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Analyst price adjustment. FYI.
"B. Riley Securities, Inc. Raises Price Target from $3.00 to $5.00 on UAMY"
I won't be part of it. I bought expecting this thing to go from $1 to maybe $2.50. Since I don't buy on hype, but try to buy on fundamentals, that would be huge for me. Then, I kept adding on the way up, until I had a LOT of shares. At $3.40, I think it has overstepped it's target. Might be wrong, and hope for all longs I am, but sold rest this morning. That's what my M L U was on last post. "More lightening Up" by me. Went further, and sold out the rest. Can buy a small house with the profit from this alone, so VERY happy with it.
Moving on. Wishing longs the best.
Continuing up. Strong open. $3.45.
And to think this was under $1 just a few months ago, when the Chinese announcement came out. Volume is super high again today.
Anyone think someone is accumulating under the table for a potential buy out of us??
M.L.U. for me
Over $3!! And rising.
Another HUGE gain today. Popping new all time highs daily.
But, i admit ... I am lightening up. Hey, shares bought below $1 just a few months ago, when the news broke of China not exporting any more Antimony, are now worth $2.80 per share. Taking money off the table is not a bad idea. And "you never go broke taking a profit". Seems like it still has momentum. But still taking some off the board.
All time high by a LOT. Great day, great close. IN spite of the Dow being down 1,050 today, we hit brand new all time highs.
Markets down another 1,000 points today. Rough rough week just occurred.
And we are powering up to a new all time high!
Nice to see this in the portfolio, to offset some of the others. And then some.
The CEO was asked that same question on the call. If you can find it, it is worth listening to.
He said his goal is to be a one billion dollar company, just like his last ones he managed, and that he felt very comfortable saying it will be reached. Why so? Because he is ramping up huge revenue increases and positive net earnings, so he feels the stock will respond well past that level. We'll have to see what happens, but it's nice to have a CEO who is sure it will happen AND has done it before.
This thing moves fast. I decided to look at some of my buys in the past and it showed me more than I expected. I share so you can SEE how much this baby is moving, and how much it CAN move from here.
My first buy was on 12/2 at $0.7758. Missed the $0.65 I was trying ot buy, and then went in at market to not chase it as it went higher. HA!!! Chased it anyway, and GLAD I did. Same day I bought more shares at $0.8003. Odd fill numbers, but it was trading pretty thin then. NEXT DAY I bought at $0.9997. Yep, that's in one day. SO big mover. Two days later, 12/5, I bought at $1.1889. UP from $0.7758 on 12/2. STEADY upward and pretty nicely to boot. I bought more through December, and my first buy in 2025 was on January 6th. Paid $1.8479. Showing even with the stock up over 100%, I was still a BUYER. This is not just some short term flash in the pan, or a one week wonder. Since then??? Well, my LATEST (not necessarily my last) buy was March 24th, at $2.0093 in one account and $2.01 in another. I'm still a buyer. Oh, plus I wrote the $1.50 puts that expired on March 21 and have more puts short that expire 4/17/25. Extra income, and if for some odd reason it went down to $1.50, I'd GLADLY buy more. I don't think we are going to see that price again.
I say all that to say 1) I'm still bullish. 2) it has been moving for about 3 MONTHS now, so not some fly by night pump and dump by a group that comes on the board, posts a lot, and then sells and it drops again after a week or two weeks, and 3) the story is MORE compelling now than it was in December. Back then, it was a buy because China stopped selling Antimony to the USA. Now? Now they have new contracts in place, they decided to reopen their closed mill in MX, the price has continued up, revenues are already up and about to go haywire, and profitability has been mentioned by management as in the near future. Things that have me still adding, averaging UP, and still saying this is a good buy. IMHO, of course.
And third one. NEW one. Highest target of the three.
DJ United States Antimony Price Target Announced at $3.00/Share by B. Riley Securities UAMY
Second analyst review after earnings, with higher price target.
https://europac.bluematrix.com/sellside/EmailDocViewer?encrypt=b8097e8c-1b9c-4291-87ac-76814f557ec8&mime=pdf&co=europac&id=jsekelsky@allianceg.com&source=mail
Target $2.75.
ANalyst review of UAMY
United States Antimony Corp. (UAMY)
UAMY: Price: $1.79; Market Cap (M): $202
Rating: Buy; Price Target: $2.60
Heiko F. Ihle, CFA
4Q24 and 2024 Financial Results; Surging Antimony Price Drives Revenue Growth; 2025 Guidance; Reit. Buy; PT Up to $2.60
Click here for complete report and disclosures
On March 20, United States Antimony (UAMY) released its 2024 financial results. During the year, the company recorded $14.9M in revenue, which yielded a net loss of $1.7M, or ($0.02) per share. This compares to 2023 revenue of $8.7M, which yielded a net loss of $6.3M, or ($0.06) per share. Revenue mostly reached our estimate of $15.2M for the year. We note that the 72% YoY revenue increase was driven by the significant growth in the price of antimony following China’s recent export ban. In our view, UAMY should maintain an opportunity to record significant revenue amid strong margins in the coming quarters if worldwide antimony supply from geopolitically safe jurisdictions remains below supply. We also emphasize recent margin improvements, as revenue costs decreased about 5% YoY. Finally, we reiterate our view that UAMY remains well-positioned to invest in its operations and generate significant free cash flow given its cash and cash equivalents balance of $18.2M.
