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It was the news that CCTC was selling 70% to GE.. That's what caused the run in share price. The positive news about successful tests came out later. That news was only shared with GE during negotiations. Then, later released to the public. Check the charts.. PPS started falling when the deal breaker rumors started. Or shortly thereafter..
Selling 70% stake to someone like GE is not idiotic. It can actually be much more valuable to the remaining 30.
Any proof General Electric (last I heard) backed out of the 70%, 6 million dollar deal?
2 things I feel we'll all need to know and understand real soon.. H.E.L.E. (High Efficiency Low Emissions) and PRB (Powder River Basin).
HELE is one thing CCTC can accomplish with their drying and stabilization techniques.
PRB is most likely the next address for setting up shop.
Two huge potentials for us. Best of my knowledge PRB coal represents approx 40% of our Nations coal. (Don't quote me on that. These things can change with regulations). CCTC holds the "claimed" technology to significantly raise PRB coal values. Taking moisture from est 35% to say 6% can triple its value per ton in some markets. Keep in mind lessening its weight by 1/3, it obviously takes more product to get the same "ton". Even adding 1/3 more product (give or take) to equal the same weight - estimated profit gains are astronomical! And if you'll notice, conversations seem to be shifting from "clean coal" to "cleaner coal" throughout the media. This too can be very big news to our little NY Company..
I too, like the nearly 30% insider position (who wouldn't?) I also like the fact they haven't sold any shares since 2015 and actually accumulated in 2016. The part that makes me a bit nervous, is the the 70% stake in ownership deal.. That deal was being made to cover expenses related to further testing. Specifically eliminating the need for further dilution. What now? DOE funding?? Obviously hoping for the best here.. We shall see
A good article from 2016 (in case you haven't seen)
https://www.worldcoal.com/special-reports/08062016/clean-green-and-pristine-clean-coal-technologies-robin-eves-2016-918/
Anyone have an acct to share this? POS only let's me read part..
http://www.gillettenewsrecord.com/news/local/article_d2c6a9f3-cc3e-5797-8a07-1629d227f87c.html
I personally have zero knowledge in the Kemper project. Sorry
I also don't see this Pristine technology being the absolute answer to cleaning up coal. I feel there is a definate advantage when it comes to PRB coal. Also an advantage when it comes to transport. The benefits of burning dehydrated coal are good. Just not sure they're "good enough" to satisfy the need for clean energy.
That said, CCS is way too expensive for most operations. We may be surprised at the level of interest CCTC may shortly realize. Coal fired plants will need to show compliance. If Pristine M is on the compliance list, we will see great gains! And soon..! Either way, cleaning the coal, removing the dust, stopping reabsorption, lightening its weight for transport and raising BTU's on PRB coal by nearly 50% is HUGE!
Just by reading articles like the one posted below. And studying the region on which CCTC is focusing..
http://cornerstonemag.net/improving-the-efficiency-of-power-plants-firing-high-moisture-coal/
Will be interesting to see how they deal with PRB's higher Calcium Oxide percentages in these future tests.. This should be an interesting next several months.
Yes, Powder River Basin. PRB coal has its best chance of reaching a much favorable burn temp using CCTC's proven technology. PRB coal is also low in Sulfur Dioxide. This technology can make Wyoming and Montana coal miners a mint! Allowing their products BTU's to move from est 8,500 to over 12,000. These higher BTU's are proven to lower pollutants and produce more efficient energy thru coal by not having to use it's own energy (thru process) to help eliminate excess moisture. Therefor you get a much hotter/cleaner burning/less polluting material.
I was referring to the supposed reply you received from CCTC about Hogan$1. Not the fact he's guessing like the rest of us..
Here's one of my favorite chapters of the last link I posted. CCTC's technology can save companies tens of millions! 109 Million Annually.. If used across all U.S. Plants. Keep in mind, the U.S. isn't the biggest country (coal wise). This tech can possibly save the global coal industry a billion or more! On an annual basis, mind you..
Royalties anyone??
The improvement in boiler and unit performance, achieved during the test by removing 6 percent of fuel moisture was in the 2.6 to 2.8 percent range. This performance improvement is primarily due to a reduction in moisture evaporation loss, lower stack loss, and a decrease in auxiliary power requirements. Assuming a capacity factor of 0.8, this 6 percent reduction in fuel moisture represents annual savings of $1,300,000 for both units at the Coal Creek Station. If implemented on all U.S. lignite and PRB units, it would represent annual savings of $19,000,000 for the lignite-fired plants, and $90,000,000 for the PRB-fired plants.
So who's BS'n who here?? BBB says the reply he received back from CCTC indicated NO such conversation with Hogan$1. Now a change of tune? Ya'll just make shit up?
So his statement about No Australia etc was true?? Doubtful..
If I'm reading this right, the Company doesn't estimate any revenues until end of 2017/early 2018. My guess is this has been sped up due to the fact Trump was only a pipe-dream at the time this was filed. Agreed?
"The following information should be read in conjunction with the financial statements and notes appearing elsewhere in this Report. We have generated limited revenues from inception to date. We are also in preliminary discussions with companies, business groups, consortiums in the USA and Asia to license our technology, which, if successful, could realize limited short-term revenue opportunities from the signing of technology licensing agreements. Royalty revenue is not estimated until approximately 16 -18 months after the successful testing of the plant, currently anticipated in the third quarter of fiscal 2016, and an EPC contract has been signed to build a commercial scale facility."
Isn't that the truth?!
What ever happened with Jindal? They paid CCTI the first of 2 payments back in August 2012. They were first on the list to use the CCTI technology once available. If you look at the news articles on the website, you'll see what I'm talking about. Dated Aug 21, 2012.
New guy here.. I am long CCTC but have a couple questions for the board. The current process to delete excess moisture from coal is to pulverize it and form it into briquettes. Seems pretty simple. Is CCTC's patented process better? Cheaper? Faster? More efficient? My guess is it's a more cost-effective alternative that can be utilized on site. I like the fact their process can adjust moisture levels to users needs. Also create a less volatile situation during shipping etc. Just wondering how this will be the next big thing when briquettes seem like a no brainer. Maybe Pristine technology is that much better? Anyone know?? Thx
You ever write for a newspaper? Your posts seem surprising similar to those written by an AU news contributor. I too am long CCTC, and for very good reason. Not questioning your sincerity here.. Just curious.