full-time investing; total portfolio up over 130% in 2009; but 2010 sucks!
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How can NITE be holding back on orders to buy?
CNOA? Wrong sector today. If they release news about a new process for creating organic gold and silver, they'll be in the right place.
Hang in there; they'll move this week but not as part of the PM jr. producers.
Besides, your CNO is up.
'peeker
ps> I own but see CNOA as a good tradeable stock within a channel.
HGC.v/HWTHF.pk: That was a heck of a lot of damage to mkt cap for half a million in working capital. They must have bigger problems than meet the eye. Perhaps the gold grade is too low for highly profitable mining w/o further proven resource to extend mine life.
Anyone have strong opinions about whether recent HGC.v news/developments are hurting potential for stock price appreciation? Although the price has fallen back recently, it seems that the opportunity is slipping to "hold" or "sell" territory lately.
'peeker
ps> I own a chunk but am considering unwinding my HWTHF.pk position and rolling the cash into something else this week.
Drexion, nice work. Thanks for doing the math. It looks like they are still growing nicely and they do have a customer base, but the unknown is how competitive WEMU can afford to be versus the many other panel makers in China as solar panel prices continue to drop due oversupply.
Uh-Oh, could be trouble holding the attention of the audience if they include beer with the buffet:
5pm: Hors d’ Oeuvres Buffet featuring Jumbo Shrimp and BC Smoked Sockeye Salmon
MMMMMMMMMMMMMmmmmmmmmmmm love that Salmon from Sockeyes
'peeker
Chicago mtg: Are presentations available live online or as a replay?
Anybody have a link to the conference?
Loewen, Ondaatje, McCutcheon (LOM) analyst Mike Fowler has recently published a report on AAA.v to LOM's clients with a Speculative Buy rating and price target of $1.15
Let's hope he's right. Thanks for mentioning Allana here; I only got in at .28 but proud to be onboard. IMHO, only major downside is they have a long way to go and will probably stall out much like KCL.to has done well before actually getting to production. If the stock does rise substantially short term, there's also the possibility that they do a PP or two to raise more development cash.
'peeker
Loewen, Ondaatje, McCutcheon (LOM) analyst Mike Fowler has recently published a report on AAA.v to LOM's clients with a Speculative Buy rating and price target of $1.15
Let's hope he's right. Thanks for mentioning Allana here; I only got in at .28 but proud to be onboard. IMHO, only major downside is they have a long way to go and will probably stall out much like KCL.to has done well before actually getting to production. If the stock does rise substantially short term, there's also the possibility that they do a PP or two to raise more development cash.
'peeker
Where's Rich today? Frankfurt? Chicago?
Who is in Frankfort and Chicago to brief attendees on TRGD status?
09:43 UVE: Universal Insurance reports Q3 EPS of $0.28 vs $0.19 YoY (6.16 +0.04)
The improvement in net income and earnings per diluted share in the third quarter of 2009 was primarily a result of $12.1 million of pre-tax realized gains on investments and $6.1 million of pre-tax foreign currency gains on investments during the 2009 third quarter, as compared to no realized gains on investments or foreign currency gains on investments during the 2008 third quarter.
09:01 GE closing solar panel plant in US
DJ reports the co plans to shut down its only solar-panel manufacturing facility, as it found that prices for panels fell below production costs, Clean Technology Insight has learned. "On October 23 we announced the restructuring of our solar business to employees and our intent to close the Newark [Del.] facility," said Milissa Rocker, spokeswoman for the company, in an interview. GE's production facility is a victim of a rapidly evolving solar market, where older U.S. plants are shutting down, reducing production, or outsourcing abroad, even as some foreign manufacturers, like those from China, plan to open new manufacturing in the U.S. The decision to shut down production was "mainly due to the challenges in the solar industry, including overcapacity levels that are twice demand and industry pricing that's below the cost of producing the panels," said Rocker. GE plans to stop manufacturing crystalline silicon panels on Jan. 1, 2010. It will close the plant by the end of June of next year, she said. The plant currently employs 82 people. All will be laid off, receiving severance and benefits packages, she said. GE is also "exploring other alternatives" for the plant, she said.
WEMU makes .25/sh
Worldwide Energy and Manufacturing USA Announces Third Quarter 2009 Financial ResultsNet Income up 67.1% Over Third Quarter 2008; Gross Profit up 106% Over Same Period of 2008; Nine Months Net Income up 13.6% Over Same Period of 2008; Nine Months Revenue up 25% Over Same Period of 2008
SOUTH SAN FRANCISCO, CA and SHANGHAI, CHINA, Nov 05, 2009 (MARKETWIRE via COMTEX) --
Worldwide Energy and Manufacturing USA, Inc. (OTCBB: WEMU), a U.S.-based solar module technology and China manufacturing company specializing in products for customers in the industries of solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries, today announced financial results for the third quarter ended September 30, 2009. A conference call to discuss these results is scheduled for Thursday, November 5, 2009 at 4:05 p.m. Eastern time (1:05 p.m. Pacific time). Details on accessing the call follow below.
