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BobWins - LionOre and Breakaway Resources...
What do you think of LionOre (LMGGF.PK)selling some of its Nickel exploration projects to Breakaway Resources ($7.6M US)... Breakaway trades on the Berlin Exch at BW2.BE....might be somewhat interesting....
Art
http://www.lionore.com/pdfs/uploads/news/326_08-18-06%20Sale%20to%20Breakaway%20completed.pdf
Lentinman for President.
Art
SKILLz.....
don't let it impact your beer time...lol.....just thought it was a lot of data collected over a good length of time to make a meaningul result.....
Art
Any idea how the relative performance of those with 0 trades and those with 3 trades is correlated?
Art
Nickel Explorer - BLVKF up nicely today.... (Blackstone Ventures in an exploration partnership with FalconBridge in Norway et al...
Art
http://www.tsx.com/HttpController?GetPage=DetailedQuotePage&SelectedSymbol=BLV&RowNumber=2&a....
http://www.blv.ca/s/Home.asp
BobWins Mascot for the knockdown championship....
Art
http://www.rallymonkey.com/video/kenindex.swf
Oil, (TGA)
What is you view on TGA>?
Art
SIL - Len et al...
What is your view of Silver these days....looking to buy something for the super long term.....as a hedge against the dollar and geopolitical issues....
http://www.marketwatch.com/tools/quotes/intchart.asp?symb=sil&sid=45238&freq=1&time=8&am...
Thanks.
Art
I feel like the Pittsburgh Pirates....lol
Art
Cliff BWLRF
Sorry the NY Mine is Hudson Bay Minerals HBM.TO Balmat Zinc mine which produced the first zinc in May...... my apologies...got my Bobwins Zincers mixed up...lol.
Art
http://cnrp.ccnmatthews.com/client/hudbay_minerals/release.jsp?actionFor=594680
Cliff,
When does their NY State mine start producing if not already??
Thanks,
Art
I'm Sorry,
I misread the rules of this game....I thought this was the ShortMasters board Pick 6 contest....can I redo my picks...lol
Art
Bob,
Bring 10Bagger with you!! Good luck.
Art
Nice start for Vandalay Enterprises...man..rough few weeks...
Art
Nice work. Much appreciated...
Art
Roque,
A decent contrarian will go long the U.S. Dollar....with everybody and their brother expecting it to devalue including the Fed and Treasury it is sure to head higher if the U.S. economy maintains its strength and those Petro Dollars from Gabon find a home in the U.S..... would be a sharp and unexpected reversal of predominant positions no.... ;)
Art
Bobwins...
speaking of mold....I let the Breakwater resources mold a bit and it has done quite nicely...
Art
XWG
Press Release: Wireless Xcessories Group to Announce First Quarter Results via Conference Call at 4:30PM ET on Tuesday, May 9th - 5/04/06
Art
OT
Len will win with his short position on the new Silver ETF...
Art
ERS
Feel sick to my stomach....bought 5K shares at $2 back '02....traded 2K shares a clip on .15 moves with their dividend anncmt for weekend money but always bought back at lower prices.... then sold all of my shares in dribs and drabs as it 'overextended' itself with the IBD crowd. Now at $54 makes me ill..... One good thing...met HWEB on the Yahoo site and have done well with his picks...
Best of luck.
Art
Bobwins - KRSYF..Kroes
Bobwins..Still own a ton of Kroes...and still like it. They have run into political/JV issues in the Ukraine and are attempting to create an Alberta venture.... In these Canadian Jrs.., can I expect some massive funding announcement that will kill the price or do they work their way into an interest in a new field?
http://www.kroesenergy.com/pdf/March%20_27_2006_Kroes_Initiates_Exploration_Development.pdf
Appreciate your Breakwater resources pick last year...Zinc is phenomenal....
Good luck,
Art
BLVKF.PK (Blackstone Ventures) BLV on the TSX...Canadian Jr. Nickel Miner with a venture in Norway..... I was patient with Bob's Breakwater BWLKF.OB pick and have done very well....
Art
LMIA,
Nice earnings improvement. Looking good.
Art
Pretax Earnings Rise 77%
ST. LOUIS, Nov 10, 2005 /PRNewswire-FirstCall via COMTEX/ -- LMI Aerospace, Inc. (LMIA), a leading provider of assemblies, kits and detail sheet metal and machined components to the aerospace, defense and technology industries, announced increased sales and earnings for the third quarter of 2005.
For the quarter ended September 30, 2005, net sales were $24.3 million, up 5 percent from $23.0 million for the quarter ended September 30, 2004. Net income for the third quarter of 2005 was $1.3 million, or $0.16 per diluted common share, compared to $1.1 million, or $0.14 per diluted common share, in the third quarter of 2004. Pretax earnings increased 77 percent to $2.1 million in the third quarter of 2005, from $1.2 million in the year-ago quarter.
