10 days ago, we drove down I 57 from I80 to Champaign and looked at every field - corn and beans - only a few stands of corn that were tasseling and EVERY bean field was lost. Nothing looked good till we drove through Champaign county. Then took 47 back to Chicago and I would say the fields were 50/50. Two weeks ago I heard the head of Fair Oaks farms say they lost 80% of their corn crop and they plant a lot of acres..
"The shorts have been mercilessly attacking the stock, driving it down."
And why shouldn't they as this lack of progress, to the investing public, just gives them every opportunity since there isn't any encouragement from the company, i.e. PR saying that there's enough of whatever to begin some full-scale testing for the FDA to give their blessing in 2016 or 17 or whenever.
Now I see there's a SEC filing that the top two have gotten 3-year extensions for yet bigger salaries, stock, incentive bonuses (unspecified goals), etc etc and in the meantime the PPS tanks. I've been in this stock for so long that I'm afraid to even think about it anymore.
Never smelled a thing as, just like the cow operation, it's all behind glass. Clean is the word for the whole operation. The tour guide made it sound like the 4 digesters were in use. They are making CNG and all 20 of their milk transport trucks run on CNG and they're selling it to the public at a couple of pumps.
was today. Last time we visited a few years ago, it was "just" several 1000 head of dairy cows at just this one site - I think I heard there's another 10 or 11 sites at the entire FO's operation. Now they're into pigs and we toured that very impressive operation. While we were eating a nice lunch in the new dining hall, Gary Corbett (spl), head of the tax-sheltered half of Fair Oaks gave a very nice presentation on where FO had come from where it's at now and what he saw as the future for FO. Then the topper, for me, of the day. The president of the organization we were a part of asked a friend of his to make a presentation on his privately held organization's plans for a super recycling system to be built at FO. Costing $575 million and not in operation til 2020 it will use all the animal and poultry waste from all the sites at FO together with 30 truckloads of selected waste from the Chicagoland area. Big money is obviously backing this project and the brains behind have a record of success mostly abroad but nothing on this scale. Like BION, they're using anerobic digestors to break down the input using technology from Denmark, Sweden and Germany to produce a soil amendment, electricity, fertilizer, sulpher, bio-gas, CNG, ammonnia and waste heat which will be used in a huge hydroponic operation that will be part of the operation. That's what $575 million will get you but what I saw and heard I could definitely relate parts to BION's efforts and technology. If HB 724 ever gets passed in Bion's favor, the possibilities ought be endless.
The glorious JV PR is out today.
Let's see what the reaction to that is.
They also talk about needing $7 million to get a plant started. That would be chump change for the big boys but TRER still has a lot of proving up, IMO, before anybody is seriously going to listen to them and they have no short-term money.
First, capitalism is not charity so anybody with the means to finance this project sees that TRER is between a rock and a real hard place so they will probably play real hardball negotiating with TRER and I wouldn't blame them.. "Stockholder centric" is the way it was phrased in the 10Q but that might go by the boards if mgmt. is really squeezed. Remember that the last private placement did not go that well with maybe $700,000 gotten. I don't know where this is going because as optimistic as parts of the 10Q were, if they don't have the cash to turn the lights on (only $25,000 left) wellllllll, time will tell and it should be shortly. If they suspend operations, this thing could go to .05 or less.
Doesn't look good unless some white-knight comes along and rescues our fair damsel in serious financial distress. I'd say they need several millions to complete all the Stages they set out in the 10Q so it will take somebody with fairly deep pockets to keep TRER alive. As always, time will tell.
I'd also like to note that smaller lithium players here in the U.S. are taking notice and preparing for the surge in demand.
For example, just look at the recent merger between Western Lithium U.S.A. Corp. (TSX: WLC) and Lithium Americas Corp. (TSX: LAC), which gives the combined company assets in both the U.S. and Argentina — a country that holds the world's fourth-largest proved reserves of lithium.
So again, we have to consider the question of where companies like Tesla will turn for their lithium supply.
Let's take a more detailed look into the world's lithium reserves:
When it comes to lithium extraction, there are two methods — but only one is catching our attention.
The “silicate ore” circles indicate lithium in rocks. Although this kind of mining extraction is costlier and more difficult, it's still a main source of lithium for companies in places like Australia and Africa.
As you know, lithium is abundant on Earth, but it has very low concentrations in rock, which must be mined and crushed, then separated and ground down further. That mixture is submerged in liquid to separate the lithium particles from the rest of the minerals. It is then filtered and dried back into a solid.
Now take another look at the image above, and you might notice something else that's peculiar: Brine-based reserves, held in mineral-rich aquifers, account for roughly 66% of the world's lithium resources.
Thing is, brine extraction is by far the cheaper, more economic method.
The concentrations of lithium are much higher in brines because natural movement of the water and heat from the Earth have already released the lithium from rocks and sediment, separated it from many other minerals, and brought it closer to the surface. From there, it's just a matter of filtering.
But even this is still developing. Traditionally, the brine-based product is slowly air-dried. But there are already some methods by which the lithium can be dried through mechanical or
Part of an article:
Our first clue lies within the location of Tesla's Gigafactory. It's no coincidence that Musk decided to place his Gigafactory right on top of the United States' only lithium hub — a potentially great source for his supply isf it.
Make no mistake; that Tesla factory is going to need 15,000 tons of lithium carbonate per year just to start.
