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Wow Rich,
Thanks for the thought out response. Much appreciated. I've followed a lot of China stocks over the last year or so that were verging on uplisting - the result has been varied. It probably wasn't the best question, but the response you gave was very helpful. I tend to invest more than trade, but was hoping my LPIH purchase the other day was before a nice pre-uplist bump up. Thanks again for you time!
Burp
What are you current thoughts on LPIH and the short term action leading up to the uplisting?
TIA
Rich,
What are you thoughts as to where LPIH should settle after uplist? $4 to $4.50 range???
Perhaps the market wouldn't be so confused if the "imminent" PR you were touting yesterday would come out.
Bought today. Uplisting later this year???
http://www.afriquejet.com/news/africa-news/guinean-pm-accuses-cndd-of-embezzlement-2010042948546.html
Guinean PM accuses CNDD of embezzlement
News - Africa news
Conakry, Guinea - In his first press conference since being appointed in February, Guinean Prime Minister, Jean Marie Dore, revealed Wednesday that the country's domestic debt between 2008 and 2009 was about GF 4,000 billion (CFA 4 billion), due to "bad and calamitous management" of the National Council for Democracy and Development (CNDD, ruling party).
The Prime Minister strongly criticized the management of state funds by the former ruling team, the CNDD, then headed by Captain Moussa Dadis Camara, who withdrew from public life since his aide, Lieutenant Aboubacar Touma Diakhite, attempted to kill him on 3 December, 2009.
"CNDD put the country on its stomach, while the Lansa Conte's regime had put Guinea to its knees," Dore said, noting that his team, which was put in place at the conclusion of the Ouagadougou agreements on 15 January, was doing its best despite the scarcity of funds in the country.
According to him, Guinea, which is in urgent need of funds, must sign contracts with mining investors, even if these documents could be improved later "for the happiness of Guinean people.
"I hope the mineral resources of Guinea will enable the country become, in the next 10 years, an emerging country," said Dore, adding that he had urged the Minister of Mining, Mahmoud Thiam, to sign, with the US company, Hyperdynamics, an agreement on oil exploration in a block of the continental plateau.
The Guinean sub-soil, according to several studies, contains, in addition to the strong quantity of bauxite and iron, oil, copper, diamonds, gold, among others.
"As head of government, I trust this company because the Americans came to our rescue several times (...) I haven't touched any penny when signing the contract, I think this could be improved because there is no perfect contract in this area," he said.
"We recall that a recent mission of the International Monetary Fund (IMF) drew the attention of the authorities to many shortcomings, including bad management that might plunge the country into dangerous situations which might result in serious consequences," he said.
Conakry - Pana 29/04/2010
http://www.lesafriques.com/actualite/hyperdynamics-en-guinee-on-va-commencer-le-forage-a-partir-de-septembre.html?Itemid=89?article=23980
To translate article, go to http://translate.google.com/#fr|en| copy and paste the article's website
In CSOL at 35 cents. This one seems like a no-brainer - 4rth Qtr earnings, trading 3 cents above cash value, little to no debt, low float, and minimal warrants with exercise prices above $2. Am I missing something here or is this stock on sale in a big way?
Took a starter position in CSOL at .35 --- Based on 4rth quarter earnings and the fact that they are trading 3 cents above cash value with little debt - we'll this one seems like a no-brainer at this price. Will continue my DD before jumping in anymore.
Burp
What do you think of CSOL here???
I think Olympic Star Pharmacueticals is an actual company.
Here's their website
http://www.olymstar.com/
The company referred to in the list is Olympic star pharmaceutical - how does this relate to BSPM???
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49436096
Posted by: Traderfan Date: Monday, April 26, 2010 12:53:00 PM
In reply to: None Post # of 38961
Just spoke to the CFO of BSPM
I told here about the chatter out there and she told me that she already heard about it a few minutes ago and she doesn't know where this is coming from. She wasn't really talking a lot but confirmed to me 3 times that it's not true. Take it FWIW.
I'm still not sure about the whole deal but it seems that somebody wants to bring down the share price. Unless the CFO wasn't telling me the truth this rumour is BS.
Couldn't get your link to work. Doesn't pass the sniff test given that they were just uplisted. Most companies would have warning of this, I'd suspect. The rumor surely is having its impact on the stock price though.
These are not 4rth quarter financials. This is just an announcement that yahoo financials have been updated to include the 3rd Q 2009 numbers. We're still waiting for the 10K.
Gary
Was your partner ever able to make any contact with anyone at JADA during his visit to China?
Thanks,
GPG
I don't think anyone is going to be concerned with Kent selling some shares. For one, he isn't getting his HDY salary anymore - not sure what he is doing to earn a steady salary if anything right now. Second, he has a ton of shares and it makes perfect sense to steadily sell some and divisify. He will still have plenty to make a bunch on the way up. What is encouraging is that he is doing it very steady and not overwhelming the market - which makes sense for him as he'll get a better price - but certainly there was concern he might have some bad feelings about how things went down. Nice to see the price moving up slow and steady. Hopefully some more good news in the coming weeks/months to spur the slow, steady spiral up!
Anyone know if CKGT is expected to uplist this year?
JADA could stop the bleeding here at any time if they so choose. Assuming Millstone's reporting is correct re the audit report being done, JADA could simply issue a PR releasing earnings. Even if they anticipate a few days or another week delay in filing the 10-K (which hopefully they don't), they could still show a sensitivity to shareholders right now by releasing earnings today.
