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Link for the CC this afternoon at 5PM EST
http://edge.media-server.com/m/p/ydkdm3c5/lan/en
Probably, but its not fair that our personal choices led to unequal outcomes, its not American.
#OccupyIhubNascarSprintCupChallenge
#NoPointsNoPeace
I think those of us who are down by 700 plus points need to band together and protest or file a class action. Pretty sure its racism or something similar. We need to demand extra points from those at the top, its obviously not fair that they have so much and we have so little, share the wealth!!!!
Sigh, I am 49th either way, equal to Dave Ruetimann in the standings, and he only has 3 starts.
Bought some more of the Jan $17 calls at .25 today
Going to hold off on projections here right now since as we have all seen no matter how much you disclaim a "projection" given on anything, it solidifies and becomes set in stone as fact to some, which leads to
"you said ______ it didn't happen - so you are a liar and everybody around you are liars."
However, you are welcome to call me anytime to discuss it further.
Dent, in answer to your question.
I was hoping to put something together more formal from the various maps/reports etc but will leave that for an official company release.
But basically the mine has been around 100 years or so, last worked in the 80's, historical production is around 1/3 oz of gold per ton and around 10 oz silver per ton. It should be up and producing 100 tons per day of ore by the end of the year, costs will be pretty low with just 5-7 guys working. Enough ore is already blocked out to keep them busy for the next several years. Progress on the rehab is on schedule.
CPRK owns 50% and is spending money on it.
Several other projects are still in the works.
Short clip of the man lift at the JC
A friend just gave me 6 tickets for the Nationwide race this Saturday!!
Still looking for free or cheap tickets to Sunday's race if anyone can't go.
18, 24, 55 please
Ya, we need her to start crusading harder.
From the Y-H-O omex board
oilgaslaw2013 • Aug 20, 2014 4:51 PM
Ryan Morris in bed with mob attorney
Been doing a little digging on Mr. Morris's law firm - Olshan Frome & Wolosky. I'm going to report this story in the manner as Mr. Morris reports his stories:
Here's a shocker for you folks. I've just found out that Mr. Morris is in bed with some pretty wise guys, and I don't mean intellectually wise.
He has been working closely for years with his law firm Olshan Frome & Wolosky (previously & Adler). It turns out that for all that time his firm, and one partner in particular, have been under scrutiny from the FBI concerning aiding Nicodemo Scarfo Jr. in the use of economic extortion and physical threats by Scarfo—allegedly a "made member" of the Lucchese crime family-- all with the intent to take control of a Texas company and loot it for millions.
David Adler, previously of Olshan, joins the ranks of his fellow indicted attorneys as a member of the newly laid off. With their shady activity brought to light I'm sure Olshan had no choice but to let Adler go lest they acknowledge that they are supportive of the brutal tactics used to attempt to bring a company to its knees. I'm sure that they wish him well though, plus they have many other 'clients' that made them offers that they can't refuse, in exchange for a little legal help to attempt to extort/bully other companies, Omex included.
Please read the below article and take in the extent of this conspiracy, for that is what it surely is in a very legal sense of the word. Feel free to take Mr. Morris' side, but be warned...the FBI is probably watching.
http://www.njlawjournal.com/id=1202663654329/Acquitted-Lawyers-Lives-Practices-Shaken-by-SixYear-RICO-Case
http://finance.yahoo.com/mbview/threadview/?&bn=b169fffe-8580-3b2a-8e73-6bf9288c4fad&tid=1408567915260-f03b59df-0810-4083-80a3-322579d27ec8&tls=la%2Cd%2C12%2C3
Im sure Fawn Hall will have shredded any evidence.....
Check out the reviews here, may have something to do with it.
http://www.amazon.com/The-Original-Soupman-Lobster-Bisque/product-reviews/B009EQI2SI/ref=cm_cr_pr_viewpnt_sr_1?ie=UTF8&filterBy=addOneStar&showViewpoints=0&sortBy=bySubmissionDateDescending
If a few more Federal Judges think like this one we should see sales spike on the M&P15
http://news.investors.com/ibd-editorials/081414-713293-judge-rules-ar15s-dangerous-and-unusual.htm?ven=rss&utm_source=dlvr.it&utm_medium=twitter
Meson is calling for their immediate demise,(not eventual) in fact the dates he predicted have passed which means at least in my opinion he has no credibility.
