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Found this PR dated last week from Yahoo finance news. Looks like great news to me!!! Now if we could just get a few more or so.https://finance.yahoo.com/news/applied-minerals-receives-initial-commercial-120000749.html
I just noticed that the web site is up and totally functional. I'm hoping this is a good sign because I believe the 10-Q should be out sometime next week.
While listening to the last SH meeting, I think, Andre mentioned $4,000,000 as being an average annual burn. And he also said because of the price structure of some of our products it may not take that much material to meet that burn. So what we need is $1,000,000 per quarter. OK, I know, wishful thinking but it would be nice to slow down the rate of dilution.
Anyway, the web site looks great with some good info...r7
Finally!!! after all these years we get our first legitimate sales contract so if you are a long lets hope the next one don,t take quite as long. Also I wonder if its a good time to pick a few more shares, I did notice where two members of the board recently used their .83 options to add about 300,000 shares between them.
r7
I would normally view competition as a negative but in this case, not so much. I would think that many potential buyers would have many sleepless nights worring about a disruption in supply from their single source supplier. Now this new find, once developed, could somewhat allay those concerns. Anyway if Northstar continues to sell or offer at $700 per ton I could see AMNL buying it at that price, processing it and reselling for a higher price.
Speaking of sales, did anyone notice what Zeitoun said at the last SHM. I don't remember the exact quote but he said sales was no longer about IF anymore. I think he was basing this on the fact that more than 40 companys were testing and the feedback they were getting was meeting or exceeding expections. Now this could have just been wishfull thinking but according to the last filing he has put his money where his mouth is. On form 13d it shows Zeitoun buying over 2.4 millions shares for almost 1.7 million dollars, which gives him a balance of over 3.8 million shares. That makes him a beneficial owner at 5.3%. Anyway, that should give the company enough funding well into next year...r7
We cordially invite you to attend the 2010 Annual Meeting of Shareholders, to be held on Thursday, June 10, 2010, at 3:00pm Eastern Time Zone.
The above was taken from the last filing(DEF 14A). I also noticed in this filing that the Board of Directors, after a review of the performance of Material Advisors,LLC has decided to extend the term for another year. From December 31,2010 through December 31, 2011.
Maybe they have some news, hopefully good news this time.
Applied Minerals is proud to introduce Dragonite-XR, a drop-in additive specifically suited for polymer reinforcement.
The above was taken from the website. It appears the focus of sales is going to be in the polymer/composite industry which should come as no surprise. If you remember at the last shareholders meeting it was also the primary focus.
I like the new look of the website but the technical data on the spec sheet is well beyond my understanding.....r7
Would KaMin's refining process damage the nanotubes? I recall Zeitoun saying at the SHM that 20 tons of material had already been refined and about 60% of the recovered clay was tubular. We won't know if that is the norm until we see the complete test results. Another thing we have to remember is that these nanotubes are about the size of some bacteria and if some of the nanotubes were damaged during processing, how would you ever know?.....r7
The following is a question I sent to IR and their response about
the 26,500 ton annual commitment with KaMin.
RE: Applied MinerialsMonday, November 23, 2009 1:47 PM
From: "Tim Clemensen" <TClemensen@rubensteinir.com>Add sender to ContactsTo: "'Rick'" The 26,500 minimum annual capacity commitment is for finished tons ie. (output). It doesn’t matter how much feed material is given to get to that 26,500. Also, keep in mind that the Waste piles that depict 26% recovery is an average of the entire pile. We can mine from the piles in areas where we know the recovery will be substantially greater than the average. Hope this answers your question.
Tim
--------------------------------------------------------------------------------
From: Rick
Sent: Friday, November 20, 2009 11:09 PM
To: Tim Clemensen
Subject: Applied Minerials
In todays pr (11/20/2009) for Applied Minerials the amount of 26,500 tons was given as the annual capacity. My question is that before or after processing? Using the 26% ratio they would need to process about 100,000 tons to get that total. But if the 26,500 tons is before processing it appears it would yield a little less than 7,000 tons. Thanks in advance for any help you can offer.