Bought back in this morning!
Not questioning you at all here Millstone - great that you were able to get that information, but must admit, I'm shocked their accounting firm would answer any question or give you any information about their audit report. Not very professional at all in my opinion. I spent a few years with E&Y and it would have never crossed my mind to answer any questions regarding one of my clients like that.
Link to yesterday's presentation
http://www.corporate-ir.net/ireye/conflobby.zhtml?ticker=FEEC.OB&item_id=2726460
Where are you seeing this? I don't see any HDY news right now - what's your source?
Not trying to rub it in as I had no idea what you sold out at --- just curious TA wise if you see a good reentry point here
I bought a starter position last week after the CCG PR. We'll see what earnings brings.
Are you keeping an eye on JADA? I sold out at $1, but may jump back in before earnings if the sell off continues.
Burp - Did you ever look at CSGH? They PR'd last week (Thursday I think) that the hiring of a IR firm - CCG. Earnings should be out this week. CCG has a pretty good track record. Also, doesn't make sense to hire a new IR firm right before earnings in order to disseminate bad news.
What are your thoughts on CSGH?
Today's CC
For me, the most important thing Ray communicated in the CC was the sense that HDY was now the nice, pretty girl with multiple suitors as opposed to the awkward boy just hoping to find a date anywhere (second cousins not excluded if necessary). He said several times that there was a lot of interest in the concession, that as soon as Repsol's exclusivity agreement expired, companies were calling HDY. He said HDY was in a strong enough position now to be able to choose an operator. This tells me several things - obtaining a new partner/operator is a given. Whether it is Repsol or someone else, the deal we will get should be much better than the deal initially outlined with Repsol in the LOI - result of competition and more stability/certainty re Guinea.
Other highlights:
-Enable gone - lots of cash in the bank to cover operating costs for quite a while
-In the coming months, many things to look forward to PR wise to boost/support the stock price - presidential decree, Dana money/stock in the bank, news on a new partner which I would expect sooner than later as they would no doubt want to be involved in the 3D seismic planning process, 3D to begin in July (much more than was orginially planned), disclosure of more details regarding results of 2D seismic, etc.
-Ray is going to start telling the story to institutional investors next week.
The more I hear from Ray, the more I am blown away with the quality CEO we have and the team they have put together at HDY.
bought first shares today - not easy to get shares here - at least not today.
looks like some people are disappointed there wasn't an AM press release. some are no doubt on board for the big splash from a big announcement. regardless of how positive Ray may be today - many traders will sell out if there isn't immediate big news.
CC Questions
If you want to submit a question for the CC, go to HDY's website, click under Events and you can submit a question for the 4/8 CC.
Thanks Runncoach. Very helpful indeed. I think this investment by CCME will put them at a competitive advantage in the future when contracts expire and bidding commences on some of these current contracts.
A few questions for anyone in the know on this. On the China Stocks board, there is a discussion about the risk to CCME once the operating agreements with the different bus lines expire - i.e. the risk of competitors coming in and outbidding CCME. My question is regarding the equipment in the buses that CCME installs. Off the top of my head I think I remember reading that it cost $1000 to equip each bus. Is this capital investment of equipment owned by CCME or do the bus companies take ownership? If CCME owns the equipment in these buses, it would seem they are at a much better competitive advantage to other companies in any future bidding war given their costs to continue business would be much less than the cost of another company to start up. Of course, the lifespan of the equipment installed may realistically not last beyond the lifespan of the operating agreement making this argument void.
it was well prior to the reverse split and uplisting which occurred last fall. look back 12 to 18 months ago - it traded (pre-reverse split) in the 20 to 40 cent range for what seemed like forever. i know CHFI was involved with them as well.
They did the same thing to GFRE and look where it is at now. Hopeful we'll get the 10-K next week or before the 15th at the latest. What a ride!
I'm optimistic they'll be able to file within 2 weeks. They did file much later last year, but remember, during 2008 they were in the midst of transitioning their business - signing the exclusive distribution agreement with XiKai Mining - signing distribution agreements with new customers --- needless to say, there were many new disclosures in the 2008 10-K that needed to be made. No doubt, it took a lot of extra work last year to make sure all the disclosures were made, not just regarding the new agreements but regarding the jade industry as a whole as well. While these disclosures will need to be updated and tweaked this year, it should be a much less labor intensive endeavor. They do have a new auditing firm, but they were signed on last summer and should have had plenty of time to get up to speed. Not a great way to make a good first impression - dragging out the audit - causing filing delays, etc. All just my opinion of course and do reserve the right to be dead wrong on this. Best of luck to all
Value
I've seen your posts on yahoo and know you are a pretty large shareholder of JADA per your posting there. Have you had the opportunity to ever speak with anyone at the company or has all your DD been simply thru reading the filings?
back in on the dip. surprised how quickly it began to recover. JADA looks very strong here. earnings only 2 weeks out at the most.
stockmon-
looking at the filing, it appears they will file by 4/15 at the latest - is that how you read it?
sold the rest of my position today once the 10-K extension was filed. had planned to hold the rest, but a pullback is bound to happen with the extension. will be looking for a reentry point in the coming weeks as i do expect good earnings ahead.