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Hi Eik. Why is there no doubt in your mind that AURC is mining Gold in Siberia and do you have any guess as to how much?
SMC
I personally think that SMC is just starting to move. It has been decimated and it seems the Gold stocks are really moving after getting way undervalued. cl I wouldnt be surprised if your $1 prediction comes to pass with only alittle good news from the company as long as Gold ia stable.
SMC
Bought 100K shares. Will accumulate more over next several days.
SMC
cl001 I think you are right about SMC. I made alot of money on the Desert Sun and am confident with those guys running SMC. The last few months have been hard on everyone but as things recover these guys will probably come up with another big winner here.
Interesting Lebed usually pumps garbage which I do not believe GFRE is.
HBMFF? I owned this thing at $20 awhile back and sold at a small loss. Just looked at it and its $3.60.? Thats a big decline even for this market?
There is more oil in my car than this company has found in the last three years.
Gulf Resources' Receives $23 Million in Q4 Customer Orders, Revis
s 2008 Guidance
Gulf Resources' Receives $23 Million in Q4 Customer Orders, Revises 2008 Guidanc
NEW YORK & SHANDONG PROVINCE, Ch(. --(BUSINESS WIRE)----
Gulf Resources, Inc. (OTCBB: GFRE) ("Gulf" or the "Company"), a
leading manufacturer of bromine, crude salt and specialty chemical
products in China, today announced that the Company has received
approximately $23 million in customer orders for the fourth quarter of
2008, up significantly from the third quarter of 2008. The Company
reaffirmed its full year 2008 revenue guidance, and revised previously
issued net income guidance to between $20 million and $23 million.
Held in August 2008, the Olympic Games caused reductions in
customer orders during the third quarter due to official restrictions
on industrial activity in the greater Beijing area ahead of and during
the Olympic Games. In an effort to improve air quality in Beijing, the
government imposed restrictions on production at many chemical
factories in Beijing and Qingdao. As a result, some of Gulf's
customers requested to reschedule or delay the delivery of bromine
orders, adversely impacting sales in the third quarter.
As these restrictions on chemical producers have now been removed,
Gulf Resources has experienced a significant increase in its customer
orders for the fourth quarter. Placed orders for the fourth quarter
are valued at $23 million in total, with bromine products and
additives for oil and gas exploration accounting for $14.5 million and
$5.5 million, respectively. The Company's capacity utilization rate
has returned to between 75% and 80%, the utilization rate achieved
before the Olympic Games.
"We are extremely pleased to see the surge in placed orders as a
result of the revival of the chemical industry after the Olympic
Games," commented Ming Yang, Chief Executive Officer of Gulf
Resources. "Robust demand for bromine and chemical products in China
together with our rapidly expanding production capacity and increased
production efficiency will allow us to continue capturing a larger
share of the market for bromine and bromine-based chemicals. We remain
optimistic regarding our overall operational performance this year,
even though we, together with the industry in general, faced a
temporary slowdown in the third quarter."
Gulf Resources reaffirms previously issued revenue guidance for
its fiscal year 2008 financial results, with expected revenues between
$84 million and $90 million. The Company revises net income guidance
to between $20 million and $23 million from previously issued $22
million and $25 million, and diluted earnings per share in the range
of $0.20 to $0.23 from previously issued $0.22 to $0.25. This guidance
does not include the impact of any unusual charges.
"We expect net income for fiscal year 2008 to materialize lower
than previously projected mainly due to the temporary slowdown in
demand and production caused by the Olympic Games and a faster than
previously anticipated rise in raw material prices. However, since we
are currently increasing our in-house sourcing activities to better
utilize our proprietary bromine reserves in chemical production and
developing more environmentally friendly products that command higher
prices, we expect profitability of our chemical products to continue
increasing medium to long-term."
About Gulf Resources, Inc.
Gulf Resources, Inc. operates through two wholly-owned
subsidiaries, Shouguang City Haoyuan Chemical Company Limited ("SCHC")
and Shouguang Yuxin Chemical Industry Co., Limited ("SYCI"). The
Company believes that it is the largest producer of bromine in China.
