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I think you maybe right surf
The delays in getting Magog set up 100% for long term growth, and hopefully being a cookie cutter set up for any and future plans will be well worth the delays we experienced
Malaysia Dump
Not sure where this is but hopefully SRI is able to help them out
http://srielastomers.com/about
Thanks winningstock
This is a good sign for Magnum , we now need a series of new contracts some big and some small, more revenue in the kitty , will allow them to hire another shift and evenetually maybe go 24 7
Can anyone put a value on this contract 15,000 pounds of buffings whats the going price for these buffings????
Rubber Plant
Anyone know the status of these parts????
The Company also announces the scheduled delivery of customized state-of-the-art Nugget and Crumb Rubber equipment for the completion of our rubber nuggets and crumb rubber production plant. These remaining components are expected to be delivered in late January and operational soon after. This high performance equipment was also specially customized for Magnum to accommodate production of its current contracts, as well as, provide the ability to produce fine rubber powders with the addition of equipment now under development by Sekhar Research.
Delays
For some of you newbies , there have been many delays of late and thats probally why were at .47 or so and little buying.
The 4 bufferes were delayed we were supposed to get 4 than we got 2. The last OTR buffers were scheduled to arrive by mid Nov and got them end of Dec,throw in XMAS holidays.
Saying that all things should start to ramp up and actual shipments going out , no more testing, in reality that plant has come along way since first pictures of empty building
Good Base
Being formed in this range here, once the e comes off we should make a move
Products
Not sure how new but under products on web site there is a bunch of pictures now first time i saw it
Hi surf
The Tech Wreck, is back in 2000 whatever, when all the internet stocks crumbled i thought that thye changed the rules as most stocks were under $5 and would not remain listed.
MDOR hopes to get listed there all in time , i think they have a good shot
Patch
1 of the last NR,s of mdor they state they hope , wish plan etc to move to NASDAQ
That $5.00 mark may not be still valid after the tech wreck i think they gave some leeway not sure though
NASDAQ Qualifactions
http://www.nasdaq.com/about/nasdaq_listing_req_fees.pdf
On a Positive Note
Those OTR buffers must be running now, hopefully they can start running 2 shifts a day soon.
did the co. have anything else to add as to how things are going and will audit be done as per NR Thanks
The Audit
Should be filed by Feb 1 according to last NR, so hopefully by this Friday, than the e comes off
Magnum Auditing firm
Weinberg & Company, P.A. Ranked Among the Country's Top Audit Firms
Weinberg & Company has been ranked #40 among America's Top 100 Auditors. In addition,
the Firm ranks second among the top five firms headquartered in South Florida; and equally
high in the Los Angeles marketplace, where they also have a significant presence.
The report, released by Who Audits America, Menlo Park, California, based its research on
three categories: a weighted ranking of total clients, total sales audited, and average sales per
public client audited.
Having experienced additional growth since the report was researched and published, the
Shareholders at Weinberg & Company are confident that more companies will continue to
recognize the talent, service and value that Weinberg & Company offers this sector.
"We've always been well positioned to do this work," says Bruce Weinberg, Shareholder. "We
service our clients as well as anyone in our market areas and are committed to working with the
small and mid-size public company. With offices in Boca Raton, FL, Los Angeles, CA and
overseas in Hong Kong, there is no business or challenge we cannot support."
Weinberg & Company, P.A. has offices in Boca Raton, Florida; Los Angeles, California; and
Hong Kong. They specialize in providing audit services to public and private companies
worldwide, as well as providing tax planning and preparation services to business owners.
For more information on how Weinberg & Company can assist you or your clients, do not
hesitate to contact Bruce Weinberg a
Those bags all appear to be loaded on skids, and it looks like they have a couple of trailer loads ready to go, different pictures shows rows of these bags
Interesting airing in China and Canada too
Magnum's North American television broadcast will air on CNBC and Fox Business Network to a combined audience of 114 million cable households. Magnum's 3-4 minute segment will air twice on Hong Kong's Asia Television. It will also air twice on Canada's DirecTV Dish Network. Magnum's segment will also be included in the curriculum of various colleges and universities throughout the country.
Not that this will do much, but looks like these guys will be covering featuring MDOR
http://www.microcapmedia.com/
Good Pick up surf
I presume in the next 2 months we will have the our Planet airing and than the CNN /Fox distibution. Gotta think that will get us some retail buying
looking at pictures the white bags appear to be now skid size, and 1 picture if you look at back wall looks like there is alot of bags ready to go
Check out website
More pictures and some more big tires its coming together
Retread Market
Goodyear Canada said Wednesday it will build a new industrial tire retread plant in North Bay by the fall of 2008 to meet growing demand for retreaded tires from the construction, mining, forestry and recycling sectors.
The impact on the workforce at the current plant in the central Ontario city was not disclosed.
