Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Welcome. This one might finally be at the point to take the plunge on - been watching for awhile myself - with price here, upside could be significant.
Agreed. I mean they say “The Company has commenced delivery with respect to this agreement.” Why not say: “The Company has commenced delivery of XX tons for $$.” ?? That would make sense and something they COULD disclose if it was banked revenue....even if it isn’t much at least we could interpolate what it may mean for future deliveries.
The way they announced begs the question of why they wouldn’t disclose the numbers: i.e: they are practically giving the product away just to sell SOMETHING or the commenced delivery is laughably small and the resulting revenue is nominal thus far...
We have to be mindful of the phrase “to supply up to 30,000 tons per year” - up to means just that - ultimate supply could be far less - just like BASF deal that has materialized nothing after more than 3 years....without numbers associated there is no way of really knowing.
I took a look at the slide show for the annual - doesn’t look like we missed much at all - this company has zero going on right now - hopefully they get going again with the new management in place - doesn’t look good, but I have seen worse turn around....
Only one reason you seek permission to print more shares —— in order to print more shares.
They obviously do not have enough rev to stay afloat and are going to start using issued shares (dilution) as their last remaining asset.
The only hope is that via dilution they are able to stay afloat long enough to turn things around and start selling product.
However, with nothing happening all year and nothing seemingly immediate (whereas printing more shares would be unnecessary) this is unfortunately, in my opinion, going sub-penny before things get any better....
“The Board of Directors has unanimously approved the advisability of, and adopted, subject to stockholder approval, an amendment to our Certificate of Incorporation, providing for an increase in the number of authorized shares from 410,000,000 to 710,000,000 and an increase in the number of authorized shares of Common Stock from 400,000,000 to 700,000,000 shares.”
Never a good thing. Looks like we are going sub-penny boys....hold on to your butts....
Well, they said they would update as they converted those revenue opportunities- and there has been no further update.
My guess is that they haven’t converted on any of them. I think the Board was getting impatient with his promises and something needed to change.
Now the whole thing is: Are those potential revenue opportunities dead, or are they just not yet realized? Is there time to realize those opportunities, or are we in a “strategic alternatives” type situation?
As you said, we need an update to give us a vector on how bad things truly are - if we don’t get one the stock will continue to be discounted as if they are going under.
This is not a time where no news is good news....at all.
I think it probably means that they won’t meet their “cash flow positive” goals at the very least. If he was bringing in the revenue, as promised, he wouldn’t be gone.
However, that said, with our current market cap, I think so much bad news is already priced in. Anything positive and anything that means the company won’t go bankrupt should see multiples from here. However, there is always the possibility that there is no future revenue and they do have substantial debts that need to be paid; which means rampant dilution or just bankruptcy...
I agree we need a shareholder letter from Mario or something giving some context here...waiting till the end of the year annual meeting would be too long. We need something explaining they are still forging ahead and haven’t given up...
Yeah Andre is out - happens when you over-promise and under-deliver.
Mario is a name in the field, but is up there in years. I have to imagine he isn’t planning on staying forever - hopefully, he can turn things around in the interim.
Also, FWIW, I think at 79 if there was nothing here he wouldn’t be bothered taking over: “find someone else to captain the Titanic” as it were...so I’m gunna take Andre leaving and Mario taking over as a net positive.
You are right - China did do the “trade war thing with rare earths before” and “it didn’t work out too well for them”.
That is why they spent the last 10 years cornering 90% of the market.
This time they have a much more potent arrow to fire - interesting to see if they do.
This one should be on everyone’s radar if the REE trade war heats up again.
Yeah but 50/50 shot we see another NT 10-q....that said, we should know more by month’s end at the latest. Hopefully something positive....
From the 2016 incentive plan (17s is nearly identical):
ARTICLE V
ELIGIBILITY
5.1 General Eligibility. All Eligible Employees, prospective employees and Consultants of the Company and its Affiliates, and Non-Employee Directors of the Company, are eligible to be granted Awards. Eligibility for the grant of Awards and actual participation in this Plan shall be determined by the Committee in its sole discretion. Notwithstanding anything herein to the contrary, no Award under which a Participant may receive shares of Common Stock may be granted under this Plan to an Eligible Employee, Consultant or Non-Employee Director of any Affiliate if such shares of Common Stock does not constitute “service recipient stock” for purposes of Section 409A of the Code with respect to such Eligible Employee, Consultant or Non-Employee Director unless such Award is structured in a manner intended to comply with, or be exempt from, Section 409A of the Code.
5.2 Incentive Stock Options. Notwithstanding anything herein to the contrary, only Eligible Employees of the Company, its Subsidiaries and its Parent (if any) are eligible to be granted Incentive Stock Options under this Plan. Eligibility for the grant of an Incentive Stock Option and actual participation in this Plan shall be determined by the Committee in its sole discretion.
5.3 General Requirement. The vesting and exercise of Awards granted to a prospective employee or consultant are conditioned upon such individual actually becoming an Eligible Employee or Consultant.
I agree with you 100% - with the share structure, we could see multiples upon multiples if it all comes together - the months between PRs is frustrating, but hopefully they have more to say in this second half of 19 to get us moving...
