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Not sure if everyone has seen this ?QMNM: Potential $17M Deal on The Table Shows Hope For Future.
Posted Wednesday, April 9th, 2008 in Uncategorized by Staff
Quest Minerals and Mining (OTCBB: QMNM) made public an opportunity on Tuesday that if brought to life, would have MASSIVE implications on the company’s future share price.
The emerging coal producer announced recently that it would soon be prospecting coal at its Kentucky mine that reportedly houses more than 3.7 million tons of coal reserves. According to the company, proper equipment is being shipped to the property right now in order to begin prospecting to fill an $8M purchase order.
On an even more promising note, Quest revealed earlier this week that a group in New Delhi, India has made a contingent offer to purchase up to 150,000 tons per month of metallurgical coal from the company at $114 per ton. That’s about $17M per month.
With shares now trading at a lowly $0.0035, if you believe in this opportunity even the slightest bit, I suggest weighing your own personalized risk/reward ratio here and contemplating getting in on this deal before final surveys are conducted and prospecting begins.
I guess everyone got one
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with second shift in full production this show go up on monday ?
American bulls has qmnm as a buy !http://www.americanbulls.com/StockPage.asp?CompanyTicker=QMNM&MarketTicker=OTC&TYP=S
Did some go to interest ? anyone ?
Did everyone go to the mine ?
Pond Creek Mine a Success For Quest www.microstockprofits.com August 13, 2008
- Vol. 3 - No. 32
In This Issue
Striving for Increased Production at Mine #1QMNM: A Low-Cost, High Potential Coal PlayQuest Undervalued?Massey Energy Co. (NYSE: MEE)Peabody Energy (NYSE: BTU)Arch Coal, Inc. (NYSE: ACI)Coal Market Trends
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Dear Edward,
Quest Minerals & Mining Corp. (OTCBB: QMNM) continues to hit the wire with news regarding positive developments at its Pond Creek, Ky coal mine.
The stock closed up more than 15% Tuesday at $.0134 on nearly 35,000,000 shares traded for one of its best days in quite some time. In my opinion, QMNM holds a deal of upside potential for a number of reasons. I'll touch on a few of them in a moment, but first, let's take a look at the two most recent developments at Quest's initial mine.
Striving for Increased Production at Mine #1
On 8/1 management noted that the property had recently achieved full production status and subsequently increased daily output expectations.
Today (8/12), Quest announced the addition of a "JOY (64'' Bed) 21SC shuttle car to its underground operations". According to the release, the new piece of equipment holds up to 5 tons of coal and works side by side with Quest's existing 4 ton shuttle car.
QMNM: A Low-Cost, High Potential Coal Play
Now, let's get back to some of the reasons that have me convinced that Quest is indeed a compelling and timely low-cost play on the booming coal industry.
1. Quest is a coal producing company: Gwenco, QMNM's wholly-owned subsidiary currently leases more than 700 acres of coal mines believed to hold approximately 12,999,000 tons of coal. Furthermore, Gwenco is already extracting enough coal to require the installation of a larger conveyor system that will facilitate the company's production of between 1,000 - 1,300 raw tons of coal per shift or 2,000 - 2,600 per day at Pond Creek.
2. Quest plans to monetize a portfolio of coal properties, not just one mine: QMNM has publicly stated plans to bring a second mine - Cedar Grove, KY - online by the end of 2008. Cedar Grove is located in very close proximity to Pond Creek and is expected to produce roughly identical output upon achieving full production status. In addition, initial engineering reports indicate that the coal located in Quest's second mine is of higher quality than that of Pond Creek.
3. Quest Represents a Low-Cost, High Potential Play on the Ongoing Coal Boom: As more established competitors including Arch Coal (NYSE: ACI) and Massey Energy (NYSE: MEE) continue to demand a premium from a stock price perspective, Quest represents a very compelling low cost opportunity to capitalize on the ongoing coal boom. Despite the obvious dangers of investing in companies currently in bankruptcy and trading in the penny range, the potential rewards are monumental.
4. QMNM Made a 4,000% Advance from 6/18 to 6/23: Quest recently advanced more than 4,000% in 3 days on total volume of 643,000,000 shares traded. QMNM closed at $.0016 on 6/18 and hit the high point of its recent run at $.075 on 6/23.
