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So would 1.00 per share.
What's your point?
(Mods, for the sake of this board, could you delete these useless posts? Mine included. I don't have a job and I still can't be bothered reading this board a lot of the time.)
Net-Man,
I'd like to think Cal wants to provide us shareholders with some good news before an update.
That being said, I sure would like to know what ever happened with AGES, especially considering this off-topic but interesting press release from Abitibi:
http://biz.yahoo.com/prnews/070308/mo356.html?.v=1
Abitibi-Consolidated to build biomass energy generator at Fort Frances, Ontario pulp and paper mill
Thursday March 8, 11:16 am ET
A (TSX) ABY (NYSE)
MONTREAL, March 8 /PRNewswire-FirstCall/ - Abitibi-Consolidated Inc. today announced an investment of $84.3 million in a new biomass energy generator to be located at its Fort Frances, Ontario pulp and paper mill. Construction is scheduled to begin in the summer of 2007, and the generator is anticipated to be in operation during the fall of 2008.
ADVERTISEMENT
The equipment will use renewable, cost-effective fuel from wood waste to generate steam and 45.5 MW of electricity for the mill. The new biomass boiler will burn mill-generated wood waste and primary sludge, as well as harvest slash from woodlands operations and wood waste from area sawmills.
"The new equipment will be instrumental in our strategy to reduce our energy costs and improve the overall competitiveness of the mill," said Alain Grandmont, Senior Vice-President, Commercial Printing Papers. "With this boiler, the mill will be less dependent in the future on market energy pricing and better equipped to compete in the fiercely competitive global marketplace," added Grandmont.
The project has received solid support from mill employees and unions, along with the Ontario Government and the local municipality of Fort Frances.
In January 2007, Abitibi-Consolidated and local unions agreed to contract extensions, which will provide the Company with labour stability. "This agreement will enable us to deliver on the full potential of the mill and position it among the best in terms of safety, environmental performance, customer satisfaction, productivity and financial measures," said Doug Murray, Northwestern Ontario Regional Manager.
The Government of Ontario provided a significant contribution to the project through the Forest Sector Prosperity Fund. The municipality of Fort Frances provided great support at every phase of the project, notably facilitating the necessary zoning changes. "A collaborative spirit made this project a reality and so very much reflects the shared commitment of all stakeholders. This simply would not have been possible without everyone's extra efforts and support," concluded Alain Grandmont.
The Fort Frances mill annually produces 285,000 tonnes of commercial printing papers and 116,000 tonnes of market kraft pulp. The mill employs 650 people, while 350 individuals are contracted for its woodlands operations.
Abitibi-Consolidated is a global leader in newsprint and commercial printing papers as well as a major producer of wood products, serving clients in some 70 countries from its 45 operating facilities. Abitibi-Consolidated is among the largest recyclers of newspapers and magazines in North America, diverting annually approximately 1.9 million tonnes of waste paper from landfills. It also ranks first in Canada in terms of total certified woodlands. Abitibi-Consolidated shares are traded on the Toronto Stock Exchange (TSX: A - News) and on the New York Stock Exchange (NYSE: ABY - News).
CONTACT:
Media and Others:
-----------------
Denis Leclerc,
Director, Public Affairs
(514) 394-3601
denis_leclerc@abitibiconsolidated.com
Investors:
----------
Francesco Alessi
Vice-President
Investor Relations and Taxation
(514) 394-2341
falessi@abitibiconsolidated.com
Surprisingly enough, the share count remains unchanged. (I just called Pacific Stock Transfer.)
I thought for sure the recent selling pressure was coming from dilution. I guess some investors just got tired of waiting.
Thanks TR. eom
Full measure I don't remember you.
And I didn't read more than a few words of your last post! Did I forget to put you on ignore? :OD
Well, not any more...*click*
If the KDS wasn't a viable product
Then why would the City of Prince George pay to test a KDS unit, and then vote to authorize money for this again, after the Province shot it down the first time because that and other bylaws they passed to enact did not square with the new interpretation of the City Charter. And, if you've been reading the news there in Prince George, they passed a tax hike of 90 bucks per household. Mo' money Mo' money....:
http://www.city.pg.bc.ca/cityhall/ag...2007_01_22.pdf Page 161
1. The Council is hereby empowered and authorized to undertake and carry out or cause to be carried out the Waste Water
Treatment Centre Micronex, generally in accordance with the plans on file in the municipal office, and to do all things necessary in connections therewith and without limiting the generality of the foregoing:
a)To borrow upon the credit of the Municipality a sum not exceeding six hundred thousand and fifty dollars ($650,000); and
b) To acquire all such real property, easements, rights-of way, licenses, rights or authrorities as may be requisite or desirable for or in connection with the Waste Water Treatment Centre Micronex."
