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I couldn't agree with you more, ProfitScout. They seem to be honoring each customer's specific needs in Translock performance, and making the needed "tweaking" in design details to make Translocks work for each customer/industry. All this takes time, and sometimes even trial and error, but it should wind up making DoubleCrown a favored business partner in the end.
So, I for one am willing to wait, and allow our management's integrity, hard work, and favor toward customers, all work together to form strong, long-standing, and mutually profitable business relationships. We should all benefit in the long run, and be thankful we have such a great management team.
BigIron, I pray for DDCC nearly every day, asking for our leaders' protection, wisdom, and direction into what commitments they should get into, and which ones to avoid.
As far as I can tell, every decision they have made so far has been excellent, including using new income to fund new deals. While this could be somewhat risky, it could also lead to faster growth, and the "suddenlies" we have been expecting! :)
Probably the shaky Chinese economy, and low oil, gasoline and ethanol prices, may have caused a pause in the willingness of CTG or others to come up with the remaining funding of the Fulton plant( which I think CTG wants to see proven out, before they are willing to begin building multiple ethanol plants in China using Bluefire's technology).
Richard told me some weeks ago, that they were working on trying to recalculate/renegotiate the Fulton plant total cost, which could affect the net amount needed, after getting the $270M China EXIM Bank loan. However, I have not heard if that has actually been done?
BigIron, I have a feeling that the longer we have to wait, the greater will be the reward! [:^)
This is just another reminder, that a well-known Christian Prophet gave hints pointing to DoubleCrown being a good investment nearly three years ago. I think several of us actually made investments here as a result of what that Prophet, Kim Clement, had spoken.
This suggests to me that Doublecrown has leaders of excellent character and integrity, and that its probability of becoming a successful business in numerous fields is very high. Both Jerry Drew and Allen Lopez seem to have great relationships especially with South and Central American nations, and their Corporations, which seems to be leading toward numerous cooperative ventures there, as well as in the United States. I expect continued success on all fronts, as they keep moving ahead, and perfecting the various Translock Squared designs.
Yes, it sounds like DDCC are doing some innovative financing too, based on coming revenues in order to move ahead as fast as possible in adding new gold properties.
It was very interesting to read the new land has been mined for hundreds of years by only manual means, but soon they will buy or lease modern mining technologies that have the prospect of yielding faster production and profits.
Agree whole-heartedly, ProfitScout! They seem to be applying new, and soon-to-come revenues, immediately to new agreements that should produce a fast-growing stream of profits for the company and us shareholders!
While rising gold prices should be good for DDCC's precious metals shipping contracts, the effects may be minimal, unless gold is found and mined from the Bateman property.
Tricia recently told me they are not presently doing any further exploration there, but do plan to do so at some future point, and to take it up where the previous work left off.
I would really like to see a huge gold find there in the next year or so, as it should add considerable capital for expanding new businesses using the Translocks, especially when crude prices start back up, and fracking picks up again!
Bigiron, this is just the beginning! I believe increasing US exports of crude and LNG will help reduce our national debt, as well as benefit companies like Doublecrown! :)
That should be finished right about the time that home construction starts picking up for the year!
I agree, Doog. There may be a few bumps and delays along the way, but the DDCC Management team has been proving they are hard-working, intelligent, and ethical to meet obligations to both customers and shareholders.
Note that the total value of the new gold contract is $20M per MONTH! Even at 2%, that means around $400,000 income per month!
What I am curious about is how the construction of new Translocks is going? Anyone have any info on this?
ProfitScout, both you and Doog are to be commended for adding credibility to this board. Thank you both for good information and insight. We can all benefit from it.
I don't know, elk, and wonder about this myself? My guess is that for now, they are only working on those intended for specific new contracts.
I assume DDCC will be using new, industry-specific Translocks, for most or all of the new and coming contracts. This should help in net profitability. Plus, as Translock production increases, they should be able to lease new units out for additional income source.
Could be, sal, and then on to much higher levels, as the contracts that our ambitious management are making, go on to higher and higher net income levels!
I look forward to seeing the first publicized video of an actual shipment being made in Translock2 containers!
