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Why doing business in China takes so long
From today's Toronto Star business section.
You may have to signup like most online newspapers these days, but its free and quick.
http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&a...
Monkeybiz - Charting
You should spend a few hours just bouncing around anything that interests you in their Chart School.
It's amazing how interesting it is and how addicted you can become to reading charts before spending your hard earned cash on a stock.
http://stockcharts.com/education/
Monkeybiz - An excellent glossary for Technical Analysis terms
http://stockcharts.com/education/GlossaryA.html
Rattman
you said "Acl profit all your posts talk about resin sys Do you work for them i think you have ctc envy"
Hardly. I presently own CPTC.ob having discoverd them last autumn and have owned RS.v/RSSYF.ob on and off for 2 years.
I found out about CTC after googling "composite" companies last year to see what kind of competition Resin Systems had. I was, and continue to be, very impressed by CTC's wire.
However, as I have been aware of RSI and its technology for at least two years I think that it makes me a little better informed about them and their potential than most other CTC posters here and on RB.
As far as utility poles go, RSI has a proven technology, major distributors in place in Canada and poles in the field.
Their problem has always been their ability to produce them in an efficient way in a large enough number to meet their obligations, let alone industry demand.
In the last couple of months RSI's stock has almost doubled. It has alot of blue sky potential, just like CTC.
There is nothing wrong with having both companies in your portfolio.
Monkeybiz - see if there's any evidence of work being done in pole development and/or production as well.
IPII - Status of CAPEX project in Wintergarden, Florida?
Does anyone know how the facility expansion is going?
I can't remember whether it was supposed to be finished by Q1 or Q2?
By the time we get to NASDAQ it could significantly add to revenues and earnings.
Some info about RSSYF, CPTC's competition in the pole market
http://www.howardgroupinc.com/insight/insight.htm#RS
Thanks otcbargains and deathtotaxes - eom
OT - OTC Board Lots Question
When I see the bid and ask each at 50, how many shares is that?
50 lots of 100 at 5,000?
50 lots of 500 at 25,000?
This is for a stock trading at 20 cents.
Thanks in advance.
From my limited TA knowledge:
The Chaikin Money Flow's been positive since the end of January, while we've been declining, so it's just drifting down on the low volume, no great sell off.
The Accumulation/Distribution had been rising throughout November and December and has been even and steady ever since (perhaps a very slight upward trend). While the latest chart isn't bullish, it's not bearish either, but it does show a slightly bullish divergence with the falling stock price since the start of 2005.
The RSI is now in OVERSOLD territory. If that continues then any pop to the upside will be strong.
The MACD and Full Stochastics are also both in oversold territory.
However, the MACD is falling almost in parallel with the MA and doesn't show any indication of crossing it any time soon.
It's the same thing with the Full Stochastics indicator.
When these two indicators start to flatten out and prepare to cross over their moving average lines then the next big move up will be ready to begin.
There is no way to predict that too far into the future, but by watching these indicators we should be able to know when the selling is done and we're ready to break up again.
The first indicators (money flow & accumulation) are like having an arrow loaded on a bow and showing the bow string being pulled back. Those last two indicators can't tell you when the arrow will actually be fired, but they can tell you when it looks like the bow string has been pulled back as far as it can. Then it's just a matter of time. Of course, that would also be the perfect time to buy more.
All, of course, IMHO.
It probably also moved in concert with UEX.TO
Check out the latest news on its uranium exploration program that came out on Thursday.
It's financed by Cameco, the king kong of uranium producers in Canada.
They moved on Tuesday, February 8th though they still seem to be quoted on the pink sheets as well.
Are they allowed to be on both?
That jump to 10 cents only lasted two days. They plunged right back to 3 cents on the third day.
What makes you define this is a value stock?
Am I missing something?
The Canadian Auto Workers (CAW) are the ones who might go on strike.
They are losing members all over because Canada can no longer compete in the world auto market. That's why they fight for every opportunity to get new members, whether it's good for the members or not. They'd just as soon see Taseko fail and the workers all starve as see them represented by a competing union.
