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GM! here comes the volume at .62!
3 left on the ask
-faz
Guys,
We all need to think about laying off Aware. He has done nothing wrong other than make claims regarding the retraction of the bankruptcy filing. He doesn't need to answer any questions. Aware is not Rick Berman, that is a fact. As for all the statements regarding Aware's employer, relax, it is his call and his alone to make.
I suggest we refocus our efforts into any recent developments with RUSL based on quality DD and not rumors and statements made by people on the board. Take what Aware says for what it is worth. If you don't believe it, don't personally attack him, but rather source it for yourself and see if he is correct.
What is not worth it is to beat up on Aware which will not get you anywhere closer to either a return of monies or justice for Berman.
As for Berman's knowledge and understanding of uranium exploration, I think it is blatantly clear that we were dealing with a complete amateur and incompetent person. He had no intent on actually doing anything real with these claims at all. In fact, I question whether that tailings pile is even real. We got some silly pictures, piss poor field analysis and garbage lab results. On top of all that, we have a PR stating that contracts were being worked out with the White Mesa Mill and permits for removal being sought. In my opinion, non of that ever happened. Berman is a con man plain and simple. He managed to pull the wool over many people's eyes.
Well, not again. Never again.
-faz
Brikk,
Thanks for that. Looks like the next stop is .95!
-faz
BUD,
LOL! yep, I have seen the S&P report. I like what it says big time!
-faz
Very true, though it is nice to see more eyes looking at DPDW recently.
-faz
Has anyone seen that there are 4 reports that have been released in the last 3 days?
Link: http://finance.yahoo.com/q/rr?s=DPDW.OB
Does anyone have these?
-faz
chev,
Glad I picked up more at .60 in the last few minutes.
-faz
Thanks. I appreciate the update.
Did you ever hold onto any shares or were you one of the lucky ones to get out?
-faz
Aware,
Are we going to get an update of the website anytime soon? Would you be able to publish the information you speak about on the website?
You have a few sections of the website that have never been completed. Could you give an update on when those sections will contain information? These include:
About Russell Industries
Projects
Partnerships
Thanks,
-faz
All my ranting and railing against LIBERALS and then you stop and take a look at the current administration...damn, we are just getting raped here.
I love all the garbage that has fallen out of the President's mouth in the last few days regarding energy independence and the price of oil. This is the solution to the problem a la Bush administration:
Bush hopes Cheney's Mideast visit will rein in oil prices
WASHINGTON: With oil soaring to a record $108 a barrel amid mounting signs of U.S. economic turbulence, President George W. Bush said Monday that he was sending Vice President Dick Cheney to the Middle East to raise concerns about oil prices and to press Israeli and Palestinian leaders to move toward peace.
Cheney, who leaves Sunday, will meet with King Abdullah in Saudi Arabia, the world's biggest oil producer and the de facto leader of OPEC.
"Obviously, we want to see an increase in production," said Dana Perino, an administration spokeswoman. "The president does want OPEC to take into consideration that its biggest customer, the United States - our economy has weakened and part of the reason is because of higher oil prices. We think that more supply would help, and I don't anticipate that the vice president would have any other message than that one."
The Bush administration is struggling to revive an American economy that is sagging under the weight of a housing slump, rising prices and a credit crisis, and it has had little luck persuading OPEC to increase production levels.
At a meeting Wednesday in Vienna, OPEC rebuffed a Bush statement two days earlier calling for increased output.
Today in Africa & Middle East
Toddler returns to Iraq after surgery saved her life
Israel denies negotiating truce in Gaza
Bush hopes Cheney's Mideast visit will rein in oil prices
OPEC said speculators and what it called the "mismanagement" of the U.S. economy were to blame for high oil prices. The cartel left its production levels unchanged, saying that the market did not need more oil.
Cheney will meet in Israel with Prime Minister Ehud Olmert and on the West Bank with Mahmoud Abbas, the Palestinian leader, to urge both to "uphold their obligations" to move toward a peace settlement a stated priority for Bush in his waning months in office.