For the nine months ended September 30, 2005, LMI Aerospace had net sales of $72.2 million versus $63.4 million for the nine months ended September 30, 2004, an increase of 14 percent. Net income for the first three quarters of 2005 was $3.2 million, or $0.38 per diluted common share, compared to a loss of $0.2 million, or $0.03 per diluted common share, for the first three quarters of 2004. Results for 2004 include a restructuring charge of $0.7 million.
"We continue to enjoy the benefits of increased production rates of both commercial and corporate aircraft," said Ronald Saks, President and CEO of LMI Aerospace. "This increased demand combined with new programs, such as our Sikorsky and Vought projects for the Blackhawk helicopter, have driven our current backlog to another record high of $112 million."
The sheet metal segment generated net sales of $20.8 million in the third quarter of 2005, a 7 percent increase from $19.4 million in the third quarter of 2004. For the nine months ended September 30, 2005, sales for the sheet metal segment grew to $61.9 million, a 20 percent increase from $51.6 million in the same period of 2004. The increases in the quarter and year-to-date sales were due to higher sales of corporate jet and commercial aircraft components. During the third quarter of 2005, LMI Aerospace was unable to ship approximately $0.5 million of products due to a strike at Boeing facilities; as a result, such amount was not included in the third quarter 2005 revenues.
Net sales for the machining and technology segment fell 6 percent in the third quarter of 2005 to $3.4 million from $3.6 million in the third quarter of 2004. Increased demand for technology products was offset by weaker demand for military products. Net sales for the nine months ended September 30, 2005, were $10.3 million, down 13 percent from $11.8 million for the same period of 2004, primarily due to lower sales of technology products in the first half of 2005.
Gross profit for the third quarter of 2005 was $6.3 million, or 26 percent of net sales, up from $4.8 million, or 21 percent of net sales, in the third quarter of 2004. Gross profit for the nine months ended September 30, 2005, was $17.2 million compared to $11.8 million for the first nine months of 2004. Increased efficiency and aggressive lean manufacturing initiatives generated this improvement.
Selling, general and administrative expenses were $3.8 million in the third quarter of 2005, an increase from $3.2 million in the third quarter of 2004. This increase is primarily attributable to increased salary and wages for higher levels of employment, additional costs for bonuses and higher professional services. For the nine months ended September 30, 2005, selling, general and administrative expenses were $10.8 million compared to $10.5 million for the same period of 2004. The nine months ended September 30, 2004, included $0.7 million of restructuring expenses, while the 2005 period reflected higher salary, bonus and professional services costs.
Interest expense for the nine months of 2005 declined to $1.2 million from $1.8 million in the first nine months of 2004. This decline was due primarily to debt reduction resulting from cash flow from operations, offset by higher prime lending rates experienced during 2005. The 2004 period included a $0.6 million non-recurring bank fee.
"Given the positive trends in our business, we now expect 2005 sales of approximately $100 million, gross margin of 24 to 25 percent, selling, general and administrative expenses of about $14.8 million, interest expense of approximately $1.7 million, and a tax rate of 37.5 percent before any research and development tax credits. Our forecast for 2006 sales has been increased. We now expect sales in a range of $120 million to $135 million, based primarily on existing contracts with our customers, increased production rates, and newly awarded business. We project a 2006 gross margin of 25 to 27 percent, selling, general and administrative expenses of $16.5 million, and interest expense of $1.6 million. We expect our income tax rate to be in the range of 36.5 percent to 37.5 percent, excluding the effect of any research and development credits," Saks said.
"Additionally, we are pleased to announce that we plan to open a new manufacturing facility in Mexicali, Mexico, in the first quarter of 2006, to take advantage of lower operating costs for less complex components," said Saks. "Increasing customer demand at our existing facilities has created a need for more manufacturing capacity and lower cost alternatives for our customers. We will provide more information about the facility in future news releases."
LMI Aerospace, Inc. is a leading supplier of quality components to the aerospace and technology industries. The company operates eight manufacturing facilities that fabricate, machine, finish, kit, and integrate formed, close tolerance aluminum and specialty alloy components for commercial, corporate, regional and military aircraft, for laser equipment used in the semiconductor and medical industries, and for the commercial sheet metal industries.
This news release includes forward-looking statements related to LMI Aerospace's outlook for the remainder of 2005 and 2006, which are based on current management expectations. Such forward-looking statements are subject to various risks and uncertainties, many of which are beyond the control of LMI Aerospace. Actual results could differ materially from the forward- looking statements as a result of, among other things, the factors detailed from time to time in LMI Aerospace's filings with the Securities and Exchange Commission. Please refer to the Risk Factors contained in the company's Annual Report on Form 10-K and Form 10-K/A for the year ended December 31, 2004 for more details.
