So_Cynical
The Contrarian Averager
- Joined
- 31 August 2007
- Posts
- 7,467
- Reactions
- 1,469
Trading halt: Regarding the announcement of a MOU (Memorandum of understanding) in relation to the commercialisation of the Hazer process.
Another player on board i would think....find out on Tuesday...it could be a biggy.
With the changes to franking credits imminent, got to try and find a few capital gains.Massive upside and you can only lose 100% so fair deal as the potential win is maybe 1000% if the Hazer process comes to dominate global Hydrogen production.
Nice pick up (self flattery) on Friday purely by fluke or conviction- whatever the SP went up today significantly making me happy. Now the dilemma is what happens with no news, if the market price goes south ????. Does not matter, let me enjoy moment of glorysome of the key items brought my attention:
Holding from this morning
- Uniqueness and potential upside as well risk downside massive way.
- A pilot plant is always a good sign of seriousness and proven method than desktop study
- Did not understand why the CEO sold off his stake if the project has potential (this is a strange but probably he needed money to pay mortgage
) - MIN has put their skin and brought the pilot plant to Kwinana so that they can watch and monitor. Chris Ellison being a hard taskmaster, he will make it happen. (I will not disbelief after buying MIN at $2 and selling at $5 only to learn sky was the limit
- Bought a small parcel today to put into bottom drawer knowing pilot plant will be finished by CY 2018 and then tests could take a year. But if head I win and tell I lose of course.
Nice pick up (self flattery) on Friday purely by fluke or conviction- whatever the SP went up today significantly making me happy. Now the dilemma is what happens with no news, if the market price goes south ????. Does not matter, let me enjoy moment of glory
Good to see interest developing on market and on ASF too on HZR.An interesting stock that I only stumbled upon this evening via another source whilst looking for something to put in this months stock picking competition. Thanks to the other posters in this thread too.
For those interested I found this recent company interview from the RIU good oil conference.
Things that have grabbed my attention:
- MIN invested heavily in it at ~60 cents
- Entering commercialisation phase
- New CEO (Geoff Ward) starting next month
- Apparently no need for any Capital Rising in the near term
- Numerous outstanding milestones, results and potential deals that could eventuate in the next few months
- Results from FEED study potentially only weeks away
Disclosure: Hot held yet but now on the radar.
@So_Cynical - Are you still holding the options to be encashed now ?Entitlement option issue update.
http://www.asx.com.au/asxpdf/20160302/pdf/435jz5dvpgfrkn.pdf
One option for every 4 shares held at an issue price of 1c per option, expiry 31 Dec 2018, share issue price of 30c
Very rarely have i come out of a cheap option issue losing money...keen on these considering the expiry date and price. 30c Dec 2018 seems a fair punt.
Let us see. At this point MIN has shot up 9% but HZR is stagnant on prices. I am holding breath however to see what comes out in near future.I looked into it, but I didnt like the lack of tranparency from management around patents, I believe they have greatly overstated the situation with various patents. Its got a lot of momentum from some of the usual suspects at HC. I decided the risk was too great for a very uncertain upside potential.
But why should you spend another 25 cents instead of letting 5 cents to go, if there is no future.
Mate all good. You have honest intention and that is why we need to listen and share our ideas. There is only ONE Alibaba and one Amazon. Once there are too many Amazons, then the beauty is gone. Look at Kogan. So not to worry. I wanted to have a sounding box and you did pretty well and resilient not to get distracted eitherI have no idea, I have enough trouble working out what to do myself without worrying about the motivations of others!!
I wasn't criticising your decision to invest, just sharing that I had looked into the business, but didn't find it investible. It may well prove to be the next Amazon and I will look very silly!
Its always hard with these sort of speccy tech businesses, there are so many of them and most will disappear up their own narrative, but if you can pick one of the winners there are obviously huge gains to be made. Good luck with HZR.
I agree with you, a lot of promises, not much substance as yet.I looked into it, but I didnt like the lack of tranparency from management around patents, I believe they have greatly overstated the situation with various patents. Its got a lot of momentum from some of the usual suspects at HC. I decided the risk was too great for a very uncertain upside potential.
there are so many of them and most will disappear up their own narrative
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?