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No, I don't believe so. While it's only 40,000 lb, it's being used to ramp up a new product coming to market which is a big deal, since it's a commecialized application rather than one in the developmental/testing phase. I'm sure that if management could reveal the customer they would, but sometimes the customer doesn't want their identity revealed.
Saves a lot of $$$ on rent.
It's not clear that the IP is truly protectable, and perhaps it's possible to do a work-around..
Yeah, but apparently, he's damned good at it. He appears to be routing Chris Carney. If the details of his website are true, he has material, he has capital, he has ability to produce and test his product and he has exceedingly good PR capability. Carney is a struggling one-man show with limited resources, no sales team other than himself and no slick PR. They are both hungry, since it appears that Zeitoun lost his shirt in his divorce. While I certainly don't trust Zeitoun and his track record is dismal, sometimes people do get lucky.
Huh? Sounds delusional. Did he secretly clone the Dragon Mine or forget he was terminated or is he living in a parallel universe? This is not MAKING ANY SENSE!
It doesn't really matter since the company sold the majority of the mineral rights to precious metals several years ago to raise capital.
It's not a question of mindset. Either AMNL has received an order from L'Oreal or they haven't. If they have, L'Oreal is a client. If they haven't, until such a time that they do, they are not. It is very easy to get swept away in all of the possible and wonderful applications for halloysite. However, having owned this stock for over 10 years now and riding all of the various waves of excitement down into the ground after the waters of possibility have long receded, none of it means s*** if there are no orders to back it up and, equally importantly, until the orders are meaningful and recurring.
Not sure how you arrived with that conclusion. While they may have filed a patent, do we actually know if L'Oreal has actually ordered any halloysite from AMNL? If so, do we know the amount: is it a few pounds for laboratory testing or a truckload for product testing/ramp-up? Based on past experience, I would not draw any conclusions. BTW, several years ago, AMNL was set to form a JV with a cosmetics company for an application using halloysite for its slow release delivery properties, for which AMNL held the IP, but apparently, the cosmetics company subsequently reneged on the originally agreed upon terms and the venture fell through.
1) I was under the impression that the University (Utah or BYU, can't remember which) gave the IP to AMNL as part of the phase I government grant agreement. Therefore, wouldn't Ionic MT have to license it from AMNL or run afoul of the law?
2)Zeitoun running anything (including a foot race) is a scary proposition as he ran AMNL into the ground. Once again, a lot of glitz, but is there any substance? Does he have the ability to successfully run such a startup?
3)On an unrelated topic, why do these retail traders insist in driving down the price of the stock? Isn't the ultimate goal to make money? This stock requires patience (like that of Job) and there's little use to purchasing it if one does not have the fortitude to hold on to it with conviction. What possible compelling reason could anyone have to sell a few hundred dollars worth of the stock at $0.0052. I mean seriously, get a life! What is the saying? Diamond hands! Diamond hands! Diamond hands!
4)Halloysite is cool stuff, with an amazing number of varied potential uses. That being said, please understand that each of the exciting applications outlined in the recent postings will require years of testing before even the potential for monetization. What will make or break the stock in the short run is its application as a foaming agent or food wrapping additive, or as an additive in a battery component, possibly coupled with further market penetration in the more boring applications where it is currently being used.
1) I was under the impression that the University (Utah or BYU, can't remember which) gave the IP to AMNL as part of the phase I government grant agreement. Therefore, wouldn't Ionic MT have to license it from AMNL or run afoul of the law?
2)Zeitoun running anything (including a foot race) is a scary proposition as he ran AMNL into the ground. Once again, a lot of glitz, but is there any substance? Does he have the ability to successfully run such a startup?
3)On an unrelated topic, why do these retail traders insist in driving down the price of the stock? Isn't the ultimate goal to make money? This stock requires patience (like that of Job) and there's little use to purchasing it if one does not have the fortitude to hold on to it with conviction. What possible compelling reason could anyone have to sell a few hundred dollars worth of the stock at $0.0052. I mean seriously, get a life! What is the saying? Diamond hands! Diamond hands! Diamond hands!
4)Halloysite is cool stuff, with an amazing number of varied potential uses. That being said, please understand that each of the exciting applications outlined in the recent postings will require years of testing before even the potential for monetization. What will make or break the stock in the short run is its application as a foaming agent or food wrapping additive, or as an additive in a battery component, possibly coupled with further market penetration in the more boring applications where it is currently being used.