And at last count, the U.S. only has 38,000 metric tonnes in proved reserves. The 500,000 lithium car batteries that Musk wants the Gigafactory to produce per year will eat that up.
The supply situation looks even tighter when you consider the fact that we still have to include demand from the home and business batteries that Tesla — and now SolarCity — will be offering.
Yet that single hub cannot be Tesla's only source of lithium.
Driving a Global Lithium Revolution
Understand that we can't just focus on Elon Musk. After all, lithium is a globally mined and globally used metal.
Lithium use in batteries has risen 78% in four years, with batteries accounting for 30% of lithium demand by 2014.
Moreover, global lithium consumption is expected to grow to 35,000 tonnes per year by 2020, according to the United States Geological Survey. The USGS also estimates that global lithium reserves amount to about 13.5 million tonnes.
To put it bluntly: The world is not short on lithium.
However, it is short on producers that can efficiently extract and refine it.
Tesla has already announced that it will put U.S. companies first when it comes to finding its supply, which gives potential lithium producers in the United States a leg up against competing producers.
Another use for those busy little microbes that Bion uses some version of in their technology:
ArcelorMittal to Use Microbes to Make Fuel From Waste Gas
by Louise Downing
July 13, 2015 — 5:09 AM CDT
ArcelorMittal SA, the world’s biggest steelmaker, plans to use waste gases from its steel operations to produce low-carbon fuel for vehicles.
ArcelorMittal will work with Primetals Technologies USA LLC and LanzaTech NZ Ltd. to build an 87 million-euro ($96 million) bio-ethanol facility in Ghent, Belgium, it said Monday in a statement. The plant will produce enough fuel for about a half-million cars.
“Steel is produced through a chemical process that results in high levels of waste gases being emitted; this new technology will enable us to convert some of these waste gases into fuels that deliver significant environmental benefits when compared to conventional fossil fuels,” Carl De Mare, vice president of innovation at ArcelorMittal, said in the statement.
About half of the carbon used in steelmaking leaves the process as carbon monoxide that’s either flared or used to heat and power the steel mill, both of which result in carbon dioxide emissions, according to the statement. LanzaTech’s technology uses microbes that eat these waste gases and turn them into bio-ethanol, a low-carbon transport fuel that can be blended with conventional gasoline to reduce dirty emissions.
The plant will be built in two phases with construction of the first due to start later this year, according to the statement. The entire project is expected to be complete in 2018, when it will produce about 47,000 tons of ethanol a year.
Sounds like a win for the EPA and maybe BION sneaks in there, too - assuming things like SB724 gets passed in their favor.
I assume that all the engineering/construction plans are, by now, a done deal and that they would be used repetitively for any orders for BION's technology in the future. Given a "YES" answer, then how variable are the plans for a 600 or a 2,000 cow operation - is it just a matter of how many bug tanks are needed to handle the volume and pretty much the rest stays the same? Also, how long to get a new site fully operational - I would imagine that getting the bugs fully activated takes quite a bit of time? Lastly, for now, where do you see financing for new sites to come from - you have a PA loan for Kreider that's in "default" so even though SB724 is passed, I don't see PA doing any financing.
Found it but couldn't "open"it up. I did look at another article that had 6 pics of the Kreider operation's BION equipment. What's happening in the 3rd pic - looks like fertilizer in the 3 piles - true? If so, what are they doing with it? Is it quality fertilizer? Captions on the pics might help.
Also, I like the WEB site. I will check it out later as I haven't done so in a long time.
I guess it is but I didn't see anything really new - just seemed like a reiteration of past PRs. Anyhow, PPS is up so that's a good thing but this technology has a good ways to go, IMO.
I presume MCP is still operating in bankruptcy, if so, they're still a competitive source else that's one less source for LREEs. What with the Chinese stockmarket in disarray who knows how and to what extent that might affect their exports of LREEs.
As always, time will tell.
Theranos' finger-stick blood testing gets FDA approval
Marco della Cava, USA TODAY 5:19 p.m. EDT July 2, 2015
SAN FRANCISCO — In a ringing endorsement of its technology and a counter to its critics, Silicon Valley bio-tech company Theranos announced Thursday that its proprietary blood-testing system has received clearance from the Food and Drug Administration.
The FDA has granted approval to Theranos' finger-stick method and, more specifically, for its testing of the herpes simplex 1 virus.
"In order to realize our vision of early detection, lab tests must meet the highest quality standards, standards that are comprehensively set by FDA," founder Elizabeth Holmes said in a statement.
"FDA review is a uniquely rigorous process we undertook voluntarily because we remain deeply committed to ensuring that our systems and all of our laboratory developed tests are of the highest quality, and that patients and their physicians have access to the most accurate information about their health."
Theranos was founded in 2003 by Stanford dropout Holmes. It ran in stealth mode for a decade while perfecting a method of running complex blood tests based not on vials of blood but rather a mere drop or two. For the past year, the company has been operating dozens of labs in Walgreens Wellness Centers in Arizona, as well as another near its headquarters in Palo Alto, Calif. It aims to eventually roll into all of Walgreens' 8,200 stores.
The long-stated mission of Holmes, 31, who is a billionaire on paper due to the company's $9 billion valuation, is to empower patients to take control of their own health by providing inexpensive blood testing that — if interpreted by physicians in a timely manner — can catch diseases in their earliest stages.
Theranos' HSV-1 test costs $9.07 and is one of 153 tests Theranos makes available for less than $10.