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EW YORK (TheStreet) -- Shares of Home Loan Servicing Solutions (HLSS) plunged more than 35% to a 52-week low of $9.83 in sympathy with peer company Ocwen Financial (OCN) .
Ocwen also plummeted Tuesday on reports that California wants to suspend the payment collection company's mortgage license because of its failure to produce documents that prove it complies with California's homeowner protection laws, according to the Los Angeles Times.
The state accused Ocwen of defying requests made by the California Department of Business Oversight, which handles licensing of non-bank mortgage lenders, along with collection and foreclosure services.
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Home Loan Servicing Solutions also announced a monthly dividend of 18 cents on Monday. Shareholders of record on Friday, January 30 will receive a dividend of 18 cents a share on Tuesday, February 10. The ex-dividend date is Wednesday, January 28.
TheStreet Ratings team rates HOME LOAN SERVICING SOLTNS as a "buy" with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate HOME LOAN SERVICING SOLTNS (HLSS) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, attractive valuation levels, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
The revenue growth greatly exceeded the industry average of 21.8%. Since the same quarter one year prior, revenues rose by 22.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Thrifts & Mortgage Finance industry and the overall market, HOME LOAN SERVICING SOLTNS's return on equity exceeds that of both the industry average and the S&P 500.
The gross profit margin for HOME LOAN SERVICING SOLTNS is currently very high, coming in at 95.98%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 50.58% significantly outperformed against the industry average.
HOME LOAN SERVICING SOLTNS has improved earnings per share by 25.4% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, HOME LOAN SERVICING SOLTNS increased its bottom line by earning $2.22 versus $1.23 in the prior year. This year, the market expects an improvement in earnings ($2.66 versus $2.22).
You can view the full analysis from the report here: HLSS Ratings Report
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
HLSS what's wrong with it???
NOG beats by $0.07, misses on revs; co raises 2014 production guidance to +20-25%, from +15% YoY growth (NOG) : Reports Q2 (Jun) earnings of $0.29 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus Estimate of $0.22; revenues fell 22.5% year/year to $74.6 mln vs the $97.17 mln consensus.
Thanks Nigel.
Rumore from YMB says the IPO price will be lower than anticipated.
SDCJF - what happened to SDCJF???
Form 8-K for CHINA ENERGY CORP
21-Sep-2011
Change in Directors or Principal Officers, Financial Statements and Exhibits
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION
OFDIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORYARRANGEMENTS OF CERTAIN OFFICERS.
On September 15, 2011, the China Energy Corporation (the "Company") appointed Mr. Tieming Ge ("Mr. Ge") to serve as an independent director of the Company, and as a member of the Audit, Nominating and Corporate Governance and Compensation Committees of the Board of Directors of the Company, effective as of September 1, 2011. The appointment of Mr. Ge was unanimously approved by the Company's Board of Directors. Mr. Ge has no family relationships with any of the executive officers or directors of the Company. There have been no transactions in the past two years to which the Company or any of its subsidiaries was or is to be a party, in which Mr. Ge had, or will have, a direct or indirect material interest.
Mr. Ge, age 66, currently serves as Chief Advisor to China National Building Materials Group Corporation, the largest building materials group in China, a role in which he has served since November 2005. Since 2006 he has served as Independent Director of CITS Group Corporation, a state-owned enterprise in China integrated with travel service, communication and transportation, foreign trade, real estate development and management and e-commerce, as Outside Director of Pangang Group Steel Vanadium & Titanium Co. Ltd, one of the largest vanadium and titanium companies in China and Vice President of China Architectural and Industrial Glass Association. Previously, Mr. Ge served as Secretary of CPC Committee of China National Building Materials Group Corporation until November 2005. Mr. Ge graduated from Beijing Building Material Industry College in 1968, majoring Silicate Applications.
On September 15, 2011, the Company and Mr. Ge entered into a director agreement (the "Agreement"). The Agreement provides that Mr. Ge will receive cash compensation of $7,500 during the term of the Agreement, as well as an option to purchase up to 15,000 shares of the Company's common stock with an exercise price of $0.47 per share. Additionally, Mr. Ge will receive RMB800 for each board or committee meeting that he attends, and he will be reimbursed for his expenses incurred while attending such meetings. The option will vest in equal, quarterly installments on the last of the Company's fiscal quarter during the term of the Agreement (beginning with the fiscal quarter ending November 30, 2011). The term of the Agreement is from September 1, 2011 to May 31, 2012.
