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BRD - Gold Company - Charts - Some DD
I hate gold plays because it is like betting on the price of gold (I am long GSS). I think gold will go higher so gold stocks should be okay. This is an intriguing little stock. Check the Annual report "highlights."
Among the 2010 and year to date 2011 highlights, the Company:
* Completed the merger of Apollo Gold Corporation (“Apollo”) and Linear Gold Corp. (“Linear”) to form Brigus on June 25, 2010.
* Sold 69,922 ounces of gold in 2010, a 51% increase over 46,016 ounces sold in 2009.
* Reported total cash costs per ounce of gold sold in 2010 of $589, a slight increase over $567 per ounce in 2009.
* Reported cash and restricted cash at December 31, 2010 of $22.8 million compared to $6.7 million at December 31, 2009. Cash and restricted cash total approximately $35 million as at March 31, 2011.
* Raised $70.0 million in net proceeds from equity financings during the year and sold a future gold stream to Sandstorm Resources Ltd. for $56.3 million, with the proceeds used to reduce the Black Fox project facility debt (“Project Facility”) and to unwind gold forward sales contracts.
* Eliminated all gold forward sales contracts making Brigus hedge free with no gold derivative positions and subject only to a gold stream agreement sale.
* Strengthened the balance sheet by reducing the Project Facility during 2010 from $70.0 million down to $22.0 million as at December 31, 2010.
* Issued $50.0 million of senior unsecured convertible debentures on March 23, 2011 and eliminated the Project Facility.
* Commenced the development of the Black Fox underground mine in the second quarter of 2010 (“Q2 2010”), including the construction of a new ramp from the 235-metre (“m”) level to the surface and a new ventilation and services raise, both of which were completed in the first quarter of 2011 (“Q1 2011”).
* Extended the known strike length of the Contact Zone, at the Black Fox Complex, from 400 m to 1,200 m by completing 106 drill holes comprising of a total of 43,000 m in 2010 and including January 1, 2011 to March 11, 2011.
CEO's comments “2010 was a transformational year for our company. Following the merger that launched Brigus at the end of June last year, we have completed underground development and prepared for Phase 2 open pit production at our Black Fox Mine while also rebuilding our balance sheet and eliminating the gold hedge book. With these achievements, we are now well positioned to increase gold production quarter-over-quarter this year and expect to reach a steady state production level of over 100,000 ounces per year in the third quarter of 2011, while achieving profitability and cash flow in 2011.”
I am starting to swap my strategies a little man. I have not been doing so hot trying to play MOMO's. I have been kicking some arse playing bottom bouncers.
I posted/played AOB a couple of days ago and I flipped AMSC during the day yesterday for 1.70 a share (scary because it was all over the place). I wish I had played ABAT, but I am scared to death of Chinese plays (besides a couple - AOB).
That's kind of what I figured. I think it would make for a more interesting day to see this news pop-up midday! Who can sell the fastest. I would bet most traders with large sums of money invested have stops ready just encase.
Question for Whoever
I have been "actively" trading off and on for years and was wondering; why do they always drop the bomb (bad news - HERO - AMSC) at the end of the day AH's? Just curious. I have yet to be a victim, but I'm sure I will get my chance eventually.
ACLS - Any ideas of what to expect from earnings?
MCZ - I actually got to watch the trading live for once and it did look good end of day. A lot of accumulation going back in forth that last hour. I wonder why Logitech doesn't go ahead and buy Mad Catz out before they get to big? Logitech is struggling to find Revs and Mad Catz had its biggest quarter ever.
ZLC - Recent Insider Purchases
Here is what the SA had to say about ZLC.
"Zale Corporation (ZLC) shares are trading at $4.25. ZLC is a leading jewelry retailer. These shares have been beaten down for awhile now, as the company has struggled with weak sales and other issues. The 52-week high is $5.88. The 50-day moving average is about $4.25 and the 200-day moving average is about $3.01. Earnings estimates for ZLC are for a loss of $2.21 per share for 2011 and another loss of $1.70 for 2012. I don't see a reason to be invested here, but some insiders seem to think these shares make sense. Jewelry sales have been improving as the economy picks up. You can read about improving trends in this sector here. You can see the recent insider buying here."
