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.
I am more irritated that they had to file an extension on the 10K. That is really a bad habit and is indicative of poor planning. Not exactly instilling confidence in company operations. Naval - perhaps you can ask management why they do not seem to think financial reporting is important enough to make it a priority in the planning process. It took almost a year for an independent accounting firm to update and bring current all of the filings. Both filings since that time required extensions. I understand there are a lot of things that a company cannot control. But they can control this. They need to fix it.
Supposedly they wanted to see revenues to remove the chill. I figured things would be quiet into August. I will be very disappointed if we get into mid August and things are still this quiet.
Yes - some people may not agree with the science, estimates or lack of regulatory requirements, but Apache has clearly thought about all of these things and addresses them in some detail. Time will tell if their process truly does limit regulatory requirements and/or is able to produce results that they state it will. But calling a a company fraudulent because you don't accept their business model is a very poor leap in logic.
To be honest I have no idea what they are talking about with the diamonds and the original PR that was not put out by CTDT. The comment about seed diamonds never made sense. The follow up PR from CTDT does not make sense. I can see some strategic reasons for the purchase but certainly not for diamonds or other precious stones. It does not fit at all. It would be nice to hear some clarification on that.
Good morning
LT was quirky but he was very intelligent and well organized. CTDT has greatly missed the organizational skills he brought.
In the spirit of full disclosure the report Mr. Snaper did on Royal Minings fly ash project was the SECOND report done on the process. The first (appendix C of the document linked to) came to this conclusion:
Conclusion: When the fly ash samples were subjected to the proprietary hydrometallurgical chemical treatment furnished by Royal Mines, measurable gold assays were reported in the solid residue (cake)
by SGS laboratories, an accredited analytical lab, using conventional fire assay procedures. The Royal Mines treatment appears to make available to the fire assay previously undetectable gold values from
the starting solids. The report was done by:
Andrew Neale is a mining industry executive with over 20 years experience in all facets of production, including operations, engineering management, environmental management and government relations. He was previously Vice President- Technical-Services for Freeport McMoRan Copper and Gold in both Indonesia and New Orleans. Andrew has a BSc and MSc in Mineral" Processing Engineering from the
University of Alberta, and is a registered professional engineer in the province of British Columbia. Ish has over 19 years experience in the field of extractive metallurgy, mineral processing and research
and development. He obtained his BASe and MASc degrees in Metals and Materials Engineering from The University of British Columbia, and is a registered professional engineer in the province of British
Columbia.
Both Andrew Neale and Ish Grewal are independent consultants to Royal Mines, hold no formal position with Royal Mines, and have no financial interests in the outcome of these studies except in regards to
the cash compensation they will receive for completing this work. There are no circumstances that could, in the opinion of a reasonable person aware of all relevant facts, interfere with the judgment of either individual regarding the preparation of this memo.
So Mr. Snaper validated what they already determined. I think most would agree that there is Gold in Arizona. Argue diamonds all day long but Gold is pretty conclusive. I am not sure why anyone would think it impossible to find new and better methodology to extract it. Whether or not it can be done profitably by Royal Mines is a completely different question. But I don't think we should act like Mr. Snaper is a nut case because he was contracted by a firm to verify their process using scientific processes and analysis. Especially considering he came to the same conclusions that the prior highly qualified consultants came to. I am just not sure where the relevance is to CTDT.
Hey guys I thought you might find this video interesting. I am not sure the science and machinations are quite the same but you can get a sense of how the magnatek process will work, even if the science is somewhat different. Perhaps a better science mind on the board can comment on this- Note a few things in the video - first the fact they need a chamber to contain the force and second just how quick the flash is when they flip the switch.
Explain to me how anyone involved in CTDT has profited at this point. If they had I would have a problem. But to this point they have invested a substantial amount of their own time and money. Much more than you or I have.
Also explain to me how an entity registered and structured as a business with a Federal EIN, registered in the state of Nevada and possessing a business license with the city of Las Vegas is NOT a REAL company.
Now if you want say they have not produced like COKE or McDonalds or ever turned a profit go for it. But they are an R&D company. If OTC and pinks bother you then you made a wrong turn somewhere.
