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It's not a month's delay, phantom contracts have been promised for eight years. the credibility of the company is zero. However, I stay to the end. We hope for a miracle.
You think a month's delay is a big deal? I hope you never invest in pharmaceutical companies. Nice pop today. What's your babble to explain that away?
MONTHLY PROGRESS REPORT October 7, 2020
Romgaz and the Company continue to discuss and work through finalizing the
terms of several purchase orders. Scheduling is delayed until late Fall 2020.
usually postpone ... they are not serious
Romgaz deal should be announced soon. Maybe this week!
"We anticipate that initial purchase orders will be received from Romgaz before October 31, 2020 and that the initial interactions and planning with the Romgaz team will take place within that timeframe."
September MD&A p. 12
Any of the long-time holders of MMTIF know why this stock jumped pretty significantly in the last few days? Thanks long MMTIF
Looks to be changing course?Please explain!
Radio silence, MMTIF looks to be changing course here.
Happy Fourth of July everyone! It will be a great 2020 yet!
Long
ADIEUX ADDIO BYE AUFIDERSEN
PENNY STOCK
HOW MANY LIES HAVE TOLD US
Very Sorry to here of Seek the light's passing...he was a 100 % trooper of MMTIF
I'm sure he is in the light now with the Lord.
Still LONG MMTIF "SEEK" !
Bonanza- thanks for the post. I always looked forward to STL posts. Always hoping for some tidbit. I’m still hoping his enthusiasm was well-founded. At this point it just looks like another forever. Hopefully chevron will announce a large cloud-based initiative with Micromem a part of it.
Long
BONANZA - Thanks for your emotional tribute to STL.....I do appreciate this comment - even in his support for the shareholders ....I am NOT concerned about the oil-price. But the relationship to CVX and other oil-related companies , there is indeed a lack of information-flow to EVERYONE.....
CVX will inform - not MMTIF ; thats true.....
EVE 4
Hello All! For those talking about Phillip (seek the light)
I live in the same city as him. I have been looking at this chat room for a while. Phillip told me to buy mmtif @ 18cents and I bought more at 9cents.
I knew it was a risk when i bought it- still is
Phillip was very dialed into the prospects of micromen=m and Chevron- Romgaz Deals
I havent seen Phillip in about 6 months. Now that I have put 2 and 2 together I am floored to see he passed away :(
I would see him in the gym,church,walmart,etc.
I will tell you he was a FANTASTIC FATHER!!!!!!!!!!!!!!!!
He took care and supported his son John BIGTIME---- BIGGER THAN BIGTIME!
Phillip was a follower of Jesus as am I.
I think I have 25000 shares of mmtif--- i may buy more.
What cracks me up about this one is-- not if-- but when the device can add tremendous efficiency to the drilling and or producing process, why arent more big companies signing on?
LOL --- Hopefully Chevron will finally come thru or JUST BUY Micromem
God Speed Mr. Phillip C. Rest In Peace!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
JUST4PROFIT & MISDELIVERED - It sounds for me during the last 12 months or so, that STL had been quite well-informed about the future and the management of MMTIF.
He did post quite positive comments to the up-coming time concerning CVX and other companies, who could support the business-flow.
I hope , that the news-flow will stay a little more positive concerning the current business plan....
STL did believe in a positive future to MMTIF.....
EVE...
Yes it was Covid 19. Phillip was in his mid 70's.
Seek Was a close friend of mine. I found out from his son he had passed. He was getting better and suddenly took a turn for the worse. I talked to him almost every day on the phone before he became ill. I will miss his friendship and advice. He was my advisor and friend for over 20 years.
This is indeed very sad and hard to recognize, because STL had been well informed about any development at MMTIF.
Good luck to his family.
EVE
I was informed of "Seek The Light"'s passing today by LongMMTI. My condolences to his family and friends. --JB
My condolences to his family and kind of wondered why he hadn't posted for the last couple of weeks. Covid 19 perhaps?
condolences for the loss to family members also from my friend Giovanni (italia1)
79 , not sure of what yet.
