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A question on the 10QSB (Quarterly update)
On the 22nd Feb Atlas released the 10QSB, on the pinksheets site it was kinked to an 8K which was just a report regarding share placements (also released as an 8K on the same day). I assumed at the time this was an error on the pinksheets site linking to an incorrect report.
Looking on the Atlas web site the 10QSB is linked to the same 8K there as well. Am I been stupid here or did Atlas release an 8K instead of the quarterly update and noone noticed......
Chuckrmon,
If you have access to the mine and have spoken with the people on the ground then your knowledge here is far greater than mine. My reasons for 'feeling' the Lintech thing isn't going well was the lack of information on the Lintech site. IE if they can't even be bothered to place the Atlas name on it's supliers list, Or list the clay as a product, then I doubt they are putting much effort into selling it.
I did not intend to sound negative, there could be good reasons for the ommision or maybe Atlas has found a better distributor (who knows). That ALMI is stock piling the clay and setting up the quality checks is a good sign.
I have held 30,000 Almi since .19 and sold 17,000 of them at $1.22. This gives me maximum capital gains (UK Tax thing) and funds with which to diversify (ALMI was looking very top heavy in my portfolio)
I am very pleased with this investment. The fact it has not gone as expected is no negative here either. It's done much better than I'd ever hoped, moving on dynamics which I as an investor am not yet privy too.
Good luck to all
I hope you are right,
however, while I accept the Stock Price is performing well, and therefore the investors feel the company direction is right (including myself), i think we are all missing the point here.
1) the Lintech thing is going nowhere
2) i do not believe we are stock piling clay in the short term.
This investment for me is not going as planned, I did not expect such a rapid rise in price, nor did I expect such a lack of orders (nano or otherwise). This is playing out on dynamics I am not privy to. While I accept this, I did take the opertunity to sell just over half my holding at 1.22 a couple of days ago. (a TA thing been under the 13 EMA for 2 days).
I am hoping for a truthfull update from the company regarding Lintech.
I am not micro managing this, i just feel a fundamental decision has been made and it is not been passed on to the share-holders.
I do not think I am been lied to, just not as informed as I would have hoped.
Yes there was a Lintech PR for 50 tons. It provided revenue in Q4. It was touted as a bit of a fluff as from memory there was some confusion over the price.
My personal view is that we don't need them. Even if we want to sell some clay into the traditional markets, there must be better companies out there than Lintech. The web site screams amature to me. How are they supposed to sell product if they can't be bothered to give it free advertisment on it's own Web-Site.
Lintech have updated their supplier lists
But have failed to include ALMI. THis may be a mistake but I get the feeling the Atlas / Lintech thing isn't been taken very seriously.
I may be reading too much into the ommision but either Atlas dosn't want it's clay to make plates or Lintech isn't able to sell it.
Anyone have any idea when the 10Q is due out.
I was expecting the Q4-2004 report out in Feb. I think if they are too late they start getting in trouble with the exchange. They should have at least filed an NT 10-Q to say they were late.
My TA on Almi for today.
I think today could be a very volitile day on the upside. (why ?)
The closing high on Friday was not above the intraday high set a few days back, It could be argued we did not set a significant new high on Friday.
If you look at the Stochastic ALMI always peaks in over bought terrirory but never retreats to over sold. This pattern has held since November last year. ALMI is not currently overbought, (I think they will be by the end of today).
My estimate is the 1.65-1.70 range but this is more a guess than any real calculation. If you took the price based on recent peaks then you would be looking at $2.00+ which is a little unrealistic in one day (but who knows).
Fridays volume was not excessivly high, again pointing away from this run been over (would be looking for something approaching 2M shares volume).
I also expect another pullback to the 13EMA which would be about $1.25ish in a few days time. (the pullbacks seem to take 2-3 days).
Good luck all, I need to sell about 8k to lock in Capital Gains (A UK tax thing). a lower rebuy would suit me fine.
A lot of consolidation going on here. Heavy volume but no movement. When this phase finishes I will be watching VERY VERY carefully which way it moves. It should be significant, if it's down then I would be looking to buy at a much lower price. 50 EMA is at about .70. if it went lower than that then it's a complete technical breakdown. (I don't see the 200 day EMA adding much here.)
Hopefully however this consolidation is forming a very solid base so when we move we will not see these prices again for a long long time.
Doubloon may be right about the green light for those in the mining know..
My take is that it's a we are still here and have nothing to announce that would have caused the recent price fluctuation. In other words it's a market thing.
For the chartists
Anyone notice the the low of 1.05 was a perfect technical bounce off the 13 Day EMA. That is the level you don't want to break.
