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I like how you think!
I agree with all of that. Been watching the nukes.
3 slowest trading days of the year with a 3 day weekend in the middle? It is called RIBT market makers on vacation.
In the last quarterly institutional holdings, 5 times more institutions sold than bought . Not a great sign.
https://fintel.io/so/us/arkk
LOL, I am actually not a huge fan of TA. Most work half of the time, and now days, many false moves and market makers scare the heck out of you with good stocks or force you into bad stocks, especially lately with fake out breakouts. They seem to be a bit better in ETFs. So I believe it better for ARKK.
https://stockcharts.com/h-sc/ui?s=ARKK&p=D&yr=1&mn=0&dy=0&id=p74896211233
ARKK, like the chart. It just bounced up from a resistance line connecting the last 3 bottoms,
https://stockcharts.com/h-sc/ui?s=ARKK&p=D&yr=2&mn=0&dy=0&id=p46578025677
Electric cars catch fire in Florida after flooding
"Days to weeks later"
https://www.youtube.com/watch?v=LwraIqtRFqM&ab_channel=ABCActionNews
Thanks for the picks gpf. I am not in any Nukes's yet, but thinking. I still fear a big steep correction/crash more like 1987 than a bear market. IMO, the "boyz" will want to use a financial crisis to get new legislation through or, probably closer to 2030, a new world government. Either now or later, most all stocks will fall big time.
Zinc-Air Surpasses Lithium In Major Breakthrough In Battery Tech
https://oilprice.com/Energy/Energy-General/Zinc-Air-Surpasses-Lithium-In-Major-Breakthrough-In-Battery-Tech.html
wow_happens does not have a clue about this
dith Cowan University’s recent study into the advancement of sustainable battery systems suggests zinc-air batteries have emerged as a better alternative to lithium chemistries.
The research paper reporting the research and the results has been published in the journal EcoMat.
Edith Cowan University’s (ECU) Dr Muhammad Rizwan Azhar led the project which discovered lithium-ion batteries, although a popular choice for electric vehicles around the world, face limitations related to cost, finite resources, and safety concerns.
Dr Rizwan Azhar explained, “Rechargeable zinc-air batteries (ZABs) are becoming more appealing because of their low cost, environmental friendliness, high theoretical energy density, and inherent safety. With the emergence of next-generation long-range vehicles and electric aircraft in the market, there is an increasing need for safer, more cost-effective, and high-performance battery systems that can surpass the capabilities of lithium-ion batteries.”
The schematic illustrates the Co-N-C and Co-N-C@CoNiFe-LDH active sites for oxygen reduction reaction and oxygen evolution reaction, respectively. Image Credit: Edith Cowan University. The study paper is open access at posting and offers deep explanations and more images.
Zinc-air: An explainer
A zinc-air battery consists of a zinc negative electrode and an air positive electrode.
Until now the major disadvantage of these has been the limited power output, due to poor performance of air electrodes and short lifespan.
ECU’s breakthrough has enabled engineers to use a combination of new materials, such as carbon, cheaper iron and cobalt based minerals to redesign zinc-air batteries.
Dr Azhar noted, “The new design has been so efficient it suppressed the internal resistance of batteries, and their voltage was close to the theoretical voltage which resulted in a high peak power density and ultra-long stability. In addition to revolutionizing the energy storage industry, this breakthrough contributes significantly to building a sustainable society, reducing our reliance on fossil fuels, and mitigating environmental impacts.”
“By using natural resources, such as zinc from Australia and air, this further enhances the cost-effectiveness and viability of these innovative zinc-air batteries for the future,” added Dr Azhar.
Viable and reliable
Dr Azhar said while renewable resources such as solar, wind, and hydro energy play a critical role in the future of green energy, they are not completely reliable solutions as they are intermittent sources of energy.
“Due to the abundance of zinc available in countries such as Australia, and the ubiquity of air, this becomes a highly viable and reliable energy storage solution,” Dr Azhar explained.
ECU’s re-design of zinc-air batteries brings Australia closer to achieving the UN sustainable development goals and targets set by the Paris Agreement, which was established in late 2015 to emphasize the need for sustainable energy resources to limit climate change.
***
That idea zinc-air is viable is likely true. The basic chemistry has been around for years, safe enough that folks plug them into their ears while powering hearing aides. They do have an enviable record to start with.
The issues are that they are likely to be lower cost. Not any lighter in weight, and far far safer. There are a lot of uses that the technology can address right away. Just growing out of the tiny hearing aide market will be noteworthy.
True market relevance in the consumer’s mind is the target. Show us the typical AAA, AA, D cell out for everyone to see in the shops and if they’re good – they will make market share quickly.