I think you are right, and from many perspectives. I am anticipating some great feedback on the new Translock Squared containers from customers of various businesses.
Yes, and I for one, am very grateful to our management, for doing what they do so effectively and thoroughly, for the benefit of all involved. [:^)
Amen! We can all agree with that! It is really nice to know we have a knowledgeable, ethical, and hard-working management team!
That could be, and then use any appropriate means to ship the heavy dore' bars to the customer? That would mean Doublecrown may also profit from shipping the aggregate ore, unless they provide Translocks as part of their contract? Guess we will find all this out later, as more info is released.
Watch the price explode after Arnie reports they have obtained the needed funds beyond EXIM Bank's $270M LOI.
Let's expect the profit WILL rise, per shipment with the gold price, since Tricia basically told me they have put Bateman mining on hold for the time being. let's also believe for increasing numbers of shipments of precious metals, as time goes on.
I am not sure if shipping dore' bars would benefit from the Translock containers? My hunch is that they are designed more for materials that are not too heavy, and fine enough to flow easily, such as sand, Barite, agricultural products( shelled corn, wheat, oats, etc.).
Yes, to the extent that we believe that, which I do. It is also good, IMHO, that the DDCC management are people of integrity and committed to growing the business.
They already have a $270M loan promised from the EXIM Bank, and I believe they are reviewing the original cost for Fulton plant. If they can negotiate that down some, it should directly reduce the extra amount needed to go ahead with the project.
Thanks, Bigiron, I was wondering what exactly dore' bars were? They must have some way to determine the exact purity, since metal content relates to value of the shipments!
I assumed Sharky saw this RECENTLY on CNN. Was that the case, or were you just referring to the original airing of the CNN interview five years ago?
I agree with both of you, and really have no reservations about the Translocks doing a tremendous job in a number of industries.
Good replies from Arnie. I hope it helps with completing the financing!
Oh, I know it is fitting in well, ProfitScout, and the patent(s) are in progress(pending). The only question was about Federal approval, which I assume is also underway, but may require some experience before final? As good as the Translocks are, I don't see that as a hindrance, though!
Elk, do you know how involved/difficult that approval process is?
Yes, and profits from Translocks should continue to increase for a long time, as they put more into service, and refine additional industry-specific models.
Well, I wondered the same thing when I read it, and am only repeating what they have reported.
In Tricia's reply to my question on the Bateman property, she repeated what has been already reported, namely that they are looking into the possible acquisition of precious metals properties in South and/or Central America.
Yes, I think we all feel the oil price will go up at some point. However, since the production of ethanol at Fulton is at least 15 months in the future, and then production from Chinese plants may be three years or so in the future ( as they surely want to see how Fulton works out before making further commitments), then the current oil/ethanol price is not a huge factor, IMHO. If I am right, a decision could possibly come any day to complete the Fulton financing.
I still think they may be re-negotiating the original Fulton plant cost, and if that can be reduced somewhat, it should directly affect the additional funds needed to begin construction.
True, Profitscout. With world stock markets being shaken, gold could have a significant rise very quick!
The only gold source where price will materially affect DDCC's profits will be from their Bateman property in Canada. As of now, we do not know that any gold is being mined there yet? I have asked Tricia about prospects at Bateman.
ps: Just got her reply: She says when they are ready to work on Bateman, their earlier exploration will provide the best approach. For now, DDCC is focusing on the South and Central American business deals.
Maybe they want to get it settled in, and performing well before announcing its arrival?
Yes, Scout, I recall a mention of the Bateman property recently, and am hoping to get a more specific indication of how much effort they are really putting into it?
As far as I can tell, the South and Central American sources are owned by others, meaning Doublecrown would either become their shippers, or would need to first purchase the minerals from the owners, and then ship/sell to the customers. Original ownership will make a huge difference in profitability.
Doublecrown's property in Ontario is known as the Bateman property. I recently asked Tricia what, if any, exploration is currently underway there to find precious metals? I will pass on her reply when received.
With this message getting out to so many, it will have greater impact when future deals are announced! Then,.......SUDDENLY!