BioExx Specialty Proteins Ltd. (BXI.TO)

BUY
Patented process to isolate protein isolates using canola as the feedstock. Have gone through most of the trial phases. Product will be in very high demand and expects to have significant orders by year-end.
TOP PICK
High-risk security. Has methodology to extract high purity protein from canola oil. Believes several catalysts over the next several months will move shares higher. Potential to hit $3.50 by year-end.
COMMENT
Plant came on stream recently and they are getting the grades of protein that they needed. His problem is that there is a lot of financing creating a lot of dilution. Not sure what the reward would be to him as an investor.
COMMENT
Process vegetable and canola oil. Hit a 52-week high today because they recently completed the 1st run from beginning to end within the plant. Expected to start the 2nd plant in North Dakota.
PARTIAL BUY
Going from pre-production into production of proteins so you are going to get a couple of lumpy quarters. Still in a risky stage so only Buy a third of your position for the time being. Give it a couple of more quarters. He is looking at this one.
WATCH
Doing a cold process to crush canola to extract protein. Was concerned when they announced a 2nd facility before the 1st was working. It now looks like things are working pretty well. Margins they could earn are quite substantial.
BUY
Currently processing canola and extracting proteins. Management is confident they will hit end of July target and will start producing high quality proteins (Icelets?), which are extremely high margin. Expecting confidence in investors by year-end. Starting a 2nd plant in North Dakota.
BUY
(Market Call Minute.) Innovative production process. High value product.
RISKY
Now moving from pilot project towards commercial production. Recently raised money. Expecting to know in the 2nd quarter if they can achieve production. 2nd step will be if they can get the same results consistently that they had in their pilot followed by a look at margins. High risk.
WAIT
Extracts oil/protein meal from canola. Have to get equipment into the plant for commercial production on extraction of high margin/high concentration protein (Isolets?) by the end of May but could be delayed by a month or so. Just did a financing of $15 million at $1.85. Historically have done well with financing and the stock has moved up. Wait for stock to start moving up ($2.25?).
HOLD
It’s a breakthrough business. A kind of biotech company. They have been hitting their milestones. Now they are moving to execution. The risk is more engineering and execution than technology. Believes the management team is determined. Seem to be on the right path. The sales cycle for these products is quite long.
WAIT
Speculative company. He is watching it closely, waiting for the first profitable quarter or two.
BUY
Another typical company he would buy because it does not have earnings but there is a lot of upside as they are trying to get higher protein out of canola seed through their patented process. Will see this come to fruition in the next 6 to 9 months or so.
BUY ON WEAKNESS
Good proprietary process that can generate high-value proteins and nutrients. Still in the ramp-up stage regarding production so it will take a little while. Could easily double in 12 months if they are able to execute their plan.
HOLD
(Market Call Minute.) Moving towards extracting canola protein and results are expected in March.
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