Zinc-Air Surpasses Lithium In Major Breakthrough In Battery Tech
https://oilprice.com/Energy/Energy-General/Zinc-Air-Surpasses-Lithium-In-Major-Breakthrough-In-Battery-Tech.html
wow_happens does not have a clue about this
dith Cowan University’s recent study into the advancement of sustainable battery systems suggests zinc-air batteries have emerged as a better alternative to lithium chemistries.
The research paper reporting the research and the results has been published in the journal EcoMat.
Edith Cowan University’s (ECU) Dr Muhammad Rizwan Azhar led the project which discovered lithium-ion batteries, although a popular choice for electric vehicles around the world, face limitations related to cost, finite resources, and safety concerns.
Dr Rizwan Azhar explained, “Rechargeable zinc-air batteries (ZABs) are becoming more appealing because of their low cost, environmental friendliness, high theoretical energy density, and inherent safety. With the emergence of next-generation long-range vehicles and electric aircraft in the market, there is an increasing need for safer, more cost-effective, and high-performance battery systems that can surpass the capabilities of lithium-ion batteries.”
The schematic illustrates the Co-N-C and Co-N-C@CoNiFe-LDH active sites for oxygen reduction reaction and oxygen evolution reaction, respectively. Image Credit: Edith Cowan University. The study paper is open access at posting and offers deep explanations and more images.
Zinc-air: An explainer
A zinc-air battery consists of a zinc negative electrode and an air positive electrode.
Until now the major disadvantage of these has been the limited power output, due to poor performance of air electrodes and short lifespan.
ECU’s breakthrough has enabled engineers to use a combination of new materials, such as carbon, cheaper iron and cobalt based minerals to redesign zinc-air batteries.
Dr Azhar noted, “The new design has been so efficient it suppressed the internal resistance of batteries, and their voltage was close to the theoretical voltage which resulted in a high peak power density and ultra-long stability. In addition to revolutionizing the energy storage industry, this breakthrough contributes significantly to building a sustainable society, reducing our reliance on fossil fuels, and mitigating environmental impacts.”
“By using natural resources, such as zinc from Australia and air, this further enhances the cost-effectiveness and viability of these innovative zinc-air batteries for the future,” added Dr Azhar.
Viable and reliable
Dr Azhar said while renewable resources such as solar, wind, and hydro energy play a critical role in the future of green energy, they are not completely reliable solutions as they are intermittent sources of energy.
“Due to the abundance of zinc available in countries such as Australia, and the ubiquity of air, this becomes a highly viable and reliable energy storage solution,” Dr Azhar explained.
ECU’s re-design of zinc-air batteries brings Australia closer to achieving the UN sustainable development goals and targets set by the Paris Agreement, which was established in late 2015 to emphasize the need for sustainable energy resources to limit climate change.
***
That idea zinc-air is viable is likely true. The basic chemistry has been around for years, safe enough that folks plug them into their ears while powering hearing aides. They do have an enviable record to start with.
The issues are that they are likely to be lower cost. Not any lighter in weight, and far far safer. There are a lot of uses that the technology can address right away. Just growing out of the tiny hearing aide market will be noteworthy.
True market relevance in the consumer’s mind is the target. Show us the typical AAA, AA, D cell out for everyone to see in the shops and if they’re good – they will make market share quickly.
RIBT had a phony rally today. Up 20% with buy and sell volume equal, Then at 5:15E. RIBT out up an SEC filing saying they got delisted, Glad I got out.
https://ih.advfn.com/stock-market/NASDAQ/ricebran-technologies-RIBT/stock-news/91930741/form-8-k-current-report
BTW, I bought the first condo in 2010 and sold in in 2013 Real estate was still falling in 2010 and Obama had payments to first time buyers, and I got something when I sold and rebought.
https://money.cnn.com/2009/02/13/real_estate/homebuyer_tax_credit_finalized/index.htm
When residential real estate crashed in 2007/8, farmland went UP..I bought a condo in 2010 for $79,000, sold it in 2010 for $56,000. Good deal in a sense, because I bought a bigger condo for $88,000, and they are selling now in my complex for $190,000 10 years later. I do read some so called experts expecting a residential real estate bear market.
