CSKH - waiting for the sun to shine
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WOW, that one gapped up 100% on news.
Hopefully that's whats in store for us!
hopefully they are getting more work than they can handle
Solar is Ready to Launch: A Peek Inside Intersolar North America
July 16, 2011 in Clean Energy, Interviews, Media, Solar Energy
The solar industry is growing by leaps and bounds. The message from the Intersolar North America conference: Solar is Ready to Launch
I spent two days last week at the Intersolar North America conference in San Francisco, speaking with key people within the industry, from solar panel producers to developers of testing and control software for solar cell manufacturers, inverter makers, solar system designers, silver paste materials manufactures and more. It was a great opportunity to get an overview of current state of the solar industry.
My take-away from the experience is the recent phenomenal growth in the solar industry and installed base of solar power throughout the world. If your idea of the solar industry is based on what you’ve heard in the past year, or even the past few months, then you’re in for a pleasant surprise.
Following are some brief insights and examples of developments in the solar industry from my various conversations with some movers and shakers in the industry over the past few days:
Julie Blunden, SunPower:
This fall SunPower will break ground on the first central station solar power plant in the United States, a 250 megawatt utility-scale facility in San Luis Obispo, California. The plant will cost the local grid operator, Pacific Gas & Electric, less to build than a natural gas plant of the same capacity – grid parity anyone?
In January the company signed a deal with Southern California Edison to build two utility-scale solar power plants in Southern California with a combined generating capacity of 711 megawatts. “We’ve come an enormous way in the past five years”, says Blunden, “something on the order of 2,000 megawatts to almost 20,000 megawatts installed globally across the industry. 20,000 megawatts is equivalent to 20 nuclear reactors in scale.”
Dr. Shawn Qu, Canadian Solar:
Just ten years ago, Canadian Solar was a one-man operation. Founded by Dr. Shawn Qu, today Canadian Solar is among the top six solar cell manufacturers in the world. Canadian Solar focuses on building high efficiency solar cells, modules, and panels, Dr. Qu expects solar cells will soon achieve over 20 percent efficiency. An average solar panel, says Qu will produce up to 275 watts of electricity.
Dr. Qu forecasts solar costs will drop to about $2/watt installed by 2012 or 2013, at which point there will be a “sea change” in market penetration for solar. Within five years he expects to see solar to become a “mainstream source of energy,” providing as much as 10 to 20 percent of global energy needs.
Julian Hawkins, Abound Solar:
The key to the continued growth of solar is economics and efficiency. In other words, says Abound Solar’s Julian Hawkins, finding the “sweet spot” of panel cost and energy output. Colorado-based Abound Solar grew from a research project at Colorado State University by Dr. W.S Sampath. Sampath developed a manufacturing process to make solar cells using glass-coated thin film cadmium telluride instead of high-cost crystalline silicone.
From this initial research, began in 1991, Sampath and two other partners formed Abound Solar in 2007. By significantly reducing materials and production costs, Abound Solar has found that sweet spot of panel efficiency and low cost. “Our panels aren’t the most efficient”, says Hawkins, but they are the most “cost effective.” As companies look to squeeze overall costs and efficiencies, Hawkins says Abound’s approach is helping make solar power a viable option for anyone who wants it.
That approach appears to work, Abound’s growth and expansion has already created 400+ jobs in Colorado. With the announcement of a new solar cell manufacturing plant in Indiana, at least 1000 jobs are soon to be added. Abounds mission is to “power the world with low-cost solar energy” – and create jobs in the process.
John Grubb, Outback Power:
Outback is an example of a long-established company entering the solar power market due to the growing business opportunities available. Makers of high-end inverters and other electrical components, the core market for Outback has typically been for remote and rural power installations – from villages in Latin America and Africa to remote hunting cabins in Alaska.
Much of their business has been for transportation and communications, providing robust inverters and electronics for rail switching, cable, and telephone installations that require safe, reliable power management. Seeing the rapid growth of the solar power industry for residential and commercial use, Outback provides high-end grid-tied interactive inverters for a variety of critical solar power applications.
As Grubb told me, it was only a natural and smart progression for this well-established company to enter the solar industry with their power inverter and management solutions.
