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GW...if institutional & mutual fund owners hold 100% or the shares and 104% of the float....who did I buy my shares from?????? LOL!
I guess fron the "Holders With Activity: 212 59,136,584 shares"
http://finance.yahoo.com/q/mh?s=GW
% of Shares Held by All Insider and 5% Owners: 5%
% of Shares Held by Institutional & Mutual Fund Owners: 100%
% of Float Held by Institutional & Mutual Fund Owners: 104%
Number of Institutions Holding Shares: 171
Winter, High Oil Costs Cause Global Chills
(Buy wood stove and long underwear companies????)
Friday November 25, 6:15 am ET
By George Jahn, Associated Press Writer
Winter Weather, High Heating Costs Cause Worldwide Chills for Consumers on a Budget
VIENNA, Austria (AP) -- Long underwear in South Korea, extra sweaters in U.S. classrooms, rising sales of wood-burning stoves in Denmark. Winter is here, and because of a spike in heating costs, people from Tokyo to Toledo are looking for alternatives to oil.
Heating oil and other energy prices are up to 40 percent higher than three years ago. That translates into bad news for Northern Hemisphere consumers whose budget is already stretched by a summer of high prices at the gasoline pumps -- and into opportunities for those who cash in on the cold.
In South Korea, where a vigorous save-energy campaign is under way, the clothing industry expects a 10 percent rise in profits from sales of warm apparel. But not only manufacturers see an opportunity.
"We have seen a lot of thefts of heating oil ... stolen from private properties and construction sites," says Peter Josephsen, a police officer in Ringkoebing, 140 miles west of Copenhagen.
Henrik Sloth, who sells wood-burning stoves and fireplaces in Roskilde, also west of the Danish capital, says sales are "smoking hot." And Denise Henry, whose family deals in firewood in France's Bourgogne region, says "the phone is ringing off the hook."
The high-tech heating industry in Austria also has benefited. One company, EVN Fernheizwerk, recently hosted a Japanese delegation that had brought with it tons of wood waste by ship and rail, and said the visitors were impressed that so much energy could be produced from what is normally thrown away in Japan.
Energy costs are grist for publicity stunts, such as the one at a Tokyo fashion show that featured the "Warm-Biz Bra," complete with reheatable gel pads and a sensor that flashes and buzzes if the room temperature goes above 68 Fahrenheit. Triumph International, the European lingerie company that created the bra, has no plans to market it.
In Germany, unusually warm weather had been leaving some people cold. The country's petroleum marketing board estimated a few weeks ago that household heating oil tanks were only about 60 percent full, with customers apparently waiting for prices to fall. Germans can even sign up to receive text-messaged tips on where to buy bargain-price oil.
The South Korean government is urging people to wear long underwear and is running a campaign called Nan 2018 -- the Korean word for "I am" that is also the Chinese character meaning warmth. 2018 refers to the goal of setting thermostats between 64 and 68 degrees Fahrenheit.
In the United States, some school districts have written to parents asking them to dress their children in an extra sweaters to compensate for lowered thermostats in classrooms.
"We are asking kids to layer, to bring in a sweatshirt in case you get a colder room," said Beth Wagger, spokeswoman for Fairfield City Schools in southwest Ohio's Butler County. Similar letters went home in New York state school districts, where increased energy prices are translating into a projected budget shortfall of some $96 million.
In some Asian regions, many turn to traditional solutions. Nazi Balla, who sells roasted chestnuts on the streets of Srinagar in Kashmir, swears by his "kangri" -- a clay pot filled with glowing embers -- which he carries under his woolen tunic. "It's economic and portable," he says.
Three thousand miles west, in Tirana, Albania, another chestnut seller rubs her hands against the cold and says she's praying for a mild winter. "If I get cold," says Naime Hoti, "I can only wear more and more clothes."
Because of increased demand for electricity, the main mode of heating, much of Albania is suffering long daily brownouts.
Britain's Energywatch, a gas and electricity consumer watchdog, estimates that around 2 million Britons will be in "fuel poverty" this winter, meaning they will spend more than 10 percent of their income on heating bills.
Among them is Vicki Fearn, an unemployed mother of a 13-year old daughter living in government-subsidized housing in London.