All 4 of your Nukes having a good day, charts look good, breaking out, breaking a decaling resistance line, or new 52 week highs.
https://stockcharts.com/h-sc/ui?s=NLR&p=D&yr=1&mn=8&dy=0&id=p42842467199
Bill Gates on the future of nuclear energy, AI>>>>>
Video in the link>>>
https://abcnews.go.com/Technology/bill-gates-future-nuclear-energy-ai/story?id=99160110
Nuclear snippets:
>>>>TerraPower, founded by billionaire and Microsoft co-founder Bill Gates in 2008, is opening a new nuclear power plant in Kemmerer, Wyoming. The plant will be the first of its kind, with the company hoping to revolutionize the nuclear energy industry in the U.S. to help fight climate change and support American energy independence.
"Nuclear energy, if we do it right, will help us solve our climate goals," Gates told ABC News. "That is, get rid of the greenhouse gas emissions without making the electricity system far more expensive or less reliable."
>>> Most nuclear reactors in the U.S. use water to cool the system, but water is not the best at absorbing heat, and there are pressure risks associated with overheating, which could eventually lead to a meltdown. This new reactor, which is set to open in 2030, will use liquid sodium instead of water to cool it. Sodium's boiling point is eight times higher than water, and, unlike water, liquid sodium does not need to be continually pumped back into the system.
"We've solved all the areas where there have been safety challenges. And we have dramatically less waste," Gates said. "A great thing is that the regulator in the United States is the best in the world and they do a very good job. So part of the process between now and 2030 is an immensely detailed review with that safety commission about how this design is far safer than anything that came before."
The new plant, which has been in the works for 15 years, faced delays at the end of 2022 after Russia's invasion of Ukraine in February of that year resulted in the loss of a special fuel source made in Russia. But Gates assured these issues are temporary.
"A lot of uranium mines and processing factories got shut down because people expected Russia to stay as a supplier. We do need to build that up domestically," Gates said. "But we have uranium domestically. We have the ability to do the processing domestically... In the long run, because of our uranium deposits here, because of the efficiency of the reactor, this thing can have a completely domestic supply chain."
h/t: gpf
Better safe than sorry. I never had a problem there, but.....
I will post it and give you an h/t
Great post!!!, My plan is to buy after a stock market dip or bear market. But, I felt this way in like 1998 and missed out on two fantastic stock years. But, not all stocks fell in the 2 and 1/2 year Bear from March 2000 to October 2002. The NASDAQ lost 66% and the S&P 500 50%. Big foods were slightly up plus dividends. Maybe I ought to buy now? Do me a favor and post this Gates and Nukes article on Dew's board replying to my nuclear post. I'd like to see some nuclear interest over there, Nobody responded to my post yet. There are some good heads over there and we might get some thoughts..>>>>
BTW. Gates bailed on BYND before it started falling hard.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172694771
That looks like a good safe mix. Me and a buddy got into gold and silver stocks in like 98. We both kept adding, my top picks were Sunshine Mining, Newmont Mining and Coeur Mining, which was mostly silver then, more gold now, bought a gold miner. After 911, when gold and silver did not go up we motived it did not go down either. And that was the bottom. but the rise was gradual. It took of in 2005. My problem with my mis was Sunshine I had a disproportionate amount on it as is was like $1. 1 year before it took off I got a positive annual report from Sunshine. 7 months later it went chapter 7, and 5 months later gold an silver took off. I had a total $15,000 total in the 3. I sold it all for $15,000. Had Sunshine not gone BK, I would have had about $55,000.
So, that is why I like your mix. Just an equal amount on Sunshine as the other 2 and it going BK and I might have had over $40,000 from my $15,000.
LOL Eli's 😄I played my best pool with 3 beers in me, (as I believed, better dancer then too)
And take into account Shef's last few starts, he was a good bet to be near the lead compared to others at the end , even if he did not win. In his previous 9 starts he was no worse than 4th only twice.
Golf is really a game of mind controlling the bodies judgement maybe more than other sports. I was I wonder how good Tim Herron and john Daly could have been if they never drank alcohol. I never did as well with a hangover compared to no hangover. A slight bump of the head or fight with the wide could affect the putting judgement or the whole game. Sehfflers putting may never be any better?
Winning your first tourney and getting over $1,000,000 might affect your will to win, forever .i.e. number 1 NBA draft picks can bomb out.
Eli's, you and others even warned me about Scheffler's putting and I took him anyway. I would not have won anyway, all my other picks, except Hovland bombed out anyway. Thanks for all the work you do for us Eli's
The West Is Losing Control Over The Gold Price
Who knows what's next?
Snippet:
Until recently, Western institutional money was driving the price of gold in wholesale markets such as London, mainly based on real interest rates. Gold was bought when real rates fell and vice versa. However, from late 2022 until June 2023 gold was up 17% while real rates were more or less flat, and Western institutions were net sellers. Most likely, Eastern central banks, and Turkish and Chinese private demand, lifted the price of gold.
https://www.zerohedge.com/commodities/west-losing-control-over-gold-price
Congrats capgain, this is really a fun one I'd like to win.
