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Is there a conflict of interest? Are the patents his alone?
Alloy has business in the U.S.. Hard to understand this. Must be bad blood. What happens when momma passes?
Is Wearplate U.S.A. a subsidiary or a competitor of Alloy? Andrew Kostecki is the son of the founder of Alloy and is the President of Wearplate,
Me thinks the seller is done. Unless another comes out from the cracks in the wall.
Just my opinion, but I feel the seller is getting close to complete. More impressed with the buyer. It's been very calculated.
Amazing! On a day the market tanks, we make a new high.
Ever so slowly, the sell side volume is being taken out. Holding for a takeover in the new year.
Happy Holidays All.
BREAKOUT!!
If I had to guess, I would bet the price was $1.15-$1.25. This was not a "fire" sale., and the seller did not have many options.
Just my guess.....
So where do we go from here?? Does this just mean that the family has an even stronger
lock on this companies stock movement. Is there an exit for us in the future??
Do you have the link from seeking alpha?
Thanks
I think I understand where you are coming from. We have both been in this for a long time. I somehow believe that the "younger" surviving members of this "estate" may be of a more "NOW" mentality. This company has the potential for much higher pricing in this mining country environment. Do you agree? I see so many more opportunities in the mining field in Australia and wonder who in the "estate" is seeking them out.
PLEASE explain your thoughts here. Thanks in advance. How does that possible situation bode for the future of this company?
Must be getting close to earning report. Hoping for a good one. First time in a long while we have $1.00 bid.
The beast is stirring. Looks like systemized buying and hopefully the seller is close to DONE.
Seller keeps feeding. I'm picking up stock here as I see others nibbling with me. Stock is cheap for those with patience.
Mikey
Decent volume. Seller still here. When will he be done?
Earnings should be out too. Is it possible large seller is close to being done?
Thanks for the informative post. BHP has for years been the natural marriage partner for AYSI. Absorbing our company would be a worthwhile cost savings and a super cheap acquisition
for BHP. Does BHP have any operations in Indonesia?
Mikey
Thanks for the informative post. BHP has for years been the natural marriage partner for AYSI. Absorbing our company would be a worthwhile cost savings and a super cheap acquisition
for BHP.
Mikey
I ask again...where is all this stock for sale coming from? Ms Kostecki has not sold any according to last report. Is Indi racer jr. selling? I thought the company phased out the racer. This company should be acquired by a large client. JMHO.
I ask again...where is all this stock for sale coming from? Ms Kostecki has not sold any according to last report. Is Indi racer jr .selling? I thought the company phased out the racer. This company should be acquired by a large client. JMHO.
Where is all this stock coming from?
Who are the major stockholders in this company? Ms. Kostecki holds the majority and according to the latest filing hasn't"t sold any.
This seller is highly motivated to get out here. I will pick up shares on a ladder down along with the lone current large buyer.
Added more today at $1.38 . Looks like the large seller finally hit the decent bid that was always present under the market. Willing to wait as usual. There is value here.
The silence on this board is deafening. Somebody please light a match.
Is anybody following this slow,but steady new high? I hope they are lining this company up for
an exciting 2018. I would hope that the INDONESIA location is about to be sold. My real wish is for BHP to acquire the company. It would cost them a mere pittance compared to where their stock is.
Any thoughts out there that agree or disagree? BHP is their largest account .
Mikey
Is anybody following this slow,but steady new high? I hope they are lining this company up for
an exciting 2018. I would hope that the INDONESIA location is about to be sold. My real wish is for BHP to acquire the company. It would cost them a mere pittance compared to where their stock is.
Any thoughts out there that agree or disagree?
Mikey
Thanks.
Mikey
$1.50 bid for 25,000. This certainly feels like something really good coming our way. Could someone please answer my last post as to whether company bought stock on open or private market so as to reduce float by 308,000?
Thanks
Mikey
It seems like management purchased 308,000 shares in the open market. Shares outstanding just went from 17,350,000 to 17,042,000. The 308,000 shares have been cancelled.
Am I reading this correctly?
Mikey
For those of us that held all these years, CONGATS.
I truly believe that this is just the beginning of a strong move up.
Mikey
Loving today's action. Any thoughts what might be up? Possible sale of the Indonesian plant, going private?
Financials out this a.m.
Interesting movements in the stock lately. Good interest on the buy side with a seemingly endless supply from one seller.
Your thoughts make a lot of sense. Why would they use an Australian company when the deal is with a U.S. company and they are a Delaware Corp. I am also concerned with the large offerings in this stock. If this is such a positive transaction, then why are there 35,000 for sale. We have been seeing large chunks of stock come up on the offering side recently and the "large" bids when they do show up don't last very long. We may be getting the royal shaft as minority holders. Any other opinions out there or are we just a very very small group of holders?
Alloy Steel International, Inc. (OTC: AYSI) advises that the Board of AYSI's wholly owned subsidiary, Alloy Steel Australia (Int) Pty Ltd (ASAI), has reached agreement with the Kostecki family trust to acquire Matrix Metals International Pty Ltd (Matrix), the vehicle through which the Kostecki family trust currently supplies various materials and production inputs to ASAI, under long standing supply arrangements. AYSI acquired Matrix on a cash free, debt free basis (with customary normalized net working capital adjustments) for AUD7.85m (USD 5.79m) with effect from November 18, 2016.
The Board of AYSI sought and received a 'fair value assessment' of the acquired Matrix assets from an independent advisory firm in Australia. AYSI management regards this transaction as a key step toward consolidating the Company's distinct valuable assets, which process commenced with the passing of AYSI's founder, Gene Kostecki, in 2014.
About Alloy Steel
Alloy Steel manufactures and distributes Arcoplate, a technically superior and market leading 'alloy overlay' wear plate, servicing the global market place from its modern manufacturing facilities in Perth, Australia. Arcoplate is used throughout the mining and materials processing industries, from opportunistic one-off specialty applications in small companies to large relationship based repeat business applications with leading international companies.
Arcoplate provides users with superior wear protection due to its premium alloy mix, its high ratio of carbide rich alloy and its unique manner of manufacture. The product's technical superiority combined with its unbeatable 'whole-of-life' cost has resulted in Arcoplate's wide acceptance in the mining and mineral processing industries to reduce wear in a host of fixed plant and mobile equipment applications.
In mining and materials processing industries, where premature equipment wear is the primary cause of downtime, to undertake repairs or refurbishment, Arcoplate can provide users with significant profit improvement. Arcoplate can substantially lower equipment downtime, resulting in higher production, whilst also lowering the overall cost of wear protection.
Furthermore, in applications where material 'hang-up' or 'carry-back' are also a significant cause of lost production, such as sticky materials that do not discharge freely from truck trays, buckets and chutes, Arcoplate's unique characteristic of polishing to a very low friction factor has the potential to virtually eliminate these problems, whilst simultaneously providing enhanced equipment wear life.
BRIEF-Alloy Steel International advises acquisition of Matrix Metals International
BY Reuters
— 9:11 AM ET 11/21/2016
If I'm correct, AYSI traded the "overhang" volume of 24,500 today.
Someone panicked this a.m. and offered about 18,000 at 0.87 cents. I took a chunk. No News this a.m. Alloy is not in the path of hurricane Matthew.
They would increase their personal fortunes much more if they follow my suggestion and keep the company public. My opinion only. Even a two cent dividend ( One cent -semi annually) would be beneficial.
Mikey