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I'm out now. Took a lunch break, came back and saw the way it was going and bailed out. This time I'm a winner.
Well, they do have a patent on their process. They have allegedly coughed up 300+K for engineering. It might be possible that building the components required for the plant might be too expensive to make the process feasible. Or, that it is going to take so much capital and take so long to get it right that it ends up being a very long term investment. I cut my holdings back to 1k, but would like to hold that for a while just to see. Or maybe the current pump will bring the share price up to where I'll sell.
This is very significant:
MIAMI, FLORIDA, Mar 02, 2012 (MARKETWIRE via COMTEX) -- BioNitrogen Corp. (pinksheets:BION) ("BioNitrogen" or the "Company") is a developer of revolutionary patent-pending technology for converting renewable biomass waste into high-nitrogen urea and urea fertilizer.
The Company is pleased to announce today that it has contracted Granherne, Inc. ("Granherne", a wholly-owned subsidiary of KBR Inc. "KBR") for the engineering development of the inaugural urea plant in Lubbock, Texas.
It is anticipated that the project will take about twelve (12) weeks in duration at a cost of approximately $380,000 and will establish finalized guidelines and templates for BioNitrogen's Urea Production Plants worldwide.
Granherne's scope of work for the Basic Engineering will be to incorporate BioNitrogen's existing patent pending engineering and technical work to establish the next-steps and protocols required for BioNitrogen to construct their planned Lubbock Fertilizer Plant for producing nitrogen urea from organic biomass.
Granherne Inc., an affiliate company of KBR, provides consulting services to the energy, power, chemicals, manufacturing, and industrial sectors. Granherne's senior technical staffs are supplemented by KBR's worldwide commercial, technical, construction, and management resources. This allows Granherne to provide competitive, specialized, consulting services supported by the depth and breadth of KBR's resources.
Granherne has successfully completed over 3,000 studies and projects worldwide for energy companies and financial institutions with experience spanning all types of projects, both new developments and enhancements to existing assets. KBR has a history of involvement with all facets of gasification, from technology development, to the engineering, procurement, and construction of gasification facilities.
The engineering will be carried out by Granherne and KBR process engineers with experience in gasification, ammonia and urea synthesis and plant integration, supported by KBR experts in acid gas removal and other specialties, who are available to advise as needed.
"Granherne is one of the world's most foremost engineering consultancies specialising in the energy industry. Their experience includes the full range of technology, feedstocks, and products. We selected them because we felt they had a unique history providing complete perspectives for this project, including the gasification technology, power integration, and project development." states Dr. James L. Simonton, BioNitrogen's Chief Engineering Officer. "Also pertinent is their international infrastructure and their ability to service our needs not only here in the United States, but internationally as well."
Any thoughts on the level the pump might reach?
Why is there no action on this?
Well that's a relief!!
What kind of resources are required to go full bore into finding and removing ore and refining same. In the anticipated scenario at La Panque would it just be selling ore or would refining be a part of the operation? I mean how many people and machines would be involved, tunnels or pits. This is all new to me.
Wow, got out of this awhile back after taking big bath. Just popped in to see what was happening. Read a few posts and the back and forth makes it seem like a ping pong match. So, nothing much has changed in the way of posts since Rufus first appeared. Reckon I'll pop back in a couple of months to see what condition ...
Tinroad, What is your take on Risicare's post?
Stone!! Yeah, IPA and Arrogant Bastard. Yummy!!
GOIN TO CHICAGO
RayDaddy
his Brother
Birddd
cjg
undercooked
Tennessee Tuxedo
Texaswisdom
builderman
sideshowbob
Hawks stocks
Corkss
Hawks Stocks
digitick
Hawks Stocks
Tallgrass
Not only are Monkinars becoming more popular but Chicago has hundreds more direct flights than Grand Junction.
I really like the grass clumps. Well duh!!
Two hours? Are you in Sacrapimento?
