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Clear I agree.Bob
Wave pm me when you get a chance.Bob
Wave you are correct.I have a large position and am willing to buy more.I have emailed misty(Jim) that knows the company inside out along with visiting phoenix.In my talks with misty as recent as last week everything was good in pbls land.I am digging,because with any other stock the news we received would have moved it forward quick.I also know they are planning on moving to another exchange which costs money.If Ron is selling shares to raise cash to get us off the pinks thats fine.Their is just too many assets and revenue being generated to be trading at these low levels.Some of the experienced shareholders along with myself should get a hold of Ron or Mike at osprey and find out whats going on.I will not sell my shares and will only add more because I am not that stupid to sell a company with enormous assets/revenue and growth.I do want some answers though why we are trading at less than a piece of penny candy(.05 these days).Bob
Dave thats why my motto is entry is everything.Even on bad days like today my entry was right.So even though I gave up paper profit I am still ahead.I will be buying pbls/qmmg in the morning or before the close.Both their assets alone are worth more than 100's of bb stocks combined that people are playing/hoping and wishing for the homerun.Have a good night.Bob
Stockz I will be sure to bust her while beating around the bush.I wonder how much $ she spent?HeHe Bob PS:After the action this week I need a manly mans day.
Dave most I know including myself have had a tough week.My only two holdings now are pbls and qmmg.I am still up but gave back today.Even great news is not helping on both.I will be adding to my positions in both of these because they have building fundies/assets and are cheap (I think) based on the charts.Some days even the good ones stink.Glad all is well outside the market.Bob
Tree,Investors should be excited(I am).Pbls is now not only a hurricane reconstruction investment,but also a energy play.No logical reason to be trading at these levels.Bob
Stockz,Get glassy back.Its probably a astros depression.I know,I stayed up late watching them.I was rootin for Phil and Roger.Maybe next year.Bob
Hey Dave Hows it going?Bob
My least favorite television commercial and I will not shop their because of it this holiday season.I FELL IN LOVE AT A K MART STORE BOO YA ALL.I am a retailer and they are not thinking about the customer base at all.What they are doing is trying to get a share of wal mart customers whom are known to have a larger lower income shopper.i prefer corporations that appeal to all.Bob
Power,How about like when we were Kids.Grain alcohol and punch.Now thats crazy.A shot of rumplemintz would help though.Cheers Bob PS:see my post to cowboy.
Cowboy Most all sectors in all markets took it on the chin today.I also feel that asset based investments are not recognized by bb/pink investors/traders.A example was rigs almi,smart investors loaded under .20 and held.In less than a year it topped over a 1.00.Longs made much more than the traders.Pbls has enormous value and now besides ALL the other work we do.We have oil producing wells.Same situation with my qmmg 800m in assets and are ramping up production to 120k tons a month x 55.00-60.00 a ton.The quick buck trade is fine on the bb(I do it myself),but companies like these will be earning revenue for years to come.I guess the word investment only exists for a few on the bb.Got the edge off with a little of powers RUM and my wifes tequilla.Dont tell her I said that.She's touchy about the stash.lmao Cheers Bob
Power Pass the whole bottle.Even my qmmg that has great news yesterday dumps today.Got any tequilla?Lime too with salted glass.Jeez
Power make that a double.The one thing that tees me off the most is when good news comes out on a stock and between bidwackers selling at the lows and scum mm's playing into stealing cheap shares.Stupid just plain stupid.Bob
Tuna qmmg I was going to go in at .27-.28 but I just new some of the quick hit flippers that missed selling at the top would bail by the end of day today.I was correct.Bob
Tuna qmmg I just got home and yes I am also adding.No reason for drop except profit takers.Bob
Tree,Nice very nice.Price will catch up soon.Still can not believe we are at these levels.Bob
Sulphur Qmmg Watch for re-entry.I Just spoke to Gene from quest and verified it is actually 3 mines with production of 40k a month(120k tons monthly estimate)in the works.One in production.That changes the numbers greatly for the better.When I saw the update I noticed kentucky but at second glance it is different regions.They are working on getting 6 mines open at this time.Also our mining cost is 28.00 a ton,industry avg is 28.00-35.00.It is exactly like I said about being a great turnaround situation.When we get ramped up expect write-ups in major publications.Thats it for now.Bob
Hey Sulphur qmmg you still in?