Goodyear Canada, a unit of U.S.-based Goodyear Tire & Rubber Co. (NYSE:GT), said that about 18.6 million retreaded tires were sold in North America in 2006, with sales of more than $3 billion. The sector helps divert scrap tires now winding up in landfills.
The Toronto-based Canadian subsidiary has operated a retread plant in North Bay for 21 years and did not say how many new workers might be needed at the expanded operation.
Goodyear Canada, with 4,000 employees, has manufacturing plants in Ontario, Quebec and Alberta.
In another development Wednesday, parent company Goodyear Tire & Rubber Co. said it has tentatively agreed to keep its corporate offices in Akron, where the biggest U.S. tire manufacturer was founded in 1898.
The company announced a redevelopment of about 84 hectares near downtown Akron that will replace its present headquarters and keep thousands of jobs in the industrial Ohio city.
``This is a major milestone for the future of Goodyear and the Akron community,'' Robert Keegan, Goodyear's chairman and chief executive, said at a news conference.
He said the deal ``will keep Goodyear's worldwide headquarters in Akron for decades to come.''
The deal calls for Industrial Realty Group, a Downey, Calif.-based, to buy the Goodyear property, build the new headquarters and then lease it to Goodyear. Industrial Realty has a history of remaking old U.S. industrial sites.
Stuart Lichter, president and senior managing partner of IRG, estimated about US$700 million of private capital will go into the project, which is linked to an array of public incentives and will include other office buildings and shops.
Chan
Hopefully this guy can help with mdor growth a nice looking background
W. Howard Chan
Director
Magnum d'Or Resources, Incorporated
Ft. Lauderdale , FL
Sector: BASIC MATERIALS / Industrial Metals & Minerals
59 Years Old
W. Howard Chan was formerly a Judge in the Civil Court and Criminal Court of New York and a Law Professor developing legal institutions in China since 1978, Judge Chan was senior advisor to China's governmental Ministries and agencies engaged in developing international trade, infrastructure development projects, real estate development projects, direct foreign investments and resolving international trade, investment & securities disputes. As an international attorney and partner at the international law firm Graham & James and associate attorney at Haight Gardner Poor & Havens, Judge Chan specialized in international commercial, real estate, corporate and financial transactions ranging from energy resources development, to real estate development, construction and finance, and international transportation development & finance in the aviation and maritime fields. Judge Chan was engaged in international development of high technology, information technology and internet companies in China and the U.S. As an entrepreneur, he started companies in wireless telecom, assisted living technologies, online trading and securities industries in Florida. Judge Chan is a licensed New York Real Estate Broker, a licensed Florida Real Estate Salesperson, and a licensed NASD Registered Representative Series 7 and Series 63 stockbroker. Judge Chan was certified a Mediator by Supreme Court of Florida and is one of the few Americans appointed to China's official Arbitration Commission to arbitrate international commercial disputes in China. Judge Chan was appointed to NYC Community Planning Board #1 covering Lower Manhattan and served many years on the planning and development of Battery Park City. Judge Chan founded the Little League Baseball and Youth Soccer League Programs at Battery Park City and helped develop the playing fields, waterfront & marina recreation areas. Judge Chan graduated with honors from Columbia College, B.A. '73 and Columbia Law School, J.D. '76.
Saw Obama doing an interview in an Ohio plant Friday, it was aplant building wind turbine parts of some kind , the comment was a new plant creating jobs in the green economy. I was thinking this could have been a mdor plant at some point
Feb and March
Could prove very interesting if MDOR executes as they hope too, this could lay the ground work for a NASDAQ listing in 2010
Next pictures from mdoe i would like to see a picture of 4 buffers with 4 different people operating them
Yes richie and Pat
I tink thats why Magnum maybe a success Obama wants to create jobs, no doubt States in the USA will be offering grants and welcome MDOR if they can create jobs and clean up tires, which are being stockpiled and that pile is forecasted to grow till 2015
Not sure if it entails future planned production
"We recently received another load of tires and have formed over 5 strategic partnerships for tire supply & stock feed. We have secured a number of solid tire resources in order to plan for our rapid growth and future at Magnum, probably enough to last us 5 years, and at full production
another point is that they have secured to date a 5 year supply to meet all production plans for the next 5 years
gotta like it free tires and nothing goes to waste
Check it Out!!!!
Some new action shots on web site, theres folks working away, this looks like 1 monster plant, nice work mdor.
Got some Big tires on hand
SRI
I see sri web site changed i believe headline now states
Break through Technologies in Rubber Processing
Last time i checked the had tires floating down a river
frozen substrate processing pilot plant
Can someone explain to me what this is in last Nr
Tentative expansion plans include: Additional equipment installation in Magog, Canada to facilitate rubber powder and specialty blend elastomer production; cryogenic and assimilated frozen substrate processing pilot plant; US facilities to further support contract obligations; Malaysian facility expansion and market penetration; joint venture agreements with targeted companies to complement our growth strategy; and, the establishment of a centralized corporate office.