I did not divest myself of my Coca Cola stock when they came out with "new coke" nor did I divest my McDonalds stock when they decided to be a healthy fast food chain. The decisions were terrible and cost the companies millions of dollars. But they still had value. I doubt any of us could find a company that had made zero mistakes. You lose your shirt when you over react to these things. Fixating on them does not help. If CTDT changes direction completely and takes their focus off of what their core purpose is I will get concerned. I can't say I understand the "purchase and PR". But I am not going to over react to it. At some point we will know if there was a strategic purpose for it or if they just made a big blunder. If they did then in the long term it will just go down as a bad decision. No harm and no foul. If you don't understand why they did it or why they PR'd the way they did then they are just a phone call away - 702-382-3385 - They can answer your question a whole lot better than anyone on this board.
Maybe because Snaper was going to buy the components and put it together himself. With the additional R&D requirements may have changed and that has been several years so it could be much different now. I have no idea.
Thanks Wymont - Continuing on:
Even a middle school kid should know that diamond is just carbon subjected to significant heat and pressure, right? The current methods of diamond manufacturing both use that formula. Just in different ways. It takes weeks to months of high heat and pressure using these methods. The energy required to do so is substantial and still they can be produced cheaper than mined alternatives.
We all know we can continue to improve on technological processes. We see it everyday. So why should it be a surprise that someone has found a better way to create diamonds. ALL CTDT does is find a newer, more efficient way to apply that heat and pressure to carbon. The new method is much more efficient and reduces energy consumption exponentially.
While the initial energy expended is a significantly higher number in the short term vs. other methods the energy expended over weeks to months by the these other methods is ultimately much greater. Collapsing the magnetic field is done in an 800th of a second. A lot of energy but a really short time span.
While I am not going to go through the entire math process just look at it in these terms: Suppose the CTDT process takes 800 x the energy at the production point (800th of second). For ease of figuring lets assume it takes a full second instead of an 800th of second. There are 86400 seconds in a day. So CTDT uses 800x in 1 second. The other process will use the same amount of power (800x) in 800 seconds. But it will take the other process 86400 seconds x two to four weeks. As you can see the CTDT processes energy use is a small fraction of other methods. NOTE: I am not saying the difference is 800 times I am just using it as an example. If it were 2000 times or 500 times the math and the conclusion would still be the same.
It takes a minimum of 725,000 lbs of pressure per square inch at 2000-2200 degrees farenheit to start turning carbon into diamond. The energy to produce that over a 2 week period is enormous. It really just takes basic math skills to understand the vast difference in price point for production.
And for those concerned about the amount of power, Mr. Snaper and company understand they need a significant amount. Mr. Snaper talked years ago about needing to upgrade the electrical capacity of his warehouse or move to a new location before they brought in machines.
Speaking of machines and cost. They also know they will need clean rooms and were planning on building their own machines. Actually Mr. Snaper was planning on building the machines but that was several years ago. My guess is he will just provide oversight at this point. The good news is they are actually making a good business decision - rather than try to make the warehouse work they are planning on a facility that is designed to meet the needs instead of forcing the old location to work.
The machines will be built to Mr. Snapers specifications which make them more efficient than the machine they are using which was not built for their purposes. He estimated a $300,000 price tag per machine at the time.
One last thing to consider - Why would Alvin, Chas, Delisle and at least one other un-named person dump a few millon dollars and counting into a penny stock that they never pumped? They only have two true means of getting their investment back. 1 - they can pump the stock and dump at high prices which they have not done or made any attempt to do over the last 7 years.2 - They know they have something that is going to reward them with a substantial return based on the potential of the company. Really - this is the only way they get their money back. Either they make it work or they pump and dump. But they had the perfect opportunity to pump and dump when the stock spiked to $1.00. Instead of building on that they showed restraint and sent out limited news that might inflate the price. With so much invested that was a major risk on their part. Yet they did it. I can find no other reason for this other than they believe in the product they are looking to produce.
Like the old adage is "where there is smoke there is fire". Management is all in on this - for me that is part of the smoke. And long as they are in then I am in with them waiting for the fire. If they fail they will lose a lot more than what I have invested.
Just a little bit of history on CTDT. Most know this but for those who dont:
Originally Mr. Snaper worked with a group called Sweetwater Resources. His desire was to do R&D on the Magnatek process to prove the concept and then continue to develop it. Unfortunately Sweetwater pumped the stock against Mr. Snapers wishes. The stock spiked to $2.00 per share but was no where near production. It was only a concept therefore pps came crashing down.