Bush sent Secretary of State Condoleezza Rice to the area recently to persuade Palestinian leaders to resume peace talks with Israel after a deadly Israeli military incursion into Gaza. Hopes for a peace settlement were further shaken Thursday when a Palestinian gunman attacked a seminary in Israel, killing eight students.
A reporter asked Perino on Monday whether Cheney was on a "rescue mission" because Rice had failed to achieve what Bush wanted. Perino called that "a little bit outrageous" and praised Rice for being able to pull the parties "back from the brink and have them recommit to having discussions."
Cheney will also visit Oman, a significant non-OPEC oil producer, and hold talks with its leader, Sultan Qaboos, a respected intermediary between oil-producing and oil-consuming countries.
Cheney will also confer with Turkish leaders in Ankara.
At a time when some OPEC producers are skeptical of the U.S. role in Iraq and the region and others, like Venezuela, are frankly hostile, it was unclear what enticements Cheney might have to offer.
With the U.S. economy slowing, investors have been fleeing stocks in favor of commodities like oil. But oil is sold in dollars, and with the value of the dollar falling, oil exporters have to sell more to maintain their earnings levels.
OPEC members already are unhappy that the Bush administration has done little to prop up a weak dollar, something that makes oil more expensive but also bolsters U.S. exports.
Bush last week called it "a mistake" for OPEC to let prices reach levels where they slow the U.S. economy.
Still, oil prices have risen a further $4 a barrel since the OPEC meeting, hitting a record $108.21 a barrel on Monday on the New York Mercantile Exchange, after investors began buying oil futures to hedge against a depressed dollar and inflation.
Oil prices have risen more than 70 percent in the last year.
The record prices have sharpened tensions between OPEC and the United States, the world's largest oil consumer. An earlier plea by Bush, lodged in January during a trip to Saudi Arabia - during which he spent a night at King Abdullah's farm - also brought no result.
OPEC's 13 member countries produce about 40 percent of the world's oil exports.
The timing of Cheney's visit might be further complicated: Investors and analysts expect the Federal Reserve Board, meeting March 18 in Washington, to announce an interest-rate cut of perhaps 50 basis points, or a half-percentage point.
Lower rates can translate to a weaker dollar and thus higher oil prices, though the markets have largely taken the anticipated cut into account.
The U.S. economy is beset by a troubling combination of rising consumer prices and lagging growth, expected to remain anemic this year.
High oil prices, and the steady increase in U.S. gasoline prices to near-record levels, are problematic enough for the White House, but even more so in an election year.
MORE: http://www.iht.com/articles/2008/03/10/mideast/cheney.php
I wonder why it is so FRIGGIN' hard for these politicians to see the obvious?!?! The American people are getting smarter and this nonsense is not going to fly for much longer. The politicians think we are dumb and that they have things well in hand. Well, they don't. They are blinded by money and power. Can you imagine what the price of oil would do if the US announced that it will introduce a law that opens up every possible source of oil in the US, we are going to build a crap load of nuclear power plants, that refineries will be built, that we will open up the 100s of billions of tons of clean coal reserves in Utah, etc, etc, etc. You would see a 20+ correction to the oil price overnight. Can you imagine the amount of oil dollars that will flow into this country to do the exploration? Can you imagine how many jobs we will create? Can you imagine how easier it would be for us to give the big "F-YOU" to the middle east and not be falling all over ourselves because they hold the life blood of our economy in their hands?
What a joke the current administration is. What a joke the GOP and DEMS are. What a friggin' joke of a government bureaucracy we have!
I am going to be sending a letter to my congressmen and senators tomorrow to voice my outrage, however, it will be more for my benefit to relieve the pressure building behind my skull...too late, blood just shot out of my eyes!
-faz
LOL!!!! Awesome comic! Good to see that the LIBS are fighting amongst themselves now. I hope this lasts for a very long time.
-faz
Liberalism ALWAYS generates the exact opposite of its stated intent!
Surging costs of groceries hit home
By Robert Gavin
Globe Staff / March 9, 2008
http://www.boston.com/business/personalfinance/articles/2008/03/09/surging_costs_of_groceries_hit_home/
...snip...