Jeez. I'm just not getting it. I've been following the company for close to 10 years and if ever there appeared to be a time to invest in it, it would seem like it is now. All of the fat has been trimmed from the company along with the totally clueless and useless board of directors. With them goes all of the accrued debt obligation from their unpaid fees and other compensation. The company now has cash to sustain it from the Amiron sale from which the director draws only a modest salary. Two potentially big near-term halloysite applications are becoming commercialized, that as an additive for a foaming agent application and that as part of an anticorrosive metal coating, each of which alone could be a significant revenue source. The company just won a >$1M phase 2 DOE grant for an amazing anode battery technology which has been validated in testing and research has been published showing benefit from the use of halloysite in battery membranes, separators (if these are different from membranes) and in solid state lithium-sulfur batteries. Granted, historically management has sucked figuratively as well as literally, as in sucked the life and soul out of the company, but so far, the new CEO has been fairly true to his word. Yeah, the pace of information flow recently has been worse than terrible but in comparison to previous years, it has been a veritable cascade. In previous years, the stock would launch for absolutely immaterial reasons yet now, tangible progress and substantial news can't overcome gravity and move the stock price upward. With the influx of capital alone the stock seems dirt cheap. Add the newly commercialized applications and the potential from the battery application(s), at the current share price, I would be accruing everything that I could get my hands on (and, of course, afford to lose) as it wouldn't take much to see tremendous share appreciation. If things continue to play out positively, hopefully, we will never see anything like these prices again.
Where are you seeing this? I haven't seen the share number change in the last 5 days on https://www.otcmarkets.com/stock/AMNL/security
Heck, their graph looks like a condensed version of AMNL's so gotta love it.
We are only aware of those who are digitally vocal.
I totally agree. That being said, I think that CC was trying to juggle a lot of balls in the air related to and coincident with the sale of the iron resource. Once that sale is finalized, he will have to prove himself as there is nothing left to hide behind. I truly wish him success.
We can easily blame management; in the past, they screwed up royally. But, all of those in charge at the time (CEOs and board members) are either gone or on the way out. When you speak of management now, you are speaking about Chris Carney, and him alone. He has done more to forward the company's prospects and position than all of the others combined, although that's like comparing any positive number to zero, or a negative number. I think it's very important to differentiate that. Getting significant cash back on the books should help allay fears prospective customers may have that the company may not be around to to supply them with high purity halloysite in the future after they have incorporated it into their product(s), which definitely could be a big concern. This should help with sales. I, for one, am very excited.
Good analogy. So, are you suggesting that Matthew McConaughey play Chris Carney in "Applied Minerals: The Movie?"
They have a lot of debt on the books, very little cash and, while new orders are starting to come in, they do not yet come close to covering the expenses. Previous management destroyed investor confidence by over-promising and woefully un(der)-delivering followed by a period, with the next CEO, of not promising, or even communicating, further undermining investor confidence. Chris Carney seems to have his act together and also seems to have both vision and a good path forward for the company, if he can execute, but that doesn't negate any of the above. That being said, the applicability of halloysite in the battery and medical realms is very exciting, and with the former, may very well be a situation of being in the right place at the right time. It is to be seen if the new IR firm can help change investor perception and fan the flames of the enthusiasm that we're personally feeling and starting to see posted on this board. As has been previously stated in other posts, what is required at this point are financially meaningful orders or news that would provide better credence to the company's long term viability and success.
Thanks.
Where is "note 16?" I'm having trouble finding it.
Thanks.
Where are you finding this? My 2 brokerage accounts are still showing about 204M outstanding.
My mistake: I meant to refer to the Pump-n-Dump Junior surge of early 2021 to $0.139 which was, in my recollection, independent of a meaningful catalyst.
It really burns me that the pump & dumpers can push the stock to $0.27 on nothing, other than calling the stock 'clean' (WTF does that even mean; is it a used car?), yet on a slew of positive news, including over a quarter mil of tangible sales of halloysite, progress on the lithium battery anode front and patent application in flame retardance, the stock hasn't yet breached $0.01. I guess that's the backlash for the years of silence.
I dunno. The patent covers the process as it relates to about a zillion different chemical substrates, etc., with Dragonite/halloysite listed under the inorganic compound section among about 50 other entries, so really, really hard to know the specific impact of the patent application as it relates to the Dragonite/halloysite as opposed to the zillion-minus-two other compounds it covers. What is really necessary to catalyze an upward share price trajectory would news of actual tangible revenue-generating commercialization/market incorporation of Dragonite usage in flame retardance.
Perhaps he is the bid.
Chris Carney isn't going to take home a heck of a lot of money (i.e. salary, owned stock and stock options) and until the company executes, so maybe he's just not that hungry, but I have a hard time believing that, unless he's got some other gig or funds to rely upon. I totally agree that the $200K grant should have been pounced on. That being said, if the anode technology is successful, it will still take at least a couple more years to commercialize. The separator technology is probably much farther down the road, if ultimately commercialized, and it's not at all clear if AMNL is directly involved with its testing. The battery technologies are not the only applications being actively pursued by the company, which again raises the question of where things stand with those other applications and why those deals never seem to close.