Because of thsi Mr. Snaper asked his friend and "money man" David from Canada who helped him bring in $550,000 to develop Centaurus. He bought out the Sweetwater partners and formed CTDT. His goal was to use the $550,000 strictly on R&D but he ended up spending most of it on legal fees gaining back control of the patent. Because of this he ran short on finalizing the R&D.
Ultimately he only had about $50,000 to pay for the leasing of a machine to run test.
Utilizing a leased machine from a company in Rhode Island they ran multiple test runs of the process (as many as they could afford). They would make changes to several components of the process each time. They tried different sizes of vessels (aluminum tubes that held the carbon), several different mixtures of carbon while trying different settings on the machine itself (which dicates the amount of heat, time and pressure) used in the process.
The results they got were mixed but with some of the configurations they got "diamond dust" and small fragments of diamond. On one of the configurations they produced a diamond large enough to be sent to the GIA for grading.
Without knowing it was machine produced the GIA certified it as a true diamond. CTDT has the letter - this is fact not rumor.
So at this point CTDT had proven the concept but still needed a lot of research to develop a measuring system that could withstand the enormous heat and pressure created running the process.
There are a lot of names many here recognize that are involved in the history. While David was the money man Mr. Snaper brought in Mr. Prentice to act as CEO and LT to assist in research and administration.
Mr. Prentice did very little to advance the company or bring in funding. LT did his best to keep the company current on filings and investors informed but tended to overstate things and go WAY beyond the first step of CTDT's purpose in his blog. My guess is LT and Mr. Snaper would talk high level science and what might be possible with Centaurus and LT would share a lot of the theory as given fact.
Ultimately Prentice was relieved because he failed to do anything. As this point David (money man) brought in a potential investment group (this is the group that came in the week before I brought my investment group in) and they ultimately worked a deal to help develop the company.
Of course we all thought this would fix management issues. Unfortunatley the new group canned LT and all of sudden no one was minding the farm when it came to SEC filings. Delisle was named chairman and he brought in Chas as CEO. Chas wanted to work the development side of the business but did CEO duties until they lured a Nestle executive away and named him CEO. As most here know he did not fix or ensure financial filings were done. The board was asleep at the wheel as well. this is when the company fell two years behind in filings and had the DTC chill placed on them.
What this new group did do was fund further R&D. They hired an additional scientist and worked on the measurement process. Mr. Snaper has told me they solved that problem. I can't verify because they are not in production but he was clear in his response to me. My guess is they can measure now but it still needs refinement.
The Nestle guy was axed and Chas took over handling the CEO job from Los Angeles in a part tiime manner. The financials languished until they hired a new accounting firm to bring them current. Most of us know that the took a full year to accomplish. At that point the company had a DTC chill in place and thought current financials would result in the chill being lifted. Of course that did not happen and has created a strategic problem for the company.
What we do know at this time is that the company is fully current, has taken steps to improve operations (Chas moved to Las Vegas to work full time, hired Chris, etc.).
We have been told the company is moving its operations from Rhode Island to Las Vegas and preparing for full commercialization. Bear in mind that even though some R&D may need to continue that does not preclude some form of production even if not full commercialization. I know some people are questioning funding but they have not had a funding problem since Delisle and Chas have joined them and Chas has indicated they are OK on the funding front at least for the first stages.
There is no doubt that the management and operations of CTDT have been a disaster over the years. They are several years behind where they should be. But as slow as it has been they have been doing the right things for a while now. Chas is working to right the ship. In my opinion it is not an if but a when now. I am prepared to give it some more time.
Long post and I am going to add to it in another one - best of luck everyone.
Because Mr. Snaper is a brilliant man interested in finding brilliant solutions to challenging scientific problems. He has no interest in business and does not and never has been a good judge of the character and quality of the business people he trust. It really is sad. The man could have been a billionaire on Bally's alone and yet lives a fairly modest lifestyle.
Let me spell it out for you - A lot of businesses use 1000% as a base rather than 100% as a base. It is simple math to convert 1000% to 100%. I am confident most people on this board can handle it.
It is in the energy savings. Carbon is not real expensive.
Agreed - I don't think we see anything till August at the earliest but that is just my feelings based on past information.