A copy of the Agreement is attached as Exhibit 10.1 and is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
Exhibits
10.1 Agreement between the Company and Mr. Tieming Ge, dated September 15, 2011.
how do you guys feel like the 4Q report and the future of the company?
TIA.
Gold Resource Corporation Reports Fourth Quarter and Year End 2010 Results
Conference Call March 16, 2011
Email
Print
Companies:Gold Resource Corporation Commo
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GORO 24.34 -0.61
Press Release Source: Gold Resource Corporation On Tuesday March 15, 2011, 4:14 pm EDT
DENVER, CO--(Marketwire - 03/15/11) - Gold Resource Corporation (GORO) (AMEX:GORO - News) today announced financial results for the fourth quarter and year ended December 31, 2010. CEO conference call is scheduled March 16, 2011. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.
Overview of Full Year 2010 Results from El Aguila Project
Gold Resource Corporation declared commercial production July 1, 2010. In the first six months of commercial production, Q3 and Q4 of 2010, the El Aguila Project produced 10,493 ounces of gold at a cash cost of $217 per ounce, net of by-product credits, and sold its gold at an average price of $1,201/ounce. The mine generated a gross profit of $9.8 million.
For the year 2010 the Company had a net comprehensive loss of $23 million or ($0.46/share) due primarily to expensing continued Project construction and development costs and to non-cash items.
The Company's 2010 mill production throughput rate averaged 755 tonnes/day and mill head grade averaged 3.7 grams per tonne gold. Extensive and unusually heavy rains during the third quarter and first half of the fourth quarter of 2010 complicated production as lower grade stockpiles with less clay materials were better suited to run during that time. Mill recoveries were 81% in the third quarter and 74% in the fourth quarter, primarily because of the lower head grade run during the fourth quarter. Mill recoveries averaged 77% for the year ended December 31, 2010.
In November, 2010 the Company commenced underground mining and stockpiling of the La Arista high-grade, polymetallic mineralization at the El Aguila Project. The Company announced March 14, 2011 making the transition from processing open pit ore to processing Arista underground ore, in the mill's flotation circuit, ahead of the Company's mid-2011 target. Ore stockpiles remaining from the open pit mine will eventually be processed in the mill's agitated leach circuit. Mill optimization and ramp-up of the Arista polymetallic ore continues.
Gold Resource Corporation's President, Mr. Jason Reid, stated, "2010 was an important year for Gold Resource Corporation as we emerged as a low cost gold producer, an accomplishment achieved by few. We commenced commercial production from our open pit in Q3, continued to optimize operations in Q4 and are developing the Arista underground mine. Even with the challenges of early production and inclement weather we are pleased as the Project continued to demonstrate its low production costs of less than $800,000 per month for the six months of commercial production and produced a mine gross profit of $9.8 million dollars."
"We expect continued reduction of unit cash cost per ounce of gold by using industry standard base metal by-product credits from the Arista deposit which, in addition to gold and silver mineralization, also contains base metal mineralization of copper, lead and zinc. As we continue mill optimization, ramp up and production from the Company's largest deposit discovered to date, La Arista, we look forward to 2011 as a transformational year for Gold Resource Corporation as we target processing higher average grade ore, lower cash costs and greater production levels in 2011," stated Mr. Jason Reid.
Mr. Jason Reid continued, "We remain consistent in our long term objective to return money back to the owners of the Company, its shareholders. Using cash flow generated from mine operations, the Company declared and paid its shareholders a $0.03 per share dividend each month since commencing commercial production July 1, 2010."
2010 Q3 & Q4 HIGHLIGHTS
-- Achieved commercial production July 1, 2010
-- Produced 10,493 ounces of gold at a cash cost of $217 per ounce
-- Generated $9.8 million mine gross profit
-- Dividend distributions of $0.18 per share for the six months of
commercial production
-- Cash and cash equivalents of $47.5 million on hand at December 31, 2010
-- Mining, stockpiling ore and continued Arista underground mine
development
Conference Call
Gold Resource Corporation's CEO, Mr. William W. Reid, will host a 45 minute conference call Wednesday, March 16, 2011 at 11:00 a.m. EST. Mr. William Reid will update shareholders on year end results followed by a Question & Answer period. The conference call will be recorded and posted to the Company's website in 3 to 5 business days from recording.
