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the olympics were supposed to provide an opportunity to post large Aguagold banners in well traveled tourist areas. There is a water company with a contract to provide water to a certain portion of the olympics. Forget the company's name and venue. Not worth going back and digging up the info.
Interesting story (see left hand column) front page. It echos my comments from this morning regarding industry challenges, and also reflects the utility side of the equation.
http://viewer.zoho.com/docs/hXbkbf
Tiny:
I am a freebie here and cant pm. Let me answer you this way. The mines are the real thing, no doubt about it. They are valuable and they have met coal which the steel companies use. Coal investors will most likely take a look at this stock based on the Coal Trader piece and analyze the company to see if it is good play.
I should mention that Quest was in a article/pr a week ago or so, as well. So most likely this has already hit coal/non-precious metal investors radar. Many investors most likely wont read past the BK filing. Those that do, will see the same things that Pedro has been posting.
If they get to valuation, all I can say is Met Coal (fully permitted is going for $3-$4/ton). Number moves consistently and is dependent upon the size of the reserves (this is relatively small), quality of the coal (High, Mid, low vol), and whether there is equipment in place to mine the coal.
In this case, one has to assume there are roughly 900 million fully diluted shares. Based on approximately 6MM of recoverable reserves, at the high end $4, that a inground value of $24MM. Divide that by 900 million shares and this is valued at .026/share.
But here, there is always the pinkie factor with momo investors. It is a long way of saying, I have no idea what the pps is going to do. I got in and got out, based soley on the hysteria factor that a pr was going to come out announcing production. I sold into the news.
IMO, no substantial movement to the upside, until a new large contract is announced or production on the second mine.
Pedro:
I usually agree with your assessments, but the hiring of a second shift of maintenance workers is bigger than what it seems (see caveat below).
In the mining industry, particularly in West Virginia/Eastern Kentucky, the major challenges facing coal companies are three things:
1. Labor: Real shortage of coal mine workers, particularly those that want to go underground. Wages are increasing, and most workers on the 2nd and 3rd shift, will jump to another company if they can get on the 1st shift. Better lifestyle.
2. Material Supply Costs: Diesel, which powers all the equipt., has skyrocketed (no secret here). Only the large companies hedge. But it not only impact direct mining costs, but trucking cost. Additionally, rubber, for replacement of tires, belts etc, has skyrocketed and is in short supply. Lastly, explosives are in short supply and costly.
3. Safety regs, have caused the cost of mining to increase as well.
The caveat: While it is great to have a 2nd shift of maintenance people (those that keep the machinery running), I would be nice to have a 2nd shift of miners which Quest does not have at this point.
Tigger:
All I can say is real coal management and investors read this on a daily basis. Just not domestic coal companies and investors, but globally.
Yes, Quest most likely submitted the article/pr, but it is certainly getting global exposure for Quest. That is a fact.
Quest makes front page of todays coal trader.
http://viewer.zoho.com/docs/axcNL
Pedro:
This is the publication that Real coal companies use. This is todays letter:
http://viewer.zoho.com/docs/jIodch
BTW: I a freebie and can't pm.
is there a Mod on here that I can send an email to. I read Platt's Coal Newsletter everyday, and wanted to send the one where Quest was mentioned (opening up the mine) and the most recent. Then everyone can see what real coal look at for pricing etc.
Would be good to put some info in the IBOX. Let me know
Also, you are not going to get all that coal out in year one. There are maybe 5-6 companies in the US that produce more than 3MM coals a year.
Need to figure out what annual net is, than apply an EPS. Or for more current valuation, look at what James River paid for Cheyenne Resources, almost $3/ton of reserves.
Not sure whether Cheyenne, or Pond Creek, is High, Mid or Low vol met coal. Makes a difference in pricing.
Also, need to discount for royalties, etc., as well as the fact, Gwenco is in BK.
errr: Hope everyone makes money here.
Been following this stock for a month or so. Same conflicts between pumpers, longs, burned and saviors as other boards. I am not a newbie to pinkies and take this for what its worth from a newbie to the board:
Chances are high the CEO is just playing a shell game, anyone who believes the valuation (please send me some of what you are smoking). With the right PR (false or true) does it have a chance of moving? Sure.
I think Santini is trying to get it to move, but in the meantime he is playing the shell game enriching himself and others. Don't ask me how, but he is not doing these things out to the goodness of his heart.
How everyone makes money here. I am passing on the play.
Pedro:
Been following the today's action off and on. Havent posted as a few of the "big" traders thought retail investors (like me) were weak hands. I will take my $1500 profit in 48 hours every day.
JIMHO, this one is played, the big news was yesterday. Will be hard to trump that in the near future. Having said that, the mine is a good and they have a good contractor. Gene needs money to rehab the second mine. That when I think the next pop will happen. But that is like lightyears in pinksheet time.
A lowly retail trader.
I'm out, not bad. entry .0235 average selling price .037.
Quix:
Interesting choice of words: "surprise me" "potentially". That sounds like a big "maybe, if, planets align......"
"A $15K FCC fine in itself isnt hard to pay off either, so it wouldn't surprise me to see things potentially come back."
Are you saying that they are profitable now? ("remaining profitable throughout its setbacks"
"Again I dont know everything thats going on here and these are just my own opinions, but I do wish Perihelion well in remaining profitable throughout its setbacks and hope it can resolve the issues it has before it and become successful at what it wants to accomplish."
ON the CC, BB said that "I am not a bio-diesel guy, but what I bring to the company, what I bring to the table, the value is strategic thinking".
He said this in reference to the decision to go with the multi-feed tent instead of the real plant.
I think, in reference to Avdave's point, he is a strategic thinker, but in only in ways to benefit himself.
