CXL - Calix Limited

[Dona Ferentes]

we have Calix, which is a sustainable material processing player. Its share price skyrocketed 546% in 2021.Is it a buy, hold or sell?

and retreat from $7.00 to $5.00 in the last two weeks. High priced tech stock sell-off?

My tip for Feb comp..

 

[Dona Ferentes]

and retreat from $7.00 to $5.00 in the last two weeks. High priced tech stock sell-off?

Half Yearly out today. Nothing earthshatteringly new (to my unsophisticated eye)

Financial Highlights:
• Total sales revenue grew by $0.6m on the previous corresponding period to $9.8m (1H FY21: $9.2m), with US gross margins growing from 31.4% to 36.4% pcp.
• Strong balance sheet and cash position ($26.3m as at end-December, with a further $8m in grant income due this FY) supports continued investment in accelerating commercialisation.
• As budgeted, an additional $6m+ was invested in people, capital and external advisory during the half. Operating loss of $5.2m (1H FY21 +$3.2m) reflects this additional investment but remains supported by the cash position.

Calix continued to develop its core technology platform, from which the Company is developing several multibillion dollar global business opportunities.

Commenting on the half-year results, Calix’s Managing Director and CEO, Phil Hodgson, said:

“FY22 is the year we accelerated on technology development, given the growing tailwinds that have transformed the financial markets since early 2021. As a result, we have invested aggressively in people, capital and external expertise. This is starting to pay off. The investment by Carbon Direct into our cement de-carbonisation technology in September ratified this strategy, providing look-through value into just one arm of our business. The opportunities continue to build across all our lines of business, and we are well resourced and positioned to capitalise on them.”

after some selling the first few minutes to sub $5, the shares have rallied all day, and now up 10%

Might even offer some redemption as it is

[m]y tip for Feb comp..

(will see how the 4.10 action goes)

 

[Dona Ferentes]

My tip for Feb comp..

and as the Outlook used some nice words, I will tip CXL for the March comp.

The Company will continue working towards the FY22 targets across each line of business. Particularly, with a rapidly growing pipeline of opportunities in the CO2 and sustainable processing business, there is significant potential to convert existing relationships into licensing / project agreements, which Calix anticipates reporting in the near term........

"With many mineral and chemical processes requiring heating in a kiln, Calix’s electric Calix Flash Calciner (CFC) technology is a comparable yet sustainable option for when alternative or renewable power is desired. Electrification and use of renewable energy is a growing focus of many industries.
"There have been a multitude of inbound enquiries, and application development is now progressing in at least six new areas – long-term energy storage, spodumene processing, refractory production, “LC3” cements, alumina, and now iron and steel production."

 

[Dona Ferentes]

bit of a tax driven strategy here, I'd reckon!!​

​

Course of Sales​

Course of sales table

Time	Price $	Volume	Value $	Market	Condition
4:51:22 PM	7.010	118,794	832,745.940	ASX	LT XT
4:29:09 PM	0.780	118,794	92,659.320	CXA	LT
4:10:34 PM	7.010	3	21.030	ASX

 

[Dona Ferentes]

The bots have been busy on both sides for weeks, and today saw 14,400 trades and nearly 10 million shares exchanging including, at 4:10pm, more than 6 million CXL shares changing hands at $7.30, the high for the day (and a 5 month high)

 

[Dona Ferentes]

I didn't think there was any doubt, but now its official

Calix Limited is pleased to announce that LEILAC-2 has passed the Financial Investment Decision milestone.

