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What are your personal estimates for pps over the next quarter or so?
Xebec Adsorption - TSX:XBC
Wound so tight. Was up 100% on 50K shares traded. Low float and lots of good news on the horizon. LNG and BioGas play. Rock steady.
Now that was a GAP UP. Almost 100%. This stock is wound so tightly even the smallest sneeze will send it soaring.
1-2$ is not out of the question in the midterm in my opinion. Low float.
There are many things they havent done which would be fairly easy and inexpensive to do. Like their filings.
On a side note. Even tho we are green today the chart looks horrendous. And ACC/DIS is approaching -250M.
Today has been a good for day flippin. I predict a red finish.
Does one of those events include you taking a vow of silence?
Thanks for the recap. It helps some to get their wits about them.
On the right track with a focus towards fiscal responsibility and a growing market in LNG aswell as bioGas.
Once the house is lean and efficient we should see this company continue its growth towards new markets and revenue opportunities.
Xebec Announces 2011 Second Quarter Financial Results Reports 9% Increase in Revenue and Significant Reduction in Losses
MONTREAL, Aug. 12, 2011 /CNW Telbec/ - Xebec Adsorption Inc. (TSX: XBC) ("Xebec"), a provider of biogas upgrading, natural gas and hydrogen purification solutions for the clean energy market, announced today its 2011 second quarter financial results.
Revenue increased 9% compared with second quarter 2010 and 40% over the six month period.
EBITDA is now at $(0.466M) for the six month period ended June 30, 2011 compared to $(5.164M) for the same period in 2010.
Net Loss was reduced by 63% versus the same period last year and 80% over the six month period.
"We are pleased to report revenue growth in the second quarter. The increase is in-line with our growth initiatives in the biogas and hydrogen segments, while continuing strong performance from natural gas dryers for refueling stations. Engineering service agreements now in place are also having a positive impact on margin contribution. We are continuing to review our operations, giving special attention to the control of our gross margins and the improvement of our working capital. We are steadily moving to a more efficient structure, focused on our strategic priorities, said Mr. Kurt Sorschak, Chief Executive Officer of Xebec.
Financial Results
Revenues
Xebec posted revenues of $4.5 million for the second quarter of 2011, an 8.8% increase compared to $4.1 million in the second quarter of 2010. For the six-month period ended June 30, 2011, the total revenues amounted to $8.6 million, a 39.6% increase compared to $6.1 million for the same period last year. This increase is the result of a stronger order backlog going into Q2/11 and revenue from the monetization of certain intellectual property.
Order Backlog
As of August 11, 2011, total order backlog stood at 11.4 million, compared to 11.7 million as at August 10, 2010.
Gross Margin
Xebec's gross margin for the second quarter of 2011 amounted to $0.9 million, compared to $0.5 million for the same 2010 period. For the six-month period ended June 30, 2011, the total gross margin amounted to $2.9 million, compared to $0.6 million for the same period last year, resulting mainly from an increase in margin from product sales, newly added engineering contracts and license revenues, combined with our cost control measures.
EBITDA and Net Loss
The EBITDA for the second quarter of 2011 amounted to $(0.6) million compared to $(2.5) million in the second quarter of 2010. For the six-month period ended June 30, 2011, the EBITDA amounted to $(0.5) million, compared to $(5.2) million for the same period last year. The improved EBITDA is the result of improved gross margin and lower overhead expenses.
The net loss for the second quarter of 2011 totaled $1.0 million, or $0.03 per share, compared to a net loss of $2.8 million, or $0.10 per share for the same 2010 period. For the six-month period ended June 30, 2011, net loss was $1.3 million or $0.03 per share, compared to $6.2 million or $0.21 per share for the same period last year, reflecting primarily a $2.2 million increase in gross margins and a $1.7 million decrease in selling and administrative costs
Selling and administrative expenses were $1.8 million for the second quarter of 2011, compared to $2.7 million for the same 2010 period. For the six-month period ended June 30, 2011, selling and administrative were $3.7 million, compared to $5.4 million for the same period last year. The decrease is mainly attributable to the implementation of cost control measures.
As at June 30, 2011, the Company's cash on hand totaled $0.5 million, compared to $2.3 million as at December 31, 2010 and $2.3 million as at June 30, 2010.
Xebec 2011 second quarter Financial Statements and Management's Discussion and Analysis include further information on the Company.
Outlook
For the remainder of this year, Xebec will focus on further improving its financial position, finalizing its standardization work on biogas upgrading plants and improving its market position in its various market segments. In addition Xebec will continue its efforts to monetizing some of its assets and certain parts of its intellectual property, in order to create additional liquidity and strengthen its balance sheet.