- - - - - - - - - - - - - - - -
Korean testing, ethanol possibilities, pine beetle infested trees (and you know this is a great source of wood which can be mixed with the sewage sludge to make electricity), the future is bright. Bashers bash and wow they were right. Maybe they bashed more than a few stocks. Maybe some of those stocks did well despite their best efforts. But FASC didn't, and they should have been pigging out yesterday. Because it's not coming again.
And it sure as hell ain't going to .0003...hahaha..how's that short coming? i haven't checked the pps on FASC for 45 minutes...am i worried? yeah, a little, but NOT CUZ OF THE BASHERS.
AGES
Japan
Malaysia
The Energy Cabin
not WRAP and the bashers bashed so hard! Oh no WRAP is gone!! Hahahaha that project was great provided governments would pay for that kinda thing. Much cheaper to dump sludge, I'm sure.
OT: Province unveils bio-energy plan
Wednesday, February 28, 2007
Province unveils bio-energy plan
by GORDON HOEKSTRA Citizen staff
The province's latest energy plan released Tuesday calls for a new bioenergy strategy that will take advantage of the province's renewable energy sources, such as beetle-killed timber.
However, the plan, two years in the making, provided few details on the bioenergy strategy.
For example, there was no mention in the 44-page plan, or its background documents, of how the province is going to overcome the cost barriers of using the massive amounts of beetle-killed timber in the Interior to produce electricity.
There was also no target set for how much energy the province plans to produce from beetle-killed timber and wood waste, or when the province expects to see bioenergy in production.
The plan did say B.C. Hydro is going to issue an expression of interest followed by a call for proposals for electricity from sawmill residues, logging debris and beetle-killed timber.
No timeline was set in the plan for the proposal call, or any parameters, including the size of energy projects.
Asked how the beetle-timber cost issues will be overcome, Energy Minister Richard Neufeld said he expected energy producers will start working with forest companies on how they can actually develop new energy from pine beetle wood.
"We expect that it's going to be actually a lot more expensive than what we're used to today with our run-of-the-river projects and those kind of things," Neufeld told reporters on a call linked to the energy plan news conference.
"But what we have to do is look at the other side of the coin and think about what would happen if we just left it there and didn't deal with it," he said. "That wood is actually going to rot."
Neufeld said once B.C. Hydro makes the proposal call, the province will find out what's possible.
Even if the power is expensive, he noted there are opportunities to sell it south of the border where some areas may be looking to reduce greenhouse gas emissions. Bioenergy -- burning wood to produce electricity and heat -- is considered a green energy as its carbon neutral.
Later, an energy ministry official said that a complete bioenergy strategy -- that will include more details -- will be released in the coming months.
Prince George North MLA Pat Bell lauded the bio-energy plan, saying many of the questions will be answered in the proposal call by B.C. Hydro.
He said the Ministry of Forests and the energy ministry are working together so that when the call goes out it is clear how the wood will flow and how tenures will be awarded.
Bell, the agriculture minister, also said the B.C. Hydro call for proposals is unique because the bioenergy users won't be competing against other energy producers.
The beetle epidemic now covers more than 8.5 million hectares in north and central B.C., an area more than twice the size of Vancouver Island.
The beetle, and its larvae, destroy lodgepole pine by eating out the inner bark, as well as by introducing a fungus that impedes water flow. By the time it runs its course in 2013, 80 per cent of the Interior's pine is expected to be dead.
Utilizing pine beetle-killed timber to produce energy has been discussed for several years in the province. However, the cost of building roads, logging dead timber, replanting and then transporting chipped logs to power plants is considered cost prohibitive.
It's expected that subsidies or tax credits, or higher electricity prices, would be needed to make it viable.
Council of Forest Industries official Doug Routledge said that the most viable potential in the short-term is to use waste wood at the road side that could be trucked in regular logging trucks.
