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Mission Newenergy Limited (MNELF)

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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 .

Share Sturcture
OS: 8.63M shares
Float: 4.79M

2011 Q3:

Total revenue up 297% over same period last year to $18.1 million
Net profit up 269% over same period last year to $8.4 million
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.
Total Revenue: $18.1 million   é (increased 297% vs. last year)
Net Profit:  $ 8.4 million    é (increased 269% vs. last year)
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
Commenced sales into the Malaysian biodiesel mandate
Executed term deal for European biodiesel sales commencing January 2012
Petitioned the US Environmental Protection Agency for approval of g-Palm
Buyback of $15 million in convertible note debt due in May 2012

$40 millions contract for 2012 Q1 and Q2

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MNELF News: Report of Foreign Issuer (6-k) 05/04/2018 10:44:18 AM
MNELF News: Report of Foreign Issuer (6-k) 05/01/2018 06:46:15 AM
MNELF News: Report of Foreign Issuer (6-k) 04/23/2018 06:23:28 AM
MNELF News: Report of Foreign Issuer (6-k) 04/23/2018 06:20:48 AM
MNELF News: Report of Foreign Issuer (6-k) 04/13/2018 06:21:33 AM
PlusOneCoin Top Posts
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#1521  Sticky Note QUICK DD FOR THE NEWBEES GoAndCollect 05/04/18 03:42:34 PM
#1429  Sticky Note MNELF Shares Out 10,870,280 ALERTS100%to10000%GAIN 04/20/18 02:10:27 PM
#1574   MNELF READY TO ROCK..BIG PR COULD DROP ANYDAY...NEXT halbroke1 05/22/18 03:03:16 PM
#1573 PLAYUP token update : 1,072,203,243 REMAINING out GoAndCollect 05/22/18 01:53:06 PM
#1572   no shares available and MM's holding the GoAndCollect 05/22/18 01:41:14 PM
#1571   strange way of trading I must say, at GoAndCollect 05/22/18 01:39:31 PM
#1570   Imo, mm's screwing around, alot of people holding Guelo 05/22/18 01:25:57 PM
#1569   Newbie here, why is the ask so high hst627 05/22/18 12:07:31 PM
#1568   Our time is coming and we will make todamoon 05/21/18 08:11:41 PM
#1567   MNELF $$$$$ TIME SHOULD BE VERY CLOSE..ONLINE GAMES(FANTASY) halbroke1 05/20/18 10:39:11 AM
#1566   yes it's visible at 0.052 ... GoAndCollect 05/18/18 03:52:36 PM
#1565   MNELF SHOULD BE HAVING A MONSTER RUN TO halbroke1 05/18/18 12:55:57 AM
#1564   TOKEN UPDATE : 1,219,284,066 left GoAndCollect 05/17/18 02:47:04 PM
#1563   Probably just an out of sequence trade. Let’s love your neighbor 05/16/18 08:22:04 AM
#1562   We had a formt trade .... ??? GoAndCollect 05/16/18 01:18:34 AM
#1561   All good questions- and per usual- I don’t love your neighbor 05/15/18 04:24:24 PM
#1560   How long will it take to get an GoAndCollect 05/15/18 04:20:39 PM
#1559   Will be a fun time $$$ $MNELF $$$ love your neighbor 05/15/18 08:30:15 AM
#1558   TOKEN UPDATE : 1,250,422,112 GoAndCollect 05/15/18 01:27:13 AM
#1557   Supreme Court Invalidates Federal Ban On Sports Gambling Guelo 05/14/18 02:53:47 PM
#1556   TOKEN UPDATE (DAILY) : 1,257,111,730 Tokens Remaining GoAndCollect 05/14/18 02:46:07 PM
#1555   The way this trades is also insane lol. GoAndCollect 05/14/18 02:43:41 PM
#1554   Lol that's insane StaleyCornell 05/14/18 02:41:13 PM
#1553 60% of tokens sold! GoAndCollect 05/14/18 02:35:23 PM
#1552 WarChest 05/14/18 02:03:55 PM
#1550   Let’s see some filings this week and get todamoon 05/13/18 10:35:55 PM
#1549   Can't private message. They are trying to Guelo 05/11/18 03:40:34 PM
#1548   Twitter $MNELF. Same news weve seen. Guelo 05/11/18 10:38:17 AM
#1547   !!! OMG PLAYUP on front page of ABN GoAndCollect 05/11/18 10:29:04 AM
#1546   Link? GoAndCollect 05/11/18 10:20:37 AM
#1545   stop bid sitting ! GoAndCollect 05/11/18 10:16:28 AM
#1544   Lol dheminger 05/11/18 09:32:36 AM
#1543   Do my eyes deceive me? .36? khenry458 05/11/18 09:31:34 AM
#1542   .36 works for me $$$ $MNELF $$$ love your neighbor 05/11/18 09:31:05 AM
#1541   $MNELF getting alot of press from ABN Newswire. Guelo 05/11/18 09:09:50 AM
#1540   shares available at 0.06 ASK get them while GoAndCollect 05/09/18 10:49:43 AM
#1539   if you want them you can get them GoAndCollect 05/09/18 10:46:23 AM
#1538   MNELF...041...adding this bottom...Previous 3 press releases show a georgie18 05/09/18 05:44:18 AM
#1537   Agree $$$ love your neighbor 05/08/18 06:54:05 PM
#1536   Super cheap here. Can't wait to watch StaleyCornell 05/08/18 06:48:58 PM
#1535   Picked up a few more shares today. Bargain love your neighbor 05/08/18 03:52:44 PM
#1534   dumping at 0.068? OMG what did I started ... GoAndCollect 05/08/18 09:53:57 AM
#1533   Who is selling at 0.084 lol? GoAndCollect 05/08/18 09:48:22 AM
#1532   It’s amazing how tight the float is most todamoon 05/07/18 10:18:23 PM
#1531   Tiny trades today. Not a lot of StaleyCornell 05/07/18 06:39:39 PM
#1530   i'm ready to slap the ask but not GoAndCollect 05/07/18 02:34:03 PM
#1529   This will explode upward soon and everyone will todamoon 05/07/18 01:03:28 PM
#1528   MNELF DEAL IS MASSIVE NO DOUBT, WHEN IT halbroke1 05/07/18 07:59:54 AM
#1527   I bought in a tad higher than the StaleyCornell 05/07/18 07:22:54 AM
#1526   MNELF 10M OS, 2M FLOAT at 0.11 NASDAQ GoAndCollect 05/07/18 07:16:28 AM
#1525   You and your buddies just might push this StaleyCornell 05/07/18 03:41:59 AM