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SMED...9:05AM Sharps Compliance prices its 3.22 mln share common stock offering at $9.75/share (SMED) 10.45 :
RODM...Authentidate Holding Corp. Announces Capital Raise
Press Release
Source: Authentidate Holding Corp.
On 9:25 am EST, Tuesday December 8, 2009
Buzz up! 0 Print
Companies:Authentidate Holding Corp.Rodman Renshaw Capital Group, Inc.
BERKELEY HEIGHTS, N.J., Dec. 8 /PRNewswire-FirstCall/ -- Authentidate Holding Corp. (Nasdaq: ADAT), a worldwide provider of secure Health Information Exchange and workflow management services, has entered into definitive agreements with institutional investors for a direct placement of $3,400,000 of common stock at a price of $1.00 per share. In connection with the issuance of common stock, Authentidate will also issue to the investors warrants to purchase an additional 3,400,000 shares of common stock in the aggregate with an exercise price of $1.00 per share. The warrants will expire 90 days following the closing date of the transaction and are immediately exercisable.
Proceeds from the offering will be used for working capital and general corporate purposes, including supporting the rollout of its ExpressMD telehealth products and services.
Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (Nasdaq: RODM), acted as exclusive placement agent for the transaction.
The offering is being made pursuant to a prospectus supplement included as part of a shelf registration statement filed with the Securities and Exchange Commission that was declared effective on September 30, 2009.
About Authentidate Holding Corp.
Authentidate Holding Corp. is a worldwide provider of secure Health Information Exchange and workflow management services. The company's software and web-based services enable healthcare organizations and other enterprises to increase revenues, improve productivity and reduce costs by eliminating paper and manual work steps from clinical, administrative and other processes and enhancing compliance with regulatory requirements. The web-based services are delivered as Software as a Service (SaaS) to customers. These solutions incorporate rules-based electronic forms, intelligent routing, transaction management, electronic signatures, identity credentialing, content authentication and automated audit trails. Both web and fax based communications are integrated into automated and trusted workflow solutions. The company has offices in the United States and Germany. In the United States, Authentidate offers its patent pending content authentication technology in the form of the United States Postal Service® Electronic Postmark® (USPS EPM®).
For more information, visit the company's website at www.authentidate.com.
http://finance.yahoo.com/q?s=rodm
http://finance.yahoo.com/q/is?s=RODM
smed going places
Holy Crap......awesome......et z
XODG...
JBI, Inc. CEO Reduces Outstanding Common Shares by 12 Million
NIAGARA FALLS, Ontario, Dec. 8, 2009 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII - News) announces that John Bordynuik, CEO / President, has returned twelve million of his common shares to the Company's treasury and was issued one million non-convertible preferred shares, with 100 to 1 voting rights and no dividend income. The net effect of this transaction is that there will now be 46,725,106 total outstanding common shares and 1,000,000 series A super voting preferred stock outstanding. The Company's shares are available to use for accretive acquisitions and debt pay-off.
John Bordynuik commented, "Since June 2009, I have returned 22 million of my common shares to the Company's treasury. I have no interest in selling my personal shares or impeding corporate share growth through unnecessary or potentially damaging dilution. My goal is to build a dynamic global growth company and, in so doing, to maximize share valuation for all loyal shareholders. This is best accomplished by growing our core businesses, making prudent acquisitions, and increasing net earnings per share."
http://finance.yahoo.com/news/JBI-Inc-CEO-Reduces-pz-3655203701.html?x=0&.v=1
Hi hogfan. I'm glad to see you are back. It looks like you like some of the same stocks that I do.
TIKRF....CTGI
After todays delayed 3rd qtr numbers my number #1 amigo ckgt should start to show renewed market vigor.
Before 4th qtr numbers when two new products cactus cigarettes & hogfeed are being introduced both higher margined products.
And with the highest margined products of all personnel care scheduled to be launched in 2010.
3rd qtr numbers have already started to accelerate.
