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Thanks Harry.
Jackstraw What are you thinking about the stock now I know the latest filing makes no difference but what are your feelings going forward are you still holding the stock? I understand there are still some unknowns.
CCTC shareholder letter from CEO:
http://www.edgar-online.com/bin/cobrand/?doc=A-1445109-0001144204-12-005396&nav=1&src=Yahoo
Dear Shareholders:
We Have Reached an Important Milestone
It is with a feeling of accomplishment and gratitude that I am able to report to our shareholders that, after many months of hard work and the dedication of numerous individuals inside and outside the company, CCTI has reached an important milestone. In signing a binding agreement to negotiate final terms of a partnership and license agreement with a major corporation, CCTI is moving forward into the next phase of our technology build out.
The strategic partner is Jindal Steel & Power, an Indian multinational. The purpose of the partnership is to provide an immediate solution for Jindal’s high moisture, Indonesian Coal, and to jointly develop the market for our Pristine-M™ technology in key Asian markets. Our partnership with Jindal brings with it capital to build a 1/10-scale pilot plant in Oklahoma, working capital to improve our balance sheet; and a very high profile partner to help develop a business in one of the world’s large coal producing regions.
Since its inception, CCTI has been in the position of many companies in the world that own unproven technologies and are anxious to prove them out. The statistic on the success rate in the venture capital market is not encouraging. However, over the past nine months, our technology, most particularly Pristine-M™, has been subjected to thorough due diligence by highly qualified scientists and engineers from the United States and abroad. In this process, SAIC has been extremely supportive in the presentation of the industrial designs around the patents. Today, the idea that CCTI owns a best of breed process has been strongly endorsed and has culminated in the willingness of a major company to invest the risk capital needed to advance the technology.
We are fortunate not only because we are moving forward to build a pilot plant, but also because the preliminary terms negotiated with Jindal successfully align our interests.
The 2012 Outlook is Very Bright
CCTI’s technology has three basic applications. With the successful commissioning of the 1/10-scale pilot plant, which we expect to occur by about mid-year, the viability of our processes should be demonstrated. From there, we can explore many other distinct markets where our technology should be able to capture a meaningful share.
Our original patents were focused on cleaner coal, and on coal-to-liquids (CTL) applications. As we look around the world today, we appreciate that the market for each of these is substantial. Countries like China, as one example, have very little liquid fossil fuel but abundant low-grade coal. They are in positions not unlike Germany’s during WWII when CTL processes were first developed. Through the work that CCTI did in China between 2007 and 2010, we determined that CCTI’s Pristine™ process may be an ideal front-end component, bringing important synergies that improve the commercial viability and attractiveness of CTL. It is worth noting CTL-based fuels are devoid of many of the contaminants found in either raw coal or crude oil and, thus, are desirable from an environmental standpoint.
Cleaner coal is not an option; it is a requirement that, throughout the world, is being felt more intensely day by day. We believe one upshot of locating our pilot plant on the site of a U.S. coal-fired power utility in Oklahoma will be that it should serve as a critical first step for winning acceptance of our clean coal technology in the United States and, in time, the rest of the world.
Our Pristine-M™ process addresses the need for a coal that is dry and can safely travel long distances across the ocean without re-absorbing moisture. Pristine-M™ has attracted the interest of some of Asia’s leading companies to CCTI. Asia is an ideal market for Pristine-M™ until U.S. producers complete the infrastructure to enable large-scale export of clean PRB coal to Asia and the rest of the world.
We have a challenging and exciting year ahead. We believe that the market opportunity for CCTI is measured in the hundreds of millions of tons of coal that could benefit from each of our upgraded technologies. Completion of the partnership with Jindal and developing an aggressive business plan with them will be our core focus in coming months. At the same time, beyond what we hope to accomplish with Jindal, we will continue to put together our commercial platform by pursuing strategic partnerships covering our three products and the many areas of the world where coal continues to play a role in the energy economy.
We are very fortunate for the human capital at our disposal. We have a small, but skilled team inside the company, including our advisors, and a solid formal relationship with SAIC.
With your continued support, I believe that CCTI will succeed in its mission to build a leading company in the clean coal space.
Best Regards,
Robin T. Eves
Chief Executive Officer
CCTC shareholder letter from CEO:
http://www.edgar-online.com/bin/cobrand/?doc=A-1445109-0001144204-12-005396&nav=1&src=Yahoo
Dear Shareholders:
We Have Reached an Important Milestone
It is with a feeling of accomplishment and gratitude that I am able to report to our shareholders that, after many months of hard work and the dedication of numerous individuals inside and outside the company, CCTI has reached an important milestone. In signing a binding agreement to negotiate final terms of a partnership and license agreement with a major corporation, CCTI is moving forward into the next phase of our technology build out.
