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what makes you think its jupiter?(who owns 2 mil by the way)http://apps.cnbc.com/view.asp?country=US&uid=stocks/ownership&symbol=BQE-T&country=CA
i agree with your valuation. I suspect the new plant in china plus the ion exchang when the kinks are worked out will put this company into an anual profit. Its kind of a shame its taken so long with such a good product but the fact of the matter is bioteq is trading near its alltime lows and will soon enough produce record revenues and profit providing metal prices syay up. Only thing that concerns me is the company's current bread and butter is a jv with china, in china.
sprott no. ubs not sure, ubs is based out of europe but its ubs global asset manageemnt canada, a canadian branch of ubs. jupiter yes, it would appear so
sprott asset management, ubs, jupiter asset management all own over 1.6 mil traded.
more importantly who is this seller? worst case pilot plant with newalta is a failure and its them unloading there 3.5 mil. Not likely but who knows.
there was an icenerg seller at .175 today, what ape/apes would sell 850k in spite of such strong fundementals for the business. Hopefuly not bad sart tests
great news, out of nowhere. 900k pounds copper anually, 450k to bioteq. Cash cost 1.50 per pound, cu at 3.50 so aprox 2 buck profit for pound at todays prices. Should add aprox 900k anually to the bottom line should things go as planned
logman
getting blue balled over here, lets get some news
oh yeah, this could easily get back to a buck in a couple years. I'll probably end up selling early at 30 cents, leave a boatload on the table
slowly but surely looking horned
i would assume the zinc plants are much larger in scale should the tests be sucessful and bioteq ends up designing a plant. Their last contract for a plant was zinc and was going to be bioteq's biggest plant until it was put on hold by the costumer
BioteQ Secures Contract for Testing of Zinc Recovery Using SART
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2012) - BioteQ Environmental Technologies, Inc. (TSX:BQE), a leader in the treatment of industrial wastewater, has secured a contract with an international gold mining company to carry out test work for a novel application of SART process technology in which cyanide will be regenerated from a zinc-cyanide solution rather than the more usual copper-cyanide solution. The work, which includes laboratory testing and evaluation of the suitability of SART, is expected to be complete by the third quarter of this year. The test work will provide the design criteria for a commercial proposal to supply a SART plant.
Jonathan Wilkinson, BioteQ's CEO, stated, "This project provides an opportunity to test a new application of SART, supporting our customer to reduce operating costs while recovering dissolved zinc from gold processing solution. The contract further confirms BioteQ's market leadership in innovative SART design and technology solutions. We are hopeful that this test work contract will lead to additional SART work with this new customer and others."
The SART process (sulphidization-acidification-recycle-thickening) is an enabling technology for copper and zinc-complexed gold deposits. The process, developed by SGS Lakefield and Teck Corporation, can remove the metallurgical interference of cyanide-soluble base metals and regenerate cyanide for recycle to the gold operation. SART can improve gold yields, reduce processing costs, and enhance the environmental performance of gold mining operations.
In the past four years, several new SART plants have been commissioned, and the technology is gaining market acceptance. In an environment of strong gold prices and tightening environmental regulation, gold companies are looking more closely at SART to improve the economics of new, closed or existing mine operations. BioteQ has successfully designed and operated two SART plants, is presently providing SART engineering and commissioning services for Kinross Gold, and is providing early stage test work and design solutions for several international customers.
http://tmx.quotemedia.com/article.php?newsid=52676293&qm_symbol=BQE
as i typed 50milion shares just crossed
i picked a bit up today on the tsx. A disaster for those in early but they've still got to have near 200 million in the bank and 80mil plus pgm's in the ground. Trading like an explorer, market is fed up with management
not quite sure, i've been flipping portions along the way but i would say .16. First dipped just above 20 cents and everything else was bought under .195 all the way down to .14 and still there to add providing the markets provides cheaper shares. I'm quite confident the business for what they do is only going to grow and the cash plus dexing plants should backstop the company for a long time.
how things unfolded was pathetic but yeah, under the circumstances its best to just move on. Plant performed soo poorly that nwm bought it in the end, a joke but then again previous management should have known better then to do business with a joke. Pain was absorbed by shareholders before me so i guess i can't complain
no pr recently per say, they've just been mentioning it in conference calls and md&a for recent financials. Said pilot with newalta was to be compeleted end of q2, commissioned q3. Not 100% certain but i think its the test plant for their gas frac water mobile units which if successful will potentially open up another massive door for the company in the marcellous shale where water is scarce. New regulation is about to send companies to old mines for there old mine drainage which in turn will need to be treated so it isn't corrosive.
pilot plant with newalta should be completed soon and enter commissioning if everything's on track. Should also hear something soon on plan for scrapping nwm sart plant,hopefully get some value out of that business venture disaster.
was going to add today cause i thought minto news would provide a little capitulation but no
why the hell is this in the alternative energy sector?
shitty management, shitty juristricton but alot of pgm's and cash. should be interesting to see how much cash they have left after construction stoppage at that mine
chestpisser
wish these guys would announce some new contracts already. Great balance sheet(trading at cash value), great technologies that are proven but not a new contract announced since new ceo took over