"It's going to be tough winter when the money runs out. I will be sitting on the sofa shivering under three duvets," she says.
"And there's nothing you can do about it; you can either go without food or without heating."
Contributing to this report were Associated Press correspondents Andrew Wallmeyer in Berlin, Jonathan Allen in London, Joe Coleman in Tokyo, Christine Wienberg in Copenhagen, Llazar Semini in Tirana, Burt Herman in Seoul, Mujtaba Ali Ahmad in Srinagar and Joelle Diederich in Paris.
Happy Thanksgiving longs!!! If you are having Turkey, it will be the second one you bought this year!!!!
NGAS...last filing....page 17...
As of the date of this report, we have installed compressors, dehydration units and lateral lines for 47 wells in the Leatherwood Field, with an additional 54 Leatherwood wells awaiting connection. We expect to bring most of those wells on line during the next several months as our Leatherwood system is put in service.
Regional Advantages
Our proved reserves, both developed and undeveloped, are concentrated in the southern portion of the Appalachian Basin. This is one of the oldest and most prolific natural gas producing areas in the United States. Historically, wells in this part of the Appalachian Basin produce between 200 to 450 Mmcf of natural gas over a reserve life of up to 25 years. The natural gas production, known as sweet gas, is environmentally friendly because it is substantially free of sulfur compounds, carbon dioxide or other chemical impurities. In addition, most of our wells produce no water with the gas production. This helps us minimize production (lifting) costs. Appalachian gas also has the advantage of high energy (or Dth) content, ranging from 1.1 to 1.3 Dth per Mcf. Our gas sales contracts provide upward adjustments to index based pricing for throughput with an energy content above 1 Dth per Mcf, resulting in realization premiums over normal pipeline quality gas. Our proximity to major east coast markets generates further realization premiums above Henry Hub spot prices. These factors contribute to enhanced cash flows and long term returns on our Appalachian properties.
I'd like to add SMSI, Smith Micro Software, wireless software, closed at $6.93.
The best DD is to listen to their last CC, recently acquired Alume.....major customers Verizon and Vodafone...new customer to buy wireless sofware package for wireless data security for their personnel from PC's to company computers.
http://biz.yahoo.com/cc/5/60855.html
These guys don't BS, no fluffy PR's, just when the deal is done. A number of analysts called in during the CC. Company is showing great growth, IMO. May be a merger or buyout candidate down the road. The only downside is the CEO's exwife holds about 2.5 million shares and is program selling. OS is about 22 million. Her selling provides a buying op, IMO, listen to the CC and I think you will agree. Appreciate any comments back from the techies among us!!! I plan on adding Friday, started buying in January 2005.
Have a safe and happy Thanksgiving to all!!!!
Four Gold Stocks to Avoid (DROOY, HL, BGO, CBJ)
Wednesday November 23, 6:00 am ET
By Parvathy Krishnan, CFA
Gold prices have been skyrocketing recently, continuing the secular bull market in gold that started in 2001. After starting the year at $420 per ounce, gold prices have rallied to within shouting distance of $500 per ounce, levels not seen since the late 1980s. Not surprisingly, gold bugs feel vindicated, and the metal and its producers have been getting a lot of attention from the financial press and potential investors.
So, is this a time to invest in gold, gold stocks, gold mutual funds, or gold exchange-traded funds? My colleague Michele Gambera has some interesting thoughts on this subject. As value-oriented investors, we at Morningstar believe in buying assets at a discount to their intrinsic value and waiting patiently for prices to recover. The metal has been justifiably touted, though, as an inflation hedge and portfolio diversifier. However, gold stocks, while highly correlated with gold, carry additional baggage that may offset some of their diversification and inflation-hedge benefits. As I've written before, gold miners are plagued with rising costs, lack of control over the price of their product, and few product differentiation opportunities. It follows that most gold producers have no competitive advantage, or economic moat, and their returns on invested capital trail their cost of capital.
Historically high prices, no moat, poor returns on invested capital--these are all reasons we find the sector in general quite unattractive at this time. It is not surprising that most gold stocks today get our 1-star rating.