In addition to the many patents that have been commercialized like the one Bally used to become a billion dollar company he has 10's in not hundreds of patents that have not yet been utilized. Some of my favorites:
He has a patent for a process that instantly cools a car's internal air when the doors are open. In hot climates in the summer this is pretty significant. You just open the car door and the hot air is instantly forced out and replaced with cooler air. The system charges while you are driving.
He has arguably the most complete and effective fertilizer ever developed.
He developed a system that automatically charges your pace maker while you go about life so you never have to have a battery replacement.
He developed a heart pump for open heart surgery on infants because they currently have to hand pump the heart (they have them for adults but they would harm an infants heart).
He developed a drying system for Combines for a consortium of farmers. Unfortunately the farmers group went out of business before it was commercialized. The Combine manufacturers want nothing to do with it because it will reduce the number of combines needed. He fixed the problem after multiple engineering firms were unable to do it.
Probably my favorite is his solar product. It is a polymer that collects solar power. When I saw it it was a small metal plate (4" x 4" approx) that had been coated with the stuff. I stood outside for 30 seconds on an overcast day. When I went inside and he turned the lights off the metal glowed brightly. He said it would hold that charge for 24 hours. His complaint was that is was not as efficient as it could be!
Then there is his camouflage patent. Patented in Israel and then in the US. It not only makes an object invisible to the naked eye it kills the heat signature as well.
I could go on but you get the idea. The Centauraus Magnatek process is the apple of his eye. I have seen the raw material produced from the process and the crushed containers as well. Many of us have seen the GIA report on the diamond it produced and this was before they were able to control the system well. We know the process works and we know it is done in an 800th of a second. We know the technology will make all other processes obsolete and reduces cost a minimum of 500% (I suspect it is much higher than that). We know it will open up doors to allow diamond to be used as a raw material more because it breaks the price barrier. We know it will not only change the diamond market but will open up new industries and improve existing ones.
Don't let the Apache Mine purchase get your focus off the true value of CTDT. It is about the technology and corresponding patent. It always was and always will be.
I really do think they are moving forward behind the scenes. I understand these things take time. It should not have taken nearly this long and most of the delays was due to their own poor management but they seem to tracking finally. The chill threw them for a loop and disrupted their timeline but I don;t think it impacted behind the scenes progress. Just the shareholders and PPS. Not sure what the Apache mine thing is all about but I really do believe it was a strategic move for purposes we don't understand. I don't think they ever wanted it to be public but their hand was forced.
A list of some of his patents:
https://patents.justia.com/inventor/alvin-a-snaper
Just a reminder for those who don't know or don't bother to check out Mr. Snaper (founder) of CTDT:
Chairman and Chief Science Officer
Mr. Snaper serves as Chairman and Chief Scientist of Centaurus Technologies , overseeing all technical aspects related to ”cultured” diamond production. In addition to holding patents and modifying existing technologies for laboratory-grown diamonds, and diamond material-based fabrication for the Electronics, Semi-Conductor, Film and Coating Industries, Mr. Snaper is the developer of the Company’s proprietary technologies for the production of “cultured” diamond.
Throughout his illustrious career, Mr. Snaper has founded numerous companies and held management and engineering positions at; Neo-Dyne Research Inc., where he served as founder and developed and perfected products bases on his patents; at Advanced Patent Technology Inc. where he served as Vice President – Director Research – Corporate Director; at an Independent Consulting Firm where he served as founder and became the first multi-technology Registered Engineer licensed in California; at McGraw Colorgraph where he was responsible for overseeing all foreign and domestic testing of photographic systems; and at Bakelite Division of Union Carbide where he assisted in the development of a pilot plan for plastics manufacture.
Mr. Alvin Snaper has served as a Senior Consultant to other major corporations and organizations, including IBM, General Foods, NASA, Boeing, Gillette, Singer, U.S. Air Force, Rocketdyne, General Motors, Lockheed Aircraft, Sanyo, Philips, Gulf Western, Union Carbide, etc. He has been awarded more than 600 patents, many for significant industrial products and processes. Some of his inventions and commercial products include the IBM Selectric Type Ball, Tang, the NASA Apollo Photo- Pack, Coating Process for Gillette Razor Blades, and the Electrostatic Painting Process & System for Auto Components Assemblies for General Motors, to name a few. Mr. Alvin Snaper holds the single honor and individual distinction of being recognized with ‘Best Patent of the Year’ award by Design News magazine, and is the author of numerous technical and scientific papers.