5. $8+ million contract in hand: Quest has a $8M contract in hand with Logan & Kanawha Co., LLC., and recently noted that it had verbally accepted a 10% higher strike price per ton on coal delivered through December of 2008
"Quest Minerals & Mining Initiates Coal Production At Pond Creek"
Quest Undervalued?
Since $.075, QMNM's trading behavior has been erratic at best. Despite tremendously high average daily trading volume for a penny stock trading in the sub $.10 range coupled with a number of stellar corporate announcements, the stock is parked below two cents. In my opinion, if Quest stays on track with recently stated production and rehab goals and quarterly financial reports become available, the stock will begin to receiving a more favorable valuation in comparison to its peers. Here's a quick look at some of them.
"The Dirt on Coal"
Massey Energy Co. (NYSE: MEE)
The Central Appalachian-based coal provider recently reported a stellar second quarter aside from a $245.3 million pre-tax charge related to ongoing litigation with Wheeling-Pittsburgh Steel Company. Some of the highlights include: Record coal revenues of $710.3 for a 38% year-over-year gain; EBITDA increased 65 percent to $199.0 million excluding ongoing litigation-related charges; Avg. revenue per produced ton of coal increased 28% y-o-y to $65.78; Average produced coal revenue per ton increased 28% to $65.78; Q2 operating cash margin per ton increased 83% to $15.94; 28% increase in avg. realized prices on coal shipped in Q2 of $65.78 per ton vs. $51.40 per ton in Q2 2007; 1st half coal revenue of $1.25 billion; and a net loss of $51.4 million or $0.64 per share
Massey also accompanied its commentary on second quarter operating results with forward looking guidance into the remainder of '09 and 2010. Important highlights include: Building out another 3 to 6 preparation plants and shipping load-outs over the next 2 years; Expects produced coal shipments of between 46.0 and 48.0 million tons in '09; Anticipated met coal output of between 13.0 to 14.0 million tons; Currently in possession of approximately 6 million tons of unsold or un-priced metallurgical quality coal for 2009; and 2009 cash costs anticipated in the $52.00 to $60.00 per ton range.
With close to 81 million shares outstanding and a P/E of 51.33, MEE closed 8/4/08 at $65.91. The stock has recently been upgraded by both Davenport and Standard & Poor's and continues to attract investor interest as energy demand surges.
Peabody Energy (NYSE: BTU)
Based in St. Louis Missouri, Peabody fuels approximately 2% of worldwide electricity generation and sold 248 million tons of coal in 2007 for total revenues of $4.6 billion. With 9.3 billion tons of proven and probable coal reserves as of 12/31/07 Peabody has a vested interest in 31 coal operations located in the U.S. and Australia, as well as joint venture rights to a Venezuelan mine. Q2 Highlights include: $1.53 billion in revenue vs. $.107 billion in Q2 2007 (43% increase); Net income of $233.4 or $.86 per share beat analyst estimates on average of $1.5 billion in revenues and earnings per share of $.54; Expects '08 income from continuing operations between $2.50 and $3 per share; Sold 59.8 tons of coal during Q2 versus 57 during Q2 2007; 1st half earnings of $290.6 or $1.07 per share on revenues of $2.81; and Sold 121 million tons of coal in the 1st half of 2008 vs. 112.7 in '07
BTU closed on 8/5/08 at $59.47; right in the middle of its 52-week range. With 272 million shares outstanding and a P/E of 44.95, analysts appear to be quite bullish on Peabody. John Kang (RBC Capital Markets) rates the stock "outperform" and recently raised his price target from $60 to $90.
Arch Coal, Inc. (NYSE: ACI)
The St. Louis Missouri-based company operates 18 mines in 7 states, owns or controls approximately 2.9 billion tons of proven and probable recoverable coal reserves and contributes approximately 12% of America's coal supply. With properties in states including Colorado, New Mexico, Kentucky, West Virginia, Illinois, Wyoming, and Utah; Arch saw second quarter profits double and now believes that 2008 will be a record year.
