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Hopefully, such dilutive financing will be unnecessary when the price takes off next year.
American Vanadium Announces a Private Placement of up to $1.5 Million
"The net proceeds of the Private Placement will be used for mine design, environmental permitting and general working capital."
Deal or No Deal? Hint: All the briefcases are empty
Mark Grant On Greece: "There Is No Deal Here"
http://www.zerohedge.com/news/2012-11-26/mark-grant-greece-there-no-deal-here
The rain in Spain, falls mainly on the bondholders.
Spain's banks must cut branches, bondholders to share losses: EU Commission
http://www.reuters.com/article/2012/11/28/us-eu-spain-banks-branches-idUSBRE8AR0AZ20121128
Hey! I've got it! Define the Greek austerity targets for some ridiculously far out year like 2020! Yeah, 2020! That's the ticket!
Euro pulls away from high as Greek deal relief fades
http://www.reuters.com/article/2012/11/27/us-markets-forex-idUSBRE8AP01O20121127
Deja vu all over again?
News Archive 7/22/2010
http://www.marketwire.com/press-release/trans-pacific-aerospace-company-inc-completes-prototype-manufacturing-testing-china-1294172.htm
"Based on our current schedule, we expect that bearings manufactured at the Guangzhou facility will pass the qualification testing to be performed by the U.S. Navy within the next 8-12 weeks," said McKay. "The current schedule would enable the Guangzhou facility to commence commercial deliveries in late calendar 2010 or early 2011."
Current News 11/26/2012
Trans-Pacific Aerospace Announces NAVAIR Test Approval; Adds Jason Arnold and Clairmont Griffith to Board of Directors
"Qualification is a difficult achievement to obtain and this approval is a testament to the skill and dedication of our engineering and manufacturing personnel. We do not see the remaining contingencies of packaging and facility inspection as significant hurdles to overcome, but merely procedural requirements. We are confident in our abilities to satisfy these requirements."
Three-card Monte - EU Version
Euro zone finance ministers and the International Monetary Fund began their third attempt in as many weeks to release emergency aid for Greece on Monday, with policymakers saying a write-down of Greek debt is off the table for now.
http://www.reuters.com/article/2012/11/26/us-eurogroup-greece-idUSBRE8AP05820121126
Sacre Bleu!!!!!!!! (Pardon my French)
French Bonds Drop on Moody’s Downgrade; Greek Debt Rises
http://www.bloomberg.com/news/2012-11-20/not-for-publication.html
New Record! Spanish Banks Set New Record! Maybe they'll get an award of some kind!
Bad-debt ratio at Spanish banks rises to record 10.7 percent in September
Read more: http://www.foxnews.com/world/2012/11/19/bad-debt-ratio-at-spanish-banks-rises-to-record-107-percent-in-september/#ixzz2CliY4uSO
Here's a thought. Could much of this relentless selling simply be investors rushing for the exits in order to book their capital gains in 2012 on the reasonable assumption that 2013 and beyond will be much more hostile to such income? If so, the rebound in 2013 would likely be dramatic as the focus shifts to the Federal Reserve, fiscal cliff, money supply, inflation, et cetera, et cetera, et cetera.
So, what can we postulate for the new year? Here are some distinct possibilities that would bode well for SLW.
1. The world situation will continue to deteriorate.
2. Political posturing in the U.S. WILL continue.
3. Fiscal issues will be kicked down the road in some manner.
4. The Fed will continue creating massive amounts of fiat money.
5. Governments around the world will continue to follow suit.
6. Inflation could easily accelerate.
7. Investors will be looking for safe havens and wealth protection.
FWIW from the recent 10Q
NET INCOME
$135,166
---------------------------------------------------------
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Management believes that there is sustainable cash flow potential for the near future in real estate and is actively pursuing the program. As of the balance sheet date, September 30, 2012, the Company has invested approximately $2,900,149 in surplus funds and is continuing the investing process.
---------------------------------------------------------
NINE MONTHS ENDED SEPTEMBER 30, 2012 COMPARED TO SEPTEMBER 30, 2011
REVENUE
Total revenue for the nine months ended September 30, 2012 decreased by $840,001 or 23.0% from $3,649,236 for the nine months ended September 30, 2011 to $2,809,235 for the same period in 2012. Internet sales decreased $667,864 or 23.3% from $2,859,825 for the nine months ended September 30, 2011 to $2,191,961 for the same period in 2012. Real estate sales decreased $172,137 or 21.8% from $789,411 for the nine months ended September 30, 2011 to $617,274 for the same period in 2012.
