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"Costs per unit at scale levels of production should result in a suitable economic case to be made for installing a unit at each well head."
Two points about this statement:
1] You can be sure that Chevron has this accurate.
2] This encompasses a much higher demand for AROMA units than just the water flood number would equal. Factor of 10x would be a good guess.
BTW....My cash flow estimates for the next couple of years were based on demand for water flooding. So the PIE JUST GOT A LOT BIGGER. Buying shares up to the 4 cent breakout will be very rewarding ,imo.
Well at least i keep my post in context with the post i am answering. Some do not. Is 64 in context? No! but i know what it means. .
Some people are really good at finding information. The interpretation of said findings are more difficult. Carry on!
Williamsc...What is Art's age?
No, i did not say why he left. But it is a fact the shareholder meeting was held in Michigan because that is where Art was was at the time. Why was he there? My best guess is a health issue. But it is only a SWAG.
How about this. "Among other accomplishments at Pfizer, he led clinical programs for over a half-dozen new chemical entities involving Phase 1 and Phase 2 studies and contributed to planning for Phase 3 studies."
He has already done this at IPIX, imo.
Snowy....Hear! Hear!
Yes, But he has a history of leaving BEFORE companies do phase 3 Trials even on very successful drugs. Read his history. WHY?
re Look who mentions ROI of the cost of the Aroma units:
8. ROMGAZ Question: Does it make sense to deploy the technology at each well
head?
------------------------------------------------------------------------------------------------------------
b. The consideration is that the cost of the technology must be such that a return on
the investment case is made for adopting the technology. Costs per unit at scale levels
of production should result in a suitable economic case to be made for installing a
unit at each well head - the cost per unit needs to have a competitive $/boe oil metric .
https://micromeminc.com/wp-content/uploads/2019/12/QA-Romgaz-due-diligence-process-for-Website-PR-2019-1219.pdf
Look who mentions ROI of the cost of the Aroma units:
Chevron spokesman is who.
oldoil....You are welcome......Merry Christmas to all....Know the reason for the Season.
The following is my opinion based on years of experience and basic research. I have been very critical of the sellers of MMTIF shares for months. Let me explain why.
There is no one who owns shares bought over the last 5 years who has such a high price that the Aroma breakthrough technology will not generate enough revenue and earnings to drive the share prices higher than the highest cost of shares. So it is my opinion those selling for tax losses will at the most recover about 35% of those losses through tax payment savings. If they had chosen to hold on and add to their holdings by buying more thus averaging down their cost/share, they could have actually made a huge profit. And the amount of money required would not be that many dollars.
After the greatly expanded market potential as outlined in the Q an A issued last week makes the above statement even more certain. So there is still time for some to make the right move by adding shares for cents on the dollar return. Four cents/share is still the breakout point as closing above that price will be the start of a brand new uptrend that will go to much higher.
MERRY CHRISTMAS.... Know the reason for the Season!!!!
Long Term holder of years duration wiped out by two dilutions and a stock reverse finally taking a tax loss and getting it off his monthly statement is most likely the reason for those type trades.
Future users of MMTIF's Aroma products??? Three on top of their game and doing well:
https://seekingalpha.com/article/4313900-chevron-big-oil-is-well?ifp=0&utm_medium=email&utm_source=seeking_alpha
https://www.rigzone.com/news/shell_makes_significant_find_offshore_australia-23-dec-2019-160645-article/
https://www.rigzone.com/news/exxon_hits_more_oil_pay_offshore_guyana-23-dec-2019-160649-article/
MMTIF....Present price is at 1 PE. Check it out.
MMTIF.....50x from here in next year. Read Friday PR.
RE MMTIF ....Shares price has doubled since last week low...More to come. Read PR from Friday.
Re MMTIF..After a Weekend to reread and ponder the the Q and A announcement, the overriding facts that finally have emerged are that Chevron and others will use this product and the applications of this technology is more widespread than we imagined.
After a Weekend to reread and ponder the the Q and A announcement, the one overriding facts that finally have emerged is that Chevron and others will use this product and the applications of this technology is more widespread than we imagined.
So take advantage to buy low priced shares as that opportunity will not last for very long. For now i am firmly convinced that the shares are selling at only about 1/3 of the cash flow per share for this year and there will be earnings for MMTIF.
Jorobo.....I do not believe Chevron considers using High Technology to be something they or other companies consider to be a threat to themselves. Securing the best places to drill maybe somewhat competitive but the production of oil and gas from wells is not an area of real competition, imo.
Also #3 and # 4 in my post earlier today is further thoughts on this subject:
"3] Competition is mitigated by the fact the software is patented and licensed to MMTIF. So Chevron will help promote the Technology. And that promotion may well include a cash flow consideration to Chevron from the so called competition. This latter is just my speculative opinion.
4] I believe many interested parties have been in the loop of information ever since the SPE Conference in the UAE a couple of years ago. So i expect other companies to use this Technology. "
It has since been revealed that all the companies [over 100] were all invited by Chevron; so they must think they can benefit somehow.