Here are some of the company's second quarter highlights: Total sales of 34.4 million tons of coal during Q2 vs. 33.3 in Q2 '07; Revenue increase of nearly 30% from $598.7 million in Q2 '07 to $785.1 million; Net income of $113 million, or 78 cents per share vs. $37.6 million, or 26 cents per share; Operating margin increase from $3.51 to $20.16; Operating margin per ton averaged $4.21 vs. $1.75; Average sale per ton of $21.04, vs. $16.42 during Q2 '07 and $18.49 in Q1 '08; First half earnings of $194.1M, or $1.34 per share, $66.3M, or 46 cents per share during the 1st half of 2007; and First half revenues of $1.48B vs. $1.17B during the 1st half of 2007.
With just over 144 million shares outstanding and a P/E of 23.17, ACI closed 8/4/08 at a price of $48.51. The company currently provides the fuel for about 6 percent of the electricity generated in the United States and hopes to see that number increase over the next two years.
Bullish Outlook on Both Sides of the Fence With both corporate executives and independent industry analysts alike bullish on the company's future potential, Arch Coal appears to be extremely well positioned to capitalize on the continued growth of the coal market. In a recent investor conference call, Arch chairman and CEO Steven Leer, was quoted as saying "We expect 2008 to be a record year for Arch"; and "Our tighter and stronger guidance is indicative of our confidence in the coal market fundamentals and in our ability to capitalize on these strong market trends".
Coal Market Trends
For those of you interested in the plethora of trends currently impacting Quest's business model, here are a few of the major ones:
1. Sustainable Demand
2. Emerging Nations: China and India account for nearly 50% of world coal use and are expected to lead a 73% leap in world coal demand to 2030 to 4,994 million tons of oil equivalent (mtoe) from 2,892 in 2005 (EIA Data)
3. Soaring worldwide steel demand - The price of U.S. steel-sheet reached a record price of $,1052 per ton in June up from $532 one year prior. Moreover, The International Iron and Steel Institute predicts overall industry growth of 6% during 2008.
4. Electricity demand - According to the World Coal Institute, Coal generates 40% of the world's electricity. The institute also states that: "At current production levels, proven coal reserves are estimated to last 147 years. In contrast, proven oil and gas reserves are equivalent to around 41 and 63 years at current production levels respectively
5. Burgeoning U.S. export market - A number of factors in addition to those listed above are currently sparking the rebirth of the U.S. coal export market. Some of the most significant growth drivers include:
A weak U.S. dollar; Exorbitant ocean shipping costs ( this is forcing customers to absorb shipping costs entirely in many instances); Massive demand in emerging nations including China and India that are not capable of fueling their growth internally; China recently announcing plans to lower or eliminate coal import tariffs; and India will need 78,000 megawatts of new coal-fueled generation by 2012, requiring an additional 265 million tons of coal use in that country (Peabody Energy)Read on...
QMNM recently gained more than 4,000%, moving from $.0016 (6/19) to a high of $.075 (6/23). After a very positive day in the market today, all eyes will be on Quest again on Wednesday.
As always, do your due diligence and happy trading!
Sincerely,
Micro Stock Profits
email: ir@microstockprofit.com phone: 888-945-2110 web: http://www.microstockprofits.com
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I bought way back at .003429.I'm still hanging in for long tern! Not to long more I hope
microsoftprofit has qmnm in green for today after late postings
$2M Chapter 11 Filing Shouldn't Be a Biggie
One major question that we have heard from investors time and time again relates to QMNM's past chapter 11 filing . From the filing . . . "On August 3, 2007, the Bankruptcy Court approved Gwenco's request for debtor-in-possession financing in an amount of up to $2,000,000. In February 2008, Gwenco submitted a preliminary plan of reorganization to the court for approval."
I will follow up with management here. But from what I gather, once Quest pays back the $2,000,000, the situation is settled. They surely aren't the first or the last company to file for Chapter 11. Moreover, most filing for chapter 11 don't currently lay claim to more than 12 million tons of an asset valued at more than $100 per ton in some regions of the world.Gwenco, Inc. Chapter 11 Reorganization.
pedro2004it looks like they have to 5pm on july 18th to contest?
Shares Surge 100% in One Hour
Subsequent to the news today, shares surged up over 100% to an intra-day high of $.048 and ended the day at $.0339, up 42% on volume of 133,921,767. What I found most encouraging about today's action is the fact that the production announcement was issued with just over 1.5 hours left in the trading session and the stock had traded relatively flat on about 20 million shares or so prior to the big news.
