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All those in wilma's path be safe.Bob
Ken yes with qmmg.I mainly hold natural resource stocks/reits/precious metals longterm if the right situations come along.Bob
Ken,My two are swkj and qmmg.Qmmg will build into actual mining.Swkj has many fundie reasons that are happening.Did really not understand your comment.Bob
Glassy,I am rootin for the astros because of Roger and Phil Garner.When I was a kid Phil played for my Pirates.I actually wrote Phil a letter and he sent me a autographed postcard which I still have.I am a card collector also.I have over 50 Tom Brady rookie cards as a investment as I have been a patriot fan since the Grogan era.GO STROS
Hi ken,You have two of my 3 favorites on that list.Bob
Aries that find is very interesting not only for atct and swkj but all the investments these guys are making.These Boys have the cash that is one thing we know for sure.Imo they also have the connections to get things done in Asia.Leaves a lot open to discussion and possibilities.Have a good weekend Bob
Go Pittsburgh Pirates.We are consistent 14 losing years in a row.
ROGER CLEMENS on the mound.Says he is all amped up.Bob
SA,I just talked to my sister in wpb,fl.Good old boy jeb Bush said on tv they have 10 days worth of gas.Reality is it took my sister 3 gas stations to fill up.Government?????
Dave my prayers are with your Dad.Your dad is correct in what he said 100%.The best advice in the world comes from the elders.Words to live by.Bob
Yea Sa Going into the xmas season with a product problem is MAJOR.Glad all my stocks are doing well at least.I did make one mistake I think with ecci.Went aganst my better judgement but technically and with wilma and another tropical depression forming out their maybe not.Oh well I forgot what it was like to have one go against me over the last month and a half.Just shows you cant spread yourself to thin.WAKE UP CALL
I am not sure that is where he went but if he is hope he is leaving by sunday.I talked to him the day before he left and put a buy in on swkj at .064.Just missed hit .0651.Maybe he raised it a little.I finally got all my biz problems worked out today.Almost two weeks of shxx.Bob
SA He said he went on vacation.FLORIDA?
Gok read this coal article.We pertain to the good news part of the article.I know this industry rather well.I live in coal country or what was coal country in PA.I actually live 5 minutes from the knox mine disaster.If the new coal liquefaction plants ever come to life,it would be just what the great ne needs to pick up the economy.Nightline had a excellent segment last night on the coal industry also.Here is the article:
FEATURE-Coal prices at record highs, but investors are wary
Mon Oct 17, 2005 10:54 AM ET
By Steve James
NEW YORK, Oct 17 (Reuters) - With coal prices at historic highs, mining companies should be reaping record profits, but rail delivery problems, soaring energy costs and the effects of Hurricane Katrina are holding the industry in check.
Although Wall Street expects the Big Four U.S. coal producers to report healthy third-quarter earnings, some investors are wary of an industry that has so dramatically turned around from two years ago, when it was swimming in red ink.
Massey Energy Co. (MEE.N: Quote, Profile, Research) already has warned that profit will miss analysts' estimates for the quarter on lower shipping volumes and higher costs, in part due to rising fuel prices in the wake of Katrina.
While coal is poised to benefit from its image as a relatively cheap alternative to oil and gas, the miners also need those costly fuels to power their operations.
Indeed, a report by Standard & Poor's Ratings Services says the rise in spot coal prices over the past 18 months has generally not translated into positive outlooks for the producers.
"Amid a robust domestic economy and elevated oil and natural gas prices, it's no surprise that coal prices are high," said S&P analyst Dominick D'Ascoli. "Add the strong demand from Asia and low electric utility inventories, and one can see that these are good times for U.S. coal producers."
But S&P's outlook for most U.S. coal producers' credit quality is stable, rather than positive. Among the mitigating factors are increased debt, weak liquidity, business-risk issues, escalating costs, and mine disruptions, the report said.
In the first two weeks of the new quarter, the index comprising the four major coal company stocks is off about 4 percent after rising more than 45 percent in the third quarter.
But prices of the fuel itself continue to rise. On Friday, coal from the Powder River Basin in Montana and Wyoming was trading at more than $15 per ton -- double what it was a year ago. And eastern coal, from the Appalachia region, was at near-peak levels of $56 to $58 per ton.
GOOD NEWS
"I expect steam coal prices to stay at the current level for four to five years," said Nick Carter, president and chief operating officer of Natural Resource Partners (NRP.N: Quote, Profile, Research) , referring to coal for electricity generation.
The price line for metallurgical coal, which is used in steel production, looks even longer, he told a recent American Coal Council conference.
So why is the stock market skittish? Westminster Securities analyst Richard Price points to macroeconomic worries like uncertainty over inflation and interest rates, as well as production costs and supply cuts.
The market is pondering whether recent high coal prices represent a new plateau in a cyclical industry, he said.
"I think it probably is close to a new plateau," Price said. "I don't see metallurgical coal coming down."
Powder River Basin steam coal was high because deliveries are curtailed as a result of rail repair work following derailments earlier this year.
Meanwhile, Price said, power plant coal inventories are at historic lows -- "I have even heard of some below 10 days, which is unusually low."
But since most major utilities buy on long-term contracts, "it's the smaller utility buyers, like ones owned by municipalities, that are getting stuck with the high prices," Price said.
