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Mission Newenergy Limited (MNELF)

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Last Post: 2/16/2017 7:30:48 PM - Followers: 12 - Board type: Free - Posts Today: 0


Company Background
 
Mission NewEnergy Limited (Mission NewEnergy) is a producer of biodiesel that integrates biodiesel feedstock cultivation, biodiesel production and wholesale biodiesel distribution. The Company has three segments: biodiesel refining in Malaysia; jatropha in India, and power generation in India. Its biodiesel production facilities are comprised of two separate transesterification refineries that convert feedstock oil to biodiesel located at Port Kuantan, Malaysia. Its feedstock business is engaged in growing and selling jatropha saplings from its nurseries to contract farmers. Mission NewEnergy has two wind mills, which had generated and delivered 6,082,344 kilowatt hour of total electricity as of June 30, 2011. The electricity is supplied to the Maharashtra State Electricity Distribution Company Limited under a power purchase agreement that expires in 2021. In April 2011, the Company conducted its initial public offering in the United States and listed on the NASDAQ Global Market.

Mission NewEnergy Limited is a global provider of sustainable, renewable energy. Operating in Asia, India, Australia, Europe and North America, Mission NewEnergy is a biodiesel producer and one of the world's largest Jatropha plantation companies.  At full capacity we can produce 105 million gallons of biodiesel and have over 234,000 acres of plantation representing a sustainable non-edible oil supply of an estimated 27 million barrels. Jatropha Curcas, an inedible biofuel feedstock, is being cultivated by Mission's contract farmers on arid, marginal lands.  Through the realization of Jatropha by-product value Mission is working towards a zero cost of sustainable non-edible fuel source. To learn more, visit www.missionnewenergy.com .

Share Sturcture
OS: 8.63M shares
Float: 4.79M


2011 Q3:

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Total revenue up 297% over same period last year to $18.1 million
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Net profit up 269% over same period last year to $8.4 million
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Buyback of $15 million 2012 convertible note debt
 
Subiaco Western Australia, November 10, 2011 -- Mission NewEnergy Limited (Nasdaq: MNEL, ASX:MBT), a global provider of environmentally sustainable biofuels, today announced its unaudited financial results for the first quarter of the 2012 fiscal year, ended September 30, 2011.
 
"We are delighted to kick off the fiscal year with a strong financial quarter.  Our biodiesel refining operations continue to deliver positive cashflow to our company as we build our Jatropha supply, with sales into the European and Malaysian markets.  During the quarter, we have also significantly strengthened our balance sheet by buying back our 2012 convertible notes at a significant discount," said Nathan Mahalingam CEO, Mission NewEnergy Limited. "Our Jatropha operations continue to develop towards providing a captive supply of low cost material for biofuels that we expect to be cost competitive with petroleum products at US$52 per barrel."
 
All numbers presented are unaudited and presented in Australian dollars, unless stated otherwise.
 
Unaudited Results for First Quarter Fiscal Year 2012 - the three months ending September 30, 2011.
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Total Revenue: $18.1 million   é (increased 297% vs. last year)
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Net Profit:  $ 8.4 million    é (increased 269% vs. last year)
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Cash Loss:  $ 2.0 million    é (decreased  26% vs. last year)
 
Cash Position -  $12.7 million.
As of September 30, 2011 the group cash position was $12.7 million.

Financial Results
 
Total revenue for the first quarter of the 2012 fiscal year was $18.1 million, compared to $4.6 million for the first quarter of the 2011 fiscal year, an increase of $13.5 million or 297 percent. The increase in revenue relates primarily to increased revenue from biofuel product sales and recognition of biological asset revenue from the Company's Jatropha business of $3.2 million and the recognition of a gain from the buyback of the Company's 2012 convertible notes of $10.3 million.
 
Gross profit  for the first quarter of the 2012 fiscal year was $12.3 million (excluding the convertible note gain which totalled $2.0 million) compared to a gross profit of $0.05 million for the first quarter of the 2011 fiscal year.
 
