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OTOH those who guess right before all the info is in make more money. Speculation is buying risk.
This from the company only Says Idaho, Montana and Minnesota mining assets.
https://www.elementglobal.com/subsidiaries/mining.php
To my knowledge the company has only said they have NA mining assets, but it's a good bet since much NA mining is in Canada that some of those were are there.
The ones I know about are in Russia. However, ELGL also has mining assets in North America. I don't know anything about them.
The SEC, IF I recall correctly, doesn't allow 43-101 reports because they set out what has a ten, fifty, and ninety percent probability of being recoverable. Canada does, so the that is the standard.
The sec has made some changes to is policies, so that may have changed.
One of the press releases I posted said the mining assets were four billion. However, with mining assets you have to be careful since that number may include recoverable and non recoverable. That's why it would be good to see the 43-101 which lays that out. I don't know if that's been released yet.
EI'm not sure. As to the bond, it is a six hundred million balloon payment in 2022, as I understand it. ELGL has the rights to the tailings, which is the waste from mining. They pick through the dirt to get precious metals, etc.
This should explain some of it.
https://www.globenewswire.com/news-release/2019/08/13/1901260/0/en/Element-Global-Inc-ELGL-Acquires-Clarinova-Limited.html
https://www.google.com/search?q=clarinova+mining&client=tablet-android-alco&ei=3_i3YIqaO__T5NoPjsikwAg&oq=clarinova+mining&gs_lcp=Cgdnd3Mtd2l6EAMyBwghEAoQoAEyBwghEAoQoAEyBwghEAoQoAE6BwgAEEcQsAM6BAgAEA06CAgAEAgQDRAeOgYIABANEB46BQghEKABOgUIIRCrAjoECAAQQzoKCC4QxwEQrwEQQzoLCC4QsQMQxwEQowI6AggAOgUIABCxAzoICAAQsQMQgwE6BwgAELEDEAo6BAgAEAo6BwgAEMkDEAo6CAgAEBYQChAeOgYIABAWEB5Q8CdY9uEBYNbnAWgBcAB4A4AB1AiIAcxZkgEQMC4xNy45LjUuMy4zLjEuMZgBAKABAaoBB2d3cy13aXrIAQjAAQE&sclient=gws-wiz&ved=0ahUKEwjKhZ6K8_nwAhX_KVkFHQ4kCYgQ4dUDCA4&uact=5
I believe the bond was issued on the tailings of a Russian mine which element owns the rights to. If someone knows for sure, please post.
It won't be based on one to one or on the price of the two stocks. It will be based on which company brings what value. ELGL brings far more value and the ratio should be much better for ELGL than one to one. BFNH brings a filed form ten, which is not nothing, but not even close to what elgl is bringing.
They'll work it out, and no one will get screwed. ELGL has lawyers and so does BFNH. They also may have to get a fairness opinion from an independent source.
The ce was removed because the case for it disappeared when the stock was restored to the pinks. The delay was just otc bureaucracy.
From trains to grazing unicorns. Mixing metaphors like a champ. Okay I'll join in.
Good morning unicorns, how are you?
Don't you know me I'm your biotech.
The train they call the company of Predictive,
be gone five hundred points 'fore the year is done.
How is your new meditation practice coming?
The podcast is well worth a listen. It's couple of years old so it's pre-covid, but a nice explanation. Could be big.
Q out. Nothing particularly noteworthy to me.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001549145/000149315221011638/form10-q.htm#a_003
So, why is it that this who own the stock don't seem scared, but those who don't, do?
Not due until Monday.
And they're all violating federal law by not filing with the SEC?
Price is still too low for most institutions.
Anybody home? Haven't heard a word on this.
Okay, you asked four times so I'll answer. I didn't add there. Didn't have an invite.
Have you considered decaf?
Whole market, especially the russell
The more important part of the announcement may be giving us a firm time frame on the proto5. Four to six months is within the market's look forward time frame. If they follow up with some more info on the testing of proto4, that may give us and the market more certainty.
If this tech works the money and customers will be there.
Yes indeed, wow wow.
Too bad on the miss new, hope you had enough anyway.
Great move dreamer. The gen 5 will be here in 4 to 6 months. Fantastic
I put in a gtc bid for nine cents about a week ago and just got hit today. I think this is a good thing, but don't know. Kind of like being a member of a club that would have me as a member.
Nice to see they got it filed, but I didn't see anything new.
Well, that was fun while it lasted.
In the second amended form 10, submitted March 10, the company talked about plans to form plant by plant j.v's. Here is the language.
The Company’s goal is to further develop and commercialize its 100% owned CTS 2.0 technology that was discovered and developed in house. In July 2020, the Company began testing a 4th generation prototype to further optimize various parameters towards the engineering of a commercial size reactor. The 4th generation has 30 times the capacity as the 3rd generation. It is in the process of being upgraded to handle higher volumes of feedstock. The Company expects to build a 5th generation semi-commercial scale system in 2021 that should be of sufficient size – at least a ton of sugar per day production rate – to prove the commercial viability of the technology. Due to its mechanical nature and modularity, it is anticipated that one plant would have multiple modular CTS systems. After the system is commercially ready, the Company will either form a joint venture with an ethanol producer or acquire an existing ethanol plant and retrofit it with the CTS 2.0 technology to more rapidly achieve revenue.
This in the business background section, page one.
https://www.sec.gov/Archives/edgar/data/1549145/000149315221005844/form10-12ga.htm#ar_004
Gevo said today they aren't an ethanol company. If so, that's less competition for us.
Vbio, same day as pred. But it's still rare.
You are right ssnakes. All good news, reposted below.
news--all positive
https://ksusentinel.com/2021/03/12/global-infertility-testing-market-to-register-tremendous-growthbiomerieux-sa-abbott-quidel-corporation-atlas-medical-uk-babystart-ltd/
https://docoh.com/patent/by/companyId/1382943?fbclid=IwAR0hKmV6n_cN_Bevw--E2IG4vxaO6CkQ6Mb4xD_-dCq8XapVLM8to1XH9tM
https://www.amidoctors.com/predictive-biotech-data/?fbclid=IwAR1tzU2ZDDOdx7yhA5Tf0Ywyz3BfGjuM_T4iKmbb9otZc2VWWzf8ewALIOI
https://ksusentinel.com/2021/03/12/global-infertility-testing-market-to-register-tremendous-growthbiomerieux-sa-abbott-quidel-corporation-atlas-medical-uk-babystart-ltd/
Yes they are on the pinks.
Actually two in the same day. Vbio was elevated same day pred.
Actually they've been current, it was the sec suspension that was the problem. Even after the sec backed out, FINRA wouldn't. But now we're clear.
As others have pointed out, it looks like I was wrong about the one market maker. Looks pref is completely in the clear.
If you look at the link posted today that showed pred's tier change, it also shows vbio making the same jump from expert to pink.
We have a bid and ask and not too big a spread. And we have multiple mm's. Interesting.
For the next thirty days we will only have one market maker. A company cannot file it's own 15c211, only a mm can. The mm's reward is to be the exclusive mm for that that thirty days.
I wonder if we will see large spreads.
And thanks traderking60.
Good. Thanks altitrade. I guess it was just the legendary FINRA inefficiency.