The strategic partner is Jindal Steel & Power, an Indian multinational. The purpose of the partnership is to provide an immediate solution for Jindal’s high moisture, Indonesian Coal, and to jointly develop the market for our Pristine-M™ technology in key Asian markets. Our partnership with Jindal brings with it capital to build a 1/10-scale pilot plant in Oklahoma, working capital to improve our balance sheet; and a very high profile partner to help develop a business in one of the world’s large coal producing regions.
Since its inception, CCTI has been in the position of many companies in the world that own unproven technologies and are anxious to prove them out. The statistic on the success rate in the venture capital market is not encouraging. However, over the past nine months, our technology, most particularly Pristine-M™, has been subjected to thorough due diligence by highly qualified scientists and engineers from the United States and abroad. In this process, SAIC has been extremely supportive in the presentation of the industrial designs around the patents. Today, the idea that CCTI owns a best of breed process has been strongly endorsed and has culminated in the willingness of a major company to invest the risk capital needed to advance the technology.
We are fortunate not only because we are moving forward to build a pilot plant, but also because the preliminary terms negotiated with Jindal successfully align our interests.
The 2012 Outlook is Very Bright
CCTI’s technology has three basic applications. With the successful commissioning of the 1/10-scale pilot plant, which we expect to occur by about mid-year, the viability of our processes should be demonstrated. From there, we can explore many other distinct markets where our technology should be able to capture a meaningful share.
Our original patents were focused on cleaner coal, and on coal-to-liquids (CTL) applications. As we look around the world today, we appreciate that the market for each of these is substantial. Countries like China, as one example, have very little liquid fossil fuel but abundant low-grade coal. They are in positions not unlike Germany’s during WWII when CTL processes were first developed. Through the work that CCTI did in China between 2007 and 2010, we determined that CCTI’s Pristine™ process may be an ideal front-end component, bringing important synergies that improve the commercial viability and attractiveness of CTL. It is worth noting CTL-based fuels are devoid of many of the contaminants found in either raw coal or crude oil and, thus, are desirable from an environmental standpoint.
Cleaner coal is not an option; it is a requirement that, throughout the world, is being felt more intensely day by day. We believe one upshot of locating our pilot plant on the site of a U.S. coal-fired power utility in Oklahoma will be that it should serve as a critical first step for winning acceptance of our clean coal technology in the United States and, in time, the rest of the world.
Our Pristine-M™ process addresses the need for a coal that is dry and can safely travel long distances across the ocean without re-absorbing moisture. Pristine-M™ has attracted the interest of some of Asia’s leading companies to CCTI. Asia is an ideal market for Pristine-M™ until U.S. producers complete the infrastructure to enable large-scale export of clean PRB coal to Asia and the rest of the world.
We have a challenging and exciting year ahead. We believe that the market opportunity for CCTI is measured in the hundreds of millions of tons of coal that could benefit from each of our upgraded technologies. Completion of the partnership with Jindal and developing an aggressive business plan with them will be our core focus in coming months. At the same time, beyond what we hope to accomplish with Jindal, we will continue to put together our commercial platform by pursuing strategic partnerships covering our three products and the many areas of the world where coal continues to play a role in the energy economy.
We are very fortunate for the human capital at our disposal. We have a small, but skilled team inside the company, including our advisors, and a solid formal relationship with SAIC.
With your continued support, I believe that CCTI will succeed in its mission to build a leading company in the clean coal space.
Best Regards,
Robin T. Eves
Chief Executive Officer
CCTC shareholder letter from CEO:
http://www.edgar-online.com/bin/cobrand/?doc=A-1445109-0001144204-12-005396&nav=1&src=Yahoo
Dear Shareholders:
We Have Reached an Important Milestone
It is with a feeling of accomplishment and gratitude that I am able to report to our shareholders that, after many months of hard work and the dedication of numerous individuals inside and outside the company, CCTI has reached an important milestone. In signing a binding agreement to negotiate final terms of a partnership and license agreement with a major corporation, CCTI is moving forward into the next phase of our technology build out.
The strategic partner is Jindal Steel & Power, an Indian multinational. The purpose of the partnership is to provide an immediate solution for Jindal’s high moisture, Indonesian Coal, and to jointly develop the market for our Pristine-M™ technology in key Asian markets. Our partnership with Jindal brings with it capital to build a 1/10-scale pilot plant in Oklahoma, working capital to improve our balance sheet; and a very high profile partner to help develop a business in one of the world’s large coal producing regions.
