Re: Environmental Opposition to Green Fuel?
posted on
Jun 14, 2008 06:31PM
Sometimes I read posts that sound like a company plant here.
Several months back I asked Bob Dynes @ Silverado investor relations about the Akerman MS. project and why it wasn't getting anywhere. I also sent him a photo I took of the so called site property with it's few little bitty marker flags. His response was they were still working on the permitting and that the permitting problem was expected to be done near the last of 2007 or the first part of 2008. There was never a word mentioned about any environmental groups causing any problems of any kind.
The April 2007 meeting and show of power between the Governor of MS. and Mr. Anselmo, to me, showed a team work effort to get the proto type project under way, a sort of school on how to process the coal into fuel for under $30 a barrel and be environmentally friendly at the same time at an initial cost of $26M.We should be able to ask any team member about a project they are involved in, with the reasonable expectations of an honest answer. The next thing I read about it (on this site) is that they have scrubbed that project and have decided to go into a full production plant for some $450M.
The information that I read on the BCSC exchange had stopped it's trading of Silverado shares was not in error. The article I read that Silverado was sending down a crushing machine to the Akerman site has not been realized as yet either.
I believe the Green Fuel project, as advertised, has great promise.I also am invested to more than 272,000 shares in the Silverado stocks. At the same time, I do not believe the company is very forth coming with honest information about it's actual progress on various parts of their companies undertakings.
There are other coal to liquid projects around the country, but I don't think they have the environmentally friendly process patent that Silverado does, however some of them are operational now.