Now that the day traders, flippers, and scaredy cats all had the chance to take some profits off the table, I think that we could be off to the races tomorrow. The stock simply behaved too beautifully prior to production and has attracted too many eyeballs over the past few weeks not to.
Moreover, the company also announced today that it is working diligently to bring a second mine into full production mode very soon which will produce just as much coal as the Pond Creek location. Now boasting the potential of 3,000 - 4,000 raw tons of coal per day, QMNM provides investors with both the piece of mind of knowing that they are 100% capable of bringing a mine into production mode as well as the prospect of yet another, equally productive mine coming online very soon.
Capitalizing on Massive Global Demand
For QMNM
As the image above shows, Coal prices have proven to be both lower and more stable than that of oil and gas historically. According to the World Coal Institute, "Coal provides 25% of global primary energy needs and generates 40% of the world's electricity". The institute also states that: "At current production levels, proven coal reserves are estimated to last 147 years. In contrast, proven oil and gas reserves are equivalent to around 41 and 63 years at current production levels respectively".
Despite the obvious negative environmental impact of burning coal, the natural resource will be in high demand for the foreseeable future. This facilitates a very favorable operating environment for Quest going forward as the company moves into production and begins fulfilling orders including previously announced $8M deal with Logan & Kanawha Coal Company, LLC
Bought at.0034 .Getting scared here !!!Should i go short?maybe long ??short long short long!!!
let it ride baby
OK that info was not there earlier. Got it thanks
question for anyone what would make a stock like HSTCjump from .35 to $7 a share in one hour ?
From the other board yahoo Just spoke with Bobby Blackburn of Whitestar!! 5-Jul-08 06:27 pm Hi everyone, its Saturday afternoon, just got off the phone with Bobby Blackburn from Whitestar Mining. I was able to get his cell number and gave him a call. I talked with him for about 15 minutes, was a real nice guy and very open to answering my questions.
I Asked him wether there was any truth about a recent post that said they were going to be delayed another 1-2 months due to cross-cuts that needed to be done. He said that was completly UNTRUE and that he assured me that this week, very likely wednesday they would be mining coal! He also said that there was likely a misunderstanding, the person that called and talked to Msha director may have said that it had taken them (Whitestar) 1-2 months to get to the coal, which is true, said cutting through all that rock, has been some of the toughest work hes done in his 30 years of mining.
He also gave me a more detailed explanation as to there progress. He said they have seven headings in the mine 1, 2, 5 which are done and ready to be mined, they are finishing up with their cross-cuts on the others over the next couple days (they are working Sunday), and that their Spat crew (Alchemy Engineering) is coming on Monday to finish their work as well.
To sum all this up, Bobby Blackburn himself has Qmnm shares and wants to see them go much higher than .020! They are working 10 hour shifts to meet expectations and are as excited as all of us to get in to production. Everyone can feel very confident in their investment with Qmnm. Sit back and watch all the fun in the coming days! If anyone would like to verify all this, feel free to contact him on his cell phone 606-367-1950 and ask him. He understands that we will have questions and is happy to answer them.
Have a great holiday weekend and glta!!
Super, Super strong buy!
since 7/4/2008 Top Institutional HoldersConcentration of Current % Held
Top 10 Institutions: Top 20 Institutions: Top 50 Institutions: All:
Low
Avg. Turnover Rating Name Shares Held Position Value Percentage of
Total Holdings
since 7/4/08 % Owned
of Shares
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Rating
Chiaramonte ... 356.1K $11,752 +81% 0.1% Low
Gross Foundation Inc 84.8K $8,307,950 +19% 0.0% --
Re: PRODUCTION NEXT WEEK- NOT MONTHS! 38 minutes ago yeah he said they will be taking off sunday,....most of the roads into mine are complete he said--also said they could start producing moday if they wanted to but he had some more rock to move for the last road to be completed....give them a call and ask them some questions...post it on this site...yeah lots of noise i heard too.,....bobby said it was conveyor and rocks being moved ...kinda sounds like it to me
Re: PRODUCTION NEXT WEEK- NOT MONTHS! 49 minutes ago Had my associate try to call them and he said that it is very loud at the other end of the telephone, with sounds of heavy equipment going on. Thought you were joking because why would they be working on the 4th of July? But whatever it is, they are doing something.
