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EKCS currently up over 100% on the following news:
Electronic Control Security, Inc. Awarded U.S. Navy Prime Contract
http://www.marketwire.com/press-release/electronic-control-security-inc-awarded-us-navy-prime-contract-otcbb-ekcs-1760222.htm
EKCS - Large contract news
http://investorshub.advfn.com/boards/board.aspx?board_id=3275
Electronic Control Security, Inc. Awarded U.S. Navy Prime Contract
The contract ceiling is $249,590,000 and includes a base year period of performance and four one-year options. There are 13 awardees under the contract. The scope of this contract covers the entire spectrum of non-inherently governmental services and solutions (equipment and services) associated with the full system lifecycle support including research, development, test, evaluation, production and fielding of sustainable, secure, survivable, and interoperable Command, Control, Communications, Computers, Combat Systems, Intelligence, Surveillance, Reconnaissance (C5ISR), information operations, Enterprise Information Services (EIS) and space capabilities.
http://www.marketwire.com/press-release/electronic-control-security-inc-awarded-us-navy-prime-contract-otcbb-ekcs-1760222.htm
EKCS has always had an impressive customer list and this announcement is no exception. Now let's see if they can finally move something impressive to the bottom line.
I'm having trouble understanding the drop to this range with a proposal on the table worth $4.65. I suppose Alamos could withdraw or modify the offer, but how likely is that given the interest purportedly shown by other potential suitors? The high drama from the Fed this week naturally spooked the PM markets, but Aurizon looks like a relatively safe bet at this level, and with the Philly Fed Business Outlook coming in at -12.5 vs +1 expected, there is now a gaping hole in that hawkish talk about reining in QE-forever. Someone please enlighten me on where I'm going wrong.
Dear Government Twits,
Just don't sell our goats and chickens. We need the meat, milk and eggs.
Sincerely,
The Greek People
Qatar Said to Discuss Purchase of Resort From Greek State
http://www.bloomberg.com/news/2013-02-21/qatar-said-to-discuss-purchase-of-resort-from-greek-state.html
Aurizon Announces Consent Order by BC Securities Commission That Allows Aurizon's Shareholder Rights Plan to Continue Until March 4, 2013
http://www.marketwire.com/press-release/aurizon-announces-consent-order-bc-securities-commission-that-allows-aurizons-shareholder-tsx-arz-1757905.htm
From the 10Q
Subsequent Event – Contract Award
On January 17, 2013, we were advised that a contract was awarded to ECSI’s team, of which ECSI is small business prime contractor, for support and technology services to the Department of Defense (“DoD”). The cumulative contract ceiling of the award to include thirteen prime contractors and their respective subcontractors is $249,000,000 over five years. The contract is an Indefinite Delivery Indefinite Quantity (“IDIQ”) contract, and the work to be performed under it will be awarded to the thirteen teams on individual task orders on a competitive basis. With its subcontractors, ECSI has a strong competitive team; however, there is no assurance that ECSI will be awarded work under any task orders on the contract.
The contract is in response to initiatives promulgated by the DoD and other Government agencies, require engineering development, design, procurement, fabrication of entry control and perimeter detection technologies, installation, information assurance, logistics, maintenance, and life cycle support services for Infrastructure Protection purposes. These systems will support the operational requirements of high value DoD and other Government agencies where security is of high or vital interest.
From the 10Q
RESULTS OF OPERATIONS
COMPARISON OF THE SIX AND THREE MONTH PERIODS ENDED DECEMBER 31, 2012 COMPARED TO THE SIX AND THREE MONTH PERIODS ENDED DECEMBER 31, 2011
REVENUES. We had net revenues for the six months ended December 31, 2012 of $854,178 compared to $1,667,000 in the corresponding period in 2011, representing a decrease of approximately 49%. Revenues for the three months ended December 31, 2012 were $422,104 compared to $552,569, representing a decrease of approximately 24%. The decreases in net revenues in the six and three month periods ended December 31, 2012 compared to the corresponding periods in 2011 are primarily attributable to a decrease in deliverable products and support services billings resulting from continuing delays in release of funding at the Department of Defense and Department of Energy on projects where we serve as a subcontractor as well as at other customers. The budget constraints and budget uncertainty at the U.S. government agencies have significantly reduced the issuance of orders and delayed projects for all participants in our industry.
GROSS MARGINS. Gross margins for the six months ended December 31, 2012 were 56% as compared to 47% for the corresponding period in 2011 and the gross margins were 59% for the three months ended December 31, 2012 as compared to 16% for the three months ended December 31, 2011. The increase in gross margins for the six and three month periods of 2012 compared to the same periods in 2011 is primarily attributable to a change in the mix of equipment sales and support services billings and a reduction in personnel costs due to the lower revenues, partially offset by the decrease in revenues discussed above.
RESEARCH AND DEVELOPMENT. Research and development expenses were $46,794 and $21,863 for the six and three months ended December 31, 2012, respectively, compared to $69,011 and $34,505 for the corresponding six months and three months, respectively, in 2011. The reduction in research and development expenses was due to reductions in personnel costs.
