In anticipation of next update, due soon.
BUY (posted in absence of the availability of the recommendation buttons above: I thought this problem may have been addressed in yesterdays shutdown, but, no !)
I think the story about the technology has been out in the wider world for a long time, the question has always been, can this company actually use it to make money, and the answer so far has always been a resounding, No. Maybe this time it will be different (but maybe not).
I was half expecting this rise when I noticed the 50-day moving average had crossed above the 200-day one, a bullish sign for chartists. Could well be just traders looking to make a quick profit.
But, whatever our views, I think we're all hoping it might be sustainable this time.
I was referring to the whole HYR story, Callum. The patented process, the carbon credits, the green credentials created by recycling, the huge implication for the whole oil industry (unless youre burning it to heat your house or make electricity, etc, you can recycle). The sooner this message gets out into the wider world the better.
And then shareholders will see some action :-)))
Problem here is that if HYR gets too ahead of itself and appears above the parapet itll be bought out by one of the big oil companies who will then bury the tech and the patents for good. That would be shameful and should be resisted if they try it.
Well, timing is the key, as always. If youre in too early theres a risk of price erosion. If youre in too late you miss valuable lift. Try8ng to gauge the bottom is never easy.
However, for those joining recently(like I have) there may be reason to be joyful ;-)))
Glass half full here
Always takes a little while to get a foothold. There are lots of established businesses that dont want to see it happen and do what they can to hold things back.
The PoO is working in our favour here and will help.
But, patience is the key. Dont buy here if you want a multi bag overnight.
Longer term, and as the business gains traction, this will fly.
OK, so maybe 50p-£1 is a slight exaggeration but I do think there's some cause for optimism regarding the share price, in the short term (6m) at least, so I've actually gone and bought again today. Now praying that the oil price holds up at least into the middle of next year, cos I'm unsure about how much of HYR's operating improvement is down to the company and how much is just down to the improved oil price.
Finally sold out. Who's bought the last 7.18%, I wonder. I assume it was their 53.5m that boosted the volume yesterday, but still the SP rose. Must have been an eager buyer to take that many, and I expect we'll see a declaration soon.
Nice to get this particular monkey off HYR's back. Might help put a bit more upward pressure on the share price.
Results slowly improving, long term seller gone, 50p next week :-)
However, from a personal perspective I am still to be satisfied with the speed of our progress, Chris Ellis, CEO.
Can't say I'm satisfied either. Nice to see operating cashflow positive, but at $426k it's less than the $570k finance costs, and wouldn't even be positive if it wasn't for an increase in trade & other payables of $677k. I can understand why he's assessing, strategic acquisition opportunities and partnerships cos paying off the debts is going to take several years at this rate of progress. But with the current state of HYR's finances you can be sure that any acquisition or partnership will further dilute our holdings, in one way or another.
They've got to get the feedstock issue in USA sorted out. I thought the collaboration with G&S was supposed to solve this. Canton utilisation rate 61%. What's the point of extra trains if they can't get the feedstock to supply them?
Might as well put this away for another 12-18 months and see if there's any value left then.
Ho, hum, the more things change, the more they stay the same.
Wow! So now HYR will get $5 credit for every ton of carbon offset they generate.
On the estimated 50,000 to 60,000 tons that's, hold on, where's my calculator, yes, $250,000 credit minimum.
But hold on, our manageent are so busy they can't find the time to manage the details of this themselves so they have contracted that out to 3degrees Inc. Just how much of the notional $250,000 credit will this cost HYR in cash?
I note that this piece of regulatory news has had the usual impact on the SP, i.e. it's gone down.
just dropped in. this is a shocker. i asked some time back... could it go under three pence. now i ask can it go under 1.5 i could get interested at that price. hydrodec is an ongoing business so must have a value ? comments please. how you keeping calum.
We will probably get a better insight as to the state of the company on May 12. I did say after the fire that this company could take 18 months to recover. As for the last update every thing seemed to be in order for some increase in share price. It depends weather the company can respond to its forecasts, which as you know up till now hasn't been the best. But with Canton now nearing full production my expectations are a little higher. As a footnote Andrew Black is yet to show his hand I just wonder what is happening there ?
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