STTCOMP LER, FA Long SOI: 184.36M MC: $26.7M @ 14.5c Cash: $574K...

STTCOMP LER, FA Long

SOI: 184.36M
MC: $26.7M @ 14.5c
Cash: $574K at 31 Dec 2016. Raised $2.5m in Feb 2017 via Hartleys.
Leaf Resources - Sustainable products from plant biomass

Time to get back into the tipping game...

WARNING - NOT a medical marijuana company.

About LER - From Company Announcements:
Leaf Resources is commercialising the Glycellprocess. The Glycell Process is an innovative technology that uses a low cost, recyclable, biodegradable reagent glycerol, in a simple process that breaks down plant biomass into lignin, cellulose and hemicellulose at low temperature and pressure. The cellulose is then converted to cellulosic sugars through enzymatic hydrolysis and the lignin, hemicellulose and glycerol become valuable co-products.

Cellulosic sugars are a major feedstock for green, renewable biobased chemicals, bioplastics and biofuels, products whose markets are multi billion dollars in value and fast growing. Many biobased products can now economically replace petroleum based products.

The Glycell process can produce cellulosic sugars at under $50 per tonne when coproducts are included. This compares with $220 per tonne for sugars produced from the conversion of corn starch, the cheapest alternative and $280 per tonne for raw sugar. By dramatically reducing the cost of the main feedstock for bio based chemicals, plastics and biofuels, the Glycell process has the potential to change the face of global renewable production.

Catalyst for Tip: LER recently raised $2.5m through Hartleys to advance their Malaysian and US projects. They have secured partnerships with some of the major players in the biomass sector in Claeris and Novozymes. Discussions have been taking place for a long time with Malaysian government authorities to utilise the large amount of biomass available from the palm oil production process. The recent capital raise concluded early Feb 2017 would have been timed IN MY OPINION ONLY to capitalise on some news in the imminent future as meat for the sophs taking the placement. Hartleys themselves took a large chunk of the raise which to me is a big smoke signal.

Great summary for those interested can be found here:
https://hotcopper.com.au/posts/21289487/single