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Novogen Limited Message Board

moosefromoz 47 posts  |  Last Activity: Jun 17, 2014 1:48 PM Member since: Jul 16, 2004
  • Reply to

    Stock value/Share price performance

    by robey743 Jun 11, 2014 1:05 PM
    moosefromoz moosefromoz Jun 17, 2014 1:48 PM Flag

    A lot of people don't understand just what Silex have, they are only looking at the value of the Uranium enrichment , some of the other stuff they have like Solar Systems, Translucent, and Chronologic will surprise many, when it becomes known just what they really do have.

  • Reply to

    PT: New Wind-Solar Tower Concept

    by lewis_whokeyser May 8, 2014 6:32 AM
    moosefromoz moosefromoz May 15, 2014 8:16 PM Flag

    What a fantastic idea, it's a shame there isn't a great deal of water in the desert though.

  • Reply to

    OT: Coal

    by sponge_bob_is_no_square May 7, 2014 1:27 PM
    moosefromoz moosefromoz May 8, 2014 12:53 AM Flag

    Coal sales are increasing here in Oz, but they are selling it cheaper than they were a short time ago, it's a zero sum game if that keeps happening, those in the know are selling out of coal, from what I have read.

  • Reply to

    Bankruptcy court news on 4/30

    by sponge_bob_is_no_square May 1, 2014 6:57 AM
    moosefromoz moosefromoz May 2, 2014 3:25 AM Flag

    I thought I would take a look , yep it's just like I said DoE managing it and USEC are to be paid as a contractor!

    DOE hiring USEC for up to $118 million in ACP work

    Although the Energy Department’s Oak Ridge National Laboratory is taking over as manager of the project, USEC Inc. will continue work on its advanced uranium enrichment plant under a subcontract with the lab that could provide USEC nearly $120 million

  • Reply to

    Bankruptcy court news on 4/30

    by sponge_bob_is_no_square May 1, 2014 6:57 AM
    moosefromoz moosefromoz May 2, 2014 3:07 AM Flag

    SBINS said " In my view, there's no way that DOE is going to stop supporting ACP, and Usec is its only available dance partner."

    Maybe? but are they still managing the program is has that function been lost?
    Are USEC now just being paid as contractors?
    I don't see USEC building an ACP LEU plant themselves after completion of the R&D, they don't have enough money, even when they do complete the job, they don't own the tech, but I believe they can use it as part of the condition for doing the R&D, but it will cost an absolute fortune, something that USEC does not have, but even if they could raise the money? they would still have to compete with a superior technology named SILEX.
    I have been saying for a long time now that the DoE desperately want the ACP tech to use themselves, they need it so that they can produce special fuel for the TVA in order to be able to get Tritium from their reactors, that is a national security issue and one that can only be addressed by a home grown technology.

  • moosefromoz moosefromoz Apr 11, 2014 10:46 PM Flag

    Enrichment firms sell the service of enriching uranium. Enrichment firms swap low-enriched uranium for natural uranium and cash supplied by their customers. With lower costs for SWU, GLE can deliver a given quantity of low-enriched uranium while using less than all of the uranium supplied by the customer and selling the extra uranium to another customer. When an enrichment firm "underfeeds" uranium it is adding not to the supply of SWU but to the supply of uranium. With a much lower cost of SWU such underfeeding will be a far more important source of cash flow for GLE than for other uranium enrichment plants.

    GE owns 51 percent of GLE. Even a prosperous future for GLE will have little impact on the returns to shareholders of GE. GE has a market cap of $500 Billion so the $4 Billion investment in GLE now planned will not have a material effect on the GE investor. For minority partners Hitachi (HIT) and Cameco their investment in GLE will total about 10% of their total plant and equipment investment if GLE's plants in North Carolina and Kentucky are completed. Even a GLE strategy that lowers SWU prices enough to foreclose all new commercial competition for uranium enrichment will have only a small effect on the prospects of nuclear power as enrichment is about 3% of the cost of nuclear power. Thus even if uranium enrichment were free, the demand for the products of nuclear plant suppliers and operators and most other firms in the nuclear power industry will be only slightly affected. Uranium miners will be more affected by a fall in the price of enrichment as enrichment is a substitute for natural uranium in producing low-enriched uranium. If the cost of enrichment falls, then more enrichment and less natural uranium will be used in producing uranium.

  • moosefromoz moosefromoz Apr 11, 2014 10:43 PM Flag

    continued

    which accumulated in 60 years of operation of the obsolete and recently closed Paducah Kentucky enrichment plant. The 50 million pounds of natural uranium equivalent in the form of uranium hexafluoride that Silex would produce over the life of the enrichment plant are worth $3 Billion at current uranium forward prices. This would over time yield additional royalties of $300 million to Silex.