The decrease in Internet sales is attributed to the lack of acquisitions of Internet access and web hosting customers of ISPs. Although the Company continues to sign up new customers, competition from ubiquitous nationwide telecommunications and cable providers threatens significant and sustainable organic growth. To insure continued strength in revenues, the Company has acquired and plans to continue to acquire the assets of additional ISPs, folding them into its operations to provide future revenues. The new real estate division while sales are down is preparing properties for the market and is still providing a profitable revenue stream.
COST OF REVENUE
Total costs of revenue for the nine months ended September 30, 2012 decreased by $350,130 or 17.3% from $2,026,513 for the nine months ended September 30, 2011 to $1,676,383 for the same period in 2012. Cost of Internet revenue decreased $177,071 or 12.8% from $1,385,247 for the nine months ended September 30, 2011 to $1,208,176 for the same period in 2012 as a result of declining revenue. Cost of real estate revenue decreased $173,059 or 27.0% from $641,266 for the nine months ended September 30, 2011 to $468,207 for the same period in 2012. Cost of real estate revenue is a direct result of lower sales while the cost of revenue as a percentage of sales decreased 5.3% from 81.2% for the nine months ended September 30, 2011 to 75.9% for the same period in 2012.
http://secfilings.com/searchresultswide.aspx?link=1&filingid=8916845
Possibly, but that wouldn't explain the dramatic drop in most other silver investments. Whatever the explanation, it's unnerving to watch when you have significant silver and gold holdings.
DANG! I don't own it or know anything about it; I just like the sound of the trading symbol.
The drop seems excessive under any of the theories I have seen, but likely tied to a potentially strengthening dollar in the current Bizarro World economic landscape.
How's the austerity thing working for everyone?
Anti-austerity strikes sweep Europe
http://www.reuters.com/article/2012/11/14/us-spain-portugal-strike-idUSBRE8AD00020121114
This November price slide is becoming a little alarming although it could easily be entirely due to the nonstop talk about the "fiscal cliff" and economic chaos coming soon to a venue near you.
Greeks take out "Payday Loan" for credit card bill due Friday. Anything left over will be used to buy more beer
Greece Avoids Default With T-Bill Auction
http://online.wsj.com/article/SB10001424127887324556304578116530594043640.html
European Union: As a reward for all your failures, we are granting you a two year extension on the deficit reduction deadline previously written in stone.
Greece: Whateverrrrrrrr, Dad! Can we have the car tonight?
Europe Gives Greece 2 More Years to Reach Deficit Targets
http://www.bloomberg.com/news/2012-11-12/europe-gives-greece-2-more-years-to-reach-deficit-debt-targets.html
Godzilla the Greek
Greece's 'Monster' Debt Problem Haunts Europe
http://www.cnbc.com/id/49785885
Pay day, today. Then it's on to the fiscal cliff!
Quick! Someone put this magic hat over the Greek debt rat hole, and don't move it until I get back to you on Friday!
Greek Parliament OKs Austerity Budget
http://www.npr.org/blogs/thetwo-way/2012/11/11/164921619/greek-parliament-oks-austerity-budget
Good grief, Charlie Brown! This is a company mining actual physical gold, with plenty of cash, little debt, and new assets coming soon.
Call me insane, but I think this is finally the bottom and I'm buying more. I'm fully expecting a different result this time! LOL
Not much to write home about. The catalyst for upward movement will likely still be the price of gold until sometime next year.
Third Quarter 2012 Highlights and Significant Items
-- Net profit of $5.5 million, or $0.03 per share
-- EBITDA(1) of $18.9 million
-- Operating profit margin(1) of US$894 per ounce
-- Cash balance of $199 million and no debt
-- Gold production of 29,913 ounces, resulting in revised annual gold
production guidance of approximately
137,000 ounces for 2012
-- Casa Berardi enters transition phase to accommodate shaft sinking and
access to new zones
-- Successful transition from contractor to owner-operated mining at Casa
Berardi
-- Encouraging exploration results on the Heva and Hosco West Extension
areas
-- Receipt of Marban and Fayolle resource updates
The rise in price this morning was short lived, but with a good earnings report tomorrow morning, we might just see a new upward trend for a change. All bets are off, of course, if the report is not at least in line with expectations.