4Q24 financial results. During the quarter, UAMY recorded $6.9M in revenue. 4Q24 revenue came in right around our estimate of $7.1M. The firm ultimately incurred a (largely irrelevant) net loss of $1.1M, or ($0.01) per share. In our view, strong performance during the quarter further showcases UAMY's potential over the coming periods, especially with antimony prices surging in December 2024 after China’s export ban. We anticipate this effect to be felt much more in 2025, since this sharp impact to pricing was just before quarter-end. In contrast, we note ongoing increases to UAMY's cost base as management expands the scope of its operations aggressively. Overall, however, we expect UAMY's recognition of significant revenue to meaningfully benefit and significantly outweigh new expenditures of its growing business.
2025 outlook and near-term plans. Management now expects to reach 2025 revenue of $35.0M - $50.0M, which is right around our prior estimate of $40.0M. We stress that our production forecast is likely in-line with actual production though our estimated pricing may ultimately prove to be conservative. The company is restarting operations at its Madero Smelter in Mexico, with new antimony material and raw antimony inventory expected to arrive at site in the near-term. In addition, we highlight that the necessary improvements to furnaces at Madero have been completed and that the site is likely to further improve UAMY’s production and financial performance during 2025.
We reiterate our Buy rating on UAMY and increase our PT to $2.60 from $2.50. The slight increase to our PT was driven by rolling our DCF forward one year, while also accounting for the company's updated balance sheet. Our valuation for the firm remains based on our DCF of antimony and zeolite operations. We maintain our 12.0% and 15.0% discount rates for these businesses, respectively. We value the company’s current operations at $312.4M, in addition to a fixed value of $10.0M that we assign to UAMY's Mexican assets and mining claims in Alaska and Ontario. We then add about $18.2M in cash and cash equivalents before subtracting outstanding debt, ultimately giving the firm a total value of $340.0M, or $2.59 per share. We then round this figure to our final PT of $2.60.
Near-term catalysts. Looking ahead, we plan to monitor UAMY’s continued expansion of production during a geopolitically challenged time. We reiterate that our revenue estimate may ultimately prove to be conservative given current spot pricing amid strong demand. We also highlight that the company’s mining claims in Alaska and Ontario seem to be mostly ignored by the market even as they provide the firm with greater exposure to critical minerals such as cobalt, nickel, copper, and bismuth. Management noted the ongoing turnaround of its firm’s zeolite division, with plant uptime at the site increasing to 98.4% from below 50.0%. The firm has already hired dedicated sales personnel following year-end. In short, we expect to see improvements in revenue and margins for UAMY’s zeolite business going forward, which should ultimately further improve the company’s financial position.
Risks. (1) Commodity price risk; (2) operational and technical risk; (3) liquidity risk; and (4) political risk.
Heiko F. Ihle, CFA
212-356-0510
hihle@hcwresearch.com
Awesome call just now. Looking to go to Russell 2000 in a few months, adding institutional investors now, demand is growing, revenue up to $14MM and expected about $40MM in 2025, and firing on all cylinders. Looking for more positive movement over the next few months. Oh, and with a market cap of about $195MM, he was asked if it can get to $1B. He not only said yes, but it is basically just a stop on the way for him, and he has done it with every other company he has managed. That's 500% or more above today's price. yea - a good call.
" I was wondering what took them so long to do it. "
I think I know that answer too.
I don't remember the exact rate, but the lien was bought at a ridiculously low rate. A s most are nowadays, to my frustration as a bidder. The one i had in FL was accruing interest at 0.25%, so I didn't pay it until the last month before they could foreclose. I Knew the borrower would not pay it, but I didn't want to waste money paying it since it was such a low rate. The rate on the ranch was also very low. I remember looking at it a few years ago, trying to buy it if possible. So the lender decided to not pay it and use that money elsewhere, knowing they would have to pay it eventually, but only paying a small increase in value as the rate was so low.
Okay, I'm back out of this conversation and board. On to my other things. Good luck to you in your picks. Oh, and I agree ... "But lets not discuss the foreclosure as too many still believe in Billy." I gave up on that thought years ago.
I don't care either way on this argument you guys are having. But I do have a bit to add on a correction of something you said.
"I am not sure if you own any real estate but the owner/buyer is responsible to pay them, not the mortgage/lien holder."
I am the lienholder of a mortgage in Florida. And as the lienholder, I just last week paid the taxes on that property. So yes lienholders CAN pay the taxes.
Why did i do it? Because the tax lien holder was getting close to the timing to be able to foreclose on the property. If the tax lien foreclosed, I would have lost my position and they would own the property free and clear. So, as my mortgage states and allows, I paid the taxes, I threw the borrower into default (Which raised my rate significantly. A positive for me) and they now owe me the paid tax money ($30K in this case for 3 years of taxes) in addition to the principal owed. All earning a higher rate of return.
They are now working on a refi, to get their rate back down. Until it happens, and it will be tough with the notice of foreclosure already filed, they will pay the higher rate. If worse comes to worst, and it goes to foreclosure sale at the courthouse steps many months from now, then my opening bid as the lender will be the mortgage due plus the tax bill paid plus accrued interest from now until then. Which is still about $160K less than it is worth, so it will be bought by some third party bidder at the auction and I'll get paid off for the entire mortgage plus the taxes plus the higher rate of return between now and then. I don't think it will go to foreclosure, since there is so much equity, but for now, I've paid the taxes and that amount is owed to me the lender in addition to the mortgage, all at the higher rate.