I wonder what one short ton will sell for? Yes, thats the question Mr. Zeitoun seemed to side step at the SHM. But he did offer up a few clues when he mentioned some of the minerials/clays in the polymer market. The ones I remember were mica, talc, fiberglass and montmorillonite. I think he said montmorillonite was selling for $3.50/lb. and fiberglass for $.50/lb. now that sounds like a big range but Zeitoun suggested with the different loadings the prices were competitive. So lets say halloysite $3.00/lb ($6,000)per ton. I could live with that......r7
Heres the link for share holders meeting.
https://www.virtualshareholdermeeting.com/sites/atals/atlas.html
I finally got around to listening to the replay of the shareholders meeting and found it long(1hr 13min) but informative, especially the Q&A. At least now they seem to have a plan on how to solve that old problem of delivering a consistant material in a timely manner. If they can do that we just might make a little money here....r7
If my math is correct, the shareholder letter out this morning, states in the 5 waste piles left over from previous mining operations there is a total of over 3.5 millions tons of material. Bulk sample testing shows recoveries of clay between 26%-33%. At the lowest percentage(26) my math shows over 900,000 tons! If that's correct thats a huge amount to what I was expecting. r7
Applied Minerals, Inc....I wonder if the company keeps the same ALMI symbol? This taken from the proxy filing today. r7
With this latest filing it looks like the company is current through 12/31/2008. Does anyone know if they will drop the PK from their stock symbol if and when they become fully current? Its also somewhat reassuring to see they have started to upgrade their website. r7
Has anyone had a chance to check out the latest 8-K? Well, it seems the special committee has completed most of it's investigation which was much more in depth than I would have believed.
At first I thought they(the committee) was going to throw the lifeboats overboard and desert this ship. But as I read on it seemed point for point everything they found wrong they had already made a change or was in the process of making a change to correct it. Some of those points are...
---a majority of independent directors
---a change in certifying accountants
---to become current with the SEC filing as soon as practicable
---a geologic evaluation by an independent third party internationally recognized for expertise is ongoing.
also a different slant on the $250,000 matter. r7
What is the Dragon Mine actually worth? The most important piece of information that most of us are waiting on is the results from the independent drilling survey. If it proves the old estimates(300,000 tons) were right (plus or minus 10%) I would feel a little more confortable adding to my position. I remember someone posting on this or another thread that Natural Nano had purchased 15 tons of halloysite from a New Zealand mine for about $20,000. So excluding shipping costs etc..lets just call it $1,000 per ton. And if the old estimates are correct...300,000 tons x $1,000= 300 million dollars.
Now if Mr. Taft was privy to some early results from the survey he also might be comfortable adding to his position. And if he were to find a buyer for $100 million for the mine he could easily buy controling interest in Almi for less than 18 million and then buy it outright by making a tender offer of $1.00 for the remaining 30 million shares. Results might look like this: $100 million - $60 million = $40 million plus a contract mining company. So do I think the mine could be sold....yes. But thats a lot of ifs...
rseven
Would Atlas Mining sell the Dragon Mine? Well....that depends...but what I think might be an even more important question is...What does David Taft(IBS) have on his mind? About 2 months ago he purchased nearly 600,000 shares for his Turnaround funds and recently 2,000,000 more in a private placement which gives him a total of over 12 million shares.
OK, lets suppose Mr. Taft found a buyer who was willing to buy the mine for 25 million dollars and Mr Taft is able to talk the BOD into selling. How much of the 25 million would Mr taft get? Well he might get a finders fee from the buyer but once ALMI releases the PR about the sell of the Dragon Mine, the "Crown Jewel" of Atlas Mining I think you would see a quick exit by many share holders and Mr Taft would not get the needed price appreciation he needs to keep his investors happy. So, no I don't think the mine will be sold....Yet
rseven
I find that if I begin to doubt or become frustrated with the current share price it sometimes helps to go back and reread some of your old DD. After doing so you will realize that even if the share price drops to...1.70...1.50...1.30...it won't change the fact that we still have 300,000+ tons of one the rarest commercial clays on earth. This will give us a floor to our share price whether it is sold as nanoclay or in the traditional markets. Hey, and look at the bright side, with option prices for our new management at 2.35, 2.41, and 2.74, we don't have to worry about dilution for a while......r7
From what I understand they can mine it faster than they can process it. Using current methods and manpower they can mine 30,000 tons per year but only process (8 hr.day) 12,000 tons per year. So it would take about a month to replace a 1,000 ton inventory. As for the price I can only speculate but I think someone on this board once offered an industry standard but I don't recall what it was.....r7