Having said that, there are a few gold producers of whom we are particularly wary because they expose the investor to additional risks for one of several reasons. First, these stocks tend to have higher-than-average operational risk. This is a characteristic of small, undiversified producers whose output relies on a small group of mines or even a single mine. Because this is the case, a small operational glitch could severely affect overall production and revenue. Second, extraction costs at these companies tend to be above average. High costs are very undesirable in a price-taker's market like gold because it means producers will be among the first to incur losses if commodity prices take a dive. Indeed, even with the price of gold at the current high levels, three of these four companies we have singled out below have posted losses so far this year. Finally, our less desirable companies tend to have operations in politically unstable countries, adding geopolitical risk.
Cambior (AMEX:CBJ - News)
Three of Cambior's four mines (one in Guyana and two in Canada) are high-cost operations. Costs at the fourth mine--Rosebel in Suriname--are not substantially below average. The company's extraction costs in 2004 were $257 an ounce, compared with the industry average of about $250. Cambior is also subject to a high level of operational risk due to its small number of mines. For example, milling operations have been suspended at Rosebel this week due to a leakage. Because Rosebel produces about half of the company's gold, a stoppage here, even if temporary, will have a big adverse impact on overall production and revenue. Finally, Cambior's debt--at 12% of total capital--is relatively high for a gold producer. Paying down debt during flush times, like now, is considered a best practice in the mining industry. However, Cambior has been only marginally profitable so far in 2005, and the company has not brought down its debt level during the year. When gold prices fall and profits turn to losses, servicing this debt might become a burden the firm cannot bear, given its high operation costs.
Bema Gold (AMEX:BGO - News)
Bema operates two mines--one in Russia and one in South Africa. While the economics of the Russian mine are respectable with slightly below-average cash costs, the South African operation has been a drag on profits and cash flow since Bema started mining there in 2003. However, instead of improving profitability at its existing operations, the company is intent on raising production from about 290,000 ounces projected for 2005 to 1 million ounces. Given the lack of cash flow from operations, Bema has been forced to raise additional equity and debt capital to fund its exploration and expansion projects. As a result, Bema has one of the weakest balance sheets in the gold mining industry. Negative free cash flow, a weak balance sheet, and uncertain prospects make an investment in Bema little more than a speculative bet on the company's future, in our opinion.
Hecla Mining (NYSE:HL - News)
Given all the risks at Hecla--a relatively small production base in unattractive countries, future production not growing as much as expected, commodity prices not cooperating, as well as more financing and environmental charges--an investment in these shares remains highly speculative.
DRDGold (NasdaqSC:DROOY - News)
Mining gold in South Africa is a high-cost business that started more than a century ago. As more gold is mined, mines get deeper and costs generally rise. In addition, older technology and strong labor unions in South Africa also contribute significantly to the high costs prevalent in that country. Even by South African standards, DRDGold is saddled with relatively high cost and older mines. While recent efforts at operational improvements mean that DRDGold is less of a "cigar-butt investment" than before, we do not think the company is out of the woods. Even with all the improvements, we still expect the company's cash costs to be more than $300 per ounce, compared with the industry average of around $250 per ounce. For DRDGold to consistently turn a profit, gold must trade at prices comfortably above the firm's operating costs and relevant currency-exchange rates must cooperate. As a commodity producer, DRDGold has little influence over either of these factors because it is a price-taker in both the gold and the foreign-exchange markets.
Should gold prices fall precipitously in the next year or two, something that is not inconceivable, these companies will be among the first to suffer.
Gateway_Stocks, they only have to update the OS in the filing, they are not REQUIRED to do so between filings. That's why company history is so important....to see how much they pump and dump.
Unless the client tells them it's OK.....they work for AMEP.
Transfer Agent for FASC releases the information because FASC told them it's OK to do so....
Investee owns the drilling rig, and they can hide any revenue from the AMEP shareholders, IMO..... AMEP keeps releasing PR's on how great the investees are doing, then files showing ZERO revenue for AMEP.....is the lightbulb above your head burned out????? Heck, being owned by the investee probably keeps the IRS from taking the rig for AMEP back taxes!!!
futrcash...TA is gagged by the company, try calling them.
Why do you think that is?????