And Fukushima as an excuse not to build? A high school science class would not build a plant that close to the ocean.
China and Russia account for 70% of new nuclear plants
https://asia.nikkei.com/Business/Energy/China-and-Russia-account-for-70-of-new-nuclear-plants
TOKYO -- Russia and China are building up an outsized presence in the field of nuclear power, with the countries accounting for nearly 70% of reactors under construction or in planning worldwide.
Meanwhile, construction plans in Japan, the U.S. and Europe were largely put on hold after the 2011 disaster at the Fukushima Daiichi nuclear power plant, resulting in a stagnation of related industries in those countries.
wows thought, Fukushima should never have been built so close to the ocean. DUH
As of January, there were 110 third-generation nuclear reactors, for which safety measures were strengthened in the wake of the Chernobyl nuclear accident, under construction or planning, according to the Japan Electric Power Information Center.
China accounts for the most, with 46, followed by Russia with 30. The two countries account for 69% of the total.
Notably, 33 of the reactors are being constructed or planned outside each respective country. Russia has the largest number of overseas reactors with 19, and despite growing opposition from Europe and the U.S. following its invasion of Ukraine, it maintains a strong global influence in nuclear power.
In April, Russian President Vladimir Putin participated remotely in a ceremony to mark the arrival of the first fuel at the under-construction Akkuyu nuclear power plant in Turkey. Russian state-owned nuclear power company Rosatom plans to begin operations at the plant, Turkey's first, this year. The project is a symbol of the deep ties between the countries, which are a concern for the West.
Russia's nuclear power diplomacy is extending to other countries as well. In May, Rosatom began full-scale construction on Unit 3 of the Dabaa nuclear plant in Egypt, the country's first.
Hungarian Prime Minister Viktor Orban met with Rosatom officials this month to discuss the company's plans to build a new nuclear power plant in the country's south. Hungary opposes sanctions the European Union has imposed on Rosatom.
"Many developing countries take a positive view of Russia," Kacper Szulecki of the Norwegian Institute of International Affairs told British scientific journal Nature Energy. Russia's acceptance of spent nuclear fuel is also attractive to emerging countries.
Meanwhile, China is deepening its engagement with Pakistan. In May, the Pakistan Nuclear Regulatory Authority issued an operating permit for the Unit 3 reactor of the Karachi nuclear power plant. This reactor is the Hualong One, which was designed by Chinese players including the state-owned China National Nuclear Corp.
Hualong One has an output of about 1 gigawatt and is based on U.S. and French pressurized water reactor technology. China's involvement in Pakistan is deep, including financial assistance and construction of the Karachi Unit 2 reactor.
China also plans to build a nuclear plant in Argentina. The U.S. asked Argentina to cancel the project, but President Alberto Fernandez decided to go ahead with it, waving away possible threats posed by China as something promoted by the U.S. in an interview with Chinese media.
"China is pitching Hualong One to emerging countries, and exports will definitely increase," said Yuji Kuroda of the Japan Electric Power Information Center. If China and Russia boost their dominance in nuclear power, a key to energy security, their influence in the international political arena will become even stronger.
The U.S., Japan and Europe are hoping to catch up using small modular reactors (SMRs), considered fourth-generation technology.
SMRs are relatively small, with an output of 300 megawatts or less. They are considered very safe because they are designed to more easily cool nuclear fuel in case of an accident.
itachi-GE Nuclear Energy -- a joint venture of General Electric and Hitachi -- and U.S. company NuScale Power separately aim to bring SMRs online in the latter half of the decade.
"The U.S. government is helping to advance the development of this groundbreaking American technology," U.S. President Joe Biden said about NuScale's plan to build an SMR in Romania.
Washington is moving to curb the rise of China and Russia in this field by promoting SMRs in such countries as Thailand and the Philippines as well.
Japan has plans for eight new reactors, including one at the Oma nuclear power plant now under construction in Aomori prefecture. Screenings of proposed reactors stalled after safety standards were tightened following the Fukushima disaster, but the government changed course in light of a power crunch. Prime Minister Fumio Kishida has called for existing reactors to be replaced with next-generation reactors that are safer.
But Japan's competitiveness in nuclear power has waned. Its exports related to nuclear power fell from 131.4 billion yen ($943 million at current rates) in 2010 to 21.4 billion yen in 2020. A similar descent can be seen in the U.S. and many parts of Europe because they were wary about building new reactors.