Several factors contribute to higher food prices, analysts say, but none more than record prices for oil, which last week closed above $105 a barrel. Oil is not only driving up production and transportation costs, but also adding to demand for corn and soybeans, used to make alternative fuels such as ethanol and biodiesel.
As a result, corn prices have more than doubled in commodity markets over two years, and soybeans nearly tripled, according to DTN, a commodities analysis firm in Omaha. Meanwhile, with poor harvests in major wheat-producing regions, wheat prices have more than tripled.
...snip...
Good old liberal policies of not drilling for our own oil, using clean coal, not supporting nuclear power, etc have helped contribute to the increase in oil prices all the while they rail against the current administration for being dependent and beholden to "big oil"!!!
The whole global warming hysteria has led to the wonderful bureaucrats in Washington to make uniformed decisions about biofuels and so forth, all to secure votes and support from the farmers. Little did they know, that biofuels have a greater impact on the environment than that evil stuff we use called oil! Hahahaha, what a bunch of knuckleheads.
The interesting thing is to see how all of this fits together to shed further light on how government works. Governments do no solve problems, they manage them. If government solved problems, there would be no need for government. Therefore, we now have a big problem coming together that the current lot of presidential candidates seem to have a limitless number of solutions for. Government created this problem and now they want to sell us on a solution.
And this is the same government that LIBERALS want to manage health care!!!!
Now that is terrifying.
-faz
Does this surprise anyone?
Reid Won’t Back Ban on Earmarks
House Democrats, GOP Eye Moratorium By John Stanton
Roll Call Staff
March 10, 2008
Senate Majority Leader Harry Reid (D-Nev.) will not back a moratorium on Congressional earmarks despite growing interest among House and Senate Republicans — as well as the House Democratic leadership — in a one-year freeze on the practice, aides said last week.
http://www.rollcall.com/issues/53_105/news/22478-1.html
-faz
If a news article does not include the party affiliation, odds are it is definitely a democrat.
Good stuff!!
-faz
welcome to the board chd!!
I think you will be well rewarded from your investment in DPDW. As far as this board, you are correct. This maybe one of best collections of knowledgeable investors on the web!
Good luck to you!
-faz
goose,
thanks for the chart. I think that the next breakout that we see will have us testing the resistance at .84. If we can get through that, we should be well set up for the 10k release.
-faz
Reducing Air Pollution
http://www.teachcoal.org/aboutcoal/articles/coalenv.html
When coal is burned, it releases impurities such as sulfur, nitrogen, and fly ash. These can pollute the air or contribute to conditions that can lead to "acid rain," precipitation that damages forests and pollutes rivers and lakes. Today, though, advances in technology mean that about 99 percent of the chemicals that can pollute the air and more than 95 percent of the chemicals that can cause acid rain are removed.
These technological advances are part of an effort referred to as the Clean Coal Technology (CCT) Program, which began in 1985. Since that time, the federal government has contributed more than $2 billion toward this program to make the burning of coal cleaner and safer. The coal industry has contributed more than $4 billion toward this goal.
How is coal made cleaner?
There are several ways. Coal can be crushed and washed before it is burned. The washing process often goes a long way in removing harmful sulfur, but it does not remove all of the sulfur.
While the coal burns, special combustion processes can remove more sulfur and nitrogen. Devices called flue gas desulfurization systems, or "scrubbers," remove more than 90 percent of the sulfur dioxide emissions from the burning process. The flue gas is sprayed with a mixture of water and lime or limestone, which reacts with the sulfur dioxide to form a wet sludge or, in some cases, a dry powder that can be disposed of or made into pellets for roadbeds or into plasterboard or concrete blocks.
Another method for tackling air pollution involves using devices called electrostatic precipitators, which give coal dust particles an electric charge so they can be attracted to a collector plate.
Other methods of removing pollutants involve the way the coal is actually burned. In fluidized bed combustion (FBC), coal is inserted into a bed of particles (including limestone) that are suspended in the air and react with the coal to heat the boiler more cleanly. In FBC, coal is burned at a slightly lower temperature, which helps prevent some nitrogen oxide gases from forming. The result is that FBC can remove more than 90 percent of the sulfur and nitrogen while the coal is burning. Through a chemical reaction, sulfur gases are changed into a dry powder called calcium sulfate, which can be used to make wallboard for building homes.