Alvin Snaper is or has been a member the following professional societies and organizations: Who’s Who of American Inventors 1990-1991; VIP Electronic Improvement Program; and the American Ordinance Association. He is a former consultant in Ultrasonics to the Library of Congress, Armed Forces Communications and Electronics Association, International Scientific Society and The Society of Photographic Instrumental Engineers.
Mr. Snaper is a Professional Engineer (“P.E.”) and a B.S. graduate in Geo-Science at McGill University in Montreal, Canada. He is also a member of several professional societies, author of numerous articles and technical papers, and the only multiple award recipient of Design News Magazine “Best Patent” award (four total).
For an interesting look at the list of Patents granted to this amazing Man, check out this link the JUSTIA Patent Website.
Thanks Billiam - I call it tripping over pennies on the way to dollars. I think there is probably a specific strategic purpose for the Apache purchase that we are probably not aware of. The recovery of anything is ancillary (my personally opinion). I am thinking perhaps they plan to sell their mills to Apache. That would fit their plans for the Mill patent. It could provide fairly quick revenue (something they need) and also provide a demonstration site for other mining companies to evaluate.
"CTDT further announced last Tuesday, the filing of yet another patent on the Autogenous Impact Mill Technology or A.I.M. The Company announced the acquisition of the A.I.M. Technology in November of 2015."
This is purely speculation on my part but I think it makes sense strategically in several ways.
Just keep posting relevant news and asking questions directly relating to CTDT. Once the company starts production a most of the shorting interest will disappear. The chill and limited news makes it an easy target. Speculative ventures and news about them only make it worse. Logic will not prevail in those conversations.
There is a lot of information on the process at the Apache site: http://www.apachetailings.com/processing.html They talk multiple times about the regulatory requirements. They also discuss the processes they use and how they are much more effective in extraction as well as being environmentally friendly. Its their site so I am sure they make it sound like perfection and nothing ever is. But they do address most of the issues brought up.
I think the crushing process they are using may be Mr. Snapers autonomous milling patent. After they crush it they have another partner that takes the material and separates it. They can do this on-site with mobile units but right now they say they will truck the material to a city 1.5 hours away and that is where the separation occurs. It is a pretty interesting read. I don't know enough about the technical side to say it can or cannot work but it does sound like they believe they have a workable plan, have the regulatory requirements figured out and a technology process that is efficient enough to provide a profitable process.
I am not sure where the statement about diamonds came from. I know the PR that was sent out by a third party was very confusing, not accurate and talked about seed diamonds. Perhaps the CTDT PR was trying to keep questions to a minimum - who knows.
I guess we will all know a lot more in a few weeks.
From Apaches site:
Fast start up times and rapid project revenues can be produced by simply loading trucks and shipping ore to crushing and processing facilities. This strategy greatly reduces (sometimes eliminates all together) permitting and regulatory time and costs. Costs required to begin operations, produce revenues and generate profits are minimal. Hiring a front end loader from a local construction company and contracting with a trucking company is all that is needed.
Seems like they understand that permitting and regulatory requirements exist.
Gitreal - I would like to respond to a statement you made. You commented that at least someone did some due diligence and I would like to point out that there are many people on this board that have done an inordinate amount of due diligence into CTDT. They are vocal about what they know, what they like and what they are unhappy with (very vocal). This purchase was not on anybody's radar so no one had the time to do much research. But don't assume that everyone here is just investing in hype. Only time will tell if they made good decisions but those decisions were based on extensive work by many. My guess is this decision was for strategic purposes and I don't think the company really wanted to announce it. An outsider made the announcement and forced CTDT's hand.
Well I guess we will see. Fortunately it is not the true value of Centaurus. It would be a small revenue stream. If it helps them remove the chill it will be of some value.
Not sure what their plans are but http://repository.azgs.az.gov/sites/default/files/dlio/files/2010/u11/B_48_Gems_Precious_Stones_AZ_OCR.pdf gives a good early history of gemstones in Arizona.
Also according to geology.com (this is from 2011) then Arizona led the United States in gemstone production and much of it comes as a byproduct of mining.
Also just so you don't find yourself defending your language there are known and verifiable diamonds in Arizona - they are just of the meteoric variety. Interestingly enough that is the method of diamond creation that CTDT's magnatek process emulates.