So yes, a lender CAN and WILL pay the taxes when it is close to the foreclosure date for the tax lien holder. As I thought it was LAST year for Bill, since this is a commercial property and was past the required holding date for the tax lien owner to start foreclosure. FYI. Again - don't care either way, but wanted to let you know it does happen. Rare, but it happens.
I haven't owned this stock in years but I still get news for some reason.
Shocked that they're shutting down Estrella Ranch. Let's see what this does this week, but I hope for you guys it does not halve the price yet again. Seems Bill continues to do new things, then after boasting how well they are doing, he shuts them down.
Has he ever paid the past due taxes on Estrella?
I'm amazed the board is still so quiet, even with such a rise. For me, from $0.7758 as my first buy on 12/2 to $2.10 today on 12/16, a mere two weeks!! My average cost basis is much higher, at $1.02 because I kept buying up to about $1.25, but still up over 100% in two weeks. Merry Christmas. Anyway, glad to be on board, wrote the $2.50 calls for extra income, and holding for now. See if they get called away from me. If not, that is another nice gain from the stock. Amazed we are still so dead over here!
news for tomorrow
We would like to inform our shareholders and investors that the Chairman and CEO of U.S. Antimony Corporation (NYSE: UAMY), Mr. Gary C. Evans, is being featured tomorrow on Fox Business with Maria Bartiromo at 8:30am Eastern Time, Friday, December 13, 2024.
Viewers can tune in live on FOX Business or visit www.foxbusiness.com for details on the segment.
About United States Antimony Corporation
United States Antimony Corporation (NYSE: UAMY) is a leader in the production and refinement of antimony and zeolite, with a focus on supporting critical industries such as defense, technology, and clean energy. As the only antimony smelter in North America, the company plays a pivotal role in ensuring domestic access to this critical mineral, which is essential for national security and modern manufacturing.
For more information, please visit www.usantimony.com.
More news.
On December 10, 2024, MCMANUS MICHAEL A JR, a Director at United States Antimony Corp (UAMY, Financial), purchased 70,000 shares of the company. Following this transaction, the insider now owns a total of 338,333 shares. This purchase is part of a broader trend, as over the past year, the insider has acquired a total of 255,000 shares and has not sold any shares. United States Antimony Corp is engaged in the production and sale of antimony, silver, gold, and zeolite products. The company operates through its subsidiaries and is involved in mining, milling, and smelting operations. The insider transaction history for United States Antimony Corp indicates a positive trend, with 5 insider buys and 0 insider sells over the past year.
Hitting the news this afternoon. A little late, but at least hitting.
<<
Shares of United States Antimony Corp (UAMY) have rallied over the past week in the wake of escalating US-China trade tensions, reaching a 52-week high on Friday, heating up retail chatter.
Earlier this week, China banned the exports of rare minerals, including antimony, gallium, and germanium, to the US, a move that could potentially mean an opportunity for companies like United States Antimony.
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Antimony is a scarce commodity, and United States Antimony sees ongoing supply issues and trade restrictions and resulting worldwide antimony metal prices as an opportunity for the company. It said in a recent release that market prices of the precious metal increased from $5.31 per pound on December 31, 2023 to about $17 per pound as of November 8. Rare minerals are also widely used in the industrial sector
United States Antimony recently reported its third-quarter results, which saw its revenues rise 17% to $2.421 million and its gross profit increase 65% to $426,000.
Loss from continuing operations was $683,000 for the quarter, up from $185,000 in the same period last year. The rise was “directly related” to the company's expanded scope of operations.
Retail sentiment around the stock has turned bullish. Many Stocktwits users were optimistic about the company's prospects, given the application of the rare minerals.
China’s decision to ban exports appeared to be in reaction to the U.S. curbing exports to 140 companies earlier this week.
United States Antimony is up 602% year-to-date.
>>
Hey TB. Long time no talk to.
Bobby is Bobby Pritchard of Global Marine. Got screwed by the Dominican Republic on a find he was working. Moved to Florida. Found another ship, off Cape Canaveral and the state screwed him over by talking to France about it and taking it from him. Been a long haul trying to get to keep anything he finds. We did get a lot of stuff off "the pewter wreck" in the D R before they stopped him. I have both raw (ugly) and cleaned (nice) pewter from that wreck when the investors were given a small distribution. Plus i have some 500 year old beads from that wreck. He had a good plan but the governments screwed him over. He is an example of finding a ship and having it taken away from him with no compensation, so some use him to say if Kyle found anything at Juno or if he found a 1715 ship at Melbourne it would be taken from him. Notice I do not say I agree or disagree with that. Just saying that is why people use Bobby as an example. Hope that helps. Good hearing from you. Remember you from my first ventures in sfrx, when I was funding Kyle as one of those "terrible people buying private shares at discounts" that get slammed so often. Lol. Hoping he hits it huge and the stock screams.
"Your post certainly wasn’t clear it was what his appeal was based on"
Yet my post began with the literal words "Bobby's biggest (And best) argument is ..."
You don't think that is telling you what BOBBY is appealing? You said "You could have begun by saying this is what he filed" yet the question was what did BOBBY put in his appeal, and the answer was what BOBBY'S arguments are. WHy say that it is what he filed, when the question was asked about what he filed and the answer was that this is what he said. Sorry I didn't use the word "filed" for you, and you could not make that connection. I truly thought you would understand that saying it was Bobby's arguments that you would think it was ... BOBBY'S arguments!