A Small North American Gold Stock To Ride Out The Post Election Sell-Off
http://seekingalpha.com/article/986411-a-small-north-american-gold-stock-to-ride-out-the-post-election-sell-off
Given the results of the U.S. election and the prospects for businesses in the U.S. and Europe in the coming four years, SCMR may be on the leading edge of an inovative strategy for preserving capital. If they are able to sell the remaining pieces of the enterprise for a decent price, perhaps the preserved capital won't just go down some government rat hole, but will come back to create more wealth for individuals at some point in the future, when the business environment is less hostile.
GLOOM, DOOM, BUST REPORT(AND THIS IS THE "GOOD" NEWS - YOU DON'T WANT TO SEE THE BAD)
Europe Foresees Weak Recovery Next Year
http://www.nytimes.com/2012/11/08/business/global/europe-foresees-weak-recovery-next-year.html?_r=0
"First you say you do, and then you don't; then you say you will, and then you won't'............
Mama Mia! That'sa some pricey meat-a-ball!
Italy's October SSBR Jumps to EUR13.1 Billion after ESM Payment
http://ih.advfn.com/p.php?pid=nmona&article=54848986
Our fate, at least for the short term, may be revealed on Thursday. Which will it be, rousing rocket ride or slippery slope slide? Mark your calendars, and have your favorite adult beverage at the ready - to celebrate vindication or drown your sorrow.
Aurizon Mines Ltd. (TSX:ARZ)(NYSE MKT:AZK)(NYSE Amex:AZK) plans to announce its 2012 Third Quarter financial results before market open on Thursday, November 8, 2012.
Nice little spike today, but with a volume of 2500 shares, hardly significant. However, it may be a harbinger of things to come if some of the contracts actually come to fruition.
Starpharma presenting at Bell Potter LifeScience Conference
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=93602
Austrian economics lesson in the news.
The highest unemployment rate was in Spain, where the number of jobless rose to 25.8 percent of the workforce in September from 25.5 percent the month before. Among young Spaniards, under 25 years, unemployment rose to a staggering 54.2 percent from 53.8 percent.
Austria had the lowest unemployment rate of 4.4 percent, followed closely by the euro zone's biggest economy, Germany, with 5.4 percent.
http://www.reuters.com/article/2012/10/31/us-eurozone-economy-idUSBRE89U0GV20121031
"Eco-Safe Systems USA, Inc. (PINKSHEETS: ESFS) is pleased to announce an immediate follow-up purchase order for its expansion in the Middle East."
Starpharma’s new formulations demonstrate
further improvement in crop protection
New dendrimer-glyphosate formulations demonstrate improved efficacy and rain-fastness
Higher loading formulations and soil penetration achieved
Dendrimers applicable to a wide range of agrochemical products
Melbourne, Australia; 30 October 2012: Starpharma Holdings Ltd (ASX:SPL;OTCQX: SPHRY) today announced that its new agrochemical dendrimer formulations have shown further improved features compared to commercially available products. Starpharma has conducted a whole range of new studies in its internal agrochemical program including with its lead program, an enhanced reformulation of the best-selling herbicide glyphosate (marketed under a variety of trade names including Roundup®.
The new dendrimer glyphosate reformulations have confirmed previously reported higher efficacy than existing marketed glyphosate formulations. The significance of these new results is in the potential to further broaden the conditions under which the Starpharma glyphosate formulation is effective, such as in adverse environments.
In addition to the improved efficacy referred to above, Starpharma has also recently shownits formulations to be more rain-fast compared to glyphosate formulations without dendrimer. Starpharma’s dendrimer formulations demonstrated up to a 150%-250% improvement in efficacy when rain was applied four hours after treatment with the test formulations. Glyphosate has global sales of approximately US$5 billion annually and as an off-patent chemical represents the largest opportunity for an enhanced formulation in the US$44 billion* agrochemical market.