For Power Poles, Tensile strength is more important
The poles have to be able to bend in strong winds and under the heavy loads produced by blizzards and ice storms. Poles in the middle of fields have a lot less chance of being impacted by anything.
Impact strength is more important for poles close to roads. If the poles are used as light standards then I can see that being a major issue.
This is one of the reasons that Resin Systems decided to make it's poles sectional. When impacted by motor vehicles they would break off at the section's tip which lessens the damage to the vehicle as well as the severity of injury to the occupants.
TGB - Here's the other reason for the slide
With all this dilution, I can no longer call this a "Value" play no matter how much copper and molybdenum they have in the ground.
http://www.tasekomines.com/tko/NewsReleases.asp?ReportID=99559&_Type=HDI-News-Releases&_Titl...
TGB/TKO.v
It's not all selling directly into the market.
There was a big block crossed on Tuesday.
I think it was 800,000 shares or so.
IPII - What Gives???
I have a bid at $1.46 and ask at $1.45.
Is there anyone with level II who can shed some light on this?
TGB/TKO.v info from the STOCKHOUSE board
Many things have affected this, the late PP squeezed in at 1.25 when the price wsa cracking $2 in the fall caused a large number to bail, wasnt even done as a separate NR, was buried at the bottom of some other ditty, but the real question mark remains whats contained in this on the SEDAR site, which never did have an NR about it.
http://www.sedar.com/csfsprod/data49/filings/00696239/00000001/m:%5CCAROLW%5CTKO%5CNewsRel%5CMateria...
while the file is text and a PDF, it was posted as picture format so no text can be selected and pasted, must be retyped, but here are some hightlights...
Ledcor gets 15% as operator. They also get priority from JV revenue for lease costs, personel payroll and "operating bonuses". The terms of the operating bonuses are NOT specified.
It then tells us that they have entered into a "series" of agreements with "Red Mile Resources" LP, AND "certain other entities" (unspecified).
"Red Mile purchased for $67.4 million a Royalty compromising a basic royalty "(whatever that is), AND a "net profits interest"
in addition to the Royalty of $67.4 million, Gibraltar will receive an additional $10.5 million on account of services
No mention of what percentage the royalty entails, the duration, etc.
in addition, there are a series of put call instruments by both parties that reads as pure gibberish, especially without the related amounts.
in 2014 Gibraltar may execute a call agreement and reacquire the rights they have sold to Red mile.
In ADDITION to all the above, they will ALSO get 2 - 4% of Net profits depending on the prevailing price of copper, for the years 2011 - 2014.
Nothing from IR to explain any of the above.
So, in a nutshell, current market cap is $77 million. They sell a royalty (above all their other obligations) for $77 million. They dont bother telling us what the Royalty is, just what they got for it.
My guess, in effect, they sold the mine without asking the shareholders.
What are the shares worth, and how would ANYONE who does NOT have the inside information on what the Royalties actually are determine what this company is worth?
Any other spins would be appreciated.
Kent
BBOTCS - TGB
I'm a little more worried about the deals that management has made with the limited partnership to whom it sells the copper.
Is it going to limit the upside without providing protection to the downside in case copper prices start to slide?
How are they planning on financing this new copper refinery?
Will it be a PP that will be highly dilutive at these prices?
They haven't shown a lot of smarts so far when it comes to getting a good price in earlier placements.
I'd also like to know why the only insider transactions in 2005 have been selling into the price run-ups, effectively killing the rallies.
In canada you can check insider info at www.sedi.ca.
Here's the link for TKO.v:
https://www.sedi.ca/NASApp/sedi/SVTItdSelectIssuer?locale=en_CA
A new report on Taseko Mines (TGB/TKO.v)
These numbers are based on $1.26/pound for copper and 16.75/pound for molybdenum, on average for 2005.