WKBT.OB came in with excellant 3rd qtr results...some high-lites,,,
A note payable was extended out to a due date of June 2010 from Dec. 2009 for final payment on a acquisition already done.
Current cash on hand grew enough that it exceeds the note payable total. Important in that if final payment not done on time the acquisition could revert back to previous owners.
They canceled a potential dilutive filing to sell warrants.
I speculate that this was money to be used to pay off the note payable discussed above,,,showing they are confident that growth will continue.
One negative still remains; Wang Weili,,,listed as a director according to Yahoo had 24,725,200 shares as of her last filing in 2007,,,wkbt only had 25,479,800 shares as of Nov.18,2009 leaving it with a float of only 754,600 shares & 97% of shares outstanding in her hands.
One other note current accounts while still negative because of the note payable has improved to .99 to 1.0
Revenue & earnings growth has been running at better than a 100% clip and margins that have dropped some in order to introduce into new regions are expected to start growing again as they introduce higher margined products into these new regions.
CPQQ.OB
Has started a new 5000ton capacity scheduled for completion in the 1st half of 2010.
Their current capacity of 1000ton is at full & outsourcing to meet customers needs is being done.
Cameron Fous[the technicaltrader] Has taken a position & recommended cpqq to his black service clients.
His positions were taken @$2.25 & $2.75 according to his post on yahoo mb for cpqq.
Friday last & again today cpqq made huge gains,,, Hitting a high of $2.98 before backing off & then managed to close at $2.90.
I have sold my trading shares with over a 100% gain while still holding my core position with a cost basis of $1.04 so I am in good shape in this one going forward with only a determination of when to rebuy my trading shares which were probably sold to early if I wanted to have a greedy viewpoint.
20% dilution should be expected to complete funding needed to finish the plant. That's when I think I will get a chance to lock and load.
My eps estimates are much to rosie presently meaning they will probably end up being just that.
My 2009 eps est.=$0.24 followed by $0.60-$0.72 in 2010 with 2011 coming in as high as $1.44.
Those estimates depend on not over 20% dilution and the plant being completed on time with no unknown costs arising.
LWAY...Lifeway Foods Reports Record 3rd Quarter 2009 Revenues and Earnings Results
PR Newswire - Nov 16 at 16:15 NONE
Company Symbols: NASDAQ-NMS:LWAY
- Q3 Revenues Up 37%
- Q3 Gross Profit Increases 77%; Q3 2009 Gross Margins up to 41% from 31% in Q3 2008
- Q3 2009 Operating Income Increases 121% from same period in 2008
- Q3 2009 Pre-tax Income Increases 168% from same period in 2008
MORTON GROVE, Ill., Nov. 16 /PRNewswire-FirstCall/ -- Lifeway Foods, Inc., (Nasdaq: LWAY), makers of the nutritious, probiotic dairy beverage called kefir, announced today for the third quarter ended September 30, 2009, total consolidated group sales increased by $4,193,594, (approximately 37%) to $15,433,876 during the three month period ended September 30, 2009 from $11,240,282 during the same three month period in 2008. This increase is primarily attributable to increased sales and awareness of Lifeway's flagship line, Kefir, as well as ProBugs® Organic Kefir for kids. Additionally, Lifeway recorded revenues from its February 6, 2009 acquisition of Fresh Made Dairy. Included in the total group sales was approximately $2,190,000 of revenue related to this acquisition and recorded during the third quarter of 2009.
Cost of goods sold as a percentage of sales, excluding depreciation was approximately 58% during the third quarter 2009, compared to about 67% during the same period in 2008. The decrease was primarily attributable to the decreased cost of conventional milk, our largest raw material, and the cost of transportation and other petroleum based production supplies. Gross profit increased approximately 77% during the third quarter of 2009, when compared with the same period in 2008.