OKay, I missed that point, so had to add this. Oh, and I liked that movie.
"and longs such as yourself "
I'll be clearer then.
I am not a long of this stock. See? Proof that you say things as if you know facts about someone that you do not know! I bought in the day after they got the permit. Knowing it would create excitement, and either lead to a great find and a great gain or a good balloon ride (To use terminology used here) and EITHER way should be a nice gain. Actually went higher than I expected for not finding anything (yet?). But that's when I got in. Well, actually ... remember how the day of the announcement it didn't really rise? The next day it rose a little and the day after that it was like the news finally kicked in and THAT is when it rose? Yes, much of that was me, and I am willing to say that now, in the rear view mirror long enough to disclose it. I don't normally like to say I bought or sold, but that is now long ago so I'll admit it. (and say no more on my trading after this post) Anyway, I bought a LOT for about a week, and watched it move up. As the time for digging passed more and more, and the stock jumped and then plateaued, I started to worry about Kyle not digging, and I sold out. My average out was at $.0251, so not at the 3 cents I wish I sold at, but believe me when I say selling at $.0251 was a large gain. On a lot of shares. I haven't been in it since then. Yep, that's my disclosure for today. Out at $.0251, and waiting for another impetus before I buy in again. In some ways, like you say you are. So again, you are saying things about people (me) that you know not of, which shows that you don't care about truth as much as just saying things about people (Most of it pretty negative too, for what i's worth) That's the biggest issue I have with you. You say things like they are fact, when you have no idea if they are fact or not. You do the same with some of what Kyle is doing. You say what he is doing, and sometimes you are way off, but you think you know, even when you do not. Your assumptions and negative spin on every little thing that they do is why some have you on ignore. I actually tried to answer your question. I do not have you on ignore (that is reserved only for shajandr). Granted, I don't read this board every day, so sometimes I'm a week or more behind, but I talk to Kyle at times. I talk to Bobby sometimes. I've been with Bobby since the company was known as ARS. I even have some of the treasure from the DR from their first and only split, before they became GME. I've funded others too, and won't name them here. I don't post what they tell me, (and I also take what they tell me with a large grain of salt.) But know from someone who has more knowledge of the companies than you do (maybe not on the topic overall, where you have a GOOD knowledge of salvage and salvage law, but definitely about what the companies are doing, why, and what they are not doing) that truly you say things as fact that are wrong. I won't contradict the things you say here, as I won't divulge anything that I have heard or responses to the questions I asked after you brought them up, for Kyle OR for Bobby, but know that you say things that are just wrong. I only responded the first time to give you an honest answer of what I thought was an honest question. Information that is public and I thought was nice to share with you. I wish you just accepted it as such. No "refuting your argument", as it is just giving you the points on a brief, not my opinion. I didn't confirm if they were valid or not. Just answered your question.
Quote the raven ...
Dude, I think you are so used to being confrontational here that you can't just have a conversation. As to you refuting my arguments, they are NOT my arguments. Your original post said you didn't know what Bobby had in his apoeal and asked If anyone knew. I answered, to give you the information you asked for. You can't disagree with my post and tell me why, because my post was just Informing yiu what Bobby is trying to say. I didn't say I agreed with it, didnt say I disagreed with it, jyst gave you the answer of what HIS arguments are in his appeal. SO chill! Ortalk to Bobby. But telling me why a ship is not abandoned and why my argument is wrong is not appropriate. Again - not my argument. Just the answer to YOUR question of what Bobby is saying in his appeal. And you end by asking again if anyone knows what is in the appeal. SMH. I'll not give yiu information again, since all you want to do is argue. Those ARE the points of his appeal. Answered. The biggest being that no one can prove it is the Trinite and FL should not have joined with France in stealing this unknown ship from him. No more nice helpful answers for you, though.
Bobby's biggest (And best) argument is that there is no proof it is the Trinite. Second is that there is no proof it is even French. Third is that it was not a war vessel. Fourth and last is that it was abandoned. IN that order.
FYI.
Harvest wasn't done until right near the end of second quarter. I would think the revenue from that will show on Q3.
Three things from your post.
First, the first word. "Newbie" that is proof that you don't mind saying things of which you know nothing. You state them like they are facts when you don't know reality. I was a vice president at Merrill Lynch when Pierce Fenner & Smith still had their names on the door. I moved over to assist the branch manager of an office when Prude3ntisl still had Bache in the name. Not a "newbie". In LVVV? Been here since before Bill had the cargo units in Coachella. See/ Not a newbie. But you state it, like it is truth. You speak when you are ignorant of the facts. That's dangerous way to do business. But let's move on.
Second. you say "I’ve held millions upon millions of shares for many years while watching the PPS fizzle down to nothing" Well, that just says you are not very good at managing your money. if I wasn't retired, I might recommend a money management account for you. Or a mutual fund. It's obvious you don't play smart with your investments, so letting someone else do it might be a better way for you. I'm not in the game anymore, but I might be able to recommend a few people if you are interested. Let me know. .
Oh, still on that point. I've been in LVVV three times. Made money twice and lost money once. Overall, have done real well since one of the winning times was a very large profit. So you see, there ARE ways to make money even on this stock, but if you hold until it goes to almost nothing, that philosophy doesn't go well, so again maybe a professional money manager would work better for you. Just let me know ...