Well I am certainly no expert on mining operations but this is from the official Arizona gov agency. As I read this announcement and what they are doing then it is classified as a reclamation project. These fall under privately owned land and state owned land. There are no filings required if the land is less than five acres (legal exemption). CTDT purchased 4 acres - I am sure they chose 4 acres for a reason. It also states very clearly that permits are approved or disapproved in 120 days. (Moot point if they are exempt) Perhaps the 4 acre tract was a strategic decision to avoid the permitting process. Here is the section from the Arizona Land Management Authorities official PDF on the topic:
PERMITS AND AUTHORIZATION:
Mined Land Reclamation Plan
LEGAL AUTHORITY:
A.R.S. § 27-901 et seq.
A.A.C. R11-2-101 through R11-2-822
CONDITIONS REQUIRING PERMIT:
Reclamation plans, associated costs, and financial assurance mechanisms must be submitted
and approved for all metalliferous mining units and exploration operations with surface
disturbances on private lands greater than five acres. The amount of financial assurance is
based on the actual estimated costs of reclamation. Financial assurance can be provided in any
one of several forms, including: surety bond, certificate of deposit, cash deposit and corporate
guarantee.
EXEMPTIONS:
Smelting, refining, fabricating, or other metal processing facilities and materials associated
with these facilities are exempt. Surface disturbances located on state lands are exempt.
Surface disturbances created prior to and not active since January 1, 1986 are exempt. Surface
disturbances less than five acres in extent are exempt.
FEES:
A one-time submission fee, equal to three dollars per acre of surface disturbances covered by
the plan, is assessed. Substantial changes require an amendment to the plan with a fee. A
status report (yearly) is required within 60 days after the anniversary day which the original
plan was approved.
AVERAGE PROCESSING TIME:
Notification of administrative completeness or incompleteness is given within thirty days of
plan submittal. A plan is either approved or disapproved within 120 days of an
administratively complete determination.
FORMS:
www.asmi.az.gov/documents_forms/default.asp
17
Arizona Mining Permitting Guide
Private Lands
Aggregate Mined Land Reclamation Plan
Arizona State Mine Inspector (ASMI)
1700 West Washington Street, Suite 400
Phoenix, AZ 85007
602-542-5971
www.asmi.az.gov
PERMITS AND AUTHORIZATION:
Aggregate Mined Land Reclamation Plan
LEGAL AUTHORITY:
A.R.S § 27-1201 et seq.
CONDITIONS REQUIRING PERMIT:
Reclamation plans, associated costs, and financial assurance mechanisms must be
submitted and approved for all aggregate mining units and exploration operations with
surface disturbances on private lands greater than five acres. The term ‘aggregate’
includes cinders, crushed rock or stone, decomposed granite, gravel, pumice, pumicite
and sand. The amount of financial assurance is based on the actual estimated costs of
reclamation. Allowable financial assurance mechanisms include any or a combination of and
of several forms including surety bond, certificate of deposit, trust fund with pay-in period,
letter of credit, insurance policy, certificate of self-insurance, cash deposit with the state
treasurer, evidence of ability to meet a corporate financial test or corporate guarantees as
provided by 40 Code of Federal Regulations section 264.143(f), annuities, bonding pools,
additional financial assurance mechanisms that are acceptable to the inspector.
EXEMPTIONS:
Surface disturbances located on state lands are exempt. Surface disturbances created prior
to and not active since April 1, 1997 - are exempt. Surface disturbances less than five
acres in extent are exempt. Some specific government intermittent-use projects
disturbing less than 20 acres are exempt, if meeting qualifications per A.R.S. § 27-
1203.01.
FEES:
The state mine inspector may establish by rule a fee from the owner or operator of each
exploration operation and aggregate mining unit at the time the owner or operator
submits a plan.
AVERAGE PROCESSING TIME:
Notification of administrative completeness or incompleteness is given within thirty days
of plan submittal. A plan is either approved or disapproved within 120 days of an
administratively complete determination.
FORMS:
www.asmi.az.gov/documents_forms/default.asp
18
Arizona Mining Permitting Guide
State Lands - Locatable Minerals
Arizona State Land Department
1616 West Adams Street
Phoenix, AZ 85007
602-542-4631
www.land.state.az.us
Marsh - if we have distribution channels for diamonds and other gemstones then it cannot hurt to put mined ones as well as manufactured ones in the channel. We basically paid 80,000 to create a separate but complimentary revenue stream. At that same time we create value on our balance sheet. Both of those are positives for cash flow and funding.