I have my settings to erase everything when I turn it off, only takes a couple minutes to relog into the sites I use every morning.
301 views, will be interesting to see how it goes up.
Sigh, I think I will just copy Wrinks picks for the rest of the year.
4, 16, 42 please
And it continues..,.
"Could be a savvy company, hip to the fact the SEC was targeting them on Military orders conveyed by a "rogue" agent of the FBI in between slices of pie a la mode, allowed themselves to be suspended in order to drive pps into the trip 0s where they could be scooped up toot sweet. Best theory I've come up with so far. Still waiting on my warrant to stroll into FBI HQ in DC and say, "Freeze, girls! Keep your hands where we can see 'em, and move away from those hard drives!" And don't forget the Israeli connection. It was Israeli weapons that murdered 50,000+ Nicaraguans during the Contra days. What is playing out in Ferguson now is the result of US cops receiving military training in Israel. Tear-gassing peaceful protesters and shooting them with rubber bullets, for God's sake. Chasing and arresting journalists, whew, this "New World Order" Bullshit is a global phenomenon. Shutting down BRICS is the #1 priority of the stupid TPP. Connect the dots! $ACDU"
http://investorshub.advfn.com/boards/replies.aspx?msg=105336404
I used Chuck E Cheese and their tickets from skeball etc to teach my children something about economics/scams.
3 of my kids picked up right away that it made no sense to spend $20 getting tickets to redeem for a "prize" that you could buy at the Walmart next door for .89 cents.
My youngest (he was 12 or so at the time) just could not grasp the concept.
He is 19 now and still makes boneheaded money decisions, thank God he does not have enough money to invest or he would be one of the sheep.
Their distribution is not nearly as wide as their PR's would have you believe. (Walmart etc)
I have traded the stock and wanted to try the product, I checked the 3 Walmarts in my area as well as the Piggly Wigglys, according to their website both stores are supposed to carry it but don't.
I called and asked the company about it and they said the the stores are "authorized" to carry the product but each store manager makes the decisions on what they order.
Smith & Wesson: Begging For An LBO
Aug. 14, 2014 1:33 PM ET | 8 comments | About: Smith & Wesson Holding Corporation (SWHC)
Disclosure: The author is long SWHC. (More...)
Summary
The latest NICS numbers imply stronger handgun sales YoY offset by weaker rifle sales.
Smith & Wesson's recent issue of debt at 5% along with its repurchase of shares is lowering the company's cost of capital.
The current market valuation implies an EV/EBITDA multiple of 2.5.
Latest NICS Numbers
The latest FBI statistics on adjusted firearm background checks , the best predictor of gun sales were down 4.5% in July versus 2013, by far the best year on record. Nonetheless, the checks were higher than in 2012, a better comp for the longer term growth trend. The mix in terms of checks shifted in Smith & Wesson's (NASDAQ:SWHC) favor with a 4.5% increase in handgun checks versus a 17.5% decrease in long gun checks. The data from the most recent NICS release supports CEO James Debney's prediction of sustained 5% long-term industry growth. As the smaller player in the field, Smith & Wesson also stands to gain from market share capture, a new focus of the company.
Capitalization Adjustments
Over the past few years, as cash flow has rebounded off of a bad acquisition, Smith & Wesson has taken a number of steps which have led to a better-capitalized company. The first step the company took was a debt exchange about a year ago. In that exchange the company replaced 9.5% notes with 5.875% notes lowering the interest rate by a full 38%. At the same time the company authorized the repurchase of $100 million of shares. By October, the company had completed to repurchase and authorized the repurchase of an additional $15 million of shares. Considering the company's sub-$700 million market cap, these repurchases are significant.
At the end of March 2014 the company had exhausted its repurchase funds and authorized another $30 million of repurchases. Then, in July it placed another $75 million of notes paying just 5%. In the interim the company also purchased one of its component suppliers for $23 million, a move which will be accretive in the 2015 fiscal year, and which should boost gross margins above 40%. In just a year the company has reduced the number of shares on the market, made the company more efficient, and refinanced all of its debt at a favorable rate. The company even renegotiated its revolving credit facility at a low interest rate.
