Retired.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
We know what you mean! The kind of news that should bring in buyers would be an actual contract for immediate shipments. But even then, if that happens soon, I think some time will be needed to complete and shake-down the latest T-AGG design changes, and begin to manufacture them as fast as possible.
Meanwhile, did you all catch the statement that more improvements are being added to the T-AGG, which are expected to make it even MORE attractive in making faster and more efficient shipping/handling of sand and barite( plus other materials, as needed)? That could be HUGE for future business.
Pennys, I assume that was EXCELLENT NEWS! (???)
Pennys, I haven't been watching Benny Hinn, but know who he is. Did you know that a man like Benny, named Kim Clement, has suggested Doublecrown as a good investment?
I think a lot depends on just how advantageous the Transprop AGG REALLY IS. If it is truly a great advantage, we should benefit from both direct sales and very possibly patent licence fees from others who want/need to use them( assuming the patent is granted)! [:?)
Volume should pick up once it breaks above 3 cents, or good news, whichever comes first! [:>))
May not be a lot of action until news of the trial Barite shipment is officially announced. If that report includes significant follow-up orders from that first customer, it could kick off huge buy orders for DDCC stock! [:?)
I got a reply from the Corporate Secretary to my question on the trial Barite shipment. She said it has not been finalized yet, and couldn't give out interim info until it is officially reported. However, she DID say that a good report was expected, and to keep watching for the official report when it is released.
That seems to be a commendable foundation to sponsor, and could even help future business relationships with the SE Asian countries.
Where did you come across this info, as I couldn't find it anywhere on their website?
I agree, Scout, and really feel the exporting of oil and LNG from huge increases in fracking will do a lot for our national debt(and for DDCC, once they get shipping)!
They MUST have feedback to report on that trial shipment of Barite. I get no company response where I send a question? [:^(
NEWS, NEWS, NEWS!!!!! Not much will happen, IMHO, without a good report on financing!
Double Crown Resources Exhibits at Midland Energy Expo, Meets with Major Oil Industry Customers on Finalizing Contracts
New Presentation Available on High Grade Barite Source from China
HENDERSON, Nev. (BUSINESS WIRE) -- Apr. 14, 2014 -- Double Crown Resources, Inc. (OTCQB: DDCC), a fully reporting company, (hereinafter, "Double Crown"), is exhibiting this week at Midland Energy Expo held in The Horseshoe Arena of Midland, Texas. Sponsored by The Permian Basin Petroleum Association, Midland Energy Expo runs on April 14th & 15th featuring important oil industry companies coming together to present their latest products, services and technology innovations as well as network with industry colleagues for mutual commercial interest. Double Crown management will also be meeting with representatives of several major petroleum industry companies while at this event to help finalize high value contracts that are currently in late stage development. Double Crown's exhibit can be found in booth 216 at this exposition. Interested persons are invited to visit and meet with Double Crown officers to discuss all of the oilfield supply and support products and services we offer and learn first-hand about our latest company developments, assets, products, logistical capabilities and future plans. Be sure to check Midland Energy Expo's website for public access times: (http://www.midlandenergyexpo.com/).
Recently, Double Crown announced the signing of an 8 year Master Purchase Agreement for high grade barite from a strategic mineral mining company in China. This valuable new product source is JS Mining Group Company, Ltd. (http://www.jsky.cc/). A detailed photo/slide presentation provided by JS Mining Group Company outlining their properties, mineral assets and operations is now available on the Double Crown website at this direct link: http://www.doublecrownresources.com/component/content/article/8-site-pages/48-china-photos.html. In total, JS Mining Group Company has 6 separate mines for high grade barite and reports they have a total capacity of at least 7,000,000 metric tons of raw mineral product. Logistical planning is currently being made for the shipments from China of 30,000 metric tons of high grade barite per month, commencing after a contract is signed (market value approximately $5.5 million per monthly shipment). This shipment schedule is being planned specifically for a long-term oilfield service contract with a major petroleum drilling company. The customer for this sale of high grade barite, with whom we hope to execute a finalized contract, will be meeting with our company officers at Midland Energy Expo this week.