I pick NGAS, they have completed a new gas pipeline and are installing the compressors, etc......will pop on the line-in-service news......in a month or less???
Picked up TSN puts, TSNMC $15 Jan 06, at average cost of 30 cents.....eat less chicken!!! LOL!!!
Note that last qtr most of those 32 million were shown as "issuable"....
otis groutman, can't you address the posts rather than attack the poster??? If you don't understand what's being said, just say so....
Birdie flu hurts chicken sales in Asia....re: TSN????
http://www.msnbc.msn.com/id/10152600/
That should be $15 TSN put, at 25 cents...
TSN...Tyson Foods, my son bought some cheap jan 06 $10 puts. Tyson already hit on the Canada bird flu news and could drop more on more news....may be worth a gamble???
http://finance.yahoo.com/q?s=TSNMB.X
Heyjoe, well you got this part right,
"The company sells them shares of stock."
That is a fine example of dilution. Now if you buy a stock like HD, you are buying shares from another investor that is selling, not the company. Thanks for pointing that out to all! LOL!!
Cutting Corners...check the previous filing for the "issuable" shares, they showed up in the total OS on this filing. So the 79 million will show up on the next filing, the Transfer Agent is busy dealing them out and recording them.....
ctb...wrong, Common Stock Outstanding and Issuable at End of Period 413,035,992....page 32.
The Tranfer agent just hadn't recorded them all by the time of the filing....just like the last filing. Pretty slick way of hiding the true figure from those that can't read. Even so, you are saying 32 million isn't much dilution in 3 months?? LOL!!! That's 11% in 3 months!!! And the real figure is 101 million!!! BTW, where's that revenue to AMEP from the investees????
That's how they paid for the rig and a load of firewood delivered by Greeneye!!! LOL!!!
I hope AMEP is at least nice enough to send an X-mas card to all the bagholders that paid for the drilling rig and associated expenses....it would be the right thing to do!!! And the flippers should buy Thanksgiving turkeys for all!!!
Ducks carrying bird flu in Canada
THE ASSOCIATED PRESS
November 1, 2005
TORONTO - Nearly three dozen wild ducks have tested positive for the H5 bird flu virus in Canada, officials reported yesterday, but they said it was unlikely to be the strain blamed for 62 human deaths in Southeast Asia.
Dr. Jim Clark of the Canadian Food Inspection Agency said it would take at least a week to determine whether the flu found in 33 ducks from the provinces of Quebec and Manitoba was the deadly H5N1 strain that has ravaged Asian poultry farms.
But it was unlikely to be the same strain because none of the wild ducks tested was ill even though they carried the strain, he said at a news conference.
"That strain in Asia has caused high mortality in those birds; the birds that tested positive in Quebec and Manitoba are all healthy," Clark said.
Clark said 4,800 samples had been collected from wild birds in seven Canadian provinces in a study begun before the recent spread of H5N1 from Asia to parts of Europe and Turkey.
He said it was not surprising to find a variant of the H5 virus in Canada, because it can be present in at least 7 percent of wild birds in North America at any given time, though in less virulent forms than H5N1.
The spread of H5N1 across the Eurasian landmass has world health experts worried about the possibility of a human flu pandemic developing that could kill millions and cripple economies.
The more a bird flu virus spreads, the more chances it has to mutate into a form that can pass easily from human to human. So far, all deaths attributed to H5N1 have come in people who caught it from a bird.
The World Health Organization says the outbreaks in Southeast Asia have infected 121 people and caused 62 deaths in Thailand, Vietnam, Indonesia and Cambodia. Vietnam has been hardest hit.
Less virulent strains of the H5 virus have been found before in North America. Parts of Mexico have suffered through an outbreak of H5N2 bird flu in poultry operations for more than a decade.
Canada had an outbreak of bird flu in 2004, but it was the less harmful H7 virus, which isn't believed to pose a serious risk to humans. About 17 million birds in British Columbia were slaughtered in early 2004 in an effort to stamp out any spread of the virus.