Valuation
Even after taking all these steps to form a better company, Smith & Wesson trades at a forward P/E of 8.8 and at a 4.3x EV/EBITDA ratio. With a 12.5% cash flow yield and consistent growth, the company remains one of the most attractively valued companies on the market. Over the past five years it has returned close to 20% on equity and 10% on assets annually. And still, about a third of the company's shares are sold short.
As Debney, the CEO, has mentioned, 5% industry growth is sustainable over the long term. With the culmination of a CapEx cycle this year, and the vertical integration of the supplier, 45% margins are attainable in the medium term.
At the current time, the company has a cost of equity of 17.9% and a weighted average cost of capital of 15%. Until the cost of equity dips below 6%, share repurchases will remain accretive.
Even assuming 11% market returns going forwards and an exit EV/EBITDA multiple of 4.25, the shares have an implied value of close to $19. Just to give you a view of how the share could be valued in the case of a LBO I included a 5-year modeled DCF valuation table. The top row represents an EV/EBITDA multiple and the left column are costs of capital.
Implied values:
2.25
3.25
4.25
5.25
6.25
13.0%
$ 13.72
$ 16.89
$ 20.06
$ 23.23
$ 26.41
14.0%
$ 13.29
$ 16.32
$ 19.36
$ 22.39
$ 25.43
15.0%
$ 12.88
$ 15.78
$ 18.69
$ 21.59
$ 24.50
16.0%
$ 12.48
$ 15.27
$ 18.05
$ 20.83
$ 23.61
17.0%
$ 12.11
$ 14.78
$ 17.44
$ 20.11
$ 22.77
The Case For An LBO
I strongly believe that if S&W's share price remains depressed they will either be bought out or take private. LBO sponsors look for a set of characteristics in a company, all of which S&W possesses. The company is small enough at under $1 billion of EV to be taken out by a single sponsor with under $300 million in capital necessary. It also produces steady free cash flow which can be used to pay off debt. With $175 million of debt outstanding, it would not be too difficult to pay off existing debt in order to reissue it once take private. The multiples are low enough for buyers to profit both from cost cutting and multiple expansion, providing a margin of safety for the buyer. And in terms of exiting there are plenty of potential buyers in the defense sector which could be interested in taking S&W under their arms.
LBO or not, investors are getting great value in S&W. Aside from growth overseas, the company has barely penetrated international markets and the defense sector. It commands a reputable brand and has a sustainable business model which will continue to create value for shareholders or acquirers over the long term.
http://seekingalpha.com/article/2423435-smith-and-wesson-begging-for-an-lbo?uprof=44
Yes, I am covered up today but will get you guys some more info on it soon.
Agreed.
Rush weighed in today.
http://www.rushlimbaugh.com/daily/2014/08/13/why_liberals_hate_nascar
It is a year round operation.
The update went out on 7/23, I offered to send another one to anyone who missed it AND its posted on the company website, not sure how I can help anymore?
I was not aware that Indiana or New York were considered "The South"
I was involved in another Colorado gold project and was told that using an exploratory permit and just going after the high grade ore was a good strategy especially if you can follow a vein since the exploratory permits are much easier to obtain.
Not sure if that is the case with the Golden Wonder but made good sense for the project I was working with.
Its the "Souths" fault.....
http://www.breitbart.com/Breitbart-Sports/2014/08/12/Blame-South-for-Ward-Death
Everyone knows that 2 plus 2 equals purple, because ice cream has no bones......
Wonder how long the market will take to realize what a fraud Meson is?
Anyone stupid enough to fall for that should not be investing.
Odyssey Marine bids on contract to find missing Malaysia Airlines Flight 370
Monday, August 4, 2014 5:35pm
Tampa's Odyssey Marine is trying to win a contract from the Australian government to help find missing Malaysia Airlines Flight 370. The Boeing 777 took off for Kuala Lumpur on March 8 bound for Beijing. Instead, MH370 disappeared and was believed to have come down in the Indian Ocean, somewhere off the west coast of Australia. While the media storm surrounding the plane's disappearance and the loss of 239 people onboard has ebbed, the search continues.
