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Metretek makes PowerSecure a subsidiary
The Denver Business Journal - November 23, 2004
Denver-based Metretek Technologies Inc. has bought the remaining shares of PowerSecure Inc. for $9,500.
Metretek issued 950,000 shares of common stock at 1 cent per share in exchange for the outstanding minority 13.9 percent interest in PowerSecure Inc. that was held by the latter's employee-shareholders.
Metretek (OTC BB: MTEK) now owns all the issued and outstanding shares of PowerSecure, making PowerSecure a wholly owned subsidiary. Metretek now will report 100 of PowerSecure's net income of PowerSecure in its consolidated financial statements.
Metretek Technologies Inc., through its subsidiaries Southern Flow Companies Inc., PowerSecure Inc. and Metretek Inc. (Metretek Florida), is a provider of energy measurement products, services and data management systems to industrial and commercial users, and suppliers of natural gas and electricity.
PowerSecure is a subsidiary of MEK
http://finance.yahoo.com/q/pr?s=MEK
Look at this chart! Nice gap that may need to be filled.
http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=mek&time=&freq=
I am going to look into this. A $100 million contract with Publix is huge.
Kipp
$100,000,000 Publix is spending on generators in FL
Anyone have any small cap power generation companies?
Check this out:
http://southflorida.bizjournals.com/southflorida/stories/2006/03/13/daily7.html
Hurricane Predictions
http://msnbc.msn.com/id/11805514/
If this guy is right we are in for some wild swings in the markets!
Kipp
JustForFun7 - Zinc producers playing games
This point you make is a good one. I posted on the treatment charges for spot zinc concentrates being NEGATIVE. If you had concentrates you were holding back and smelters were going to PAY you to treat it I think you would be selling all you had. I think the tightness and record high price has smoked out most of the hidden inventories of metal, and the spot treatment charges going negative has concentrates in short supply.
I am buying the dips.
Kipp
cl001 - Do you have a link to copper article Bobwins posted?
I missed that one and can't find it in Bob's posts.
Thanks,
Kipp
Zinc Treatment Charges - Critical for Investors to Understand
This is a graph that illustrates what the zinc industry terms "treatment charges".
Zinc treatment charges in general: Zinc mines usually have mills attached to them to concentrate the ore from 5-15% zinc as it comes out of the ground, taking it up to around 50% zinc. The term for this processed ore is "zinc concentrate". Now the concentrate needs to be processed into metal or "treated". The mine turns to "Zinc Smelters" to contract the "treatment" of their "zinc concentrates". The concentrates are analyzed for additional "credits" such as silver, lead, indium, etc. The mine then contracts with the zinc smelter to treat the concentrates and return the zinc metal to the mine to be sold.
The important thing to observe in this graph is that "spot" treatment charges are NEGATIVE(blue line). "spot" refers to concentrates that have not been contracted. This means that mines are being PAYED by smelters to treat their concentrates. There are too many zinc smelters chasing too few zinc concentrates. Mines are paying less and less to have concentrates treated, these savings go right to the bottom line. It also tells you just how tight the zinc ore supply is getting.
Kipp
prisser - I listened to the conference call and they hedge one third of the production to meet their cash costs. In the conference call they said no more hedging beyond that. Here is a link to the cc:
http://events.streamlogics.com/enunciate/eurozinc/mar02-06/index.asp
The "Zinc Gap" Will Cause Price Spike
This technical fact is supported by the long-term fundamentals of the zinc market. Take a look below at this graphic created by Teck-Cominco showing current and future mine supply versus expected demand. This graphic illustrates what is termed the “Zinc Supply Gap”.
Open this link: http://www.kitcometals.com/commentaries/Furse/feb102006.html
It is apparent that years of underinvestment have left few projects in the pipeline. In fact, many producing mines are set to close over the next few years. It is worth noting that in the past, Teck-Cominco purposely choose to not develop any of it’s zinc deposits so it would not undercut the viability of its’ massive Red Dog zinc mine.
Not only are there not enough projects in the pipeline to meet demand. The economics of planned projects continue to degrade. Oil, electricity, even giant tires for mining trucks are all in short supply. More critically, experienced geologists and miners are an aging group and tough to find. To top it off, mining regulations are more rigid than ever before with stringent environmental and aboriginal concerns pushing out development timelines even further.