"Supply chains in Japan, the U.S. and Europe have weakened due to such factors as the retirement of engineers, so there are more cases now in which we lose to China and Russia in terms of technology," said an official at Japan's Agency for Natural Resources and Energy.
Another issue is nuclear fuel. Uranium enrichment has become the weak link for Western nations. Enrichment facilities are limited, and Russia is the global leader for that process.
In April, the U.S., the U.K., France, Canada and Japan formed a nuclear fuel alliance. While the aim is to shut out Russian fuel from Western reactors, doing so will not be easy.
????? URA or where?
https://stockcharts.com/h-sc/ui?s=URA&p=D&yr=5&mn=0&dy=0&id=p47054114064
gfp, I had forgotten I had posted here, did not have it book marked, now bookmarked.
China and Russia account for 70% of new nuclear plants
https://asia.nikkei.com/Business/Energy/China-and-Russia-account-for-70-of-new-nuclear-plants
TOKYO -- Russia and China are building up an outsized presence in the field of nuclear power, with the countries accounting for nearly 70% of reactors under construction or in planning worldwide.
Meanwhile, construction plans in Japan, the U.S. and Europe were largely put on hold after the 2011 disaster at the Fukushima Daiichi nuclear power plant, resulting in a stagnation of related industries in those countries.
As of January, there were 110 third-generation nuclear reactors, for which safety measures were strengthened in the wake of the Chernobyl nuclear accident, under construction or planning, according to the Japan Electric Power Information Center.
China accounts for the most, with 46, followed by Russia with 30. The two countries account for 69% of the total.
Notably, 33 of the reactors are being constructed or planned outside each respective country. Russia has the largest number of overseas reactors with 19, and despite growing opposition from Europe and the U.S. following its invasion of Ukraine, it maintains a strong global influence in nuclear power.
In April, Russian President Vladimir Putin participated remotely in a ceremony to mark the arrival of the first fuel at the under-construction Akkuyu nuclear power plant in Turkey. Russian state-owned nuclear power company Rosatom plans to begin operations at the plant, Turkey's first, this year. The project is a symbol of the deep ties between the countries, which are a concern for the West.
Russia's nuclear power diplomacy is extending to other countries as well. In May, Rosatom began full-scale construction on Unit 3 of the Dabaa nuclear plant in Egypt, the country's first.
Hungarian Prime Minister Viktor Orban met with Rosatom officials this month to discuss the company's plans to build a new nuclear power plant in the country's south. Hungary opposes sanctions the European Union has imposed on Rosatom.
"Many developing countries take a positive view of Russia," Kacper Szulecki of the Norwegian Institute of International Affairs told British scientific journal Nature Energy. Russia's acceptance of spent nuclear fuel is also attractive to emerging countries.
Meanwhile, China is deepening its engagement with Pakistan. In May, the Pakistan Nuclear Regulatory Authority issued an operating permit for the Unit 3 reactor of the Karachi nuclear power plant. This reactor is the Hualong One, which was designed by Chinese players including the state-owned China National Nuclear Corp.
Hualong One has an output of about 1 gigawatt and is based on U.S. and French pressurized water reactor technology. China's involvement in Pakistan is deep, including financial assistance and construction of the Karachi Unit 2 reactor.
China also plans to build a nuclear plant in Argentina. The U.S. asked Argentina to cancel the project, but President Alberto Fernandez decided to go ahead with it, waving away possible threats posed by China as something promoted by the U.S. in an interview with Chinese media.
"China is pitching Hualong One to emerging countries, and exports will definitely increase," said Yuji Kuroda of the Japan Electric Power Information Center. If China and Russia boost their dominance in nuclear power, a key to energy security, their influence in the international political arena will become even stronger.
The U.S., Japan and Europe are hoping to catch up using small modular reactors (SMRs), considered fourth-generation technology.
SMRs are relatively small, with an output of 300 megawatts or less. They are considered very safe because they are designed to more easily cool nuclear fuel in case of an accident.
itachi-GE Nuclear Energy -- a joint venture of General Electric and Hitachi -- and U.S. company NuScale Power separately aim to bring SMRs online in the latter half of the decade.
"The U.S. government is helping to advance the development of this groundbreaking American technology," U.S. President Joe Biden said about NuScale's plan to build an SMR in Romania.
Washington is moving to curb the rise of China and Russia in this field by promoting SMRs in such countries as Thailand and the Philippines as well.
Japan has plans for eight new reactors, including one at the Oma nuclear power plant now under construction in Aomori prefecture. Screenings of proposed reactors stalled after safety standards were tightened following the Fukushima disaster, but the government changed course in light of a power crunch. Prime Minister Fumio Kishida has called for existing reactors to be replaced with next-generation reactors that are safer.