Paul Mikos, PsmosFMG:
Paul Mikos is an example of doing good by doing well. I’ll do a follow-up story on Paul and PsmosFMG, but in a nutshell, Paul and his partners formed a company in 2009 that provides turnkey solar power solutions for municipalities and public agencies. One of PsmosFMG’s success stories is the Antelope Valley High School District. PsmosFMG negotiated a 20-year Power Purchase Agreement (PPA) to provide 80 percent of the school district’s power needs at a projected savings of $40 million over the life of the PPA. The project will generate 9.6 megawatts from 10 sites throughout the district.
In addition, Mikos told me that a special “solar curriculum” introduced into algebra classes helped improve test scores by 60 percent during the curriculum’s test period. The company has also established an $80,000 scholarship fund for students, most of whom come from low-income families.
Mikos and his partners are all successful businessmen motivated to do well by doing good – and have a great time doing it. “I didn’t have to work,” says Mikos, “but there’s only so much golf you can play. I wanted to start a business that first of all was fun and would do some good.” Making a profit is nice, but without the first two requirements (fun and doing good), well, it just isn’t worth it for Mikos.
“When my children were in school,” says Mikos, “California’s public schools were among the best; now they rank among the lowest in country.” Mikos saw a way to help the beleaguered school districts of Southern California and perhaps provide some opportunities for students to reach their goals and get to college – maybe even start their own solar energy company one day.
David Kallus, KLA-Tencor:
Squeezing out every last bit of efficiency along the entire production and value chain (from ingot to panel on a roof) is how the solar industry will continue to grow and become the mainstream source of energy everyone at Intersolar expect it be in the near future. Producing high-quality silicon cells is a complex endeavor that requires precision throughout the process. At any point along the production line, faults can arise making a cell sub par or even useless.
KLA-Tencor helps solar cell manufacturers manage the task of monitoring their production lines in real-time. Where before hundreds of cells might come off the line with faults, utilizing KLA-Tencor’s comprehensive real-time measurement tools and FabVision data management software, problems can be spotted and identified within seconds.
Reducing lost productivity and materials is crucial to maximizing manufacturing efficiency and lowering costs Kallus explains. “Before our clients were just shooting in the dark,” says Kallus. With these tools, it’s like, well, a ray of sunshine for solar cell makers.
Steve Daniels, Centrosolar:
German-based Centrosolar focuses on bringing comprehensive solar power solutions to homes and businesses – from financing to power production. Products like the CentroPack residential turnkey system simplifies the process of solar power installation for both the end-user and installer/dealer – another example of creating efficiency and lowering cost.
Centrosolar America has offices in California, Arizona, and New Jersey. Worldwide the company has over 1000 employees in 21 locations. Like everyone else I’ve talked with at Intersolar, Daniels is amazed and thrilled with the explosive growth in solar over the past few years. “The market doubled last year,” says Daniels. “In California the market is growing exponentially.”
As we’ve seen throughout our brief tour here, making solar more efficient, from manufacture to finance and installation, is the key driver of that growth. Where solar power was once a “boutique” energy source, it is fast becoming a main provider of the world’s energy solution. As Daniels puts it, we are now at the point of “solar for the masses”
Source: Clean Technica (http://s.tt/12RvY)
Another one of JN stocks is moving after he profiled it on 7/15
Maybe CSKH is next!
GENM is going to sell Acetaminophen
GENERIC NAME: Acetaminophen
BRAND NAME: Tylenol and others
DRUG CLASS AND MECHANISM: Acetaminophen belongs to a class of drugs called analgesics (pain relievers) and antipyretics (fever reducers). The exact mechanism of action of acetaminophen is not known. Acetaminophen relieves pain by elevating the pain threshold, that is, by requiring a greater amount of pain to develop before a person feels it. It reduces fever through its action on the heat-regulating center of the brain. Specifically, it tells the center to lower the body's temperature when the temperature is elevated. The FDA approved acetaminophen in 1951.
PRESCRIPTION: No.
GENERIC AVAILABLE: Yes.