    GLE's commercial opportunity for the sale of SWU is limited to the growth in the market for enrichment as almost all the cost of uranium enrichment comes from capital costs and current enrichment needs are covered by current SWU capacity and centrifuge enrichment plants currently under construction in New Mexico and France. GLE would have to cut the contract price from the current $120 per SWU to the operating costs of centrifuge enrichment which are almost certainly less than $30 per SWU in order to force the closure of existing centrifuge plants. What GLE is more likely to do is to set a SWU price enough lower than existing prices to make it uneconomic for Urenco to construct new centrifuge enrichment capacity. Nuclear power generation is expected to rise about 30% over the next decade as new plants under construction and planned in China, India, Russia, South Korea, France, Finland and the UAR have a larger generating capacity than the plants likely to close in the US, Japan and Germany so the additional demand for laser enrichment over the next decade is not insignificant.

  • SILEX

    Natural uranium has to be enriched in the fissile isotope U235 in order to be used as a fuel in almost all the world's nuclear reactors. Enrichment represents about 30% of the cost of nuclear fuel. But nuclear fuel represents only 10% of the total cost of nuclear power. The total value of nuclear electricity in the world at wholesale is about $200 Billion per year. The total value of nuclear fuel is about $20 Billion per year. (All valuations in this article are stated in U.S. dollars.)The world enrichment market is worth about $7 billion per year. Two manufacturers of centrifuges, one Russian (Rosatom) and one West European (Enrichment Technology Company) both manufacturing centrifuges designed by Gernot Zippe while a prisoner in the Soviet Union, have over 90% of the uranium enrichment centrifuge market.

    In North Carolina, the first commercial laser cascade to enrich uranium is under construction by Global Laser Enrichment (GLE) under a license from Silex of Australia. In 2012 GLE obtained U.S. Government permission to build a six million SWU per year plant. GLE is building the first cascade of enrichment devices. If that works as projected, the plant will be completed and supply 10% of the world enrichment market. At current forward prices of about $120 per SWU, Silex's royalty will be between 5% and 12% depending on the cost of enrichment at the plant. At current forward prices for enrichment, Silex would collect about $75 million per year at a 10% royalty rate when the plant is completed (projected for 2020). Since GLE's costs per SWU will be about $60, GLE could (and probably would) obtain additional revenues by "underfeeding" their enrichment contracts, that is by using more SWU and less uranium to make the low-enriched uranium they deliver to their utility customers.

    GLE is in exclusive talks with the U.S. Energy Department to build an enrichment plant in Kentucky to "mine" 50 million pounds of uranium by re-enriching the 110,000 tons of tails whi

  • Reply to

    Full Columbus Dispatch article

    by sponge_bob_is_no_square Apr 3, 2014 7:20 PM
    moosefromoz moosefromoz Apr 4, 2014 4:10 AM Flag

    jjpcat if you read the full article you will notice the words that the DoE used

    The DoE certainly think about the ACP as being theirs, especially when you read things like this bit-: “Frankly, it would be very, very desirable to make sure we keep our 120 machines spinning.”

    Especially because the DoE has provided the bulk of the money towards the R and D 80% of it in fact and the technology (Intellectual property) belongs to the DoE as well, and will remain so.

    You will notice that the DoE referred to protecting the IP principally because it is their IP

    See here where they say "OUR 120 machines", I reckon USEC will indeed get some sort of payment maybe when the R and D is finally completed, I believe they will also have the rights to use the technology themselves for an LEU plant, but they wont own the IP themselves, the DoE does and will continue to do so, they (DoE) will also be using the tech themselves in my opinion, possibly at the Y12 enrichment plant, something I have been saying for a long time now.

    I reckon that since the US can't use any foreign tech for weapons enrichment purposes, it became blindingly obvious that the ACP was the only answer for national security of Uranium Enrichment.

    “We have to keep it going this year,” Moniz said, adding that the American Centrifuge Project met all of the goals set by the Department of Energy. “Frankly, it would be very, very desirable to make sure we keep our 120 machines spinning.”

    After the testimony, USEC issued a statement saying it was pleased that Moniz had “confirmed the importance of maintaining a domestic uranium technology to support national-security objectives."

  • Reply to

    DOE & USEC

    by no_name_50 Apr 3, 2014 10:34 AM
    moosefromoz moosefromoz Apr 3, 2014 8:58 PM Flag

    Seems to me kingedxxxxx that the DoE certainly think about the ACP as being theirs, especially when you read things like this bit-: “Frankly, it would be very, very desirable to make sure we keep our 120 machines spinning.”