On the demand side, Asia is the key player, with their hyper-growth expected to drive demand in the zinc market. In fact, growth is now expected to be closer to 4% per year, rather than the 1.5% or 2.5% currently modeled.
Zinc has few substitutes and could easily take out its’ old highs without too much dislocation in the economy. It contributes only a small portion of the end cost for the products it is used in. For example, the average car uses about 17 pounds of zinc. At ten times today prices zinc would only add an extra $170 dollars to the cost of a car.
A slowdown in the U.S. is always a factor when considering base metal prices, but America uses only about 11% of the world’s zinc. Furthermore, World population is growing at an exponential rate, creating more people thirsting for their first taste of Western living standards. North America and it’s housing market could affect base metals prices in the short term, but the future will see Asian economies much less dependent on exports. The ramifications of this inflection point will go far beyond base metal demand, but that is beyond our scope here.
Currently there are a lot questionable valuations for mining companies and zinc miners are no exception. I would look for a quality senior and mid-tier producer along with juniors with proven management and decent land packages. With the price of zinc rising, these companies should do well over time.
Len - This is a must read link for you.
Please read this and look at the graph showing the looming zinc gap.
http://www.kitcometals.com/commentaries/Furse/feb102006.html
Len - This is the lag of bringing new production on. IT TAKES YEARS!!! Many new mines and smelters were announced and built in those years. Look at the Red Dog mine of Teck Cominco and Korea Zinc's 400,000 ton smelter to name a few. This brought the price down in anticipation of those projects. There are no new "mega" mines coming! And we have too much smelting capacity right now!
Kipp
It's different this time!
Len - 20 Year Zinc Price/Inventory Graph
Len,
This is a graph of the past 20 year history of zinc inventory and price. Every time the price made a move up, it was followed by a huge ramp up of production and plunging prices. Like my Economics 101 prof. said " the cure for high commodity prices is......high commodity prices!"
"This time it's different" (the 4 suicidal words of investing) because the production can't be ramped up quick enough to tank the price.
EZM is virtually a risk free way to play the zinc shortage because they are covering costs with existing copper production.
Len - The EZM Increases in Lead and Zinc
Len,
EuroZinc owns and operates the Neves-Corvo copper mine located in southern Portugal. The Neves-Corvo copper production is shown in orange on the graph. EuroZinc continues to seek to optimize copper production at Neves-Corvo, and is also planning on producing zinc concentrate from the Neves-Corvo deposits by the middle of 2006. The Neves-Corvo zinc production is shown in dark blue on the graph.
The company also owns the Aljustrel zinc/lead/silver mine located 40 km from the Neves-Corvo mine. Both mines consist of deposits containing copper, zinc, lead, silver and indium. The Aljustrel mine is currently on care and maintenance, however, a decision is pending on placing the mine into production. We should hear confirmation of this mine opening sometime in the next 30 days. It will take at least 12 months to begin operating. The projected zinc production is in light blue on the graph and the lead is shown in gray.
Here is a link to the company web site. http://www.eurozinc.com/s/Home.asp I would be greatful if you would take a look at this one and give me your opinion. My opinion is that it is first rate and management is going to hit a huge home run this year. I have gone "all in". I think it is still way early and we have multi-bagger potential.
Len - LME Zinc Price/Inventory History Graph
Len,
The London Metal Exchange (LME) publishes daily inventory levels of most base metals and their prices. The graph shows the relationship of a declining zinc inventory (the blue and gray shaded area) and the rising zinc price is illustrated in red. The "hidden" inventory is the gray shaded area stacked on top of the LME reported inventory in blue. When prices were low, producers failed to report inventories in an attempt to support the price. The recent draw down is much more dramatic when you take into consideration the "hidden" zinc inventory.
In my opinion, the zinc market is headed for a short squeeze! Additional mines take years to bring on stream and the depressed prices of the past 10 years kept CEO's from making new investments in zinc mines. Eurozinc (EZM) is one of the few companies that has a chance to bring new concentrates (ore) to market in short order.
EZM - Addition of Zinc and Lead Production KEY
This is what investors are counting on and it is not being recognized in the pps.....YET!