Third and last. "As a shareholder I have the right to speak and express my opinions." Of course you do. But what I originally said still makes logical sense. To tell the world that a company YOU OWN is a scam, and that management is ripping off the investors, and then hope that it goes UP in price? You're really working against yourself in that scenario. Do as you wish; I'm not telling you that you can't post. But this too points to a discombobulated approach to your investing that says you are a prime candidate for an S&P 500 mutual fund. Tough to recover when you watch your stock go down maybe ... what? 90%? 95%? And tell anyone else who might be looking to buy that it is a scam and for them to NOT buy. Yes, tough to recover.
Okay, that's my thoughts. Notice that NOTHING I said in my first post was in error. Just stating your approach was something that you might want to think about. Of course, you did NOT, but instead threw up a wall and tried to come back with something witty. Your reply? First WORD was an ignorant statement that proved you don't value knowing things before you open your mouth. I chalk it up to you probably having moderate experience and thinking it is better than it is, and you having a gamblers attitude in stocks. I wish you well, whether you decide to get a manager of continue on your own. Done. I like lurking better most of the time.
Sometimes posters are funny. For instance.
“I truly feel this is on the precipice of a Ponzi type self-enrichment scam whereas only Bill and Mike C make money and us shareholders get the big middle finger. Disgusting!”
Okay, so the company sucks. It is a scam. Right? And also
“Total and utter Shit Show for Share Holders!!! Only ones who seem to be making out financially is Bill and Mike!!!!”
And then … here comes the funny part …
“I’d like it a ton more if the PPS would at least hit $.10 a share “
See? Lolol. Tell the world (well, a small one, on this board) that the company sucks, that it is a scam, and that the shareholders are getting screwed. Then, wish for the price to be higher. HA. Can you for one minute think that posting that it is a scam will not be very helpful when others look at the board thinking of buying? That you might even influence a person or two (again. Not many on this board) to NOT buy? And then, you want it higher.
Is that called pissing where you eat??
This news actually means something positive. Not the normal NON-event news they put out. I tried to get Chase commercial banking for Tempe when I was Involved with the company 5 years ago, but they would not accept us. It truly means less expenses, better rates on loans, and better rates and limits with vendors. This is positive news.
I agree.
Finally some good news.
Oh, and harvest is done for June. FYI to the one who asked.
Funny dude.
I have no shares because I don't think the company is strong right now. I'm still on the forum because I'm waiting, and when the timing is right, I SHALL buy again. Are you saying if someone plays a stock they can only post when they are long? When they are out and watching for an opportunity, they can't post??
Yep, funny.
How do people do their DD if they can't watch stocks before or between when they own those stocks?
Probably true. WHich is why I own no shares and have not for a long while. Sad. ANgering. Arrogant.
File for BK?? Where do you GET such illogical thoughts? They are.making a net POSITIVE earnings per quarter. Hard to declare bk with positive earnings.
I'm not bullish on the stock, but BK?? SMH
This (below) should be GOOD news for the stock price. Exposure is always good for a company, and one that has this story this could take off. I'll even put a "bullish" sign up for now.
Don't know where we might trade tomorrow, after the 1 for 2 split, but today, under the symbol RGXTD, we traded near 4 cents a share. On 39 total shares. LOL. Don't think that is where we shall be, but nice to see and wish for. I truly think we can and will see that price for real in 2025. Just probably not yet.
<<
The Company is pleased to announce it has engaged the US-based corporate communications firm, RB Milestone Group LLC ("RBMG"), to provide investor relations services including corporate communications advisory, non-deal roadshow advisory, market intelligence advisory, and business referrals to the management team of the Company. RBMG has been retained for an initial term of 12-months starting June 10, 2024 and will be paid US$25,375 in cash per quarter. RBMG is at arm's length to the Company. The agreement is subject to regulatory approval.>>
I'll paste it here. It came from "market awareness"
Livewire CEO Outlines 2024 Growth Plan
A Strategic Comeback Plan for a “Phoenix” Cannabis Stock
We are on the Offensive – Always
LiveWire Ergogenics Inc. (OTC: LVVV),?a company focused on acquiring, leasing, licensing, and managing special-purpose real estate properties conducive to producing high-quality, handcrafted, and sun-grown specialty cannabis products for medical and recreational adult-use in California today announces update and growth plan for 2024.
The cannabis industry has experienced its fair share of ups and downs over the last few years. Overhyped expectations of growth and revenues, unusually large investment or debt burdens, inexperience resulting in mismanagement, and extreme market volatility have made it difficult for many public cannabis companies to develop a solid financial performance, a predictable share price, and generate a satisfactory ROI for their investors. Accordingly, many small and large publicly traded cannabis companies alike have lost an average of 70% in stock value over the last two years. LiveWire has prepared a strategic comeback plan for a “Phoenix” cannabis stock.
Bill Hodson, CEO of Livewire, states, “LiveWire also went through an often-painful growth process over the last few years, no doubt accelerated by the significant loss in share value by many of the industry’s major operators; we found ourselves possibly guilty by association. We understand that the current trading climate does not encourage investors to invest in any company in the industry, maybe with a few rare exceptions. However, as the history of many newly developing industry sectors has shown, “I chaos lies opportunity.”
“In contrast to many of these companies, we have always focused on our vision to develop and execute a well-crafted and unique business model anchored in cost-conscious operation and driven by our passion for the plant and management’s experience in a complex and turbulent industry. We believe we have positioned LiveWire for long-term success and profitability.”