Elemental Bromine is used to manufacture a wide variety of compounds
utilized in industry and agriculture. Through SYCI, the Company
manufactures chemical products utilized in a variety of applications,
including oil & gas field explorations and as papermaking chemical
agents. For more information, please visit the Company's website:
www.gulfresourcesco.com
Gulf Resources' Receives $23 Million in Q4 Customer Orders, Revis
s 2008 Guidance
Gulf Resources' Receives $23 Million in Q4 Customer Orders, Revises 2008 Guidanc
NEW YORK & SHANDONG PROVINCE, Ch(. --(BUSINESS WIRE)----
Gulf Resources, Inc. (OTCBB: GFRE) ("Gulf" or the "Company"), a
leading manufacturer of bromine, crude salt and specialty chemical
products in China, today announced that the Company has received
approximately $23 million in customer orders for the fourth quarter of
2008, up significantly from the third quarter of 2008. The Company
reaffirmed its full year 2008 revenue guidance, and revised previously
issued net income guidance to between $20 million and $23 million.
Held in August 2008, the Olympic Games caused reductions in
customer orders during the third quarter due to official restrictions
on industrial activity in the greater Beijing area ahead of and during
the Olympic Games. In an effort to improve air quality in Beijing, the
government imposed restrictions on production at many chemical
factories in Beijing and Qingdao. As a result, some of Gulf's
customers requested to reschedule or delay the delivery of bromine
orders, adversely impacting sales in the third quarter.
As these restrictions on chemical producers have now been removed,
Gulf Resources has experienced a significant increase in its customer
orders for the fourth quarter. Placed orders for the fourth quarter
are valued at $23 million in total, with bromine products and
additives for oil and gas exploration accounting for $14.5 million and
$5.5 million, respectively. The Company's capacity utilization rate
has returned to between 75% and 80%, the utilization rate achieved
before the Olympic Games.
"We are extremely pleased to see the surge in placed orders as a
result of the revival of the chemical industry after the Olympic
Games," commented Ming Yang, Chief Executive Officer of Gulf
Resources. "Robust demand for bromine and chemical products in China
together with our rapidly expanding production capacity and increased
production efficiency will allow us to continue capturing a larger
share of the market for bromine and bromine-based chemicals. We remain
optimistic regarding our overall operational performance this year,
even though we, together with the industry in general, faced a
temporary slowdown in the third quarter."
Gulf Resources reaffirms previously issued revenue guidance for
its fiscal year 2008 financial results, with expected revenues between
$84 million and $90 million. The Company revises net income guidance
to between $20 million and $23 million from previously issued $22
million and $25 million, and diluted earnings per share in the range
of $0.20 to $0.23 from previously issued $0.22 to $0.25. This guidance
does not include the impact of any unusual charges.
"We expect net income for fiscal year 2008 to materialize lower
than previously projected mainly due to the temporary slowdown in
demand and production caused by the Olympic Games and a faster than
previously anticipated rise in raw material prices. However, since we
are currently increasing our in-house sourcing activities to better
utilize our proprietary bromine reserves in chemical production and
developing more environmentally friendly products that command higher
prices, we expect profitability of our chemical products to continue
increasing medium to long-term."
About Gulf Resources, Inc.
Gulf Resources, Inc. operates through two wholly-owned
subsidiaries, Shouguang City Haoyuan Chemical Company Limited ("SCHC")
and Shouguang Yuxin Chemical Industry Co., Limited ("SYCI"). The
Company believes that it is the largest producer of bromine in China.
Elemental Bromine is used to manufacture a wide variety of compounds
utilized in industry and agriculture. Through SYCI, the Company
manufactures chemical products utilized in a variety of applications,
including oil & gas field explorations and as papermaking chemical
agents. For more information, please visit the Company's website:
www.gulfresourcesco.com
Rogue
boston1467@mail.com
Hey I made a 100 points being short FSLR in about 3 weeks and it didnt even dent my losses in my longs.
TGB is now a penny stock.
POE.V (POEFF) After watching this thing for what seems like years I just bought a nice slug of it.
GFRE = Its share price is less than its earnings. INCREDIBLE
How can this stock be at 19 cents?
This stock sells for less than its earnings?
patience... change is in the air & BIG news is coming!
Sometimesright can you tell us why you say that???
If its good enough for Lord Lenny its good enough for me. Just bought some more.
Almost bought SIL a few days ago. I think I asked about it here. The key word in my first sentence is ALMOST.