The use of wood and debris left behind in logged areas or standing dead lodgepole pine is not supported on the energy revenue side at the moment, said Routledge, vice-president at the northern office of COFI in Prince George.
He said the forest industry is working with the province on finding ways to remove those economic barriers as well as policy barriers. Forest companies take on obligations when they log forests, as they are responsible for replanting trees and issues like biodiversity. If other parties go in afterward to utilize leftover wood, the industry wants to ensure its interests are protected, said Routledge.
NDP forestry critic Bob Simpson said the Liberals' energy plan was long on rhetoric and short on substance. He said it didn't have any financial analysis on how to accelerate the move into alternate energy.
He said the bio-energy strategy is disappointing since it was pushed off to a later date.
Simpson, the MLA for Cariboo North, said he hopes the bioenergy strategy would be an integrated one that simply didn't replace liquidating forests for solid wood products, to liquidating forests for energy.
Other values like water runoff, wildlife and the burgeoning understory also need to be protected, he said.
I sold for cap gain losses.
Kinda wish I still owned it though, I want to believe it's real and good.
Has FASC said they plan to contract out the manufacturing of the KDS units as a strategic business plan? I was hoping it was just out of necissity and if enough sales rolled in they'd do the manufacturing themselves. To me that would seem like the best way to maximize profits over the long run.
Waitedog
Or...they are (potentially) enhancing shareholder value by (hopefully) scaring up sales to save the company from what would otherwise be a very ugly outcome. Check and mate.
Take your antics back to RB.
And...*click*
P.S. I never wanted to communicate with you, just wanted to call a snake a snake.
P.P.S. I'm by no means saying this company is destined for success, but to not pay the bills now would certainly be detrimental to the company's chances. But, I suppose you think everyone involved should be working for free, eh?
Waitedog you liar
tell me how Cal loaning money to FASC is diluting shareholder worth.
FWIW - Shares o/s 193,793,955 (unchanged). eom
rattling
Actually, I'm not frustrated at all. I haven't talked to Burg since before the UPS news back in November.
drifter, I've heard all this Met Met Mets talk
but what does Mets (I know he's an I-Hub poster) have to do with Xechem, and what is he trying to accomplish?
I spoke to Steve Burg
He said something about being in Nigeria 2 weeks ago. I asked if the walls were up, he said on one building up 4 feet, then later said 2-3 feet. He said the construction has slowed because money is scarce but it will pick back up when they receive the funds.
When?
Next week. He thinks. Although he has been told this before, so he just doesn't know for certain anymore.
"Early next week?" I ask...
He says something like I'm giving you next week, that should be good enough. Which it was, I was just being greedy.
I asked him if trials would start right away for Hemoxin in the U.S., he said he hoped so, but he didn't know. There was talk of it, but he wasn't sure if there would be enough money to start. The number one goal (of course) is to build the plant in Nigeria, and that could pay for any trials. He said he hoped Hemoxin trials to start this year. 4 year time frame for approval after trials start he said. 5-HMF will take much longer, 10 years he said.
I asked him how large (in square feet) the new production facility in Nigeria will be. he said he didn't know for certain, it was 5 buildings, he said he thought the one building was 24,000 square feet, but he wasn't sure.
So, the gist of the conversation is: Funds received next week.
P.S. I hope the board (under new management) will JUST SAY NO to off-topic posts, every day, all day. Do you people want to make money (and provide DD for potential investors..not to mention make it easy to find good DD yourselves) or do you want to blabber?
TR
What I expect to find in the minutes are the words Carried Unanimously.
http://www.city.pg.bc.ca/cityhall/minutes/
They've yet to post the minutes from January 22.
I've said this before
But that PDF is merely for the agenda of a city hall meeting. It is not the minutes. I've yet to see any proof that the city council has approved to fund the Waste Water City Micronex funds for a second time. (The provincial government rejected the first bylaw pertaining to such, as well as other bylaws, because they did not square with the new interpretation of the city's charter, or something to that effect.)
Since the original vote was unanimous 3-0, I am quite optimistic the same result will occur for the ammended bylaw. But until I read the minutes of the meeting, I won't be convinced of anything.
bigD
Didn't you say you were leaving if your prediction of big news didn't come true in 7 days? That was like 2 weeks ago.
http://sungrant.tennessee.edu/brownbag.htm
Upcoming Session: Feb. 9, 2007 at 1:00 pm (noon)
Forest Products Center Conference Room
Speaker: Dr. Lynn Wright
Oak Ridge National Laboratory
Topic: Development of biomass resources for bioenergy production
I look forward to seeing the slideshow for this if they post one.
