Banking $$$$$$
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Like to see 5 break here
YEA IF U GOT IN YESTERDAY ON ALERT YOU DOING WELL AND MTXX HIT 6.10 FROM 5.40S ALERT. IM HAPPY
Rz news is good guys though the price isn't really reflecting it, but today should be the day to get in, since if it finishes green today a reversal up should be confirmed.
patience here, I wont sell any of the shares i got until it hits over 2 at least.
I only have 5 posts left
so ill see you later.
Hmmm You looking at CRBC here?
MNEAF GO LONG STAY LONG NEXT RBY
not day trades
You see my message i asked you?
about the yahoo and numbers?
cheers
RZ news looks good
RBY new high 4.50 5's coming
CRBC insider buying 22% short of float chart looks good
Gold new highs as predicted
Next level to watch 1250 break.
Your preaching to the choir, Im about to tap into it as we speak.
I'm on your side, not to mention how it would have a positive effect on the economy i mean for Cali the terminator could use those taxes
cheers higgy Got it on my watch now try to get some on a dip.
Yes Thanks benny RZ news !!!
"As recently announced, Raser is in the process of amending its agreements with Merrill Lynch, the tax-equity partner in the Thermo No. 1 plant, and Prudential, the debt holder. These amendments will allow the Thermo No. 1 project to take full advantage of the 30 percent federal grant for renewable energy projects under the American Recovery and Reinvestment Act of 2009."
PROVO, Utah--(BUSINESS WIRE)--Raser Technologies, Inc. (NYSE: RZ - News), an energy technology company, today released an update on its geothermal activities and its PHEV project, updating stockholders, the media and the public on its progress and strategy.
Related Quotes
Symbol Price Change
RZ 1.36 0.00
Chart for RASER TECH INC
Lightning Dock, New Mexico Project
Raser recently received final approval of a key permit from the New Mexico Oil Conservation Division (OCD) for injection of geothermal fluids for the Lightning Dock No. 1 project. Raser’s in-house geology and reservoir management team is conducting its final review of the Lightning Dock resource in anticipation of commencing drilling on site, pending the completion of funding for the project.
Raser is also in the process of negotiating a revision to its power purchase agreement (PPA) with the Salt River Project Agricultural Improvement and Power District. The revision is expected to include an increase in the expected output from the Lightning Dock project as well as an increase in the price of energy under the PPA.
Thermo Update
Raser is now in the final stages of testing the fifth production well needed for the completion of Thermo No. 1 as part of its plan to bring the plant to full capacity by the end of the year. Raser is also preparing to re-work existing wells and is taking other steps to optimize the operations of the plant, including working with Pratt & Whitney Power Systems to make certain modifications to the PureCycle units on site.
As recently announced, Raser is in the process of amending its agreements with Merrill Lynch, the tax-equity partner in the Thermo No. 1 plant, and Prudential, the debt holder. These amendments will allow the Thermo No. 1 project to take full advantage of the 30 percent federal grant for renewable energy projects under the American Recovery and Reinvestment Act of 2009.
Raser is also actively planning future phases of development utilizing the Thermo resource which is estimated to contain over 200 MW of potential power. These efforts include moving forward with permitting, environmental compliance, engineering, transmission and interconnection, and negotiation of a pre-paid power purchase agreement with the Southern California Public Power Authority (SCPPA).
SCPPA Update
Raser continues to progress in negotiations with SCPPA on the previously announced pre-paid power purchase agreement. The expected structure of the agreement anticipates Raser building out 110MW over a three- to four-year period at its Thermo, Utah site in a multi-phase development via multiple power purchase agreements. When finalized, this transaction is expected to provide the financial support necessary for the funding of Raser’s roll out plan of 40MW per year over the next three years.
