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Yes, absolutely no question they have addressed virtually all the potentials with a brilliantly-modified new transport system, that is amazingly versatile!
I look forward to a long future of increasing usage, and probably further additional patentable new versions as they begin being accepted and used by more and more material shippers!
Another reason for sticking with the Klanns, is knowing they are men of real integrity, and have the will to stick out waiting for ultimate resolution of the final piece of financing for their Fulton, MS ethanol plant.
For you newcomers, they have a $270M loan commitment from China EXIM Bank, but still need roughly another $30M to be able to begin construction of a cellulosic ethanol plant in Fulton, MS. They originally had that covered by a grant from the US DOE, but the DOE later dropped their commitment to BFRE due to time delays.
The reason China is involved, is that China Three Gorges Corp. wants to build multiple ethanol plants in China using Bluefire's technology, but they first wish to see if the Bluefire process will be effective, since it has only been used in a pilot plant in Japan( we think Bluefire has helped construct a new plant operating in Korea, but they have a non-disclosure agreement with the owners of that plant, and cannot talk about it).
So, I for one am optimistic this will be settled before long, leading to a future of ethanol production in both the US and China.
With the Translocks to be used for storage(as needed), in addition to shipping and unloading, suggests to me there may soon be a considerable demand for large numbers of them, in each business/design they will be used in.
It would be nice to know how many have already been built, and how fast they can be (or are being) built for the various industries that will be using them. I suspect this is info our management may not be free to make public for a while, but it appears that a great number of them will eventually need to be built.
I hope this good cooperation from the US Gov. is a sign of better things to come!
I know another start-up penny stock that had a grant from the US DOE, that actually began plans for a new plant, and then the DOE reversed their decision, and the company is still struggling over financing for that plant!
I am truly amazed at the ingenuity that Doublecrown engineers have put, and are still putting, into the various Translock2 designs that wonderfully fit the shipping needs of specific industries. What is surprising to me is why it took so long for someone to begin working on all the ways that shipping containers could be improved?
I look forward to Doublecrown soon becoming the world's leading provider of Translock Squared containers.
Sure is good to read one positive message about DDCC after another!
( I have most of the negative writers turned off) [:^)
Just another area they were working on for better/quicker success, that we were totally unaware of! Wonder how many other areas they are moving on that we haven't heard about yet?
It has been said before, although Richard didn't talk specifically about this in the sticky, but the China EXIM Bank is still committed, as far as we understand, to loan $270M of the original $300M needed to start work on the Fulton plant. Therefore, the current negotiations are primarily about the remaining $30M, unless there may be some reduction in the original $300M?
Inasmuch as CTG wants to begin building cellulosic ethanol plants using Bluefire's technology, and for excellent reasons(to reduce waste materials, eco-friendly process, home-produced source of part of gasoline supply, etc.), I think we can expect to see continued interest on the final details, until a final solution is worked out!
Even then, we are looking at maybe 12-15 months, after closing a deal, before Fulton is running and verified, so that the Chinese can make a final decision regarding building their own plants. This, IMHO, should add some incentive to work as rapidly, yet efficiently, as possible to finalize the Fulton financing!
No question about that, magicman, and with some of us adding our prayers to Almighty God for guiding our leaders into the best business paths, we should be expecting excellent outcomes from each contract, that benefit ALL involved!
ONE slap should do it; That is called, COMPLETE FINANCING!!!!!
That reminds me, I recently asked Tricia Oakley when they might begin applying their new technology to the Bateman property. As usual, she replied they couldn't comment on advanced planning until ready to make a public announcement, but that they definitely do plan to use the new technology before their two-year window expires.
Since DDCC owns Bateman outright, I suspect they need to wait until the capital is available to apply the needed manpower to search out precious metals there, using that new technology.
I am pleased to read what you and ProfitScout have written regarding the sacrificial actions our management are taking to preserve the control and integrity of our company. This gives us even greater expectations of becoming winners with our investments.
The way I heard it, China has simply slowed from very fast growth, to a more normal rate of continued growth, which could mean continuing growth,more in line with most other countries, and no real recession?
I expect a breakthrough very soon now ,in 2016, with the final portion of the Fulton financing, given that China still won't be in a position to begin their own plant construction for at least 12-15 months after this financing is completed.
