full-time investing; total portfolio up over 130% in 2009; but 2010 sucks!
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Doubled up at .30 today . . .
Getting anxious to hear something good . . .
More partners would be nice . . .
Microcap Index performance charts:
http://seekingalpha.com/article/177769-the-appeal-of-micro-cap-etfs?source=article_lb_articles
What interview, that is, who is being interviewed by whom?
Thanks,
'peeker
ps> long ALLRF.pk but considering more ...
Gold Index Options vs. Gold Stocks???
http://seekingalpha.com/article/177511-gold-bugs-are-warned-again?source=email
Worth considering: Buy gold index options vs gold jrs for a good profit if gold prices rebound. This approach limits risk, especially compared to gold jrs that have high cash costs to mine gold.
Another approach would be to buy options on large gold producers rather than on a gold index.
'peeker
ps> I'm thinking about this because my portfolio is overweight gold jrs, so I'm worried about the market treating my portfolio like a shriveling member in a snow storm.
Tara Minerals Announces 10 g/t Gold and 150 g/t Silver From San Felipe Vein
Press Release
Source: Tara Minerals Corp.
On 9:48 am EST, Thursday December 10, 2009
Companies: Tara Minerals Corp.Tara Gold Resources Corp.
CHICAGO, IL--(Marketwire - 12/10/09) - Tara Minerals Corp. (OTC.BB:TARM - News) (Berlin:6T3 - News), a subsidiary of Tara Gold Resources Corp. (Pinksheets:TRGD - News) (Frankfurt:T8N - News), is pleased to announce that independent assays of 10 channel samples from the new San Felipe gold/silver vein returned an average grade of 10.06 grams per tonne gold and 149.85 grams per tonne silver. The San Felipe structure, which hosts the gold-bearing quartz vein, has a known strike length of approximately 850 meters and an exposed vertical height of approximately 400 meters. The vein remains open both along strike and at depth.
A decision has been made to aggressively pursue the development of the San Felipe structure by developing production from 3 levels. Roads from the mine site to the mill are being upgraded in order to give proper access to all 3 levels. Mine development has already begun with approximately 550 tonnes mined, to date, from the San Felipe workings. A drill program has been planned and bids to drill San Felipe and the Don Roman structures are being accepted and reviewed.
Initial profitability projections for the mining, processing and sale of the gold/silver concentrate, based on continued production of ore grade material with grade similar to that in the channel samples, could exceed that of the zinc/lead/silver concentrate. The mill is currently processing the Don Roman zinc/lead/silver ore at a rate of 120 tonnes per day with the ability to now process 240 tonnes per day, once recoveries have been optimized. Work continues towards the goal of enhancing the plant and reaching our final processing capacity of 450 tonnes per day.
Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated, "The San Felipe vein continues to provide positive results, which serve to further enhance the projects potential. We will now continue to mine and stock pile gold/silver ore grade material in order to perform a test production run of a minimum of 1,000 tonnes. Additionally, the drilling program has been designed to establish the continuity of these gold and silver grades along strike and down dip."
The qualified person who has reviewed this news release is Dana C. Durgin, M. Sc. Economic Geology. He is a Certified Professional Geologist (CPG #10364) with the American Institute of Professional Geologists, and a Registered Professional Geologist in Wyoming (PG-2886).
09:05 SMED: Sharps Compliance prices public offering of common stock at $9.75 per share (10.45)
Your MDF getting a boost today.
14:48 Metropolitan Health Networks initiated with a Buy at CK Cooper; tgt $3 (2.03 +0.09)
CK Cooper initiated coverage of MDF with a Buy and $3 tgt, noting the co operates a physician provider service network that services over 35,000 Medicare Advantage beneficiaries through four risk-based contracts with Humana (HUM) and one Humana subsidiary. Firm notes that MDF currently trades at 2.4X EV/EBITDA and 7.3X P/E versus the comparable group which trades at 4.5X EV/EBITDA and 12.7X P/E.
IMHO, the mkt knew GORO was doing this. I think they were just putting something to underpin the price while gold continues to be weaker than last week). Glad to hear the news nonetheless. Surprised they didn't go ahead and mention a deal to sell their concentrate. Maybe they are still negotiating that.
Catholics in Mexico will be celebrating Christmas, so I don't expect much to happen (at the mill) between now and 31December.
'peeker
Tummy better? Let's roll!!!
Gene, call Jason if you need a seltzer. He can calm your tummy.
;>)
'peeker
IMHO all posts about JBII were totally within the expectations for this board. This is the anything goes board for bringing unprofitable companies (that may fly) to attention of VM regulars.
JBII, which you have supported here, has flown today.
Congratulations, and thanks to you and others who posted about it here.
