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End of the month not soon enough?
Everyone is just talking about ATOLL, if they get one contract on anything they have to offer NNRI will go up big.
07.03.2008 // Press service of Rosenergoatom Concern
On March 5 a delegation of Santiago de Chile visited the Crisis Center of Rosenergoatom Concern
The visit was part of the program for further enlargement of the Russian-Chilean cooperation in the nuclear energy sector.
Presently, Chile is inclined to develop its nuclear power industry so as to avoid the forecast energy crisis. In Nov 2007 a delegation of Chilean senators visited Balakovo NPP, thereby showing that Chile is really interested in the construction of nuclear power plant and is carrying out preliminary marketing studies.
The director of the Crisis Center of Rosenergoatom Concern Igor Gorelov said that Russia was ready to provide Chile with any information and technical support in the field of construction and operation of NPP and to establish mutually beneficial cooperation with that country.
The Chilean guests have visited Moscow State University, Moscow Engineering Physics Institute and Moscow Power Engineering Institute and attended a presentation of floating NPP project.
News from a post on Yahoo, must read!
"I have a friend who I wanted to invest in NNRI and she spoke to the NNRI CFO friday in Vancouver. There will be 10sq filing and news the end of march. The CFO said the company is positioning themselves for growth 3-5 years out. I don't expect much in the short term. Also, nuclear is moving less quickly than solar, solar thermal, biodieseal, etc., which I personnally understand. I suspect a bump in price in the next 2 weeks."
I agree, and will load up more next week.
I believe it was around that time.
He was wrong about this one, however.
"Regardless – we had said in last weekend’s newsletter to expect a pullback if the stock price went to $10 and that is what happened so many who have been waiting for a pullback to enter started buying yesterday and we think and believe of the coming months that they will be very happy.
Thanks all. Have a fun weekend."
Here is an interesting (old) post from ST against Citron. It also has some in detail DD in it.
A website with the named citronresearch.com wrote a totally uniformed piece today about NUCON-RF. Their purpose seems to be to use lies and innuendos to try and get people to think negatively about a company in which they probably have shorted the stock.
The writer used no name and gives no contact information so that is very suspicious right away. As you all know my personal phone number is on my website as I have nothing to hide but the writer of this piece hides behind a web address where they think they can say whatever they want.
Their site used to be named stocklemon but I imagine they had so many lawsuits created by their lies in the past that they needed to change the name but I do not know for sure. We do know however that they are writing anonymously and if you go to their “About Us” page it says suspiciously “This page is under construction…”
They use the name “research” in their site title but they seem to do none on their own.
So we have an anonymous writer on a suspicious and unknown owner website writing false things.
To start they write that NUCON-RF has made “a series of mysterious acquisitions”
Well what kind of deranged statement is that? The CEO of NUCON-RF Prof. Valery Lebedev, PhD is the former Deputy Nuclear Power Minister of Russia and they bought 50% of ATOLL who make parts for nuclear power plants. How much more un-mysterious can that be? For the Russian government to allow a US company (the first and only one) to purchase such a highly sensitive Russian company says to me that the Russian government thinks very highly of NUCON-RF – think about that for a minute – do you really think just anyone can so such a thing? – if so than it is also very strange that no one before was able to do this. They write that they think it strange that ATOLL with such good sales would sell for only $2+ million in cash plus 4 million shares. Of course since they did absolutely no real research whatsoever but only wrote off the top of their head, they did not learn that ATOLL on its own could not expand to sell into and other countries or the former CIS ones as they had no licenses or access to capital to do so. To partner with NUCON-RF is a perfect match for ATOLL.
NUCON-RF has an agreement to co-lead an international consortium of European and Russian companies that will provide equipment, technologies and maintenance services to Rosenergoatom and their listed Russian contractors. Rosenergoatom is the operating utility of all Russia's nuclear power plants and is a main buyer from ATOLL. So ATOLL of course can see the huge benefit to them in this situation. Is there is a possible better fit to have the 50% shareholder in your company be the former Deputy Nuclear Power Minister of Russia and for them to already have an agreement with the country’s operator of all nuclear power sites? I think there is no better partner in the world. In fact only yesterday did they announce that now with NUCON-RF as a partner ATOLL increased the 2007 revenues so far by 52.5% adding $68 million to the former amount. For the unknown person to write that this is a mysterious acquisition is the most bizarre thing in my opinion. They even question the price of the acquisition. So on the one had they use innuendo to question the ATOLL company and on the other they say that that price paid is too small.
