CCTC KAT......, the company of consolidation.... I haven't seen the test results , CCTC have been very sketchy in reporting anything TBH, still haven't reported the 2014 or 2015 annual reports to date....they've being undertaking the tests at their test plant - AES Shady point in the states and sending samples of the product over to 'standard Labs' for certification ... Testing hasn't actually been completed ...funny enough they said it had, but they actually still have to go through stabilisation testing of the end product, which is this month i gather, which of course is the prevention of reabsorption back into the lignite which is a very significant test......its truely amazing for a company that's being dragging this since 2002 that they still don't have this particular test already completed...
I've added a little piece wrt reabsorption and how Coldry has performed over the last 9 years sitting outside exposed to the elements FYI.
Pristine-M's process apparently extracts the water from the lignite and then they 'coat' the coal with volatile matter to prevent the reabsorption of water..... Be interesting to see how it performs as coal does get roughed up...but again no figures provided so far. In their July 2015 investors preso, they do a brief summary of a couple of tech which include Exergen and Coldry...they right Exergen off as being to expensive and out of the 5-6 techs they mention, Coldry gets a line - " The pellets apparently do not reabsorb water "......bit odd if you ask me, isn't that one of the principle requirements of a BCE products that's capable of export or sitting in stockpiles for long periods of time...
Also note, that no where in any of clean coal technologies inc's presso is here any mention wrt exportation.....all suggests that reabsorption over duration or transit maybe an issue with this one.
Do you believe their $45m for a 1m tpa processing plant.....something certainly not adding up there .
Clean coal technologies inc did another consolidation in April / June 2015 , that one being they third ; this one was a 35-1 reverse split which took it from 0.03c to $1.05 ...she's tracking back down now at about 70c...there's no volume and no movement on the announcement of the test results...'yes or no, no figures' .... So they actually went and announced it again ...nope, nobody home.
Here's some shareholder comments from the states from last year
"In early April 2012, CEO Robin Eves dishonestly claimed the pilot plant would be operational by the end of that month. There is nothing "ahead of schedule" now.
Do not be so quick to believe what you claim you hear. The lies, empty rhetoric and broken promises from the company since April 2012 are countless. This latest nonsense about not disclosing finances -- they haven't done a quarterly filing since Q3 last year, and have yet to file their annual report for 2014 -- should make everyone skeptical. My personal opinion is that we'll never see a pilot plant. The company is done, except for what management can squeeze out of shareholders before going fully down the drain. This is dead money.
They also haven't filed their annual report yet from 2014, and it looks like they have no intention to do so:
"The Company requires additional time to complete (i) its annual report on Form 10-K for the year ended December 31, 2014 (the “2014 Form 10-K”), as previously reported, and (ii) certain disclosures and analyses to be included in the 2015 Form 10-Q that rely upon the 2014 Form 10-K being completed. The Company intends to file the 2015 Form 10-Q and the 2014 Form 10-K as soon as practicable this month, although no assurance can be given that the Company will be able to file such reports with the SEC within this expected timing." http://www.sec.gov/Archives/edgar/data/1445109/000118518515000774/cleancoaltech-nt10k123114.htm
This inability/unwillingness to properly update shareholders should concern everyone, especially since it seems to coincide with the addition of a new financial staffer. Considering the history of broken promises, empty rhetoric and outright BS from management, it is no stretch to imagine they have something to hide, which might explain why they won't report.
Sound like a bunch of used car sales KAT.......???
FYI, Coldry doesn't reabsorb...we've had a batch exposed to the element for 9 years or so now
There are three 'types' of moisture in lignite.
1) surface
2) structurally trapped (majority)
3) chemically bound
Coldry destroys the porous structure within the coal, liberating the structurally trapped moisture which is evaporated using low grade waste heat. The pellet shrinks and achieves an equilibrium moisture content of ~12%.
After drying, the surface moisture can vary if its rained on, just like thermal coal. It then dries out again, just like thermal coal.
ECT/ESI has had a pile of Coldry outside at there plant for more than 9 years now. It's equilibrium moisture content is still 11.6%. If it rains it gets wet. When it stops raining it dries. Importantly, if that were raw brown coal it would self heat and likely combust. Self heating is a function of moisture being drawn back into the porous structure (adsorption). Coldry self heating risk has been tested and benchmarked and is equal to or less than thermal coals traded out of nsw and Qld.
OW
ESI Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
(20min delay)