Since its inception, CCTI has been in the position of many companies in the world that own unproven technologies and are anxious to prove them out. The statistic on the success rate in the venture capital market is not encouraging. However, over the past nine months, our technology, most particularly Pristine-M™, has been subjected to thorough due diligence by highly qualified scientists and engineers from the United States and abroad. In this process, SAIC has been extremely supportive in the presentation of the industrial designs around the patents. Today, the idea that CCTI owns a best of breed process has been strongly endorsed and has culminated in the willingness of a major company to invest the risk capital needed to advance the technology.
We are fortunate not only because we are moving forward to build a pilot plant, but also because the preliminary terms negotiated with Jindal successfully align our interests.
The 2012 Outlook is Very Bright
CCTI’s technology has three basic applications. With the successful commissioning of the 1/10-scale pilot plant, which we expect to occur by about mid-year, the viability of our processes should be demonstrated. From there, we can explore many other distinct markets where our technology should be able to capture a meaningful share.
Our original patents were focused on cleaner coal, and on coal-to-liquids (CTL) applications. As we look around the world today, we appreciate that the market for each of these is substantial. Countries like China, as one example, have very little liquid fossil fuel but abundant low-grade coal. They are in positions not unlike Germany’s during WWII when CTL processes were first developed. Through the work that CCTI did in China between 2007 and 2010, we determined that CCTI’s Pristine™ process may be an ideal front-end component, bringing important synergies that improve the commercial viability and attractiveness of CTL. It is worth noting CTL-based fuels are devoid of many of the contaminants found in either raw coal or crude oil and, thus, are desirable from an environmental standpoint.
Cleaner coal is not an option; it is a requirement that, throughout the world, is being felt more intensely day by day. We believe one upshot of locating our pilot plant on the site of a U.S. coal-fired power utility in Oklahoma will be that it should serve as a critical first step for winning acceptance of our clean coal technology in the United States and, in time, the rest of the world.
Our Pristine-M™ process addresses the need for a coal that is dry and can safely travel long distances across the ocean without re-absorbing moisture. Pristine-M™ has attracted the interest of some of Asia’s leading companies to CCTI. Asia is an ideal market for Pristine-M™ until U.S. producers complete the infrastructure to enable large-scale export of clean PRB coal to Asia and the rest of the world.
We have a challenging and exciting year ahead. We believe that the market opportunity for CCTI is measured in the hundreds of millions of tons of coal that could benefit from each of our upgraded technologies. Completion of the partnership with Jindal and developing an aggressive business plan with them will be our core focus in coming months. At the same time, beyond what we hope to accomplish with Jindal, we will continue to put together our commercial platform by pursuing strategic partnerships covering our three products and the many areas of the world where coal continues to play a role in the energy economy.
We are very fortunate for the human capital at our disposal. We have a small, but skilled team inside the company, including our advisors, and a solid formal relationship with SAIC.
With your continued support, I believe that CCTI will succeed in its mission to build a leading company in the clean coal space.
Best Regards,
Robin T. Eves
Chief Executive Officer
CCTC shareholder letter from CEO:
http://www.edgar-online.com/bin/cobrand/?doc=A-1445109-0001144204-12-005396&nav=1&src=Yahoo
Dear Shareholders:
We Have Reached an Important Milestone
It is with a feeling of accomplishment and gratitude that I am able to report to our shareholders that, after many months of hard work and the dedication of numerous individuals inside and outside the company, CCTI has reached an important milestone. In signing a binding agreement to negotiate final terms of a partnership and license agreement with a major corporation, CCTI is moving forward into the next phase of our technology build out.
The strategic partner is Jindal Steel & Power, an Indian multinational. The purpose of the partnership is to provide an immediate solution for Jindal’s high moisture, Indonesian Coal, and to jointly develop the market for our Pristine-M™ technology in key Asian markets. Our partnership with Jindal brings with it capital to build a 1/10-scale pilot plant in Oklahoma, working capital to improve our balance sheet; and a very high profile partner to help develop a business in one of the world’s large coal producing regions.
Since its inception, CCTI has been in the position of many companies in the world that own unproven technologies and are anxious to prove them out. The statistic on the success rate in the venture capital market is not encouraging. However, over the past nine months, our technology, most particularly Pristine-M™, has been subjected to thorough due diligence by highly qualified scientists and engineers from the United States and abroad. In this process, SAIC has been extremely supportive in the presentation of the industrial designs around the patents. Today, the idea that CCTI owns a best of breed process has been strongly endorsed and has culminated in the willingness of a major company to invest the risk capital needed to advance the technology.