Highlights:
• The Calix lead LEILAC-2 project has passed its Financial Investment Decision (FID) to build a plant capable of capturing 20% of a cement plant’s CO2 at very low cost, which will be integrated into HeidelbergCement’s operational plant in Hannover, Germany.
• Supported by the EU’s Horizon 2020 scheme, the Calix design is for a new type of capture technology, designed as a retrofit, scalable module, that aims to use alternative and renewable fuels.
• This FID milestone has been achieved despite the complications arising from the global pandemic and Russian invasion of Ukraine. We are now proceeding with detailed design, purchasing long-lead items, and expecting to commence construction in 2023. There remain key project risk flag points prior to purchasing major components, given the market situation.
• The LEILAC approach is designed to enable a green and just transition to a low-carbon future with the objective of strengthening local industry and maximise the use of local resources – while addressing climate change.
• This first-of-a-kind modular retrofit, aiming to address a cement plant’s unavoidable emissions, is aiming to ultimately separate CO2 for a cost of €20 to 25 per tonne of CO2.
• The LEILAC-2 plant is located at Hannover, providing a potential testing and backbone for future use and offshore storage options, and an excellent opportunity for decarbonising central European industry.
• The LEILAC-2 Project Consortium includes HeidelbergCement, Calix, CEMEX, Cimpor, Engie, IKN, Lhoist, and other global research and governmental partners.
• Critical global climate change targets have been committed to for 2050, with the IPCC assessment reports emphasising the need to accelerate the deployment of all CO2 mitigation technologies, and it is hoped that LEILAC can play a key role.

 

[Dona Ferentes]

From a close last night at $6.96, Calix opened after the Announcement at $7.21 and had a strong early lift to 7.50 . It has been basically up, up since then, a pause around $8.00 and as high as $8.14.

Will the ATH of $8.20 (intraday) from last October be breached or will a double top form?

.... Update a few minutes in; CXL sitting just above $8.00 after first real pullback of the day

 

[So_Cynical]

Closed $8.05 a hell of an up day, todays announcement even made the GlobalCement news.

LEILAC-2 carbon capture project given go-ahead to commence construction in 2023

LEILAC-2 carbon capture project given go-ahead to commence construction in 2023

www.globalcement.com

 

[Dona Ferentes]

Closed $8.05 a hell of an up day, todays announcement even made the GlobalCement news.

The close was strong, and EoD was above last year's.

It's got to be one of the contenders. The global situation is cause for worry, though.
"Calix added that, due to a number of project risk flag points given the 'market situation,' it will not buy major components until closer to that time (2023)."

 

[Dona Ferentes]

The close was strong, and EoD was above last year's.

Closed $8.05 a hell of an up day,

Every time there is a bit of a run, pushing to/ past $8.10, we then see a bit of selling. And CXL has done this 3 times, four if the strong closing price action is included, since yesterday's 15% lift.

So, a short term response; I sold 10% of my holdings, some 2800 shares acquired in the SPP at $2.00, for $8.08 this morning.

Now with Free Carry and a ten bagger

 

[Dona Ferentes]

Market sensitive but not market moving ... up 1%

Calix is enthused about its process having an application with Pilbara PLS. Scoping study work was done by Lycopodium LYL

• Using Calix Limited’s (ASX:CXL) flash calcination technology, test-work has confirmed high calcination conversion rates (>95% for alpha to beta spodumene phase transformation) using fine flotation spodumene concentrate1 produced from Pilgangoora.
• The contained lithia content of the product is expected to increase from ~5.7-6.0% in spodumene concentrates to >36% in lithium phosphate salts, thereby optimising offshore product logistics, reducing associated carbon emissions, and minimising waste in the destination market.
• Scoping Study undertaken by Lycopodium Minerals has confirmed the technical viability of the Mid-Stream project to deploy a novel calcination technology and integrated chemical concentration process at the Pilgangoora Operation to produce a new endproduct, with the preferred product at this stage of study being lithium phosphate salt.

 

[Dona Ferentes]

The close was strong, and EoD was above last year's.

Good strong action today for CXL which closed on day, year and all-time high of $8.94.

Apart from the usual 'bots nibbling away, a couple of clean-outs were the highlights for the day. A dump into early strength took it from 8.65 to 8.45 early on then, around 1pm, a buyer took it from 8.60 to 8.80. This held until close to 4pm, with growing volume pushing it to the new high.

 

[So_Cynical]

Did some more selling early last week as i needed to finance a new car/ute, thus this is the vehicle that Calix paid for....thanks Calix.
~

 

[Dona Ferentes]

Did some more selling early last week as i needed to finance a new car/ute, thus this is the vehicle that Calix paid for....

Nice ride.