Highlights of Third Quarter Results
-- Shipments of solar modules increased by approximately 2.99 MW for the
period ended September 30, 2009 compared to the same quarter of 2008.
-- Solar module revenues were $15.53 million compared to solar module
sales of $15.78 million for the same quarter of 2008.
-- EBITDA was $0.42 per share or $1.53 million compared to $0.18 per
share or $560,974 for the same period of 2008.
-- Net Income was $903,357 or $0.25 per share for the quarter compared to
$540,608 or $0.17 per share in the September quarter of 2008, an increase
of approximately 67%.
-- Net income before tax was $1.43 million compared to $555,237 in the
quarter ended September 30, 2009 and September 30, 2008, respectively, an
increase of $873,636 or approximately 157%.
WEMU: On RedChip page:
Worldwide Energy Announces Third Quarter 2009 Preliminary Financial Results
On 8:49 am EDT, Friday October 9, 2009
SOUTH SAN FRANCISCO, CA and SHANGHAI, CHINA--(Marketwire - 10/09/09) - Worldwide Energy and Manufacturing USA, Inc. (OTC.BB:WEMU - News), today announced preliminary, unaudited financial results for the third quarter ended September 30, 2009. The following financial information is preliminary and is subject to adjustments in connection with the final closing of the financial statements and in preparation and filing of the Company's audited consolidated financial statements in its Annual Report on Form 10-K.
For the three months ended September 30, 2009, the Company estimates:
�
-- Revenues increased approximately 74% sequentially to $18 million.
-- Net income from continuing operations is $800,000, or approximately
$0.22 per share, a 46.3% increase over the same period of last year.
-- EBITDA is estimated at approximately $1.2 million or $0.33 per share
for the three-month period.
-- Approximately 80% of the revenues and profit was obtained from the
Company's solar division, AmeriSolar.
-- Nine Months Net Income $0.35 per share, or $1.26 million
"We are encouraged by our progress and strong sales performance in the third quarter," said Jimmy Wang, chief executive officer of Worldwide Energy and Manufacturing. "We continue to see increasing sales and profit growth from our efforts to ramp up production at our solar manufacturing facility. We look forward to providing a more detailed outlook and analysis of our financial performance when we report our comprehensive third quarter financial results in mid November."
All statements relating to the Company's third-quarter financial performance contained in this release are preliminary and unaudited and may change based on the completion by the Company's independent auditors.
WEMU: earnings and CC after the close today.
Not optimistic after last qtr's debacle.
14:21: APWR gets chucked: Sen. Schumer assails Texas wind power project-- Reuters
U.S. Senator Charles Schumer on Thursday called on the Obama administration to block the use of any U.S. economic stimulus funds for a wind farm project in West Texas that would use turbines built in China. He complained that the $1.5 billion project could get an injection of about $450 million in funds from Washington. That money would come from $787 billion Congress approved this year to help bring the United States out of an economic recession with funds for domestic construction projects and other activities. Schumer has asked the Department of Energy to refuse funding for the Texas wind farm unless U.S.-made wind turbines were used. If the agency did not do so, Schumer threatened to take legislative action against economic stimulus funds being used to help foreign manufacturers. Schumer's initiative comes a little more than a week before President Barack Obama is scheduled to be in Shanghai and Beijing. His first trip to China aims to improve bilateral relations, including cooperation on ways to reduce carbon pollution blamed for global warming. The Texas wind farm would have a capacity of 600 megawatts, enough to supply electricity to as many as 180,000 Texas homes. Chinese wind turbine manufacturer A-Power Energy Generation Systems would combine with U.S. Renewable Energy Group, an asset management firm, and Cielo Wind Power of Austin, Texas, to carry out the project.
CNOA: mentioned at StockPreacher.com today
Excerpt:
"The Company has experienced significant growth since its inception. CNOA's expanding portfolio of premium and natural food products is not only including green and organically grown rice, but also California wine, organic soybeans, kidney beans, mushrooms and other premium products. The Company has developed an extensive distribution network throughout many of China's major cities, including Beijing, Shanghai and Nanjing.
"CNOA targets multibillion-dollar expanding Chinese markets for premium and natural foods and wines. In 2007, food and beverage sales accounted for RMB 793.1 billion (USD 104.4 billion) of the total retail sales, a 30% increase over 2006, as China's economy continued on an upward path. In 2007 alone, sales of organic foods by the country's 800 government-certified producers reached $4 billion last year, of which about $140 million comprised exports, both up 20% from a year earlier."