We are fortunate not only because we are moving forward to build a pilot plant, but also because the preliminary terms negotiated with Jindal successfully align our interests.
The 2012 Outlook is Very Bright
CCTI’s technology has three basic applications. With the successful commissioning of the 1/10-scale pilot plant, which we expect to occur by about mid-year, the viability of our processes should be demonstrated. From there, we can explore many other distinct markets where our technology should be able to capture a meaningful share.
Our original patents were focused on cleaner coal, and on coal-to-liquids (CTL) applications. As we look around the world today, we appreciate that the market for each of these is substantial. Countries like China, as one example, have very little liquid fossil fuel but abundant low-grade coal. They are in positions not unlike Germany’s during WWII when CTL processes were first developed. Through the work that CCTI did in China between 2007 and 2010, we determined that CCTI’s Pristine™ process may be an ideal front-end component, bringing important synergies that improve the commercial viability and attractiveness of CTL. It is worth noting CTL-based fuels are devoid of many of the contaminants found in either raw coal or crude oil and, thus, are desirable from an environmental standpoint.
Cleaner coal is not an option; it is a requirement that, throughout the world, is being felt more intensely day by day. We believe one upshot of locating our pilot plant on the site of a U.S. coal-fired power utility in Oklahoma will be that it should serve as a critical first step for winning acceptance of our clean coal technology in the United States and, in time, the rest of the world.
Our Pristine-M™ process addresses the need for a coal that is dry and can safely travel long distances across the ocean without re-absorbing moisture. Pristine-M™ has attracted the interest of some of Asia’s leading companies to CCTI. Asia is an ideal market for Pristine-M™ until U.S. producers complete the infrastructure to enable large-scale export of clean PRB coal to Asia and the rest of the world.
We have a challenging and exciting year ahead. We believe that the market opportunity for CCTI is measured in the hundreds of millions of tons of coal that could benefit from each of our upgraded technologies. Completion of the partnership with Jindal and developing an aggressive business plan with them will be our core focus in coming months. At the same time, beyond what we hope to accomplish with Jindal, we will continue to put together our commercial platform by pursuing strategic partnerships covering our three products and the many areas of the world where coal continues to play a role in the energy economy.
We are very fortunate for the human capital at our disposal. We have a small, but skilled team inside the company, including our advisors, and a solid formal relationship with SAIC.
With your continued support, I believe that CCTI will succeed in its mission to build a leading company in the clean coal space.
Best Regards,
Robin T. Eves
Chief Executive Officer
CCTC shareholder letter from CEO:
http://www.edgar-online.com/bin/cobrand/?doc=A-1445109-0001144204-12-005396&nav=1&src=Yahoo
Dear Shareholders:
We Have Reached an Important Milestone
It is with a feeling of accomplishment and gratitude that I am able to report to our shareholders that, after many months of hard work and the dedication of numerous individuals inside and outside the company, CCTI has reached an important milestone. In signing a binding agreement to negotiate final terms of a partnership and license agreement with a major corporation, CCTI is moving forward into the next phase of our technology build out.
The strategic partner is Jindal Steel & Power, an Indian multinational. The purpose of the partnership is to provide an immediate solution for Jindal’s high moisture, Indonesian Coal, and to jointly develop the market for our Pristine-M™ technology in key Asian markets. Our partnership with Jindal brings with it capital to build a 1/10-scale pilot plant in Oklahoma, working capital to improve our balance sheet; and a very high profile partner to help develop a business in one of the world’s large coal producing regions.
Since its inception, CCTI has been in the position of many companies in the world that own unproven technologies and are anxious to prove them out. The statistic on the success rate in the venture capital market is not encouraging. However, over the past nine months, our technology, most particularly Pristine-M™, has been subjected to thorough due diligence by highly qualified scientists and engineers from the United States and abroad. In this process, SAIC has been extremely supportive in the presentation of the industrial designs around the patents. Today, the idea that CCTI owns a best of breed process has been strongly endorsed and has culminated in the willingness of a major company to invest the risk capital needed to advance the technology.
We are fortunate not only because we are moving forward to build a pilot plant, but also because the preliminary terms negotiated with Jindal successfully align our interests.
The 2012 Outlook is Very Bright
CCTI’s technology has three basic applications. With the successful commissioning of the 1/10-scale pilot plant, which we expect to occur by about mid-year, the viability of our processes should be demonstrated. From there, we can explore many other distinct markets where our technology should be able to capture a meaningful share.