“In addition to improving major products such as glyphosate, there are crop protection products with sales of more than $5 billion which will come off patent in the next 4-5 years. This creates a significant commercial opportunity for Starpharma’s dendrimers to deliver improved, proprietary formulations to this large and growing market,” said Dr Jackie Fairley, Chief Executive Officer.
Other recent formulation activities at Starpharma have been targeted at improving the loading of commercially important crop protection products. Using formulations that include dendrimers, Starpharma has increased the loading of one important herbicide by 50% more than formulations currently available in the market. High loading formulations generally have Page 2 of 3an improved cost of goods by reducing transport and handling costs and are sought after by both farmers and crop protection companies.
Soil penetration is also important for the performance of some crop protection products to ensure that they reach their targets. In laboratory studies using imidacloprid, a US$1BN product, Starpharma has shown that its dendrimers can tailor how this important insecticide moves by either increasing or decreasing percolation through a substrate. Common uses of imidacloprid include termite control and the control of other soil inhabiting insects.
In addition to its internal programs Starpharma continues to advance existing agrochemical partnerships, and in August announced a new Crop Protection Agreement with Nufarm. Nufarm is one of the world’s leading crop protection companies with sales in excess of A$2billion. Starpharma’s agrochemicals program has been assisted by funding under the Victorian Government’s Small Technology Industries Uptake Program (STIUP), and research is also ongoing in partnership with a number of global agrochemical companies.
*CropLife US, Phillips McDougal data
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=93402
“Unlimited does not mean uncontrolled,” Draghi said. (It all depends on what your definition of "is" is.)
Draghi Backs Schaeuble Plan for Euro-Region Budget Commissioner
http://www.bloomberg.com/news/2012-10-28/draghi-says-unlimited-bond-buying-doesn-t-mean-uncontrolled-.html
Spain sets new record!
Spain’s Unemployment Reaches Record as Bailout Looms
http://www.bloomberg.com/news/2012-10-26/spain-s-unemployment-reaches-record-as-bailout-looms.html
EKCS NEWS (As of October 15, 2012, there were 11,767,146 outstanding shares of the registrant's common stock)
Yesterday's close: .06
Current bid 2:50 CT: .083
Current ask 2:50 CT .13
Electronic Control Security, Inc. Awarded Contract Potentially Worth $7.8 Million to Supply Security Systems and Support Services for U.S. Navy
http://www.marketwire.com/press-release/electronic-control-security-inc-awarded-contract-potentially-worth-78-million-supply-otcbb-ekcs-1717387.htm
The news does indeed look good, and it came not a minute too soon, I must say. All my previous recent posts were simply highlighting the various business results sections from the recent 10K - as a brief respite from watching the grass grow around here.
EKCS may have a pulse after all.
Electronic Control Security, Inc. Awarded Contract Potentially Worth $7.8 Million to Supply Security Systems and Support Services for U.S. Navy
Electronic ControlSecurity Inc
EKCS | 10/24/2012 11:16:42 AMElectronic Control Security, Inc. Awarded Contract Potentially Worth $7.8 Million to Supply Security Systems and Support Services for U.S. Navy
CLIFTON, NJ -- (Marketwire) -- 10/24/12 -- Electronic Control Security, Inc. (OTCBB: EKCS) (ECSI), a global leader in state-of-the-art integrated entry control and perimeter security systems, today announced receipt of a contract potentially worth $7.8 million to supply security systems and support services for the U.S. Navy.
Arthur Barchenko, President & CEO of ECSI, stated, "This contract offers ECSI another vehicle through which to apply our products and services to the federal marketplace in ways that effectively address our nation's force protection requirements. The contract includes a 5-year period of performance. Anticipated task orders include requirements for electronic security systems (access control systems, intrusion detection systems, surveillance systems, command and control equipment) and support services (design and engineering, fabrication and assembly, systems integration, testing and training, logistics and maintenance support)."
Further, Mr. Barchenko commented that, "Proposals have been submitted in response to additional Department of Defense and Department of Energy security upgrade requirements with anticipated contract awards scheduled for fiscal 2013 through 2015."
Another viewpoint which suggests only $2.50/share in free cash on hand. Not sure how credible the writer is.
Sycamore Set To Close Up Shop
http://seekingalpha.com/article/289514-sycamore-networks-favorable-risk-reward-trading-near-net-cash-levels