About 50 percent of U.S. electricity is generated in coal-fired power plants, he said.
Phil Saunders, a senior vice president of Atlanta-based energy company Southern Co. (SO.N: Quote, Profile, Research) , told industry newsletter Coal & Energy Price Report that concerns about natural gas shortages are putting pressure on coal stockpiles. "There are a lot of questions about whether we will be able to keep the lights on."
Wang back at cha.Bob
$$$$$
Wang swkj a good one to dd.Lots of revenue streams being built.Bob
Brack,when I spoke to the company a few weeks ago they said they were working on proposals with the Army corp of engineers.Have you read clams post on rb in regards to the transfer agent conversation.Verifying my belief that they will get work from katrina.Thanks Bob
Swkj,interesting mm's creeping up on the bid on a quiet last hour friday.Bob
BB wilma, thats what I am thinking because the volume was low on all the hurricane plays on the pullback since the afternoon yesterday.Have a great weekend Bob
lucy swkj,Funny we posted 2 seconds apart on swkj.Higher powers than traders will take this higher.HeHe Its friday.Have a great weekend.
swkj tight .0949x.095.Held well all week.I feel a pr on the upcoming development on their website may be on tap soon.The tie in with prestige/knightsbridge will be very interesting in the coning weeks/months.Bob
BB,the hurricane plays should get interesting as the actual hurricane will be over florida Monday/tuesday.Bob http://www.weather.com/maps/news/atlstorm24/projectedpath_large.html?from=wxcenter_maps
Hi Gok,I also am a Rare qmmg investor here is some facts I found out and posted a few days ago.Also Nightline had a coal segment on thursday night.Very good times and will be for at least the next 10 years.Here is the post:QMMG ramping up for production and getting their internal house in order.
QMMG update:I needed to verify that they still had the reserves since the shakeup.They have 14 million in reserves at low end 55.00 a ton thats 770 mill in coal reserves.If the get into production as per pr today at 40,000 tons a month at 55.00 a ton thats 2.2 mill rev a month.I was told by the company ton price fluctuating between 55-65.The joint venture with jj resources will also enable quest to develop and get in to production oil/gas properties as per aug. pr.Quest has also teamed up with utek corporation which will help them in getting more properties thus more reserves.Their was a reason it traded at 3.00 and most of those reasons are still in place.If new management with their new partners listed above can start mining as per todays pr then I believe this one can move much higher.Interesting story at these levels.Insiders own 30 million shares.I am also going to get Rig's opinion as he plays mineral stocks also.Accumulating.Bob
Wang fundies and technicals becoming one are my main goal.Bob
Wang pbls support is now .033-.035 eom.Bob
Wang pbls is another.They have the fundies.The tech guys pegged .025 as major support.With patience I loaded mainly at .026/.028 and some more in the .03's.Combining both has worked for the biggest gains.Bob
Wang swkj technically upper end of channel is .20 as per bb.I am more of a fundies guy that uses the best tech guys to combine both and base my decisions from their.We have the building fundamentals.I believe siteworks will work its way much higher based on my dd.But using good technical traders I bought big in the .04 range and sold most at .136.Now I accumulated back again between .067-.075 for the next run.Shows both techs and fundie investors can live together.Bob
taki ecci technically looks like the .18-.20 should hold and bounce.With Wilma coming it should be good into next week.I picked up a little more at .20 near close and will watch opening.Their really was light selling from .25 down most likely mm games.Bob
Waddup swkj Thats what my increasing fundamental picture tells me.Bob
Pomme ecci Their was hardly any sellers at the .215-.22 level.
Ecci.23x.235
HoBo qmmg ramping up for production and getting their internal house in order.Posted this dd a few days ago:
QMMG update:I needed to verify that they still had the reserves since the shakeup.They have 14 million in reserves at low end 55.00 a ton thats 770 mill in coal reserves.If the get into production as per pr today at 40,000 tons a month at 55.00 a ton thats 2.2 mill rev a month.I was told by the company ton price fluctuating between 55-65.The joint venture with jj resources will also enable quest to develop and get in to production oil/gas properties as per aug. pr.Quest has also teamed up with utek corporation which will help them in getting more properties thus more reserves.Their was a reason it traded at 3.00 and most of those reasons are still in place.If new management with their new partners listed above can start mining as per todays pr then I believe this one can move much higher.Interesting story at these levels.Insiders own 30 million shares.I am also going to get Rig's opinion as he plays mineral stocks also.Accumulating.Bob
SA how about a longer term chart on swkj.Fundamentally they have a lot of irons in the fire just waiting to release to the public.Our intraday high was .145.The 52 wk was 2.25.If we break .145 over time where would the resistence points be on a one year chart.Thank you kindly.No powerball winner for me.Bob
I have all the info on swkj if needed by anyone.One of my favs for a while now.Bob
Wang swkj roughly 130 mill with around 86 mill restricted.Prestige has a minimum of 8.5 mill also and are buying in the open market.Bob
SWKJ nice,This will be my second trip.
Thanks bb eom.
Morning bb,swkj what does a longer range chart look like if we take out the intraday high of .145 over time.Lots of nice fundamental situations developing besides the 10 mill contract already.Thanks Bob