Nice move..Home run potentialTD, which was unloading a position, drove the share price downwards from its highs.
That position is now tapped out, so we should move to new highs due to substantial material developments already achieved.
Lignol's modified solvent based pre-treatment technology has been demonstrated to facilitate the rapid, high-yield conversion of cellulose to ethanol and the production of renewable chemicals, including high purity HP-LTM lignins.
HP-L(TM) lignin represents a new class of high purity lignin extractives (and their subsequent derivatives) which can be engineered to meet the chemical properties and functional requirements of a range of industrial applications that until now has not been possible with traditional lignin by-products generated from other processes.
What this means is that, with cheaper feedstock costs ( wood chips and forestry wastes ) than the food-based ( ie corn ) ethanol producers and with saleable byproduct credits in the form of a new class of high purity lignin extractives, lignol will be able to produce much cheaper ethanol than food based ethanol producers.
It has thus turned the conventional ethanol production model on its ends.
There are also improved opportunities for the deployment of its biorefining technology in domestic and international markets.
Positive drivers for commercial deployment include the sustained increase in the price of crude oil, proposed amendments to certain government programs which support commercial scale projects, renewed investor interest in the advanced biofuels sector .
These developments represent a promising opportunity for Lignol to develop a commercial project with a consortium of strategic partners.
This is the home run to which I refer and it will be a out-of-the-park home run.