re: Cielo's ProgressThere have been many recent positive developments with Cielo during the last two months (see below bottom of the page).
Even though there has been substantial derisking in proving their technology, it has not been fully proven. The continuous running producing biodiesel at 15 ppm would be a major milestone ("we're on the goal line").
There is indirect evidence that supports the notion that Cielo wll make it into the end zone;
-large scale test exceeded expectations and produced biodiesel at 5 ppm,
-working with the U of Calgary (world leaders in carbon based fuels) to develop their desulphurization process
-some of the U of Calgary research team are now working at Cielo
-working with an external engineering company and they successfully completed the cooling process ahead of schedule
-JV partner has given Cielo $250,000 deposit and obtained the rights for the initial plants expansion
-Cielo at this time not considering future JV's as they are confident that they can fund susequent plant expansions
-Cielo is receiving financing at favourable terms
The next few months should be very interesting indeed.
GLTA,
Sam
From Cielo:
"Sam,
Thank you for your inquiry. The fabrication of the desulfurization equipment is progressing nicely, and expected to be ready for install in Aldersyde early to mid-April. The catalyst is due to arrive at the same time, so allowing for installation and tweaking of the equipment as we integrate into our process, Don estimates producing low sulphur diesel for sale by mid to late June.
Regards,
Lionel Robins
Investor Relations
Cielo Waste Solutions Corp."
Sam2100 Previous Post:
Positives:
-They have produced a large amount of diesel which has been sold on the condition of 15 ppm sulphur
-They have successfully implemented their cooling process, ahead of schedule
-Larger scale desulphurization process was successful to 5 ppm (better than expected)
-Are in the process of fabricating their automated desulphurization plant equipment
-They have collaborated with the U of Calgary faculty. The U of Calgary are world leaders in relation to carbon based fuels (understatement here)
-They have signed JV's and the partner has given them real dough
-The company has very good finances (with the recent funding)
-TAM is seriously large and in the most eco friendly world wide environment
-Only modest insider selling. The CEO has 23.5 million shares. He could have easily sold the majority of his shares during this stock price run
-Don Allan seems like a really good guy
Negatives:
-Their technology has not been fully proven but it is continually being derisked.
Positve and Negative
-"They're an overnight success...........that has taken $75 million and 16 1/2 years.............."
Negative since it has taken a while to get here. Positive in the sense that we would not be buying this stock at this price or lower, if they had been successful, years ago................