Operating expenditure for the first quarter of the 2012 fiscal year was $2.0 million, with the same cost incurred in the first quarter of the 2011 fiscal year. Foreign currency revaluations for the first quarter of the 2012 fiscal year was a gain of $0.4 million, and a loss of $1.2 million for the first quarter of the 2011 fiscal year. Non cash related expenditure increased by $1.1 million to $1.3 million in the first quarter of the 2012 fiscal year, from $0.2 million over the first quarter of the 2011 fiscal year, primarily as a result of the increase in sales of Jatropha saplings and the associated provision for bad debts of $0.8 million and impairment of assets.
 
Net profit for the first quarter of the 2012 fiscal year was $8.4 million compared to a net loss of $5.0 million for the first quarter of the 2011 fiscal year, representing a 269% improvement. This improvement is primarily a result of the $10.3 million gain on the settlement of the 2012 convertible notes and operating performance.
 
Net cash loss in the first quarter of the 2012 fiscal year was $2.0 million, compared to net cash loss of $2.7 million for the first quarter of the 2011 fiscal year.
 
As of September 30, 2011, Mission held a cash position of $12.7 million.  Effective cash as of June 30, 2011, was $20.5 million, the reduction in cash is attributed to the $5 million dollar buyback of the $15 million convertible note debt and $2 million dollar cash loss for the quarter attributable to operations. Other current assets total $19.9 million and the Company's current liabilities total $4.7 million.
 
"Sales in Malaysia for the quarter resulted in a sharp revenue uptick relative to last year. We are delighted to be in a position to sell into multiple global markets, so despite negative commodity spreads for much of the quarter, our refining operation provided a positive cash contribution to our company, bringing us closer to our own captive supply of low cost feedstock," Mahalingam added.
 
**All numbers presented are unaudited and presented in Australian dollars, unless stated otherwise.
 
Business highlights for the quarter ended September 30, 2011
 
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Commenced sales into the Malaysian biodiesel mandate
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Executed term deal for European biodiesel sales commencing January 2012
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Petitioned the US Environmental Protection Agency for approval of g-Palm
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Buyback of $15 million in convertible note debt due in May 2012
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8236278

$40 millions contract for 2012 Q1 and Q2
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8350020
 