Wang Swkj,I was watching that also.Quicker we run through the 40m in .08 range quicker goes back up.Watching Bob
Cintrix hows it going.So now if we have 50m out with 30m insider held.We have 800m in reserves and growing(Assets).We plan on mining lets say conservatively 50k tons a month(80k per company coming) at 50.00 a ton(company says 55.00-60.00) will generate 2.5 mill rev a month.What does that equate to in yearly rev/stock price?I already know,just saying we are cheap here.I am doing the math as I have done for years in many energy/precious metals/mineral companys and have been very successful.Gss,drooy,wht,almi,and numerous others.I follow a formula and stick by it.I will be talking to the company over the next week.If you have any questions I do not already know let me know.Thanks Bob
Merci qmmg breather maybe but the flip side to that is 52 wk high 2.65.Old management was embezzling money.A lot has changed and their reserves haven't.New management-new partners.Most bb's I would agree.Energy/minerals/precious metals I would have to disagree because unlike other bb's where you wait for one time contracts and that pr to pop the stock.In these sectors when production starts and or they add to reserves it increases the worth of the company.Trick is to get in early.If you know bobwins he is a master at oil/ng.He gets them before the wells are hit thus making a fortune when they start producing.Same situation here except dealing with coal.I could talk about the sector for hours.Breather maybe quick pop like other bb's definitely not imo.Thanks Bob
Mary qmmg looks like shakerz group took their quick profits.Staying long and adding based on technicals.This is just the start fundamentally imo.Glassy gave me a beautiful longterm chart that I keep for reference and accumulating.Bob http://www.investorshub.com/boards/read_pmsg.asp?message_id=8246622
Qmmg ridding and absorbing bidwackers after current run.Bob
SA swkj if they did not do that s8 40m This would have broke .1450 with this news.The part of the filing I did not like was the .08 max price put on the shares.Maybe good for a trade.The timing was plain stupid by management as far as investors go.I will be watching.Whats the current chart look like?Bob
Add I hear you No matter how good the techs/fundies look Those land mine s8's are the one thing we have no control over.Bob
Hi everyone,Hope its alright if I post on some other mineral/energy type investments other than oil/ng.Theirs not to many boards interested in these off the beaten path companies.Thanks Bob-Qmmg-Coal gpxm-molybdenum are two I like currently.I like the share structure and progress better with qmmg.With gpxm mining should start soon.These are two that are not widely followed.This is a interesting article I read a while back.It pertains to both Coal liquefaction and Moly.
Molybdenum - The Big Secret
Ken Reser
Sep 07, 2005
Subsequent to my previous report at 321Gold, "Molybdenum The 21st Century Metal". I have done further extensive amounts of research for information on current and future uses of Molybdenum. This has been an undertaking of continual frustration due to lack of mainstream information on this Noble Metal. Outside of the continual references to Molybdenum being used in stainless steel and other specialty metal alloys, fertilizers, lubricants and all the other uses I previously outlined in the 321 report (some of which are not reported in mainstream media) I have found what I consider the 'Big Secret' in regard to Molybdenum.
This so called secret involves considering that few people in the mining industry pay much attention to the Catalyst market for Molybdenum, if any at all. It is considered a small portion of the overall world demand in any charts, graphs or articles one may see and read. This is not the case as I see it from all of my own research. Consider why, when so many pundits and experts have continually called for the same dramatic and rapid decline in Molybdenum prices as we have seen in past when it spiked in price, that it has confounded all the predictions and has remained high for months on-end, all the while outliving those same wrongful predications. Today I believe there are little known, but yet profound changes afoot in the world of energy due to scientific discoveries in catalyst research that are outside the scope of most mainstream reports and articles on Molybdenum, and they are so dramatic and exciting that soon the entire Oil industry will soon be in shock. These changes being brought about by the new discoveries in the catalyst sciences involve coal, plastics and even used tires. The energy field I'm speaking of is 'Liquefaction'. In the 1950's and even earlier, Coal Liquefaction to produce fuel oils was known and studied in the USA, Germany, Japan and S Africa among others. Japan in 1940 produced 30,000 T of liquefied coal oil. Production continued until the end of WW2. Immediately after the end of the war the US military banned further research into coal liquefaction, alleging that it was military research. The process was costly and compared to the price of a barrel of Oil, not yet feasible. It has been stated that for Coal Liquefaction to be cost efficient and profitable, a barrel of crude must sell for $32.00. The Japanese have published reports stating $20.00 p/barrel. The better the catalyst functions, the higher the liquid yield rate becomes. Through international cooperation coal liquefaction has gone from the research stage to commercialization in Japan. Today Japan, Germany, Indonesia, & the USA have all embarked on projects with coal liquefaction. Before I continue with this discussion on the Liquefaction process, I would like to dwell on crude oil for a moment.