Shadow:
silence is one thing, missing deadlines is another.
Shoot, I was in meetings all day and didn't see the spike until just now. My .0235's still looking good. Will flip for freebies in the am.
What I dont understand is why Woolong tolerates this. If I were them and was dedicated to setting up a new segment and signed some contracts with supermarkets to deliver water, I would make damn sure it got there.
If were a money issue, I would either loan AQUI the money or advance them money as a percent of future sales. And sauve, the swordsman or PT can't get the job done. Get new people or if you cant do to managment's ties with Canada, drop the line or find a new supplier.
why dont you do it?
I think the previous poster nailed the cc: Some additional color:
1. BB took about 10 minutes to explain the safe harbor statement.
2. Spent most of the monologue updating us on the bio plant. Not once was the radio station mentioned.
3. To his credit, in his monologue, he tried to address the most frequently asked questions.
4. Still don't understand why a R/S had to be done to rectify all the old shares/certs from the numerous subsidiaries of the shell they acquired.
5. As far as the mine, all he said was they were going to try and monetize it.
6. IMPORTANT: I think BB said that if the tank field were set up, they could handle 1/4 million gallons. But as is, they can do about 10MM gallons of bio in a year. 10-15MM. That Lamar is not the brightest guy.
7. BB took way too long with the first caller.
8. By his answer, I think he meant "what are you kidding me, Financial statements"? Get outta here!!!
9. I think he only took four calls in 50 minutes.
10. He said that initially they were going to build a big plant, using some investment bank to float millions of industrial revenue bonds. But BB saw the trend, his words, in rising feed stock and decided to go small.
11. Too much talk on the IRS.
12. Didn't write it down, but 2nd to last caller got BB to admit current A/S, O/S, and fully diluted O/S.
13. Wished someone would have asked what there current cash position is and how they are financing operations.
14. Was a rinky-dink method for taking calls. BB would "hello caller, this should be participant 1234567, what is your question". It was like a game show.
Pedro:
I actually hopped in today. Nothing big, but enough to keep my interest. Got in at .0235. See what happens.
Hasn't been a trade for hours. Why did these guys want to go public? They wasted money on the shell. They came out too soon, IMO
Pedro:
I would have to agree with that. I am sure they are selling. The question is are the proceeds going toward payment of the contract miner (some would have to) and how much is going into Quest's corporate account.
Pedro:
What do you see in today's trading? Also, thanks for all the info on the BK. It is interesting. I actually am looking to throw a little money at this on a dip, as I do think when production starts we will move up.
Not looking for a home run, just a nice gain.
My guess is the questions will be filtered. You will most likely have to give your question to an operator and let BB decide if he wants to address it.
Wally:
I have tried the ostrich theory in the past, didn't work out too well.
In terms of higher listed stocks, at least you have regular reporting (Q's, K's, 8K's), generally have some independents on the board, and have stock analyst as well as quarterly investor conference calls.
Management set the time schedule at least they can do update when the train is leaving the station.
Scream:
I agree, normally I swat pestering flies, in this case, he/she/it shall pass.
Rumor is the SEC contact I posted is getting alot of info on this one.
quix:
I hope you are working for bb and will report the over whelming sentiment of vocal shareholders. Initially you were entertaining, you know the "devil's advocate". Now, the line of support is just boring and meaningless.
If this is such a good play, i would suggest you and bb buy it out. afterall it is only $300k+. With all the profits, I am sure some bank will lend you the money.
bb is just another in a long line of pinksheet scammers. You play them and hope you time the investment right because sooner or later they flame out.
They gave me a long PIN number, says it can be duplicated. Wonder if we all have separate pin numbers so we cant post it on here.
Got my call in number for the big show. Hell, I am not even invested in this stock and I cant wait to see how BB spins it. I am certain, he will try and sping it.
I have not received any info on the call yet.
Is that 59/ton "pre-washed"? If so, wonder what the ratio is between ton removed and clean ton sold.
As a free subscriber, it seems I have to reply to messages, rather than post a new message.
Anyway, I am in New York City, commonly referred to as a "city slicker" "carpet bagger" and even a "yank". All I can say is I have been following this stock for a few weeks and Dog is outstanding. I saw the interview and I am glad that someone has the guts enough to stand up and tell it like it is.
Hats off to Dog, Eddie and others.
Its amazing, having only invested in this after the last shareholders meeting, I feel like an old-timer based on the posters on the board.
Poop:
Look I think this is a dog, but I try to be fair. There is a bid where none existed. However, what they have done is getting the first batter on first base and then intentionally striking at their next 27 at bats (analogy based on a home team)
Regardless of the past, the real question is why kick-start a new campaign (flushway) if you don't have something to quickly follow. Big Tom generated some interest again in this stock, and now nothing.
It seems like the initial marketing (pumping) was a little premature.
Jubby:
All active mines have to report Quarterly production on the MHSA website. You need to go to MHSA's Data Retrieval system http://www.msha.gov/DRS/DRSHOME.HTM and input either mine name, mine number, contractor (White Star) or controller's name (owner). It will bring up a summary. Then below the summary is an option to look at Safety record and below that you click on production figures either by quarter or annual.
Pedro:
I for one very much appreciate your due dili. Whether anyone is invested or considering investing, the BK proceedings are integral to Quest's success or failure.
I would rather have someone post what Pedro does, than read posts of "do you think it will get to a dollar tomorrow" or "are we mining yet". Those are worthless.
Pedro, please post whatever is appropriate from the BK filings.
It matters to a certain degree, but I thought the company was doing the stock buyback, not the CEO personally. This means those shares are not going to be retired into treasury.
Also shows that the CEO thinks he can make money on the shares when the price goes up.