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How much net earning for Q2 for tmb in your opinion, cl#1? Thanks.
A Disaster for Capstone Mining Corp?
Wildfire creeps closer to Minto Mine as milling operations continue
Precautionary measures, such as the evacuation of between 40 and 50 workers, have been taken as a wildfire continues to burn out of control 7 kilometers from the Minto Copper Mine.
Author: Dorothy Kosich
Posted: Monday , 07 Jun 2010
RENO, NV -
As of Sunday, it was reported that a wildfire fire continues to burn approximately 7 kilometers from the Minto Copper Mine in the central Yukon.
Operator Capstone Mining said 50 people left the mine site on Friday, but that 100 people remained on site after mining crews departed.
Capstone mining President Stephen Quin said flying out some workers lessens the burden should a complete evacuation of all 150 workers be necessary. Most of those evacuated are working for Whitehorse-based contract miner Pelly Construction.
Milling operations continued as of Sunday morning as the fire exceeded 3,400 hectares. The mine produced 51.9 million pounds of copper last year. Minto also produced 28,579 ounces of gold and 299,767 ounces of silver in 2009; Capstone has targeted 50 million to 55 million pounds of copper for 2010.
The wildfire was believed to have been started May 30th by high winds which blew a dead into contact with the spur line supplying power to the Minto Mine, igniting a ground fire that is spreading very quickly as a result of hot, dry conditions and strong winds.
There are 19 active fires in the Yukon, the largest at 20,500 hectares burning in the wilderness zone south of Dawson City. Most of these fires were caused by lightening.
Yukon Wildlands Fire Management has crews to protect critical mine infrastructure and contain the fire. Capstone Mining has released mining equipment from its contractor Pelly Construction to assist with fire containment. The Minto Mine has put a number of firebreaks and water sprinkler systems around critical or vulnerable infrastructure, and ensured it has water pumping capacity available to assist with fire fighting on site if needed.
In a news release, Capstone said, ‘As a result of site clearing during construction of the mine, all site infrastructure has a reasonable break between it and the vegetation, but additional fire break preparation, setting up sprinklers to wet down vulnerable infrastructure, establishing water distribution systems and other fire prevention recommendations from Yukon Wildlands Fire Management are being implemented."
Grid power to the mine has been turned over and Minto is running on diesel generators.
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Great news on PWEB, and it should run up for a few days as a result
CYXN made another poison financing. Together with warants, they have issued over 15 million new shares, which is nearly 50% dilution. This is difficult to understand.
On May 3, 2010, China Yongxin Pharmaceuticals Inc. (the "Company") consummated a subsequent third closing of its private placement of its equity securities with certain accredited investors pursuant to a Subscription Agreement for total consideration of $250,000 (the "Third Closing"). The Company issued to the investors secured convertible notes with a two year term, bearing 10% interest per annum, convertible into common stock of the Company at a conversion price of $0.20 per share, which is subject to adjustment for stock splits, recapitalizations and other similar events, and will also be adjusted on a full-ratchet basis to equal the price per share of any subsequent financing. The notes are secured by a first priority interest in all current and future assets of the Company, which will be cancelled upon repayment of the notes or upon conversion of at least 50% of the principal amount of the notes into shares of Company common stock. The notes may be redeemed by the Company at any time for 110% of outstanding principal and interest. The note investors also received, as a part of the financing, warrants for the purchase of up to 1.25 million shares of our common stock with an exercise price $0.50 per share (subject to adjustment for stock splits, recapitalizations and other similar events) exercisable for a period of three years. The Company will use the proceeds of the financing for the payment of auditing expenses, legal fees, operating expenses, supplies, and general working capital. The issuance of these securities was exempt from registration pursuant to Rule 506 of Regulation D promulgated under the Securities Act of 1933.
The Company previously consummated an initial closing of its private placement of its equity securities on January 25, 2010 in the amount of $700,000 (the "First Closing") and a second closing of its private placement of its equity securities on March 4, 2010 in the amount of $125,000 (the "Second Closing") with certain accredited investors pursuant to a Subscription Agreement.
http://biz.yahoo.com/e/100504/cyxn.ob8-k.html
Congratulation and thank Northenlight for your winning and sharing your great experience. It is remarkable!
Based on GPLB's earning last year ($.27 per share) and double digit growth, over $1 per share book, does current asking price $1.25 worth to pay?
Based on GPLB's earning last year ($.27 per share) and double digit growth, over $1 per share book, does current asking price $1.25 worth to pay?
Thanks, jmurfk. Got some GPLB at $0.55-0.6, and want to have more. But asking price $1.25 may be too high. What is the fair value in your opinion?
GPLB drop to $0.6 now, falling from nearly $1.5 a few weeks ago when its 10k came out earning $0.27 per share with double digit growth last year. Just got some.
GPLB drop to $0.6 now falling from nearly $1.5 a few weeks ago when its 10k came out earning $0.27 per share with double digit growth last year. Just got some.
Thanks, got some GPLB as well. Based on its earning $0.27 per share with double digit growth last year, current share price is really low. do you the reason behind?
SMTX at $3.57, but SMX.to merely $3.4, about 5% discount. Anyone knows why? Anyway, I sold SMTX and bought equal number of smx.to shares this morning.
