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Re: southacresdave post# 638

Monday, 01/03/2011 9:20:50 AM

Monday, January 03, 2011 9:20:50 AM

Post# of 758
just got back from a 10-day vacation last night with very limited Internet connections, sorry for the late reply.

Really thrilled at the big move in both price and volume on Dec 30 ($1 and 3m+ shares move wow!!).

Today seems to be another strong day, already 30K volume and 4% up in PM as I am typing.

not sure if this is sustainable. But if Company guides soon for a strong 2011, I can see the SP breakout ST to above $5 as LT investors all know this stock can easily do 0.5B rev and $2 eps in just a year or two.

For 2011 my "dream" is: 200M rev and eps of 0.8, or a double from current level. They have guided for 12M recycling rev in Q4, so a runrate rev of 48M for the year. With all the startup and power supply problems now behind us, I am shooting for 100M recycling plus a 100M trading rev for 2011. The 100M recycling rev actually represents only 100/470= 21% of their annual capacity at current $470/ton prices, a very modest target indeed. I have become very wary of this company's predictions as they really need to learn the #1 rule of IR = UPOD (Under Promise Over Deliver). Everything they have promised so far stinks. Hopefully that will change with the new IR. But they really need a new top-tier auditor too.

HAPPY 2011 TO ALL !

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