We have shown that the combining of these two companies is a perfect match and can help to expand the business for ATOLL . Besides the $2+ million in money they received 4 million is stock. Today it is true it is only worth $36 million but these are bright people and they see the huge renaissance of nuclear power plant construction going on in the world and they know also of the tremendous efforts underway and in the final planning to do remediation projects around the world and they know of the NUCON-RF expertise in this field. So yes at present the 4 million shares are only worth $36 but the owners of ATOLL understand that the share price will be much higher.
The writers from this website seem also blind to the knowledge of the formation of the huge Russian holding company ATOMPROM and what that means to the nuclear industry in Russia and in fact the world. I will not repeat the details here but they again so obviously did no research what so ever. Hint – ever hear of GAZPROM who has a $300 billion market cap and may become a $1 trillion market cap in 10 years? Twice the size or ExxonMobile. Well ATOMPROM is modeled about the same but for the nuclear industry instead of gas – do a Google search to learn something. This site citronresearch has never come to the company or to ATOLL at all and they make things up as they wish. If this website were a real company or even had a serious writer they would visit NUCON-RF or at least talk to them instead of hiding behind a URL. I invite them to come to Russian and see NUCON-RF and ATOLL in person and after to write a report after. They will not be shorting any stock when they see what is taking place. They seem to not understand that ATOLL is a very restricted company so have no website where you can look around. They work with very secure nuclear technology but I think a visit could be arranged for them
The writer makes a very derogatory comment about Mercer Capital and again they show their total incompetence. They suggest that Mercer Capital is selling stock retail. Mercer Capital does private placement of stock and no retail and they could have learned this with one phone call that they did not make. This citronresearch is looking more and more like a scam site that tries to scare people into selling stock based on lies they write. I imagine that the Mercer Capital attorneys will have something to say about the false statements made.
So citronresearch never came to Russia to check anything but Mercer Capital has come twice. Which one is real - the one with real people and phones or citronresearch who is totally unknown and hides.
Speaking of phones the writer does not even know that NUCON-RF has its operational offices in Moscow Russia – hello – they state that the headquarters is a P.O. box.
Let’s see – the Chairman of the board of NUCON-RF is Larry McQuade, Formerly Vice Chairman of Prudential Mutual Fund Management and Executive Vice President with W.R. Grace & Co. He also served as United States Assistant Secretary of Commerce from 1963 through 1969 and at the U.S. Department of Defense, as Assistant to the Assistant Secretary for International Security Affairs, in the administration of John F. Kennedy. With all of this the site citronresearch claims the headquarters for NUCON-RF is a P.O. box. I hate to use the word lame but really – do they not even check to see who is running a company they want to write about? Let me repeat--- Formerly Vice Chairman of Prudential Mutual Fund Management - United States Assistant Secretary of Commerce and yet they question the integrity of the company and at the same time give no name or phone number for themselves? They are a joke.
Did they not – no of course they didn’t, know that the adviser to NUCON–RF is Valery Zubov, Ph.D., Member of the Russian Federal Parliament Committee on Credit Organizations and Financial Markets. In other words he oversees the stock market and banking regulations but this seemingly low life site citronresearch prints the trash they said about NUCON-RF? Once again read who heads this company and with whom they have strategic relationships and learn a little. These relationships have been formed over many years and you only in the last year began to see the results and many more will come.
The thrust of the short article seems to be the hope that people would read and want to sell stock so citronresearch could make a profit on their short position in the stock.
We do not like to make any price predictions exactly here but let’s suppose that knowing the extremely high level and qualified leadership of NUCON-RF, that what is in the press releases is to become the case. We can extrapolate from the ATOLL releases $183 million in orders for 2007. As these are mostly from the main operator of all nuclear plants in Russia we need not question them. The profits in an earlier press release pointed to about an 18% profit so if that holds true it would be about $33 million and NUCON-RF’s share is 50% or $16.5 million. There are two other acquisitions in the works and they may contribute $4 million more give or take. This is only a rough guide but in this case the profits would be $20.5 million or about $0.58 per share based on 35,000 shares outstanding. (again realize that these are my personal extrapolations for illustration purposes but you can do your own using the press releases) So far we only show that if this is the least they do the current share price seems low for average of a companys in this field. PESI has a PE of about 23and ECOL a PE of 20 While CLHB (who does not do nuclear waste) has a PE of 24. So let’s say an average of 22 x $0.58 gives us $12.76. This is before any additional contracts.
So the site operators of citronresearch who may be lemons but do absolutely no research want to short the stock in a company that trades at a forward PE lower than the others in the field but one that has significantly higher potential in my opinion than the other three mentioned.
