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It seems that one or two people have a strong interest in maligning this company,
probably for personal gain.
Perhaps they are right about failure . However, the hardest point is usually raising
Money to make a start even if it seems or is a better mousetrap. That is the speculative
nature of start ups. The amount of detailed evidence showing facts that this won't work
Seems someone is making more than a normal effort to "help" investors avoid a pitfall.
My experience with funding is that it always takes much longer than projected. On the other hand,
It seems that there is no well known name involved in the raise . But this could be coountered by
the fact there is plenty
of wealth locally in places like Vero Beach where the plant site is.
Crusader Rabbit
I still do not understand why this stock trades at such a high price. Cyclicals may become more in favor
In 2014 if the economy continues to really improve but this company has a long way to go to be worth what
It is. traded at today. Also, much of their revenue comes from China which does not appear to be strong in steel demand for the near term
Crusader Rabbit
I am very surprised the price of this stock has held up after several quarters of poor performance.
The Chinese are now generating more scrap with their auto business at 10+ million units for several
Years. I feel the price should be around $15.00/ share. Short.
Crusader Rabbit
CONCERNED
I would appreciate anyone's thoughts about realistic expectations here. Stock sales seem to be pushed by
Small brokerage firm. No real sales, earnings or employees from what I can see. Daily volume increasing
With price of stock steady upward trend. Crusader Rabbit
CONCERNED
I would appreciate anyone's thoughts about realistic expectations here. Stock sales seem to be pushed by
Small brokerage firm. No real sales, earnings or employees from what I can see. Daily volume increasing
With price of stock steady upward trend. Crusader Rabbit
Jubbyjubber-check the news coming out Monday on Exxon.
Crusader Rabbit
Most China micro caps as everyone knows have been clobbered this
year despite their numbers and reputable accounting firms. The
intersting thing about this one is that the graph this year is
positive. Maybe the promotion by Larry Isben is a good idea although I bet he won't be in for the long run. What I don't
understand is that if a lot of these rapidly growing companies
are selling at way below book value, then why don't we see more
buyouts. Crusader Rabbit
Red- just checking in. When was the last time we got any comprehensive news from the company on reserves and production?
We've had several months of warm weather and I thought, unless
I missed it, we'd see an update.
I am believing it's worth BBl's Reserves divided by outstanding shares times 10= per share price.
Crusader Rabbit
I picked up interest from a teaser ad trying to get me to subscribe to an investor letter by telling me the name of the
two Greenland miners who will change the face of the rare earth
world.
Just doing some math if they have 1.51% of 14.1M tons of neodymium valued at say $50/lb that comes to a value of over $30,000 per share. The question is can they get the stuff out of the ground and sold with the $18 million they have or will they have to sell shares to raise enough capital to accomplish this. If they sell shares how much will they get diluted. The results look far away but this may be a time to get in and start acumulating for a three year time horizon. Because of the strategic importance of the rare earths I think this project will have impetus from western nations. Because there will be no earnings for quite a while the stock price will fluctuate on speculative supply and demand. I bought a few shares today.
Good luck to all.
Crusader Rabbit
Response to post # 526 by Kennypooh-
I was duped by this scheme and got the exact same message you got only my entry point was 3/25. I got out today fortunately with a gain.
I thought the Bell's book made sense and have since learned it was apparently copied.
My thanks to the posters especially those who pointed out the reasons for their suspicion. Also the school of hard knocks is a good school but it's best if you can avoid it.
Crusader Rabbit
Hebercreeper- ccould you explain what you mean by the "Chinese RTO sickness"? thanks
Crusader Rabbit
Red- excuse my spelling-that's if you don't mind me asking...
a Freudian slip
Crusader Rabbit
Red - if you don't mine me asking, who is the little goldminer gem
you referred to in post # 67 dated 3/22?
ALso- 638 million barrels @ 10.00/bbl divided by 157,000,000
shares outstanding = $40 per share. If it's twice as much oil. then it's $80 per share
long
Crusader Rabbit
several chinese small caps getting slammed today -10% range.
It's not the fundamentals.
Crusader Rabbit
1level- Thankyou for your erudite opinion on the Chinese small cap
market. It's clear the fundamentals are compelling yet the stock prices have headed in the other direction to the point of real frustration. The question, of course, believing that most companies are not fraudulent, is what happens in the future. I
am not sure the nadir has been reached as I think more reverse
merger bad mouthing will continue and be more widespread in the press. So is it better to invest elsewhere for a while or invest more when sentiment is week. It seems if these small caps keep posting the rapid growth pace soon they will be selling so cheap
that takeovers would occur.
Personally I have a small allocation to small/micro cap
Chinese stocks and I am disapointed with my results. I bought
some more a month ago when new lows occurred and now there even lower. I am going along in a hold /to trying to reduce a little
mode for a while- I think one will have time to invest in the future and will see improvement when the sentiment changes.
One driving upward force is if some larger buyers, institutions, funds etc. are a slight more active but I wonder if you will
see that soon as many are not independent thinkers and fear the
criticism of investing in too much risk and from their standpoint, they probably have done pretty good elsewhere. It seems to me it will take some time but the opportunity is great.
Crusader Rabbit
I feel the NEP share price has done poorly in part because of the general poor feeling about the risk in Chinese small caps, some of which is true and we lived through a problem here. Also,only 4% institutional ownership reported by Fidelity. However, I feel management seems to be on the right track but they need to communicate things like reserves, the basis for buying most oil companies. If anyone has recent reserve figures I would appreciate any posts.
I am discouraged about many of the listed Chinese micro caps. Many seem to be growing great guns but their share prices have done dismally.
I have owned NEP a long time at $1.10 and higher than 5.00 and added a little more today.