Funding
As traditional financing markets were struggling late in 2008 and early this year, Raser was actively exploring alternative funding sources to mitigate the impact from the global economic crisis on its business. Raser has pursued a variety of alternative funding sources, including pre-paid power purchase agreements, project joint ventures, green energy funds, lines of credit and other sources to assist Raser’s projects going forward. Additional industry funding is becoming available through government grants, loan guarantees, and potential public-private partnerships.
The geothermal industry has seen a number of key new players on both the equipment side and the construction side that Raser believes will be important partners for the financing of projects going forward. Raser’s Principal Executive Officer, Dick Clayton, gave one of the keynote addresses at the Geothermal Resources Council annual meeting in Reno, Nevada on October 5, 2009, and discussed these key new entrants into the geothermal industry. Mr. Clayton noted that several large contractors have shown interest in establishing partnerships to finance future projects, which would help bridge the gap between early development and long-term project financing. Mr. Clayton also discussed several new equipment suppliers which are providing additional flexibility in geothermal equipment and showing a willingness to assist with financing of projects. Raser is working to tap into these opportunities in order to further develop its geothermal resources.
New High Efficiency Generation Units
Raser is in discussion with several equipment manufactures which provide larger, high-efficiency binary-cycle turbines and generators. Among these is Pratt & Whitney Power Systems (PWPS) which recently acquired Italian turbine manufacturer Turboden and is planning on introducing a new, larger geothermal unit to the market soon. Raser anticipates that these larger units, from PWPS and others, will significantly improve the economics of future projects. Raser is encouraged that these new equipment options may improve Raser’s returns on future projects, while still meeting Raser’s strategy of rapid deployment.
PHEV Update
Raser is extremely pleased with the progress of its electric powertrain technology following successful demonstrations of the Company’s H3 Hummer E-REV on CNBC, in Washington, D.C., and in California with Governor Arnold Schwarzenegger. Following these successful demonstrations, and the announcement that the full-size 6,000 pound, four wheel drive, luxury SUV H3 Hummer E-REV can deliver approximately 140 miles per gallon and has driven more than 50 miles while limiting usage to approximately 60% of the battery pack’s stored energy and zero gasoline, the Company has had discussions with several automakers regarding potential partnerships.
In addition:
* Raser is completing its final technical review of its drivetrain technology with General Motors and anticipates moving to the next phase of its commercialization initiatives.
* The Company’s project with Pacific Gas and Electric (PG&E), which is related to the deployment of clean, fuel efficient full-sized vehicles continues to progress. The Company has completed the proof of concept phase and is beginning alpha test phase.
* With the Company’s success in developing large, efficient SUVs using its electric powertrain technology, it is now embarking on an initiative to develop systems for pickup trucks and other larger vehicles.
Kraig Higginson, Chairman of Raser Technologies, commented, “Raser has many exciting prospects for future developments, and while the financing markets have been challenging in recent months, we are seeing positive movement. We are also beginning to see federal money allocated to renewable energy projects funnel through the system, and we intend to take full advantage of these funds by means of grants and loan guarantees. In addition, there is exciting new, second generation power generation technology that is available to us that we anticipate implementing to boost power production and benefit our bottom line. Also, our PHEV technology positions us well to capture market share in the new emerging auto industry, with disruptive technology that can enable trucks and SUVs to achieve over 100 MPG.”
About Raser Technologies
Raser Technologies Provides Update on Its Geothermal Activities and Its PHEV Project
http://finance.yahoo.com/q?s=rz
Alex, where do you see book value on the Q
where did you get your neg book value and the Net Tangible Assets ($20,378) these numbers i couldn't find in the q?
Also as far as yahoo, I will say it again they do not always have accurate numbers. I have been trading 20 + yrs and often have found them to have errors, so maybe not in this example but just saying use caution in the future.
good trading cya
Nice don't forget about Gold Mneaf the next RBY
Rby steadily moving along as well
OT thanks higgy, had my eye on this way back
hadn't looked in a while, but I always say vote with your dollar.
It unfortunate the legal hurdles are even there.