One specialty of NUCON-RF with huge potential is in International nuclear decommissioning and remediation projects. They have established themselves as NUCON-RF has an agreement with the Department of Nuclear Sites Decommissioning of the Federal Agency of Nuclear Energy of the Russian Federation to supply nuclear safety technologies, products and equipment for Russian and G-8 funded nuclear waste decontamination projects.
At the moment the most urgent decontamination project is Andreyeva Bay, Building No.5, a highly contaminated former radioactive waste storage site undergoing decommissioning.
The total of projects to be funded in part by Russia, the G-8 or and/or the European Bank of Reconstruction and Development is estimated to last until 2012 and perhaps beyond, will cost $4 billion and $2 billion of this amount will be funded under a G-8 funded decommissioning plan. Approximately $438.5 million of the $2 billion in working contracts have been concluded to date. NUCON-RF is awaiting any assignment of contracts.
So the shortsightedness of citronresearch does not allow them in any way to grasp the very serious business that NUCON-RF is in and obviously, as we have said, they totally ignored the high level stature of the people running and connected to NUCON-RF.
This clean up above is only part of what is needed as we all know NUCON-RF has an agreement with ATOMSTROYEXPORT (another major part of what will become the giant ATOMPROM) in which NUCON-RF will become the project partner and supplier to ASE of technologies and services in the Chernobyl Shelter Implementation Plan funded by the G-7 donor countries through the European Bank for Reconstruction and Development in Ukraine. The principal aim of the plan is to convert Chernobyl's Reactor 4, destroyed by the 1986 nuclear accident, into an environmentally-safe site.
You see citronresearch sees only that a company seemed to appear out of nowhere and have a run up in the stock price. What they do not see are the years of planning that have taken place before. The company for simplicity reasons took over an existing shell company to be on the US exchange as is a common practice. We know NUCON-RF plans to move to the AMEX or other major exchange and they await the SEC comment from their February FORM 10-SB filing.
NUCON-RF also has several proprietary technologies that have positioned the Company for multiple international projects.
NUCON-RF holds an exclusive license for NuCap™ in the Russian Federation and other CIS Countries. NuCap™ is a silicon-geopolymer material that stabilizes, encapsulates and stores nuclear waste for up to 170 years. It will be used on many of the cleanup sites.
NUCON-RF also owns a proprietary, moldable, non-toxic polymer-based nuclear energy shielding material known as FEECOM/BIECOM. FEECOM/BIECOM can be utilized in lieu of lead shielding. In the European Union, the use of lead will be banned as of 2010 for use in nuclear energy projects. NUCON-RF is in negotiations to establish its own European manufacturing facility for FEECOM/BIECOM as it anticipates strong demand for this product.
Bulgaria Imports Russian Workforce for Belene N-Plant
7 March 2008, Friday
Construction on Belene two twin 1000 M units is expected to begin in the second half of the year, with 2014 and 2015 as the tentative deadlines for the two reactors to go online. Photo by Yuliana Nikolova (Sofia Photo Agency)
| buy photo |
Russian nationals will account for half the workforce to build two nuclear reactors at Bulgaria's Belene power plant on the Danube to make up for a shortage of local experts, Moscow officials have announced.
"Some 2,000 Russian experts will join the construction of Bulgaria's second nuclear power plant," Genadij Rostovski, chairman of the Russian Chamber of Commerce and Industry for the Balkans, said during his visit to the northern town of Veliko Tarnovo.
The long-awaited EUR 4 B deal that will see Russia's state-owned Atomstroyexport design and build the two twin 1000 M reactors was sealed at the end of January during the visit of Russian President Vladimir Putin to Sofia, more than a year after Bulgaria picked the firm.
The total costs of the project are expected to run much higher, to the tune of EUR 6-7 B, and Russia is interested in developing the lucrative project further.
Construction on the two twin 1000 M units is expected to begin in the second half of the year, with 2014 and 2015 as the tentative deadlines for the two reactors to go online.
Bulgaria's government has set mid-2008 as the deadline to pick the strategic investor, who will buy 49% in the company that will build and operate Belene nuclear power plant.
The country's power grid operator NEK, which will own the remaining 51%, said all five bidders left in the race have submitted their improved bids before the January 9 deadline.
The short-listed bidders are Czech CEZ, German E.ON and RWE, Belgian Electrabel and Italy's Enel.
By the time the strategic investor is picked, NEK will also have to choose the bank that will arrange the financing for the construction of the power plant.
Until then, financing is ensured through a EUR 250 M bridge loan contracted from BNP Paribas.