Our original patents were focused on cleaner coal, and on coal-to-liquids (CTL) applications. As we look around the world today, we appreciate that the market for each of these is substantial. Countries like China, as one example, have very little liquid fossil fuel but abundant low-grade coal. They are in positions not unlike Germany’s during WWII when CTL processes were first developed. Through the work that CCTI did in China between 2007 and 2010, we determined that CCTI’s Pristine™ process may be an ideal front-end component, bringing important synergies that improve the commercial viability and attractiveness of CTL. It is worth noting CTL-based fuels are devoid of many of the contaminants found in either raw coal or crude oil and, thus, are desirable from an environmental standpoint.
Cleaner coal is not an option; it is a requirement that, throughout the world, is being felt more intensely day by day. We believe one upshot of locating our pilot plant on the site of a U.S. coal-fired power utility in Oklahoma will be that it should serve as a critical first step for winning acceptance of our clean coal technology in the United States and, in time, the rest of the world.
Our Pristine-M™ process addresses the need for a coal that is dry and can safely travel long distances across the ocean without re-absorbing moisture. Pristine-M™ has attracted the interest of some of Asia’s leading companies to CCTI. Asia is an ideal market for Pristine-M™ until U.S. producers complete the infrastructure to enable large-scale export of clean PRB coal to Asia and the rest of the world.
We have a challenging and exciting year ahead. We believe that the market opportunity for CCTI is measured in the hundreds of millions of tons of coal that could benefit from each of our upgraded technologies. Completion of the partnership with Jindal and developing an aggressive business plan with them will be our core focus in coming months. At the same time, beyond what we hope to accomplish with Jindal, we will continue to put together our commercial platform by pursuing strategic partnerships covering our three products and the many areas of the world where coal continues to play a role in the energy economy.
We are very fortunate for the human capital at our disposal. We have a small, but skilled team inside the company, including our advisors, and a solid formal relationship with SAIC.
With your continued support, I believe that CCTI will succeed in its mission to build a leading company in the clean coal space.
Best Regards,
Robin T. Eves
Chief Executive Officer
Fred won't take much buying volume to get this moving up to higher highs in power hour, ask side is thin, most of the nervous nellies are out.
Fred the Masterplan is coming together........Just don't sell out too early on it though this baby has some LONG LEGS, one day you will see the mother of all bluesky breakouts, the first when this agreement is signed, and a HUUUUGGGGE one when this plant is up and running fulfilling all promises, when that happens we are talking multiple dollars here Fred. Fred we are talking the kind of money that you will be able to build such a big house you won't see "dummy" for days. Get the Champipple ready.
CCTC
You know better than anyone these other deals were handled by previous management who did not have the experience the current does. It seems Mr. Eves is capitalizing on his ties with India, and once this technology is proven lets see where this goes. I'm sure we will have to buy a case of new pens to sign all the contracts lined up at the door.
I already know your initial response to the following question will be the techology will never work because _____ (fill in the blank with any negative repsonse you want), but this is the question. Would anyone care to guess where the share price would be when Pristine is up and working in a plant,and the technology does anything close to what SAIC says it will do? Where would we be share price wise?
Check out the bold part of this Fred some may have forgotten about his background and birth country, looks like his ties to India are paying off. Keep the Champipple cold.
Robin Eves - Director, President, CEO
Robin brings to CCTI over thirty successful years of global experience in all aspects of the energy markets. He has held senior management positions in London, Geneva and the US. Robin has concluded business in the US, Europe, Russia, the Middle East, Africa, South America and more recently in India and Asia. He has extensive experience in India (his birth country) and has strong industry and political contacts throughout the world.
During his career , Robin has specialized in joining small teams of professionals and has successfully built them into global companies or divisions within larger organizations. He has very strong banking contacts in the US and Europe and brings the confidence of the investment community to CCTI and the interest from several large funds.
He is an expert at extracting value throughout the energy value chain and his extensive knowledge of the business cultures and ethics throughout the world will be a very valuable addition to our team as we build our Indian, Asian and Far Eastern businesses.
Robin has held senior positions in companies such as Cargill, Enron and UBS where he was a Managing Director.
CCTC
Government to put a cap on energy usage by companies
Piyali Mandal / New Delhi Jan 12, 2012, 00:19 IST
Programme will create world’s largest energy saving certificate-trading platform.
Big corporations in India, including Tata Steel, Jindal Power and NTPC, will have to keep a tab on power usage at their plants as the government is setting a cap on the energy consumption of large corporations.