I'm sorry ... what did he die of?
how old was?
RIP
This is so sad. I never directly interacted STL or met him. It looks Micromem may outlive all of us. I appreciated his encouragement with Micromem. Yes, RIP.
Long
It saddens me to inform this message board that “ seek the light” has passed. Rip.
That's the $64,000 question that everybody would like to know. The testing has been ongoing for months, they have had months to work on a contract, we now have the oil wars, the pandemic and of course, the failing economies of the world. We can only hope that there is some validity and foundation to Micromem's claims and we see results sooner, rather than later, but really, it's anyone's guess. How good is your crystal ball?
Next week CHEVRON will post Q-results. It could be possible, when more investments should happen due to the low level of oil-prices. The FREE-CASH-FLOW is above US $ 13 billion and the dividend should be stable.....
We have to see, whether CHEVRON will makle conclusions to its interest in shale-oil...
EVE
So, the question everyone has for the entire economy but also for us-
How much of a delay will the pandemic cause Chevron to delay implementation? Into the Fall? Late Summer? Sooner?
Long
Yes, if either of these so called deals fall of the table, and history is certainly not on our side, then you can stick a fork in this one and JF can go and ride off into the sunset.
Chevron and Romgaz are both named. “Several purchase orders” for Romgaz. COVID 19 will slow this down, but I don’t know how much more clear Micromem can be.
Long
Trump will raise tarriffs if he has to...A deal is imminent but not sure when...Could be summer fall or winter
UPDATE: U.S. oil prices settle nearly 25% higher; Trump expects a Saudi Arabia-Russia output cut
Today 3:14 PM ET (MarketWatch)
Oil futures rallied Thursday (http://www.marketwatch.com/story/oil-prices-surge-nearly-10-after-trump-says-russia-saudi-feud-can-be-resolved-2020-04-02), finding support after President Donald Trump tweeted (
) that he spoke to Saudi Arabia's Crown Prince Mohammed bin Salman, who held a discussion with Russian President Vladimir Putin, and now expects the two major oil producers to announce a production cut of "approximately 10 Million Barrels." Trump later tweeted (Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!
— Donald J. Trump (@realDonaldTrump) April 2, 2020
) that the cut could be as high as 15 million barrels. Saudi Arabia has also called for an "urgent" meeting of OPEC and its allies. News reports, however, said a Russian spokesman denied that Putin spoke with the Saudi crown prince. May West Texas Intermediate oil rose $5.01, or 24.7%, to settle at $25.32 a barrel on the New York Mercantile Exchange after trading as high as $27.39......Could be as high as 15 Million Barrels. Good (GREAT) news for everyone!
— Donald J. Trump (@realDonaldTrump) April 2, 2020
IN other words, the oil price debacle has been perceived as a huge negative for MMTIF and their AROMA units, but in reality it is a huge boast to demand for the units. The present sellers do no know this,imo.
I never thought we would get an opportunity to buy MMTIF shares below .04 cents but thanks to the perfect storm in the oil market of the last 3 weeks shares we have that opportunity again. And it is because of the same dumb sellers through CDEL as back in Nov, Dec, And Early Jan.
What they do not know is that this perfect storm that crashed oil prices is driving Oil and Gas companies to speed up their adoption of the Cloud Bases High Technology because of the tremendous benefits to the oil and gas companies in lowering their costs of production. So take advantage because the potential market for AROMA units will drive demand faster than expected over the rest of this year. All jmo !!!
Hopefully oil production can be controlled.
Chevron is showing relative strength. My hope is that any commercialization deal is not delayed too much then.
Long
My hope for this meeting is that Trump and the oil companies decide to offer a deal to OPE plus the Russians. As trump likes to say "what the hell do they [oil companies] have to loose". The market as already cut their production so they could offer to cut production by a million barrels per day if both OPEC and Russia also cut production by one million barrels per day..... For six months....