Where is the source of this information? Is this from the January 19th article in the Financial Times or something more recent? Are we sure that the ceramic is that using halloysite?
That hits the nail squarely on the head.
The release said, with regards to the anode application "the project is in the early stages, but recent encouraging test results give management the confidence to continue its development efforts." It sure would be nice to know if this is based on additional testing beyond what they reported a few years ago from the initial bench trials. When all specifics are avoided, it makes one wonder if it's because there are no specifics there.
"The Company's CTO, Sharad Mathur, Ph.D., is leading all product development and sales activities as well as building and improving upon the Company's prior technical work to identify additional customer prospects and markets for the Company's halloysite products." Can this guy sell? Has he ever sold anything? Clearly Newsome wasn't so trimming that fat was a good thing, but don't they need a real and proven salesperson to actually close deals?
Thank you for clarifying. For what its worth, I have been trading the stock for several years on Ameritrade, but when I initially opened the position, the stock was trading at a much higher level, so there weren't any restrictions.
Can you elaborate what you mean by "Apparently it is a call in on the TD side come to find out?"
Maybe it's my paranoia speaking, but I suspect that the stock was being hyped on some message board somewhere and is now going to fall back to earth where it will remain until the next such run-up or until AMNL actually puts out a positive news release.
Interestingly, the initial application in the news using halloysite in a battery was in a solid state battery. I'm a little concerned and moderately frustrated that AMNL isn't pursuing this. I have heard elsewhere that that is the likely future of battery technology, and is certainly safer (see https://www.washingtonpost.com/technology/2020/12/28/tesla-battery-fire/
I find it very concerning that despite the initial positive bench trials using the silica framework from halloysite for an anode matrix, the company researching it seems to have abandoned it. Also, I would think that its production would require wet processing for higher purity, which capability they will no longer have after their agreement with BASF ends early next year. The termination of that contract is very concerning, or more importantly, that the partnership produced nothing materially while in existance. I wonder if the Korean company with whom they have entered agreement is a major or minor player in the battery realm. Maybe Carney was being very skittish because the sum of the accomplishments was very underwhelming/embarrasing.
Remarkable BS annual meeting. Chris Carney ignored a question I asked about a solid state battery application, and I wonder how many other questions he ignored. He pretty much said very little substantial, suggesting that there's nothing on the short term horizon to get excited about, or at least that he can/will talk about. Had a bunch more questions to ask but couldn't think/type fast enough to do so while listening to responses, a huge limitation to a virtual meeting. I asked if the Korean battery company in the 8K release was the same doing the bench trials a few years ago to which he said "no," but he offered no follow-up. The whole call seemed to last about 5 minutes and was an affront to shareholders who were looking for tangible information. It feels like a bad joke, but looking at my paper losses since initially buying shares in the company, it also feels like I and all the other shareholders are part of the punchline.
No way to really know what the activity means. No way to know what the level of conviction is behind the info in the 8K filing. There have been no insider trades this year and I would suspect that if an insider wanted to add shares, they'd be prohibited by a blackout period. Still no press release indicative of the company's own enthusiasm for the battery deal.
Therefore, personally, until there is tangible evidence to believe otherwise, I would consider the run-up just noise. Nice, and welcome noice, but noise none the less.
Per the proxy statement:
"On November 20, 2020, we mailed a Notice of Internet Availability of Proxy Materials to our stockholders...
Webcast of Meeting; Asking Questions
The meeting will be webcast at www.virtualshareholdermeeting.com/AMNL2020. Stockholders and others may listen to the meeting by logging into that address.
To ask questions if you are listening to the webcast, you will need the 16-digit control number on the Notice of Internet Availability, your proxy card, or on the voting instruction form sent by your broker or custodian."
Have any of you received the Notice of Internet Availability of Proxy Materials? I know I haven't.
I'm getting the feeling that the South Korean company in partnership with AMNL is not the original company that was looking to use halloysite in the battery anodes referred to in prior (more distant) press releases. I can't say for sure, but the wording of the the current filing and their last press release suggests it. If this is true, I wonder what happened with the original battery manufacturer as the initial bench trials were very promising.
I guess the easy answer to that question is that, being an investor in this company for many years now, I've gotten burned several times by false starts that haven't panned out (can anyone say "Mitsubishi TV screen application?"). I'm sure that the company's history of publicizing news too early and then no follow through, during the Zeitoun years, is what drives their hesitation, which then begs the question of how much to make of the new release.
Not only has Chris Carney been there for many years, both he and Mario Concha were asked many times by the PR guy as well as one of the board members who recently left to put out press releases when any meaningful news occurred, but yet here we remain, in silence. It's beyond baffling... Maybe they just hate the thought of their equity increasing.