Operating expenses as a percentage of sales were approximately 20% during the third quarter 2009, compared to about 18% during the same period in 2008. This increase is primarily attributable to a 111% increase in amortization expense, a non cash expense, related to the February 6, 2009 acquisition of Fresh Made Dairy.
Total operating income increased by $1,772,193, (approximately 121%) to $3,239,432 during the third quarter 2009, from $1,467,239 during the same period in 2008.
Total income before taxes increased by $1,884,819 (approximately 168%) to $3,007,652 during the third quarter 2009, from $1,122,833 during the same period in 2008.
Provision for income taxes was $1,636,911, or a 54% tax rate, for the third quarter ended September 30, 2009, compared with a provision for income taxes of $267,917, or a 24% tax rate, for the same period in 2008.
Total net income was $1,370,741 or $.08 per share for the third quarter ended September 30, 2009, compared with $854,916 or $.05 per share in the same period in 2008. This represents a 60% increase in net income from the third quarter 2009 when compared to the same period in 2008.
Nine-Month Period Ended September 30, 2009
Total income before taxes increased by $4,440,498, (approximately 110%) to $8,474,370 during the nine-month period ended September 30, 2009, from $4,033,872 during the same period in 2008.
Provision for income taxes was $3,024,261, or a 36% tax rate, for the nine-month period ended September 30, 2009, compared with a provision for income taxes of $1,378,632, or a 34% tax rate, for the same period in 2008.
Total net income was $5,450,109, or $.32 per share for the nine-month period ended September 30, 2009, compared with $2,655,240, or $.16 per share in the same period in 2008. This represents a 105% increase in net income from the nine-month period ended September 30, 2009 when compared to the same period in 2008.
Net cash provided by operating activities was $5,504,144 during the nine months ended September 30, 2009, which is an increase of $1,872,155 when compared to the same period in 2008.
Edward Smolyansky, CFO commented, "We are extremely pleased at our record third quarter 2009 results. This was again the best quarter in our company's history from both the revenue side as well as the bottom line. Even though the cost of our conventional milk and other raw materials has increased during in the third quarter, our gross margins have remained strong and consistent."
Smolyansky added, "During the fourth quarter, weekly sales volumes continue at a record pace, and existing customers are consistently increasing their orders from previous weeks. Additionally, starting in late December, we will resume shipments to Costco in the Midwest, the first shipments since June 2009. Our cash flows remain very robust, and just this past couple of weeks, we paid down approximately $1.5 million in debt taken out to finance our February 6, 2009 acquisition as well as other current and long term liabilities."
Lifeway Foods, Inc.
Phone: 877.281.3874
Email: info@Lifeway.net
www.Kefir.com and www.StarfruitCafe.com
Find Lifeway Foods, Inc. on Facebook: http://www.facebook.com/lifeway.kefir,
Follow us on Twitter: http://twitter.com/lifeway_kefir and
http://twitter.com/starfruitcafe
Flickr: http://www.flickr.com/photos/lifeway_kefir/
YouTube: http://www.youtube.com/user/lifewaykefir
About Lifeway Foods
Lifeway Foods, Inc., recently named one of Fortune Small Business' Fastest Growing Companies for the 4th consecutive year, is America's leading supplier of the cultured dairy product known as Kefir, and America's sole supplier of Organic Kefir. Lifeway Kefir is a dairy beverage that contains 10 exclusive live and active probiotic cultures. While most regular yogurt contains only two or three of these "friendly" cultures, Lifeway Kefir products offer even more nutritional benefits. Lifeway produces 12 different flavors of its drinkable Kefir and Organic Kefir beverage, and recently introduced a series of innovative new products such as a children's line of Organic Kefir products called ProBugs (TM) with a no-spill pouch and kid-friendly flavors like Orange Creamy Crawler, Goo Berry Pie, and Sublime Slime Lime. In addition to its line of Kefir products, the company produces a variety of probiotic cheese products, and a line of products marketed in US Hispanic communities called La Fruta Drinkable Yogurt (yogurt drinks distinct from Kefir).