SIDE EFFECTS: When used appropriately, side effects with acetaminophen are rare. The most serious side effect is liver damage due to large doses, chronic use or concomitant use with alcohol or other drugs that also damage the liver. Chronic alcohol use may also increase the risk of stomach bleeding.
----
Are aspirin and acetaminophen the same?
No, they are not the same. Aspirin is a non-steroidal anti inflammatory (NSAID) where as acetaminophen is not. Aspirin relieves pain by blocking pain receptors and acetaminophen works by raising the pain threshold. The two can actually be taken together and the mixture is found in products such as Excedrin.
-------
Acetaminophen is one of the most common medications found in households. It is used for the treatment of pain and to lower fever.
Over many years, it has been used countless times by many people and it has proven to be a safe and effective medication. However, if taken in excess amounts (overdose, whether on purpose or by accident), acetaminophen can cause life-threatening illness.
Acetaminophen is the active ingredient in Tylenol. It is also found in many other over-the-counter medications you can buy at the drug store and in prescription drugs your doctor prescribes: Common names include:
Actifed,
Alka-Seltzer Plus,
Benadryl,
Butalbital,
Co-Gesic,
Contac,
Darvocet,
Excedrin,
Fioricet,
Lortab,
Midrin,
Norco,
Percocet,
Robitussin,
Sedapap,
Sinutab,
Sudafed,
TheraFlu,
Unisom With Pain,
Vick's Nyquil and DayQuil,
Vicodin,
Wygesic,
and Zydone.
Acetaminophen in overdose can seriously damage the liver. If the damage is severe, a liver transplant may be necessary in order to save a life.
Vert is getting measly nibbles on is .025 bid.
Not a single ask print yet. Volume a paltry 44k
CSKH massively undervalued and flying under the radar. Now is the time to be EARLY to the party!
This won't go until its easy to move or until we get blockbuster news that will bring in VOLUME.
If ARCA is done and if no one else has 500k blocks in the wings, we should start to move up on the speculation that Q2 revenues will be in the MILLIONS!
Just noticing the same thing.
Also, if he had more to sell why didn't he take all of VERTS 710k bid yesterday?
Great idea for a board, marked!
May I introduce CSKH.ob, a solar installer. All the solar cell makers are hurting with falling module prices. These low prices however are helping the installers!
AS:300M #board-11635
OS:212M
Financing has been through restricted share private placements. The toxic convertible Notes are history. The company reports in 30days on 8/15, expecting ~$7 to 8M in revenues.
The long consolidation in the .02's is about to end imo.
"...As we close the month of May with more than $7 million in closed sales for 2011..."
"...we will be focusing our shareholder communications on the signed and closed contracts," said Ezra Green, CEO of Clear Skies Solar...."
NO more fluff or forward looking statements.
Right here with ya
San Francisco solar industry expo expected to pack them in
Intersolar North America to kick off with record attendance
Amanda H. Miller
Jul 08, 2011
It’s only logical, given the fast pace of growth in the U.S. solar industry, that a four-year-old solar conference in San Francisco would have ballooned to draw more than 22,000 attendees and 800 exhibitors.
While logical, it’s still an impressive accomplishment for Intersolar North America to have such a following in such a short time. The conference will draw this impressive crowd at the Mascone Center in San Francisco next week, July 12 to 14.
The event is California’s largest solar expo and one of the country’s biggest. It brings solar experts, enthusiasts and entrepreneurs from around the globe together.
“Intersolar has a very interesting mix of visitors because it has the international, yet local flair,” said Mariel Firmacion, spokeswoman for the event. “People from all over the globe will be traveling to San Francisco to participate, learn and network with some of the brightest minds in the industry.”
Intersolar North America is part of a series of worldwide exhibitions in Munich, Mumbai and Shanghai. Together the events comprise the largest solar event in the world.
“Intersolar North America presents its visitors a chance to meet with the big international solar companies alongside innovative start ups,” Firmacion said.
Hot topics at this year’s event are likely to include building-integrated solar photovoltaics, Firmacion said, and concentrating photovoltaic technology.