“Many experts agree that despite the pressure cooker of the last few years, significant losses, and still-existing obstacles, the future of the US cannabis market appears bright, with increasing innovation and significant growth expected. However, for businesses to succeed, successfully navigating the still-complex legal and regulatory landscape, running a cost-conscious operation, and quickly adapting to dynamic market changes are crucial. We recognized these requirements early on and built and optimized a unique, high-quality specialty products cultivation facility in Paso Robles, California. We consistently adapted our business model to the prevailing market conditions and created ample room for improvements and expansion.”
Hodson continues, “Together with Estrella River Farms (ERF), our steadfast focus remains on operating with the lowest possible operating expenses, carbon footprint, and debt level, allowing us to continue to produce without sacrificing quality and integrate flawlessly into the environment with the surrounding vineyards. We diligently manage operational costs and expand and adapt our business model with cost-effective and unique product development. By accelerating sales through licensing, marketing, and management, we can effectively navigate the ongoing product price volatility in the California market. After overcoming significant hurdles during the last year, somewhat hampered by a low share price, our expanded group of subsidiaries, affiliates, consultants, and distributors are now well-positioned to move forward with the confidence to withstand still-existing market fluctuations and increase revenue and profitability.”
“The vision of developing a unique business model, the world’s first “Estate Grown Weedery,” is more than ever at the core of our mission. We are expediting our streamlining efforts and continuing to center all operations at the Ranch for optimal performance. We are now narrowly focused on expediting the growth of those Livewire entities that operate most economically and have shown the most promise over the past year. We will focus on our vision of applying our resources to core strategies that strengthen our competitive position in the market.”
“The entire management team at Estrella River Farms (“ERF”) is passionately devoted to cultivating the best possible sun-grown California cannabis to become the California market leader. The Estrella team is currently generating a mix of wholesale and unique “Estrella-branded innovative retail products for the 2024 market. This will improve revenue and net profit, with the expectation that our performance will also be reflected fairly in our share price,” Concludes Hodson.”
Accomplishments in 2023/2024
Produced eight consecutive profitable quarters during 2023.
Generated a net profit for the fiscal year 2023
Is well-positioned to increase our revenue for 2024 substantially
Comprehensively assessed the company's current financial position, including assets, liabilities, and cash flow.
Identified operational weaknesses and strengths, including existing infrastructure, production and distribution capabilities, and the value of the intellectual property.
Assessed market trends, consumer demand, and competition to identify new market opportunities, desirable product mix, growth opportunities, and potential areas of improvement.
ERF has improved sourcing of high-quality and best-selling strains
ERF has hired additional experienced cultivation experts, expanding the cultivation team
The first delivery of high-quality plants for the 2024 harvest is planted
The Company has concluded the development and build-out phase of Estrella Ranch in Paso Robles and will now focus on further streamlining operations and distribution for maximum results.
Plans for 2024
ERF will deliver the first harvest in June
ERF will prepare the second cultivation run for harvesting in November
ERF will deliver “Estrella Weedery” branded specialty products into the retail market
Optimize cost structures by streamlining operations and further reducing expenses
Increase investment in research and development to innovate and stay ahead of the competition.
Continue to reduce debt and improve liquidity.
Explore options for raising additional capital, such as strategic partnerships or equity financing, while limiting dilution to a minimum.
Focus on high-margin products or services.
Joined the Airbnb community to develop the Ranch into the top destination for California’s fast-growing cannabis tourism.
Consider a share consolidation program to access a new investment universe.
Continue to improve our fiscal management practices to enhance transparency and accountability.
Foster frequent and transparent communication with shareholders, investors, and the public.
Regularly communicate milestones, achievements, and growth plans.
In closing, Mr. Hodson states, “The past five years' experience has strongly shaped us, as it has the entire industry. In our start-up years, we relied on standard startup business practices, such as engaging expert building contractors, growers, and distribution partners to manage and market our products. We operated in a new industry that presented us with unexpected obstacles and expenses, including unreasonable and ever-changing rules and regulations and, as the major obstacle, being subject to very repressive accounting and tax treatment. Based on this experience, in 2023, we began an in-depth assessment process for our entire operation, from “seed to sale.” As a result, we have expanded our team and revised operational structures to maximize the results from the cultivation at our exceptional Estrella Ranch facility.”
“With the beginning of the planting for Estrella’s new 2024 harvest, Estrella River Farms has now reached full autonomy and control over its destiny. Every aspect of the operation is under our complete supervision and control, from planting to harvesting and selling. By reducing the dependency on affiliated companies and distribution partners, we now have total control over the entire process and, most importantly, will be able to improve our financial performance. To accelerate revenue generation and profitability, we have begun crafting a unique “Estrella” branded products strategy for ERF as retail sales in addition to bulk wholesale flower sales. This allows the farm to command higher profit margins than bulk sales.”
“By strictly following this comprehensive comeback plan, driven by our low-cost operation model, we expect our "Phoenix" cannabis stock to rise from its current level and emerge as a successful and resilient player in the cannabis industry. With an elevated level of flexibility and focus on innovation, strategic initiatives, differentiated offerings, and a continuing commitment to excellence, we can unlock our true potential and deliver significant value to our shareholders. We expect this to be reflected in an increasing share price. For people unfamiliar with our company, now is an excellent time to get involved.”