This news release contains forward-looking statements. Investors are cautioned that actual results may differ materially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, competitive pressures and other important factors detailed in the Company's reports filed with the Securities and Exchange Commission.
(Unaudited) (Unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
------------- -------------
2009 2008 2009 2008
---- ---- ---- ----
Sales $15,433,876 $11,240,282 $43,649,383 $33,885,912
Cost of goods sold 8,892,088 7,505,794 24,994,778 22,403,574
Depreciation expense 288,613 197,366 859,044 581,920
------- ------- ------- -------
Total cost of goods
sold 9,180,701 7,703,160 25,853,822 22,985,494
--------- --------- ---------- ----------
Gross profit 6,253,175 3,537,122 17,795,561 10,900,418
Selling Expenses 1,231,216 957,978 3,176,162 3,171,269
General and
Administrative 1,613,828 1,032,043 5,173,724 3,109,506
Amortization expense 168,699 79,862 508,086 239,585
------- ------ ------- -------
Total Operating
Expenses 3,013,743 2,069,883 8,857,972 6,520,360
Income from operations 3,239,432 1,467,239 8,937,589 4,380,058
Other income (expense):
Interest and dividend
income 34,180 95,042 144,899 261,037
Rental Income 12,047 13,647 33,340 36,940
Interest expense ( 99,864) (71,928) (364,337) (226,851)
Impairment of
marketable securities --- (270,908) --- (270,908)
Loss on Disposition of
Equipment --- --- (2,825)
Gain (loss) on sale of
marketable
securities, net (178,143) (110,259) (274,296) (146,404)
-------- -------- -------- --------
Total other income
(Expense) (231,780) (344,406) (463,219) (346,186)
-------- -------- -------- --------
Income before provision
for
income taxes 3,007,652 1,122,833 8,474,370 4,033,872
Provision for income
taxes 1,636,911 267,917 3,024,261 1,378,632
--------- ------- --------- ---------
Net income $1,370,741 $854,916 $5,450,109 $2,655,240
========== ======== ========== ==========
Basic and diluted
earnings per
common share 0.08 0.05 0.32 0.16
==== ==== ==== ====
Weighted average number
of
shares outstanding 16,798,623 16,730,650 16,799,134 16,867,890
========== ========== ========== ==========
COMPREHENSIVE INCOME
--------------------
Net income $1,370,741 $854,916 $5,450,109 $2,655,240
Other comprehensive
income (loss),
net of tax:
Unrealized gains
(losses) on
marketable securities
(net of tax benefits) 114,628 (480,045) 326,060 (895,641)
Less reclassification
adjustment
for (gains) losses
included in net income
(net of taxes) 104,609 64,746 161,071 85,963
------- ------ ------- ------
Comprehensive income $1,589,978 $439,617 $5,937,240 $1,845,562
========== ======== ========== ==========
(Unaudited)
Nine Months Ended
September September December
30, 30, 31,
--------- --------- --------
2009 2008 2008
---- ---- ----
Cash flows from operating activities:
-------------------------------------
Net income $3,024,261 $2,655,240 $1,912,275
Adjustments to reconcile
net income to net
cash flows from operating activities,
net of acquisition:
Depreciation and amortization 1,367,130 821,505 1,092,995
(Gain)Loss on sale of
marketable securities, net 274,296 146,404 733,647
Loss on disposition of assets 2,825 --- ---
Impairment of marketable securities --- 270,908 958,879
Deferred income taxes 790,858 (125,221) (509,386)
Treasury stock issued
for compensation 113,476 65,809 96,968
Increase (decrease) in allowance
for doubtful accounts --- (4,449) 70,551
(Increase) decrease in
operating assets:
Accounts receivable (2,000,033) (947,303) (626,754)
Other receivables 2,599 14,193 2,797
Inventories (636,236) (700,540) 409,012
Refundable income taxes 252,272 240,880 (115,536)
Prepaid expenses and
other current assets 4,661 665 (1,973)
Increase (decrease) in operating
liabilities:
Accounts payable (284,927) 766,988 665,942
Accrued expenses 167,114 118,650 44,243
Accrued income taxes --- 308,260 ---
------ ------- ------
Net cash provided by operating
activities 3,078,296 3,631,989 4,733,660
Cash flows from investing activities:
-------------------------------------
Purchases of marketable securities (6,050,202) (4,864,873) (5,782,452)
Sale of marketable securities 6,792,962 4,659,350 5,323,423
Increase in margin --- 428,951 ---
Purchases of property and equipment (1,020,776) (1,892,472) (2,157,315)
Acquisition of Fresh Made, net
of cash acquired (3,442,546) --- ---
---------- ------ ------
Net cash used in investing activities (3,720,562) (1,669,044) (2,616,344)
Cash flows from financing activities:
-------------------------------------
Proceeds of note payable 1,753,504 --- ---
Purchases of treasury stock, net (905,607) (1,139,987) (1,239,488)
Repayment of notes payable (2,104,340) (887,977) (1,196,465)
---------- -------- ----------
Net cash provided (used) in
financing activities (1,256,443) (2,027,964) (2,435,953)
---------- ---------- ----------
Net increase (decrease) in cash and
cash equivalents (1,898,709) (65,019) (318,637)
Cash and cash equivalents at the
beginning of the period 277,248 595,885 595,885
------- ------- -------
Cash and cash equivalents at the
end of the period $(1,621,461) $530,866 $277,248
=========== ======== ========
SOURCE Lifeway Foods, Inc.
CPQQ.OB came out with 3rd qtr earnings early Friday comfirming that 2nd qtrs breakout in both revenue and earnings was indeed the new trend.
They produce a new generation of transformers that are in great demand as China attempts to upgrade its power grid.
Demand far exceeds supply and cpqq plans to increase their production capabilty by 200% in 2010 because of a mandate by the Chinese government which is footing the bill as part of its stimulus pkg.
This is a company with a short trading history and a small float so expect volitile trading with a upside bias.
WKBT.ob
Worth a look. Its not a bb-hotstock yet but then buying before they get hot is much better don't you think.
The float is small so don't try to buy a large position if you like it.
Thru both a acquisition and organic growth they are forcasting very rapid growth.
Their current accounts is less than 2-1 a figure I like to see but has been improving rapidly.
This board has been very quite of late but I will moniter it now that I find you here.
Glad you are feeling better,,I was a little worried after not seeing your posts for awhile.
hey pappy...nice to hear from you...I've been sick for quite some time but much better now...just getting back....looking forward to making some money with you....hog
Hogfan glad to hear from you again. followed you to this board from the old motherboard that no longer lets me post for free.
I have never paid to post on a message board and at 72 im to old to change my ways.
I would like to give you my 3 amigos for 2010 having made all the profits I desire in 2009.
Two of the three I will be looking at coming 3rd qtr numbers to comfirm that bspm.ob & cpqq.ob are truly deserving, The 3rd has so many products in the pipe for future growth all with higher margins than current products that i have already chosen it,,,ckgt.ob. My 2009eps est. is $0.35 up from $0.23 in 2008 to be followed by 50%+ eps gains again in 2010 & 2011 if all the new products especially personnel care & animal feed make it to market.
CPRK - Copper King Mining (close to production)
Board: http://investorshub.advfn.com/boards/board.aspx?board_id=2587
News:
Copper King Mining Corporation (Pink Sheets:CPRK), an ore mining, processing, and exploration company located in Southern Utah, today provided further updates concerning its operations.