Today thanks to the scientific study of new age band catalysts, and Molybdenum Oxide, Nickel, Iron & Cobalt compounds in particular, we now have catalysts that are helping refiners meet the stringent EPA & EEU pollution emission standards recently established. Sulfur is the culprit and the enemy of clean air and consequently due to the 2005 EPA standards (Diesel sulfur content has gone from 300 ppm to 50 ppm) the demand for refinery & hydro-cracking catalyst is going to increase dramatically. There is also another factor at work when considering the crude refinery catalyst demand.
For the last 20 to 30 years very few refineries have been built worldwide, and none in the USA. As I write this I'm reading of Venezuela building three new refineries and expanding two existing ones. China in a JV with its own Sinopec and Saudi Aramco & ExxonMobil have begun building their multi-billion-dollar refinery and petrochemical complex in China's Fujian province. Meanwhile a JV between Borealis & Abu Dhabi National Oil Co. is advancing another ethylene cracking facility in Abu Dhabi. One should be able to see the picture unfolding, "More Refineries" to come and most likely in Europe, Canada and the USA first. Other nations will invariably follow suit in this age of peak oil and rapidly increasing demand from developing nations like China, India, Brazil & SE Asia etc coupled with growth in the western world. The more refineries and hydro-cracking facilities in operation obviously mean's more Molybdenum catalyst demand. With less sweet crude now available and more sour heavy crude that has to be refined, it is going to mean more catalyst demand.
Next is the new looming production and market for (NG) Gas To Liquids Fuels (GTL). This market is fast becoming a reality and will invariably become a robust market for catalysts as well. GTL plants use catalysts of Cobalt/Iron/Molybdenum in the processes. Each GTL plant according to Bill Bell VP of Methanol & GTL Technology & Catalysts at Johnson Matthey "With GTL ready for ascension a big market for catalysts is now emerging & we are looking at thousands of tons plus of catalyst as inventory in a single plant".GTL plants (in 2003) are being considered in almost every corner of the globe that has reserves of NG, especially in areas like the Middle East where there is little local market for it & there are no pipelines to market NG. GTL converts NG into an easily exported liquid form. Shell in 2003 had a plant in operation in Malaysia & pursuing another in Qatar, as is Sasol Chevron. Chevron is also considering other plants in Nigeria, Australia & Caribbean. Exxon-Mobil is also interested in Qatar and Syntroleum is looking at Bolivian gas fields. BP is experimenting with a test plant in Alaska. (As this info on the GTL market is from 2003 I have no idea which projects may now be completed) So now I have outlined another little spoken of and upcoming demand on Molybdenum. The refinery demand for catalysts is already in the Billions of dollars and the worldwide demand for all the different combined types of catalyst uses in 2003 was approximately $7.5 Billion according to published reports.
According to a Roskill Metals report on catalysts (30/10/03) based on the steel industry states, Molybdenum demand has been growing at 2-4% p/a and in hydro-processing catalyst sector by 3-5% p/a. I believe now with higher emissions standards these latter catalyst demand percentages are now much higher if the truth be known. Also w/o going into detail for the sake of brevity in this report I will only touch on the fact that a Molybdenum/Ruthenium catalyst has been developed by Hitachi and other companies for a low cost Fuel Cell. We do know fuel cells will appear in cars, homes & industry in the near future. Washington State University (WSU) research teams have discovered an improved method of converting hydrocarbons (such as methane) into hydrogen and carbon dioxide using Molybdenum Carbide (Mo2C) as a catalyst. This conversion is an important step in fuel cell systems and processes that convert natural gas (NG) into useful petrochemicals. This patent is pending.
On another front Osiris in France and others involved in the world nuclear industry are testing a Uranium/Molybdenum enriched fuel for Nuclear reactors worldwide. This fuel will do away with using weapons grade Uranium in reactors and once perfected will be used throughout the world. The cost savings from low enriched fuel as opposed to the current highly enriched fuel is substantial as well.
