Post by
sam2100 on Mar 10, 2021 8:37pm
Cielo's Progress
Positives:
-They have produced a large amount of diesel which has been sold on the condition of 15 ppm sulphur
-They have successfully implemented their cooling process, ahead of schedule
-Larger scale desulphurization process was successful to 5 ppm (better than expected)
-Are in the process of fabricating their automated desulphurization plant equipment
-They have collaborated with the U of Calgary faculty. The U of Calgary are world leaders in relation to carbon based fuels (understatement here)
-They have signed JV's and the partner has given them real dough
-The company has very good finances (with the recent funding)
-TAM is seriously large and in the most eco friendly world wide environment
-Only modest insider selling. The CEO has 23.5 million shares. He could have easily sold the majority of his shares during this stock price run
-Don Allan seems like a really good guy
Negatives:
-Their technology has not been fully proven but it is continually being derisked.
Positve and Negative
-"They're an overnight success...........that has taken $75 million and 16 1/2 years.............."
Negative since it has taken a while to get here. Positive in the sense that we would not be buying this stock at this price or lower, if they had been successful, years ago................
Comment by
sandysouci on Mar 10, 2021 8:44pm
you make some good points here, thanks Sam2100...