To read the entire report visit: http://www.stockpreacher.com/n/CNOA
Absolutely not, but your suggestion that they would have anything close to "financials" made me laugh.
I certainly hope that much of what Mr.B. said in his interview will be repeated in Chicago and Germany tomorrow. Perhaps it will catch great traction and take us back up to $1.
IMHO - A solid move up will require verification that they have achieved steady production at their mill, allowing TRGD and TARM to have the positive cashflow they've needed for so long.
'peeker
LoL ... hahaha ...
Maybe they'll at least mention how many shares they have outstanding and how much debt they are carrying.
OT: Mark Bittman: What's wrong with what we eat
Crushing plant already up and running. Recent pics on the website show a beautiful worldclass mill and dormitories ready to get dirty. Rather than contracting operations out, GORO is hiring Mexican nationals into the operation of the open pit and mill. They are integrating GORO mine and mill operations into the culture and will be helping a struggling economy grow.
My understanding of what to expect near term:
GORO will get operations at the mill up and running thru floatation cells and truck the concentrate to ports first to get strong cash flow in a hurry. Optimization efforts should result in concentrate shipments before yearend. Achieving the positive cashflow ASAP reduces likelihood of further discounted stock sales to Hochschild.
Agitated leach process will come later (working with cyanide will take extensive training) so pouring their own gold dore will probably happen after the first of the year.
My understanding about further stock sales to Hochschild:
Hochschild currently owns 24% and they can buy on open market. If GORO decides they need more cash, then Hochschild will be given the right of first refusal to buy more shares at discount to 30day avg price.
'peeker
ps> Great company!!! Great investment!!! Low Risk!!!
TRGD.pk has been taking off since CEO Biscan's interview in Germany. Translation was provided by Sam Dan on TRGD board. Lots of good news on their approach for building cash flow with several properties.
Read this post by Sam Dan for details:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43167356
'peeker
Substituting 8 into the release:
Instead of creating a cash-flow of an estimated three million USD per month, we could make as much as EIGHT million USD per month.
Thanks,
peeker
Note: EIGHT makes a very significant difference. Of course, this is nothing at this point but VERY OPTIMISTIC CONJECTURE.
TRGD.pk: Significant details about operations and business plan, as posted by Sam Dan (from very recent interview as translated from German):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43167356
MTO.v/MEAOF.pk: Bodies of three missing miners found - report
November 3, 2009 9:10am ET
* Bodies of all three missing miners found
* Metanor suspends operations at Bachelor Lake mine
TORONTO, Nov 3 (Reuters) - The bodies of all three missing miners have been found at the site of a mine accident in the Canadian province of Quebec, according to a report in the Canadian Press on Tuesday.
The accident at Metanor Resources' Bachelor Lake gold mine occurred late on Friday, when a section of the mine about 500 meters below the surface flooded. The Canadian gold miner has suspended operations at the site.
Rescue workers at the mine had worked frantically for three days to pump the water out of the mine, in the hopes of rescuing the trapped miners.
Metanor Resources Inc has yet to confirm the cause of the flooding.
A spokeswoman for the Quebec Provincial Police told Reuters that they have begun an investigation into whether criminal negligence had led to the accident at the mine.
My opinion: Results of that investigation will have a great impact on stock price one way or another.
WOW!!! That was an excellent summary of TRGD projects and opportunities for cash flow growth. Thanks!
'peeker
ps> Mr. Biscan should not have been so secretive about these details for so long, but (as you have said many times) it appears they will truly help TRGD stock price get a boost as they are presented in Chicago and Germany.
GORO: I believe Reid's exit strategy is get things up and running, then wait for a buyout by Hochschild. No need for an uplisting.
'peeker
15:00 Treasury says expects to borrow $276 bln net marketable debt in Oct-Dec 2009 quarter - Reuters
WOW ... dollar gonna get weaker now?
'peeker
CNOA just fell down and can't get up. Down 20% today alone. I cut myself by grabbing the falling knife at $1.00.
'peeker
CREC News: Interesting technology in China reduces coal consumption:
-- $18.3 million top-line revenue to be recognized in Q3 2009
-- Additional $38.4 million in interest income to be recognized over the 10-year term on a monthly basis
-- Project is expected to decrease annual coal consumption by 52,000 tons, equivalent of 130,000 tons of CO2 emissions
Details at:
http://finance.yahoo.com/news/China-Recycling-Energy-Corp-prnews-4159616264.html?x=0&.v=1
S&P vs Dollar Index (Obvious Inverse Relationship):
TCNH: Getting a boost from legal settlement in their favor
(not VMC profitable, but settlement changes that)
Technest Announces Settlement Agreement With EOIR Holdings for up to $23 Million
BETHESDA, MD, Oct 29, 2009 (MARKETWIRE via COMTEX) --
On October 26, 2009, Technest Holdings, Inc. (OTCBB: TCNH) entered into a settlement agreement with EOIR Holdings, LLC and EOIR Technologies, Inc. ("EOIR"), settling all claims related to the Stock Purchase Agreement which the parties entered into in 2007 to effectuate the sale of EOIR, a subsidiary of Technest at the time.
