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it may be even better...
look at the last paragraph of this pr and it mentions a general shortage. it also says iron ore estimates at goldman sachs? was revised up around 30%. which is interesting, unless goldman took a while to fill a vacancy at the iron desk...
http://community.nasdaq.com/News/2011-12/prices-of-iron-ore-to-hit-150-per-metric-ton-average-predicted-in-2012.aspx?storyid=109265
Prices of Iron Ore to hit $150 per Metric Ton Average Predicted in 2012
Prices of iron ore, the key ingredient in steel, will average $150 per metric tonne from 2012 to 2015, research and investing company Goldman
Sachs & Partners Australia Pty Ltd said.
From an earlier $140 per metric tonne estimate, Goldman Sachs & Partners Australia Pty Ltd raised its forecast based on expectations that Brazil's output of the raw commodity will slide "lower than expected" in 2012.
Brazil is the world's second-biggest exporter of iron ore, next to Australia. The "substantial delays" in the implementation of new projects as well as
expansions on existing facilities in Brazil will lead the country's exports of iron ore to fall by 150 million tonnes to 447 million tonnes in 2012, Goldman Sachs & Partners Australia Pty Ltd said.
Iron ore for delivery dropped 1.8 per cent to $134.80 a tonne on Wednesday, according to The Steel Index. Goldman Sachs & Partners Australia Pty Ltd also raised its 2013 forecast of iron ore prices by 38 per cent to $165 a tonne, 50 per cent to $150 a tonne by 2014 and 60 per cent to $120 a tonne by 2015.
Shortage of iron ore will remain in 2012 and 2013 before it adjusts to a "modest notional surplus" the following year, the research and investing company said.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
Iron Ore Shortage...
Mining curbs force iron ore imports
http://www.business-standard.com/india/news/mining-cu rbs-force-iron-ore-imports/458776/
Sudheer Pal Singh & Dilip Kumar Jha / New Delhi/ Mumbai December 17, 2011, 0:23 IST
Steel industry worried, points to implications on downstream investment plans, taxation.
With no sign of abatement in the ongoing mining crisis that has snapped iron ore supply to key infrastructure sectors, companies have started imports.
Iron ore imports are happening from South Africa at $130 a tonne (cost & freight). Some smaller steel mills have already contracted imports, while major ones are said to considering doing so. Imports, however, work out $10-15 costlier than the domestic ore. If it becomes a trend, it would be significant,as India is a net exporter of iron ore.
“Many plants in Gujarat have been importing iron ore pellets from Russia and Ukraine for some time. Many of the major steel mills are expected to follow the same route, to keep up with their expansion plans,” said Praveen Kumar, chairman, Maya Iron Ores, a derivative commodity broking firm.
Iron ore mining in India has been hit by bans and restrictions. The current production is insufficient to suffice for current steel mill requirements. Steel production has been cut considerably. Says Kumar: “Indian steel mills should have gone full throttle to gain leadership in world production. But the current raw material issue has put major producers on the back foot.”
The market is buzzing with reports that major steel companies have already begun imports. An industry source said, “JSW Steel, Essar Steel and Chowgule & Company (a large iron ore miner in Goa) are understood to have imported for meeting their demand after supplies from Karnataka were cut.”
While JSW Steel and Essar Steel’s spokespersons categorically denied this, Chowgule had not replied to the mail sent by Business Standard.
The industry source maintains the company imported 105,000 tonnes of high-grade ore in two shipments from South Africa earlier this year. Another industry source said Essar and JSW have imported 90,000 tonnes each of iron ore lumps from Kumbha Resources, South Africa, to meet the demand for their respective steel plants.
Mining and export of iron ore in the largest producing state of Karnataka have come to a halt after the Supreme Court imposed a ban there, due to rampant illegalities and violations of environmental norms.
Chowgule had so far been sourcing iron ore for its 1.8-mtpa pelletisation plant in Goa from Karnataka. As for JSW’s alleged import, this is understood to be its second consignment of ore. The first hit came here four-five months ago, said the source. JSW is said to have ordered 300,000 tonnes of ore lumps from Kumbha to be completed before March 31, 2012. Its Karnataka steel mill had reduced operating capacity to 35 per cent a couple of months before, due to unavailability of ore. The capacity was partly restored to 65 per cent in November.
Experts and industry leaders have been raising concerns over the possible fallout of such import substitution. “If this becomes a trend, it will have a severe negative impact on greenfield (new) investments planned in downstream facilities of steel, sponge iron and pelletisation, owing to the volatility in natural resources’ supplies from outside. It will also have major tax implications, apart from the impact on balance of payments,” said Gokul Chaudhri, partner, BMR Advisors.