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MNELF News: Report of Foreign Issuer (6-k) 12/04/2017 06:10:04 AM
MNELF News: Report of Foreign Issuer (6-k) 10/13/2017 06:35:04 AM
MNELF News: Report of Foreign Issuer (6-k) 09/27/2017 09:38:08 AM
MNELF News: Report of Foreign Issuer (6-k) 08/31/2017 08:42:59 AM
MNELF News: Report of Foreign Issuer (6-k) 07/21/2017 06:05:50 AM
PostSubject
#1141   It appears the long wait may be over ErnieBilco 11/24/16 10:47:00 AM
#1140   To be honest I am watching closely for Zonata 07/05/15 12:58:02 AM
#1139   I still hold but I only bought at ErnieBilco 06/05/15 02:55:54 PM
#1138   Wow no news, this dropped back to 4 Zonata 06/05/15 02:32:31 PM
#1137   Net tangible assets per security 0.52 ErnieBilco 02/27/15 11:09:44 AM
#1136   40.28 cents per Share Value Accretion ErnieBilco 02/19/15 01:09:08 PM
#1135   The stock is up 2190 percent and not ErnieBilco 02/19/15 11:08:48 AM
#1134   Company Update ErnieBilco 01/05/15 11:48:13 AM
#1133   Mission Wins Material Legal Suit ErnieBilco 09/08/14 07:22:55 AM
#1132   the Indonesian arbitration panel, in a 2-1 majority ErnieBilco 07/21/14 06:57:43 AM
#1131   Mission Files Material Counterclaim Against KNM ErnieBilco 07/03/14 06:03:32 PM
#1130   Have you read the annual report? There are Zonata 11/12/13 10:42:23 PM
#1129   Looks like this is coming alive - ALIVE ErnieBilco 10/08/13 11:09:43 PM
#1128   OMG - I just gotta avg down from ErnieBilco 08/01/13 04:08:22 PM
#1127   Would be easy for me since I'm a Zonata 08/01/13 02:29:26 PM
#1126   Looks strong to me. 1.4mil in da bank. ErnieBilco 07/31/13 05:47:42 PM
#1125   Is it me or the latest report seems Zonata 07/31/13 12:26:16 PM
#1124   Biodiesel Mission’s biodiesel refineries have a name plate capacity ErnieBilco 04/27/13 09:11:15 PM
#1123   Jatropha Mission’s biodiesel refineries have a name plate capacity ErnieBilco 04/27/13 09:09:56 PM
#1122   http://www.asx.com.au/asxpdf/20130417/pdf/42f9q780rh3xc9.pdf ErnieBilco 04/27/13 09:08:01 PM
#1121   http://www.asx.com.au/asxpdf/20130422/pdf/42fd18rmh8bljt.pdf ErnieBilco 04/27/13 09:05:11 PM
#1120   http://www.asx.com.au/asxpdf/20130418/pdf/42fb20tjhb3dq2.pdf ErnieBilco 04/27/13 09:03:21 PM
#1119   Here is a nice read about what has ErnieBilco 01/03/13 07:14:25 PM
#1118   CEO letter to shareholders ErnieBilco 01/03/13 07:09:09 PM
#1117   Wow its been a while since I checked ErnieBilco 01/02/13 03:44:41 PM
#1116   This appears to be good news for shareholders ErnieBilco 09/20/12 09:13:06 PM
#1115   OMG its alive. ErnieBilco 09/20/12 03:53:47 PM
#1114   some thing go on ?? news ??? lets lemm 09/20/12 03:47:12 PM
#1113   2 months and not a single reason to ErnieBilco 07/11/12 04:42:25 PM
#1112   I believe they are gonna try everything they ErnieBilco 05/11/12 08:20:52 PM
#1111   been watching this - can this thing avoid eagle_2975 05/11/12 07:55:19 PM
#1110   This needs a catalyst to get it headed ErnieBilco 05/11/12 11:01:33 AM
#1109   Volume increased and pps dropped - tried to ErnieBilco 05/08/12 04:16:27 PM
#1108   Same exact volume as this time yesterday...... very oddddddd. ErnieBilco 05/08/12 11:36:03 AM
#1107   ASX trading has slowed - currently stalled with ErnieBilco 05/07/12 10:28:55 PM
#1106   It appears to have bottomed out at .20. ErnieBilco 05/07/12 04:27:36 PM
#1105   Down 0.59 from my last post 3/13/2012 @ 0.81 ~MulaGreen~ 05/05/12 09:48:43 PM
#1104   Looking to jump in here on Monday. ErnieBilco 05/05/12 07:57:03 PM
#1103   For me it won't work the first time Bjdev89 05/04/12 10:17:30 AM
#1102   Looks like the ticker has been changed to porgyrusty 05/04/12 09:39:33 AM
#1101   Notice says you can trade on the aussie chasingpennies 05/04/12 09:27:22 AM
#1100   Will I be able to trade the shares porgyrusty 05/04/12 09:24:16 AM
#1099   Check there website there is a 8-k posted chasingpennies 05/04/12 09:15:44 AM
#1098   So whats the story, is it going to porgyrusty 05/04/12 09:06:56 AM
#1097   So what the story with MNEL, is it porgyrusty 05/04/12 09:05:00 AM
#1096   BYE BYE MNEL!!!! chasingpennies 05/03/12 03:13:40 PM
#1095   Red stop signs are better for you to trade. StockGod 05/03/12 01:17:18 AM
#1094   Take a look at the 1 year Basic Seshet 04/26/12 10:54:45 AM
#1093   MNEL a beautiful chart CHARLIE125 04/24/12 12:45:32 PM
#1092   MNEL gapper? the chart is beautiful.. CHARLIE125 04/20/12 08:28:49 AM
PostSubject