Date: Wednesday, March 16, 2011
Time: 11:00AM EST (9:00 AM Mountain)
Attendee Access Information:
Title: Gold Resource Corporation 2010 Year End Conference Call
Host Name: William W. Reid
Company Name: Gold Resource Corporation
US/CAN Toll free: 1-877-681-3373
Int'l Toll: 1-719-325-4811
Passcode: 1720397
Please dial-in to the meeting at least 5 minutes prior to the start time using the attendee phone number and passcode.
About GRC:
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in five potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The Company has 52,998,303 shares outstanding, no warrants and no debt. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.
Cautionary Statements
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan," "target," "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-K filed with the Securities and Exchange Commission
See Accompanying Tables
The following information summarizes the results of operation for Gold Resource Corporation for the 3 months and years ended December 31, 2010 and 2009, its financial condition at December 31, 2010 and 2009 and its cash flows for the years ended December 31, 2010 and 2009. The summary data for the 3 months ended December 31, 2010 and 2009 is unaudited; the summary data for the years ended December 31, 2010 and 2009 is taken from our audited financial statements contained in our annual report on Form 10-K for the year ended December 31, 2010, but do not include the footnotes and other information that is included in the complete financial statements. Readers are urged to review the Form 10-K in its entirety, which can be found on the SEC's website at www.sec.gov.
The calculation of our cash cost per ounce contained in this press release is a non-GAAP financial measure. Please see "Management's Discussion and Analysis and Results of Operation" contained in the Form 10-K.
Gold Resource Corporation and Subsidiaries
(An Exploration Stage Company)
Consolidated Statements of Operations
(amounts in thousands, except per share amounts)
--------------------- ---------------------
Three Months Year
Ended December 31, Ended, December 31,
--------------------- ---------------------
2010 2009 2010 2009
---------- ---------- ---------- ----------
Sales of metals concentrate $ 4,779 $ - $ 14,754 $ -
---------- ---------- ---------- ----------
Production costs applicable
to sales 1,884 - 4,721 -
Depreciation, depletion and
amortization 103 - 166 -
Accretion 17 - 68 -
---------- ---------- ---------- ----------
Total mine cost of sales 2,004 - 4,955 -
Mine gross profit 2,775 - 9,799 -
Costs and Expenses
General and administrative 4,624 1,051 9,302 5,378
Exploration expenses 726 3,939 4,692 7,811
Construction and development 6,323 2,106 18,435 20,995
Production start-up expense,
net - - 209 -
---------- ---------- ---------- ----------
Total costs and expenses 11,673 7,096 32,638 34,184
---------- ---------- ---------- ----------
Operating (loss) (8,898) (7,096) (22,839) (34,184)
Other income (expense)
Currency exchange (loss) (242) - (330) -
Loss on sale of assets (4) - (4) -
Interest income 23 30 99 55
---------- ---------- ---------- ----------
Total other income
(expense) (223) 30 (235) 55
(Loss) before income taxes (9,121) (7,066) (23,074) (34,129)
Provision for income taxes - - - -
---------- ---------- ---------- ----------
Net (loss) $ (9,121)$ (7,066)$ (23,074)$ (34,129)
---------- ---------- ---------- ----------
Other comprehensive income:
Currency translation gain (468) (1,383) 215 (968)
---------- ---------- ---------- ----------
Net comprehensive (loss) $ (9,589)$ (8,449)$ (22,859)$ (35,097)
========== ========== ========== ==========
Net (loss) per common share:
Basic and Diluted $ (0.19)$ (0.16)$ (0.46)$ (0.78)
========== ========== ========== ==========
Weighted average shares
outstanding:
Basic and Diluted 49,060,466 43,764,703 50,042,471 43,764,703
========== ========== ========== ==========
Gold Resource Corporation and Subsidiaries
(An Exploration Stage Company)
Consolidated Balance Sheets
(amounts in thousands, except share amounts)
December 31,
---------------------
2010 2009
-------- -----------
ASSETS
Current assets:
Cash and cash equivalents $ 47,582 $ 6,752
Restricted Cash - 11,436
