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Q4:net loss and negative EBIDTA!down she goes
timminco:I looked to other message boards and everybody is very positive about the numbers. Some say it'll rise to 75cents, other say 80 cents, some say 1CAD. Some say + 2-3CAD in the very near term.
tomorrow should prove interesting indeed!
Great Q results:tomorrow +1CAD for sure:
Generated positive EBITDA from silicon metal product line, Consolidated sales for Q3-10 increased 94%, Sales from silicon metal product lines increased 121%, Normalized EBITDA was $2.0 million compared with negative $7.7 million
+
money not implemented in Q3:
40.3 million us dollar: completed majority-owned production partnership transaction with Dow Corning Corporation for net cash proceeds of US$40.3 million;
+ Fully repaid US$27.7 million Bank of America debt
(both subsequent to quarter events)
RT .43, you made a wise choise buying more shares.
Going to buy an extra package.
I don't think I will regret it tomorrow. We only live once :)
It will explode to 0.50 :)
0.41 already :)
How high will we go today?
My bottle of champagne is standing in the cooler already :)
1 CAD next week seems to me a little early. But I certainly expect TIM to reach that level by end of the year.
Regards,
Joris
It is a good sign that timminco gets more and more visitors here on ihub as well.
Without doubt, Timminco will release better figures than before. But how much better will they be, is the question
Price of silicon metal has risen between 15-20% since July. This should drive up TIM's sales numbers for Q3, as the rebound in the Euro will decrease Tim's Forex losses. I'm looking for $36 -37 million in Quarterly revenue and a drop of $1 million in Forex losses. Maybe we get to EBITA positive. And, in Q4, we will see a profit on the sales of assets and corresponding reduction in amortization (none), huge reduction in interest expenses and likely productivity increases driven by Dow.
+
"Dow Corning reported sales of $1.51 billion in the third quarter of 2010, 7 percent higher than sales of $1.41 billion in the same quarter of 2009. Sales in the first three quarters of 2010 were $4.41 billion, 22 percent higher than sales of $3.62 billion reported in the first three quarters of 2009.
"Dow Corning continues to benefit from strong global demand for our silicon-based products," said Dow Corning's Executive Vice President and Chief Financial Officer J. Donald Sheets. "This has enabled us to sustain our success while continuing to invest for the future amidst this uncertain economic environment.
"We're seeing consistent growth in our silicones segment across all of the industries we serve, with notable strength in electronics, life sciences, solar and industrial applications. Dow Corning's polysilicon segment through our joint venture, Hemlock Semiconductor Group, continues to benefit from growing demand in the solar industry, enabling it to sell all of its production," said Sheets."
http://ih.advfn.com/p.php?pid=nmona&article=45030347&symbol=DOW
Timminco has a significant JV with Dow Corning
Afterwarts analysts will give timminco a "buy" or "strong buy" recommendation. Rise in PPS will continue.
Every market day the volume is increasing. Wednesday, as a reaction on the q3 numbers, will be the highest volume. Therefore I believe this will go above 1CAD.
Next week will be great. Figures coming out on Tuesday, so brace yourself for a ride up.
I am keeping my shares at least some months so this stock can reach it's full potential.
Smart move. RT now at .38; if Q3 is good that it'll jump to 1CAD in my opinion. 2years ago timminco reported a price per share of +30CAD.
TSE:TIM: JACKPOT!
"Dow Corning reported sales of $1.51 billion in the third quarter of 2010, 7 percent higher than sales of $1.41 billion in the same quarter of 2009. Sales in the first three quarters of 2010 were $4.41 billion, 22 percent higher than sales of $3.62 billion reported in the first three quarters of 2009.
"Dow Corning continues to benefit from strong global demand for our silicon-based products," said Dow Corning's Executive Vice President and Chief Financial Officer J. Donald Sheets. "This has enabled us to sustain our success while continuing to invest for the future amidst this uncertain economic environment.
"We're seeing consistent growth in our silicones segment across all of the industries we serve, with notable strength in electronics, life sciences, solar and industrial applications. Dow Corning's polysilicon segment through our joint venture, Hemlock Semiconductor Group, continues to benefit from growing demand in the solar industry, enabling it to sell all of its production," said Sheets."
http://ih.advfn.com/p.php?pid=nmona&article=45030347&symbol=DOW
Timminco has a significant JV with Dow Corning
TSE:TIM: the price of silicon metal has risen between 15-20% since July. This should drive up TIM's sales numbers for Q3, as the rebound in the Euro will decrease Tim's Forex losses. I'm looking for $36 -37 million in Quarterly revenue and a drop of $1 million in Forex losses. Maybe we get to EBITA positive. And, in Q4, we will see a profit on the sales of assets and corresponding reduction in amortization (none), huge reduction in interest expenses and likely productivity increases driven by Dow.
Timminco:power hou may start now: 161500 at the bid, ready to EAT 52500 left at the ask! Gooooo TSE:TIM
Seems that Timminco has bottommed.Q3 speculation can begin. IMO better than expected results will be released, certainly based on this PPS. TIM
Timminco also produces solar grade silicon, using its proprietary technology for purifying silicon metal, for the solar photovoltaic energy industry.
That's the Future............
How many Shares are Outstanding ?
Is there an Change to make any Profit with Timminco?
Why is Timminco traded at PK ?
Absolutely...and to think I was kicking myself when I sold @ $28!
Moving forward.........I have recently re-entered in the dollar range which is a long term hold for me in TIMMINCO LTD TIM.TO.
To the other poster about pricing........that news is old and that is was they shut down production........looks like earnings / or lack of earnings this week...