Hweb,
ERS great Qtr --- are you holding any into next year?
Art
Kipp,
I will give you call at your 800#....want to ask you how you arrived at your 194/194 stock pick in the pick 6 contest. LOL
Art
BobWins...Kroes,
Patience young hare.....
getting crushed today on JVA and SYS.....recent runnups quickly dissipating......won't bode well for my pick6ers....
Art
KRSYF - KRS TSX.....we'll take it!
Art
Kroes Energy announces successful development well
CALGARY, Sept. 15 /CNW/ - Kroes Energy Inc. (TSX Venture: KRS) announced
today that development well No. 301 produced an average of 183 bopd (82
barrels net to Kroes) on a six day production test in the Lelyaki oilfield in
Ukraine. Kroes has a 45% interest in the Kashtan Petroleum Ltd. joint venture
that has the license to operate the Lelyaki oilfield.
Fred Callaway, President of Kroes, stated that "these production test
results from well No. 301 confirm the prospectivity of the K1 zone. Well No.
301 is significant because it contributes toward Kroes' growing production
from the Lelyaki oilfield".
Well No. 301 is the first follow-up well to well No. 305 that was drilled
and placed on production earlier this year. Both wells produce from the K1
formation, which is located below the main P1 - P2 producing sands. Well No.
301 will be placed on production shortly. Meanwhile, the rig is being moved to
the next location where well No. 303 will commence drilling in the next few
weeks. Well No. 303 is being drilled as a P1 - P2 development well.
Kroes Energy is a junior oil and gas producer and explorer participating
in the Lelyaki Oilfield redevelopment project in Ukraine, one of Eastern
Europe's fastest growing economies. Kroes has a strong management team, with
extensive international experience. Shares trade on the TSX Venture Exchange
under the symbol KRS.
PBLS - Very nice move...Thanks to Man4 for pointing this one out to me....any view on further upside potential?
Art
BobWins/Roque et al,
Just finished reading the latest Foreign Affairs articles on China. I want create/update a microcap 10 year investment thesis based upon China's thirst for resources. They are anticipated to grow 9% for the next 20 years...last year accounted for 31% of the global growth in demand for oil and their combined share of the world's consumption in aluminum, nickel, and iron ore has doubled to about 20% and is likely to double again by the end of the decade... much of those stats are already factored in but current prices cannot reflect the full impact of that growth....
I have added as much oil as I can stomach (TGA/EGY/CHAR/COP), bought some commodity funds and will look again to mining stocks etc. but wanted to get some ideas on a major sector/industry focus or view of the massive change underway in the global economy and how we VMCers can benefit.....
Art....
BobWins - KROES
Are you holding>? Was also somewhat disappointed...mostly with the 300 assumption for the end of Sept and lack of news on the JV.......will hold though.
Art
LTON
Picked this one up as well today...
Art
http://finance.yahoo.com/q/pr?s=LTON
FTG -
Bought a high flyer today.....should do well....
Art
Farmstead Telephone Group, Inc. is a national provider of telecommunications systems and services. As an Avaya partner it offers systems design, installation and services on a national basis. The Company is currently deploying its carrier based Hosted offerings through its One IP Voice subsidiary. Once the One IP Voice platform is fully deployed the Company intends to become the largest provider of Hosted telecommunications services to the SMB market nationally. Further information about Farmstead Telephone may be found at http://www.farmstead.com
FLNA.PK.....
Not for the faint of heart...got some good word on a pinker that has some funding and is making progress on their move into Energy Trading....I usually avoid FL companies like the plague but took some risk on this one.
Art
Zen, - SYS
As a former contractor....take a look at SYS....looks like Titan when it was in its early stages....
Art
BobW. - KRSYF - Kroes
Due for an update.....
Art
ETLT.....
Getting a little froggy this morning....
Art
ERS, JVA...
starting to enjoy trading a few of these AMEXers with good fundamentals.... you guys are turning me into a day trader! lol
back to work....
Art
Yield,
Any view on the SYS move? Was on nice volume for SYS...must be ahead of their earnings.
Art
Yield - SYS.
Good luck..I have some as well...I think when the cards get dealt the Navy will get a fair share to beef up their presence in Asia-Pacific surface warfare to counter the threat of N.K. and a military buildup in China....they also have some commercial stuff to diversify their portfolio...
Art
"RogueFinger" - Gold.
Have your or are you prepared to share your list of Goldie Microcaps??
Art