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I welcome competition in this space. Maybe i am naive but when you have the brains and expertise of SAIC on the science and physics side and Kiewit on the coal handling and engineering side this technology has to be viewed as a leading global contender in the coal upgrading race.
I feel that the whole carbon capture approach is on a standstill. Until they figure out an economical and more effective way of doing it my guess is that here in the US it will either stop or slow down. I think (and could be very wrong) but this administration needs a win and needs to be seen to be investing in the long term US coal market. They need a technology that can go to commercialization immediately. I am not aware of any other proven technology like Pristine M that is this ready. But again i could be wrong.
For global patent purposes certain countries are bulked into named regions that do not always represent traditional geographic bulking. Eurasia from a patent perspective includes
Armenia
Azerbaijan
Belarus
kirgizstan
Kazakhstan
Moldova
Russia
Tajikistan
Turkmenistan
It does not include China etc
This announcement is great news. Russia really needs upgraded coal BUT hopefully it will spur the US government into action to protect and keep this US technology here in the US.
I respect everyones investment strategy but for those intetested in a clip of a couple of cents then this could work. For those intetested in the long haul then i feel that the potential is huge. I hear that the Mr Eves and Mr Neary are in Washington.... i guess not for their health.... but who knows.
They cannot buy during the filing period and they are prohibited from buying if there is imminent news that has not yet made public. I think that at these levels they would buy of they could but from what i can see these guys are not running this company as a pink sheet company and are doing everything possible to prepare for an uplisting. I think they have a ways to go before they do an uplisting but EVERYTHING they are doing is exactly what i would like to see happen.
I think there is a significant skin in the game and there is nobody out there incentivized to make this work than current management. If they succeed we all succeed.
Of the 140m issued shares three individuals own more than 50+m. That is material. But it is not just the amount they own. It is about what they do with them. To my knowledge there has been zero selling by these guys. If course they could be lying on their Form 4 with the SEC ORRRRRR they simply have not been selling and dumping stock as it has been claimed on this board.... everyone should do their own DD and come to their own conclusion. My view is that tgis is the start of something great for this company. But what would i know
The press release in Friday reported the first revenue in this company since 2012. There is nothing limp about that. They also reported the final tests are commencing this week after enhancing the plant for the last two months. They also stated that they are doing this at the request of US government agencies and clients. Short this stock at your own peril as we will continue to get updates. Maybe the $50m grant that has been earmarked by the DOE could be on this companys radar. Maybe these additional tests will be just what the DOE need to provide funding to a US technology. Maybe Kiewit are performing these tests with the Buckskin mine that they own in mind. We simply do not know exactly the strategy but i feel that this is the most opportunistic time that i have seen for this company in the almost three years since i bought stock in it.
"The court is well-aware of the sanctity normally accorded to a jurys verdict and is loath to interfere or set-aside their decision. Yet, this court is duty bound to do so in those rare instances such as this where the verdict is not supported by competent substantial evidence" Judge Richard Oftedal in his conclusion after overturning the jury award to Soffin.
Love the fact that today this company is a pump and dump scam. Aiden Neary has not sold , assigned or transferred one single share in thos company. When the stock hit over $1 he didnt sell. I assume for a pump and dumo scheme to work there must be selling which in this case is missing.
The company is a scam?. That is just a pretty desperate statement made by someone who is clearly scared of an increased share price.
Also, why was the most important thing in the world to receive revenue until they actually do. Now it is something else. No pleasing some folk i guess.
Excellent news... this is exactly what i was hoping for... actual revenue from a license agreement. This has to get the attention of tge DOE if in fact they were not actually instrumental in making this happens... now to finish the testing and see what Trump administration will do. This should be in Mr Trumps next speech.
I guess it is the joys of the pink sheet day and short sellers as it certainly does not reflect the fundamentals of this company and its technology. I welcome tge buying opportunity it provided me today.
Press release just made. The comoany has received actual revenue. First time i think since 2012. Great news. Now let's see where this stock will go.