(ZACKS) ZACKS RESEARCH STORY FOR: IDEARC INC
ZACKS RESEARCH STORY FOR: IDEARC INC
================ [IAR] ZACKS RESEARCH STORY FOR: IDEARC INC ================
(IAR) IDEARC INC CUSIP: 451663108
Address not available FYE: 12 ZRANK: 4
==============================================================================
9/18 Price 52 W Low 52 W High YTD % Chg 10D % Chg 12M P/E FY1 P/E
1.08 0.90 32.95 -93.85 -37.93 0.4 0.4
==============================================================================
BROKER RATING CHANGES
-----------------------------------------------------------------------------
Sep. 18 -- Deutsche Bank Securities upgraded the rating for IDEARC INC to 3.0
- HOLD from 5.0 - SELL.
Sep. 17 -- Wachovia Securities upgraded the rating for IDEARC INC to 3.0 -
MARKET PERFORM from 5.0 - UNDERPERFORM.
After a few years finally sold this pig. Originally in at .24 but sold some around $1.25 on the takeover run. I think in the end I lost money but not alot. Done with this pig. ADIOS AMIGOS.
ACDQW
I also bought some at .25
Eik I have had the WHX on my watch list from when it was being discussed here alittle while back. It has been getting killed like everything else and looks like a good value here. What is your current opinion?
and Buddy what do you base that statement on?
Whats the pink symbol for CEN?
Money im not interested in the next 2-4 weeks. I think this could be a multi bagger in a year or two.
(Market Wire) Paramount Gold and Silver Corp. Discovers New High Grade Gold Bod
Named Clavo 66 With 26 g/t Au Over 2.2 Meters in the
Paramount Gold and Silver Corp. Discovers New High Grade Gold Body Named Clavo 6
With 26 g/t Au Over 2.2 Meters in the La Union Area at its San Miguel Project i
Mexico
CHIHUAHUA, MEXICO -- (Marketwire) -- 09/02/08 -- Paramount Gold and Silver Corp
(AMEX: PZG)(TSX: PZG)(FRANKFURT: P6G)(WKN: A0HGKQ) announces assay results of f
ur holes from its new discovery named Clavo 66 at its San Miguel Project. The L
Union area, in the southern portion of the Guazapares structure, was drilled to
shallow depths early in the project's history. A re-interpretation of the earli
r drilling based on knowledge gained from deeper exploration at the San Miguel a
d San Antonio mineralized zones, led Paramount to drill the La Union at greater
epth along the principal vein, near the better early intercepts.
Diamond drill holes LU-14 through LU-17 were drilled to intercept the La Union v
in at more than 100 meters depth below good intercepts in the first round of dri
ling. The significant intercepts are noted in the table below.
For further details visit www.paramountgold.com
--------------------------------------------------------------------------
(i)Grade
Thickness
True (i)Gold (Gold
Hole From To Interval Width Gold Silver Equiv. Equiv.)
--------------------------------------------------------------------------
Number (Meters) (Meters) (Meters) (Meters) (grams/ (grams/ (grams/ (grams x
ton) ton) ton) meters)
--------------------------------------------------------------------------
LU-14 142.00 143.00 1.00 0.50 3.58 3.00 3.64 1.82
--------------------------------------------------------------------------
175.80 176.65 0.85 0.42 1.90 6.00 2.02 0.85
--------------------------------------------------------------------------
215.30 218.65 3.35 1.68 4.55 11.00 4.77 8.01
--------------------------------------------------------------------------
283.00 284.00 1.00 0.50 2.28 9.00 2.46 1.23
--------------------------------------------------------------------------
--------------------------------------------------------------------------
LU-15 125.00 126.00 1.00 0.71 1.75 3.00 1.81 1.28
--------------------------------------------------------------------------
131.00 134.15 3.15 2.23 26.07 9.00 26.25 58.54
--------------------------------------------------------------------------
incl 131.00 133.00 2.00 1.41 37.45 12.00 37.68 53.13
--------------------------------------------------------------------------
and 133.00 134.15 1.15 0.81 6.27 5.0 6.37 5.16
--------------------------------------------------------------------------
140.9 143 2.10 1.48 3.66 2.00 3.71 5.49
--------------------------------------------------------------------------
--------------------------------------------------------------------------
LU-16 91.25 99.20 7.95 6.18 3.93 32.00 4.56 28.18
--------------------------------------------------------------------------
incl 96.00 97.00 1.00 0.78 11.40 11.00 11.62 9.06
--------------------------------------------------------------------------
--------------------------------------------------------------------------
LU-17 85.90 88.10 2.20 1.91 1.27 673 14.73 28.13
--------------------------------------------------------------------------
incl 85.90 87.00 1.10 0.95 0.03 1320.00 26.43 25.11
--------------------------------------------------------------------------
and 87.00 88.10 1.10 0.95 2.52 26.00 3.04 2.89
--------------------------------------------------------------------------
(i) calculated at 1 gram Au = 50 grams Ag
LU-14 was drilled below LU-4, extending the mineralization 50 meters deeper with
gold grades increasing at depth.
