Billy Shoots Shorts: Facts not Short Fiction:
New Chairman of the Board hasn't been quoted as saying anything false. CEO Collins was quoted as saying that the Indonesia plant would be the first one built. Guess what! The execs are in the far east. If you think that an announcement will not be made in August, that is your mistake. Take a look at the technicals of EEE stock. RSI is heading up aprroaching 50. The MFI (Money Flow Index) is on an upward slope, crossing 50 yesterday. Institutional buyers are buying. The price is heading up up up.
Below is an article specifying the rigorous testing that was done in the first phase of the project with Indonesia. K-Fuel passed all tests with fantastic results. An announcement that the construction phase is starting will easily double EEE's stock price.
findarticles.com
Evergreen Advances Proposed Coal Refinery Project in Indonesia
Following successful test results for product performance and stability, Evergreen Energy and Sumitomo Corp. have agreed with a major Indonesian mining group to proceed with development of engineering specifications, economic evaluation, marketability analysis and further coal tests for a 1.5 million short ton per year K-Fuel coal refinery on Kalimantan, with the intent to expand the plant capacity in future years.
Advancement to the engineering specifications phase follows acceptance by the three entities of results from rigorous tests on coal samples from mines that were subjected to the patented K-Fuel coal refinement process. The tests found that Kalimantan coal worked well with the K-Fuel process-experiencing significantly improved heating value when compared to the raw lignite extracted from the mines. K-Fuel refined coal had 64% less moisture, 56% less mercury and a 52% increase in heat value from 3,666 kilocalories (kcal) per kilogram (kg) (6,600 Btu/lb) to 5,571 kcal per kg (10,000 Btu/lb).
"Our Asian subsidiary began discussions with this major mining group last fall about the K-Fuel technology's ability to address their need to upgrade low-sulfur Indonesian lignite before it is barged to high-demand markets elsewhere in Asia," said Kevin Collins, president and CEO, Evergreen. "We signed a multi-phase agreement with this widely known and respected organization, have successfully completed the initial phase and are now aggressively executing development of detailed engineering specifications, economic evaluations and marketability with the goal of constructing a K-Fuel refinery at a site on Kalimantan." |