    Also especially since the DoE has provided the bulk of the money towards the R and D 80% of it in fact and the technology (Intellectual property) belongs to the DoE as well, and will remain so.

    See here where they say "OUR 120 machines", I reckon USEC will indeed get some sort of payment maybe when the R and D is finally completed, I believe they will also have the rights to use the technology themselves for an LEU plant, but they wont own the IP themselves, the DoE does and will continue to do so, they (DoE) will also be using the tech themselves in my opinion, possibly at the Y12 enrichment plant, something I have been saying for a long time now.

    I reckon that since the US can't use any foreign tech for weapons enrichment purposes, it became blindingly obvious that the ACP was the only answer for national security of Uranium Enrichment.

    “We have to keep it going this year,” Moniz said, adding that the American Centrifuge Project met all of the goals set by the Department of Energy. “Frankly, it would be very, very desirable to make sure we keep our 120 machines spinning.”

    After the testimony, USEC issued a statement saying it was pleased that Moniz had “confirmed the importance of maintaining a domestic uranium technology to support national-security objectives."

  • Reply to

    Sounds a bit like blackmail to me?

    by moosefromoz Mar 27, 2014 1:56 AM
    moosefromoz moosefromoz Mar 27, 2014 6:09 PM Flag

    Strange thing is, I actually think they will get what they are after, but not for the reasons they think?
    I believe the US DoE will fund the ACP up to the very end, simply because the DoE want to use the technology themselves, but it doesn't necessarily mean that USEC will get a loan guarantee in my opinion.

  • March 20, 2014 – Columbus Dispatch – USEC warns Piketon layoffs possible in May – USEC, the Maryland-based company that has tried for years to launch a uranium-enrichment plant in southern Ohio, has alerted the state that it might have to lay off workers. Paul Jacobson, a spokesman for the company, said USEC filed the 60-day warning because federal funding for the program goes through April 15. He said the Department of Energy has yet to indicate its “intentions for the program.” “This doesn’t mean layoffs will occur,” he said. “It just means there’s a potential for it.”

  • moosefromoz by moosefromoz Mar 22, 2014 1:02 AM Flag

    It's about time a post was made about Calzada, it's a small Aussie firm who have developed a new and novel system to treat burns and wounds among other things, look them up, they are going gangbusters in Oz they are up over 250% but are just starting IMHO.

  • moosefromoz moosefromoz Feb 28, 2014 11:09 PM Flag

    google -:Pracinostat Supplier - Apexbt what gives? are these Chinese suppliers or something?

  • moosefromoz moosefromoz Feb 28, 2014 10:58 PM Flag

    What gives here? this is from the Wall Street Journal.
    MEI Pharma Receives Orphan Status For Lead Drug Candidate Pracinostat For Treatment Of Acute Myeloid Leukemia.

    SAN DIEGO, Feb. 28, 2014 /PRNewswire/ -- MEI Pharma, Inc. (Nasdaq: MEIP), an oncology company focused on the clinical development of novel therapies for cancer, announced today that the U.S. Food and Drug Administration (FDA) has granted orphan drug designation to the Company's investigational drug Pracinostat for the treatment of acute myeloid leukemia (AML).

    "We are very pleased to receive this orphan drug designation," said Daniel P. Gold, Ph.D., President and Chief Executive Officer of MEI Pharma. "AML is a particularly devastating cancer for which there are currently few broadly effective treatments. Through development of Pracinostat, we hope to address this significant unmet medical need."

    About Pracinostat

    Pracinostat is an orally available histone deacetylase (HDAC) inhibitor that has been tested in a number of Phase I and Phase II clinical trials in advanced hematologic disorders and solid tumor indications in both adult and pediatric patients. Pracinostat has been generally well tolerated in more than 200 patients to date, with readily manageable side effects that are often associated with drugs of this class, such as fatigue. In a Phase I dose-escalation trial, Pracinostat demonstrated evidence of single-agent activity in elderly AML patients,
    MEI Pharma owns exclusive worldwide rights to Pracinostat.
    But if you google this apex bio + Pracinostat you will see it is already for sale? they call themselves a Pracinostat Supplier, what gives?