Options
On June 13, 2011, the Company granted 185,000 share purchase options at $0.26 per share to employees. On July 4, 2011, the Company granted 200,000 share purchase options at $0.27 per share to one of its officers. On August 11, 2011, the Company granted 875,000 share purchase options at $0.22 per share of which 150,000 were to officers of the Company. Furthermore, non-management Board members agreed to a Board fees reduction. To compensate the decreased retainer, the company will grant options to those members for a value of $12,000 annually. The grant will be $6,000 (54,545 share purchase options) for the remainder of this fiscal year.
Sale and Leaseback of the Blainville Building
On July 21, 2011, the Company has accepted an offer to purchase its building in Blainville. The closing shall occur on or about September 30, 2011. This transaction will be accounted for as a sale and leaseback transaction; the purchaser is leasing back the Blainville location to the Company for fifteen years.
This company is keen on executing its plan and appears to be doing just that. Another great development for this company poised to be the leader in aggregates for the gigantic oil sands industry.
Athabasca Minerals Receives Metallic and Industrial Minerals Leases for Frac Sand Project at Firebag
EDMONTON, ALBERTA --(Marketwire - Aug. 16, 2011) - Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX VENTURE:ABM) is pleased to announce it has received approval from the Government of Alberta for Metallic and Industrial Mineral Leases totaling 12,800 hectares at the Firebag Frac Sand Project. This project is located in the Wood Buffalo region of northern Alberta, accessible by major road and near water and power sources. Athabasca intends to continue development of this project by initiating a National Instrument 43-101 technical report and pilot scale production of frac sand.
Athabasca previously announced test results of the frac sand on June 10th, 2011 and July 28th, 2011, which demonstrated that the quality of sand meets or exceeds API/ISO specifications for proppants used in hydraulic fracturing and gravel-packing operations.
President Dom Kriangkum states: "We are extremely pleased at the continued progress of the Firebag Frac Sand Project, and look forward to additional positive developments which will confirm the economic viability of frac sand production. This potential revenue stream further complements our existing revenues generated from the Susan Lake Aggregate Operation and Camp Operations. In addition to this, we continue to investigate industrial minerals which benefit from the heightened activity in the oil and gas and oil sands industries."
About Athabasca Minerals Inc.
Athabasca Minerals Inc. is a resource company involved in the management, exploration and development of aggregate projects. These activities include contracts work, aggregate pit management, new aggregate development and acquisitions of sand and gravel operations. The Corporation also has industrial mineral land holdings in the vicinity of Fort McMurray and Peace River, Alberta, for the purpose of locating and developing sources of industrial minerals and aggregates essential to high growth economic development.
Why would they file after dilution? They would file get the pps surging and then dilute so they could make more money of the shares.
You have another theory?
Where are the filings! It doesnt take this long to file a material event like a JV.
I dont care about projections by the company or for the entire industry. Its irrelevant until you can prove you are capable of taking a piece of the pie.
A plan without action is a daydream, but action without a plan is a nightmare.
The market does not share your enthusiasm for this stock at the moment.
RSI is firmly in negative territory.
ACC/DIS is -200 Million right now. That is a huge giant red flag.
This kind of post is exactly why people stay away from this stock.
Define "almost over". Today, tomorrow, next month?
And why do you think its almost over?
Can I quote you on that?
Define "Winner" and why is it one?
Its my opinion that if you dont believe the stock is being diluted then you shouldnt be investing in anything.
But seriously.. a better question is "who believes dilution is NOT ocurring?"
I hope your right. I do have a position here. Having said that.. I have been in a few other stocks that have followed the same kind of cycle with PR's regarding JV's and VC's that end up being smokescreens for management to dilute or line their own pockets.
Buy on the dips works if there is a relatively strong support line and I have yet to believe that this wont dip more. My fear of buying on the dips is that with an Authorized Share count that is absolutely astronomical we are likely to see severe dilution followed by a potential RS. Dilution. Rinse. Repeat.
If I see any filings that lead me to believe otherwise I will gladly post a change in sentiment but until that day comes I am on the sidelines looking for an exit.
You dont stand up in an avalanche. My brother. It has just as much chance as dropping another 70% as it does going back up. Actually with dilution the former is more likely.
And perhaps a serious lack of follow-through on these PR's. How can they not be in the filings at this point?
Serious dilution.
TIO Networks Q4 2011 US$ Transaction Revenue Increases 20%
"36 Consecutive Quarters of Transaction Growth"
VANCOUVER, Aug. 16, 2011 /CNW/ - TIO Networks Corp., (TSX-V: TNC), North America’s leading multi-channel expedited bill payment network today reported transaction volumes for the fourth quarter ended July 31, 2011.