But Japan's competitiveness in nuclear power has waned. Its exports related to nuclear power fell from 131.4 billion yen ($943 million at current rates) in 2010 to 21.4 billion yen in 2020. A similar descent can be seen in the U.S. and many parts of Europe because they were wary about building new reactors.
"Supply chains in Japan, the U.S. and Europe have weakened due to such factors as the retirement of engineers, so there are more cases now in which we lose to China and Russia in terms of technology," said an official at Japan's Agency for Natural Resources and Energy.
Another issue is nuclear fuel. Uranium enrichment has become the weak link for Western nations. Enrichment facilities are limited, and Russia is the global leader for that process.
In April, the U.S., the U.K., France, Canada and Japan formed a nuclear fuel alliance. While the aim is to shut out Russian fuel from Western reactors, doing so will not be easy.
????? URA or where?
https://stockcharts.com/h-sc/ui?s=URA&p=D&yr=5&mn=0&dy=0&id=p47054114064
If we can invest directly in a company that makes SMR's them, wow. I Iike the thought of a general fund as well for safety as I feel all nuclear could do well in coming years. SMR companies could face competition individually. So buy both? Maybe.
Bob's exuberance was something special.
Advanced Small Modular Reactors (SMRs)
IMO, Nuclear will be revived. Could small modular reactors be used to help replace oil and even EV fuel, in place of coal, oil, and even wind and solar? And Nuclear powered charging stations for EV's some day? But I read that other countries that have sanity left are using more Nuclear.
My play might be URA, Global X Uranium ETF , chart at the bottom. I would not buy it now. COVID BS is heat up, maybe another Quarantine or other international or economic troubles. Somewhere between and early 2025, the market will be substantially lower, IMO. As of now, after a big crash or bear, I could buy this. As of now I own nothing.
https://www.energy.gov/ne/advanced-small-modular-reactors-smrs
Advanced Small Modular Reactors (SMRs) are a key part of the Department’s goal to develop safe, clean, and affordable nuclear power options. The advanced SMRs currently under development in the United States represent a variety of sizes, technology options, capabilities, and deployment scenarios. These advanced reactors, envisioned to vary in size from tens of megawatts up to hundreds of megawatts, can be used for power generation, process heat, desalination, or other industrial uses. SMR designs may employ light water as a coolant or other non-light water coolants such as a gas, liquid metal, or molten salt.
Advanced SMRs offer many advantages, such as relatively small physical footprints, reduced capital investment, ability to be sited in locations not possible for larger nuclear plants, and provisions for incremental power additions. SMRs also offer distinct safeguards, security and nonproliferation advantages.
The Department has long recognized the transformational value that advanced SMRs can provide to the nation’s economic, energy security, and environmental outlook. Accordingly, the Department has provided substantial support to the development of light water-cooled SMRs, which are under licensing review by the Nuclear Regulatory Commission (NRC) and will likely be deployed in the late 2020s to early 2030s. The Department is also interested in the development of SMRs that use nontraditional coolants such as liquid metals, salts, and gases for the potential safety, operational, and economic benefits they offer.
Advanced SMR R&D Program
Building on the successes of the SMR Licensing Technical Support (LTS) program, the Advanced SMR R&D program was initiated in FY2019 and supports research, development, and deployment activities to accelerate the availability of U.S.-based SMR technologies into domestic and international markets. Significant technology development and licensing risks remain in bringing advanced SMR designs to market and government support is required to achieve domestic deployment of SMRs by the late 2020s or early 2030s. Through this program, the Department has partnered with NuScale Power and Utah Associated Municipal Power Systems (UAMPS) to demonstrate a first-of-a-kind reactor technology at the Idaho National Laboratory this decade. Through these efforts, the Department will provide broad benefits to other domestic reactor developers by resolving many technical and licensing issues that are generic to SMR technologies, while promoting U.S. energy independence, energy dominance, and electricity grid resilience, and assuring that there is a future supply of clean, reliable baseload power.
U.S. Industry Opportunities for Advanced Nuclear Technology Development
The Department issued a multi-year cost-shared funding opportunity (U.S. Industry Opportunities for Advanced Nuclear Technology Development, DE-FOA-0001817) in 2018 to support innovative, domestic nuclear industry-driven concepts that have high potential to improve the overall economic outlook for nuclear power in the United States. This funding opportunity will enable the development of existing, new, and next-generation reactor designs, including SMR technologies.
