Uptrend update

SDV started to rise once more with the troops, obviously some buys are starting to flow through as before, what is the reasoning for the buys. Could be just traders, people taking position as the company has a real strong cash position and sales pipeline. I don't think the Prosol acquisition has really been factored into the price as the acquision was a masterstroke that has cost them stuff all but opened some big doors - we should hopefully see some new deals hopefully soon.

And as they say the low shares on issue this one has become a quiet little gem.
One more nice deal and she may blow!

Maybe the rise is due to the potential of the below summary from previous announcements or someone is in the know can't keep a lid on things all the time there is always a reasoning for buying:

Oil and Gas
Field evaluations are now complete, and the Company is pleased to announce that the technical hurdles have been exceeded. SciDev is in active discussions with its key end customer about strategies to advance our commercial relationship and maximise the synergies between the two companies in this USD $2.5b market

Construction
During the September quarter, the company was invited by several new potential clients to support clay and water management processes associated with tunnel boring machines (TBM). The treatment of the TBM slurry requires SDV MaxiFlox® technology to enable effective dewatering and separation of the solids in addition to returning clean water. The first industrial trials have commenced, with orders for SciDev chemistry of approximately AUD $50,000 received in October.

Metallurgical & thermal coal
SciDev hasrecently secured supply of its MaxiFlox® chemistry to another coal producer in the southern area of the basin.
The acquisition is opening new sales channels into the NSW Hunter region as anticipated and new customer wins are expected to occur over the remainder of the financial year.

Base metals
During the current quarter an order has been received for SDV MaxiFlox® chemistry for use at an established copper mine in central-western NSW, focused on improving water recovery and density in the processing circuit. Significant water recovery improvement (~20%) has been achieved.

Precious metals
During the current quarter, first trial orders totalling AUD $147,000 were received from a major gold operation located in the Enga Province of Papua New Guinea. The order represents the first utilisation of SciDev’s MaxiFlox® chemistry in the gold industry and has the potential to be a large growth area for the company.

Nickel
The company is in negotiation of commercial terms with a nickel laterite producer based in New Caledonia. The nickel laterite sector provides a large chemical opportunity for the company.

Mineral sands
During the September quarter the Company signed a major supply contract with Iluka (ref ASX 30 August) for SDV’s MaxiFlox® chemistry for an initial three-year period, with the contract expected to deliver AUD $8–12m over the duration

Acquisition of Prosol
Settlement of the ProSol Australia acquisition (ref ASX announcement 22 October) is proceeding smoothly and opening new sales channels into the NSW Hunter region, as anticipated.

Update
SciDev sales for Q2 FY20 quarter to date are currently AUD $1.67m, taking total FY20 YTD sales to customers to AUD $3.95m with cash receipts of AUD $2.36m.
SciDev Limited (ASX:SDV; SciDev, or the Company) is pleased to advise that it has achieved total sales of AUD $3.95m so far in FY2020. The YTD FY2020 sales are already 35% above the total FY2019 sales figure of AUD $2.92m, reflecting the growing level of acceptance of SciDev technology amongst our customer base.

Cheers

M.oz