StockSharks Profile ***SRCR*** Sept 15, 2000
Website: semperresources.com
IR Contact: Larry Johnson 509-624-1523
Current Price: $1.1563 x $1.3125
Shares O/S: 25.5 mm
Float: 3.1mm
Expectation:
Short Term $5.00 plus
Long Term (60 – 120 days) $10.00 - $15.00
The current weakness in the OTC-BB market has had an effect on many
good stocks. Semper Resources is no exception. This weakness could be
a blessing in disguise. We urge everyone to take a minute or two and
familiarize your self with Semper Resources Inc.
thestocksharks.com This site has much of the public
information on Semper Resources Inc. Also check the Semper website
at semperresources.com
CEO Galen Loven said in a public release on September 7, 2000
(http://www.newsalert.com/bin/story?
StoryId=CoBCsWbKbytaYnZu&FQ=srcr&Nav=na-search-&StoryTitle=srcr) that
a full explanation as to the acquisitions and the business plan would
be made the week of September 18. It is widely believed that there
may be more acquisition or contract news released pending his next
response. It sounds like next week could bring the catalyst to move
SRCR to higher numbers. These prices will not be available for long
in our opinion. Do your portfolio a favor and check out the above
link. This could be a gift in disguise. The past day of trading has
seen an increase in the price of Semper Resources stock. In our
opinion, this increase could be in anticipation of Dr. Galen
Loven's
explanations to the public next week.
We want to point out an article of special interest to Semper
Resources, Inc. and Nicholson machine and Technology. Here is the
link to check for yourselves, but will reprint below for your
convenience.
bizjournals.com
The article refers to Nicholson Machine and Technology as having a
major part of this project. Nicholson Machine and Technology is now
part of Semper. Check it out for yourselves and read this article
closely. Our understanding from conversations with the company is
that currently British Nuclear Fuels Ltd. (BNFL) is out of the
picture, but Nicholson has an even larger position in the project.
Also pay close attention to the previous PR's from Semper and
notice
the emphasis they are placing on the nuclear aspect of their
industry. We are referring to the Nuclear Certifications by the
acquired companies such as Mid-Columbia Engineering and Nicholson
themselves as well as the applications with the IESCRETE Technology.
Per a previous Semper Press Release "Norad also disclosed that it
has
received notice that, as a result of a major DOE/EPA sponsored
testing program, its IESCRETE(TM)soil stabilization and
solidification technology was selected as one of the best of 60
possible technologies suitable for capping mine tailings"
Following is the reprint of the article mentioned above. Our next
Profile will be an examination of where Semper Resources is in
relation to their business plan, and what effect it has to the bottom
line, therefore the SRCR stock price. All information will be able
to be verified through public sources, with applicable links provided.
From the Puget Sound Business Journal
Plan for Hanford factory raises big contract hopes
Steve Wilhelm Staff Writer
Local manufacturers expect big contracts from a 3 million-square-foot
factory planned for the Hanford cleanup site, but only if state and
federal authorities can resolve a battle over cleanup deadlines.
Plans for the $7 billion factory got a boost this week when President
Clinton unveiled a budget plan that includes $450 million in proposed
funding for the project.
The huge facility, to be run by British Nuclear Fuels Ltd. (BNFL),
would convert high-level radioactive wastes into inert glass logs in
a process called vitrification.
Washington state companies hope to get a piece of the construction
and manufacturing work that would stretch over several years.
Chris Schmaltz, division sales manager for Nicholson Machine and
Technologies Co. in Seattle, regards the BNFL project as the biggest
opportunity to come along in years.
His company is a unit of Nicholson Industries, which is best known
for building forest industry equipment. As that market has waned,
Nicholson Technologies has developed expertise in high-end metal
fabrication, focusing on the aerospace and nuclear industries.
However, Nicholson Technologies is running well below capacity, with
about $20 million in annual revenues.
"This could be a very major impact to our potential revenue,"
Schmaltz said of a possible BNFL contract. "It could be work for our
type of business for the next six to eight years."
The proposed BNFL factory is key to stabilizing the most lethal
radioactive wastes left over from plutonium manufacturing at the
Hanford site during World War II. Currently those wastes are stored
in 177 tanks, some of them leaking, which threaten the Columbia River
with radioactive contamination.
Because of this threat, the state Department of Ecology has been
pushing the U.S. Department of Energy to commit to enforceable
deadlines for the cleanup, which the Energy Department has been
resisting.
A deadline for negotiations failed Jan. 31. Ecology is now preparing
to issue a "final determination" for a cleanup schedule on Feb. 14,
if a negotiated resolution isn't reached before that, said Roger
Stanley, the state's lead negotiator.
The state's pressure could help move federal funding for the BNFL
project forward. Appropriating the initial money in the budget
proposal, and additional funding down the road, is essential if the
plant is to start operations in late 2007 as Ecology wants.
The plant will be owned and financed by BNFL Inc., the U.S.
subsidiary of British parent company BNFL. Based in near Manchester,
BNFL is a government-owned company with $2.2 billion in 1998
revenues. It already operates a large vitrification plant in Britain
that processes waste from British reactors and former British weapons
plants.
Under the unique contract with the U.S. government, BNFL will be paid
by the log for vitrifying Hanford waste. The $450 million in the
president's budget will go into a form of escrow account to pay for
the logs. BNFL executives expect a August go-ahead to start
construction.
While it's less than the $605 million originally requested, the
amount in the president's budget is quadruple the amount in this
year's budget, said BNFL spokesman Jeff Harvey.
"We're still very pleased with that. That's certainly adequate and
sufficient funds for us to move forward with this project," he
said. "It's a pretty strong indicator they're taking this seriously
back East."
Steve Morgan, commercial manager for BNFL in Richland, said the
company will be leaning toward "regional contractors" to build the
plant and its equipment, partly because it's more efficient to
transport heavy equipment from local manufacturers.
"All other things being equal, we will go with the regional company
every time," he said.
The facility, occupying four buildings, will be built on 65 acres. It
will be designed to run for 30 years and will employ 750, he said.
Because it will be handling highly radioactive material, at high
pressures and temperatures, much of the equipment will be robotic and
expensive.
At crane manufacturer Ederer Inc. in Seattle, director of sales
engineering Jim Nelson is preparing initial budget materials for
about $5 million worth of cranes the BNFL factory will need.
"At the moment this is our biggest prospective project in the
Northwest," he said. "We're trying to posture ourselves to be in the
best position to get this work."
Copyright 2000 American City Business Journals Inc.
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