Building-integrated solar is a relatively new topic. Within the last year, several companies have announced advancements in and research on technology that will turn the windows on skyscrapers into solar energy generators. One company even installed a test section of its solar window technology in the former Sears Tower in Chicago.
“Concentrating photovoltaic technology has made great strides recently as well,” Firmacion said. “It’s emerging as a technology to watch with forecasted utility-scale installations to grow to more than 1 gigawatt by 2015. CPV has won several project bids in recent years.”
Concentrating Photovoltaics employ mirrors to use the sun’s rays to heat a liquid and generate steam the same way coal-fired electricity plants do. Many of the world’s largest new solar projects are using CPV technology.
Firmacion said other hot topics will include smart grid and storage, transmission issues, module testing and certification, and a lot of focus on utility-scale projects, which have been a fast-growing segment of the U.S. market, she said.
This year’s conference will be the biggest yet with tremendous growth from last year’s 500 exhibitors to this year’s 800, Firmacion said.
http://www.cleanenergyauthority.com/solar-energy-news/intersolar-north-america-expecting-record-attendance-070811/
Eicke Weber Lays Out Bold Vision For Global Solar Energy Future
by Laura DiMugno on Thursday 14 July 2011
Optimism abounds at this year's Intersolar North America conference, and it's hard to find someone with a more positive outlook for the future of the solar energy industry than Eicke Weber, director of the Fraunhofer Institute for Solar Energy Systems.
Speaking at the event's opening session, Weber detailed his vision for a worldwide, interconnected energy system powered entirely by renewable energy, especially solar power.
"The sun shines at some part of the day on some part of the world," he said, explaining how this energy could be transported overseas to regions where solar is not as abundant.
A smaller-scale version of the initiative is already in the planning stages. Called DESERTEC, this energy-transport system aims to provide a sustained supply of renewable energy by connecting North Africa, the Middle East and Europe with a super grid of high-voltage direct-current cables.
According to Weber, such ambitious renewable energy goals will not be achieved by maintaining the status quo.
"Business as usual is not an option," he stated. "We need a radical transformation of our energy system to the efficient use of renewable energies."
Germany has already begun this transition by completely moving away from nuclear power - a decision made in the wake of the Fukishima disaster.
"Nuclear will never be 100 percent controllable," Weber noted.
Therefore, Germany decided to not take the risk of endangering hundreds of millions of people. Eight of the nation’s nuclear reactors were shut down immediately following the Japanese tragedy, and nine reactors will be phased out more gradually and be replaced with renewable energy.
Solar will certainly play a large role in the worldwide transition away from nuclear power and fossil fuels. Major cost reductions in photovoltaics - led by a drop in prices for crystalline silicon - have already led to exponential increases in solar deployment, Weber noted, indicating that current worldwide solar deployment levels were too high to fit on the graph in his presentation.
According to Weber's data, the worldwide PV market will reach 30 GW by 2014 and could potentially represent 100 GW by 2020. However, not all of this generation will come from large-scale solar farms. Rather, decentralized solar will be vital, because it does not require massive changes to the grid.
There also needs to be an effort to align solar supply with demand. Currently, the lion's share of PV supply is concentrated in China, while the demand primarily comes from Europe. To increase worldwide solar deployment, there must be a larger focus on urging Asian countries to deploy solar, as well as a push for manufacturing facilities in Europe and North America, Weber said.
China is positioning itself as a leader in photovoltaics, and Weber encouraged the U.S. to step up its game.
"I challenge the United States to make sure to stay ahead of the Chinese PV market," he said.
Ultimately, Weber envisions that PV will represent 10% to 40% of the worldwide energy market, but achieving this goal will depend on a confluence of factors.
"The driving force," he said, "is the combination of research, innovation and the right market."
http://solarindustrymag.com/e107_plugins/content/content.php?content.8294
Solar: All Eyes On Price Declines At Intersolar Conference
July 13, 2011, 1:35 PM ET
By Tiernan Ray
Analysts covering the solar energy technology industry have been reviewing the wares this week at the Intersolar North America industry conference in San Francisco, which started yesterday and ends tomorrow.
Jefferies & Co. analyst Jesse Pichel writes today that demand from solar project installers is sluggish, with many waiting on the sidelines for pricing of modules and panels to decline further.