Double Crown President Allen E. Lopez stated, "I am very much looking forward to being at Midland Energy Expo and presenting all that our quickly growing company can offer to petroleum drilling customers on every level. We elected to exhibit at this industry event because of its specific focus on drilling operations in the Permian Basin which, like all the shale oil regions, holds such great potential for the future's sustainable energy production. Our worldwide range of top quality oilfield proppant minerals and related products combined with the strategic alliances we now have in place for material processing and delivery to both on-shore and off-shore drillers has made Double Crown Resources into a best choice solution provider. We can significantly help any size petroleum drilling company optimize its results in the key terms of efficiency, economics and environmental protection. Midland Energy Expo is an excellent opportunity for us to showcase what we can do."
About Double Crown Resources, Inc.
Double Crown Resources, Inc. is a natural resource exploration and development company holding a 100% interest in the Bateman gold & nickel prospect near Thunder Bay, Ontario, Canada. In addition, Double Crown is targeting new properties as well as oilfield supply & service projects that have the potential for near-term positive cash flow. The company is presently reviewing a number of new natural resource properties that are near to, or in production, located in North, South and Latin America. Multiple oilfield service projects are currently under active development. Double Crown Resources, Inc., originally founded in 2006, is based in Henderson, NV.
Neither this press release nor any related calls or discussions constitutes an offer to sell, or the solicitation of an offer to buy, any securities.
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Double Crown Resources, Inc., please refer to its website at http://www.doublecrownresources.com/.
CONTACT:
Double Crown Resources, Inc.
Jerold S. Drew, CEO & Chairman of the Board
10120 S. Eastern Ave. Suite 200
Henderson, Nevada 89052
Phone: (707) 961-6016
Email: info@doublecrownresources.com
Copyright Business Wire 2014
-0-
KE
Penny's, it is possible, I guess, if Zion in fact is/will be using fracking to get oil and/or gas, but probably not too likely. I would think they could get whatever drilling materials they need closer to Israel.
Profitscout, I read your request, but cannot figure out how to attach the yellow tag and message? By the way, I did not ask to be named a moderator!
Perhaps. But remember, that denial is being challenged, plus it is only a portion of the total financing package that can always be replaced from another source. I wouldn't be surprised that BFRE is at its low right low.
Perhaps. But remember, that denial is being challenged, plus it is only a portion of the total financing package that can always be replaced from another source. I wouldn't be surprised that BFRE is at its low right low.
Needs to check out .0025 again before starting back up, barring good news!
Speaking of faith, I think that is what has kept Arnie Klann strong in holding on as long as he has! I believe his faith will be richly rewarded if only he doesn't give up, and we also will share in his rewards!
Good question! We know they have been talking with Huadian in China, and possibly Chinese banks regarding financing for possible plants in China as well as the US( Fulton, MS), but have heard very little since signing that MOU with Huadian a couple years ago.
Anyone have any recent info on a potential China deal?
I think the start of an actual up-move based on this news(reduction in selling orders) will do more to bring in more buyers than this news itself! Hopefully, this will start very soon now.
Bear in mind that the Korean deal is to produce sucrose only ( using BFRE's new SucreSource subsidiary), and that they can then convert that into anything they want, within the chemical limitations available from sucrose(sugar). Plus, they have a secrecy agreement, so little is known to us about their present progress.
We don't even know what they use as feedstock, nor whether or not Bluefire has any continuing relationship with the Korean company, assuming the cellulosic plant(s) are up and running, which is my guess. Their cellulosic conversion process was pretty well proven out in Japan some years ago. My guess is also that the Koreans are pretty much on their own now, with little if any continuing relationship with BFRE.
My guess is the KIOR fiasco, at this time, more than offsets any potential aid to cellulosic ethanol producers, at least for those who are not yet in production, as in the case of BFRE.
I am convinced that BFRE has a very profitable, efficient process. However, that is not a significantly known factor until they actually begin producing and reporting results. We all know the key here is whether or not banks, and/or potential buyers of Bluefire, assuming Klann would be willing to give up control, have confidence that BFRE can make good profits. Their confidence in this is influenced by the experience of similar companies, such as KIOR.
While we have minimal news on the Korean deal, it seems that this is probably successful to date, in producing cellulosic sucrose( which can be converted to ethanol, or related chemicals). If truly successful, this can lead to non-American financing for BFRE, such as China, where discussions have been underway with Huadian and probably Chinese banks.