Pursuant to the agreement, EOIR Holdings, LLC will pay Technest $18,000,000 no later than December 25, 2009 and an additional $5,000,000 within sixty days of EOIR being awarded a contract under the Warrior Enabling Broad Sensor Services Indefinite Delivery Indefinite Quantity (ID/IQ) contract or any contract generally recognized to be a successor contract to its current STES contract. The additional $5,000,000 is also payable to Technest in the event that EOIR is awarded task orders under its current STES contract totaling $495,000,000. EOIR has guaranteed the performance of the obligations of EOIR Holdings under the settlement agreement. The settlement agreement was entered into in the wake of a previously reported binding arbitration decision awarding Technest $23 million for breach of the Stock Purchase Agreement between the parties.
I'll guess CGLD will be next takeover.
stock_peeker
ps> by the way, Gold Jrs that I own are HWTHF, AGT, OCANF, and GORO (also own PAL, known for palladium but also an upcoming gold miner).
12:00 APWR: Co announced that it has been designated to supply wind turbines to a China-U.S. joint venture project to develop a 600MW wind farm in West Texas. The JV Project, which when established will be 49% owned by SPG, with the rest of the equity ownership held by US-REG and Cielo Wind jointly, is expected to be one of the largest wind farms in the United States. Upon completion, it is anticipated to generate enough electricity for 180,000 homes in America. The JV Project is expected to cost in total approximately $1.5 billion, a portion of which is designated for wind turbine purchases, and its establishment is subject to, among other things, further due diligence by the parties, the securing of financing from commercial banks in China, and other project development conditions.
OT: That's the funniest 10bagger note I've read in ages. Nice touch, especially considering the lobotomy.
GORO: Latest pics showed too much pretty and not enough work going on. Reids have not been clear enough about a schedule for starting the mill. Looks like a nice mountaintop hacienda, and they don't want any Mexican workerbees getting it dirty.
IMHO they've gotta get on the stick, start crushing rocks and pouring gold to substantiate their story. If they are hiring locally for mill and mine operators, they've got a lot of training to do. If they contract out most of the mill ops, costs will be higher, but they'll have less equipment damage, less downtime, and better operational results more quickly.
Time will tell, but that's what we've said for a long time with GORO. Maybe it's time for the Reids to take a vacation from the mile-high city and fly/drive to the mountains of Oaxaca, put on some work gloves and steel-toed boots, and get some very expensive hardware very dirty.
'peeker
GORO: Great update in pictures:
http://www.goldresourcecorp.com/presentation/progress/player.html
Great pics, but we could also choose to be disappointed that ops aren't underway already.
Great update in pictures:
http://www.goldresourcecorp.com/presentation/progress/player.html
Great pics, but we could also choose to be disappointed that ops aren't underway already.
France’s CAC 40, Germany’s DAX Set to Fall: Technical Analysis
By Adria Cimino
Oct. 28 (Bloomberg) -- Technical signals show that France’s benchmark CAC 40 Index and Germany’s DAX Index are set to decline in the short term, according to an analyst at Aurel BGC, a Paris-based broker owned by BGC Partners Inc.
The CAC remains positioned for a correction that started when it reached the resistance level of 3,880 points earlier this month and the moving average convergence-divergence confirms the “sell” signal that began a few sessions ago, Alexandre Le Drogoff, an analyst at Aurel, wrote in a note today. “There isn’t a single technical signal that allows us to anticipate a significant rebound at this time.”
He expects a decline to his next objective at 3,630, the short-term pivot point.
For the DAX, the level of 5,000 would be the principal target, Le Drogoff wrote.
“We have enough technical elements today to affirm that a high point has probably been reached on the DAX.”
The index has had trouble advancing after recovering about half of the losses from 2007 to the present, and its failure to move higher is represented by two successive weekly candles in the form of “shooting stars,” according to the note. This signals “the formation of a price summit,” Le Drogoff wrote.
To contact the reporter on this story: Adria Cimino in Paris at acimino1@bloomberg.net.
Last Updated: October 28, 2009 11:54 EDT
General malaise in Chinese stocks on US exchanges for the last 2 days. It also seems strangely counterintuitive that the strong dollar would be so bad for most of our VMC stocks.
Gold jrs getting trampled today.
'peeker (feeling dizzyqueazy)