TR, I was thinking more along the lines of an Energy Cabin fuel source, but the combining of biosolids with pine beetle infected wood is a potential source of combustible material.
Oh, and you're welcome. It was nice to be able to bring something to the board other than a conversation with Investor Relations.
Forestry key part of green plan
by GORDON HOEKSTRA Citizen staff
Thursday, February 15, 2007
B.C.'s forest sector is expected to play a role in greening the province -- including the production of cleaner power -- under a plan for which more details are expected to be unveiled in the next month.
In the throne speech Tuesday, the B.C. government promised better utilization of beetle-killed timber, the use of beetle-killed trees to create new clean energy and a significant increase in planting trees to help sequester carbon.
B.C. Forests Minister Rich Coleman said Wednesday that forestry's role will become clearer when the provincial energy plan is released later this month and B.C. Hydro puts out its proposal call for bio-energy.
He said that will go hand-in-glove with the issue of wood waste, particularly in Interior forests with mountain pine beetle-killed timber. He said he's already told companies that hold harvesting rights they need to find a way to give access to the wood waste being left behind in the bush. If they can't, the government may need to step in with legislation, said Coleman.
"It's lining up, not as quick as I probably would like to have it ... But I think we're very close," he said.
There are already wood pellet producers in the Northern Interior, but the B.C. government has been examining the idea of trying to find a way to fuel a large power plant from beetle-killed timber as well.
A ministry-commissioned report released more than one year ago concluded that beetle-killed trees could supply a climate-friendly fuel for a 300-megawatt electrical power plant at reasonable cost while creating jobs. The report modeled a plant in Quesnel and in a more remote area west of Quesnel.
The power generation -- 300 megawatts -- is enough electricity to power about 250,000 homes for a year.
Coleman said a key is getting to a point where the payment for the electricity from the plants make them economically interesting. "I think you'll see we'll get to where this is a viable energy product when we're done," he said.
John Swaan, the executive director of the Wood Pellet Association of Canada, said any energy plan that intends to utilize wood as a bio-fuel will have keep in mind the end product is energy, not two by fours. Bio-energy companies will not be able to afford to pay for roads and replanting, he said. "I'll be interested to see if there are any dynamic shifts that the ministry of forests is going to take to give better access to the fibre for the bio-energy proposals out there," said Swaan, headquartered in Prince George.
The province is also promising to invest in the forests as carbon sinks, under the belief they help to clean the air and offset greenhouse gases. The Liberals have promised to substantially increase tree planting, both through reforestation and planting trees in areas where trees have normally not grown.
Western Silviculture Contractors' Association official John Betts said he was glad to see an increase in tree planting mentioned in the throne speech, but stressed a plan is needed. "They'll be measured by what they actually do on the ground," he said.
UNBC forestry professor Art Fredeen injected a word of caution on using forests as a carbon sink.
He said research he's carried out on large-scale areas show that there are not huge gains to be made in sequestering carbon from forestry -- logging and replanting trees.
An analysis of the 10,000-hectare Aleza Lake Research Forest northeast of Prince George showed it was a slight source of carbon. "It's good to know that our forests are not putting more carbon into the air, but at the same time we should take not that forestry isn't going to solve any problems," said Fredeen.
The real key to reducing green house gases is reducing fossil fuel emissions, he said.
http://www.princegeorgecitizen.com/
TR
Sorry, no workie. Are you using Windows? Because I notice the address is http--stockcharts.com-def-servlet-SharpChartv05.ServletDriverchart=fasc and usually addresses start with http:// but maybe that's a picture thing, I don't know.
Can everyone else see the chart fine?
TR, I think it used to be a chart or something at the bottom of the page. Now it's just an X.
TR, can you do something about that broken link at the bottom of the I-Box? Sorry but they anoy me. :O)
Oh thanks TR!
Once again, you are the DD master in my eyes. (Although I should have seen that one myself.)
Sooo...this time we have expected documentation to be finalized, and a machine they expect to deliver, all in February. Well at least they just aren't cutting and pasting from the old 10Q, and changing the dates. Hopefully this is our month.
(I'm getting addicted to this bolding and italicizing I think.)
Thanks Terry.