Only one thing is predictable. This will not be a low volume day with little movement.
a swing of 10% + in either direction.
I do find it strange there isn't more interest here. but it's early days. The 10Q should make interesting reading later this month.
does it?
I assumed they would ony be able to book revenue as the clay is sold. This been more openended I doubt they can just book it down to Q1. I'm happy with this as it's providing a kind of backlog over 2005. Assuming all goes well, that 5000 tons could be sold on from ND and more purchases made.
As the sale is for $500 I see no reason why we can't sell to Lintech at the same price (It may be a waste of resource but money is money).
Nice bit of NEWS. I think it could be a while before others find this one. Volume not that high yet. Still a couple more profitable quarters whith good EPS % rise and we will be firing on all cylinders. I see this as a great 2005 play. Later half more exciting than the first.
Looked at the site. My first thought was that ALMI features promenently. Second thought was that nothing else did.
Was this subsiduary setup to deal with ALMI. If so this is fantastic news. I appricate the remit goes further but it looks like ALMI is the one and only focus for the moment.
Anyone know what date the subsiduary was formed. I would love to know the story behind this partnership as this could be huge.
So $250 per ton initial payment + about the same to come + the right to use the seperation process (Good for the future)
looking good. The market seems to like it anyway
Ah well
there is the 50 Ton order. Not stellar but good to get it out of the way. The most important thing is it's booked in Q4 therefore Q4 will be much better that the previous year.
you see trades of 5k-10k thats a lot more than some others I'm following.
If you look at the Level II you will often see pairs ie 1075 shares sold and 500 + 575 bought. This can be as small as 100/100. These are MM's selling and buying between themselves. on the LEVEL I this would quite correctly be seen as one trade. (or not posted as a trade at all)
Therefore LEVEL II volume differs from LEVEL I.
I could continue how the MM's manipulate stocks but I don't see it in ALMI. The difference here seems quite innocent.
Nice close.
Another poster mentioned there only been limited clay been processed in Q4, I don't see this as an issue as long as they can keep the quarter on quarter revenues rising. This has been done exceptionally well this year via the lumber market. Just a few tons of clay would provide a 100% increase in revenue with stellar future growth going forward.
I was unimpressed with yesterdays close as it was on low volume, however today was an equal 52Wk high on high volume. Volume is the key........
Rock on ALMI
Personally enjoying a real exchange. Two thoughts both correct.
This is what the board is all about. No need to appologise. Stix has a real point I relate to, he has probably similar experience with the gamble that is OTC. Doubloon has a long term view based stongly in his personal communication with the company. I think we can all agree to play this out a little longer.
This is far from RB
fromtheuk (oilgiant)
PS:- Incidently I mentioned SIOR as a gamble (don't touch until below .20 - .25 on low volume). I made i little on the last run a full pull back is now in order.
Look at SIOR if you want a crazy gamble
Target $10-$15 but it's very hard to judge (don't bet the farm)
Up 275% in a couple of weeks.
Fromtheuk (Oilgiant on RB)
Very important they have found the main bed. We already knew that but it's important to have in a PR. It is also important they follow this up in a few day with a quality / quantity (if possible) statement. That said I'm happy with the release. As for the timber I have no strong views except it help keep the OS down.
Wade, I agree with you. I too would like to see conformation of the clay bed and details of purity etc. I think we may have to accept however they can not tell us the size of the bed until well into the mining process. I don't need it audited or anything just included in a simple PR.
Thanks for the reply
I agree totally that pricing can be set via bulk shipments, but not so sure about the pricing to different sectors for the same product. Also if Lintech + possibly others in time act as suppliers how much control over them do we really have.
On a side note if a company wanted our clay would we send them to Lintech or supply direct 'cutting out the middle man'. In other words is it an exclusive contract.
I'm fairly sure we can supply direct....
An obvious question
When preparing clay for Nano as opposed to normal using the KDS, what is different. What is stopping a Nano company just buying at the normal price from either ALMI or Lintech. I appreciate that if the processing is different it can be controlled but can't see how if the product is the same.
It's a little like two people going into the same store and been charged different prices because they would use it differently.
Robj
If you have delt with OTC stocks before you too should be carefull. Wade summed it up well in his post, amagine the following PR's, none of which would contradict what has already been anounced.
Main Halosyte bed unusable due to impurities etc. Or too small to be worth mining.
KDS only able to process 1/10th of expected volumes as they attempt to ramp it up.
The only PR statement that seems solid to me is the outstanding orders (IE they exist.
Not to mention down time due to failures with the KDS / Generator. Worse than expected snowfall etc etc.
Processing anounced but still no confirmation of the clay bed. I agree with Wade they should really confirm they have reached and drawn clay from the mine not just processing the surface material.