I did notice that Iron - that was nice. Either Apache needs a lot of help or they believe CTDT is going places. Maybe a little of both. But this really does seem like a win for everybody.
I have seen it in a few places. This is where the chill hurts. A lot of potential buyers that have accounts with brokerage firms that won't sell the stock. I know I was vocal about my displeasure over the handling of the chill but I am sure it is just as frustrating for the company. Without the chill I think we see a really nice bump. With the chill we wont' see nearly as much. Good news it is still adding long term value and that is more important.
According to Apache's site start up time to begin processing of tailings is less than 30 days. The PR says they have already contracted the job out to begin in May. Even with a slower start up time this turn fairly quickly.
Basically for $80,000 CTDT added a lot of real value to hits bottom line. That should make funding easier because they are funding real value and not just the patent. It also should help stock value for the same reason.
Really a win win for everyone.
Got to say I am impressed with this. 80,000 cash and 10 million shares (at current pps that is less than 2 million valuation).
CTDT has zero mining requirement - all the mining work will be done by Apache. That is really nice.
CTDT gets all gemstones, a 20% discount on all rare earth minerals and 2% profit from all Apache related profits. There is an estimated 22 billion worth of assets in the ground.
This adds immediate value to CTDT and should be one of its first revenue streams.
Great work by Chas and the Board! I expect they will be rolling out "surprises" like this for several years. I am confident these guys are doing the right strategic maneuvers to add value to this company. With Chas in Las Vegas now hopefully they will solve the operationally hiccups that have caused problems in the past.
I don't expect to hear anything until at least August. Any earlier and I will be pleasantly surprised. They pretty much told us that they are not putting anything out until they have revenues and the chill is lifted.
The PR that was released was by the other party and I think it caught them off guard. They did not deny the reports but do not want to tell investors something that is not completed. They already have disgruntled investors due to the chill, late financials and other management issues. They are hoping that is behind them. Putting out news about a possible transaction and then seeing that delayed or fall through would be an enormous black eye at the point. So they are going to play it safe and get ALL their ducks in a row before coming out with PR's or filing 8K's. At least this is what I interpreted from their statements.
This is why I said it looks like we have a few month window to increase our positions at a decent pps. Once they do start rolling news out I expect it to be fairly steady as well as high impact news. At that point you might be chasing pps. JMO of course.
This looks like a totally different revenue stream to me. If this project really consist of extracting other minerals from mine tailings it could be significant. It is a known fact that China controls the majority of rare earth minerals and that is a strategic problem. Any company that can reduce the foreign independence on these minerals is going to do well.
I believe Mr. Snaper may have some patents dealing with nano recovery as well. I could be wrong but I know he has done significant work in that space.
yeah - I found that odd. That would not make sense given the current process. The slow process uses seed diamonds. Magnatek simply crushes and heats carbon to make diamond. Very strange - And the follow-up from Naval adds to the oddity. Basically I get that it is premature and poorly explained but that the partnership is probably true. At any rate just about any news of goings on is encouraging. We may not understand what the PR meant but it does show work being done behind the scenes. That makes me happy!
I think the realization that is now pending Q3 dampened the sales uptick. Many here will slowly add over the next few months but the company itself has indicated a lack for need of urgency. If you don't purchase this week or next it wont' make a big difference. So why not wait and let pps continue to drop and pick up cheaper shares.
Naval - thank you for the response. This is very helpful.
While I know you cannot tell me I assume the licensing is for Snaper's patent doping chips. That is good news if correct.
I appreciate the companies position and I for one will continue to hold strong as I believe the future of CTDT is bright. Really a shame on the chill but it is what it is. Nothing to do but continue forward with the business plan.
Good to know funding is in place and they can begin production now but can ramp up faster with additional funding.
At this point I hope the pps drops back into single digits. It looks like we have about 1 - 2 quarters of waiting and an opportunity to build our positions.
Please tell Chas I appreciate his efforts and information.
Good time to buy. And for the record I thank people when they do something for me. Naval is trying to get answers. Not sure how much he will be able to share but I appreciate his efforts.