The coal gasification method changes coal into a gas that has the same heating value as natural gas. Coal gas burns cleaner than coal because so many pollutants have been removed during the transformation to a gas. This method can remove up to 99.9 percent of the sulfur and tiny dirt particles from burning coal. For more information about coal gasification, go to: http://www.eastman.com/Company/Gasification/Overview.htm.
-faz
Errrr.....
The Clintons' Coal-Gate
By INVESTOR'S BUSINESS DAILY | Posted Wednesday, January 23, 2008 4:20 PM PT
http://www.ibdeditorials.com/IBDArticles.aspx?id=285982232964929
As Bush wrapped up his Middle East trip, Sen. Clinton commented: "President Bush is over in the Gulf now begging the Saudis and others to drop the price of oil. How pathetic."
A large part of America's energy dependence on foreign sources can be traced to Sept. 18, 1996, when President Bill Clinton stood on the edge of the Grand Canyon on the Arizona side and signed an executive proclamation making 1.7 million acres of Utah a new national monument.
Why would he dedicate a Utah monument while standing in Arizona? Well, this federal land grab was done without any consultation with the governor of Utah or any member of the Utah congressional delegation or any elected official in the state. The unfriendly Utah natives might have spoiled his photo-op.
The state already had six national monuments, two national recreation areas and all or part of five national forests. Three-quarters of Utah already was in federal hands. Still, the land grab was sold as a move to protect the environment.
At the time, the Clintons were worried that Ralph Nader's presence on the ballot in a few Western states would draw green votes from Clinton in a race that promised to be close after the GOP retook Congress two years earlier.
In fact, the declaration of 1.7 million Utah acres as a national monument, thereby depriving an energy-starved U.S. up to 62 billion tons of environmentally safe low-sulfur coal worth $1.2 trillion and minable with minimal surface impact, was a political payoff to the family of James Riady.
He's the son of Lippo Group owner Mochtar Riady. James was found guilty of — and paid a multimillion dollar fine for — funneling more than $1 million in illegal political contributions through Lippo Bank into various American political campaigns, including Bill Clinton's presidential run in 1992.
Clinton took off the world market the largest known deposit of clean-burning coal. And who owned and controlled the second-largest deposit in the world of this clean coal? The Indonesian Lippo Group of James Riady. It is found and strip-mined on the Indonesian island of Kalimantan.
The Utah reserve contains a kind of low-sulfur, low-ash and therefore low-polluting coal that can be found in only a couple of places in the world. It burns so cleanly that it meets the requirements of the Clean Air Act without additional technology.
"The mother of all land grabs," Sen. Orrin Hatch, R-Utah, said at the time. He has called what was designated as the Grande Staircase of the Escalante National Monument the "Saudi Arabia of coal."
When Clinton signed the proclamation, he promised to exchange other federal lands for the land that was taken. But a fair exchange was impossible, Hatch said, since no other land in Utah had a trillion dollars worth of clean coal.
Rep. James Hansen, R-Utah, pointed out that a large portion of the coal-rich Kaiparowits Plateau within the monument belonged to the children of Utah. When Utah became a state in 1896, about 220,000 acres were set aside for development, and a trust fund was created to collect and hold all the revenues directly for the benefit of schools.
Margaret Bird, trust officer for the fund, said that because the land will not be developed, the schools stand to lose as much as $1 billion over the next 50 years. Phyllis Sorensen, head of the Utah chapter of the National Education Association, called Clinton's action a "felonious assault" and "stealing from the schoolchildren."
Stealing from children to reward Indonesian billionaires. How pathetic.
I knew all about this back in the 90's but it still makes me sick that politicians give all the rhetoric and talk about getting us off foreign oil and then do everything possible to hamper those efforts. Why in the hell isn't anyone talking about this? Why don't the environmentalists talk about this? Kills me!
-faz
LOL!!!!! That is hilarious!!
-faz
Why on earth would it do that? Oh wait...that's right, it is run by the one and only Mr. Rick Berman. The reasons are now crystal clear.
Maybe they will get a NI 43-101 report for our claims...errr...AUMN's claims.