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES. Selling, general and administrative expenses were $489,060 for the six months ended December 31, 2012 compared to $860,011 for the corresponding six months in 2011. Selling, general and administrative expenses were $249,255 for the three months ended December 31, 2012 compared to $336,876 for the corresponding six months in 2011. The decrease in selling, general and administrative expenses during the six month period ended December 31, 2012 as compared to the corresponding period in 2011 is primarily attributable to an increase in 2011 in our allowance for doubtful accounts in the amount of $200,000. In the six and three month periods ended December 31, 2012 as compared to the same periods in 2011, the other components of the selling, general and administrative expenses decreased by 26% primarily due to reduced personnel costs.
STOCK BASED COMPENSATION. From time to time, we issue stock options to our directors and employees and consultants. In the quarter ended December 31, 2011, we recognized expense for stock based compensation of $96,815. Stock-based compensation is non-cash and, therefore, has no impact on cash flow or liquidity. We issued no stock options in the six and three month periods ended December 31, 2012.
LOSS FROM OPERATIONS. The loss from operations for the three months ended December 31, 2012 of $(23,465) compared to a loss of $(377,822) for the corresponding three months of 2011. The decrease in the loss from operations during the three months ended December 31, 2012 compared to the same period in 2011 was primarily attributable to the 2011 increase in the allowance for doubtful accounts of $200,000, the 2011 stock based compensation of $96,815 and to reductions in personnel costs in 2012. The loss from operations for the six months ended December 31, 2012 was $(56,317) compared to a loss of $(245,813) for the corresponding six months of 2011. The decrease in the loss from operations during the six months ended December 31, 2012 period compared to the same period in 2011 was primarily attributable to the 2011 increase in the allowance for doubtful accounts of $200,000, the 2011 stock based compensation of $96,815 and to reductions in personnel costs in 2012. In the six months, these items were partially offset by the higher revenues in the six months of 2011.
Aurizon Reports Mineral Reserve Replenishment and an Increase in Underground Reserve Grade of 6% at Casa Berardi Mine
http://www.marketwire.com/press-release/aurizon-reports-mineral-reserve-replenishment-increase-underground-reserve-grade-6-casa-tsx-arz-1757197.htm
Dare we dream today's action has something to do with the upcoming second quarter report?
Too bad the new anti-gun laws restrict the G7 to toy cap guns with silencers.
G7 fires warning shot over currencies, Japan sanguine
http://www.reuters.com/article/2013/02/12/us-g7-forex-idUSBRE91A0FS20130212
Hearing before the British Columbia Securities Commission on Feb 18th.
Aurizon Announces Hearing on Shareholder Rights Plan
http://seekingalpha.com/news-article/5580341-aurizon-announces-hearing-on-shareholder-rights-plan
Let them eat horse! (EU government twits in a twit)
EU officials to meet about horsemeat scandal
http://www.cnn.com/2013/02/11/world/europe/uk-horse-meat-probe/
Welcome to any RB posters looking for refuge from spammers who appear to have hijacked the FPFX board there.
That's certainly something to look forward to, but the total number of dollars in circulation, i.e. M3, will be the real kicker. Watch for the "hockey stick" effect, coming soon to a Federal Reserve near you.
Sorry, Tjude, I spend my time on more productive investments lately, but this board might come alive again should the FPFX RICO trials get underway this year. I still monitor the RB board, and you are right about the spammers! I tried reporting each and every one of them, but the effort didn't appear to make much difference.
I wonder where he's putting the proceeds?
(Reuters) - Google Inc Executive Chairman Eric Schmidt is selling roughly 42 percent of his stake in the Internet search company over the coming year, Google announced on Friday.
http://www.reuters.com/article/2013/02/08/us-google-schmidt-idUSBRE91712W20130208?feedType=RSS&feedName=technologyNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtechnologyNews+%28Reuters+Technology+News%29
Maybe we could ask them to pay in gold rather than dollars.
Electronic Control Security, Inc. Awarded Series of Purchase Orders Totaling $1.6 Million to Supply Security Equipment for the Kingdom of Saudi Arabia's Frontier Forces
http://www.marketwire.com/press-release/electronic-control-security-inc-awarded-series-purchase-orders-totaling-16-million-supply-otcbb-ekcs-1754755.htm
In my previous post, I was not referring to any insider selling for SLW. I was referencing the significant insider selling of stocks in general which has been recently reported. Sorry, it I caused any confusion.
This may be huge, and coupled with recent insider selling, Germany's request to repatriate their gold, central banks around the world buying gold, changing gold to "tier 1 asset status" at Basel III, financial bubbles everywhere you look, and the political instability around the world, there seems to be a fairly clear picture forming. When it will dawn on the inattentive masses may be the only real question at this point.
CME Cuts Gold, Silver, Platinum And Copper Margins
http://www.zerohedge.com/news/cme-cuts-gold-silver-platinum-and-copper-margins
Credit Suisse Price Target:
Credit Suisse upgraded Silver Wheaton (NYSE: SLW) from Neutral to Outperform and raised the price target from $47.00 to $49.00.