The scope of the funding opportunity is very broad and solicits activities involved in finalizing the most mature SMR designs; developing manufacturing capabilities and techniques to improve cost and efficiency of nuclear builds; developing plant structures, systems, components, and control systems; addressing regulatory issues; and other technical needs identified by industry. The funding opportunity will provide awards sized and tailored to address a range of technical and regulatory issues impeding the progress of advanced reactor development. Read more on the FOA. Also, see the awards that have been selected to date.
URA Chart, note the dip in the last Quarantine dip in 2020 >>>>>
https://schrts.co/pndiBEXV
The new auditor said nothing wrong, I think. The deal is I died and I don't know what sin I committed, but I am actually living in Hell and my punishment for my sin is holding RIBT forever.
Sounds a bit strange to change an auditing company. The hard part is doing the basic accounting. My hope is that sell the company they need a second auditor opinion. But why fire the first one?
$RIBT A new SEC filing out thus AM that they replaced the auditor. The new one said they saw nothing wrong with the filings. I admit i don't understand why it happened, could be good if it a last minute thing before a sale, but doubt that. The volume is not speaking of a disaster. Maybe we get a nice last hour.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1063537/000143774923024531/ribt20230823_8k.htm
$RIBT Q2 PR
Carl,RIBT made it's first quarterly profit ever, unofficially. They took out the same condition after the sale of the bran business. I hope we hear a bit more from the SH meeting Wednesday.
Below the whole PR>>>>>
https://finance.yahoo.com/news/ricebran-technologies-reports-second-quarter-200600243.html
TOMBALL, TX / ACCESSWIRE / August 21, 2023 / RiceBran Technologies (NASDAQ:RIBT) ("RiceBran" or the "Company"), an innovator in the development and manufacture of nutritional and functional ingredients derived from rice, barley and oats, today announced financial results for the second quarter ended June 30, 2023.
Eric Tompkins, Executive Chairman of RiceBran, commented, "The divestiture of our stabilized rice bran ("SRB") business during the second quarter was the first step in a process aimed to reduce costs and curb losses, creating more optionality to explore strategic alternatives and better position the Company to realize the value of its remaining assets."
"Operationally, RiceBran delivered positive gross profit in 2Q23 from continuing operations, reversing prior quarters of gross losses, due to improved efficiency, recent capacity enhancements and higher volumes," Tompkins added. "Moving forward we are focused on further rationalizing our costs while exploring any and all alternatives to create value. With an ongoing strategic process in place and the Company's Board of Director (the "Board") actively evaluating a variety of potential outcomes, we have opted to forgo a quarterly conference call until a time when we are in a better position to share more meaningful disclosures on our strategic progress."
Second Quarter 2023 Financial and Operational Overview
Revenue: Total revenue from continuing operations was $6.3 million in 2Q23, down 4.7% from 2Q22 as lower MGI Grain Inc, ("MGI") milling revenues were offset by an increase in Golden Ridge Rice Mills ("Golden Ridge") milling revenues.
Gross Profit: Gross profit from continuing operations for 2Q23 was $24,000 compared to a gross loss of $0.4 million in the second quarter of 2022, reflecting higher gross profit at Golden Ridge related to increased volume and at MGI due to the elimination of certain operational inefficiencies.
SG&A and Operating Loss: SG&A from continuing operations increased $0.4 million year-over-year due to increased legal costs as the Board continues to explore strategic alternatives. Loss from continuing operations before other income (expense) was $1.6 million in 2Q23, consistent with 2Q22, because the impact of improved gross margins was offset by increased legal expenses.
Loss from Continuing Operations and Loss from Discontinued Operations: The Company reported a loss from continuing operations of $1.8 million in 2Q23 compared to $2.2 million in 2Q22. RiceBran also reported a loss from discontinued operations of $8.5 million in 2Q23 compared to $447,000 in 2Q22. The loss from discontinued operations reflects the sale of the SRB business, including a loss on the sale of $8.6 million.
Net Loss and EPS: Inclusive of the loss from discontinued operations, net loss was $10.3 million in 2Q23 compared to $2.6 million in 2Q22. Loss per share from continuing operations was $(0.27) in 2Q23 compared to $(0.41) in 2Q22. Loss per share from discontinued operations was $(1.27) in 2Q23 compared to $(0.09) in 2Q22.
Balance Sheet: Total cash was $0.3 million at the end of 2Q23 down from $3.9 million at the end of 4Q22, after repayments of $3.0 million on the Company's factoring, line of credit and long-term debt and finance lease liabilities. Our current liquidity, consisting of cash and availability from our factoring facility, is $0.6 million.
In our continuing operations, during the first half of 2023, we used $1.3 million of cash to fund operating activities and $0.3 million for capital expenditures. This was offset by the $1.0 million of cash provided by the SRB business' operations and its June 23,2023 disposition.