Ennore Coke’s chief executive officer, Ganesan Natarajan, said, “India was tuned with coking coal imports so far. The new trend of importing iron ore despite abundance of domestic reserves is creating uncertainty for the steel industry.”
i used to own this stock and its looking good right now. im thinking it could do well.
NIHK this company sells backup up power systems for cell towers and utility companies. it looks good now because it very low, i remember it higher about 2 yrs ago. all stocks are lower. i like nihk because it is a real company with real sales.
they also in the last year went into set-top tv boxes and from the looks of it that is doing ok. which might actually be good. what i really like is those backup power systems that utility and cell phone companies seem to order every month.
its looking like a buy and its actually a real company with real sales.
buy signal eh, it does have a dividend comming up thursday or friday.
sup divitraders
i dont like that whx(for realz though; not just to promote my pick), my pick is hgt... give her 1+yrs.
that aframax earnings spike; as of last fridays report, or was that the friday before last.. its hard to see on the chart.
have some nat, mvo may not be good because they said that ice storms will make the dividend for this quarter less, so im waiting on that one.
glad to see others posting.
very nice board wzebra33
2nd next, MVO i bought, lots of oil wells, dividend comming up, im going to hold this too and 3 others teloz msb and nat
anyone here?
next idea, last one the dividend was great the share price stayed about the same/ down a little.
i am looking into MSB an iron ore trust, well i bought some shares, but im still sort of looking into it to see how it will do long term. it is an 'iron ore trust' so they sell iron ore pellets they mine from the ground, and those sales get paid out as dividends :).
TELOZ Dividend Announcement!
http://biz.yahoo.com/bw/080326/20080326006120.html?.v=1
AUSTIN, Texas--(BUSINESS WIRE)--TEL OFFSHORE TRUST (NASDAQ: TELOZ - News) announced the Trust's quarterly distribution for the first quarter of 2008. The amount available for distribution will be $4,469,043 or $.940552 per Unit. The first quarter distribution will be payable on April 10, 2008 to unitholders of record on March 31, 2008.
some highlights
-- Gas revenues recorded by the Working Interest Owners on the Trust properties increased from $3,145,878 in the fourth quarter of 2007 to $3,233,178 in the first quarter of 2008.
-- The average price received for natural gas increased to $7.13 per Mcf in the first quarter of 2008 as compared to $6.46 per Mcf received in the fourth quarter of 2007.
-- Crude oil revenues recorded by the Working Interest Owners on the Trust properties increased 10% to $11,962,822 in the first quarter of 2008 from $10,859,032 in the fourth quarter of 2007.
-- The average price received for oil increased to $89.67 per barrel in the first quarter of 2008 from $74.81 per barrel in the fourth quarter of 2007.
symbol : teloz
teloz dividend should be this friday. and it should be very good like over .75 or even over .80, which at $22 a share is around 16% or greater. the dividend is from oil and nat gas sales and as those proces go up the dividend each quarter can be higher.
but, no need to wait 3 months because after close friday about 30mins after close teloz dividend should be announced. the x-div date could be friday too, or monday not certain, im thinking monday tho from past pr release dates around the end of the quarter.
in in TELOZ now and even tho it dropped today, it could even drop a little tomorrow i like it. it has a low o/s of 4.7mil shares and has had some heavy volume recently.
i like it, alot of people are complaining about the oil reserves of these oil trusts, but my dad is a geologist and he told me that nobody has any way of actually knowing how much oil is under the earth. it is impossible to tear off the crust of the earth and look inside, so all the oil geologists do is make a guesstimate of how much oil is under the earth.
so aside from that, i been in it 2 yrs, and now, im buying more because oil is what paye their insane dividend. and oil is high in price.
the 'trustee' watches the cash, and pays the dividend every 3 months based
- on the price of oil, and
- the amount of oil in barrels (bbls) produced.
the trustee works for
the Bank of New York Trust Company, N.A.
it lists that at the bottom of the press release/news.
im all for 51% of this stock and changing the name to some extreme mutual fund or something, let me know how im supposed to vote at the shareholders meeting. im really happy with this stock and its neat deal. and im serious too if thats going to be the plan im 100% for it and im behind everyone being successful.
no stupid mistakes is my motto, 7,500 shares go for $80 i wonder how long that will last?
im refering to when i said this shell is really good to buy 51% of and change the name in earlier posts of mine. and thats why i say im behing the whole process if thats eventually where this deal goes :)
teloz looks like its on sale today at $17.75 currently, wow! thats quite a deal with a forward dividend yeild of around 2.80 thats a 15.7% yeild per year on the doillar amount invested. very nice.