Don't Worry; Be Happy! Just print some Euros! Look how happy they are in Japan!
Mario Draghi Is Not Happy About the Strong Euro
http://www.businessweek.com/articles/2013-02-07/mario-draghi-is-not-happy-about-the-strong-euro
Follow the link below this Seeking Alpha article and go directly to the comments posted by seemingly savvy investors who are expressing a certain sentiment which may be growing.
Dealing a blow to precious metals, the Chicago Fed's Charles Evans - as dovish as they come -...
Thursday, February 7, 9:30 AM ET
Dealing a blow to precious metals, the Chicago Fed's Charles Evans - as dovish as they come - tells CNBC QE could end before unemployment sinks to 7%. As for the 6.5% unemployment rate that might trigger rate hikes, Evans doesn't see that happening until mid-2015. GLD -0.7%, SLV -1.5% premarket. The dollar gets a bid as well, UUP +0.4% premarket.
http://seekingalpha.com/currents/post/812261?source=email_rt_mc_readmore
From Seeking Alpha:
"As mining companies suffer through rough market conditions, royalty and streaming counterparts...
Thursday, February 7, 10:20 AM ET
As mining companies suffer through rough market conditions, royalty and streaming counterparts such as Silver Wheaton (SLW) are taking advantage. With the $1.9B acquisition of gold streams from Vale, TD Securities thinks SLW "has potentially cracked the previously dormant streaming market with the global mining majors... open[ing] up a potentially significant source of deal flow for the company."
http://seekingalpha.com/currents/post/812571?source=email_rt_mc_readmore
American Vanadium (AVCVF) presenting at conference:
Strategic Mineral Experts to Gather in Toronto April 21-22 for the 2nd Annual Technology Metals Summit-Renewable Energy: the next industrial revolution
http://www.marketwire.com/press-release/strategic-mineral-experts-gather-toronto-april-21-22-2nd-annual-technology-metals-summit-1753404.htm
Meanwhile in France (again):
Steelworkers clash with riot police outside French-based EP
http://www.presstv.ir/detail/2013/02/06/287667/steelworkers-police-clash-at-french-ep/
Meanwhile in Spain:
Political Corruption Protests in Spain
http://worldnewscurator.com/2013/02/02/political-corruption-protests-in-spain/
Meanwhile in France:
Farmers blast environment rules in French street protests
http://www.reuters.com/article/2013/01/16/us-france-farmers-idUSBRE90F13J20130116
Meanwhile in Greece:
Greece ends seamen walkout but other strikes persist
http://www.reuters.com/article/2013/02/06/us-greece-food-idUSBRE9150PZ20130206
From The Motley Fool:
A Monumental Score for Silver Wheaton
http://www.fool.com/investing/general/2013/02/06/a-monumental-score-for-silver-wheaton.aspx?source=itxsitmot0000001&lidx=1
Second quarter results should be out next week. Then you may go back to sleep.
Silver Wheaton raised to outperform from neutral by Credit Suisse.
We are closing in on 3 million shares and the price is holding up well as if it might close above $37. Of course, the typical pattern is for a drop in price near the close followed by an after hours slight uptick. A high of the day close would probably be quite significant.
Silver Wheaton acquires gold streams from Vale's Salobo and Sudbury mines
VANCOUVER, Feb. 5, 2013 /CNW/ - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX, NYSE:SLW) is pleased to announce that it has entered into a binding term sheet to acquire from a subsidiary of Vale S.A. ("Vale") (NYSE:VALE) an amount of gold equal to 25% of the life of mine gold production from its Salobo Mine, located in Brazil, as well as 70% of the gold production, for a 20-year term, from certain of its Sudbury Mines located in Canada.
The Company will pay Vale total cash consideration of US$1.90 billion, plus 10 million Silver Wheaton warrants with a strike price of US$65 and a term of 10 years1. US$1.33 billion will be paid for 25% of the gold production from Salobo, while US$570 million will be paid for 70% of the Sudbury gold production. In addition, Silver Wheaton will make ongoing payments of the lesser of US$400 (subject to a 1% annual inflation adjustment from 2016 for Salobo) and the prevailing market price, for each ounce of gold delivered under the agreement.
http://ih.advfn.com/p.php?pid=nmona&article=56157953
Conference call just ended. Volume over 2 million now.
Per conference call: High confidence in long term growth of this acquisition.
Per conference call: Dundee Securities, what about the silver?
Answer: there is some silver but the concentrates are very close to the payable factor and thus was not feasible. No change in direction and SLW will be looking for attractive deals in silver. Not shifting focus on silver.
Per conference call: JP Morgan, logic behind going into gold?
Ans: Main concern is shareholder value. Still more optimistic about silver, but not averse to appealing opportunities in gold. Size fit for SLW
Per conference call: CIBC Interest rate for funding?
Answer: Somewhere around 2% estimated.
Per conference call: CIBC, Tax position?
Canadian mine will be subject to Canadian Income Tax and will be depreciated. No taxes until up front subsidy exhausted.