You're right in the cash per share, Gary. I mistakely used authorized number of shares instead of issued ones. But the continuing income included one time other income $717,750.
CSOL: merely earned 0.03 per share last year, excluding one-time other income. I see its cash merely $0.06 per share, where $0.33 per share cash comes from? At current price, it is not undervalued
PWEB, the most undervalued stock right now in my opinion and an easy double from here:
Earned $0.08 per share last year, about 900% more than a year ago, and $0.05 per share last quarter before tax benefit, with book value over $0.21 per share and cash $1.5 million with no debt. The company is projecting rising profit margin and will resume growth after temporary breath this year. Its lawsuit with Google has been well dealt.
It should worth $0.5-$1. Yet, the stock is still traded below $0.2.
Thanks, Researcher, I sold half and still kept other half.
Thanks, King, I can understand why you have found so many hidden gems and achieved great investment success. Could you become my fund manager when I am too old to manage my money one day?
CHNG earned $6.12 million or $0.29 per share during the 4th quarter 2009, gained over 60% over the same period last year. Sounds very good for me. Just got some shares
10K: http://www.sec.gov/Archives/edgar/data/1120830/000114420410012483/v176813_10k.htm
chgy is now traded at $2.35. Thanks again, Northlight. How much should chgy be traded if scok can be traded at $50 today, Northlight? I sold scok too early. I have learnt the lesson and do not want to sell my sizable chgy position too early.
Got sizable CHGY at $0.96 a moment ago. Thank you for your informative posting, Northernlight
SSE is on the rising mood for additional 21% rise. SSE was proposed to be bought out at $7.25 per share with at least 50% of NVSL shares by NVSL when NVSL was traded at $5.8 and SSE was traded $3.37 last Friday. Since then, NVSL has risen nearly 18% to $6.83. Based on the purchasing agreement, SSE should now worth $7.90. The reason why it was traded at $6.5 may be because that it has already risen over 90% from $3.37 last Friday to current price, and most selling was made of profit taking. I believe catch up for additional 21% rise may happen in the next a few days.
Don't understand why SSE is still traded at $6.35. SSE should be traded $7.72 now, as NVSL rose 12.93% today and at least 50% buyout of SSE at $7.25 will be made by NVSL shares.
AEA gained over 8.8% today, despite the poor market environment
Sold CIMT too early at $2.58, and guess I am not as smart as you
Thanks, but I have already got some at $1.34 this morning, and I am willing to sell to you at 20% discount of your asking price.
Got some SSE which is traded below $6.50, even if it has entered a definite agreement to be bought out at $7.25 this morning:
http://finance.yahoo.com/news/Naugatuck-Valley-Financial-pz-1147082235.html?x=0&.v=1
Interesting on CIMT, but no shares are available for sale
AEA, a cash advance firm, is on rising mode now. If you look at similar cash advance firms in Canada such as RENTCASH INC (they face similar regulation issues), then you would understand why AEA should be traded at $10 instead of $5.56 right now.
I sold all my shares at $8.5, way too early. Even if I got them at $3.5 last week, I still felt sorry and wish that I could keep some and sell now.
Great semiconductor news for KLIC, Researcher, Thanks. I sold half of KLIC shares on the day before yesterday to reduce heavy exposure and continue to hold remaining and believe KLIC should worth at least $8
Bought AEA at $5.5, as the company just released its earning 0.32 per share last quarter and $0.89 last year. Similar cash advance company in Canada is traded at much higher p/e.
Share with your joy. But how do you deal with your property in Baltimore while you are away? I want to be mobile too, but feal headace on unmovable things left
Agree with you on JADA, how many reserve years the company have based on current production? What is the proper value of this company based on current jade price?
PRIM vs. KLIC: Which one is more cyclic? It seems to me that KLIC is projected to earn over $0.3 per share this quarter, over 40% earning growth sequentially. Do not understand why KLIC has not been discussed much (except from me) here after blowup earning report lately. But I have no complain as it is quite profitable for me.
Not sure, but RODM's principle transaction loss may be larger this quarter considering market condition now. Thinking to sell some for safe.
Add RODM's $$6.58 million principal transaction loss, it actually earned sinificantly more than what it looked like. Outlook for this quarter is good as well. Just bought some at $4.4
I was the buyer of CMTX shares this morning too
Thanks, Mandjb, here is an interesting graph:
http://finance.yahoo.com/q/bc?t=my&s=MPAA&l=on&z=m&q=l&c=klic
KLIc and MPAA may be like twins. Their time may just come now. I wish that you could make more money on MPAA than I make on KLIC.
Cheers
KLIC vs. MPAA: KLIC may be much better buy than MPAA though both may be undervalued, when you compare their earning, earning growth, balance sheet, near term catalyst. They are in the different fields, but both may be cyclic
KLIC's strength today has pushed my portfolio into strong green for the week after the first weekly loss last week for the year. What I do not understand is why KLIC is still traded below $8, considering it just produced huge cash, earned 0.21 last quarter and will very likely earn over 0.23 per share based on projected revenue this quarter. If this is not a stock to buy, tell me better one.