Long-Crusader Rabbit
diggg-looks like your the only participant on this board.
I own Mercer at 5 and 6 and some at 7. I think the stock is headed higher based on forward earnings being close to the third quarter performance with the added energy sale bolstering the picture. After study,this company's earnings and stock price really revolve around the gross profit they can achieve. For an investor in a cyclical business one needs to know the market conditions for the price of their product. I am in the steel business so I am familar with the cyclical nature but don't know how to get a read on pulp. Could you tell me how/where you get any feel for the sales price/cost spread. One way would be to ask management to forecast the market at conference calls, which I plan to do at the next earnings caonference call in February.
long.
Crusader Rabbit.
Red- I have to ask about your source for the news. I was waiting for results from DT-3. You are several steps ahead. I'm guessing that eventually Petro China will buy this company if the Mongolian government permits it. When they bought Petrokazakstan I recall the figure to be about $8/BBL for proved and probable reserves. I am not a geologist- I appreciate their estimate of 882 MBBLs and will like to see that confirmed as we go. This would be an elephant- I get a price of $38.56 per share. My hope is that they don't have to rush to sell lots of shares and dilute to get the equipment to extract.If they can get some cash flow going, then it will compound. How did you get into this stock?
Long
Crusader Rabbit
This company came to my attention about 6 months ago. It is traded in London on the AIM under symbol GKP (US=GUKYP).There are also ADR's that trade with the symbol GFKSY but are a lot less liquid. On 11/3/10 the company has an investor presentation that outlines their significant finds in Kurdistan, Iraq. It is technically a Bermuda company with American, mostly British and local Iraqi management. The oil reserves have not, I believe, been
accurately quantified/verified but they report 1.9 to 7.4 billion barrels and their working share is approx. 4.7 "mean" billion barrels. The company has about 714,000,000 shares outstanding so at $3.00/share this appears to me to be a low valuation. I have had one successful "junior oil" do very well and several fizzlers but this has the appearance, in my opinion,
of a great potential. The government take/infuence is an uncertain and the Kurds will like the money and influence this amount of oil will bring them.
Best of luck to all that invest.
Long
Crusader Rabbit
what's happened? PPS has fallen off cliff last few days.
Crusader Rabbit
new to board and traced name of stock from teaser solicitation to make large percentage gains. Agree with Red posting #27 of 9/27/10
on valuation using $10/BBL. Bought a few shares today. Very interested in results of DT #3. Really a speculation until we get a handle on the reserves.Also the government gets a whopping big cut.
I am hopeful that the stock is not diluted too much in future and they can sell some product to finance growth. I have invested in
several oil juniors in past with one big success and others not so good. The appeal here is that China is very thirsty for any energy they can get and I will bet if oil is in block XX and this company gets producing it, the company will be bought up by somebody like PetroChina.
Crusader Rabbit
Pappy- Yesterday I received a solicitation in the mail for an investment advisory letter subscription that touted WKBG as their pick for 2011. It was about 6 pages long and did not have much detail other than the future was rosy. I am sorry I can't remember the name of the advisory service. Most of the time with a " make a million letters" there is a small print diclaimer saying they were paid to promote the stock but this letter didn't have that which is good.
Long WKBT Crusader Rabbit
Uros- I don't have an answer either. There was a damaging but insightful article in Barron's this last weekend on small cap
Chinese stocks traded in the US. The article focused particular concern on the origin of a company's stock (reverse merger, other manipulations, legitamacy of auditors) etc.
never easy . Crusader Rabbit
I believe this time is a buying opportunity.Future looks good on earnings basis and PE ratio. Adding. Long. Crusader Rabbit
Although not the lowest price recently quoted, I am trying to accumulate at .63 or better. While the chinese micros have suffered I am hopeful that this one will eventually have the value relative to a solid earnings stream realized. At $ 1.00/share, that is a 50%+ gain which, IMO, is a reasonable goal.
Long. May have to wait longer than hoped. Crusader Rabbit
One must think there are other issues . It seems to me management could post revised mumbers and account for the impropriety by now.
Perhaps the time is being spent searching for replacement leadership which takes some time in this country.
I have an account with Fidelity and the price/value has been changing frequently which is strange but really not relevant.
Trying to be patient. Crusader Rabbit
Big on China- I agree with your sentiments. The company should at least post an approximate date of an explanation. The longer the wait, the less faith in management. I am a long time owner,and believe that the valuation despite this problem is in the ground with growing reserves but without reasonable reporting one has concerns. Logical concern would include worst case or cover up scenarios. Crusader Rabbit
This small company that raised $30+ million in a secondary must have some ideas in mind. It will be very interesting to see what
happens in the next few months and what they can accomplish. I initiated a small position at $14.00 a few months back and have watched many small cap Chinese stocks get clobbered since. However, one would think that this company is not the type the government is trying to hold back from rapid expansion.
Crusader Rabbit
I'm adding a little at these levels. Hopefully the new CFO can perform, it would be hard to understand why he couldn't. Crusader Rabbit.
I received an investment letter touting oil companies in the Bakken, North Dakota area as potentially sitting on large reserves with the ability, due to advanced drilling techniques (horizintal- fracture etc), to recover the oil very profitably.
For a $99 subscription you can get the name of the company.
In the case of this company it appears they are focused on this
area and have cash to carry out real progress. The latest news release is very promising. If one can get a handle around the
reserves and their revenue from whatever percentage of these
wells they own it could be interesting. The statement by the CEO that they expect to fund future drilling from cash flows indicates they are on their way. I am taking a small initial position and starting research . Crusader Rabbit.
Can someone please explain what the drug rATDZ is intended to do.
I added today as well.