Plain and Simple
The company needs to deliver!! Alot of things pending as per Glusic, but things take time the domino effect is in place i believe once one domino is broken (piece of news that is needed for everything else) than the flood gates open
i would not read too much into that as its been like that forever and sellers always appear, its good though to see the bid firming up with the right news we could gap up in time
Obama
Obama,s economic direction to create jobs, in the green economy in general bodes well for mdor in a samll definetly can,t hurt,
I wonder how many people will be hired in total at Magog
4 buffers 4 people, 2 shifts 8 people say with 2 gophers peer shift for starters til the rest of plant gets set up
No idea
Not sure if ome of you saw this article
Saving the planet, one tire at a time?
July 2, 2008 - Exclusive By Carli Ghelfi, Cleantech Group
Email this page print reprint Similar stories
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Rubber, water and waste get investor interest
Rubber recycler Magnum D'Or Resources gets nice stock bounce on $131M in contracts. Now it needs to start producing.
Fort Lauderdale, Fla.-based Magnum D’Or Resources (OTCBB: MDOR) today announced a contract extension with National Sales and Supply (NSS) for rubber shards made of recycled tires, sending shares of the pennystock company up 32 percent today, to close at 33 cents.
The five year, $40 million contract is an extension of previous $12.5 million deal with NSS, Magnum founder and chairman Chad Curtis told Cleantech Group.
According to Curtis, NSS recently signed a contract with Wal-Mart to distribute rubber nuggets to all its U.S. stores.
“Magnum is looking to be NSS’s key, if not largest distributor [of rubber nuggets],” said Curtis.
Rubber nuggets and rubber buffings, made from recycled tires, are the “green” answer to mulch, the wooded material most commonly found in playgrounds and landscaping.
Two months ago, Curtis said the company signed a separate $91 million mulch contract for rubber buffings with NSS, one of the largest suppliers of mulch in North America.
Yet, interestingly, with $131 million in contracts, the company isn’t exactly producing the nuggets nor the buffings—not yet, anyway.
Earlier this year Magnum received approval for its $19 million production facility in Magog, Canada, and is currently shipping equipment from its German partner, ARTech Recycling Technick.
Michel Boux, general manager and senior engineer with Magnum explained the company expects to begin producing buffings in its Canadian Crumb Rubber Plant within the next month and a half, with nuggets in production within the next three months.
According to Curtis, the Magog-based plant will be its first of many plants the company will have in North America, and noted the next plant location would likely be in Florida.
As the company’s main adviser, Curtis noted that the rubber mulch market was just the beginning for the company that has experienced several transitions since its inception in 1999.
“Magnum will rapidly expand and be the largest [mulch] supplier in North America,” boasted Curtis. “We’ll also be moving into powders.”
According to Curtis, the company plans to make “high quality rubber powder and thermoplastics elastomers (TPE).”
With powders, the company will be able to do thermal plastic replacements, ultimately reducing the cost for plastic by up to 40 percent, explained Boux.
“We’ll be able to mold and produce specific types of products such as replacement parts for your car or laptop,” continued Boux.
“We will grow, but what’s going to make Magnum in the market in the near term are nuggets and buffings,” added Curtis.
According to the two men, there are currently no other public companies producing nuggets, buffings and powders.
Companies like Lakin Tire and PermaLife recycle tires, and the latter offers colored rubber mulch, but apparently not in the quantity that Magnum promises.
In terms of powder, Naples, Fla.-based Lehigh Technologies said it’s currently recycling rubber into powder, and has a recent venture round of $18 million to prove it (see Rubber, water and waste get investor interest).
“Our distinction is after the powder is made,” said Curtis. “It’s what we do with the powders. Nobody will be able to do what we’re doing.”
“We make rubber, but we can make things from injection molding.”
Curtis said he sees Magnum eventually spinning out some of its nugget and buffing business to focus on producing powder.
“We’ll be a key player,” boasted Curtis.
In terms of dollar amount, Curtis and Boux said powder costs $1000-2000 per ton, buffings cost $380-700 per ton and nuggets cost $200-400 per ton.
“Our plant will be able to produce roughly 15,000 tons of powder,” emphasized Curtis.
“Come this time next year, we’ll be producing powders.”
THANKS Rich
Any word how many shifts are running and when 2 shifts will be added
Time
May be Running Out to get into MDOR before she finally moves
The Magog plant better be at a point of having at least 2 shifts running
The parts for the completion of nugget line and fine rubber will arrive soon.
There have been many things that should have happened by know and if they finally come to bear we could move
Nothing guarnteed though
mak
Did he not buy shares in the open market too at higher prices