Note that this is a Canadian report so the fiancials are in Canadian dollars. Only the commodity prices are in U.S. dollars.
http://www.tasekomines.com/i/pdf/FA-jan272005-TKO.pdf
JohnnyBoy - Learn a little bit here
Stockcharts.com has a very good section called "Chart School" that can teach you about all sorts of patterns and indicators.
Be warned though, this stuff can get kind of addictive.
http://stockcharts.com/education/
Marvel/TGB
Then what do you see?
By the way, someone at the Stockhouse board wrote that another ship load of copper has already been sent to the refinery.
CL001 - Copper supplies in Shanghai
You said "copper is hitting 3 weeks high on 34% drop in Shanghai inventory. I really believe the Chinese are manipulating the copper price. How can Shanghai inventory fluctuate so wildly?"
Chinese New Year is Wednesday February 9th. Most of the country shuts down for a week so workers can travel back home and eat, drink, and spend just like Americans at Thanksgiving and Christmas, but on an even bigger scale.
Manufacturers who use copper were loading up this month to get goods produced and shipped off in the next week before they close down for a few days. It's not manipulation, just the influence of another country's culture on international prices.
Now that China's an economic power, we may now have a "Chinese New Year" effect on markets the way we've historically had the "January" effect and so on.
Weasled? WEASLED?
What exactly is wrong with weaseling may I ask?
Bobwins - Copper and TGB.ob/TKO.v
In light of the fact that TGB.ob/TKO.v shares have done nothing for months, have a management that issues shares like candy on halloween, continues to have labour and production problems and still hasn't produced any significant amount of molybdenum, do you still consider them a buy? A hold?
If you do still think positively about them then why? Considering all the other places to put money these days and the fact that insiders sold shares during the last runup a couple of weeks ago.
Ask EP, his charts always show up - eom
PowerPole - Institutional Holders
Do you (or anyone else) know if there's a free site to find institutional holdings from any/all exchanges, not just NASDAQ.
I used to use lionshares.com, but they seem to have dramatically updated their site lately and that particular functionality is no longer free.
Everyone invested in NG should read this interview
It's a year old, but it will make you feel so good about your decision no matter which company it was.
Let's face it, Natural Gas is going to make lots of us very rich over the next few years.
http://www.financialsense.com/editorials/powers/2004/0104.html
From energy guru Andrew Weisman
It's just some interesting tidbits about U.S. electricity consumption. It's from an interview he gave to Bill Powers in the January 4th, 2004 edition of "Canadian Energy Viewpoint" on the North American natural gas market.
----------------------------------------------
Certainly, Bill. Demand for electricity in the U.S. tends to increase every year – typically at the rate of approximately 2.2% per year. Indeed, it is virtually impossible for the U.S. economy as it is currently structured to continue growing without increased demand for electricity. Typically, over the past 10 to 15 years, each 1% growth in Gross Domestic Product (GDP) results in a 0.70 to 0.75% increase in electricity consumption.
While it is possibly that the ratio can be gradually improved over time, given the time required to rollover the existing stock of electricity-consuming equipment and devices in the U.S., realistically it will take many years to improve this ratio to even 0.65 to 1 or 0.60 to 1. As a practical matter, therefore, either we must expand our supplies of electricity or the economy will need to stop growing; it’s that simple. It is sometimes said that electricity is the life blood of our economy, and that statement is true.
Roguedolphin - TGB and the U.S./CDN Dollar
But you may have noticed over the last few months that copper (and most metals traded on the LME) tend to rise in direct inverse proportion to the U.S. dollar's decline and vice versa.
This alone might offset any rise in the value of the loonie. However, most economists up here don't see the Bank of Canada raising interest rates much this year in the same way that the Fed is planning on raising them a few times down there. The current consensus is even for a 25 point rate drop before spring. The loonie may fall a bit, but it probably won't rise much this year. I'd say 85-86 cents will probably be the peak.
And I appreciated them EP.
Are there any Canadian companies that you're currently charting and liking?