According to officials, the Bureau of Energy Efficiency (BEE) has drawn a list of about 477 plants belonging to different corporations and has set targets on their energy consumption. The move is aimed at improving the energy efficiency of the Indian industry.
SAVING POWER
* First ever Indian energy savings certificate trading market to be created
* It aims to keep in check the energy consumption level of large corporations
* 477 plants belonging to different companies to be a part of the initial list; it includes private firms as well as PSUs
Companies overshooting their cap will be penalised while those achieving the target will be rewarded with tradable permits.
The programme is expected to create the world’s largest energy saving certificate-trading platform. Once implemented, companies that achieve their target would be given permits. Corporations that fail to achieve their target have to compensate for their failure by buying permits. If they fail to do either of this, they may have to pay penalties.
The energy consumption reported by plants will be based on audit by any of the BEE accredited agencies. The programme includes plants across eight sectors, including steel, fertilizer, oil refineries, paper mills, thermal power plants and others. Some of the plants included in the initial list belongs to Tata Steel Ltd, Tata Power, Jindal Steel and Power, Jindal Power, Reliance Energy Ltd, Reliance Industries Ltd, Hindalco Industries Ltd, Birla Corporation Ltd among others.
Even PSUs like NTPC, Rashtriya Chemicals and Fertilisers Ltd, etc, are part of the list. The Bureau of Energy Efficiency will be the implementing and regulatory agency for the same.
“The programme has been designed after broad industry consultations. Initially, companies were worried about the base period and the methodology followed for arriving at the targets. But the issues have been resolved and the government would soon come out with a gazette notification,” said Prodipto Ghosh, chairman (environment committee) of FICCI.
Globally, there are small energy saving certificate-trading platform in Netherlands and Germany. But, this would be the largest such trading platform in the globe, Ghosh added.
According to a senior official at the BEE, “The industry consultation is over. We will notify the companies about the energy cap soon. The process would start in March, 2012.”
The companies would be given a time-period of three years to achieve their targets. The first tradable certificate is likely to be issued in 2013. The energy permits would be traded monthly.
The initiative is a part of the government‘s National Mission on Enhanced Energy Efficiency (NMEEE), which is one out of the eight missions planned under the National Action Plan on Climate Change.
The Perform, Achieve and Trade scheme is a market-based mechanism to enhance energy efficiency in large energy-intensive industries and facilities. According to Professor Shreekant Gupta of Delhi School of Economics, “This is a very progressive idea. The perform, achieve, trade scheme focuses on the aggregate target rather than individual quota. It also offers flexibility to the companies. Firms failing to meet their targets can buy certificates from firms which are more energy efficient.”
Considering the vast potential of energy savings and benefits of energy efficiency, the Energy Conservation Act 2001, was amended in 2010. One of the key amendments was that the government might issue energy savings certificate to the designated consumer whose energy consumption is less than the prescribed norms and standards.
Fred did you notice the 1.2mil on the bid side, looks good to me, this drop yesterday was definetly an overblown knee jerk reaction, keep your Champipple on ice you never know.....keep the Dummy away from it though there are too many around here for sure. lol
Go CCTC
They as well as other countries are hungry for coal:
January 25, 2012 3:03 pm
Energy: Rush to buy foreign coal assets
Few things illustrate the promise and peril of India’s increasingly global corporate sector than the troubles it has encountered in search of one of the world’s most basic commodities: coal.
In recent years, Indian, energy companies have rushed headlong to buy coal assets overseas to meet ever-increasing domestic and industrial demand. But this expansion, which began as an exciting story of an emerging industrial powerhouse boldly entering a global dash for mineral resources, quickly turned into something more chastening.
India’s need for coal is clear. Its power sector is growing briskly, although not yet briskly enough – hence a government target to introduce 100,000 megawatts of new capacity between 2012 and 17.
Most of this will come from coal-fired power stations, which India should, in theory, be able to supply from domestic reserves. The country is the world’s third largest coal producer, and sits on more than 7 per cent of global recoverable reserves, according to the World Energy Council,
It also boasts a powerful domestic industry, dominated by state-run Coal India. This raised $3.5bn in India’s biggest initial public offering to date in 2010, and was briefly rated as the country’s most valuable company last year. The coal industry also does not lack for manpower: it employs more than 450,000 people, making it India’s second largest after the railways.
Yet despite this combination of economic might and rich resources, India’s state-dominated coal sector remains mired in inefficiency. Its reserves are of mixed quality, and tend to be located in inhospitable parts of the country. Corruption is also a problem, with illegal mining so rife that the states of Goa and Karnathaka brought in all-out mining bans until the authorities could bring the situation under control.