I have a feeling the board of director will make the decision to do a R/S later this year as the current share price of AUMN does not reflect the value of the company.
-faz
Yeah, I nearly pulled the trigger to sell for a tax loss, but still thinking about it.
There is a lot of things that Berman could have done better. The biggest thing would have been to realize from the beginning that he was way in over his head.
As for making this a good play. True, it could have been, but when you have a moron running th cmpany, it is only destined for one thing. Failure. I am sure that is a word that has plagued Berman is entire life.
-faz
Has anyone gotten their RUSL shares yet?
I am surprised there is not more coverage on what happened there. Everyone is all hung up on the democratic primaries. Errrr.
Those bastards that did the bombing need to be given a kicking and then put in jail for the rest of their lives.
-faz
Unreal. I am a recruiter for a company in the oil and gas industry and one of the first couple of questions I get is regarding global warming.
Al Gore and the rest of the climate alarmists have done a great disservice to our kids by brainwashing them with all this nonsense about catastrophic global warming.
All this uproar over plant food...unbelievable!
Thanks for the article.
-faz
Wow! I never new there was a Dow Jones Sustanibility Index!
What a crazy world we live in huh?
-faz
I like what my account will look like in a month! :)
-faz
Did anyone else's L2 just go crazy!?!?
Found this in their Annual Report:
Flying Leads. We have developed a method to pull individual steel tubes, hoses, or electrical cables to create a loose steel tube flying lead or short umbilical. This method is utilized to build the Loose Steel Flying Leads up to 10,000 feet long. We have built flying leads with up to 14 tubes and compliant sections with 22 - ½" tubes. Additional lines or electrical and fiber optic cables can be added to produce any combination required for the transportation of various fluids, chemicals or data. The flying leads are then fitted with our terminations and Morays® that are attached to the Multiple Quick Connection plate, and finished off with the our elastometric bend limiters. The non-helixly wound design allows for our flying leads to be very installation friendly with minimal-bending stiffness. A compliant Moray consists of a 20-foot flexible flying lead with an electro-hydraulic Moray that is connected to a full-sized umbilical with the installation tension being applied through an armor pot and slings extending by the compliant section. A Moray is the termination head on the flying lead and connects the tubing assembly to the junction plate. Flying leads account for approximately 50% of our product revenue.
"The Company competes principally with FMC; Kvaerner and Oceaneering on its steel flying leads"
http://sec.edgar-online.com/2007/04/24/0001372198-07-000069/Section3.asp
-faz
Yes indeed. Love to see it.
...snip...
"Deep Down has improved its manufacturing procedures to allow for mass production of steel flying leads (SFLs) and associated components for large scale projects. Deep Down was instrumentally involved in the visionary development of the SFL concept, as well as its deployment procedures approximately ten years ago. The original design continues to evolve as the industry initiates exploration and production projects in deeper water."
...snip...
http://biz.yahoo.com/prnews/080211/lam124.html?.v=21
Maybe they have started to mass produce!
-faz
This is enough for me!
Wall Street Consensus vs. Performance
For fiscal year 2008, analysts estimate that DPDW will earn $0.07. For the 3rd quarter of fiscal year 2008, DPDW announced earnings per share of $0.00, representing 0% of the total annual estimate. For fiscal year 2009, analysts estimate that DPDW's earnings per share will grow by 86% to $0.13.
Link: http://fazoolius.fileave.com/SPDPDWreport.pdf
-faz
Thanks Chev!
-faz
Lots of crazy 4 decimal point values going though...CRAZY!!!
So we only saw an increase of 150k to the float?
I thought I saw mention of 1 million?
-faz
Could be the LSFLs described in this PR:
Deep Down Receives $1.5 Million in Steel Flying Lead Orders
Monday February 11, 1:02 pm ET
HOUSTON, Feb. 11 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW - News) announced today that it has received orders for $1,500,000 worth of loose-tube steel flying leads (LSFLs).