INTT - LINK Back to DD
Getting some love from theStreet today. Earnings are early next month. This is a great growth stock that is heavily undervalued IMO.
http://www.thestreet.com/story/11074210/3/10-low-pe-semiconductor-stocks-with-upside.html
9. inTEST(INTT_) designs, manufactures and markets mechanical, thermal and electrical products that semiconductor manufacturers use in conjunction with automatic test equipment (ATE) for testing ICs.
For fourth quarter of 2010, the company's revenue soared 20% to $10.1 million from $8.4 million in the same quarter of 2009. Gross margin improved to 47.4% from 37.5% in the same quarter last year. As a result, net income increased several times to $1.3 million or 13 cents per share from $142,000 or 1 cent per share. Analysts estimated earnings of 9 cents per share.
Full year revenue almost doubled to $46.2 million from $23.5 million a year earlier, driven by 133.8% increase in revenue from sales of mechanical products, 35.3% increase from sales of thermal products, and 188.9% increase in electrical products sales. Geographically, revenue from international customers more than doubled to $28.7 million, while U.S. revenue increased 73.8% to $17.5 million.
Subsequently, the company swung to net income of $7.3 million or 72 cents per share, as opposed to a loss of $4.8 million or 49 cents per share in 2009. Cash and cash equivalents surged to $6.9 million from $2.6 million, and the company remains debt-free.
Going forward, inTEST expects revenue to be $11-$12 million, and net income in the range of 11-15 cents per share. As of Dec. 2010, order backlog stood at $6.1 million compared to $4.6 million a year earlier. The company's stock has gained 110.7% during the past one year, while it trades at an attractive P/E of 4.9
I agree the news is bad, I just used it for a quick flip. I definitely wouldn't think about it as a long term hold at these levels until management provides a positive update.
TLAB - Link Back to Chart
This is a great company in rebound mode. Will be a slow ride up but it will continue IMO. They do a lot of work for AT&T.
AMSC ended up being a great bouncer today! That Kevin Douglas guy I mentioned yesterday averaged down $37 million worth at 14.27 today. I road AMSC from 13.30 to 15.00 (15.40, but I got greedy)! Man it was a scary ride though, this guy was bouncing all over the place. I try not to play to many like this because they test my nerves!
Thanks for the input! I made my wife "like" that Facebook site anyways!
LOCM - Frankiy
I am already in LOCM. Spreebird is pretty cool. I think a PR about Spreebird will launch LOCM. They have to be at least a buyout consideration. Local.com has been around as long as I can remember and it is a really catchy domain name. They seem to either have a small team on Spreebird or they are just slow rolling it. If you look at the Spreebird Facebook site here:
http://en-gb.facebook.com/pages/Spreebird/158890690835579
You can see they aren't managing it very well. Also, word about Spreebird isn't getting out very much. Maybe they are waiting for the "Beta testing" to be complete.
AMSC - 15.40 Touched
AMSC - 14.70 Touched - WOW, I am feeling a 16 close.
Rumor has it shipment diverted / sold to another company. Totally a rumor.
AMSC - WOW - Shorts Squirming now.
AMSC - Jumped in @ 13.30 - Short Squeeze coming IMO
AMSC - Bouncing Here IMO
AOB - Link Back to Chart
AOB - Chart Inside
Potential bottom bouncer. This stock has been getting hammered along with 95% of the other Chinese plays, but this company is different than most IMO. They are listed on the NYSE, not the result of a reverse-merger, and are a major recognized brand in China. I think the stigma of the other Chinese stocks is beating them down. Check out their financial results. They have also supposedly started a buyback program as of today. May be a good bounce play here.
Ouch, just saw that company is like 70% of their business. 24.88 * .7 = 7.47! You may be right!
Kevin Douglas isn't on the website but he seems to own a significant part of the company. I would love to hear his conversation with management right about now!
I would watch for a "clarification" presser tomorrow because the press release was "the world is going to explode," but with no answers provided. I tried to go and see who this "Kevin Douglas" is but their website is getting hammered. I bet he is freaking the beep out! Look at his recent purchases.