I agree. Sometimes it is important to cut through the weeds to see what is actually going on... it feels like a press release is imminent as the landscape is certainly condusive for a technology like this. I have no idea where the SP will go to as it will depend on the content of the PR. If license fee or revenue then great... if wishy washy then we will struggle to increase in value.
DOE involvement is key
I agree. Virtually all mines in Wyoming is surface mining and mining PRB coal is the cheapest coal to mine in the US. I assume that my "husband Aiden" and twin brother Robin have focused on PRB coal for a reason. It is one of the most attractive coal type in the world with low sulphur and low ash content. It's only negative is the lower BTU. Testing using Pristine M technology increases the BTU to circ 12,000 btu. That is why in my opinion this will succeed
My understanding was that under the rules of this board you are not allowed attack individuals. Perhaps you should recap on the rules.
I do not run interference. That is not my job. I post what i know or believe and if posts are made that are inaccurate i correct them. The DOE (for those of you who have dealt with them) are incredibly careful with any relationship status being discussed publically at the early stages. We know they have reviewed the initial test results and i can assure you they would not waste their time seeking additional testing if they were not satisfied. But this is just my opinion based on my own experience. Other people may very well have experience where the DOE has hated or lacked confidence in a technology and yet continued to spend time and money on it. I doubt it but of course anything is possible.
This stock is in need of a press release. A tangible "revenue earned and or license agreement signed". If the company can do that i think it would quell the doubters as nothing speaks louder than actual hard cash being paid.
Normally shareholder meetings are every 12- 18 months. I know from experience that it is a very costly and time consuming process and i personally hope that the management are too focused on commercialization right now to do that.
I agree. Speculation on positive news is naive. Speculation on alleged dilution that never happened is also naive. What we know is:
1) the technology has been proven to work
2) restarting the plant to complete a few additional tests
3) DOE is involved in some capacity
4) China increasing their imports of US coal
5) Japan is increasing coal usage
6) India is increasing coal usage
7) The company is engaged with Wyoming New Energy for the first US commercial plant
8) no more convertible notes on balance sheet.
In my opinion the scene is set but only time will tell.
I have no idea who suggested big day last Thursday. I guess the only people who know is robin and aiden. Time will tell but i remain confident of positive news. I could be wrong. People speculating on specific days i think are speaking without facts. Let's see what the coming weeks bring. I for one look to the future opportunities as opposed to be hung up on the past.
I agree. It feels like any short traders are shying away from the stock given all convertible notes are off the balance sheet combined with expected positive news in the coming weeks. Each to their own but i think it would be a very risky trade to try and short this stock. Just my humble opinion.
I guess the market is waiting for some news. I feel September will be a good news month.
Company has stated that as at June 30, 2017 they have no convertible notes outstanding other than with Black Diamond Financial Group. These notes are three year notes maturing next year in November 2018. Therefore the company will have no further dilution from convertible notes until earliest end of 2018. (This can be found in their 8k filed end of 2015). So no further convertible note dilution this year.
The next 10Q is based om finacial activity to September 30th. That gives the company 1 month to secure revenue. Obviously an 8k will be filed if they report revenue. I have zero knowledge if they will be revenue generating next month but in the same breath i have no knowledge that they will not be.
Company had restarted their test facility with final additional DOE tests expected ny end of September.
The technology has been presented to Senator Perry
The political environment in the US is more open to coal than it had been for 8 years
All four legacy law suits have been removed.
Kiewit, one of the most reputable coal handling and coal engineering companies in the world are running with this.
Global demand continues to grow in countries like Japan. Australia is currently benefiting from this demand. Upgraded PRB coal would be a highly sought after product given its low ash and sulphur. Todate the lower btu has been its greatest challenge. Pristine M can address that issue.
Regarding why they moved to Kiewit i agree with all the previous comments by James. However i think we should also include in that mix of reasons that leidos sold their construction division to Haskell in March 2016 for $175m. That was the division that engineered the facility. Am not suggesting that was the only reason why they moved away from Leidos but certainly must have contributed to it.