I agree, Remember that today is the first day of a new quarter. I suspect the anouncing of new contracts / shipping news will be dispersed over several PR's not just one.
Atlas Mining Announces Formation of Wholly Owned Subsidiary Nano Clay and Technologies Inc.
New Company To Focus On Sales and Marketing and Exploitation Of Microtubular Technologies
OSBURN, Idaho, Sep 29, 2004 /Xinhua-PRNewswire via COMTEX/ -- Atlas Mining Company (OTC Bulletin Board: ALMI), a rapidly growing natural resource and mining company, announced today it has formed a subsidiary company, Nano Clay and Technology, Inc., to become the company's sales and marketing division focusing on specific markets. Atlas Mining will still focus on bulk sales of clay, contract mining, and other traditional mining opportunities.
Atlas Mining CEO said ''We have been meeting with a number of interested parties on traditional uses for Halloysite, but what has been amazing is the race with alternative technologies. Our current distribution channels are geared for the traditional end users. But after seeing some of the advantages of our unique quality halloysite as introduced by Dr. Ron Price and the US Naval Research Lab involving microtubular technology, we feel this is a market that merits our direct attention. If we don't pursue these types of opportunities we are not doing our job. The Halloysite clay used in some technology applications can yield upwards of $1,000.00 a ton, so our interest is obvious. We currently have commitments for about 15,000 tons of clay per year from our traditional markets, but feel if we work the technology side we can triple the demand and potentially increase our margins.''
Nano Clay and Technology, Inc. will immediately be led by Jacobson, but the plan is to staff the new company with seasoned, industry relevant sales and marketing executives.
''In recent months,'' continued Jacobson, ''we have had several high level discussions with companies looking for a solution to carry the nanotechnologies on which they are working. We realized we have only touched the tip of this iceberg with our halloysite. Our focus will not be in developing nanotechnologies. We are a nano-materials supplier interested in introducing our clay as the carrier agent to as many potential end users as possible.''
The Dragon Mine is a rich cache of the mineral ''halloysite''. Historically, halloysite has been used in the manufacturing of bone china, fine china, and porcelain products. However, internal and other chemists and scientists have discovered new uses for the processed mineral. The Dragon Mine halloysite also has a unique tubular quality, not unlike a grain of rice, only considerably smaller and hollow. The halloysite microtubules can act as a time-release capsule, dissolving over time, and can be filled with such things as antifouling paint, antiscalants, herbicides, pest repellents, and other agents which could benefit from a controlled release.
Jacobson continued, ''These types of sales cycles are a little longer to bring to fruition and it's important for all of us to have a very seasoned and professional sales and marketing company leading these efforts. Most of us at Atlas Mining are professional miners. We know mining, and the business of mining. We know how to mine, and process and even sell our core products into traditional markets. This is where we need to focus.
''These new and emerging markets for our products need expert attention from sales and marketing experts who understand this area. Through this approach we'll make this company successful from all angles. This new subsidiary has been formed to separate the core business of mining from the great potential in the technology sector,'' concluded Jacobson.
Will be interesting to see the effect. As ALMI has played the anti dilution card I wouldn't be suprised to see an upbeat PR raised explaining the reason. Obviously ALMI needs cash but to whom will the 5,000,000 be sold. On open market it would crash the PPS due to the low volume, ALMI would also not get the cash it needs.
It was also pointed out on the board that the price was never allowed to drop below .20 (last minute trades bumping the price before the close). Could this be the reason. A private investor agreeing to buy the allocation at a set price and the PPS held steady to ensure the price they paid was reflected by the share price.
The overall effect on this could be flat as allocation of this nature are common in OTCBB land. We shall see......
Thanks for the response
I tend to use all or none as sometimes they can fill a really small allocation and then move the ask up, making you commision price more expensive than the allocation. I also don't like leaving trades open (GTC) esspecially on the OTC stuff. As such I find myself chasing the ask. I held .19 for a few weeks and .205 today.
Good luck
While I share your desire to get a PR published, I doubt it will have any immediate effect other than generating discussion on this board and elleviating our concerns.
Have they found the amount of haloysite they were expecting.
Is it all the same quality.
Is the Generator / KDS running as expected.
Are we now generating revenue, and how much.
Most of these questions have been answered by people on this board who seem genuine in keeping us informed, however I have learnt not to take anything as gospel until released by the company it's self (And often not even then).
I hope the price increase will be steady and sustained rather than doubling overnight only to fall back the following day. I suspect there is not enough outstanding shares here to interest the day traders so we should be OK.
I finally managed to add to my position today after been frustrated by the MM's not selling to me at the ask earlier in the week.
Fromtheuk