'peeker
TradeStation is totally hot (or cool, depending on your age):
Positives:
Great for keeping tabs on profit/loss on open positions. Great charting, great access to news, fundamentals, financials, etc. Great for creating various special purpose workspaces. Provides access to futures trading, eminis, etc. (but I don't use that much). "Matrix" tool shows gain/loss for an open position and volume of bids/asks and prior sales at each price. Easy viewing of options just by clicking on the stock symbol (stock quote tool can be synched to options, matrix, news, fundamentals, etc.).
Lots of technical tools can be added to the views, and many traders' platforms have been customized for use on Tradestation.
Negatives:
Charges fees for certain services and access to some data sources.
Does not allow trading of OTCBB or pink sheet or foreign stocks, but still allows good quotes for OTCBB and some pink sheets.
Takes awhile to find a lot of the powerful features unless you can copy other users's workspaces.
BTW:
If you decide to try it, I'll be happy to share some workspaces and desktop (uses tabs for multiple specialized workspaces).
ENTZ: Thanks, I bought some today. Here's Financial Data on ENTZ (per Tradestation); seems somewhat conflicted (????):
Ratios:
Cash/Share (FY) 0.31
Cash/Share (MRQ) 0.52 like you said, >.40 after dividend)
Quick Ratio (FY) 1.61
Quick Ratio (MRQ) 1.70
Current Ratio (FY) 1.62
Current Ratio (MRQ) 1.71
Total Debt to Assets (FY) 0.53
Total Debt to Assets (MRQ) 0.42
Total Debt to Total Capital (FY) 4.16 ????
Total Debt to Total Capital (MRQ) 3.11
Total Debt to Equity (FY) 4.35
Total Debt to Equity (MRQ) 3.21
Assets:
Total Cash (MRQ) 3.84
Receivables (FY) 13.09 ????
Receivables (MRQ) 10.08
Inventory (FY) 0.12
Inventory (MRQ) 0.13
Assets Current (FY) 16.94
Assets Current (MRQ) 15.12
Assets Total (FY) 55.35
Assets Total (MRQ) 50.29
Equity:
Shareholders' Equity (FY) 6.77 ????
Shareholders' Equity (MRQ) 6.55
Book Value Common Equity (FY) 6.77
Book Value Common Equity (MRQ) 6.55
Book Value Tangible (FY) 6.77
Book Value Tangible (MRQ) 6.55
Book Value / Share (FY) 0.88
Book Value / Share (MRQ) 0.88
Book Value Tangible / Share (FY) 0.88
Book Value Tangible / Share (MRQ) 0.88
Book Value per Share Growth 5 Yr 5.71
Liabilities:
Total Current liabilities (FY) 10.45
Total Current liabilities (MRQ) 8.83
Total Liabilities (FY) 48.59
Total Liabilities (MRQ) 43.74
Long Term Debt (FY) 0.14
Long Term Debt (MRQ) 0.08
Total Debt (FY) 0.29
Total Debt (MRQ) 0.21
GSS: Bought 5Ksh at $3.50 just in time for Bernanke to open his mouth on the behalf of gold longs.
Goooo Ben!
'peeker
ps> GDX (gold miners) and GDXJ (jr. gold miners) ETFs now recovering since it appears gold decline has bottomed, at least for now (gold now back up to 1160/oz).
GSS: On Friday, the news about $75million offering came out indicating a price per share of $3.75. Due to gold's fall the last couple of days, GSS is now down to $3.50... Does anyone know if the offering was completed, or perhaps it may be pulled back and offered at a lower price again?
'peeker
GSS: On Friday, the news about $75million offering came out indicating a price per share of $3.75. Due to gold's fall the last couple of days, GSS is now down to $3.50... Does anyone know if the offering was completed, or perhaps it may be pulled back and offered at a lower price again?
'peeker
Thanks for the feedback. I spoke to RedChip last week about growth in annual MW production, and they said they would get back with me. This provides context to the latest PR announcing the two solar panel contracts totaling 23MW for 2010 (valued at approximately $46 million). Basically these two contracts for 2010 provide the same MW as shipped for all contracts in 2009. They also represent the total revenue for 2008, but future contracts should allow WEMU to show further revenue growth in 2010.
Comparing to 2009 revenues, it appears that the deterioration in solar panel prices has just about run its course, so WEMU should remain (reasonably) profitable in 2010. The unknown remains overall margin in 2010 as competition is still very tough in solar panel business.
Much appreciated.
'peeker
Watching gold fluctuations at:
http://www.kitco.com/charts/livegold.html
'peeker
ps> I've no clue which way it heads from here.
Tara Minerals Reaches Agreement to Sell Concentrate to Glencore
12/07/2009
Download this Press Release
CHICAGO, IL -- (MARKET WIRE) -- 12/07/09 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to announce that the Company has reached an agreement to sell all of its zinc and lead Don Roman concentrate to Metagri S.A. de C.V., a local Mexican subsidiary of Glencore International AG. The agreement includes payment of 85% of the final zinc content and 95% of the final lead content, minus applicable quality, shipping and processing costs and also payment for gold and silver content within the concentrate. The agreement is for a five year term with an extension clause.