EZM - Zinc Shortage - Graph
(This is my first attempt at a graph so I hope it works.)
I have never been a table pounder but I am going to pound the table on the zinc price and supply issue. Look at this graph and understand just how short the world zinc market is getting. EuroZinc will have zinc on line by Q3 and is getting ZERO recognition of that fact. Still way early on this one.
EZM - BMO Nesbitt Burns 2006 Presentation
This was just posted on EZM website. The link is right below earnings announcement. 33 pages that give up to the minute update. Good prep for conf. call in 40 minutes.
http://www.eurozinc.com/s/Home.asp
Bobwins – Zinc
I have been thinking about supply and demand for zinc. Years ago, car bodies rusted out in a very short period of time, due to the auto manufacturers use of paint over metal to prevent rust. They went to electro galvanizing the entire car body and started giving rust free warranties. Zinc oxide and silicon dioxide are added to tires and provide extended wear, resulting in 50,000 – 70,000 mile warranties on tires. Are car companies going to go back to paint and skip galvanizing if zinc goes any higher? Are 25,000 mile tires coming back? There are no cheap substitutes for zinc. Zinc prices will climb to crazy levels if the supply gets any tighter. I think a supply and demand crunch is coming because there are no quick fixes to bring on more supply. Any company that can bring zinc concentrates to the market anytime soon should do very well.
I liked that Coxe update you posted the other day, the part about the 4 suicidal words in investing, “It’s different this time”, CLASSIC! But it is a little different this time in that we are being caught flat-footed on meeting the demand for raw materials. It takes so long to bring metals to the market.
2 days ago I heard the world population crossed the 6,500,000,000 mark.
Good Luck on EZM, hope they get zinc mines on line within a year or so.
Kipp
EZM - ZINC
I am so happy the EZM gap got filled this morning! (Look at the Rival chart mike056 just posted, diving to fill that big gap. Not sure why gaps get filled, but they almost always do. I have RGY.V orders in and they are filling!)
EZM is all about the zinc. It is a very low risk way to play the zinc shortage. The zinc price is moments away from a new record high. We are 3 hours away from EZM conf. call. I have decided not to trade this stock and have adopted a buy on the dips strategy, Bobwins...."buy and mold". Look at the LME zinc inventory, drops like a rock every day. Until that turns around, zinc prices are going much higher. All you ever hear about on the news is copper and gold. The real story is zinc, and when the market wakes up, LOOK OUT!
This is one of those rare times when everything lines up for a low risk, big bet. VPHM was the last one for me, kind of a Texas hold 'em ALL IN with "mad money".
Kipp
PANL Press release, not much detail
http://biz.yahoo.com/bw/060221/20060221005375.html?.v=1
Remember PANL from bubble days?
10% of shares are short and rumour has it they are putting technology to work in cell phones.
http://stockcharts.com/def/servlet/SC.web?c=PANL,uu[w,a]wacayiay[df][pc80!a!f][vc60]&pref=G
Could go nuts.
EZM Aljustrel key going forward
Here is a good article from BMO Nesbitt Global Resource Conference. Presentation was this morning.
http://www.businessday.co.za/articles/mining.aspx?ID=BD4A162541
In my opinion zinc prospects are still not being priced in.
Kipp
Rival 2006 2006 EPS proj. $.60 per share
http://biz.yahoo.com/ccn/060228/200602280313074001.html?.v=1
CHEAP!
cl001 - More Zinc News
"Mine Closure Would Add Years To Zinc Shortage - Macquarie"
Monday February 27, 2006, 4:42 pm
http://au.biz.yahoo.com/060227/18/kfno.html
Also, the detils on EZM Aljustrel Mine:
"EuroZinc Mining Corporation: Agreement Reached on Aljustrel Mine Obligations"
Monday February 27, 1:44 pm ET
http://biz.yahoo.com/bw/060227/20060227005859.html?.v=1
If EZM can pull off 2 zinc mines in one year we are looking at a home run here.
Kipp
Fresh Data Copper/Zinc Teck-Cominco Presentation
Click the pdf from Morgan Stanly Feb. 22.
http://www.teckcominco.com/investors/presentations.htm
Here is a link to a "must read" for anyone interested in base metals. Bottom line, zinc is going short, price is going up. The market is giving zero credit to Eurozinc (EZM) for zinc production coming on line mid-2006. I continue to buy EZM on dips. Also BWLRF is one to buy on weakness.