“We met with various downstream developers and installers including SunDurance, Focused Energy, Gestamp, Astrum, DC Power, and PSOMA.,” writes Pichel. “Most downstream companies stated that psychology may be the largest factor as developers and consumers await pricing to bottom.”
At the moment, module prices of $1.25 to $1.30 per watt “seem to be holding,” he writes. Production, though, is not slowing, as “tier 1 and 2? producers continue to expand capacity.
“Prepaid equipment will be purchased but non-deposited orders are canceled. Every top-tier company stated that only market share matters and price competition has intensified,” he observes.
Pichel warns that makers of wafers for solar are facing a squeeze, with China Sunergy (CSUN) and Canadian Solar (CSIQ) citing prices for wafers of 50 cents per watt, while polysilicon used to make those wafers is at $45 to $50 per kilo. Pichel advises avoiding the wafer makers until polysilicon makers lower their prices.
Axiom Capital’s Gordon Johnson cites a “current” $1.15- to $1.25-per-watt module price range, and argues some “tier 2? producers that are not fully-integrated manufacturers could be squeezed by module costs of 99 cents to $1.06 per watt.
Johnson writes that his meetings with China Sunergy, Solarworld (SWV), Yingli Green Energy (YGE), Jinko Solar (JKS), as well as other parties such as equipment vendor Meyer Berger and project development vendors Proinso and Highlink Partners, suggest that while European demand remains subdued, demand in the U.S. and China, “is not emerging, as many expected, to offset European weakness.”
Johnson sees another two to three months of inventory in the distribution channel producing further cell and module price declines.
A rosier view is offered by Brigantine Advisors’s Ramesh Misra, who writes today that “there is underlying optimism at Intersolar North America,” driven by “the belief that the industry hit bottom in the first half of 2011, and though spot pricing is still weak and inventory is still high, Germany alone could be a 5-gigawatt market in the second half [of 2011].”
Misra sees project rates of return in Germany “running in the high-teens” given lower module prices, and that could spur demand ahead of the next subsidy cuts in January, he thinks.
Misra, unlike Johnson, is encouraged by U.S. and China prospects: “Some believe that China could also be a nearly 2-gigawatt market this year,” he writes, while California looks to institute a 33% “renewable portfolio standard (RPS) for utilities” by 2020, and governor Jerry Brown is pushing for 12 gigawatts of small-scale renewable energy generation by that time.
He thinks “installers will take advantage of low module pricing to get a jump-start on these initiatives.”
Misra also sees module prices in the $1.15 to $1.25 level, and says he hasn’t seen as much of the “bargain-basement” module producers at $1 per watt that he saw at the Intersolar Europe conference earlier this year.
http://blogs.barrons.com/techtraderdaily/2011/07/13/solar-all-eyes-on-price-declines-at-intersolar-conference/
I was hoping ARCA would not hit VERTs 710k bid.
oh well. thats 1.5M ARCA unloaded since Monday.
Will there be a new 500k block on the offer tomorrow? Most likely.
I took out UBSS at .0255
Now its a battle between bigger players.
710k on the bid, 500k on the offer
.03 today?
Tubs, if your a novice penny investor this is how it works. These public companies sell discounted stock to "financiers" who dump it on us (for a profit). Most of these penny stocks never turn a profit but survive off our backs.
Chances are when a stock pops you'll soon hear a new financing deal was completed at a lower pps.
Some companies are more blantant that others. Take CBAI for instance. The started out with 40M shares and ran the printing press to 6.95 billion.
Be careful on drinking any kool-aid.
AWSR on the surface seems like a good play, but who knows how many shares will be be printed to fund salaries and operations?
"...On February 11, 2011 America West borrowed $2,000,000 through the issuance of a convertible promissory note. The note bears interest at 10% per annum and matured on March 15, 2011. At any time subsequent to fulfilling certain conditions, the creditor has the option to convert all or any portion of the unpaid balance of the note into shares of common stock at a conversion price equal to $1.00 per share..."
This is why AWSR is having a hard time taying above $1.00
Q's must be reported within 45days. So 8/15 is 45days after 6/30.