 

[Dona Ferentes]

bringing the tech here

Calix, in collaboration with Boral Limited (ASX: BLD), announces a carbon abatement project with $30m in funding from the Australian Government’s Carbon Capture, Use and Storage Hubs and Technologies Program.

Highlights:
• Boral to receive $30m to develop a CCUS project at its cement and lime facilities in the NSW Southern Highlands, targeting 100,000 tonnes per year of CO2 capture.
• Calix will be supplying its Low Emissions Intensity Lime and Cement technology to the Project.
• The Project will be developed in three phases:
... o The initial feasibility assessment phase will focus on a Basis of Design, commercial agreements and assessment including CO2 use options
... o Phase two will concentrate on Front End Engineering and Design leading to a final investment decision
... o Phase 3 will involve detailed Engineering, Procurement and Construction leading to commissioning and operation

 

[Dona Ferentes]

Is it in a marginal seat? Electoral Ann today?

 

[So_Cynical]

bringing the tech here

Calix, in collaboration with Boral Limited (ASX: BLD), announces a carbon abatement project with $30m in funding from the Australian Government’s Carbon Capture, Use and Storage Hubs and Technologies Program.

Highlights:
• Boral to receive $30m to develop a CCUS project at its cement and lime facilities in the NSW Southern Highlands, targeting 100,000 tonnes per year of CO2 capture.
• Calix will be supplying its Low Emissions Intensity Lime and Cement technology to the Project.
• The Project will be developed in three phases:
... o The initial feasibility assessment phase will focus on a Basis of Design, commercial agreements and assessment including CO2 use options
... o Phase two will concentrate on Front End Engineering and Design leading to a final investment decision
... o Phase 3 will involve detailed Engineering, Procurement and Construction leading to commissioning and operation

Sounds like a LEILAC-2 type installation? a first for the Aussie cement industry thus giving Boral a green advantage over the others.

 

[Dona Ferentes]

another day another grant

$20M AUSTRALIAN GOVERNMENT MODERN MANUFACTURING INITIATIVE GRANT AWARDED

KEY POINTS
• Pilbara Minerals, with its project partner Calix, has been awarded a $20 million grant from the Australian Government under the Modern Manufacturing Initiative - Manufacturing Translation Stream, supporting the further development and demonstration of the proposed “Mid-Stream Project”.
• Grant funding will be used as part of a Joint Venture to be entered into between Pilbara Minerals and Calix for the progression of a demonstration scale chemicals facility at the Pilgangoora Project - with the aim of producing lithium salts for global distribution via an innovative midstream “value added” refining process.

 

[Dona Ferentes]

another day another grant

and a hiatus of a day, then 2 bits of news today ($7.12 ; up 1% on a down day)

1. Received a payment of $5.19m from the Australian government associated with its R&D tax incentive claim for the 2020/2021 financial year.
2. Awarded a $11m grant from the Australian Government’s Carbon Capture, Use and Storage Hubs and Technologies Program to develop the world’s first commercial-scale process for the manufacture of low emissions lime with Adbri (ASX: ABC).

 

[Dona Ferentes]

Market sensitive but not market moving ... up 1%

Calix is enthused about its process having an application with Pilbara PLS. Scoping study work was done by Lycopodium LYL

Key commercial terms agreed for a Joint Venture following award of A$20 million Federal Government Modern Manufacturing Initiative Grant

• Pilbara Minerals and Calix have agreed key commercial terms for a JV in an updated binding Memorandum of Understanding
• The MoU contemplates the JV will be established for the potential development of a demonstration plant at the Pilgangoora Project with the aim of producing lithium salts for global distribution via an innovative midstream “value added” refining process utilising Calix’s patented calcination technology, as well as for the potential future commercialisation of the process.
• Upon formation of the JV, participating interests will be 55% Pilbara Minerals and 45% Calix with each party funding their share of operating and capital costs and licensing their technology into the JV.
• Calix will have a 10% in-kind contribution recognised on budgeted estimated construction costs of the Demonstration Plant in return for Calix providing an exclusive, worldwide, royalty free licence for its innovative calciner technology to the Joint Venture for lithium processing applications.