Now lastly before I return to the Coal Liquefaction aspect that gave inspiration for this report, you should realize that the global demand for Molybdenum rose by 7.2% in 2004 to 374 million lbs from 349 m/lbs in 2003 as outlined in a study commissioned by International Molybdenum PLC and performed by CRU Strategies Ltd. mining consultants. Further CRU states that conservatively Molybdenum demand thru 2009 will grow by 3.5% to 4.1% p/a and the projected demand will be up to 475 million lbs in the same year. They also (CRU) project a deficit in Molybdenum production in 2008 and as much as a 14 million lb deficit in 2009. The theory of the world entering a "Super Commodities Cycle" is supported by recent reports by Citigroup-Smith Barney (China - The Engine of a Commodities Cycle, March 31 /05) and Goldman Sachs (Metals & Mining March 21 /05) and US Energy (Oil March 30/05) and along with the likes of the renowned Jim Rogers I believe this super cycle in finite resources is well underway and will last for many, many years to come.
The mining industry has been slow in responding to current growth in Molybdenum demand and low inventories. Several new projects, both primary and by-product have been promoted in recent months. Given the need for financing and environmental studies it is questionable if any or most of these projects will be producing by 2009. One or two projects seem to have the thrust, reserves and capability to achieve production in 2007/08 nonetheless. As another aside to the focus of this report it is also noteworthy to mention that a memo from the US Army Research Office: Research For Toxic Compound Destruction, states that the University of Pittsburg has shown that Molybdenum, in the presence of oxygen, is a true catalyst for destruction of nerve gas stimulant. A patent has been awarded on this work.
Now back to the Liquefacton portion of this report. The China Daily News online on the 03/12/2004 carried an interesting article on China's liquefaction projects. They stated in part that China has set up its first coal liquefaction research centre in Shanghai, a move to safeguard the nation's increasing oil supply shortage. The centre will explore and develop direct and indirect liquefaction technologies to produce gasoline & diesel fuel.
Shenhua Corp. one of China's largest coal companies w/ an 80% interest in this centre, has almost completed construction of a US $3.3 billion coal liquefaction plant in Inner Mongolia. Operations of this plant are expected to commence in 2005 to produce 1 million tons of gasoline and diesel fuel p/yr. By 2008 they expect to produce 5 million tons of oil with four more production lines. The second phase of the project will involve an additional investment of US $7.3 billion. Plans for two more coal to oil projects are on the shelf.
In another article by People's Daily news of Jan. 24/05 it is stated that by 2013, 10% of oil imports to China will have been replaced by coal liquefaction. The article also states that international indicators show that the process is profitable at between $22.00 to $28.00 US p/barrel and that the National Reform and Development Commission is considering making coal liquefaction one of China's key construction projects this year.
The other aspect of this trend towards liquefaction is the use of recycled tires and plastics in the process. The plastics alone it is estimated comprise approximately 21% by volume of US landfill sites. There is obviously no need to mention the quantities of used tires in the world. The process for the process involving tires & plastic is called Co-Processing and is achieved by combining feed-stocks of coal with the other two products simultaneously.
Without going into a long scientific and technical overview of the coal liquefaction & the co-processing technologies it is important to realize that the present success and feasibility of coal liquefaction is hinged on the recent perfection of an Iron/Molybdenum catalyst used in the de-sulfurization portion of the process. Soon you will be reading about another new scientific field concerning Molybdenum & Nano-Particle Technology. After all I have written about here in this report, it is my estimation and firm belief that we are now witnessing a historic time in the new expanding uses and demands on Molybdenum in the ever changing world of the Catalyst & Alloy Metals markets and those changes/discoveries are becoming more intense as timepasses. To this end I believe now more than ever that,
"MOLYBDENUM IS THE METAL OF THE 21ST CENTURY"
(Post Script Notes)This report is not intended to infer that there is some conspiracy of silence afoot in the Molybdenum or Catalysts markets. In the title 'The Big Secret' simply refers to the seeming secrecy in the catalyst markets and to the lack of mainstream attention paid by mining media to Molybdenum.
Remember Molybdenum IS the biggest percentage dollar gainer of ANY metal in the last 18 months, and we hear little but negativity from media and mining websites.
Over the last few days I have read of Chinese Molybdenum traders stockpiling product for the end quarter of 2005 in order to have supply.
