"Wise men learn more from fools than fools from the wise"
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.
Somewhat ...... I do think he's gunshy hiring PR/IR companies, because they typically force convertibles down their throats at this level and I know he wants to avoid them as much as he can.
I can assure you that he has been told this EXACT same sentiment, because I've emailed exchanged with him with this exact concern.
With our industry on the big turnaround, I do not see why we can't. BUT.....he needs to keep this share structure sound, and no expansion by way of dirty convertibles. Wait until we have traditional financing or have cash in hand.
I'm still behind this company 10000%, but at some point, CEO needs to remember he is a public company, and should be talking to his shareholders on a regular basis and delivering on promises.
The silence is deafening. CEO needs to get off his keester and deliver on the refi as per last PR, and 8K it.
His veracity is coming into question at this point, and he needs to deliver.
For purposes of the stock structure and public side, we are at Asif's mercy at this point. Now is his time to prove to us he cares about the current shareholder over "free" money.
GET THE LOANS RESTRUCTURED AND 8K IT !!!!
I keep buying the bloodbath. Have the most shares I've ever had, by far here.
Been under the weather for the past month and not much to say, but I am very much still here and accumulating the panic.
$GNPT starting to curl upwards, 120 mil float. HUGE ENTRY POINT HERE!
$GNPT starting to curl upwards, 120 mil float. HUGE ENTRY POINT HERE!
Me too, scooped up another 100k today.
It has bottomed and slowly churning upwards here, great entry point for those looking to get back in.
ASCM has no shares. They always appear when a stock motors through .01 in an attempt to short it down under then cover.
This one ever gonna see .0005 again??!?!?! D machine....
RIO TINTO POSITIVE OUTLOOK STEEL.............
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/45232c34-5212-11e5-b029-b9d50a74fd14.html#ixzz3kmjpPRFP
Rio Tinto predicts modest China steel growth
Iron ore miner Rio Tinto says China’s steel production will grow only modestly until 2030 but demand will increase rapidly in other emerging markets in Southeast Asia and India.
The world’s largest producer of the steelmaking ingredient forecast China’s annual steel production will reach 1bn tonnes by 2030, from just over 800m tonnes at present even as the economy slows. That growth will be driven by exports of higher value added finished goods as the world’s largest producer moves up the manufacturing value chain, it said.
“We expect China will move up to the higher value added export market, based on what other countries have done on multiple continents, from Germany, the US, Japan and South Korea,” Andrew Harding, Rio’s head of iron ore, said in an interview.
Rio’s analysis, however, is at odds with its biggest rival BHP Billiton, which last month lowered its forecast for peak steel demand in the country to a range of 935m to 985m tonnes a year in the mid-2020s from 1bn previously.
It is also contrary to that of the China Iron and Steel Association, which said in July that steel production probably peaked last year. It fell by 1.3 per cent in the first half of this year, the first contraction in 20 years, said China’s official industry body.
Emerging markets other than China will be increasingly significant for iron ore, however, with their demand expected to rise by 65 per cent over the next 15 years, Rio said. Globally, it expects a 2.5 per cent average annual growth in steel demand in the next 15 years.
Iron ore prices fell to $44 a tonne in July, the lowest level since the financial crisis, but have since risen to $55.80. Rio did not disclose its views on iron ore prices for the next 15 years.
Rio said its forecast was based on a “granular” bottom-up analysis of demand in China, down to the number of bridges and apartment buildings that are likely to be built and expected growth in car ownership. By 2030, nearly 25 per cent of the current urban residential building stock will be demolished and rebuilt in China, the company said.
It also takes into consideration the substitution of steel for other metals such as aluminium, and the use of scrap steel from older buildings, Mr Harding said.
Growth in Southeast Asian countries and India over the next 15 years will provide markets for China’s exports, he added.
Between the early 1950s and 1973, Japanese steel production grew at more than 15 per cent a year, before peaking at 119m tonnes in 1973, according to David Humphreys, the author of The Remaking of the Mining Industry. US steel output peaked at 137m tonnes in 1974.
China produced a record 822.7m tonnes last year, about half of the world’s output. A glut of steel production in China and a slowing economy have led to much of the metal making being exported, depressing global markets and stoking trade tensions.
However, Rio said it expects China’s steel exports to be maintained at current levels.
Amid falling prices, Rio is targeting further cost-cutting and improved productivity. It said its cash costs for iron ore were $16.20 a tonne in the first half of 2015, compared with $20.40 a tonne for the same period last year.
The company is sticking with its plans to produce 335m tonnes of iron ore next year and 350m tonnes in 2017.
Continuing to buy the bottom here on $GNPT. Insanely undervalued.
Go call him Joey boy.......you try to answer your own questions??!?!?!
I keep buying the pain!!! Financials are too good for this to be subpenny for sure.
The actual market makers in these stocks hold very little stock if any .................
As buy side pressure increases, the warrants end quicker, and when totally over, kaboooomage here IMO.
$40 mil cash and no debt with two drugs in PH III.....worth serious look here at these levels.
Yes but not all that traded was warrant dumping. There is still some left as trading is showing, but it is easing and I believe we are at bottom here.
Starter position taken....
Disagree about #2. At these prices, it won't be hard to move it a good % upon any type of good news. When the warrants are done converting, the selling pressure subsiding will be good enough for a sizable initial jump as well.
Just looking for the end of the B warrants ending.
All depends on what the news is......if either drug gets an approval, don't tell me this doesn't go multibagger.
My question to the board is: ANY EDUCATED GUESS AS TO HOW MANY CASHLESS WARRANTS ARE STILL OUT THERE?
Thats a chunk everyone must be willing to take a bite or a whale must take it ALL out at once
1 or 2 more bigger players take this over .01, then a whole new slew of eyes come here.
This one is insanely undervalued, unfortunately lots of people panicked out from the high of .022 when some bigger players exited.
$GEQU .01 break is coming here. .0097s....
Stock is completely dried out at this point, but Asif needs to give us a catalyst by way of PR to spark the recovery.
As we grow, it will be thinned out more here and these blocks will no longer come into play.........churn churn churn.
Undercutting the ask at this point is plain stupidity. Love these traders.......bye bye
Wait for TA numbers is all I can say, proof will be there. I'm holding all I got here.
I emailed CEO to see if there are any more shares issued or entering float and he emailed me back: NO. If anything, it was those 3.2 mil shares that were previously sent in cert form that are being sold.
GEQU motoring/GNPT bounce time.
GNPT has the best looking financials of any OTC at these levels out there. Great entry point here.
Good point to be on watch after the 50% retracement on 3 MIL shares added to float. Hit bottom and slow rebound here, will accelerate soon.
Big believer of $GEQU here......DD best post. Waiting for GNPT bounce.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116623173
Big believer of $GEQU here......DD best post.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116623173
Good mornining everyone, here with my boatload of undervalued shares waiting for the next move...........
I look for a good day here with a strong market blowing wind behind the sails here.....
GNPT bounce/GEQU on big time watch.