PRODUCTION NEXT WEEK- NOT MONTHS! 52 minutes ago talked to " bobby " at the mine-yes they are working today-clearing out rock-will provide map for directions thru fax to get to mine-says others have been down to see for themselves- new management is why this will be producing tonnage -alot of coal-if any of you BIG investors have the chance to go down to the mine - please post findings on this yahoo site-i have a feeling that if this is legit and people have already been down to see the mine ,,people who have seen the mine will be driving up this stocks price up monday and/or soon afterwards ! we'll see--good luck to all qmnm investors! number to the mine is 1-606-237-4900
Update On Production! 30-Jun-08 07:42 pm Hi everyone, I am the one that originally posted the number to the Pond creek mine. I don't post on a regular basis, and am long Qmnm!
Today I decided to do a little more digging and this is what I was able to dig up!
I had a nice conversation with a gentleman that lives down the road from the mine, last name Preece, he's on Slaters Branch rd.
He's been a coal miner for the last 35 years. The current outfit (White Star) has looked to him for advice as he has been involved with the Pond Creek mine for the last 30 years. He is talking with them daily and He is helping them all he can to get into production.
He stated "They are about ready to run coal"!
From what he could see on the mine map, they have a few days to a week or more of taking rock down and will be in the higher coal and ready to start production!
They have done a lot of work and just went and under rocked for about six or eight breaks and had to take a bunch of rock down. They are now in 40 inch of coal and have made their belt move. Says that "They are in a good block of coal".
He also said that this is an entirely different world, with the price of met coal being what it is today, they wont be stopped until they get to the coal. Others have failed, but this time he is certain they will be successful!
In addition to all this good news! He said they have a lot of coal under lease. Their is another seam that has yet to be mined and if they get that going look out!
One final note, I have no reason to lie, I am not a pumper and am hoping just as everyone else is that they get production going soon. I recorded this call and also have his number as well. He is an older man, so dont want to give out his number.
I'll be sure to respond to any questions.
Super Strong Buy!!
Possible delay in production? 3-Jul-08 09:10 pm Hi Everyone, I know its late. I just read a concerning post on another board Stockhouse Bullboards Qmnm. Heres the post:
Talked to director of mine saftey of msha in Pike county 2 days ago. He said yesterday they were doing and inspection of the Mine at 9 am yesterday. I was told to call him back at 3 yesterday and called a few times with no answer,WHich i stated on a few posts yesterday..I thought i would have good news for all if you read any of my posts..Talked to him again this morning and his report was " this will not come production for one or two more months they have a number of crosscuts to complete in order to get the coal out" here is the number that was called 606-433-7742. Upon hearing this I called the mine and talked to the night guy, he said that he understood production was to start next wed and that Bobby and others will be in tommorrow on the 4th working for a while if I wanted to call the mine number is 606-237-4900. I'll try to look into this and make some calls. I have 600,000 shares and just need to know if their is any truth to this. Thought I would let everyone know.
Found this on another board. Just spoke to Gary of Alchemy 3-Jul-08 08:25 am Told him I was calling about pond creek and he said, "oh you're talking about gwenco." Just for information...Gwenco is the company which leases the land, QMNM is simply the holding company. He said production is about a week away. Asked him what 'spats' are, he said they are survey control points placed on the roof of the mine to maximize resources for production.
To be honest, he was really nice, I thought he would of received tons of calls about this already and might of been short with me.
It says their license expired on 5/31/2008
Has anyone researched the white star mining co.? All I can find in yellow book is a co down the street.Misty Mountain Mining Inc
8410 Robinson Creek Rd
Virgie, KY 41572
(606) 639-4848
volume
it then says 1.06 m
I was just letting u guys know what it said on micro stock profit
yes that where it close but in the right bottom of quest chart it says after hours .0726
thats what it says. check it out
.0725
sorry micro stock profit
micro soft profit has after hours trading at.0726
I'm holding too @ .000991 a share !!!!
If they merge first.and the stock goes to like .10 a share.Then they did a r/m.Would the shares be like $10 a share?
I staying were I'm at .000991.I think I'm good with whatever happens
Just starting investing in penny stocks.Thanks for the different inputs on this stock!Bought 55,000 at .000991.Going to wait and see what happens with the merger!