Bill Hodson
CEO, Livewire Ergogenics
The LiveWire Estrella Weedery
Estrella Ranch is a historic ranch property in Paso Robles, the center of California wine country. Together with its subsidiary Estrella Ranch Partners, Livewire has transformed this stunning property into the world's first "Estate Grown Weedery ™," with three acres for cultivating high-end, organic, sun-grown cannabis products and ample room for expansion. Estrella Ranch is the central hub for all Livewire operations in California. The Estrella “Estate Grown Weedery” cultivation process focuses on the cost-effective production of the best quality sun-grown cannabis in California while generating the smallest possible carbon footprint using as few of California's energy resources as possible. Visit https://estrellariverfarms.com,
About LiveWire Ergogenics Inc.
Livewire focuses on acquiring, managing, and licensing well-qualified cannabis real estate locations of fully compliant facilities to produce exceptional cannabis-based products for statewide distribution in California. This includes developing and licensing organic-style grown cannabinoid-based specialty products and services to create the high-quality "Estrella Weedery™" brand. These products are cultivated by Livewire’s subsidiary/affiliate companies, Estrella Ranch Partners, and Estrella River Farms, and distributed by major California cannabis distributors and retailers. LiveWire Ergogenics does not produce, sell, or distribute products that violate the United States Controlled Substances Act.
For more information about LiveWire Ergogenics, visit www.livewireergogenics.com or at X at @livewireLVVV. Follow LiveWire Ergogenics on Twitter @livewireLVVV or go to
www.stockwatchindex.com/livewire-ergogenics for non-material updates.
Forward-Looking Statements.?
This release contains forward-looking statements within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements, predictions, and projections are inherently uncertain as they are based on current expectations and assumptions concerning the successful execution of planned events or the Company's general future performance. Readers are cautioned not to rely on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should carefully review various risks and uncertainties identified in this release, the Company's Social Media postings, and matters set in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.
LIVEWIRE ERGOGENICS, INC
1600 North Kraemer Blvd.
Anaheim, CA 92806
714-740-5144
www.livewireergogenics.com
info@livewireergogenics.com
MARKET AWARENESS
Stockwatchindex, LLC
442-287-8059
www.stockwatchindex.com
info@stockwatchindex.com
LIVEWIRE INVESTOR RELATIONS
Tristan Cavato
(805) 835-2415
ir@livewireergogenics.com
info@livewireergogenics.com
Things from this mornings email from LVVV
FIrst, they had positive earnings all 8 quarters last year. I mentioned that one already, as a joke, but still, it IS impressive that they are making positive returns every quarter for two years now.
Next, although they are making money every quarter, they are still looking to do another round of equity financing. "Explore options for raising additional capital, such as strategic partnerships or equity financing" that concerns me some, as they are making earnings so why the need for more financing?
Revenues should be good in 2024. two harvests plus the 2023 harvest was late in the year and some of that revenue did not come in for 2023, so call it "2.5 harvests" in 2024. SHould be good for revenue growth. "ERF will deliver the first harvest in June
ERF will prepare the second cultivation run for harvesting in November"
They are looking at a reverse split. "Consider a share consolidation program to access a new investment universe." the new and fancy term is share consolidation, but it is a reverse. I never like those, regardless of the reason. It would lower the outstanding though. I bet he would do a larger one, to reduce outstanding by a lot. LIke maybe 1 for 5, instead of 1 for 2.
"Foster frequent and transparent communication with shareholders, investors, and the public" Ehhh. ALways said, never done by most companies.
I did NOT see that they were going to pay their real estate taxes that are now a few YEARS delinquent. It would be nice to see that before someone takes the property away in a tax sale.
Still standing on the dock, watching but not a buyer. Not until the profits start showing up on the books, instead of being given to ERF as a debt owed to LVVV. I know Bill says he is doing that because of the MJ laws, but hey, you don't pay your taxes, you don't keep any profits, and you show revenue but never collect it (from ERF) so is it really revenue? Yep, still on sidelines. But watching, and hoping someday this really has good news and I'll buy back in.
My take on today's PR.
Who says Bill can't work magic? Look at this.!! EIGHT positive quarters in ONE year. LOLOL. From the latest PR that came to my email just this morning ...
"Produced eight consecutive profitable quarters during 2023."
OKay, it was a good PR. Just funny to see that though. My warped sense of humor.
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Insights from Recent Presentation & Funding Update
A lot of inquiries have been received since our recent video presentation on various topics. I feel communication and clarity would best be accomplished by responding to all shareholders regarding these questions.
I understand the frustration felt by shareholders over the current market conditions which has brought about mixed messaging in the marketplace. This has been exasperated by our recently announced funding requirement brought about by our present operating cash deficiency in allowing us to strive for a positive cash flow position in our operations. I need to reiterate that by reaching 2500 lbs of thru put in one 8-hour shift we will be achieving our initial objective of 5000 lbs for Module 1 with the addition of a second 8-hour shift. This will be a duplication of what we have already done in the current 8-hour shift as no further scale up of our process is required beyond the logistics of material handling, etc. To accomplish this, we need operating capital for additional personnel, feedstock and chemicals to give us the staying power to manage the 90-120 day payment schedule from refiners for our product.
When I mentioned that the Company is not considering a consolidation of shares at this time it was in reference to a roll back of shares. Many companies wish to reduce the number of outstanding shares this way. For example, if a company had 100 million outstanding shares and the share price was $0.10 a 5 to 1 share roll back would reduce the outstanding shares to 20 million. If a shareholder owned 1 million shares pre roll back the net value of the position would be $100,000. The rationale behind the roll back is the share price should now remain at $0.50 thus leaving a shareholders equity position the same at $100,000 (200,000 shares @ $0.50). This usually does not happen as the share price usually drifts down unless there is a strategic business rationale for doing so.