All of the above is what i read in filings, press releases and general macro economics. I would appreciate and welcome any poster that can correct the above, if wrong, as this is just my understanding and i am not saying it is 100% correct.
Do you really expect the company to discuss their strategy with the DOE with random requests from people that may or may not be shareholders. How would they know if the request was from a competitor? Time for everyone to take a chill pill and respect the fact that even if they were allowed to disclose their strategy (and they may not be) the question is why would they. They have Squire Patton Boggs working for them on this. They stated that Pristine M technology was presented to Sen Perry. I think it safe to say they have it under control and are very aware of what grants exist and whether they work for them. This is just my opinion.
Thank you Janes. I agree with you. Also, to be clear... when a comoany files with the SEC they must disclose related party interests. I am 100% sure that if Robin or Aiden were involved they would have disclosed it and Aiden would certainly not have made such a definitive statement that they were not affiliated in any way. Again just my humble opinion.
Once again whitecoal thank you for the Indian link. I know that Aiden has been talking a lot about India and the opportunity in that country. I do not know what is going on with Jindall but i see an increase in US coal exports to India.... and that is not with u upgraded coal.
Re the DOE. All i know is the Squire Patton Boggs are dealing with Capitol Hill. I trust they know what they are doing.
The DOE is doing a technical review on the technology. The fact they are doing this on a late stage technology is extremely unusual. They normally focus on very early stage concept technologies. I know that Aiden has been pushing for this since he joined and finally it is happening.
Nobody knows what is around the corner but i sure hope the technology gets commercially deployed soon. Revenue in the form of a license fee would validate so much right now for me. Time for clients to have some skin in the game.
It is proven technology. It was independently tested. Did you miss the test result announcement last year? How is it not proven? Am i allowed ask you to explain your comment?. It may not have gone commercial yet but it is proven... unless Leidos, Standard Labs and management are lying? If you have proof that they are i think everyone here would need to know that.
It was a different administration then. This is a new one with a whole different focus on coal. This is my limit to my posts for today. Would love clarification on your post.
James, ageee 100% with your comment. The compant have never received funding from DOE. Given every single clean tech company they have invested in is defunct i think that it a good thing. DOE valudation is all this company needs. Tge grants can go to the mining companies for them to license the technology.
I agree James. A lot rides on it but i do not think 100%. At the end of the day we have been told that it has gone to Sec Perry level. The administration needs wins. This is low hanging fruit. The political and global landscape seems poised for it...
Re carbon capture, until it becomes economically viable and the owners move their family next to Co2 underground storage facility i will not be a believer of it. See lake Nyos in the Cameroon.
It is based on permitting from the DEQ. AES cannot burn coal outside of what they are permitted to do and that doesnot include international coal.
How do you know AES is not financing in some way the plant move. You may be correct but as you are definitive on that can you disclose how you know it.
The company can only test coal that AES use. They cannot test coal from overseas at the AES location due to permitting restrictions. Hence why they are moving the plant to an independent location.
Whether a partnership exists or not with AES i guess time will tell. They did burn the companys processed coal. Also, the test facility processes between 2-3 ton per hour. It could not process what commercial demand would be via the test plant.
I completely agree John. Any company that press releases everything they do is a company that i shy away from. From what we understand they are on front of major clients and i can assure you, from experience, that no company out there wants initial discussions in the public domain. Due diligence on the technology and company is what they do. Thankfully, all legacy law suits are gone and the balance sheet is a lot cleaner than ever before. All that helps.
I hope they keep their cards to their chest until something definitive is signed.
As per the 10q released 2 weeks ago he is the CEO of the company. Why do you ask?
Regarding the company discussing details on any relationship they are having with any third party i know everyone appreciates whether it is an NDA or not the company should not discuss the terms. That is just common and smart business protocol.
Re Aiden visiting the plant why not ask him whether he is at the plant. What is the infatuation or interest in his whereabouts. Just email him. He is always responsive to me.
So the Form 4 shows Neary has sold no shares. You agree with that?