Hole LU-15 intercepted the vein 125 meters down dip from the intercept in LU-06
nd cut 2.23 meters grading 26.07 g/t Au in the main vein, the highest gold grade
in the southern half of the Guazapares structure.
Hole LU-16 was drilled approximately 50 meters to the south of LU-15 at slightly
shallower depth and showed a wide zone of precious and base-metal mineralization
(6.18m @ 3.93 g/t Au and 32 g/t Ag, plus 1.97% Pb and 1.29% Zn).
LU-17 was drilled an additional 50 meters to the south of LU-16 and intercepted
igh-grade silver and base-metal mineralization over a mineable width (1.91 metre
@ 1.27 g/t Au, 673 g/t Ag, plus 2.63% Pb and 5.81% Zn.
These four new drill holes at La Union indicate the presence of a new mineralize
zone containing areas of high gold, silver and base metals values. This new bo
y of mineralization which we designate as Clavo 66 remains open to the north and
south along strike and down dip.
Larry Segerstrom, COO of Paramount Gold and Silver Corp., commented, "these exce
lent intercepts at La Union demonstrate that the first pass drilling here and el
ewhere on the property only tested the shallow levels of the San Miguel system.
As we have drilled deeper at the San Miguel vein, the San Antonio area and now t
e La Union area, gold values have increased dramatically. All three of these ar
as remain open for resource expansion down dip and along strike. We have now fo
nd two clavos (high-grade bodies), Clavos 99 and 66, and believe that there are
ore to be found."
Quality Control
Paramount takes detailed digital photos of the entire core before it is cut by s
w to half core which is assayed at ALS Chemex's Vancouver laboratory. As part of
quality assurance, quality control (QA/QC), Paramount has put into place a detai
ed program of periodically introducing certified standards, blanks and duplicate
into the sample stream. Half-core samples are being retained on site for verifi
ation and reference purposes.
The qualified person who has reviewed this news release is Dana C. Durgin, M. Sc
Economic Geology. He is a Certified Professional Geologist (CPG #10364) with th
American Institute of Professional Geologists, and a Registered Professional Ge
logist in Wyoming (PG-2886).
Paramount Gold is a precious metals mining exploration company presently in the
arly stages of an extensive exploration program at their San Miguel project in t
e Guazapares Mining District, part of the Sierra Madre Occidental gold-silver be
t of Mexico.
Contacts:
Larry Segerstrom
Chief Operating Officer
Chris Halkai
Investor Relations
866-481-2233 / 613-226-9881
*** end of story ***
Moneyfarmer I own a number of really undervalued under loved value plays. IAR being one of them. There is no way this company isn't worth allot more than its current price.
Im thinking its time to take a really hard look at China again for some long term investments. The market has been decimated and there is very little interest. Perfect time to be sniffing around. Any other opinions?
Nice couple of days in GORO.
Yes almost all my metals stocks were up GG,BHP,TGB,AUY,SLV,GORO. Its been awhile since that has happened.
About time they upgraded AUY and GG. Of course Im not biased since I own both.
Looking at SIL. Anyone own or have an opinion? Looks really cheap to me.
Bought some GORO this morning. I missed that last move it made from around this price and dont want to do it again.
IAR = I dont see any reason why it would go bankrupt.
(BSNS WIRE) Idearc Announces Year to Date and Second Quarter 2008 Result=1
Idearc Announces Year to Date and Second Quarter 2008 Result=1
DALLAS--(BUSINESS WIRE)----
Idearc Inc. (NYSE: IAR) today announced financial results for the
second quarter and six months ended June 30, 2008.
Scott W. Klein, the Company's chief executive officer, said, "As I
complete my first sixty days with Idearc, I see opportunities
everywhere. The future is in our hands and we aren't going to accept
the economy as an excuse. It is clear that we have not made the leap
from operating as a division of Verizon to being a stand alone public
company. You will see us catch up quickly."
"Our priorities are accelerating revenue growth; right-sizing
expenses; and, creating a high-performance culture. These priorities
can best be achieved by leveraging our key assets - our customers, our
sales force and employee base and our products. We have already made
significant changes that will improve performance."