The result is a looming gap between what the economy needs and what the domestic industry can produce; a gap that could be as large as 200m tonnes a year by 2017, according to Sriprakash Jaiswal, national coal minister.
India is already seeing a steady rise in coal imports, up by 8 per cent in 2011 according to India Coal Market Watch, an industry publication. But it has been a profusion of cross-border deals over the past two years that has really caught the eye of analysts.
Energy companies began spending in earnest in 2010, most notably when Adani, one of the nation’s largest private sector coal importers, bought assets from Australia’s Linc Energy. It followed this in May 2011 with the purchase of the Abbot Point Coal Terminal in Australia for almost $2bn.
In September, GVK, a power group, paid $1.26bn for assets owned by Australia’s Hancock Group. Other businesses, from Tata Power and Anil Ambani’s Reliance Power to London-listed Essar Energy, have also been in on the act, striking deals in Australia, Indonesia and, further afield, in Africa.
These moves may seem a neat way to sidestep domestic logjams, but they have not been without their problems.
The first has been value for money. Analysts think many of India’s power companies paid over the odds for their assets. But even those that did not have seen the international price of coal moving against them.
Sajjan Jindal, chairman of JSW, India’s third largest private steel company by market capitalisation, admits the cost of coal has become an issue. He says: “The global price of thermal coal has gone up significantly, leading to significant differences in the price of Indian domestic coal, which is controlled by the government, and international coal.”
Particular countries have come with specific problems too, such as in Indonesia where the government has recently mandated coal price increases to stop foreign businesses striking cheap deals.
If the prices have not been as attractive as the Indian companies had hoped, managing the assets has proved to be even more complicated, not least because the deals often required large investment projects in ports and railways before the coal could be exported.
KPMG, the consultancy, also notes in a report that India’s power sector has been marked by “a plethora of new projects announced by the private-sector companies, many of which are negligible or have no prior experience”, and many of which have also struggled to manage their supplies abroad.
But the difficulties have hit more established companies, too, including both Tata Power and Reliance. Both had build a new generation of “ultra-mega” power stations, capable of producing 4000MW. But both have also found their first such projects delayed because of a lack of coal, either from home or abroad.
Part of the solution to this mess will come from increased domestic supply, something the industry’s leaders are lobbying the government to deliver. The country has also set up a government panel to unblock stalled infrastructure projects, which may also look at the problems of power supplies.
But even if this succeeds, India’s coal gap will remain – and so the industry’s international expansion is likely to continue too. The companies that went abroad first must hope they learnt from their early lessons.
Fred be ready for the fake rug they are going to try to pull on us this morning, that may be your cue to try to grab a few more shares before it runs back up, although I have seen them try to drop it recently with no luck...good luck to you Fred and good day to all in cctc ......Fred I am happy to see you did not celebrate TOO much last night at least you made it out of bed
If we break 8 or close to it we could look like this from 2010:
http://stockcharts.com/c-sc/sc?s=CCTC&p=D&st=2010-02-01&en=2010-03-08&i=p30583849415&r=8501
CCTC
Fred considering Mr.Eves seems to be a classy guy I would probably go with Champpipple don't drink too much though I would hate for you to miss the news and the next leg up on the PPS I believe the nervous nellies were dropped today so I think we have blueskies ahead the ask was thin all day. I do believe Mr. Eves was smart with this move PR the board meeting has voted their approval get some interest and movement in the PPS and drop the PR bombshell with more eyes on the stock we should be golden here soon Fred.....you might be able to buy that nice big screen soon.
Grab you a little ripple Fred grease up your arteries because when they let this baby go it will be a rocketship, make sure you are sitting down when the news hits because I'd hate to loose you before you hit it big with CCTC would like to see you move out of Watts and up to Beverly Hills good luck to you Fred
I think the whales are circling the ship now lol unless the volume completely dries up I think we will see more action today.
I need a loud holla from the birdie lol
Sticky worthy. Thank Sid.
I AM a shareholder and I am not offended by his comments why would YOU be?
Thanks for your response, mine just like yours is just an opinion I just think the issue will never be resolved and all the postings do is keep negativity about the issue going just like the energizer bunny, have a great weekend everybody.
Jax I really think this needs to be dropped as I said there is no proof anybody was in the queue except for the one person who asked their question. We are debating a non-provable issue.
I think also one factor some are not taking into account is the longer this Euro/U.S./World economic crisis drags out the better that will be for companies like QSGI because if you need to cut cost but you need to upgrade your system or expand wouldn't you use a company like QSGI? ......think about your own business in these tough times.