Government rules in Canada forbid buying U.S. OTC or pink sheets in a registered retirement account and unfortunately that's where my only free cash currently sits.
RSI - Willygoodshot
Are you sure that they've "installed" 100 poles?
They've put out 2 PRs lately about installing single modular poles in Atlantic Canada and in Alberta.
Are you sure he didn't say "produced"?
RSI doesn't actually install any poles, they have agreements with major utility equipment distributors like EECOL and Harwell Hesco in Canada who then sell to the utility companies. They'd be the ones to do the installations.
If they really did get that many installed recently then its big news and I'd like to know where and for which utility?
CPTC's competitor, Resin Systems up 13% today
on significant volume.
There was no news out so I don't know what the reason was and the regular group of posters on the RSI Stockhouse board don't seem to be around much anymore.
RSI is worth keeping an eye on though as they've got a bit of a head start on CPTC in the pole market and its always good to see what kind of reaction their composite poles are getting in the power and utility industries.
EP - Congratulations on CREAF
You called that boosh perfectly last night.
Up over 7% today and still going a bit after hours.
Hey Garth, if you've made it over from RB go to the Tasty Booshers board and check out the call EP made last night BEFORE the stock moved.
Bob - A nice article about Uranium miners, including Strathmore
http://www.mineweb.net/sections/whats_new/404378.htm
EP - Thanks for all these charts and data.
This charting stuff is really fascinating.
I wish I'd known about it years ago and my RB handle might not have been so appropriately "another-capital-loss".
As for "profit weasel", that's been my handle at Stockhouse for a while. I got that one from a friend. Unfortunately, every time I found a company with great fundamentals and potential I'd tell her and it would tank as soon as we both bought it. After we'd sell I'd feel too badly to tell her about any others that I bought that were even more speculative and of course, those would be the ones that would take off. To be totally accurate there should be a few expletives in front of the handle. I can still hear her. lol.
Last year I got her into OMNI at $7.00. Ouch! I sold and bought CPTC this autumn which quickly made back my OMNI loss. Unfortunately, she's still holding it and hasn't heard of CPTC. Old habits die hard.
So there you have it. My IHUB handle is a combination of the two.
Bobwins - Do you still look positively on TGB/TKO.V?
It had another rough day today on the Canadian markets.
TGB - Estimated_Prophet; I'm here!
What sort of technical indicators do you use?
Do you look at oscillators or just the patterns of the price charts?
Can you give me an example of a recent boosher and the technical signs you saw in it prior to its move?
Thanks,
ACL
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OT:acl
Glad to be able to help on the links.
I couldn't find a TGB board on RB, maybe I-Hub? At any rate, maybe you can come to my board and ask any further questions or for any opinions on other stocks.
http://www.investorshub.com/boards/board.asp?board_id=2888
TGB-to me it looks like TGB is still trying to digest their huge gain in late 03. Last week was a disappointing close for it. It is a tough read in this area. I would want to see it swing back up over 1.46(13week EMA), and close above it this week. A lot of volume has changed hands on it the past month, so it will be a great sign if it holds 1.40ish and begins moving up. Otherwise, I'd let it find it's bottom, as it may be breaking down.
I have a certain style of charting, where I look for a few particular setups that have high probabilities of exploding up. I have focused so much on this style, that I'm really not all that great at reading things outside this style. TGB has one great sign on it, and that is the 13 week EMA is above the 50 week EMA. I love playing stocks that have that. Notice how it sorta slipped below in Sept. 04, but was quickly saved. Will it squeeze together again, or is it going to bottom right here at support? Hard to say.
Kozuh - DCU
I like this part of the agreement:
"the Company has retained marketing rights but
granted Whirlpool a non-exclusive license"
It means that they can continue licensing their technology to companies like Maytag, Amana, GE, Frigidaire and any of those offshore appliance makers.
This stock could be in for a nice ride this year.
Do you know anything else about TUI.TO
The fundamentals look very good.
And the stock's really been on fire for the last few weeks.