In any case the oil patch on a worldwide basis is so vast that no company is precluded from benefiting successfully,imo.
longMMTI.....Interesting points in your post. My comments:
1] Re debs. The exercise price is .05 cents Canadian which equals .0375 cents US. And this has been what they have done since September.
2] Chevron and Romgaz both would have approved this PR text before it could be announced. Contracts with both companies should follow.
3] Competition is mitigated by the fact the software is patented and licensed to MMTIF. So Chevron will help promote the Technology. And that promotion may well include a cash flow consideration to Chevron from the so called competition. This latter is just my speculative opinion.
4] I believe many interested parties have been in the loop of information ever since the SPE Conference in the UAE a couple of years ago. So i expect other companies to use this Technology.
5] The verbiage about several other applications by Chevron for this Technology is very encouraging for MMTIF's future and could play into your opinions concerning a buy out of MMTIF,JMO .
The missing ingredient in this story is the Royalty Cash Flow to MMTIF from the sales of the AROMA units. Since none of this information has not been made public, there is no way to model cash flow and earnings. But these amounts did just get much larger based on the Chevron comments in this Q and A. The greatest leap for these amounts is from the use for water flooding operations to the use to tie wells to the IIOT to create smart wells,imo.
So thanks for your input on this MB.
whytestocks.....Welcome to this MB.....The most important number to know is cash flow/share for the next year. It will be 3x today's share price. That is a bargain. On the present price the PE is about 1. JMO! based on my OWN research.
And Yes we are still buying shares today. Nohomerun is correct the tax loss sellers are still doing their thing. Best advice is still...Take advantage of the opportunity that is still available.
Now this is what i have been talking about. .04 cents is the breakout point.
Rottweiler1...I do not have PM. But thanks for your comments and offer of info. As you can see, i do have the announcement and i find it very positive. Chevron is behind this product and many will use it and for many different applications. JMO!!!
MMTIF news today....Here is the link to news:
https://micromeminc.com/wp-content/uploads/2019/12/QA-Romgaz-due-diligence-process-for-Website-PR-2019-1219.pdf.
Micromem Releases Responses to Romgaz/Chevron Q&AToronto, Ontario and New York, New York--(Newsfile Corp. - December 20, 2019) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to announce an update on the Romgaz due diligence process. Romgaz provided Micromem with a series of questions and the Company has worked directly with a senior engineer from Chevron to prepare the responses. The results can be found at https://micromeminc.com/wp-content/uploads/2019/12/QA-Romgaz-due-diligence-process-for-Website-PR-2019-1219.pdf. The Q & A gives an overview and a timeline of the work completed on the AROMA Tracer analyzer technology (ARTRA 171) and its numerous uses in smart well technology and the Internet of Things (IOT) applicationshttps://micromeminc.com/wp-content/uploads/2019/12/QA-
Romgaz-due-diligence-process-for-Website-PR-2019-1219.pdf?fbclid=IwAR0rJl2jTXZjNUJjjd-M3tPhBVakCWow4OkBNvTmD0FK0yyAHvEVH9STcvMIl
MMTIF Pr today is just the beginning,imo.
The daily short sales as a % of total volume has been proof positive the MFO has been selling most days from since they arrived on the scene. That is the method MMs use to sell shares for the MFO. Day trade short sale which is covered by the end of the trading day by the mm purchasing shares from the MFO. And is always reported by the MMs to FINRA as a day trade short sale.
GC.....Thanks and done.
MMTIF.....Tax loss selling about done. Big bids building. Shares selling at 1/4 of next years cash flow /share. Do the math.
MMTIF....Shares selling at 1/4 of next years cash flow per share. Tax loss selling about done. JMO!!!
MMTIF....Smart money has been accumulating for the last year. Bottom is in and breakthrough technology deals coming. Shares selling at 1/4 of next years cash flow per share. JMO!!!
cpac......Good to know once again your opinion. Thanks for the history lesson. I am an investor and a year or two does not dissuade me. In fact as i have also posted many times, we have used the last year plus to buy millions of shares. Have you done so also??? or are you a short seller?
Looks like this is soon going to be fun to watch.
MMs seem to not want to sell many shares before raising the offer. Hope this continues as it will lead to higher share prices, JMO!
Seems like MMTIF sellers are not nearly as aggressive now compared to a couple weeks ago. That is a good sign; so get ready...buy them while you cam.
Ever one involved in the Oil and Gas energy field is well aware of Chevron's propensity for slow, plodding, and careful method of reaching a decision point on almost all of their forward plans, and will take notice when Chevron finally does move ahead on Commercialization of the thoroughly tested ARTRA units. This act will serve as an endorsement of the product to many potential users of the product, and that is very important in terms the speed of the adoption of this technology. JMO!!!!
Took my own advice and bought more today. Stock shares still available at 25 percent of next years cash flow per share, in my opinion. Take advantage of that bargain is my best advice.