Double YES! Let's not forget the fracking industry chemicals, and the Translocks, all of which have tremendous futures, as oil prices stabilize over time.
Our management seems to be working with tremendous effort, and diligence, to make all the deals become profitable as soon as possible!
As I understand this program, the Chinese only need to know that the Fulton plant, which will be owned by BLuefire, can produce ethanol efficiently, and economically, when using a cellulosic raw material; In this case, waste products from the lumber industry.
Once the Chinese (specifically, China Three Gorges Company), are satisfied with Fulton's operation, they would then likely begin to plan and build their own plants, using the Bluefire( Arkenol)patented process. I would think most Chinese investing would go toward their own plants, rather than the Bluefire Fulton plant, except possibly as needed to complete the Fulton financing?
Also, I see Bluefire planning additional US ethanol plants, as they have already discussed, at or near various US waste disposal lands that have sufficient cellulosic materials being disposed of at each location. This would of course, depend on the price and demand for ethanol, and the expected profitability of the plants, as shown by the Fulton prototype.
I agree with Tricia's reply, as well as ProfitScout's last post. This IS an excellent company, run by highly ethical, intelligent and valuable leaders, who are working extremely competently to bring it to a long-term success within the mining, energy and shipping industries.
Plus, they stated in the new agreement to exclusive use of a new technology to identify precious metals underground, that Bateman would be one of the places they plan to use this new technology.
Now,actual gold sales from Batemen might be months away, rather than days, but it does add new hope to all the other great things being pursued by Doublecrown, in both the shipping and the precious metals industries!
IK, that could also happen if they find considerable gold on their Ontario property also. We understand a gold vein runs right through that Bateman property, and owners on both sides either are or have mined from that same gold vein.
Notice that in addition to the new tech. using gravity waves and resistivity for locating gold, DDCC will be using a new eco-friendly method of processing gold tailings, in order to better process the new gold that they wind up mining!
Another innovative, clever method of improving future business volumes, as well as customer and shareholder benefits. This company has some truly great geniuses managing it!
The last time I spoke with Richard, he indicated they were working with both Chinese and US people, and they were also checking out the possibility of renegotiating the original $300M cost. If this happens, then the remaining $30M after the China EXIM $270M bank loan should become even lower to complete the deal!
Yes sir, holding gold is no longer a "losing" proposition versus cash, in some countries!
I have a gut feeling there is a lot of gold to be mined on the Bateman property, and am happy Doublecrown is planning on using this new technology to locate it!
I asked Tricia if this means they will be SOON going back into Bateman, since they have only two years to exclusively use the new technology. As of a couple months ago she only said they planned on going back some day to continue where work had been left off, presumably when more cash flow was available?
Yes, CTG seems to have the most to gain by participating in the final financing piece. Even if that happens soon, it may yet be another year or more before they would begin working on their own plants, as I feel pretty sure they want to see how the process works in Fulton, before committing huge sums for their own plants.
What I admire about the Klanns is they never give up! They have been checking out various possibilities, including seeking to renegotiate the original cost structure, which could open the possibility of reducing the remaining $30M needed to build the Fulton plant!
With such patience and stamina, along with the presumed desire of the Chinese to get on with applying Bluefire's excellent technology( my estimate as a chemical engineer from the petrochemical industry), I am pretty certain this project will soon be moving forward, to the success of all parties involved! [:^))
Thanks, HMONNY, for sharing Richard's reply. He has given me a similar response recently. Now that economic conditions seem to be improving, we may see more action on the final phases of completing the Fulton financing!
Elk, property owners on both sides of Bateman either are, or have been mining gold, and the same vein runs through Bateman as well!
Tradinglong, we are not totally sure the new company offering unique gold mining technology is Wavefront Technology Solutions, although that does APPEAR to us to be the one, despite the fact that they also have a new technology for improved oil drilling, that seems to compete with fracking, where Doublecrown supplies fracking chemicals.
We should find out before long the company's name, and meanwhile, let's be glad that our Management is moving along nicely in its new contracts that point to increasing success as time goes on.
The other side of the coin is that Wavefront Technology Solutions' new Powerwave Technology is used for enhancing oil drilling, and appears to be in direct competition with fracking.
The only reference to metals mining in WTS's video, relates to Copper and Uranium mining, which may or may not be relevant to gold mining?