Accounts receivable 1,185 -
Inventories 3,063 225
Prepaid and refundable taxes 5,848 2,132
Other current assets 9 156
-------- -----------
Total current assets 57,687 20,701
-------- -----------
Land and mineral rights 227 227
Property and equipment, net 4,849 1,726
Other assets 34 11
-------- -----------
Total assets $ 62,797 $ 22,665
-------- -----------
LIABILITIES
Current liabilities:
Accounts payable and accrued expenses $ 4,866 $ 725
Dividends payable 1,590 -
-------- -----------
Total current liabilities 6,456 725
-------- -----------
Asset retirement obligation 2,495 1,992
SHAREHOLDERS' EQUITY
Preferred stock - -
Common stock 53 48
Additional paid-in capital 152,444 95,692
(Deficit) accumulated during exploration
stage (97,891) (74,818)
Other comprehensive income
Currency Translation Adjustment (760) (974)
-------- -----------
Total shareholders' equity 53,846 19,948
-------- -----------
-------- -----------
Total liabilities and shareholders' equity $ 62,797 $ 22,665
======== ===========
Gold Resource Corporation and Subsidiaries
(An Exploration Stage Company)
Consolidated Statements of Cash Flows
(amounts in thousands, except per share amounts)
December 31,
2010 2009
--------- ------------
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) $ (23,074) $ (34,129)
--------- ------------
Adjustments to reconcile net (loss) to net cash
(used in) operating activities:
Depreciation 324 167
Accretion expense 68 -
Stock compensation 2,694 2,844
Asset retirement costs 315 1,992
Foreign currency translation adjustment 215 (968)
Loss on sale of assets 4 -
Change in operating assets and liabilities:
Accounts receivable (1,185) -
Prepaid and refundable taxes (3,716) (2,132)
Other current assets 146 47
Inventories (2,838) (225)
Accounts payable and accrued liabilities 4,142 (1,029)
Other (24) (6)
--------- ------------
Total adjustments 145 (690)
--------- ------------
Net cash (used in) operating activities $ (22,929) $ (33,439)
--------- ------------
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures (3,560) (1,204)
Restricted cash 11,436 (11,436)
--------- ------------
Net cash provided (used in) by investing
activities $ 7,876 $ (12,640)
--------- ------------
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of stock 63,393 48,990
Proceeds from exercise of options - 184
Dividends paid (7,740) -
--------- ------------
Net cash provided by financing activities $ 55,653 $ 49,174
--------- ------------
Effect of exchange rate on cash and equivalents 230 123
Net increase in cash and equivalents 40,830 3,218
Cash and equivalents at beginning of period 6,752 3,534
--------- ------------
Cash and equivalents at end of period $ 47,582 $ 6,752
========= ============
Contact:
Some interesting stuff about MuddyWater
(can someone transfer this post to other boards like CGS etc.?)
http://seekingalpha.com/article/219172-orient-paper-and-the-unfortunate-shady-corners-of-wall-street
I just found out from yahoo msg board as well. thanks!
illegal,
did you find any news for the dropping?
thanks,
do you guys have any idea when they will be able to get the permits?
fyi, the Spring Festival (New Year) break is from Feb 6 to Feb 12, 2008.
bbotcs
the BDI (rental rates) keeps increasing during the past year. that justifies the price appreciation of all dry bulk carriers.
FYI
Oil & Gas Financial Journal Announces Presenter Schedule
for the Houston Energy Financial Forum
More than 50 Exploration & Production Companies Confirmed to Participate
Houston, Tex., November 5, 2007 - PennWell Corp. and Oil & Gas Financial Journal (OGFJ) announced today the schedule of presenters for the Houston Energy Financial Forum. The industry’s foremost exploration and production company leaders will present November 13 – 15, 2007 in Houston at the Hotel ZaZa. This will be the first opportunity for industry executives, analysts, and institutional investors to hear third quarter results from producers and service companies.
This year’s event is co-hosted by CIT Energy and sponsored by American Stock Exchange, Texas Capital Bank, Gardere, Weaver & Tidwell, Canaccord Adams, Flotek Industries, Enertia Software, Cameron, Energy Capital Solutions, Oil & Gas Business Solutions and TC Technologies.
