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Gold/Mining/Energy : BioteQ Environmental Technologies (BQE.TO)

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To: TheSlowLane who wrote (57)12/9/2011 10:24:54 AM
From: CashWhore  Read Replies (1) of 76
 
thanks for your response slowlane. Found out about bqe years ago before the financial crisis, think it was around 4 bucks back then. I was an investor in columbia mining aka nwm at the time and would have never thought in a million years that bqe would have been trading less that that dogshit of a company in a few years time. Anyhow i followed bqe off and on then after after forgeting about it for a year or so i checked it recently and was shocked to see it trading close to its cash. So i did my research and started buying

From what a gather the most recent plant is as you say is the biggest one they have ever built. The recent contract is peanuts and the goal should definitely be JV's but successful completion should still be good for business and future contracts. Also shows that the company can and is moving forward without brad marchand. The the dexing plant should be the blueprint for the company(very profitable, got cash for three more of them) however you never know when there going to land that massive project

Now back to nwm mining, Don't forget bioteq is litigating for 9 million and if i learned anything in the past its that chris berlet is incompetent so i could very well see bqe winning that. Nwm probably wont even have the cash to pay if it comes to that but at the very least it would bring in new owners (hopefully with capital) and they might be able ramp up production and get use out of the sart plant as it was intended. Markets already writing the plant off as well as the one in australia so anything they get from the two is a bonus(and i think they will get something)

anyways, i as i said i don't see the business or demand for what it provides going anywhere(only in a world where emerging markets stop growing all together depressing metals). Originally i was hoping the recent grant of options at .23 would push the stock price to into the teens but decided to plow in at .205 and .21. Under a very nasty market i could possibly see this getting down to cash .15 but i'm not betting on it, just a little powder dry for the scenario
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