(Bloomberg) -- Oil touched session highs then sold off abruptly in the final half hour before settlement on Wednesday after news that President Trump is set to meet with top executives at the nation’s largest oil companies to discuss measures to help the industry.
The meeting, set for Friday, comes after a flurry of U.S.-driven diplomacy, with Trump speaking with both Russia and Saudi leaders to broker a deal, though the former OPEC+ allies have no plans to speak to each other, the Kremlin said.
Rest of the story.... This headline is false as the meeting is Friday and maybe Saturday:
https://www.rigzone.com/news/wire/trump_meeting_with_drillers_failed_to_boost_oil_futures-01-apr-2020-161610-article/
We all know and can agree that the Oil and gas industry is in a state of turmoil because of the Covi19 shutdowns in much of the world plus the little fuss between Saudi Arabia and Russia over the quotas for oil production, This has lead to quite dramatic cutbacks by most of the Oil companies on Capital spending plans for this year. So that has rebounded into the MMTIF shares market with light selling. and the shares have pulled back to the previous .04 cents/share breakout which should now be a pretty good support zone.
The most overriding question now is what does all this mean for MMTIF share price going forward. Glad you ask because here is what think all this mess in the oil market means. The most sensible action for the big oil companies to take going forward are as follows:
1] Get as efficient as possible and that means speeding up the adoption of the cloud based high technology products to reduce downtime and solve E and P problems faster and cut labor and lab costs.
2] Find ways to get more oil out of each well by using the Aroma technology to solve bottlenecks and problems. This is much less expensive than drilling wells.
And the above means that the current problems may indeed be a catalyst to bring more big oil companies to MMTIF as customers for the Aroma products. All JMO!!!!
I bought this stock many years ago at 3 dollars a share at 3pm and by 4pm close was at 6. Happy yes but I was shocked as I watched PREMARKET ticker on CNBC the next day going MMTI 15,16,20,24 and I sold at 20. Payed my house off that week. At the time was just MMTI. This ticker will always have a place in my heart. Good luck to the company and the investors...
LongMMTI.... I do not think this is what Romgaz and MMTIF is working on for Romgaz's operation. I do think MMTIF could develop some flow sensor to be used with this Emerson system. But that is JMO!!!!
I wonder if this has some or all of what Romgaz wanted Micromem to provide.
Long
I wonder....Emerson Introduces New Data Visualization Software for Flow Measurement
Monday, March 30, 2020
Micro Motion ProcessViz software provides an easy-to-use graphical view of data from Micro Motion Coriolis flow meters
March 29, 2020 — Emerson has released Micro Motion ProcessViz™, a standalone, cost-effective software solution for flow meter process data visualization. Having an instant visualization of raw process data translates into direct actionable information, helping plant operators in the chemical, food and beverage, and oil and gas industry reduce the time needed to identify a problem in the flow process. Ultimately, this can potentially save a facility money by reducing the need for stoppages or shutdowns to trace the source of a problem.
The new software supports the Micro Motion™ Coriolis transmitters with data historian output capabilities such as the 5700 and 4200 models and provides a snapshot of a moment in time in the flow process. A technician or plant manager won’t need to manipulate data to see what is happening in the flow. The data is available in a usable format that allows the user to identify and analyze process issues.
“We created ProcessViz after our customers saw us using it to diagnose their flow problems,” said Ron Fleissman, software product manager for Emerson’s Automation Solutions business. “We received so many requests for this software that we realized there was a need in the market for a tool that would make it easier for our customers to diagnose process issues that might be caused by changes in the flow, thereby saving them time and money.”
For more information on Micro Motion ProcessViz, go to www.Emerson.com/MicroMotionProcessViz.
Summary From: https://tinyurl.com/qla297j
Like all producers, Chevron faces a two-headed hydra of much lower global demand and increased oversupply that has forced oil prices down from $60/barrel recently to $20/barrel now.
Chevron’s dividend is $5.16/share for a yield of 7.5%; it is cutting its capital budget to prioritize its dividend. The company's market capitalization is $129.3 billion.