On audited year end reports (ie 10k's) they are given double the 45 days, or 90days.
The fact that someone is buying 500k chunks in the open market, at the ask, is very encouraging!
I'm still all in (and then some) so I'm going to believe this time is different. Yes we got boned when management was predicting (guiding) $15M for 2010 and it never materialized. Now we are only being told about "closed" deals. I think this time around we are going to be rewarded for seeing this through.
Add to that The company managed to pay off the toxic debt holders and find true investors that bought restricted shares for investment purposes. I think this investment will pay off!
We're thinking they changed accountants so they can can book the $8M in signed contracts before all the work is completed and paid for. Most of it is PPA work so the money is as good as in the bank.
Q2 due to be reported in 30days or so. (8/15)
"...As we close the month of May with more than $7 million in closed sales for 2011..."
"...we will be focusing our shareholder communications on the signed and closed contracts," said Ezra Green, CEO of Clear Skies Solar...."
NO more fluff or forward looking statements.
That can only mean one thing, the Q2 numbers are good and those in the know are buying. That's the 2nd 500k ask whack this week!
13:55:47 0.0265 1000 OBB
13:18:07 0.025 700 OBB
12:58:13 0.027 1000 OBB
12:52:37 0.025 43900 OBB
12:52:25 0.025 70000 OBB
12:52:25 0.025 15000 OBB
12:52:15 0.025 15000 OBB
12:36:39 0.025 30000 OBB
12:34:50 0.025 35000 OBB
12:33:44 0.025 1000 OBB
12:33:21 0.025 10000 OBB
12:32:58 0.0249 11100 OBB
12:32:49 0.0249 10000 OBB
12:32:43 0.025 1000 OBB
12:31:24 0.0249 65000 OBB
12:31:24 0.0249 15000 OBB
12:30:42 0.0249 20000 OBB
12:27:10 0.0249 5000 OBB
12:27:10 0.0249 10000 OBB
12:25:08 0.0248 500000 OBB
12:15:22 0.0248 1000 OBB
12:02:45 0.023 500 OBB
11:06:39 0.0249 4600 OBB
10:06:41 0.0249 5000 OBB
09:56:27 0.0249 5000 OBB
09:56:24 0.0249 5000 OBB
09:30:09 0.023 300 OBB
07/12 0.0249 1000 OBB
07/12 0.022 32000 OBB
07/12 0.023 19000 OBB
07/12 0.023 40000 OBB
07/12 0.0249 1000 OBB
07/12 0.023 10000 OBB
07/12 0.024 7000 OBB
07/12 0.024 18000 OBB
07/12 0.024 12000 OBB
07/12 0.024 50000 OBB
07/11 0.024 50000 OBB
07/11 0.025 30000 OBB
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07/11 0.025 23000 OBB
07/11 0.025 20000 OBB
07/11 0.025 15000 OBB
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07/11 0.023 7500 OBB
07/11 0.025 30000 OBB
07/11 0.023 50000 OBB
07/11 0.023 50000 OBB
07/11 0.0221 50000 OBB
07/11 0.0259 5000 OBB
Thats funny. But because the mm is ARCA, an ecn, I don't think the seller can naked short it. To do that they need a bonified MM who can get away with it.
So there is only 15k offered at .0249 The question is will 15k move their asses? or will ARCA just put up another 10k?/
China, which helped sustain American companies by buying everything from our heavy machinery to our luxury goods during the recession, are now slamming on the growth brakes. Why? They're worried about inflation, which is partly a result of the Fed's policy of increasing the money supply, known as quantitative easing. Much of that money ended up in stock markets, enriching the upper quarter of the population while the majority has been digging coins out from under couch cushions. Investor money also chased oil prices way up (which hurts the poor most of all) and created bubbles in emerging economies. Now these things are coming back to bite us.