TORONTO, ONTARIO--(Marketwire - Aug. 6, 2009) - Timminco Limited ("Timminco")(TSX:TIM - News) announced today that it will restart the second of its three electric arc furnaces at its Becancour Silicon facilities in Quebec, to fulfill renewed demand for silicon metal. The resumption will result in the recall of a portion of the unionized workforce which was temporarily laid off earlier in the year.
price polysilicon down
Polysilicon is supplied to both the solar and electronics
industries which currently are operating below capacity, giving rise to significantly increased supply of
polysilicon leading to a decline in the spot price of polysilicon from highs of $400 per kg at its peak in
2008 to a range of $100-150 per kg in the first quarter 2009.
Has had a lot of huge down days
Another huge up day....
PINK SHEETS TIMNF
Timminco Ltd.
10 Bay St.
Suite 901
Toronto, ONT M5J 2R8
Canada
http://www.timminco.com
Phone: 416-364-5171
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=timnf
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Head Office | |
Timminco Limited 150 King Street West, Suite 2401 Toronto, Ontario M5H 1J9 Canada | T: (416) 364-5171 F: (416) 364-3451 |
Silicon Business | |
Bécancour Silicon Inc. 6500 rue Yvon-Trudeau Bécancour, Quebec G9H 2V8 Canada | T: (819) 294-6000 F: (819) 294-9001 |
Silicon Customers: siliconsales@timminco.com | For Analyst & Institutional Investor Inquiries: Robert J. Dietrich | |
Executive Vice President - Finance & CFO | ||
Other inquiries: info@timminco.com | Timminco Ltd. T: 416.364.5171 | |
rdietrich@timminco.com | ||
Head Office: Timminco Limited | ||
150 King Street West, Suite 2401 Toronto, Ontario, M5H 1J9 | For Media & Retail Investor Inquiries: Lawrence Chamberlain | |
Canada T: 416.364.5171 | The Equicom Group T: 416.815.0700 x 257 | |
lchamberlain@equicomgroup.com |
Silicon Metal
With more than 30 years of experience, we are one of North America's largest producers of silicon metal and ferrosilicon. Our 70-acre facility in Bécancour, Québec has an annual production capacity of 50,000 metric tons (mt) per year. Our silicon metal products are used primarily in the chemical, electronics, aluminum, iron and steel industries, as well as for the production of polysilicon by suppliers to the manufacturers of solar cells for the solar photovoltaic (PV) energy industry. In addition, our silicon metal is used as feedstock for our solar silicon production (see Solar Grade Silicon for more information). Our proprietary compound electrode processes and access to low electricity prices available in Québec, Canada provide us with significant cost advantages in the industry.
To learn more about our Solar Grade Silicon Business, please click here.
The following table summarizes the principal products of our silicon group (excluding the solar grade silicon product line), the principal industries to which we market these products and examples of applications in which our products are used:
Product | Industry Customer | Application |
Silicon Metal | ||
Silicon metal - chemical grade (>99% pure) | Chemical/silicones | More than 4,000 different consumer products (sealants, rubber, fluids, lubricants, textiles, cosmetics) |
Silicon metal - electronics grade (98% purity) | Electronics/ chlorosilanes | Electronics (computer chip wafers, semi-conductors, solar cells, fiber optic cables), high purity fumed silica (pharmaceutical substrates, tires) |
Silicon metal - aluminum grade (> 98.5% purity) | Aluminum/light metals | Alloying agent in aluminum mainly used for automobile components (engine pistons, housing, cast aluminum rims, wheel suspensions, engine blocks, cylinder heads, intake manifolds, oil pans) |
Ferrosilicon | ||
90% ferrosilicon | Iron foundries/steel | Specialty foundry alloys |
Other Products | ||
Silica fumes | Construction | Ingredient in cement for marine structures or bridge foundations; thermal insulator |
Dross and silicon-containing slags | Iron foundries/Steel | Manufacture of briquettes used to increase silicon content in certain kinds of iron |
Over the past three decades, we have established ourselves as one of North America’s largest producers of silicon metal and ferrosilicon products.
We are leveraging our 30 years of experience and expertise in the production of metallurgical silicon to produce and market solar grade silicon (also known as upgraded metallurgical silicon or UMG-Si) for the high growth solar photovoltaic (PV) energy industry. Our proprietary, patents-pending metallurgical processes enable us to purify metallurgical grade silicon into higher purity solar grade silicon for use in the manufacture of solar cells. As the global demand for energy increases, conventional energy prices continue to rise and the world increasingly looks to clean, renewable sources for their energy needs, solar energy has emerged as a viable alternative. As a result, the solar energy industry has experienced massive growth in recent years and is forecast to continue to experience strong growth in the decades to come.
Our proprietary purification processes yield solar grade silicon with a purity level of at least 99.999% (or “5-nines”) and impurity counts of boron and phosphorous that enable it to be used in solar cells, a critical component in solar modules (or panels), which convert solar energy into an electrical current. The purity of our material allows for the production of solar cells by either blending it with polysilicon (historically the primary input in the production of solar cells) or using our material exclusively. As we continue to refine our process and improve the purity of our material, we expect our customers will increasingly use our material in an unblended manner.
Our proprietary process provides us with significant competitive advantages over traditional polysilicon producers:
With the advantages of a low-cost structure and rapid capacity scale-up that we expect from our proprietary silicon purification process, we are well positioned to capitalize on the massive growth in the solar PV energy industry.
With the advantages of a low cost structure and rapid capacity scale-up that we expect from our proprietary silicon purification process, we are well positioned to capitalize on the massive growth in the solar PV energy industry.
We are a leader in the production and marketing of lightweight metals, specializing in solar grade silicon for the rapidly growing solar photovoltaic industry.
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