Deep Down is adding new design features to its LSFLs to enable quicker deployment and installation in high current, deepwater environments with the aid of its horizontal drive units (HDUs) and rapid deployment cartridges (RDCs). The Company expects to complete the design, manufacture, and delivery of these LSFLs to both of its clients, Helix Energy Solutions Group, Inc. and VetcoGray, Inc., within the next 90 days.
Deep Down has improved its manufacturing procedures to allow for mass production of steel flying leads (SFLs) and associated components for large scale projects. Deep Down was instrumentally involved in the visionary development of the SFL concept, as well as its deployment procedures approximately ten years ago. The original design continues to evolve as the industry initiates exploration and production projects in deeper water.
Ron Smith, Deep Down's chief executive officer commented, "Our goal is to be the number one choice for the supply, and offshore support, of all types of SFLs, based on quality of product, quicker delivery times, and efficiency of product installation. We can manufacture SFLs up to 10,000 feet in length with any J-plate desired, with or without electrical cables included. Another important goal is to continue to simplify procedures so that subsea connections are easier to complete, whether by fully experienced remote operated vehicle (ROV) crews, or ROV crews new to our product line."
Could be the first installment of the order. Not sure how many LSFLs make up 1.5 million dollars.
IMHO,
-faz
I love watching the cameras! They are crazy busy today and it is nice to see them moving products out the door!!
-faz
Big effort to push this lower. grabbed 3,000 more 5 minutes ago. Oh well, very happy about being able to get them here!
-faz
username: DDI
password: ddi6only
Nope...
I have 1x1 .74 x .765
Guess it is not having an impact:
Sydney's Coolest Summer in 50 Years Leaves Empty Cafes, Gloom
By Shani Raja and Simeon Bennett
http://www.bloomberg.com/apps/news?pid=20601109&sid=ae6GlcvBtldY&refer=home
March 5 (Bloomberg) -- Sydney residents and tourists are cursing La Nina as the harbor city says goodbye to the summer that wasn't.
While the La Nina weather pattern is delivering rain to farmers after the worst drought in a century, it's cutting profits for cafe owners, travel agents and insurers. Insurance Australia Group Ltd., the nation's largest home insurer, last week posted a sixth straight profit decline after hail storms cost it A$105 million ($97 million). The yearly `Symphony in the Park,' which usually attracts 80,000 people, had 700 this year as the orchestra played behind a tarpaulin during a downpour.
``Everyone always thinks Australia is the best place for perfect weather, but I'm not sure I'll believe it any more,'' says Minsoo Seo, a 28-year-old marketing executive from Korea's Jeju Island, as he gazes at the waves crashing toward Bondi Beach on Australia's last day of summer. ``The wind's too strong,'' he says after deciding against surfing on a grey, gusty morning.
After four years of water restrictions, Sydney saw about 50 percent more rain than usual this summer, according to Mike De Salis, a spokesman at Australia's Bureau of Meteorology.
No day topped 31 degrees celsius (88 degrees fahrenheit) for the first time since 1956. Average daily sunshine totaled 6.7 hours, an hour less than normal and the lowest since 1991-92. The average maximum temperature was 25.2, the coolest since 1996-97.
``Suddenly we get one cool, wet summer and everyone's complaining,'' said De Salis.
Matthew Hassan, an economist at Westpac Banking Corp., said the soggy summer has weighed on Sydney's $285 billion economy.
``The endless rain is certainly adding to the sense of gloom,'' Hassan said. Employment and housing data show Sydney is already struggling with rising interest rates and gasoline prices.
More Rain
Surfer Seo's contribution to the tourism industry -- and the local economy -- will soon end. Seo is cutting his three-month Sydney stay short by a month because of the rain, which is forecast to remain for at least three months, according to the meteorology bureau.
La Nina, which means ``little girl'' in Spanish, is created by the cooling of the central and eastern Pacific Ocean. It's the opposite of El Nino, or ``little boy,'' which can cause drought.
Dam levels rose to 64.4 percent at the end of February from 37.1 percent a year ago. Rain fall reached 439 millimeters this summer, compared with an average of 298 millimeters.
``We're not whinging about the rain,'' said Ben Fargaher, chief executive officer of the National Farmers' Federation in Canberra, Australia's capital city. ``Good living weather is not good farming weather.''
Beginnings of mass production?