MY LAST POST TODAY TOLD YOU MARKET SLOW BECAUSE NO VOL!!! ALSO SO THEY NEVER BROUGHT BACK THE UPTICK RULE JUST TALKED ABOUT IT. SO THATS WHY I SEE SO MUCH MANIPULATION ON MY L2 STILL
CROOKS
Hey do you use L2?
that is what i was noting as manipulations when bid or ask moves and with for example a 100 bid downtick but then the bid drops .05 is complete manipulation.
Also market cap is kind of a bogus parameter, for a stock like this, so within a few weeks the market cap was cut in half, that patent to electric motor should fetch over 100 mil and the inherit value of the assets and leases they own for geothermal doesn't show up in the market value. When the stock heads back over 2 we will say the market cap is over 150 mil. As far as the debt one has to account for the tax credits there.
Yes the company had some issues with the geo thermal plant, but now capacity should go to 10mw from 5mw currently.
ALSO
Obama's Carbon Cap-and-Trade Plan Can Boost Growth
Well-structured carbon emissions caps would foster clean-energy technology at scant cost to consumers. The program would even create jobs
http://www.businessweek.com/bwdaily/dnflash/content/mar2009/db20090310_825431.htm
Hey did they ever bring bring back the uptick rule?
Yes, and it is manipulation how it trades, when bid gets dropped out and whacked. Your numbers are a little off, did you get them from yahoo? Did they ever bring back the uptick rule?
15 mil in cash from last q, the point is patents alone to electric motor should justify a 5+ stock price. So when i say manipulated what i see happening is one fund dumped out about a month ago, shorts who knew there would be a seller shorted with it. Now that that selling is almost over and approaching some news by the 16th on the thermo hopefully this be as far as they can go before they cover.
RZ Often overlooked is the Heat recovery. Could be huge applications with carbon credits going forward.
http://www.rasertech.com/heat-recovery
Often overlooked is the Heat recovery. Could be huge applications with carbon credits going forward.
http://www.rasertech.com/heat-recovery
So manipulated, RZ about 30% of float short, that is going to be forced to cover.
1.60 would make the shorts cover
Im buying some here trying to do my part, Justice needs to be served.
I know 8 1 million share investors if took it here, would kill them. I want to call golf buddies and kill these crooked F's once and for all.
Its complete Bs, with where oil is going. Merril lynch f's i imagine behind this manipulation.
ITS called short manipulation
Rz 1.41 looks so oversold
MTXX SFI BACK ON WATCH
RBY UPGRADED
Market volume is ANEMIC lots of people just chilling on the sidelines. Might be A GOOD TIME FOR A MOVIE
Hey I can't send private messages but thanks hope to see you there.
SFI hit 2,76 today pull back here 2.60 might be another add spot
If the dow can stay over 9500 we might get a short Huge bounce before end of weekend. Short trap lets see how it plays out
In sfi
Taking a chance and taking a new trading position SFI 2.58
expect a market bounce and sfi to see over 3. Next few sessions.
DSUPQ Oct 14 see News, could be out of bk soon
Im buying RZ back lower then my stop out, but glad to be back in at 1.34
Nice thats good at least SFI looks interesting here again too
Nice Hail victory-
nice close today in a brutal market 9500 it needs to hold bounce.
I know but its a sad day in Mudville we need a ceo, shorts running rampant. The danger is if the market breaks 9500 here.
OT: KOOL
Most out of posts for the day, market pissed me off I wanted to see a 10k paint before the plunge.
Tomorrow, a big day either way, like the email i sent last week, having some doe re me on the sidelines might be prudent, in case opportunities do arise.
We got some support all the way to 9000, just at a pivot again, hopefully the shorts will get trapped and we bounce hard off the 9500 level, dam vix got to top out then you know a reversal up will start. Dollar pump see how long it lasts?
Cya all, might be a good time for an early weekend.
Also remember best to be patient and not over trade, take some time away from time to time. If your confused on short term direction sidelines are always there.