Metagri / Glencore has also agreed to provide technical assistance from its worldwide mining and metallurgical operations towards increasing and optimizing production levels at the Don Roman mine and mill. The Glencore technical team has already visited the plant on a couple of occasions and has proven to be a valuable resource. The technical support will also be available to assist with other business development opportunities between Tara and Metagri/ Glencore.
Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated, "Glencore has international reach and a wealth of technical knowledge. While forming the relationship, they have consistently expressed an attitude of partnership aimed at developing a successful and profitable project for our company and a consistent quality product for them. We look forward to working with Metagri / Glencore on an on-going basis. We have been stockpiling processed concentrate and shipments to Metagri will begin immediately."
Tara Minerals Reaches Agreement to Sell Concentrate to Glencore
12/07/2009
CHICAGO, IL -- (MARKET WIRE) -- 12/07/09 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to announce that the Company has reached an agreement to sell all of its zinc and lead Don Roman concentrate to Metagri S.A. de C.V., a local Mexican subsidiary of Glencore International AG. The agreement includes payment of 85% of the final zinc content and 95% of the final lead content, minus applicable quality, shipping and processing costs and also payment for gold and silver content within the concentrate. The agreement is for a five year term with an extension clause.
Metagri / Glencore has also agreed to provide technical assistance from its worldwide mining and metallurgical operations towards increasing and optimizing production levels at the Don Roman mine and mill. The Glencore technical team has already visited the plant on a couple of occasions and has proven to be a valuable resource. The technical support will also be available to assist with other business development opportunities between Tara and Metagri/ Glencore.
Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated, "Glencore has international reach and a wealth of technical knowledge. While forming the relationship, they have consistently expressed an attitude of partnership aimed at developing a successful and profitable project for our company and a consistent quality product for them. We look forward to working with Metagri / Glencore on an on-going basis. We have been stockpiling processed concentrate and shipments to Metagri will begin immediately."
15:00 Gold continues to sell off in electronic trade, trading to fresh lows at $1147.40; now down $67.50 to $1150.80
13:42 WOW! Feb gold dropped $49.30 to close at $1169.00, March silver fell 60.8 cents to $18.52 and March copper closed lower by 0.75 cents to $3.2375.
13:14 Floortalk on Briefing.com: Today's ugly intraday reversal in the major averages following unambiguously positive employment data can be considered a more extreme case of "sell the news". Essentially, the major averages have been rallying for months now in anticipation that we'd soon see that defining piece of economic data which would confirm that the recovery was for real. Well, this week we got not one, but two news items that induced that "wow" reaction: BAC's announcement Wednesday afternoon that it was able to repay its TARP money, and this morning's November Non-Farm Payrolls data, which finally showed a clear (albeit modest) improvement in the employment picture.
The fact that the major averages were unable to rally on this one-two punch of positive catalysts speaks volumes about how much good news this market has already priced in.
Additionally, as most market participants know by now, movement in the dollar these days exerts a major influence on equities, and this morning persistent strength in the dollar has likely put some additional pressure on the major averages since this dollar strength is likely based on expectations for sooner-than-anticipated rate hikes (in other words, a stronger than expected economic recovery suggests that the Fed would turn more hawkish in anticipation of potential inflation as growth accelerates). With the weaker dollar being a key ingredient in the equity market's recent ability to set highs and remain near them, the idea of a sustained change in the direction of the currency has more immediate negative implications for stocks than the longer-term positive implications a strengthening economy, which as we said above, has already been baked into valuations to some extent.
So essentially, the combination of the major averages' inability to hold onto their gains Thursday following BAC's surprise TARP announcement, and this morning's failure to hold onto its gains following a hugely positive jobs report, suggests that stocks had already baked in a large portion of this good news. Put another way, perhaps we've already climbed to the top of the proverbial Wall of Worry. For technicians, clues that a reversal may be in store have been occurring throughout this week, as each minor new high attempt in the S&P 500 was met with heavy selling, creating a series of bearish reversal bars along the highs that are typically interpreted as near-term topping patterns (this was particularly noticeable yesterday in some of the recent highfliers). So this morning was viewed as something of a fulcrum day for the market: after two days of failed breakouts in the S&P, if we can't rally to new highs today after this data -- and more importantly hold onto those gains -- then the path of least resistance would shift decidedly to the downside.
As always on a key day like today, investors should keep things in perspective. While we've seen some nasty intraday reversals, we haven't broken below any intermediate term technical levels in the major averages. As always on a day like today, pay particular attention to how we close this afternoon (do we rebound back to the highs, or does renewed selling pressure dump stocks back down to the lows?). The psychological implications will almost certainly strongly influence foreign markets and how we start off Monday morning.