  • moosefromoz moosefromoz Feb 28, 2014 5:25 PM Flag

    MEI Pharma's Pracinostat gets orphan drug status from FDA â#$%$¢ 8:48 AM

    CEO Daniel Gold: "We are very pleased to receive this orphan drug designation ... AML is a particularly devastating cancer for which there are currently few broadly effective treatments. Through development of Pracinostat, we hope to address this significant unmet medical need."
    No trades premarket, but MEIP gained 23.8% last night in AH action.
    Press release

  • News update:
    MEI PHARMA RECEIVES ORPHAN STATUS FOR LEAD DRUG CANDIDATE PRACINOSTAT FOR TREATMENT OF ACUTE MYELOID LEUKEMIA

    San Diego - February 28, 2014 - MEI Pharma, Inc. (Nasdaq: MEIP), an oncology company focused on the clinical development of novel therapies for cancer, announced today that the U.S. Food and Drug Administration (FDA) has granted orphan drug designation to the Company's investigational drug Pracinostat for the treatment of acute myeloid leukemia (AML).

    "We are very pleased to receive this orphan drug designation," said Daniel P. Gold, Ph.D., President and Chief Executive Officer of MEI Pharma. "AML is a particularly devastating cancer for which there are currently few broadly effective treatments. Through development of Pracinostat, we hope to address this significant unmet medical need."

  • Reply to

    OT: GE's ARC Solution to Spent Nuclear Fuel

    by lewis_whokeyser Jan 20, 2014 11:13 PM
    moosefromoz moosefromoz Jan 22, 2014 10:41 PM Flag

    It seems to me that people like you who have to resort to telling everyone their credentials or just how good they are, usually aren't what they say they are?

    It's a bit like what has been written about teachers in the past really, there are those that can do and then there are those that teach, only in your case, you didn't make the grade in the real world so you join the Feds where the required knowledge and scrutiny is somewhat less.and then you profess to teach us all with one of your lessons!
    How Crass.

  • Reply to

    OT: GE's ARC Solution to Spent Nuclear Fuel

    by lewis_whokeyser Jan 20, 2014 11:13 PM
    moosefromoz moosefromoz Jan 21, 2014 10:33 PM Flag

    My understanding is that the PRISM technology gets rid of the largest part of the used fuel, either as a fuel for either the PRISM reactor which also burns a good deal of the nasties, or by using the recovered reprocessed Uranium in a BWR as LEU, which constitutes the bulk of the recovered spent fuel material, but using the recoverd Uranium is only economic when uranium prices are high that is because it either has to be re enriched or some of the traces of fission products and transuranic removed as these particular traces counter the effects of the recovered Uranium.
    Well that was the story back then, but I believe the laser enrichment process "May" be able to remove these transuranics and cheaply as well, remember the name SILEX comes from the words Separation of "Isotopes" using Laser Extraction, so it not only can be used for the enrichment of Uranium, but it can also separate other isotopes as well.

    I see the Silex system as being a big part of the ARC center.

    Does anybody here really believe that the US won't be using the PRISM/ARC with the GLE Silex enrichment/ extraction thrown in?

    A spokesman from GE told the US congress that by using the PRISM reactor together with the Advanced Recycling Centre the US would have enough nuclear material in the US today to produce enough electricity for the US for over 900 years, that is by using the nuclear waste they already have from the nuclear reactors in the US and also all of the tails material left over from Uranium Enrichment in the US.

    Not only that, by using this new method they will reduce the amount nuclear waste that has to be buried using this system AND instead of waiting for over a million years for the nuclear waste to be safe, the time required for it to be safe is reduced to 300 years, what's not to like about that?

    you need to google these words -: GE Hitachi Advanced Recycling Center
    Solving the Spent Nuclear Fuel Dilemma usnuclearenergy GE_Hitachi advanced Recycling Center GNEP pdf

  • Reply to

    USEC Article in World Nuclear News

    by lewis_whokeyser Jan 1, 2014 5:38 PM
    moosefromoz moosefromoz Jan 6, 2014 1:28 AM Flag

    lewis_whokeyser said "I don't know what the US will do for weapons-grade uranium going forward. I don't think the ACP can make it. Of course, we have TONS of plutonium for bombs... At one point Clinton was deliberatly destroying it."

    Of course ACP can enrich HEU, google this and have a read, but it doesn't mean USEC will ever do that in it's own right? possibly as a contractor to Y-12 maybe
    The DoE already possesses heaps of HEU but the US has guarantee supply into the foreseeable future and it also needs to supply LEU to the TVA for the production of Tritium?

    google npolicy National Security

    Look for "DOE Memo Argues there is No National Security Justification to Subsidize USEC's"

    This memo is a 2009 memo released by DOE under FOIA in 2011, as revealed in a forthcoming article by Geoffrey Sea.

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