Sept 2/05 a London Mining article stated this in part- "Prices of Mo alloys all rose on Friday as buyers in search of large quantities found that the tightness of supply that had characterized the market in the early part of the year has not lifted." End
Yes there is a bottleneck in Roasting facilities and it is having some effect on Mo price, but why is there a bottleneck? Because demand is outstripping world roasting facilities. Quite simple really! With 5-7% more demand projected by various industry participants, I'd say they better get busy building a lot more roasters, and bringing new Primary Molybdenum Mines in the world onstream or we may see $50.00 p/lb Moly in future.
China's Metals Info Network, ANTAIKE on Aug 19/05 says new overseas roasting facilities will not be operational until after 2007.
Albemarle Catalysts of Louisianna who use approximately 10 million lbs of Molybdenum p/a, stated in a recent report- "We expect a 5% yearly growth rate in certain catalyst sectors and thatwith the peak oil events facing the world and new refineries coming onstream (in Saudi Arabia & China) and expect two more refineries in China as well as others around the globe, drilling exploration coupled with drill steel & pipelines etc, the demand for Molybdenum & Cracking catalyst should continue to grow as will the specialty steel demand. Molybdenum has gained a new place of stature in the world's insatiable demand for noble metals." End.
If anyone has information on the Molybdenum markets they wish to share or would like to follow any of the Jr companies I represent please feel free to phone or email me anytime.
Thanks for reading.
Sep 06, 2005
Ken J. Reser
Investor Relations Consultant
Adanac Moly Corp. website (AUA:TSX-V)
Goldrea Resources Corp. website (GOR:TSX-V)
South Pacific Minerals website (SPZ:TSX-V)
email: ykgold@telus.net
tel: 403-844-2914
Note: If you wish to become part of my occasional mailing list on Molybdenum & Gold reports please send me an email.
Previous articles by Ken Reser on China's Shandong Kingdom of Gold & Molybdenum 21st Century & Beyond, can be found at 321gold here.
321gold Inc
Tuna qmmg I dont care if they even start mining the 80k tons a month at first.Even 50k tons at 55.00-60.00 a ton monthly will start generating nice revenue and put these boys back on the map with the likes of ncoc and pvmcf.These 3 all traded about the same price in the 2.00-3.00 range not long ago.Quest had the internal problems which have been rectified.Ncoc is currently in the 7.00 range and pvmcf 3.50 range.Traders can move this because of the low float so it should be a good one for both longer term holders for the value to come out and traders.http://www.investorshub.com/boards/read_pmsg.asp?message_id=8246622
Tuna qmmg support .23-.28 resistence .38-.50-.70-.99.Looking to add.Bob
Glassy pbls looking at adding more in here.Whats the chart look like.Thankyou Bob
Thanks sulphur Once I clarified through the company that not much was different since the 3.00 days except now we have better management(not stealing)and better partners.What a vote of confidence from management reducing a s8.Have to run,but will tell you later my thoughts on why.PM me tonight.Bob
Sulfur qmmg congrats to both of us for being early.Light Resistence at .38 then .50-.70-.99.The 52 wk high was 2.65 all systems go fumdamentally.Bob
Lowman what I was asking is it alright to discuss other companys in the energy/mineral sector besides oil/ng.Bob
Hi lowman,I have been looking for a board on ihub that discusses not only oil/gas but coal and other mineral stocks.Would this be the place.Not to many active boards discussing both technical and fundamental analysis combined in these sectors.Thanks Bob
Wang Yep
Mary qmmg will be good for both longs and traderz.Bob
Mary,I hope he shakerizes it up to at least half the previous 52 wk high.Bob
Hobo qmmg Make that .30.This is a valuation play based on reserves and monthly tonnage mined.Remember when I first mentioned it.Not much interest.Look at the 52 wk high.It was their because of the reasons I noted.Corrupt management was why it fell.The coal is still their,we have new management and better partners.People should dd this not JUST look at charts.Bob
Wang,Wife just got off cell with my sister in wpb.Like a warzone.No water.electricity,destruction everywhere.Gas out.Maybe now she will listen to her Big Brother.Bob
Wang qmmg put it away if you have it in you.800m x 55.00-65.00 in reserves and growing.80tons a month x 55.00-65.00 a ton=how much a year in rev.52 wk high before corrupt management got nabbed around 3.00 and moving higher.Lots more dd but that spells the meat.Just talked to my sister in wpb.It sucks power out and a lot of damage.I always tell them move up north with me.Its boring,but its cheap and I will teach you to trade.lmao Bob