BQE Water Inc. V.BQE

Teck is in BIG Trouble - Buying BQE is Their Answer

[echo2]

The real news is that Teck has been fined 60 M for polluting waters with selenium since 2009:

https://www.cbc.ca/news/canada/british-columbia/teck-fined-60m-contaminating-bc-rivers-1.5965646

"Teck Coal told court it has spent nearly $1 billion since 2011 in an effort to bring selenium under control and plans another $655 million in spending over the next four years."

They are using another's technology and it has been a disaster for them at Teck. They didn't go with BQE a few years back because our technology was unproven. Now it is proven, is cheaper, is more efficient, and is more effective. The fine they are to pay according to the court is 3x the market cap of BQE!! And, they plan on spending $655 M more over the next four years on technology that has failed them miserably?? Or will they simply buy BQE for $100 M (or 5 x the present share price) and own the technology so that they can solve their problem going forward??

[BCdude]

It's news like this that makes you realize how valuable BQE's technology is. And since insiders own so much of the float, they are in the driver's seat and will dictate when/if and for how much the company might be up for sale. As an ESG investor, the world would benefit far more if BQE stays public since they can share this technology with more than one company.

[Lucentio]

Why doesn't Teck abandon what they are doing and simply use   BQE's technology under license?

[BCdude]

That would make too much sense, wouldn't it? Now that BQE's technology has been proven out, I wouldn't be surprised to see something like that announced in the not-too-distant future. We will see.

[Dumont]

Don't know for sure, but the fact that Teck chose to go it on their own some years ago, though they had talks with BQE and others, have spent many millions ( as in many, many ) wiithout any success in net reducing selenium , trying to solve the problem on their own. They now face a further $650 million ( as well as the $60 million in fines) to try to solve their selenium problem , and looks

[BCdude]

As a shareholder of Teck, you should consider writing the company's IR department -- or even a letter direct to the CEO. I know Teck is big business, but as a shareholder they would be more inclined to listen to you.

[Shark69]

If anybody is a shareholder of Teck, it would be great to hear with the now commercially proven Selenium treatment, the new plants being built in the US and I can only imagine more in the pipeline.  Why is Teck not reengaging BQE Water, a BC based company with a more robust and complete system for dealing with Selenium, than current Biological system implemented. For clarity - I am not a

[Shark69]

My guess would be and it's merely a guess.   Teck have spent so much money on a biological solution, as I understand about half a billion dollars.  Somebody would have to admit they complete effed up and abandon that investment,  that would mean some heads would roll.     So they keep throwing money after an inadequate system, because the technology people cant