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Half of Americans say they couldn't come up with $2,000 in 30 days without selling some of their possessions. Meanwhile, companies are flush: American firms generated $1.68 trillion in profit in the last quarter of 2010 alone. But many firms would think twice before putting their next factory or R&D center in the U.S. when they could put it in Brazil, China or India. These emerging-market nations are churning out 70 million new middle-class workers and consumers every year. That's one reason unemployment is high and wages are constrained here at home. This was true well before the recession and even before Obama arrived in office. From 2000 to 2007, the U.S. saw its weakest period of job creation since the Great Depression.
Nobel laureate Michael Spence, author of The Next Convergence, has looked at which American companies created jobs at home from 1990 to 2008, a period of extreme globalization. The results are startling. The companies that did business in global markets, including manufacturers, banks, exporters, energy firms and financial services, contributed almost nothing to overall American job growth. The firms that did contribute were those operating mostly in the U.S. market, immune to global competition — health care companies, government agencies, retailers and hotels. Sadly, jobs in these sectors are lower paid and lower skilled than those that were outsourced. "When I first looked at the data, I was kind of stunned," says Spence, who now advocates a German-style industrial policy to keep jobs in some high-value sectors at home. Clearly, it's a myth that businesses are simply waiting for more economic and regulatory "certainty" to invest back home.
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unemployed autoworkers in Michigan can't sell their underwater homes and retool as machinists in North Dakota, where homes are cheaper and the unemployment rate is under 5%.
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Entrepreneurship is still one of America's great strengths, right? Wrong. Rates of new-business creation have been contracting since the 1980s. Funny enough, that's just when the financial sector began to get a lot bigger. The two trends are not disconnected. A study by the Kauffman Foundation found an inverse correlation between the two. The explanation could be tied to the fact that the financial sector has sucked up so much talent that might have otherwise done something useful in Silicon Valley or in other entrepreneurial hubs....the old methods of self-funding a business — maxing out credit cards or taking a home-equity loan — are no longer as viable.
Read more: http://www.time.com/time/nation/article/0,8599,2076568,00.html#ixzz1RyUGq5Dj
If the numbers are going to super as JN suggests, someone in the know will be looking to add shares. That could snowball into a sweet speculative move!
The 2nd quarter ended almost 2 weeks ago. The accountants and management already KNOW what the numbers are. We'll be told Aug 15th.
See you on the bid!
AWSR in Production - Analyst Blog
06/03/2011 @ 2:03PM
Ian Gilson, CFA
America West Resources (AWSR.OB $1.60) owns a coal mine in Central Utah, about 120 miles southeast of Salt Lake City. The mine has been under development for some time and now the company has moved into a full production mode.
During a recent conference call the company discussed the current operating outlook.
America West now has two continuous miners that are working at close to their optimum output and the company expects to mine coal at 180,000 tons a quarter. The mines uses a room and pillar mode where the pillars support the roof in the mine tunnels and coal is extracted from the rooms. When all the coal in the rooms in a given area of the mine has been removed the equipment is used to mine out the pillars.
Using one miner to develop new areas of the mine and the second one to mine the coal from the pillars the company can keep the cost of production per ton at or below the level of the first quarter, which was $23 a ton. The first miner has been fully refurbished and the second one is nearly new.
A third miner is expected to be running in the second half of this year. This should bring production to over one million tons per year. The next phase would be to add a long-wall miner, which can produce from 3 million to 6 million tons a year or 900,000 tons a quarter. With three continuous miners and one long-wall miner the cost per ton could be as much as 40% below the current level.
With a total of four miners the life of the current mine would be about three years. The company is in the process of applying for mining permits in adjacent land, which is owned by the US Government.
The company expects to reach break-even cash flow during the current (second) quarter, but we do not think it will be positive for all of the quarter. We do expect an operating profit for the fourth quarter of 2011. Our earlier estimates had assumed a long-wall miner in operation for the second quarter of 2012 but we have changed this to the first quarter of 2013. We have adjusted our estimates to reflect this.
During April 2011, the company issued a total of 540,000 shares of the Company’s Common Stock for $540,000. The current share count is close to 40 million.
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some of the best moves happen on no news, but the speculation of very good news. JN lit the fuse, hopefully this firecracker is not all wet. (I'm tired of waiting for it to dry out)
Go CSKH!
looks like The SEC raped us SDGL shareholders.
They should be looking at porn!