The big unanswered question is will Asian trading take it up Monday before we open in US? Also what happens if future traders have to sell to meet margin reqs. We should expect some volatility Monday, so for me ... there is still too much "risk of the unknown".
So... I'm not adding, 'cuz I'm feeling already "long enuf of gold" juniors.
'peeker
Gold futures down about 3.5% (freaking minus $44)
What happens at end of day for those still long futures? Will they have to sellout late in day to avoid weekend risk (??? maybe it's already happened for the big guys, so they have already dumped ???)
GDX (Gold Miners Index) down 4.8%
GDXJ (Junior Gold Miners Index) down 4.6%
GSS down 11%
LACHF down 10%
FVITF down 6%
AGT down 6%
OCANF down 5%
HWTHF down 4%
GORO down 4%
MEAOF down 3%
TRGD even on the day
ps> Tiger has changed his name to Cheetah.
Gartman's gotta be pukin' nuggets today, being LONG OF GOLD as he loves to be! Would be interesting though to see what he says about whether there's anything in place to limit the drop from spreading to Asia on Monday... yikes... gold could be down another $25 before our gold jrs open again in US and Canookie-loonie land.
'peeker
11:03 S&P rebalancing due BAC stock issuance
Notes BAC issued a large number of equivalent shares at the close yesterday. Also notes that there will be a rebalancing in the S&P 500 today at the close. So BAC's weighting will increase in the S&P 500 because they issued 1.826 bln in common equivalent securities (which are common shares and that is what the S&P is treating them as). Indexers will need to buy about 141 mln shares of BAC and sell the rest of the index. Says this could pressure the market at the close.
Total MW of solar modules...
Anyone have total MW sold in 2008, estimated totals for 2009 and 2010? Trying to assess the added value of the new contract for 28MW to be delivered in 2010.
Thanks in advance!
'peeker
09:19 APWR: A-Power Energy target raised to $19 at Dougherty & Co following earnings (16.03)
Dougherty & Company raises their APWR tgt to $19 from $12.50 following Q3 earnings yesterday morning. APWR re-iterated its FY09 guidance, announced a few new DG deals, recently started its large DG project in Thailand, and anticipates shipping a few wind turbines before year-end. In addition, details regarding the timing of wind turbine shipments for the West Texas project is expected "soon." Firm also anticipates additional DG projects to be announced in the coming months.
Gold down hard after good unemployment numbers that cause dollar gains. Looks like a tough day for gold jrs.
Select (major) gold names showing weakness with strength in the dollar: IAG -3.5%, ABX -2.8% (says Appeals court remands decision to District Court on Cortez Hills project ), GDX -2.6%, KGC -2.3%, AUY -2.2%, GG -2.1%, EGO -2.0%, GLD -1.8%, AU -1.3%, GFI -1.1%..
WADE, do you need Tigger to cheer you up! NEP and CNO are up ;>)
APWR earnings are in; slightly disappoints on Gross Profit at .28 vs. .31 expectation. Losses on derivatives took that down to a .02 cent net loss/sh. Revs also came in about 10% short of expectations.
Premkt, down about 7% (thus far).
Not sure if it bounces off $14 area or continues thru as the mkt opens today. For day traders, there will be volatility.
Good luck,
'peeker
ps> long APWR (bought a week too early, or so it seems)
At current rate of dollar drop, we should be at parity w/ Loonie by end of 2009. Seems a shame somehow.
APWR: I added at $16.20 due to bright outlook (longterm). Earnings estimate is for .31 qtr thru Sept, but will probably come in a little light, so we may get a chance to add down to 13ish if they do you the favor of disappointing badly.
We'll know by Friday AM.
'peeker
Nobody loves me or my APWR either. Selling off again today before earnings hit on Thursday, implying some risk holding into earnings.
'peeker (feeling like Eeyore)
TRGD / TARM / ADIT news: Wow!!! As my 7th grade teacher used to say, "Blessed be the tithe."
Coinmaker, let me suggest you try list your coins on eBay as Buy It Now items, then post your eBay link and email here. That will reduce clutter on these high quality investment boards.
Good luck,
'peeker
Sam Dan, did you add on the weakness or cringe (and maybe even curse) like the rest of us TRGD shareholders? I thought you owned TARM, not TRGD.
12:10 TGB (halted; trading resumes at 12:27) will receive $180 million to joint venture 25% of Gibraltar Mine (3.11 +0.02)
TGB announces that it has signed a letter of intent with Sojitz to establish by early 2010 a joint venture over Taseko's Gibraltar copper/molybdenum mine in which Taseko will hold 75% and Sojitz 25%. Sojitz will pay ~$180 million to Taseko for its 25% interest. Taseko will continue to be the operator of Gibraltar.