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Options Conversions, page-17

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sholtz

2,158 Posts.

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22/07/17

18:53

Post #: 26023314
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Originally posted by sholtz ↑

Firstly a big thank-you again to all that have put up their hard earned in converting their options, and then to those that are taking up the elf.

The company surpassed (by 14%) its target of 20% conversions for working capital for the next 18-24 months. Cash inflow target was $4.6m, and $5.25m was realized through conversion. Combine this with the expected high take up of the ELF and the company's working capital needs for the foreseeable future are assured. This outcome should not be underestimated because as we grow the need for extra resources is now affordable.

The misdirection attempt by others is just smoke, the outcome of the conversion and elf take up speaks for itself, the sentiment change is obvious by these actions and the share price will react accordingly as the targets are hit. We have an ambitious management team with major shareholders supporting with high expectations of favorable outcomes for all shareholders.

I noticed the first commercial contract in the BM update went by virtually unnoticed , whilst it is only for an initial 3 months it is significant as the hot trial obviously hit or exceeded expectation to go ahead with supply. Now before anyone jumps up and down that it should have been highlighted we all need to understand that we are receiving RnD rebates so it's obviously not in the best interests of anyone, at this stage.

With the Bacchus Marsh HVTF now at 15,000 TPA we can assume revenue of at least $6m as we all understand the demand is there for a solid fuel alternative with the surging gas price.
Bring on the additional upgrades!

Make no mistake, our future is very positive.

All the above is IMO and from my understanding the state of play.

Expand

Getting ahead of myself, it should read.

With the Bacchus Marsh HVTF now at 15,000 TPA we can assume revenue of at least $3m as we all understand the demand is there for a solid fuel alternative with the surging gas price.
Bring on the additional upgrades!

$6m is what it will grow to after further upgrades are completed at Bacchus Marsh.

ESI Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $9.515M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$5.905K	1.968M

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No.	Vol.	Price($)
35	22324363	0.2¢

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Price($)	Vol.	No.
0.3¢	7794041	3

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No.	Vol.	Price($)
34	22071688	0.002
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Price($)	Vol.	No.
0.003	7794041	3
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Options Conversions, page-17

Westgold sets its sights on top five producer status through merger with Karora

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

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Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Venture to sniff out high-grade REE targets at Jupiter project, WA

Is oil undervalued?

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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Buyers (Bids)

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Options Conversions, page-17

Top Stories

Westgold sets its sights on top five producer status through merger with Karora

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Venture to sniff out high-grade REE targets at Jupiter project, WA

Is oil undervalued?

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News