and no ceo's to deal with, no company to go broke, no debt and low o/s. own a piece of an oil well for next to nothing.
bought 250 FRO @ 43.15, thats a good deal, about 2 months ago i was selling because charter rates were very low, then within 30 days they went to $300,000/day. who would have guessed? at 43.15 is a darn good deal im expecting north of $8 in dividends this year so my return at an $8 dividend would be... 18.5%
ok, this is a great stock! OT: herb greenberg 's first article of 2008 heh
http://www.marketwatch.com/News/Story/Story.aspx?guid={3A69F086-B4F5-4BC1-A765-A020866CBBC7}&siteid=nbc
TransCom's Canadian subsidiary, Wes-T-Rans http://www.westrans.com/ , and its Amparts http://www.amparts.net/ operations in Mexico, are not included in the (bankruptcy) filings.
so ah anyone bother telling amparts they got publically traded shares?
if that is the case...
or its just seeing one guy buy at .0005; a scanner shows up 100%, so someone else buys, pinksheets shows up 200% and then someone else sees up 200% etc.
from there its a bandwagon. kind of organic eh?
ya 1998 and bankruptcy in 2001, im just wondering if im reading it correctly. if i am that gives them 3yrs to sell or give the shares out to pay debts. if i am reading that correctly. which i seriously am not sure if i am. maybe it means something else or its, well i guess i am reading it correctly then. in that case it would be helpful if someone could tell me yes i did read it correctly. and it really could be +10mil on the o/s. ???
in this filing (http://sec.edgar-online.com/1998/04/20/07/0000890566-98-000684/Section15.asp) it says,
Within 90 days after the consummation of this Offering, the Company intends
to register up to 10,000,000 shares of its Common Stock under the Securities Act
for use by the Company in connection with future acquisitions. Upon such
registration, these shares will generally be freely tradeable after their
issuance.
At this link
http://sec.edgar-online.com/1998/04/20/07/0000890566-98-000684/Section15.asp
Paragraph 4.
so does that mean over the 16,262,611 shares in the filing (o/s) they could have issued anywhere up to 10mil more shares? even though that is not alot, its nothing compared to the 1 , 2bil o/s and 200mil o/s; 10mil is very small. but does that mean they could have issued more shares unaccounted for or not counted in the o/s numbers.
i suppose the obvious answer is 'yes they could have.'
my 2 questions are (basically the same question ..am i reading that correctly..)
could they have issued an unknown amount more?
am i reading that legal jargon correctly?
and its not a bad thing at all i just want to get it straight so i know whats going on, even though at the current .01 not a whole bunch of dollars, about 1/2 the price of a home loan still in dollar value if they issued , well if im reading it correctly.
anyone understand that because i dont know if i am reading it correctly.. again..
i think up is a better direction.
acas has dropped, good company, dividend is pretty solid, although their business is making money work. its paying around 11.5%-12.3% depending on if i keeps going down of course.
but just another one to watch, that jrt doesnt look so bad. good for 100 shares to add some diversity to any portfolio.
and if fro would just drop a little bit, i cant believe i was like well tanker rates are low....
at least i bought something else decent. anyone see the thing that said people are converting single hull oil tankers into dry tankers. makes sense/fish food.
ah, you left off tuic(.pk) i meant.eom.
no its not new. its from 7/28/2004, im post #1 and i left it unmoderated back then, obviously, in case it went somewhere...
got to make sure these things work out :)
i dont have the knowledge to spam tuic.pk see, i need a pro to handle this, buy in before telling the pros tho. i have time to wait.
im just dont have that exquisite knowledge to actually get it to .50
the o/s is under 30mil even, its worth a college try, but like i said i dont have the knowledge.
you left tuic(.pk) o/s under 30mil, you dont seem to have that on the low floaters list.
oh btw tuic.pk seems to be running again...low o/s, just a pure shell company, someone could even buy 51% of it and have thei own company, in theory.
i created a seperat board for teloz on ihub because its definitely worthy of its own board.
and its also worthy of being talked about here, just happened to notice it had no board.
welcome to the teloz board, plz plz i know people love to ask 'can i buy before the dividend and sell sometime while im on vacation in the congo?' but i'd appreciate it alot if the board wasn't full of posts like that every 3 months around dividend time.
people are still free to post here, im saying im getting tired of these posts on other boards, and its just a suggestion to keep that to a min.
have a great time owning this stock so of the high points i listed in the topic, and im open to charts and pics for the main heading.
low o/s under 5mil shares.