My guess is this was planned. They can't sell a company for the tax losses only. They need a quarter of growth in earnings or revenue or both. In Q3 they could do it. They sold the unprofitable parts of the company . And now the stock won't crash much on the meantime.
$RIBT gfp, here are 2 posts I put up at RIBT and one of another poster who I know well in the middle. These will sum it up.
Me>>>
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172618442
Besdin>>>
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172623900
Me>>>
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172633248
Summary, they brought in an "expert closer" who replaced Todd Mitchel the CFO. His l last name is Keneally. I feel the bad Q2 is stopping a sale of the rest of the company. So, he found a legal way to postpone Q2 and it comes out like 2 days before Q3, and I hope Q3 does cash flow positive or better. The the sale might go through and they can use the NOLS,(losses carried over). They can't sell it for the NOLS alone. The company must have something else going for it like growth and or profits. It could happen in Q3, reported in mid November. If not it's good then, Chapter 7. If it is, I would hope $3+ which would have the buyer using 33% of the NOLS and and extra $1 for the company doing well. Sources say the buyers never pay the full amount of the NOLS, as they can just use a small portion per year, guessing 5% plus or minus per year. State NOLS are more complicated and some states don't allow them to be used or make it complicated.
I hope we learn more at the shareholder meeting Wednesday. I am not recommending it a buy or sell now. I hope the "Expert" is one. He did recover $300,000 from the original CEO 2005 to 2008, who had a court order to pay the company reparations when he got money for his thievery.. No CEO or CFO even tried in the last in the last 11-12 years to get any.
Keneally>>>
https://finance.yahoo.com/news/ricebran-technologies-names-william-j-200600370.html
Shareholder meeting.>>>
https://www.sec.gov/ix?doc=/Archives/edgar/data/1063537/000143774923023121/ribt20230810_8k.htm
Iteris is doing it's thing here in Minneapolis on our Interstate 494, just South of Minneapolis. It is the main artery to the Mpls/St. Paul airport, It is in tear 1 of a 4 year project. It is going OK, so far
We agree!!!!!
Beyond awesome, skating/ Sound of Silence , Disturbed,
https://www.youtube.com/watch?v=bY2VrHA_50o&ab_channel=refox74
Beyond awesome, skating/ Sound of Silence , Disturbed,
https://www.youtube.com/watch?v=bY2VrHA_50o&ab_channel=refox74
besdin, you have been a contrary opinion RIBT indicator for 20 years. You now say "disaster". So is that a "Buy Buy Buy" contrary indicator? Well, I have done no better, but for a couple of fewer years. I did sell a couple of times and bough back in lower, but does not mean much with the current price.
My case for holding until at least next Wednesday and the shareholder meeting>>>
1.$8m losses will never be recurring.
2. Of the $2m part of the loss, how much of that was lost revenue and profits from the weak part of the company, the rice bran segment when they sold over 1/2 way through Q2?
3. At the time of the rice bran sale, we were half way through Q2. At that CC we were told that the doubling of expansion at MGI was already showing new revenue. For a segment that was increasing revenue in Q1, do you know how much MGI did revenue a profit/loss MGI did on it's own in Q2? Any idea how it's doing now?
4. Golden Ridge, how did it do alone Q2, nobody knows that either, except insiders. In that segment on it's own did it make a profit and had increased revenue? How's it doing so far in Q3. On points 3 and 4, only top management knows the answer. We did have a bran source problem in 2022, 2023 was to be much better with a new source.
5., Former head Bradley was paid in warrants priced a "0". Mitchel and board members have tons or warrants priced at "0" as well. Keneally received 100,000 warrants priced at "0". I got to believe what is going is to get something from somebody that gets the stock up from here.
6. The federal NOLS useable of 44.7m and guessing 9m shares outstanding with warrants factored in, if we could get 1/3 of them, that is $1.65. If the buyer could use a tiny bit of the state NOLS, add .35, now $2.00 . We sold the financial black hole, rice bran that was costing us up the wazoo and we now could have a profitable business', cash flow neutral at worse. Q3 with good figures could get us sold.
I had my $3 fair value for a sale estimate, before the SEC s flings and much more possible. I doubt that this is all a charade to give insiders time to sell their shares. I believe what they are doing is time tested and legal. Why would they risk jail time. These guys losing .72.5 per share from here if it goes to ZERO, that is chicken feed for them. I still hope for at least $3 share price, 3 months from now. I am using the Besdin indicator and going contrary to his advice, at least until Wednesday. I am holding and preparing to add if any thing good comes fron the SH meeting.