Also, you agree that management have put their own money in to fund the company at times?
You agree that they have not been PAID their salaries and it remains money owed by the company to them. Or are the auditors wrong? Only to be received on revenue generation?
Please answer the above without beating the previous managements behavior to death as they have nothing to do with current management.
Finally, congratulations on making money from the stock. Always good to have day traders in there.
Who is pegging their success on politics? They sustained 8 years of the previous administration that was anti coal. Any comments / criticisms on how they managed to keep the company alive during that time when coal mining coal technology companys went to zero. We were lucky they fought through it.
Please let us know how this management blew it and what you would have done differently.
I guess if people want daily updates then this is not the company for them. I read about the testing and time frame in their 10q.
I like seeing updates but only when there is something tangible to report. I hope they are too busy with testing and site visits then issuing a press release and repeating what they already stated for those who takes the time to read.
The company already announced that testing will take place through to the end of October. I see no need for them to do press releases everytime something happens. I suspect their next release will be to announce the results.
The company pay for any person on any blog/ board to travel to see the plant? Really? I would sell eveything i own in any company if they agreed to that. The mere suggestion is laughable. I have spoken in the past to Mr Eves and Mr Neary and i can asaure you that they have not made the sacrifices they made in cost cutting to spend it on anyone or anything other than getting this company to commercialization.
I do not know if you ever tried to reach out and speak to Aiden. He came across to me at least as fair, determined and honest and was as open as he is legally allowed be. The fact he refused to delve into specific transactions because of confidentiality issues tells me he is not looking for quick wins. I recommend you call him. Perhaps he can clear up any concerns you have. Or indeed not. People on this board need to take whatever steps they personally need to take to make them comfortable. I respect everyones opinion. IMO i always like to do my own homework then listen to other peoples opinions. Accept them or discount them is upto to the members on this board. My opinions are just my own.
Full disclosure... i have read the filings, read the press releases and spoken a few times to management. My posts are factual based on public information. If i am incorrect in my understanding i welcome anyone to set me straight.
Are you suggesting the plant does not exist? Or the plant was not independently and successfully tested? Both of those i think have been proven without doubt. I apologize but i am unclear on what you are having issues with. Maybe you can enlighten me.
I had another look at the 10k. Now i am not a CPA nor do i have a job title of CMA but from what i could see and based on company PR they have no convertible notes outstanding other than with Black Diamond. So that means that there is nobody out there incentivized to print lower prices.
Thank you Cartman for yesterdays link re short selling. That number should dry up when they know there is no further convertible notes there. So why is the stock so low? My guess is that one of the conversions tgat occured months ago is simply dumping their stock. Based on volume i would hope they are done. Is it only me that sees that the downward pressure appears to have eased?. But that is just my humble opinion.
I was not defending Neary. I was pointing out the facts. Regarding compensation i can only comment on what has been filed. His full salary has not been paid to him and whatever stock he has obtained through converting some of his owed salary into stock is largely irrelevant given he has sold ZERO shares. When stock hit $1+ he held onto them. From a shareholder perspective if he was dumping stock i would be concerned but he has done the opppsite. Compensation is what you receive and can monetize. From what i see the company owes him his back salary and he has sold no shares. That is skin in the game. He also appears to have loaned the company money at 0%. The above is not the actions of someone who is viewing the company as a piggy bank. But this is just my opinion. You may very well know something that contradicts what has been filed. Like when you stated he sold his stock!! Without you substantiating it with facts i will stick with my own DD based on audited accounts.
LOL. Unless Neary is intetested in 72 year old Australian men i can assure you i am not his wife. I just think that facts and truth should prevail to make boards like this valid. I am very disappointed with the share price and the dilution. I hope like most of you this turns around. I am very pleased to see all convertible notes have gone with the exception of their main investor. That, from experience is a nightmare on SP. I hope the testing gets completed soon so we can all be proven right or wrong.
White Coal, thank you for your insight and posting very informative links. It helps me understand the macro picture better.