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Thursday, January 12, 2017 1:27:08 PM
Part of Alstom (part working with Mantra) brought out by GE
Lafarge and Holcim merge
The CMC even felt the financial pinch. CMC head quote.
At CMC last year, we were concerned it was going to take a significant period of time for those high level government policy declarations to make it into funding programs to support real activity. We looked at our remaining budget and our burn rates at the time and estimated it would be Christmas 2016 before there were substantial amounts of funding flowing associated with those programs. So we downsized in December 2015 in order to cut our burn rate. It was painful, it was really painful for everybody, but we are now seeing significant funding calls coming out from the federal government and we are responding to those calls with proposals and we are going to be in good shape on some of those project proposals to generate revenue from major projects.
With the
Paris Climate Change agreement signed Nov 2106
The opening of the CCCI of BC in Jan 2017
The Canada/China conference whoso purpose of the mission is to foster development relationships between Canada's leading carbon capture and utilization companies and Chinese government and industry leaders. Ultimately, its objective is to initiate commercial partnerships for the deployment of carbon capture and utilization technologies in China, and Mantra was asked to present.
while still very much a gamble it make me more optimistic that 2017 will be an exciting year.
Do not forget that this company went from pennies to a high of 70 cents just on a one million dollar contract.
The trouble with these small companies is you never know if or when the next contract or grant will be coming, but what you do know is that there is worldwide interest in the tech and the interest in this kind of tech is starting to gain greater interest.
As long as GE, Alstom, Lafarge, BC Research,Canada Gov't, the CMC, CCCI, Ayinger brewery, China, University of BC and University of New Mexico are interested I like my chances of a someday.
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