CHINA is the driver.
Kipp
Great Mining Company Comps for DD
This is a great spreadsheet for public mining stocks:
http://www.kitcometals.com/commentaries/Matlack/feb132006.html
EZM, BWLRF - Zinc Shortage Coming
I am bullish on zinc and this sums up the reasons why.
http://www.kitcometals.com/commentaries/Furse/feb102006.html
Also note the LME Warehouse inventories drop nearly every day, take a look:
http://www.kitcometals.com/charts/zinc_historical_large.html#lmestocks_30days
Nothing short of global economic meltdown will keep zinc inventory from reaching rock bottom. There are no cheap substitutes for zinc. The price will stay high.
There is zero credit being given to EZM's zinc project, ZERO!
Backed up the truck yesterday as I can find no better value in the market.
Kipp
c1001 EZM
All of my $1.20 and 1.21 orders filled. I am now done buying, unless drops again, but that would be too much to ask for. We commodity guys are in for some tough sledding.
Kipp
Len - Snow arss deep to a tall Eskimo is fine with me! You can keep the stats on the "NotSo AccuWeather" forcast too. I am hoping Mother Nature bends Wall Street over a snow plow on Monday and I get a chance to sell the rest of my EOG and EPEX options.
I did drop your name from the table. No hard feelings here. I sell fertilizer for a living,
....... buy low sell high. If I had it to do all over again, I would come back as a network weatherman.
Kipp
Lentinman’s K.C. Accucast Update #2
(Just having a little fun here Len. I’m not much of a stats guy but the post you made Feb. 8 caught my attention. You still have to promise to be honest if you turn your heat on!)
DATE “NotSo” Actual High (from Accuweather)
2-9 46 39
2-10 43 43
2-11 38
2-12 47
2-13 49
2-14 53
2-15 58
2-16 57
2-17 45
Avg. 48.4
The original forecast was from "notso" AccuWeather so we will track AccuWeather data from this sight: http://wwwa.accuweather.com/forecast-past24.asp?partner=accuweather&myadc=0&traveler=1&z....
The original post:
Posted by: lentinman
In reply to: littlejohn who wrote msg# 35071 Date:2/8/2006 8:03:49 PM
Post #of 35120
“Warm Weather:
No matter what (the wrong all winter so far) notsoAccuweather says, it is more of the same in February.
The projected highs for the next 9 days for KC are 46, 43, 38, 47, 49, 53, 58, 57, 45.
That is an average of 48.4 degrees. Putting that in context, the AVERAGE high for KC in February is 40.6 degrees!! The average in the first 8 days was 45.6 degrees. That would mean the average for the first 17 days will be 47.1 degrees (+6.5 over average).
Let there be global warming..... and there was!
Len”
EZM - May fill $1.19 - 1.20 gap today.
Lentinman’s K.C. Accucast Update #1 (second attempt)
(Just having a little fun here Len. I’m not much of a stats guy but the post you made Feb. 8 caught my attention. You still have to promise to be honest if you turn your heat on!)
DATE Len’s Actual High (from Accuweather)
2-9 46 39
2-10 43
2-11 38
2-12 47
2-13 49
2-14 53
2-15 58
2-16 57
2-17 45
Avg. 48.4
The original forecast was from "notso" AccuWeather so we will track AccuWeather data from this sight: http://wwwa.accuweather.com/forecast-past24.asp?partner=accuweather&myadc=0&traveler=1&z...
The original post:
Posted by: lentinman
In reply to: littlejohn who wrote msg# 35071 Date:2/8/2006 8:03:49 PM
Post #of 35120
“Warm Weather:
No matter what (the wrong all winter so far) notsoAccuweather says, it is more of the same in February.
The projected highs for the next 9 days for KC are 46, 43, 38, 47, 49, 53, 58, 57, 45.
That is an average of 48.4 degrees. Putting that in context, the AVERAGE high for KC in February is 40.6 degrees!! The average in the first 8 days was 45.6 degrees. That would mean the average for the first 17 days will be 47.1 degrees (+6.5 over average).
Let there be global warming..... and there was!