The line-up for Houston Energy Financial Forum, listed in time slot order by day:
Tuesday, November 13, 2007 Presenters:
New Frontier Energy Inc. (NFEI.OB)
Basic Energy Services Inc. (NYSE: BAS)
Callon Petroleum Co. (NYSE: CPE)
Sterling Energy Plc. (LSE: SEY.L)
Double Eagle Petroleum Co. (NSDQ: DBLE)
Core Lab (NYSE: CLB)
Cimarex Energy (NYSE: XEC)
ATP Oil & Gas Corp. (NASDAQ: ATPG)
Kodiak Oil & Gas Corp. (AMEX: KOG)
Cheniere Energy, Inc. (AMEX: LNG)
Brigham Exploration Co. (NSDQ: BEXP)
Samson Oil & Gas Ltd. (ASX: SSN)
Endeavour International Corp. (AMEX: END)
American Oil & Gas Inc. (AMEX: AEZ)
TXCO Resources Inc. (NASDAQ: TXCO)
Storm Cat Energy Corp. (AMEX: SCU)
Pinnacle Gas Resources Inc. (NSDQ: PINN)
GeoResources Inc. (NSDQ: GEOI)
Wednesday, November 14, 2007 Company Hosted Breakfast Tables:
Northern Oil & Gas Inc. (OTC BB: NOGS.OB)
GeoPetro Resources Co. (Amex: GPR)
South Texas Oil Co. (STXX.OB)
Wednesday, November 14, 2007 Presenters:
Northern Oil & Gas Inc. (OTC BB: NOGS.OB)
PetroSearch Energy Corp. (PTSG.OB)
BPZ Energy Inc. (AMEX: BPZ)
Boots & Coots International Well Control, Inc. (Amex: WEL)
Carrizo Oil & Gas (NASDAQ: CRZO)
Max Petroleum Plc. (MXP)
NGAS Resources Inc. (NSDQ: NGAS)
Evolution Petroleum Corp. (AMEX: EPM)
Addax Petroleum Corp. (AXC.TO)
Flotek Industries Inc. (AMEX: FTK)
PetroQuest Energy Inc. (NYSE: PQ)
Parallel Petroleum Corp. (NSDQ: PLLL)
Dune Energy Inc. (AMEX: DNE)
CANO Petroleum Inc. (AMEX: CFW)
GMX Resources Co. (NSDQ: GMXR)
FX Energy Inc. (NSDQ: FXEN)
Bayou Bend Petroleum Ltd. (BBP.V)
Foothills Resources Inc. (FTRS.OB)
Thursday, November 15, 2007 Presenters:
Gateway Energy Corp. (OTCBB: GNRG)
Exxel Energy Corp. (EXX.V)
Petro Resources Corp. (AMEX: PRC)
Gastar Exploration Ltd. (AMEX: GST)
Panhandle Oil & Gas Inc. (AMEX: PHX)
Geokinetics Inc. (AMEX: GOK)
W&T Offshore Inc. (NYSE: WTI)
Energy XXI (NASDAQ: EXXI)
Southwestern Energy Co. (NYSE: SWN)
Cameron International Corp. (NYSE: CAM)
GeoPetro Resources Co. (AMEX: GPR)
Far East Energy Corp. (FEEC.OB)
PRB Energy Inc. (AMEX: PRB)
South Texas Oil Co. (STXX.OB)
Megawest Energy Corp. (MGWSF.OB)
Anterra Energy Inc. (OTCPK: ATERF)
interesting to how the market reacts.
thanks. maybe a good timing to buy VPHM then.
where did u get the info: vanco to treat MRSA?
MDF
up big these two days, without any news? anyone got any clue?
that's EDU, $62+ right now.
Mike,
thanks. Great info. I feel as long as DGLY can secure the patent, then we'll have a long run.
competitors?
while DGLY does look attractive at this point, do you guys know of any competitors? since the margin is so high and I think the market entry level is not that high, I am afraid if DGLY can sustain such rapid growth into 2 or 3 years.
mcz exploded
any reasons?
is this for real?
funny, this company has 1 full time employee
Mr. Steven H. Cardin , 56
Chairman, Chief Exec. Officer, Principal Financial Officer and Principal Accounting Officer
i may consider add a few as well.
and it drops again today
obviously it's not easy for retail investors to prove the news leaking caused by management. and considering the current situation, probably the SEC won't be able to take care of that as well.
we are fooled.
can we sue the management for news leaking?
looks like I am not alone by any means.
really get tired of those junk emails.
I'll say 15%.
that's encouraging. hope it helps stop the PPS falling.
whoswho
VPHM ER Date
Does anybody know when is the ER date? Should be in the near future.
TGA Transglobe Energy announces Hatat #1 wildcat exploration well was plugged after failing to test hydrocarbons from 596 meter interval
it would be interesting to watch how this baby behaves before the OE.
VPHM
Another bloody day for VPHM. What's wrong with this baby???
Anybody still feel promising?
ww