Are you guys really this naive? The stock has lost 70% of its value in a very short period of time. Its not rocket science.
How do you know all of this? The company is obviously diluting. Doesn't take much to figure that out, but how do you know they are close to filing, etc?
Quite remarkable I'd say.
BJCT has a pretty broad IP portfolio. Some devices are getting ready for submission to FDA for approval. I wonder if COV would be interested in BJCT for devices at all. COV recently mentioned they are looking to acquire a heavier stake in devices and less in pharma.
Looks like this company has turned the corner and gotten a foothold. Perfect timing to finally get in maybe?
This stock looks very promising as their revenues are significantly improving and reportig to be +100% for this quarter vs last year.
Second Quarter Revenue Increases 107% Over Same Period A Year Ago
PORTLAND, Ore -- Bioject Medical Technologies Inc. (OTCBB:BJCT), a leading developer of needle-free drug delivery systems, today reported financial results for the second quarter ended June 30, 2011.
Bioject reported revenues of $2.4 million for the quarter ended June 30, 2011, compared to revenues of $1.2 million in the comparable 2010 period. Product sales were $2.2 million in the 2011 period compared to $1.0 million in the comparable 2010 period. License and technology fees were $209,000 for the quarter ended June 30, 2011, compared to $117,000 in the comparable 2010 period. The Company reported operating income of $276,000 in the second quarter of 2011 compared to an operating loss of $593,000 in the second quarter of 2010. Included in the current quarter operating income is $155,000 of non-cash charges comprised of non-cash compensation expense related to the fair value of stock-based awards and stock funding of $49,000, compared to $197,000 in the comparable year ago period, and depreciation and amortization of $106,000 in the current quarter, compared to $138,000 in the prior year-ago period. Net income allocable to common shareholders for the second quarter of 2011 was $248,000 compared to a net loss allocable to common shareholders of $580,000 in the comparable 2010 period. Cash at June 30, 2011 totaled $0.9 million.
Basic and diluted net income per share allocable to common shareholders for the quarter ended June 30, 2011 was $0.01 per share on 18.7 million and 36.3 million weighted average shares outstanding, respectively, compared to a net loss of $0.03 per share on 17.8 million weighted average shares outstanding for the same period of 2010.
For the six months ended June 30, 2011, Bioject reported revenues of $4.1 million compared to revenues of $2.3 million in the comparable period of 2010. Operating income for the six months ended June 30, 2011 was $123,000 compared to an operating loss of $1.1 million in the comparable period of 2010. Net income allocable to common shareholders was $66,000, or $0.00 per share, in the six-month period ended June 30, 2011 compared to a net loss allocable to common shareholders of $1.1 million, or $0.06 per share, in the comparable period of 2010.
“Second quarter 2011 revenue increased 107% over the same prior year-ago time period and we are very pleased by these positive results,” said Ralph Makar, Bioject’s President and CEO. “The significant increase in second quarter 2011 revenue contributed greatly to the over 76% revenue growth for the six months ending June 30, 2011, as compared to mid-year 2010 revenue. Due to our higher revenue, driven by increased sales to Merial and additional one-time orders to Merck Serono for 2011, which we began shipping in the second quarter, Bioject was able to report positive net income for both the quarter and the six months ended June 30, 2011,” commented Mr. Makar. “Cash on hand was $894,000, an increase of over $700,000 as compared to year-end 2010, thanks to improved accounts receivable turnover and a convertible debt financing of $225,000 by four board members, including myself. Bioject has overcome many challenges over the last few years to achieve positive net income in this most recent period and we must now leverage this short-term result to address new obstacles ahead, find new business and plan for the future,” added Mr. Makar.
Are they going to 8k any of these "joint ventures"? Arent they material events?
Nobody knows the stipulations and clauses that are being negotiated. Dont assume you know whats going on or even have the capacity to do so. This is not a simple matter.
Progress is progress. Your timeline doesnt really jive with the reality of the situation in my opinion.
You're going to start washing cars?
Athabasca Minerals to Proceed With Normal Course Issuer Bid
Athabasca Minerals to Proceed with Normal Course Issuer Bid
Edmonton, Alberta, August 8, 2011 - Athabasca Minerals Inc. (the "Corporation" or "Athabasca"- TSX Venture: ABM) announces that it has obtained regulatory approval to proceed with a normal course issuer bid (the "Bid") whereby Athabasca may purchase up to a total of 1,353,375 common shares representing approximately 5% of the common shares of Athabasca currently issued and outstanding (27,067,499 common shares were outstanding as at August 1, 2011). It is expected that the Bid will commence on August 12, 2011 and terminate on August 12, 2012.