Hummm...Over a year away? Maybe...he does say “In particular, we believe this opportunity has a shorter path to commercialization than that of other Si-based technologies because it is focused on replacing a SiOx material currently being used by a battery producer.”
So it could be faster than that - but it might be that long —- hard to tell as far as timeline.
That said, I too would like to see some other deals made and money start coming in....
Applied Minerals cites five potential opportunities worth up to $19 million in revenue.
https://www.proactiveinvestors.com/companies/news/221587/applied-minerals-cites-five-potential-opportunities-worth-up-to-19-million-in-revenue-221587.html
Not a whole lot, but something. Looks like they are working on several things. Maybe they recognize the need for the markets to know more about what is going on going forward?
https://www.accesswire.com/547789/Applied-Minerals-Inc-Issues-Shareholder-Update
I think the problem is that it is really, really hard to know wtf is going on with this company - nothing to give us any new attention or interest in a long, long time.
Yeah - I saw it break while thin to the downside (.01) this morning - wasn’t anything at the bid and the moron must have put a market order in.
Quickly thereafter 1milly came in on the bid at .03 (only 360k of it eventually filled) and 500k came in at .033 (that was filled rather quickly).
It is nice to see the support come in the low .03s, but the CEO fixed our wagon with his “12 months...to 3 years” comment last September. He basically telegraphed that the most exciting and potentially lucrative technology here will have no real stock impact catalyst for years...so folks sold and forgot about this one...While the CEO was probably just being honest they obviously don’t understand how the speculation market works at all...
It can’t help them with funding the company etc to have a M/C of around $6M - if they keep quiet we will sink to sub-penny until news comes. They need some news on some positive developments and fast or things can get pretty ugly from here...and fast...
Yes, I did see that pop up. It would make sense if they were talking to companies about opportunities or then why mention it at all on Twitter....Right?
I do know that BASF has a division that deals with “Dispersants” - perhaps the product can be used by them and they will finally place some orders?
Be more specific - these numbers don’t seem that bad at all - revenue up - still a loss for the three months but 50% of the opp loss compared with last year and total loss is a fraction of what it was last year - .01 vs. a loss of .08 p/s a year ago...
Not seeing what you are seeing.
Who cares about politics.
Bottom line is - how often does the POTUS talk about a micro-cap company with a M/C under $100M? This thing is going parabolic and if you picked it up today or previously- just hold tight and don’t sell yourself short - this is going to make a life-changing move for some....just hold for a bit - it will come crashing back to Earth eventually, but we are just getting started.
Like everything else with trump, you just gotta hope it is true...
Been that way for awhile. If you were shorting in the low .20s and teens instead of buying (like me) then you are hurting here. If you are shorting now in the mid .30s low .40s you will be hurting in a couple of years.
We have a ways to go here - awhile out with not too many short-term catalysts brings in short term shorts.
However, IMHO if you have a LT long-side horizon here we will be in great shape 1-3 years out from these levels. Shorts are usually short term traders and in the near term we could be under some pressure (hence the shorts), but I don’t think longer term you want to be short here, JMHO.
It appears to me to be about a 10% net hit on that revenue - Not insignificant, but relatively small.
Last year they filed the NT on the 2nd and the 10k on the 17th; as a reference.
It is 15 calendar days - I believe “day 1” would be the first day after the filing of the NT - which in this case would be the 2nd - so the 15th day would be today.
Companies that fail to file within the allowed grace period are subject to a variety of costly penalties, including deregistration by the SEC, delisting by stock exchanges, the inability to raise capital through issuance of public securities, and potential debt covenant violations.
True - but SEC rules state that after submission of the SEC Form NT 10-K, the company must then file its 10-K within 15 days...
I could be wrong - but I THINK 15 days SHOULD have us see the report today.
I agree no news is frustrating- not sure if the 10k will move the stock either, but at least it is something....
Nothing public that I know of.
Volume is incredibly anemic- need volume in one direction or the other or we will be at .04 forever...
I know management says things like “we are not stock promoters”, but that also doesn’t mean we have to be in the dark for months...
Aren’t we overdue for a “Q”? Appears so...
Like these guys to get more active with PRs and updating their website etc....getting the story out and generating buzz is not “stock promotion”....
Not sure if this SA article was posted here previously (sorry if redundant):
Marker Therapeutics: Phenomenal Data In Lymphoma And Other Indications, Yet Little Recognition From The Street
https://seekingalpha.com/article/4249159
Good clip of volume thus far today. Nice steady, sustaining, rise from the .20s over past several weeks - maybe we have turned the corner here and will finally break out longer term.
Don’t think the shares outstanding is huge - hence the small $7M m/c. Miners typically have pretty good clips of LT debt. This company isn’t having trouble making payments and when the CEO says they have enough cash on hand to make it to cash flow positive, I believe him; the numbers seem to indicate that.
Great interview - I expect us to hear some news on several fronts in the next few months. Think this is ground-level right here...
Looks like the company is trying to push out a new CEO interview, but I can’t get the link to work.
If anybody else can, please link it on here - I’ll do the same if I can get it to work. Thanks.
Good for you - GL2U