And Three Floyds
As long as we are talking about cars -- I had the 3.5 HO Charger for a rental when I totaled my 05 3.5 Altima and was looking for a replacement. I was impressed by the comfort and solidity of the ride. Maybe they put some Mercedes parts in that suspension when Daimler owned Chrysler. I wasn't too impressed with the quickness. I think the hp to weight is a bit on the low side given weight of the Charger. Also, mileage sucked. The Hemi would definitely take care of the quickness issue but of course the mileage would suck even more. I drive 110 miles round trip every work day and need to at least stay in the low 20s per gallon. My "new" ride is another 05 Altima. This time it is an SE-R with about 11/1 compression so I need to burn premium, but I get about 25/gal, have close to 300 hp, heavy duty suspension, reinforced body for some rigidity, forged wheels, 6 spd manual and nice bolsters on the seats to keep me nicely hugged while zipping around corners. 60% of my commute is on curvy county roads and the rest on 4 lane hwy or city streets. oh yeah, its red too and about 1.5 inches lower than other Altimas. They only made this model in 2005 and 2006. It's not an American car like you guys have been talking about, but it is just about perfect for my needs at the moment and I will be arriving at the Chicago Monkinar in it about 4:30 p.m. on 11/12.
Well, this is interesting, but there are still a bunch of "ifs" and "whens" that need to be satisfied.
Alternate Energy Holdings, Inc. (OTCQB:AEHI), a developer and marketer of innovative clean energy sources based in Eagle, Idaho, today announced a funding facility, Securities Purchase Agreement, with Source Capital Group, Inc. for the committed purchase of up to 170 million shares of common stock which is approximately $120 million today to cover payments for land, water rights, engineering work and Nuclear Regulatory Commission (NRC) application fees to obtain a combined construction and operating license (COL) for building and operating a nuclear power plant in Payette County, Idaho.
"Under the terms of the agreement we can draw upon the funding facility as needed for up to three years, which will allow us to effectively deploy capital following local approval in Idaho while minimizing dilution to shareholders. This facility is very timely as we expect the local approval process to be finished within the next few months," said Don Gillispie, AEHI CEO.
The proposed plant has received overwhelming approval at previous hearings in Payette County, Idaho and has been given endorsements from every mayor in the county as well as the Payette and Fruitland Chambers of Commerce.
"We hope our success in Payette will become a model for other companies to seek out and build new nuclear power plants on greenfield sites. As a long-time executive in the nuclear industry, it has become clear that nuclear is needed. It is the only method for producing baseload power that is both inexpensive and clean. In the past, only massive utilities had the resources and wherewithal to undertake such a project. However, as an independent company with committed site funding, we are defining a new paradigm whereby nuclear plants can be deployed in a cost effective way, without passing on the capital costs to rate payers," said Gillispie.
Source Capital's obligations to purchase shares are subject to AEHI obtaining a registration statement for the shares of common stock.
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Source Capital Group, Inc. (www.sourcegrp.com) -- Source Capital Group, Inc. is a full-service financial institution, specializing in middle-market investment banking transactions, distressed and high yield debt securities, investment management, mortgages, and business lending. Source has provided equity, debt, and structured finance solutions to both public and private companies in a variety of industries, including energy, oil and gas, telecommunications, technology, biotech, and consumer goods. Source Capital Group, Inc. was founded in 1992 and is headquartered in Westport, Connecticut, member FINRA / SIPC.
HRH, are all your car pics taken by you?
Wow, Cades Cove. Explored the Cove with my parents and sisters when I was 12, 13 & 14 on family vacations (many years ago). It was my favorite part of visiting the Smokeys. I particularly liked exploring the graveyards and reading the old markers. Hmm, be a great thing to do next Sunday. My second favorite part of being in that area was standing in front of the window watching the machine pull the salt water taffy.
Well, according to my weather source it is currently 49 degrees and cloudy. Supposedly tomorrow will be sunny, have a high of 59 and a low of 41, Sunday mostly sunny with a high of 61 and rain later in the day. Hope you have a good time.
Happy Birthday rekit. Good luck keeping things in balance.
Oh,right. I'm an old guy and sometimes my memory fails me.
Oh yeah, almost forgot. Where do I send your daily gifts?
Tallgrass is registered
Interesting hearing about the "under attack" aspect. I'm not in this stock now but continue to follow looking for the right opportunity to jump back in.
I agree. Hang in there Ex.
Me too.
Can't wait Mel.
Me too and I'm looking forward to it.
Damn, I sold another holding to increase my EIGH at .09 today. Wish I'd waited just another hour. Wish I had some extra bucks laying around.
See you there.
Best of Luck!!
thmscoop, happy birthday to your alias which was born a year ago today.
Stop!! Your signature is making me feel insignificant.
Hmm. Ahh sorry, I can only afford one wife
Why not, that's what my wife does for all of November (and expects presents each and every day).
AEHI has worked diligently to develop a network of agents and relationships throughout areas that would benefit from energy and fresh water. We just need to complete a sale to really get things moving.
One out of three ain't bad.
The world isn't flat? Damn, now I've gotta change my whole world view.