My problem here is we don't have proof that anyone was actually in the queue to ask a question for all I know this could be another attempt to smear this companies name again not saying I don't believe you Jax, but there are some others here who don't mind getting a dig in at the company every chance they get.....so this being one of those chances because there is no way to prove either way they did not take their question.
Upbeat music I think that is a subliminal message lol
That was me ready for a rocketship now lol
Big spender amongst us here 300 shares I fear a takeover bid is starting lol
I've been waiting for 45 minutes for the coverage on cspan or court tv no luck so far, where is our in court reporter today I think we need to hire a new one.
You need a better poker face than that lol
Ken missed the boat on this one...lol
http://m.cnn.com/primary/_INfVOg-iEmTcsJud6P
Do you write for hotstocked.com , same words written there early this morning.
I get that but I do think it benefits all involved to have a larger audience when thing do start rocking and I also think the davis thing would have worn off by now if there were not something more in the works just an opinion nothing to resolve either statement but time itself.
So Asegal and others in all seriousness from the following quote:
"Obviously, Clean Coal's new management team of Mr. Robin Eves, CEO and Ignacio Ponce de Leon, Chief Operating officer continues to achieve ultra dynamic results in the commercialization of CCTC's patented Pristine-M™ technology which should dramatically impact share holder value in the 2011-2012 timeframe."
The 2011-2012 timeframe comment, since they included 2011 in the timeframe should we conclude that things could happen by the end of the year? I guess something is happening now by the price movement.
Odd trading yesterday, especially with the odd pre-market paint. We are now on roughly a month and a half run, unlike some of the other runs we have had before, we could be on the brink of something good soon, doubt we would see this much buying on charts speculation or pump, I think something bigger is in the works here, I think there has been too much buying and small daily moves, I think a pump campaign would have had a faster move upward, no way to find out other than wait for some definitive news.
I predict a flat close or possibly higher than. 0293 minus paint....asegal I expect to hear from you first if I'm wrong....great week here looking forward to next week.
Very sensible post.
You have been calling for the SEC and illegal activity since early 2010, its coming up on 2 years I guess they are really busy, I'm just like you on the insider trading I don't have a clue if thats the case or not, I just like the PPS going up, I'm sure you do as well Asegal unless you have already dumped your shares. Good luck to you.
I hope all this major dump of cash into CCTC keeps coming in for a few more weeks don't you Asegal? Keep up the good work here. I wonder if the reason CCTC is moving up could be because the SEC could have cleared them of all "accusations"? Never know huh? Chart looks great I thought we would have had a little breather here, but it still looks strong.
$0.0289 30,000 OTO 15:56:58
$0.0289 15,950 OTO 15:50:16
$0.0280 25,000 OTO 15:46:50
$0.0280 10,000 OTO 15:43:16
$0.0280 100,000 OTO 15:42:51
$0.0279 63,550 OTO 15:42:07
$0.0279 2,400 OTO 15:25:07
$0.0279 5,000 OTO 15:24:39
$0.0277 102,392 OTO 15:24:35
$0.0275 100,000 OTO 15:24:24
$0.0279 10,000 OTO 15:24:18
$0.0279 93,000 OTO 15:21:23
$0.0279 7,000 OTO 15:21:18
$0.0270 12,240 OTO 15:05:00
$0.0270 17,000 OTO 14:52:09
$0.0279 20,000 OTO 14:19:09
$0.0279 22,600 OTO 14:17:36
LOL, look at the trades. IMO someone is setting up for a major dump.
Price Size Exch Time
$0.0290 6,000 OTO 14:06:30
$0.0290 6,000 OTO 14:06:30
$0.0290 4,000 OTO 14:05:52
$0.0290 4,000 OTO 14:05:42
$0.0270 50,000 OTO 14:05:29
$0.0290 4,000 OTO 14:05:03
$0.0290 4,000 OTO 14:04:37
$0.0270 5,000 OTO 14:04:17
$0.0270 4,000 OTO 14:03:54
$0.0267 13,000 OTO 14:02:19
$0.0267 4,000 OTO 14:01:32
$0.0260 5,000 OTO 14:00:26
$0.0260 5,000 OTO 14:00:26
$0.0260 30,000 OTO 14:00:00
$0.0260 5,000 OTO 13:59:55
$0.0260 9,050 OTO 13:59:45
$0.0260 4,000 OTO 13:59:00
$0.0250 10,000 OTO 13:58:27
$0.0250 50,000 OTO 13:58:18
$0.0250 28,500 OTO 13:58:09
$0.0249 3,034 OTO 13:57:55
$0.0249 100,000 OTO 13:57:52