Klein continued: "The need for small and medium sized businesses
to connect with buyers is critical to our success. We have
relationships with about 800,000 businesses and while that might sound
impressive we have just scratched the surface. There are more than
12.5 million of these businesses in the United States and thousands
are launched weekly. We are streamlining cumbersome internal processes
and equipping our sales professionals with new technology to drive
sales."
"We are also changing Idearc's management structure and focus. By
centralizing and restructuring, we can eliminate complexity, maximize
efficiency, and become easier to do business with. While the changes
we have made and will continue to make will take some time to be fully
realized, I am confident we will succeed."
Financial Summary
Idearc reports financial results on a GAAP basis and on an
adjusted pro forma basis to eliminate the impact of transition and
certain non-recurring costs. The adjusted pro forma basis measures are
described and are reconciled to the corresponding GAAP measures in the
accompanying financial schedules.
On a year-to-date basis, Idearc reported multi-product revenues of
$1,529 million, a 5.1 percent decrease compared to the same period in
2007. Year-to-date Internet revenue was $148 million, a 5.0 percent
increase compared to the same period in 2007.
The Company reported second quarter 2008 multi-product revenues of
$759 million, a 5.7 percent decrease compared to the same period in
2007. The Company reported Internet revenue of $75 million in the
second quarter, a 2.7 percent increase compared to the same period in
2007.
The Company reported year-to-date earnings before interest, taxes,
depreciation and amortization (EBITDA) of $658 million, an 8.4 percent
decrease compared to the same period in 2007. Reported year-to-date
EBITDA margins were 43.0 percent, compared to 44.6 percent in the same
period in 2007. On an adjusted pro forma basis, year-to-date EBITDA
was $683 million, an 11.3 percent decrease compared to the same period
in 2007. Adjusted pro forma EBITDA margins were 44.7 percent, compared
to 47.8 percent in the same period in 2007.
The company reported second quarter EBITDA of $299 million, a 17.9
percent decrease compared to the same period in 2007. The company
reported EBITDA margins of 39.4 percent in the second quarter,
compared to 45.2 percent in the same period 2007. On an adjusted pro
forma basis, second quarter EBITDA was $316 million, a 19.2 percent
decrease compared to the same period in 2007. Adjusted pro forma
EBITDA margins were 41.6 percent in the second quarter 2008, compared
to 48.6 percent in the same period in 2007.
The Company reported year-to-date net income of $187 million, an
11.8 percent decrease compared to the same period in 2007. On an
adjusted pro forma basis, year-to-date net income was $203 million, a
17.5 percent decrease versus the same period in 2007.
The company reported net income of $76 million, a decrease of 30.3
percent versus the same period in 2007 for the second quarter 2008. On
an adjusted pro forma basis, second quarter net income was $87
million, a decrease of 31.5 percent versus the same period in 2007.
Free cash flow for the six months ended June 30, 2008 was $151
million based on cash from operating activities of $176 million, less
capital expenditure of $25 million.
Multi-product advertising sales for the second quarter declined
9.3 percent compared to 2007.
Idearc Reiterates Guidance for Full Year
Idearc is reiterating 2008 guidance, as of July 29, noting mid
single digit decline in amortized multi-product revenues and some
operating margin contraction.
Webcast Information
Idearc welcomes investors, media and other interested parties to
join Scott Klein, Idearc CEO, and Samuel D. (Dee) Jones, acting chief
financial officer, in a discussion via a webcast and teleconference
beginning today at 10:00 a.m. (Eastern). Individuals within the United
States can access the earnings call by dialing 888-603-6873.
International participants should dial
973-582-2706. The pass code for the call is: 52261634. In order to
ensure a prompt start time, please dial in to the call by 9:50 a.m.
(Eastern). A replay of the teleconference will be available at
800-642-1687. International callers can access the replay by calling
706-645-9291. The replay pass code is 52261634. The replay will be
available through August 12. In addition, a live webcast will be
available on Idearc's Web site at www.idearc.com, under the Investor
Relations tab.
POE
Really want to buy some but the chart looks so bad I cant pull the trigger.
Anybody heard anything from Hank (10bagger)? He hasn't posted since July 2?
Just picked up some at 59 cents.
Picked up some GFRE today.
Here are three companies selling for ridiculous valuations.
IAR
RVI
UCBH
All are in the wrong sectors but they have been beaten down so bad that long termer's may find some serious value here.