Mar 23, 2011 DOUGLAS KEVINBeneficial Owner (10% or more) 73,200 Indirect Purchase at $23.35 per share. 1,709,220
Mar 23, 2011 DOUGLAS KEVINBeneficial Owner (10% or more) 48,800 Direct Purchase at $23.35 per share. 1,139,480
Mar 22, 2011 DOUGLAS KEVINBeneficial Owner (10% or more) 60,000 Indirect Purchase at $23.41 per share. 1,404,600
Mar 22, 2011 DOUGLAS KEVINBeneficial Owner (10% or more) 40,000 Direct Purchase at $23.41 per share. 936,400
Mar 21, 2011 DOUGLAS KEVINBeneficial Owner (10% or more) 48,060 Indirect Purchase at $23.57 per share. 1,132,774
Mar 21, 2011 DOUGLAS KEVINBeneficial Owner (10% or more) 71,200 Direct Purchase at $23.57 per share. 1,678,184
Mar 17, 2011 DOUGLAS KEVINBeneficial Owner (10% or more) 120,000 Indirect Purchase at $23.28 per share. 2,793,600
Mar 17, 2011 DOUGLAS KEVINBeneficial Owner (10% or more) 80,000 Direct Purchase at $23.28 per share. 1,862,400
Mar 14, 2011 DOUGLAS KEVINBeneficial Owner (10% or more) 120,000 Direct Purchase at $23.34 per share. 2,800,800
Mar 14, 2011 DOUGLAS KEVINBeneficial Owner (10% or more) 180,000 Indirect Purchase at $23.34 per share. 4,201,200
Jan 20, 2011 DOUGLAS KEVINBeneficial Owner (10% or more) 20,000 Direct Purchase at $28.22 per share. 564,400
Jan 20, 2011 DOUGLAS KEVINBeneficial Owner (10% or more) 30,000 Indirect Purchase at $28.22 per share. 846,600
Jan 19, 2011 DOUGLAS KEVINBeneficial Owner (10% or more) 102,000 Indirect Purchase at $28.37 per share. 2,893,740
Jan 19, 2011 DOUGLAS KEVINBeneficial Owner (10% or more) 68,000 Direct Purchase at $28.37 per share. 1,929,160
Jan 18, 2011 DOUGLAS KEVINBeneficial Owner (10% or more) 48,000 Indirect Purchase at $28.81 per share. 1,382,880
AMSC - Might be a good bounce play once bottom is found. This is the scary part of investing. Some poor schmucks are going to look at their account this afternoon and go WTF happened!
ORCC - Link Back For Chart
No real resistance until the 4.80's IMO. Grossly oversold for no reason.
PSUN - AF you still in? This thing is looking great right about now.
TQNT - TI to Buyout NSM
Finally maybe I catch a break on one of my long term holds. Texas Instruments buys out National Semiconductor at 78% premium. I need a break. Seems like all of my long term holds are turning into dogs recently. TQNT up .39 AH. Hopefully this will bold well for ACLS too.
TI Offers $6.5 Billion for National Semiconductor 78% Premium
Maybe I spoke to soon. It (PSUN) may actually finish strong for a change.
PSUN - Nothing like losing all of a weeks gains in a day! Wish I would have dumped for a quick profit. Still upside IMO.
ORCC - Link Back For Chart
Great Bounce play IMO.
NTN - Link Back
Glassy - I just realized this is a Chinese stock. I stay far away from those these days. A few bad apples have runt the whole batch for now. I have a list of about 30 Chinese stocks that based on their reported fundamentals should be valued at 3x their current prices. Right now they just aren't moving because of a cloud of suspicion. Hopefully it all blows over, because there is a lot of money to be made in Chinese stocks based on their earnings reports.
ABAT is tempting for a flip play. I will watch in the morning.
NPTN - Thats my thought. Check the earnings report.
http://biz.yahoo.com/e/110328/nptn10-k.html
This thing should be worth a lot more than 11s IMO. I am going to watch early and I might try to ride this one up.