Because of its good balance sheet, budgeting pivot, and international operations, Chevron is in better shape to withstand the oil price downturn than smaller, U.S.-only producers.
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LongMMTI.....Thanks for the valid points in your post. The bottom line on this technology is the huge benefit provided to the oil and gas companies in lowering their costs by adding incremental production from producing wells. It is much less costly to add to the recovery of more of the oil in the ground thus lowering the cost/per barrel of producing oil than it is to go find a new field. And the next post touches on Chevron strengths.
I will add to what STL said. There is value to the tech. The desktop units can do local testing onsite for multiple wells. This alone saves 4-6 weeks in sampling time. The real benefit comes with wellhead units, communicating with the cloud, giving real time analytics of that well. This is where 5G comes in. Recall that chevron teamed up with Schlumberger and Microsoft to develop a background structure for all of this. That was a major piece that had to be put in place for the Atra units. Chevron and every oil/gas co is blind in terms of the efficiency of their wells except by use of tracers. The savings of 4-6 weeks of processing time and the transition to real time status will drive efficiency.
I have been in this over 20 years. I have been frustrated if not furious at some of the missteps that have occurred. I believe we are all going to be surprised at the success of this tech. Unfortunately, we have been slowed down by COVID 19. But that will not change the need for chevron, Romgaz, and others to be as cost effective as possible with the much lower revenue per barrel.
I’ve heard that family and friends own well over 50% of the stock. Maybe much more. And they keep buying in, keeping this going. They would not do that unless it was in their interest to do so. And fortunately that aligns with our interests. I am more hopeful and excited about this than I have ever been.
Long
cpac...Always the smart A. The answer is ZERO to both. But that will change and the only way for anyone to make any money on this stock is to believe the past is not prologue for MMTIF. And i do believe this time is different for all the reasons i have posted about in the last couple of years. But here now is a different reason and that is the oil and gas companies need technology to cut expenses and increase income. Location is still important but ROI is now more important and the AROMA units deliver superb ROI or cost vs benefit.
Better yet, and since you seem to have all the answers and it would also keep the morale of the troops up, why don't you post a list of all the successful contracts that Micromem have negotiated and the income raised to date?
Vela700....The product of that joint venture worked very well, but Northeast Utilities dropped out and sort of left MMTIF holding the bag [over $2 million write off]. Do you know why they pulled back and dropped the partnership???? If so enlighten us.
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Micromem Technologies Inc.
http://www.micromeminc.com/
We are a technology company focused on magnetic sensor applications. The company began over 10 years ago researching and developing nano-magnetic random access memory (MRAM) which evolved into its’ current focus on magnetic sensor applications through its wholly owned subsidiary, Micromem Applied Sensor Technologies, Inc. (MAST, Inc.).
MAST Inc. focuses on developing and marketing the delivery of innovative magnetic sensor applications in industries including Defence, Life Sciences, Automotives, Consumer and Mining ( http://www.mastinc.com/industries.aspx ).
To learn more about the technology’s applications, please visit www.mastinc.com/applications.
Our technology has a combination of superior sensitivity, robust structure, cost effectiveness and small size enabling a wide variety of applications within each industry sector.
We hold a broad-based patent portfolio. We have patents claiming priority in the field going back to 1995. Our deep intellectual property portfolio and ongoing commitment to innovation and development positions Micromem as a leader in viable Sensor Technology and MRAM.
NEWS:
http://www.micromeminc.com/newsroom
MAST Website:
http://www.mastinc.com/
Patent Information:
https://www.google.com/search?tbo=p&tbm=pts&hl=en&q=inassignee:%22Micromem+Technologies+Inc.%22
Contact Details
Micromem Technologies Inc.
121 Richmond Street, Suite 304
Toronto, Ontario
M5H 2K1
Canada
Tel: (416) 364-6513
Fax: (416) 360-4034
Eml: info@micromeminc.com
Share Information:
Listing: NASD OTC-Bulletin Board - Symbol: MMTIF
CSE - Symbol: MRM
Shares issued: 169,058,951
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