The Australian government required all bidders to sign nondisclosure agreements, according to the Wall Street Journal. Bidders were allowed to either bid for the work by themselves or as a consortium. But an Odyssey Marine spokeswoman confirmed Monday that the company is one of the bidders. The spokeswoman said the contract would call for the company to search for the airliner's remains. If they are found, then the company would survey the area of the wreckage.
The treasure-hunting firm, which is listed on the Nasdaq, enjoyed its most recent success off the coast of Ireland. Odyssey has recovered over 110 tons of silver from the SS Gairsoppa, a British cargo ship sunk by a German U-boat in 1941. Odyssey is also recovering gold and silver from the SS Central America, which sank 200 miles off South Carolina in 1857.
http://www.tampabay.com/news/business/odyssey-marine-bids-on-contract-to-find-missing-malaysia-airlines-flight/2191447
2 9 18 please along with everyone else, was going to pick tony but i doubt his mind will be right even if he races today, sad situation.
press release
Aug. 6, 2014, 8:02 a.m. EDT
Odyssey Marine Exploration Sets Second Quarter 2014 Conference Call for Monday, August 11, 2014 at 4:45 p.m. ET
TAMPA, Fla., Aug 06, 2014 (GLOBE NEWSWIRE via COMTEX) --
Odyssey Marine Exploration, Inc. OMEX -2.66% , a pioneer in the field of deep-ocean exploration, will hold a conference call on Monday, August 11, 2014, at 4:45 p.m. Eastern time to discuss results for the second quarter ended June 30, 2014. Odyssey's 10-Q will be filed with the SEC and financial results will be issued in a press release prior to the call.
Odyssey management will host the presentation, followed by a question and answer period.
Date: Monday, August 11, 2014
Time: 4:45 p.m. Eastern time (1:45 p.m. Pacific time)
Dial-in number: 1-888-262-8797
International dial-in number: 1-913-312-0852
Conference ID: 2910101
Webcast: http://public.viavid.com/index.php?id=110281
The conference call will be webcast live and available for replay via the investor section of the company's website at www.odysseymarine.com .
Please call the conference telephone number five minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios Group at 1-949-574-3860.
A replay of the call will be available approximately two hours after the call through September 11, 2014.
Toll-free replay number: 1-877-870-5176
International replay number: 1-858-384-5517
Replay ID: 2910101
About Odyssey Marine Exploration
Odyssey Marine Exploration, Inc. OMEX -2.66% is engaged in deep-ocean exploration using innovative methods and state of-the-art technology for shipwreck projects and mineral exploration. For additional details, please visit www.odysseymarine.com . The company also maintains a Facebook page at http://www.facebook.com/OdysseyMarine and a Twitter feed @OdysseyMarine. For additional details on Odyssey Marine Exploration, please visit www.odysseymarine.com .
Forward Looking Information
Odyssey Marine Exploration believes the information set forth in this Press Release may include "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in "Risk Factors" in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2013, which was filed with the Securities and Exchange Commission on March 17, 2014. The financial and operating projections are based solely on the assumptions developed by Odyssey that it believes are reasonable based upon information available to Odyssey as of the date of this release. All projections and estimates are subject to material uncertainties, and should not be viewed as a prediction or an assurance of actual future performance. The validity and accuracy of Odyssey's projections will depend upon unpredictable future events, many of which are beyond Odyssey's control and, accordingly, no assurance can be given that Odyssey's assumptions will prove true or that its projected results will be achieved.
CONTACT: MEDIA CONTACT:
Liz Shows
Odyssey Marine Exploration, Inc.
(813) 876-1776 x 2335
lshows@odysseymarine.com
INVESTOR RELATIONS CONTACT:
Ron Both
Liolios Group, Inc.
(949) 574-3860
OMEX@liolios.com
The oil stains in the driveway of his house suggest maybe his cars were not in the greatest shape.
https://www.google.com/maps/@27.503216,-82.469646,3a,82.7y,198.7h,88.29t/data=!3m4!1e1!3m2!1sYgZSZBlq96reiGlTFdwOSQ!2e0
The negotiations with unsecured creditors are going well and I expect to be able update you guys soon.