Wondering what prompted the action today so I went to Alter's WEB site where there's a PR from 12/6 talking about a $2 million deal with Waste2Tricity for an exclusive license for the gasifier in Thailand. Guess all the news will only make it to their WEB site.
Conservative valuation on just 18% of the property is 1.7 Billion. There's 37 Million shares outstanding. If the property/company were sold for $500 Million, that would be a PPS of ~ $14.
We can hope, can't we.
If that 750 share "trade" was retail, that's a $500 trade. I'd be thinking it's a MM. We'll see what happens tomorrow. Just a few more weeks of tax-loss selling.
Let's hope yesterday's nice PR has gotten pinned to the acquisition bulletin boards of a few big-hitters in the mining field. I'd be thinking TREE's name is being talked about in more than one executive office.
Earlier I talked about a buyout(still hope that happens) but, if the property proves to be worth multiple billions in another year of exploration and testing, maybe a 75/25 JV wouldn't be such a bad idea and TREE becomes kind of an annuity for us shareholders that want to hang in for the royalties/dividends.
Wishful thinking at this point but....
From today's Tribune:
"Malian authorities have found a mass grave believed to contain bodies of soldiers missing since last year, a find the nation's prosecutor said could lead to murder being added to charges against a former junta leader.
Gen. Amadou Sanogo was arrested and charged with complicity in kidnapping this week.
Judicial sources said 21 bodies had been found overnight in the village of Diago near the southern garrison town of Kati."
Not good for the peace in Mali.
Time will tell whether you're right. IMO, BNET's future rests in the hands of the politicians and the regulatory agencies - a formidable bunch to say the least.
Only a few more weeks of tax-loss selling. All us "die-hards" may catch a chance or two to buy some more of this stock way under a dollar. GTCs with #$%$-bids may just hit.
Of course, a PPS of .06 and trading only a couple of times a week doesn't make it a candidate for shorting. Don't eat too much turkey tomorrow. :-)
Unfortunately, I couldn't find the article online today so here's a few snippets from it in today's Chicago Tribune:
....Desperation shopping has been common in Venezuela since President Maduro's move to force shop owners to cut prices by 50% on appliances and electronics. Maduro's predessesor, Chavez, left the economy in a shambles. Things have worsened rapidly since Chavez's death with inflation at 54% and nearly 1 in 4 basic food items in short supply. IMF officials said the current economic path is unsustainable. Maduro, former bus driver with no education lacks any political and leadership skills. Basic food prices, set by Chavez in 1999, won favor with the poor but drove many food companies out of business. As a result the government IMPORTS 70% of all basic foods.
Things are even worse than Argentine which is rapidly returning to it's financially ruinous ways.
Soooo, I'd agree that there's no money for any more Voraxials.
Here's the latest on them:
I'd like to know whose fuel cells they're using.
Doesn't mean they do everything right and by the best method/s. Sometimes people just do what they already know and are comfortable doing and it's not the best way.
Upon rereading the News on the WEB site, it is a signed deal for $21 million to be completed in 2014. One would think that sales-maker would be worth putting out for the general public.
"Santa Rosa brackish water"
Brackish water or briny water is water that has more salinity than fresh water, but not as much as seawater. It may result from mixing of seawater with fresh water, as in estuaries, or it may occur in brackish fossil aquifers. The word comes from the Middle Dutch root "brak," meaning "salty". Certain human activities can produce brackish water, in particular certain civil engineering projects such as dikes and the flooding of coastal marshland to produce brackish water pools for freshwater prawn farming. Brackish water is also the primary waste product of the salinity gradient power process. Because brackish water is hostile to the growth of most terrestrial plant species, without appropriate management it is damaging to the environment (see article on shrimp farms).
Technically, brackish water contains between 0.5 and 30 grams of salt per litre—more often expressed as 0.5 to 30 parts per thousand (ppt or ‰). Thus, brackish covers a range of salinity regimes and is not considered a precisely defined condition. It is characteristic of many brackish surface waters that their salinity can vary considerably over space and/or time.
Water salinity based on dissolved salts
Fresh water Brackish water Saline water Brine
Given that the water to be used for the frack is brackish, don't they first have to make the water potable and the they have to cleanse the produced water before it can be reused - all this using chemicals!!
Would someone from ESPH's sales team knock on Apache's door and, at least, give them a free demo of the technology.
Yes, chemicals!!!! I'd like to see the cost/benefit analysis showing how using chemicals is cheaper and more efficient than ESPH's technology.
Survey: Support for Fracking Is on the Rise
by Gene Lockard
Monday, November 18, 2013
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The often controversial practice of hydraulic fracturing appears to be gaining acceptance, according to a new survey released Monday.
The survey, conducted by the Robert Morris University Polling Institute, showed that of the people who had an opinion about fracking one way or the other, 56 percent supported it, while 44 percent were against it. Support among those whose who supported it remained constant even for fracking within the locality where they lived.
When those who were polled received information about fracking in presentations from environmental and energy groups, the number who strongly supported fracking was 42 percent, compared with 33 percent somewhat or strongly against it. The remaining 25 percent were not sure how they felt about fracking.
Of those with an opinion of fracking, 80 percent believe the practice has the potential to help the country’s economy, and 74 percent said fracking is helping the country to move toward energy independence. However, nearly 60 percent said the environmental impact of gas drilling outweighs energy independence or any reduced energy costs that may result.
For years, attitudes from those polled were critical of fracking, particularly when fracking was conducted in one’s own town. The numbers in the new poll clearly represent a change in attitude, an assistant at the Robert Morris Institute said.
“Just three years ago, where there was staunch opposition to fracking by many environmental groups, I think you would have been lucky to have a third of poll respondents in support of fracking,” Tony Kerzmann, assistant professor of engineering at RMU, said in a prepared statement on the Institute’s website.
Other polls this year appe