If anyone was going to answer me on that one, I'd want it to be you. (Complement on your conversance with the English language.)
Juggsy, I agree. eom
My observations (or lack thereof) on the 10Q:
There was one sale in Malaysia to date, but the equipment was recovered when payment was not forthcoming. Two new projects are at the quotation stage.
The last 10Q read there were two projects in the negotiation phase. Is this progress? Or would a quotation come before negotiations ensue? I would have thought the latter...coincidence then? Or have these negotiations progressed to the next stage, which is the quotation stage?
On April 18, 2006 the company announced the signing of an Agreement in Principle to form a joint venture to be named First American Scientific Brazil Ltda. with South American Bio-Energy Corp Ltda of Uruguay and Bruno Industrial Ltda of Brazil for the manufacture, marketing, and operation of KDS equipment in Brazil, Uruguay and Argentina generally in, but not limited to the sugar industry. Under the proposed agreement, FASC will receive a royalty for each machine manufactured and sold in the territory and will share 50 % in any excess profits from the operation. The first machine has been ordered with delivery expected in February 2007.
Ordered by whom, and delivered from where? Ordered by our potential JV partners for demonstration purposes, or ordered by a customer? And will it be built by FASC Brazil Ltda, or will it come from B.C.? Last 10Q mentioned finalization of the JV agreement was expected in November, this time no mention of that, only delivery of a machine.
FASC has signed a Memorandum of Understanding with the City of Prince George, BC, Canada to assist them at their Waste Water Treament Plant in solving their environmental cleanup process of sewage sludge using the KDS Micronex System. This will be the first operation of its kind in the worls where strictly regulated Class B municipal sludge can be cleaned, bagged, and profitably sold to the public as a soil amendment. The initial runs are being monitored and evaluated by the University of BC, and if acceptable, the City will establish a permanent facility utilizing up to four KDS machines. To date all trial runs have been satisfactory and many adjustments have been made to accommodate the efficient processing of the City's sewage sludge. To date, all preliminary results have been positive. The expected date for completion of the final evaluation has been extended to February 2007.
Last 10Q the expected date for completion of the final evaluation was extended to November 2006. Fortunately for us, this time there isn't testing going on the early part of this month.
Do they proof read these filings?
"This will be the first operation of its kind in the worls where strictly regulated Class B municipal sludge can be cleaned, bagged, and profitably sold to the public as a soil amendment."
"With the funding provided by SDTC, WRAP, the USDA, FASCM, JP Steelplantech Co., the City of Prince George, UNBC, JNK Heaters Co. Ltd , in Korea, an soon in Brazil, our research and testing isdeveloping commercially viable applications for our technology for many unique applications."
I knew the subtle bashing would start.
22 posts is enough to make you look credible, huh? You're on ignore. Nice try though, son.
OT: Hey lsinche (newbie)
why don't you shut up about the other board, and just focus on FASC...because you're p-ssing me off. And if you can't figure out why that is, you're dumber than I thought.
Okay thanks TR. eom
Charlie
Thanks for the post regarding the JV agreement falling through in Brazil. Here all this time I thought they were still working on it. Pretty sad this information had to be gleaned on a stock message board.
Juggsy, you've got mail. eom
LOL beischens. good story. eom
lsinche
I found it kinda funny WRAP just released a report on wood waste dated June 2005.
TR
Don't worry about it. I was just wondering if you knew why FASC and Market Smart weren't a team right now. If you know why, just PM if you care to share. I'm guessing you don't. (I was gonna keep this information under wraps but I thought what's the point.)
I spoke to David Dungate today
At present time Market Smart is not representing FASC...no explanation given by Market Smart, David Dungate was unawares of this. He said he does not deal with that aspect of FASC.
I asked him about Prince George, he said he was unawares of the Prince George bylaw vote, but seemed quite interested in hearing that information. He told me that the PG tests were done late November. He mentioned a few pathogens they were successful in eliminating (including salmonella and e.coli...I forget the third) and he mentioned they were waiting on tests from Cornell which would satisfy the EPA. These tests were for something I believe he referred to as exotics. He mentioned eggs and something else. (Sorry I was sleeping when he called.) He said he was confident they would receive a kill rating on these because of the success they had with the salmonella, e.Coli, etc. The test results from Cornell are taking much longer than expected.
TR
I think the private message feature can only be used by subscription members.