Need to step up the DD here, IMO. PPS seems to be headed back down. I think they said on the news some birdie flu in Canada, may need the mobile KDS iron back in the fire and some sound bites from FASC on the scene at the birdie farms.....
ctb...you keep missing the point...all the revs are staying with the investees...you can't tell from the AMEP filing whose pockets the revs are going into because AMEP reports ZERO revs!!! If the investees made a million dollars profit, they could pay it all in salaries and YOU WOULD NEVER KNOW!!!
Bitters could be pocketing some as consulting fees and YOU WOULD NEVER KNOW!!! You don't have to be a rocket scientist to figure it out!! Why do you think they are concerned about the SEC coming back and not allowing the BDC and mention that in the filing??? They are bending the BDC rule and they know it!
Are you saying the MM's knew it was going to be a POS 10Q?? Shoot, anyone with an IQ over 70 and could read the last filing would have known that!! LOL!
10 Q out, pumpers better work 24/7, ZERO revs??? Where's all that investees revenue??? Dumped about 100 million shares in three months?? Told ya.....
"Common Stock Outstanding and Issuable at End of Period 413,035,992"...hidden way down on page 32, it will be at the top of the report next filing.
beigledog, in at $2.85...got a limit to sell at $4.50...missed run to over $4, not quick enough in my old age!!! LOL!! Expect it to go again before the day is over.
FSTW...short term momo play, 2.73 million OS....
Are they for it or against it?
(Don't mind me, I got decaf by mistake this morning!! LOL!!)
otis groutman...."Not two days ago mam's boy claimed to be in this stock, that's a real flipper."
Which post was that, I must have missed it.....
"Over fifty investors, invited by Capital Management AG, attended the meeting, including major banks, institutional fund managers, individual investors, and Capital Management personnel."
http://biz.yahoo.com/bw/051121/20051121005386.html?.v=1
So we have over 50 highly professional investors at this presentation. I would assume if the pps doesn't doesn't go over $2 soon, they were not impressed????
UUU....$16.60 Low OS and float, PE 8.31, smoke detectors, etc. No debt, but light on cash, nice growth. Daily volume sucks, but traders will show up on good earnings (see ATEA old/new daily volumes).
http://finance.yahoo.com/q/ks?s=UUU
New JV plant sarting up: "Universal has a joint venture to manufacture its products in Hong Kong, and the joint venture will soon begin production in a new 250,000-square-foot facility in the Fujian province of southern China in response to expected growth."
The joint venture faced "capacity and labor constraints" during the quarter, Grossblatt said, but Universal expects the new manufacturing space will boost the joint venture's contribution to sales and earnings.
Common stock, $.01 par value per share;
authorized 20,000,000 shares; issued and
outstanding 1,673,498 and 1,580,729 shares
at September 30, 2005 and September 30, 2004,
respectively
May be near a low....
Hehehehehehe...God bless the pumpers, flippers, and various other con artists that post only the positive "DD" on a diluting POS company to sucker in the buyers for their dumping. Only in America and Nigeria!!! LOL!!!!
Geez...did I explain it wrong??? Maybe you have some
firsthand experience and can provide a better explaination that's not so funny!!! )) I've never set one of those up myself....please help me out here!!! TIA...
Mongo....off shore companies are used to sell shares since by law a company can't sell shares direct to the market. They can be set up for about $600 to $1000, the Bahamas does a lot of this business. Many times when you do a search, you will only get one or no results since they are set up by someone in the company just to sell their shares.....they don't have any other customers. This avoids using an "equity financing" firm that gets a big discount on the shares they dump for the company. Being off shore prevents any public information being available for the SEC or investors......but I'm sure with a handshake, a howdy-doo, and tip of your hat, you can get all the info from AMEP...
beigledog...good info. I don't own anything direct in copper, my interest started when I owned WHT since their copper ore "by-product" reduced their gold mining costs so much. Just check it every now and then. Very interesting about the Chinese short, could cause some serious volatility in that market.
"Opec’s basket of oils is normally valued at around a $7 a barrel discount to US crude. On Thursday morning US crude was hovering below $58 after a surprise drop in US crude stocks sent it racing $1 higher late Wednesday."
OPEC price of crudes falls below $50.
Funny how AMEP releases PR's about the investees' sales, but never seems to release a PR about the revenues passed on to AMEP. When does this get the "E" if they miss the final filing date????