I suspect the DOE is backing off due to their dismal success record backing other new energy sources. Hopefully, BFRE will win their appeal with DOE.
I think the breakthrough will come from a foreign bank and/or Huadian, once they realize that BFRE is not an economic hazard as most other solar, etc., new energy types have proven to be. [:^(
Deanna, BFRE is having a hard enough time getting into the business they are already invested in! You can't find lower cost raw materials, nor any that use less land, than when you use someone else's waste materials.
I just hope some bankers will see the long-term advantages of funding such an efficient process for producing sugar, and all the products that can be derived from sugar ( for now, it is mainly ethanol).
Should be hearing about that trial shipment soon now! [:?)
10% of the outstanding stock traded hands today( over 6 million).
It is probably a possibility, however they chose Fulton due to its being near good timberland operations. Most corn ethanol plants seem to be near the fertile corn producing lands in the upper midwest.
I think another possibility may be a partial or even total sale to a major financer who could become a major owner of Bluefire. For instance, Valero bought several corn-ethanol plants a few years ago when they were all struggling financially, and now Valero is profiting from using a lot of their own ethanol blended into their gasoline.
They will never hire the shovel guy from more stock dilution. Total financing in some sort of packaging is needed before they start construction.
It would REALLLY be in oversold land if Pres. Klann were to report success for all financing to finish Fulton plants( one ethanol, one smaller wood pellet processing plant).
My understanding is that little or nothing more is likely until the total financing is complete. No word on how the Huadian negotiations in China, or discussions with Chinese banks are going?
It is believed the addition of revenue from the added wood pellet capacity (for European usage) has helped to satisfy bankers' requirements.
I just got a feeling some of the accumulators have some knowledge of how the financing negotiations are coming!
How far under the earth's surface must they drill before someone decides the words, "fossil fuels" no longer accurately describes the origin of oil and gas within the earth? [:^)
Would sure like to know how negotiations with Huadian and Chinese banks are going, as well as with DOE on the appeal to reverse their decision?
Thanks for the background info. We have known about BFRE adding wood pellets to add more sales to the Fulton facility. I don't recall any info on what extra cost that requires, as it seems a separate plant may be needed to prepare the pellets. Hopefully, it will be a small fraction of the complete hydrolysis plant needed to produce ethanol from the waste wood materials.
Arnie Klann apparently thinks the banks are happy with the net effect of adding wood pellets, so let's be expecting a breakthrough in financing soon now!
For a small number of technically experienced people they are certainly getting a whole lot of big projects proposed and accepted by new clients!
Of course I know they will sell for more than they pay and their handling costs: My real question is, and with no fear in it, is whether they will be able to sell high enough to make a really good profit from their selling price? We may not know this with any certainty until they begin selling Barite and sand and reporting quarterly earnings.
Also, Pennys, I am aware that there is oil located at the, "foot of Asher", and that Israel will be profiting greatly from it, and from just offshore their land. Have you heard that Kim Clement has mentioned the word, "doublecrown" as something to be profitably invested in?
I am not really skeptical about this, but did notice they speak of $80M of GROSS refined Barite sales to drillers, meaning the cost of the Barite to DDCC, as well as their processing/shipping and overhead expenses need to be subtracted from that (projected) $80M in gross sales. That leaves the question: What is the projected NET income for DDCC?
Anyone venture to make a guess? Has DDCC ever reported anything on this? I HOPE it will be HIGH, but have no idea what they can sell it for vs. what they must PAY for it???
Me too! [:^) I hope you are right, since it seems strange that a company with limited finances and no earnings could have sole access to a large source of barite? Anyone have an answer to this???
I think you are right, and I am pretty sure the T-AGGs are truly a game-changer in the supplying of barite and fracking sand, so I look forward to some real breakthroughs in coming months at DDCC. My earlier concerns were simply that I feared they were not making the containers fast enough to be ready for a large order! Probably they are watching expenses, and waiting for a true customer success before committing to a fast ramp-up in production/construction.
If Logistica has all the shipping aparatus and the material, one wonders why they will need DDCC at all, for long term shipments? Couldn't they simply lease the T-AGGs, assuming they fulfill their claims, and otherwise bypass DDCC in future contracts?