In our recently announced Rights Offering the 2 for 1 consolidation results in the same number of outstanding shares as before the Rights Offering. If the offering is fully subscribed the outstanding shares will temporarily double because of the CDN $0.0075 right exercise to 790 million shares but return to approximately 395 million shares with the 2 for 1 consolidation after the close of the Offering.
The basic premise behind a Rights Offering is that existing shareholders participate in the funding with no additional share dilution to the Company. Unfortunately shareholders not fully participating in the Rights Offering will be diluted 50% of their unexercised shares. Shareholders that do participate in the Rights Offering have the option if they choose to request additional rights at CDN ¾ of one cent ($0.0075) from the remaining pool of unexercised rights that will be available from the shareholders that have not participated.
I mentioned that our operating capital shortfall could only be resolved in three ways. Our first option is an equity raise (such as a private placement but this cannot be done at a price below $0.05 due to regulatory restrictions). The second option is a predatory loan debt instrument that would not be in the best interests of shareholders. The final option is a Rights Offering. All funding avenues were considered and evaluated, and a Rights Offering is the only viable option to us at this time. A price of ¾ of one cent was determined to be sufficient to give the Company the operating capital required (approximately $3M) to scale up to 5000 lbs per day and allow us the window to overcome the 90-120 day receivable timeline.
As already mentioned, currently we are hampered in our ability to operate at increased capacities by our lack of an adequate working capital facility. This working capital deficiency doesn’t allow us to purchase the quantity of feedstock required to operate Module One at the capacity it is capable of. The proceeds of the Rights Offering provides this working capital for us to meet our production objectives.
We have been asked about our relationships with refiners. As with any potential commercial business transaction, especially with new technologies and its related implications, due diligence is undertaken by both parties. As such, we have NDA’s in place with more than one large refiner and are presently working closely with them as well as with other commercial interests. Nothing further can be communicated at this time until disclosures are agreed to by both parties and in a format acceptable to each, especially in the revelation of competitive issues to the industry.
There has been several inquires as to the use of proceeds from our funding initiatives. Since the 2022 Rights Offering, we have also raised $4.8M in additional funding through convertible debentures. $1.9M of the 2022 Rights offering was used for required debt repayments that saved the company interest expenses
Our spending for the development of the catalytic converter business has used almost $3.7M of these funds on the pilot plant and Module 1. As discussed previously, Module 1 has incurred 4 major issues and the direct costs associated with these issues are as follows. The heating system upgrade cost $400K, the bulk loader with modifications cost $120K, the reactor manufacturing failure cost $75K and the pump limitations cost us $40K. These direct costs were unanticipated and do not include the indirect costs associated with down time and the delays in fixing these issues due to the sourcing and scheduling of the necessary independent tradespeople needed to repair/fabricate the various mechanical, electrical, and plumbing items. We would obviously have preferred to not have incurred these issues, but this is not unusual in the process of building a system that is the first of its kind. There are simply no prior design parameters to fall back on or professional engineering consultants to rely on when approaching a project such as ours.
SG&A costs, including the Vancouver research facility, are approximately $2.6M since the 2022 Rights Offering. In addition, we have also contributed almost $1M to fund Iron Bull and the Cehegin Iron Ore Project during this time.
I stress that this new Rights Offering is the final hurdle that Regenx requires to meet the operational needs to reach 5000lbs/day of throughput, and to overcome the refineries unfavourable payment terms, allowing us the time to move into a positive cash position. In addition, its important to note that as we begin to show a history of revenue generation typical operating lines with traditional funding institutions will become available to us for growth and expansion needs.
I have had many calls where shareholders have expressed their frustration with the timeline roll out and unexpected expenses that have occurred during our plant mobilization but have enthusiastically expressed their support for the company and what has been accomplished to date. I want to express my appreciation to all our shareholders for the unwavering support shown throughout this whole process. We are very close to realizing the merits of our technology journey and look forward to the recognition and value that will be forthcoming as a result.
Greg Pendura
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"So in my opinion was the huge market order done on purpose?? "
No. IMHO. Why not? Because the seller sold some shares high, then dropped it fast. Sold a LOT of shares at $.013X and .012X. Immediately after that ended, it popped back up. Fast. That seller could not sell and then buy back. In fact, I tried putting in an order at $.015 when it turned and was at $.0135 and rising. Didn't get them. Moved it to $.017 and still didn't get as much as I tried. It just moved past me that fast. Finally put in at $.018 and got what I wanted. But it was me and a bunch of other people buying fast and furious, and the seller would not have been able to get back in NEAR the price he sold at. He couldn't do well with limit buy orders in either, as he would just be on the selling AND the buying side, to no avail. It did not continue down after his order stopped filling (less than 90 seconds). He didn't scare others to drop it under a penny, as the buyers came in too fast. Normally when a market order happens, it does that. It is a sharp V shape, and the seller can't buy back in even if they want to. They were not cleaning out the other sellers and buying, as their sell order dumped it all the way all at once. Then, it was a rush to buy and I think those who put in at market got lower prices than those of us who tried to put in at limits, as it blew past us too fast.
SO no, the sell order at market was a mistake - not done on purpose. Again, IMVHO.
AN update is out from the company. (I haven't looked at it yet)
"What's unusual is no cannons have been found......"
Inaccurate. FYI.
NOt found by SFRX, but yes found. Won't say more.