Backlog or inventory? This is interesting because I had the same concerns as you, but there were two reasons why I favored backlog over inventory. First, I couldn't wrap my mind around the sheer logistics of storing that much material. If I remember correctly they were going to ship using 500lb. bags and I would assume they would store it in those same bags. That would mean they would need more than 4000 bags and pallets. Yes, you could put that much is a moderate size building if you could stack it high enough but would it be safe and would the bottom layers not rupture under the weight. But who says it has to be inside anyway. They could stack it outside and cover it with tarps. If thats something they can do that only leaves me with my second reason. I would like to think these updates are proof read by others in the company because they are so scrutinized by the public and finally because I want to believe it's a backlog, hey I'm just your ordinary optimist....r7
From the latest update on the Nanoclay website "We currently have a backlog of of over 1000 tons of halloysite ready to ship to customers." If this means what I think it means this is a very nice development. It would also be nice to know the average price per ton. These sales could bring in from 1,000,000 to 2,500,000 dollars! r7
If anyone had plans to check out the presentation by Dr. Price and his old friend Dr.Yuri Lvov had better hurry. According to the time schedule its 4:40pm-7:00pm on Thursday in the ballroom of the hotel. But there's really no need to hurry, because of the time difference its already Friday morning in China. After checking out some of the beautiful photos of the island, I wonder why I get the feeling that Mrs. Price and Mrs. Jacobson may have found time in their busy schedules to make this trip. I also browsed through some of the other presentations(accepted papers) and found one that had halloysite nanotubes in its title and I found several others that has nanoclay/ceramics in their titles. I'm sure it was reassuring to Dr. Price that his story had preceded him to the other side of the world. r7
I keep finding myself going back to that photo on the Nanoclay web site (April 17, 2007) with the caption "A Real Company Shipping A Real Product!" Now here is a company which it seems has done very little but ship samples for the past 4+ years. So why all the excitement about this one? Well I've got to believe that this wasn't a sample shipment and if it wasn't how large was it? Yes I saw only 3 bags but it makes me wonder what self-respecting dispatcher would send a 40ft+ trailer up that mountain to pick up only 3 bags. But regardless of the size of the shipment and if this was indeed a sale that makes it a material event and at some point in the future the share holders will need to be informed. But when? If history is any indication then that 500 ton sale to NaturalNano in the 4th quarter of 2004 is the only other sale that I know of and it wasn't announced until mid January 2005. So if I were to make a guess I would say somewhere between now and (mid-August) when the 2nd quarter results are released. How was that for going out on a limb? Now back to waiting and buying on the dips. Speaking of dips when is this current one going to find a bottom? Soon I hope. r7
Was it wishful thinking,just an example,or a viable clue? Of course I'm referring to the last update on the nanoclay page where Dr. Price is comparing the cost of carbon vs. halloysite nanotubes. Now, if my math is right is he suggesting $2500.00 per ton and what happens after May 15, does the cost go up? It sounds like this update was written a (little tongue in cheek) but we can never be sure......r7
I see we have a new update(Jan 30 2007) from NanoClays and Technologies on the atlas web site. Highlights include several EXCELLENT industry contacts at the ACS meeting....production of quality halloysite clay continues to increase....Dr. Yuri Lvov has several joint research papers in the works dealing with DRUG RELEASE and biocatalysis....staff was also surprised at the level of interest from European and Japanese materials scientists. Also the latest filing(SC 13/D/A) shows IBS having discussions with the Company regarding independent director(s) to the board. Hopefully this means they are planning to be around for a while.
While we can't be certain if any other mutual funds are accumulating, the Form 4, filed Friday has our old friends at IBS Capital picking up another 1,481,482 shares for a grand total of 7,161,182 shares. I hope they don't buy em all up before I get my tax refund.
Could this be another possible market? Recently at a regional AMCA conference(mosquito control) Dr. Jonathan R.Matias(Poseidon Ocean Sciences, Inc.) presented a paper(#154) titled "Enhancement of the repellency of menthol propyleneglycol by entrapment in halloysite microtubules" don't you just love the way these guys talk?
You're absolutly right Treedoc about the different markets. It wasn't that long ago when I would do a google on "halloysite microtubules" or "halloysite nanotubes" and I would be lucky if I got a 1000 hits. The last search I did on "halloysite nanotubes" I got over 30,000 hits!.......rseven.
Biomimetic Nanoreactors??.....Don't Ask..but to get everyones mind off our SP for a while it sometime helps to take a big STRETCH, so here goes. Last year Dr. Price co-authored an article that appeared in a nanotechlogy journal called SMALL(Vol 1 Issue 5) the article was titled "Halloysite Nanotubes As Biomimetic Nanoreactors". Now I don't have clue to what the article was about but the co-authors(DG Shchukin, GB SUkhorukov, YM Lvov) had all done research in periodonal disease.And now for the stretch..Last Friday a company went public called BioMemetic Therapeutics(BMTI) and they have 1 FDA approved drug(GEM 21S) and yes you guessed it. Its a drug for the treatment of Periodonal related bone defects. Coinincidence?...maybe.....maybe not.....rseven.