With this a question mark, and the Powerwave, or Wavefront technology seeming to compete with fracking, I kind of suspect there may be another company involved in the new technology that DDCC has joined up with?
Anyone have more info on this???
Might be, BigIron. It wasn't real clear from what I found on their website, but it does seem they could be into this type of technology. Hopefully, others can find more info, or else ask Tricia?
Being based in Vancouver, this just might hasten DDCC's return to working on their Bateman property, too?
Greendolphin, I really appreciate your review of how our company got started as Doublecrown. I have only been board less than three years, based on a hint from Kim Clement, and minimal DD that indicated Drew and company were honorable people. Am glad now that I did, as it has been well confirmed that all the Doublecrown people are not only honorable and honest, but very intelligent and hard-working, doing all they can to make this business a great long-term success.
Yes, Magicman, but the Bateman property needs more prospecting to estimate how much gold can be mined there profitably? It seems the next step would be further prospecting where the last work left off, which requires capital up front. For that reason, I guess, it has been deferred until sufficient capital is available.
I fully concur, HMONNY!
China may experience increasing internal pressure to help get the Fulton plant started, since it will take more than a year, after financing is available, to build and prove out the plant's performance, which I believe the Chinese will need to see, before starting on a multiple plant program using Bluefire's technology!
I agree,HMONNY, for Bluefire, it is sink or swim, depending on final financing!
Another thing I didn't mention earlier, is the possibility of getting some reduction in the original plant cost estimate. I know they have been talking about this. If they can negotiate some reduction in the $300M total cost, then the remaining $30M needed could be reduced by a like amount.
With the problems China is facing with trash and pollution, it seems likely to me that a final financing answer could come from a Chinese source rather than from the US Gov., or a US bank?
For you newcomers who may not have finished your DD yet, here is a glimpse of the big picture:
BFRE has a patented process for converting cellulosic materials, including certain waste products, into ethanol ( or similar organic chemicals). They have prepared a plot of land in Fulton, MS, for such a plant, that will use wood waste products from lumber mills.
A Chinese company, China Three Gorges(CTG) has offered to help them arrange financing for that plant, so they can determine if it is a viable process to enable China to build multiple ethanol plants using Bluefire's technology, for converting some of their increasing supply of waste materials into ethanol.
At this point, Bluefire has a plant cost estimate of around $300M, and an LOI from the China EXIM Bank for a $270M loan. Bluefire are still looking for the remaining $30M, either as a US grant, or maybe a separate loan from another source. The DOE had earlier granted some funds, but with the passing of time, they stopped giving Bluefire additional funding. So, the big question is, will they get the remaining $30M, either as a loan or a grant from a different source? Therefore, any news that paves the way for Bluefire being able to fully finance their Fulton plant, will be HUGE!
Completion and verification of the Bluefire technology at Fulton, should open up big opportunities for Bluefire, both for patent rights to Chinese plants, and future US plants owned by Bluefire.
I happen to be a retired Chem. Engineer from the petrochemical field, and from reading the Bluefire literature on their previous pilot plant in Japan, I believe they have an excellent and profitable process for ethanol production, especially when using very low cost raw materials.
Looks like Doublecrown should do well now in most business climates. Rising energy should be good for their fracking materials, and rising gold should favor their precious metals businesses.
Yes, ProfitScout, Tricia confirmed to me a couple months ago that the Bateman property has been put on hold, in favor of what appears to be more favorable or immediate prospects for South/Central American precious metals deals. She told me when the time is right, they do expect to one day go back to exploring Bateman where the previous prospecting had been discontinued.
Gold is near to breaking above $1200 again! I look for the day when they will have enough cash flow to start exploration on the Bateman property again!
One more thing; When oil prices recover, Barite, fracking sand, and other fracking needs will also pick back up again.
If major oil production in the Mideast is ever destroyed, that could bring even higher prices and a rapid rise in fracking in the USA.
I don't think you will be sorry a few months from now! [:^)
Yes, and it takes patience on our part, along with confidence that DDCC's management will continue making excellent choices as they build a truly first-class company.
I have no doubts they are on the verge of becoming a profitable and growing company, based on the hard and fruitful work they have already demonstrated, along with our prayers that they continue having success in many endeavors!