All acquisitions of common shares by Athabasca pursuant to the Bid will be made through the facilities of TSX Venture Exchange Inc. at the market price of the common shares at the time of the acquisition. There are no persons acting jointly or in concert with the Corporation in respect of the Bid. Athabasca is making the Bid to stabilize the trading price and provide liquidity in the market for its common shares.
ABM is poised to break out pretty quick here.. Two significant PR's today.
Athabasca Receives Additional Positive Frac Sand Test Results
Athabasca: 34% rise in Second Quarter Revenue escalates profit performance
And it just keeps on getting better. Big upswing coming in my opinion. Perhaps an uplisting aswell.
Stay tuned.
Athabasca: 34% rise in Second Quarter Revenue escalates profit performance
Edmonton, Alberta - July 28 2011 - Athabasca Minerals Inc. (the "Corporation" or "Athabasca" - TSX Venture: ABM) is pleased to announce the filing of its Q2 financial results for the three and six month periods ended May 31, 2011.
During Q2 2011, the Corporation generated aggregate sales revenue in the amount of $2,371,573, compared with $1,763,173 during Q2 2010, an increase of 34.5%. Athabasca reports net income of $350,761 during Q2 2011, an increase of $651,477 over a Q2 2010 net loss of $(300,716). Aggregate tonneage demand intensified during Q2 2011, rising by 24.9% over Q2 2010 (1,465,117 vs. 1,172,705 tonnes). Year to date tonneage demand increased by 18.5% over the same six month period in 2010 (2,344,731 vs. 1,979,093 tonnes). A 9.1% rise in tonneage demand was reported for Q1 2011 versus Q1 2010 (879,613 vs. 806,388 tonnes).
Dom Kriangkum, President & CEO stated, "Athabasca is very pleased with improving market demand for its aggregates, and the positive effect on the Corporation's reported profitability. The core aggregate management operation is performing well. Meanwhile, we also continue to focus on our minerals exploration and development program. Recent announcements of favorable results from independent tests on Athabasca's silica sand resources, along with the development of our Kearl sand and gravel pit as announced earlier this year, combined with the strong performance in our core aggregate management operations, all underscore the Corporation's continuing positive momentum."
The complete financial statements for Athabasca for the six month period ending May 31, 2011 and Management's Discussion & Analysis for the same period are available for viewing on the Corporation's web site at www.athabascaminerals.com and on SEDAR at www.sedar.com
Athabasca Receives Additional Positive Frac Sand Test Results
July 28th 2011 - Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX Venture: ABM) is pleased to announce it has received additional test results of conductivity and permeability of its 20/40, 40/70 and 70/140 frac sand. The testing was performed by Stim-Lab, Inc., an independent firm based in Duncan, Oklahoma that specializes in proppants testing for the oil and gas industry. The samples were selected from various test holes that represent a typical layer of silica sand from the Corporation's 12,800 hectare Firebag property located in the Wood Buffalo region of Northern Alberta.
These test results, together with test results previously announced on June 10th, 2011, provide positive indication that the Corporation's Firebag property silica sand is suitable for use as quality proppants in hydraulic fracturing.
Conductivity testing evaluates how easily fluid can pass through sand at reservoir conditions. Various closure stresses are tested to determine how sand withstands forces at different depths and pressures. Permeability is a measure of the ability of fluids to flow through sand (or other porous media), expressed in units termed Darcys.The samples were evaluated at 2 lb/ft2 at 150 °F and long-term for 50 hours at 2000, 4000, 6000, 8000, and 10,000 psi closure stress between slabs of Ohio Sandstone core.
Previous test results demonstrate Athabasca frac sand in 20/40, 40/70 and 70/140 sizes exhibit high quality crush strength silica ratings, and can be processed with minimal waste. All three grades of frac sand meet or exceed API/ISO specifications for use as quality proppants in hydraulic fracturing in many types of reservoirs, as well as in gravel packing operations.
These results were indicated to be comparable, and in some fractions superior, to those of selected industry standard frac sands.
Dom Kriangkum, President of Athabasca, commented: "We are very pleased with these most recent test results of Athabasca frac sand, and look forward to establishing the quantity potential of our silica resources in the coming months. The demand for frac sand has increased substantially in recent years. The Corporation seeks to position itself as a market leader in the supply of quality frac sand within Alberta and other regions in Canada and the United States.
The Corporation intends to explore opportunities with companies interested in utilizing its high quality natural frac sand."
Darrell Cotterrill, PGeol, is identified as the qualified person of the Corporation under NI 43-101 for this news release.
If it hits .019 Im sure there will be a lot of buying. I dont see it happening but if it does I am right there with you. Thats a no brainer.