no debt
large dividend
hopefully the share price goes up(to match the dividend to a 10% or so return)
its a good trading stock tuic.pk, to teell you the truth all we need to do is spam the heck out of it and she goes go so fast. its like .50 is possible, it needs to be picked up by a spam place. what if .75 wow. more of a dream, but its a great trading stock and easy gains! i love it! now the question is, how to make this work, and actually have it work. oppisite of something that doesnt work. i dont have the knowledge to do that, im not too big on the .pk .ob spam/run up scene. i know a few places, but im far from having real knowledge that would get this to say .50-.75 or .25 whatever is realistig .07 if thats the case, see i dont have the knowledge.
happy new yr, i cant believe i was correct with my post last night and tuic(.pk) is up 117% because it does move easy on next to nothing volume, check raw data time and sales, its so easszzzyy.
and happy new year, once again
ya there is hope, and im thinking it lies in it being a shell company. which is a bunch of shares, that someone owning 51% of then they can rename the company and be a ceo of some stock shares.
not the worst deal,
or as i just suggested to some people, it just could be a good trade like it was last time it spiked to .055 - .06 .
im still following it...
i have been watching tuic(.pk) and it seems to go very quickly. from the volume it seems it doesnt take too many people buying it for it to go up. so im thinking it might be an easy way to make some money.
its just a shell company. there is no company left.
the board is called insane, and charter rates, wow. how this happens is beyond me. im happy this turned around. i was skeptical before.
bummer .40 dividend thats $1.60 a year, and at 10% the share price would have to be $16 to get a 10% return.
its turning into another blue chip 3% dividend company.
i hope they dont change plans and i can rebuy and expect to get larger dividend.
and i still see .40 dividend but well this headline says it all
Nordic American to buy two new vessels, posts loss
at Reuters (Mon 4:50am)
they posted a loss. i thought bad earnings but never considered a loss.
im still wondering what exactly sfl does, they lease the ship i know. or many ships.
does anyone agree with me that fro, vlccf, nat ,etc. earnings will be bad?
sorry for the basher like topic, it was fun to type it that way, but seriously, to anyone is it like knowledge, or just wait and see.
my math still says bad earnings, weather they beg borrow or steal to pay the dividend i could care less, though i will get tired of that eventually. like make 2 cents per share and pay $1.00 div per share, its all fine for a bit. so maybe they do have extra pennies lying around to pay a healthy dividend.
but the earnings, anyone?
Fro Nat Vlccf ... WARNING
ok i hate to seem like a basher, and im not. if you check the rates for charters at www.pfbassoe.no (.no=norway, i've seen this posted on yhoo boards too, but try to keep it quiet) left colum weekly charts bottom of the list in white, you will see the charter rate down sharply(.pdf download)
based on this i sold all my fro nat and vlccf(anything oil tanker shipping), you know for the time being or whatever... i am holding my sfl because ah, well im not sure if a different name means anything, 9 out of 10 times it doesnt, heck it even has 'finance' in the name and things with finance in the name like nfi has 'financial', im not expecting a miracle out of sfl, im just holding on to it seeing what happens.
teloz announced yesterday, i own alot of it so ya ya, still if things go well its a nice above 10% dividend.
sff on the list above, i'd avoid that one and go for pbt based on oil staying high.
tanker stocks i think will have bad earnings, thats not to say they wont beg borrow and steal to pay the dividend, which i have no objection to. just i think i can rebuy the tankers, oil(wet) tankers, not dry bulk, the oil tankers at a lower price early next yr. so im sold out of those.
and cornerstone like clm crf, they have this cfp, as of sept 10th, no divi announced yet but i bought some to see how it goes.
im pretty sure i own everything i mentioned above. and bunches of other dividend stocks and cef's. im into dividend stocks.
i called the transfer agent, and was told the o/s is 2.3bil. i also asked as of what date, 3 months ago, last month and was told that the 2.3bln is 'pretty current. the term the t/a used was 'fairly current', which made me think that it was not some old number.
so, in theory anyone could buy all the shares for around $230,000 (two hundred and thirty thousand and 00 cents) what a deal.
40 acres in nevada goes for about $50,000 in some places, heck in some places less. i saw a 40 acre parcel in the middle of nowhere go for $7000 at an auction last saturday.
<iNews> 01:34ET BC-TREASURE-SHIP Shipwreck Yields Estimated $500M Haul [ AP » http://ln-s.net/XA4 ]
lucky yous i wouldnt sell shares too fast
$2500/day this has bothered me for 4hrs now, at $2500 a day that equals on an 8hr day $300/hr, my attorney charged less 10 yrs ago. this $2500/day probably includes saturday, sunday, and holidays. because oil pumps regardless. at $2500 a day, i dont know where you got this figure from, but that is good income.
calc out 2500 * 365 and tell me, tell me, call the guy a pinhead again and look at the numbers.