If the selection process is delayed, Bulgaria could use its fallback option and contract up to EUR 600 M from EU's Euratom agency and the European Investment Bank (EIB), with the cabinet underwriting both
ChernobylSarcophagus
Sarcophagus Stabilization Continues at Chernobyl Plant
Russian nuclear power plant construction company Atomstroyexport has begun work on the next phase of stabilization at the Chernobyl Nuclear Plant. The purpose of this project is to reinforce the badly-worn roof of the aging cement Sarcophagus covering Reactor 4. This work will be paid for by the international Chernobyl Shelter Fund, comprised of 28 countries including the G8 nations.
What does that tell you? Things don't happen fast for NNRI but this is definitely the bottom.
Low volume, bouncing off the bottom, load up!
More time to back the truck up!
Delegation of Santiago de Chile visits Crisis Center of Rosenergoatom Concern
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2008 2007 2006
March February January
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07.03.2008 // Press service of Rosenergoatom Concern
On March 5 a delegation of Santiago de Chile visited the Crisis Center of Rosenergoatom Concern
The visit was part of the program for further enlargement of the Russian-Chilean cooperation in the nuclear energy sector.
Presently, Chile is inclined to develop its nuclear power industry so as to avoid the forecast energy crisis. In Nov 2007 a delegation of Chilean senators visited Balakovo NPP, thereby showing that Chile is really interested in the construction of nuclear power plant and is carrying out preliminary marketing studies.
The director of the Crisis Center of Rosenergoatom Concern Igor Gorelov said that Russia was ready to provide Chile with any information and technical support in the field of construction and operation of NPP and to establish mutually beneficial cooperation with that country.
The Chilean guests have visited Moscow State University, Moscow Engineering Physics Institute and Moscow Power Engineering Institute and attended a presentation of floating NPP project.
Good job Gibber, thans for the info.
No firm date, hopefully by the end of March. Get on board, if you're not already, as you can see it's going up.
NNRI is nothing compared to this
It's pretty obvious that it has bottomed.
Load up Bat, forget the lotto.
I'll tell you tomorrow.
How do you keep an NNRI shareholder in suspense?
I am ready to load up today.
Don't know, don't care. I'm just the messenger.
read or don't I don't care
http://stockbuzz.us.reuters.com/ideas/show/73180
We have 1 bullet left in the clip and we better hit the bulls eye.
Sounds like we are giving up.
I always know that there is a chance of it but I own the stock so why should I admit it and bash it. Can't I be optimistic?
Is it me or the fact that your stock price is falling and the company is going belly up?
05.03.2008 // Press service of Rosenergoatom Concern
Rosenergoatom Concern has familiarized a delegation of Santiago de Chile University with floating NPP project
On Mar 3 representatives of Rosenergoatom Concern conducted a presentation of the project of floating nuclear power plant for a delegation of Santiago De Chile University.
In June 2005 Russia and Chile signed an agreement for cooperation in the field of peaceful use of nuclear energy. Presently, Chile is seriously considering the possibility of developing nuclear power production so as to avoid energy crisis. Besides, some of the country’s regions are short of water. So, the use of a floating NPP might solve both problems.
The Chilean delegates invited the specialists of Rosenergoatom to take part in the international seminar “Nuclear Power Engineering: Alternative for Chile?” to be held in late Mar 2008. The Chilean guests expressed wish to organize an exchange of students and experts specializing in the field of nuclear energy.
Presently, Rosenergoatom Concern is building Russia’s first floating nuclear power plant. The plant is being manufactured by Sevmash company and will be placed in Severodvinsk (Arkhangelsk region). The project is to be finished by May 2010. The plant is supposed to serve for 38 years with possibility of life extension.
Atomenergoprom is planning to increase its share in Arako to 100%
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2008 2007 2006
March February January
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04.03.2008 // Interfax
Atomenergoprom is planning to increase its share in Arako to 100%
Atomenergoprom state holding is planning to enlarge its cooperation with Czech companies, including in the field of production of equipment and components for nuclear power plants, says the deputy director general of the company Kirill Komarov.
He says that the Czech Republic is one of the most attractive European countries for Atomenergoprom.
In 2007 one of Atomenergoprom’s companies, Atomenergomash, bought the controlling interest in Arako spol. s.r.o., Czech producer of pipeline fittings.
Now Atomenergomash is planning to increase the share to 100% and to invest big money in the company’s development. Arako will supply its products not only to Russia but also to other countries building nuclear power plants.
If the Czech Republic decided to further develop its nuclear power industry, Russia is ready to offer its services and technologies.
Komarov is sure that Atomenerogprom’s cooperation with Czech companies has very good prospects.
Russia and the Czech Republic have big experience of cooperation. Particularly, Atomstroyexport CJSC and Czech Scoda JS have jointly participated in the tender for the completion of Mohovce NPP project in Slovakia.
