium hydroxide using magnesite raw materials mined in South Australia. Causmag also produces high-purity magnesium oxide powder using output mined at Thuddungra in NSW.

pp 33-36 .. Outlook for selected critical minerals in Australia 2019 report
https://www.industry.gov.au/data-an...ed-critical-minerals-in-australia-2019-report

now, Calix has its own Magnesium Carbonate source, a mine in South Australia (JORC proven and probable reserve 466kT + Indicated Resource 392kT - "one of the largest MgCO3 deposits in the world"). The (patented) Kiln isn't linked to Mg production as much as Magnesium Oxide (CO2 mitigation) and to Magnesium Hydroxide (water treatments / remediation)

 

[Dona Ferentes]

I have been noticing some steady buying for CXL; AustralianSuper have lifted from 5.08% to 6.08% over the last while.

now the notice is out, the Buy-Sell dynamic might change?

(hold; added at 71c a few months ago)

 

[Dona Ferentes]

The successful acquisition in December 2019 of US-based Inland Environmental Resources Inc. contributed significantly to growth ($9.7m), along with organic Sales Revenue growth of 34% to $4.4m compared to the prior year or previous corresponding period.

Significant progress in CO2 carbon capture for cement and lime:
o LEILAC-1 PILOT PLANT successfully commissioned mid-2019, and test runs since have proven the technology concept, and increasing operational robustness and throughputs.
o LEILAC-2 COMMERCIAL DEMONSTRATOR (four-fold scale-up of LEILAC-1) received €16m (~A$27m) in EU funding in December 2019, and a further €18m (A$30m) in cash and in-kind committed from industrial partners, as final project agreements were executed in March 2020.

Calix’s aquaculture water treatment product, AQUA-Cal+ achieved 110% YoY growth in H1 FY20, although H2 was impacted by COVID-19 especially in China – overall a flat year compared to pcp. Development in freshwater lake remediation continues its positive progress.

Calix signed Material Transfer Agreements with four multi-national crop protection companies for BOOSTER-Mag. In August 2019, one of Europe’s largest suppliers of sulphur-based fertiliser and crop protection products, Afepasa, signed a 10-year distribution agreement, which was ahead of our expected commercialisation schedule.

Significant progress was achieved with advanced batteries with the construction of the new BATMn reactor and the announcement of the Calix-led CRC-P for Advanced Hybrid Batteries with $3m in funding in August 2019.

Total Revenue and Other Income up 75% to $A24.4m
Core Product Sales up 327% to $A14.1m
Other Revenue down 2% to $A10.4 m
EBITDA ....... up 224% to 1.5m

Strong financial position with a closing cash balance of $11.1m, cash flow positive, zero debt and with significant pipeline of grant funding to execute further R&D.

 

[Dona Ferentes]

significant confidence in the Company, shown by investors today, with the results Announcement. (sellers will appear, but, hey; took an hour or so for the buyers to appear !)

5 day chart, 1 minute

 

[So_Cynical]

All boxes ticked in today's announcements, sales revenue up 327% from 3.3 million to 14.1 million (rounded up) operational profit up 224% with
debt down 91%, excellent performance reflected in the SP with shares now trading at the upper end of the all time chart, covid just a distant blip.

 

[Dona Ferentes]

All boxes ticked in today's announcements, sales revenue up 327% from 3.3 million to 14.1 million (rounded up) operational profit up 224% with
debt down 91%, excellent performance reflected in the SP with shares now trading at the upper end of the all time chart, covid just a distant blip.

thinly traded ... Some 3x100,000 shares went through at 89.5c as a crossed trade NXXT. Seller had confidence to wait for the FY numbers,; buyer had confidence the FY numbers auger well for future.