Len”
Len, Accuweather says 39 was the high!
http://wwwa.accuweather.com/forecast-past24.asp?partner=accuweather&myadc=0&traveler=0&z...
Can someone fix my table in the previous post. I can't figure out how to get spaces in the table?
Thanks,
Kipp
Lentinman’s K.C. Accucast Update #1
(Just having a little fun here Len. I’m not much of a stats guy but the post you made Feb. 8 caught my attention. You still have to promise to be honest if you turn your heat on!)
DATE Len’s Actual High (from Accuweather)
2-9 46 40
2-10 43
2-11 38
2-12 47
2-13 49
2-14 53
2-15 58
2-16 57
2-17 45
Avg. 48.4
The original post:
Posted by: lentinman
In reply to: littlejohn who wrote msg# 35071 Date:2/8/2006 8:03:49 PM
Post #of 35120
“Warm Weather:
No matter what (the wrong all winter so far) notsoAccuweather says, it is more of the same in February.
The projected highs for the next 9 days for KC are 46, 43, 38, 47, 49, 53, 58, 57, 45.
That is an average of 48.4 degrees. Putting that in context, the AVERAGE high for KC in February is 40.6 degrees!! The average in the first 8 days was 45.6 degrees. That would mean the average for the first 17 days will be 47.1 degrees (+6.5 over average).
Let there be global warming..... and there was!
Len”
"THE BIG CHILL"!
http://headlines.accuweather.com/news-story.asp?partner=accuweather&myadc=0&traveler=0&a...
After a long hiatus, Old Man Winter is making a comeback. A dip in the jet stream will allow cold air from Canada to surge southward. Several weeks ago, Fairbanks, Alaska, was in the midst of a prolonged coldwave, with the pinnacle being 4 consecutive days of highs minus 34 degrees or colder! Fairbanks today will not be as cold, as they will reach a high of 14. Guess where all that cold air went? Well its heading our way. Now as this cold air heads southward, it will moderate some, but as it spreads through the East over the coming weeks, we will definitely notice the cold air taking center stage.
WOW! If this happens EOG/EPEX could spike.
http://headlines.accuweather.com/news-story.asp?partner=accuweather&myadc=0&traveler=0&a...
Savings on heating costs during January were monumental. Day after day mild Pacific air flooded across the nation and temperatures ran well above normal everywhere except in Florida . Now, I must report that all the money saved over the past 40 days will be shelled out in the weeks that follow, and we might have to pay interest as well. The flow across North America has shifted completely, and arctic cold is pouring southward into the United States. The cold pattern is locking in and could be around for quite some time. That remains to be seen. We do know the Midwest and the East are cold already, and it will stay that way into next week. The West is still mild, but even there, much colder weather will gain entry over the next 6 to 10 days.
TGB - Taseko First Quarter Fiscal 2006 Earnings Release
Valentine's Day! What white collar exec. would announce bad earnings on the big V-Day?
Taseko First Quarter Fiscal 2006 Earnings Release
Wednesday February 8, 6:03 pm ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 8, 2006--Taseko Mines Limited (TSX VENTURE:TKO - News; AMEX:TGB - News) will file its financial results for the quarter ending December 31, 2005 on February 14, 2006. The results will be summarized in a Thursday, February 16, 2006 news release and followed up by a conference call scheduled for the same day at 11:00 am PST (2:00 pm EST).
The conference call can be accessed by dialing (866) 356-3095 (Canada & US) or (617) 597-5391 (International) and entering the passcode 83459424. A live audio only webcast can be accessed at the Company's website.
If you are unable to participate in the conference call, you can access a replay, starting that same day at 1:00 pm PST by dialing (888) 286-8010 (Canada & US) or (617) 801-6888 (International) and entering passcode 11256070. The replay will be available until March 16, 2006.
For further details on Taseko Mines Limited, please visit the Company's website at www.tasekomines.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.
The TSX Venture Exchange and the American Stock Exchange have not approved or disapproved the contents of this press release.
Taseko Mines Limited (TSX VENTURE:TKO - News; AMEX:TGB - News)
Contact:
Taseko Mines Limited
Shawn Wallace
Investor Relations
(604) 684-6365 or Toll Free: 1-800-667-2114
Fax: (604) 684-8092
www.tasekomines.com