Besides, TVEL OJSC has many-year experience of supply of fuel to Czech Dukovany and in 2010 it will start supplying fuel to the other Czech NPP, Temelin.
Get ready to load up the truck!
Have you guys seen this? I apologize in advance if it is redundant.
http://nnrf.stocktiger.com/
I can agree with that.
I hope it isn't but it sounds like a huge pump to me.
I think you missed your chance.
and another 30%!
you better sell your shares then.
Thanks, I'm glad you appreciate the articles. I am getting some hate mail on yahoo for it but some people like it there too. The thing I don't understand that worries me (among other things) is that with ATOLL's numbers looming the stock keeps going down. This is either unbelievable manipulation or bad news coming.
Here's another article, hopefully NNRI will be involved and we will hear about it soon.
Repair work starts on Chernobyl protective shelter
15:10 | 04/ 03/ 2008
MOSCOW, March 4 (RIA Novosti) - Atomstroyexport, a Russian nuclear power plant construction company, has begun work to extend the service life of the Chernobyl protective shelter, the company said in a press-release on Tuesday.
Under a contract signed on February 10 between Atomstroyexport and the state-run Ukrainian company that supervises work on the plant, the former is to repair and reinforce the badly-worn cover of the Chernobyl shelter.
The work to repair the shelter will be paid for by the international Chernobyl Shelter Fund. The fund comprises 28 countries, including the G8 nations, and is run by the European Bank for Reconstruction and Development.
In September 2007, Ukraine signed a contract with France's Novarka to build a new shelter over the damaged reactor and also a deal to build a "dry storage" facility for spent nuclear fuel on the site of the plant with the U.S. company Holtec International.
Construction of the new $1.2 billion shelter is due to start this spring. It will be constructed on site and then slid over the reactor.
Chernobyl was the site of the world's worst nuclear accident. On April 26, 1986, reactor number four at the Chernobyl Nuclear Power Plant exploded, resulting in a critical nuclear meltdown.
Vast areas, mainly in the three then-Soviet republics of Ukraine, Belarus and Russia, were contaminated by the fallout of the explosion. More than 300,000 people were relocated after the accident. However, 5 million people still live in areas of Belarus, Russia and Ukraine classified as "contaminated" by radioactive elements.
Estimates by international bodies as to the number of deaths caused by the accident at Chernobyl vary dramatically. Fifty-six people were reported to have been killed at the scene of the disaster, and another 4,000 to have died of thyroid cancer shortly afterwards. Several million more people are believed to have been exposed to different degrees of radiation.
The disaster is thought to have released at least 100 times more radiation than the atom bombs dropped on the Japanese cities of Nagasaki and Hiroshima in WWII.
Soviet authorities initially attempted to cover up both the scale of the accident and its consequences.
Shelter Implementation. Could this mean we might hear something soon?
04.03.2008 // Press service of Atomstroyexport CJSC
As the leader of Stabilization Consortium, Atomstroyexport CJSC, has started physical work under SIP 07–1–00 contract
The Shelter Implementation Plan (SIP) 07–1–00 contract was signed with Chernobyl NPP specialized enterprise on Jan 10 2008.
In Jan-Feb 2008 the Consortium carried out preparatory mobilization work, including medical examination and special theoretical training of personnel.
The representative of Atomstroyexport CJSC to Chernobyl NPP Vitaly Dragunov says that the contractor has documentarily confirmed its readiness to carry out the project.
The State Nuclear Regulation Committee of Ukraine has sanctioned the start of the project, while the Administration of the Exclusion Zone has provided Atomstroyexport with relevant license.
The contract envisages the repair of the roof and the physical protection systems and the reinforcement of the supporting beams.
The project is supposed to enhance the safety of the Shelter facility until a new safe confinement is built.
Note
The project is financed by the International Chernobyl Shelter Fund managed by EBRD.
Atomstroyexport is the leader of Stabilization Consortium. The Consortium also includes YUTEM-Engineering and Atomenergostoyproekt Research Company (Ukraine). ASE won the right to carry out the project in a tender conducted according to the rules and procedures of EBRD.
Atomstroyexport was the only participant in the tender, which proves that the Ukrainian party and the Western consultants trust the Russian company due to successful completion of the Shelter stabilization project in 2007.
Atomstroyexport CJSC is the leading Russian organization implementing contracts for the construction of nuclear power plants abroad. After the launch of two units of Tianwan NPP in China, Atomstroyexport is the only company in the world simultaneously building five nuclear power units in India, Iran and Bulgaria.