Ore Body Discoveries New drillings in the company’s current mine locations recently revealed that the ore body present is much larger than expected. In three drilled holes, several hundred feet from the known ore body, the company discovered extended intervals of over 1.00% copper, with corresponding gold and silver averages. Current “Check” assays from Chemex confirmed that the high-grade ore from the company’s Hidden Treasure mine is over 50% copper with a substantial gold credit equivalent of over 0.05 ounces per ton. http://ih.advfn.com/p.php?pid=nmona&cb=1224027554&article=28708948&symbol=NO%5ECPRK
Copper King Mining Corporation Announces Bridge Funding Business Wire via Yahoo! Finance - Sep 03 4:00 AM MILFORD, Utah----Copper King Mining Corporation , an ore mining, processing, and exploration company located in Southern Utah, today announced that it closed on bridge funding with a third party lender. http://biz.yahoo.com/bw/080903/20080903005583.html?.v=1
Copper King Mining Corporation Announces Mining Updates Business Wire via MILFORD, Utah----Copper King Mining Corporation , an ore mining, processing, and exploration company located in Southern Utah, today provided updates concerning construction of its Flotation Mill near Milford, Utah.
=============================================
PRODUCTION:
Production is expected to start June 1, 2007. Initial capital investment in the amount of $55 million will be used to build a Production Mill, Solvent-Extraction Electrowin, Vat Leach, Leach Pad and Natural Gas Cogeneration Power Plant, extraction equipment and transportation infrastructure.
Production Cost and transportation is expected to be less than 30% of the gross revenue from product sales.
It is estimated that with current proven reserves WUCC could process 2400 tons or ore per day for approximately 10 years producing almost $282,100 per day of revenue or $102,966,500 annually. Of course, proven reserves
are a small fraction of what is believed to be in the Milford Mineral Belt. Drilling continues to prove more reserves daily increasing the amount of proven resources and profit expectations.
WUCC owns or controls more than 100,000 acres of mineral properties, real estate, and other assets in Beaver County, Juab County and Millard County, Utah.
Its holdings include a vast number of mining claims, land leases and mining rights described as the Millford Mineral Belt. It is 18 miles long and 8 miles wide. The principal metals include Copper, Silver, Gold, Tungsten
and Molybdenum. Among its assets are also buildings and mining equipment.
MINERAL EXTRACTION:
Over the next five years, WUCC is projected to extract:
• 230,200,000 lbs. Copper
• 115,100 ounces Gold
• 11,510,000 ounces Silver
Based upon current market prices, the value of these minerals would be:
$886,270,000 Copper
$115,100,000 Gold
$211,668,900 Silver
*Prices based on the market in March, 2008
--------------------------------------------------------------------------------------------
GREAT CPRK INFO by just-the-facts:
Great DD from just-the-facts:
Friday, October 10, 2008 11:36:54 AM - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32782388
Sunday, October 05, 2008 10:39:13 PM - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32660587
SITE VIDEOS by just-the-facts: (a MUST see!)
http://www.nelsok.com/video/cprk_mill_video
http://www.motionbox.com/videos/a79edbb11a1ae12e
http://www.nelsok.com/video/cprk_blast_video_14256
http://www.nelsok.com/video/cprk_blast_video
http://www.motionbox.com/videos/a79edbb11b1fe52e
Great DD provided by JRK on 10/21:
Tuesday, 21st October 2008 (75 views)
Atlanta Gold has announced that it is "encouraged" by the latest assay results from the Atlanta project in Idaho.
Highlights from the drilling campaign include 7.37 g/t gold over 2.3 metres, 3.6 g/t gold over two metres, 5.07 g/t over a single metre and 22.2 g/t gold over 4.6 metres.
To date, the surface exploration has identified numerous "excellent" targets for exploration and confirmed that there is a mineral resource at Atlanta, the company stated.
In addition, the 12,000ft drilling programme intended to confirm the bottom of the East Monarch zone has been completed.
The firm is now planning to implement a second phase of infill drilling in an area east of the Monarch area of the project.
"Meanwhile, Utah-based outfit Copper King Mining has revealed that "substantial" amounts of gold have been uncovered at its Hidden Treasure mine."
Work on the company's current mine locations has indicated that ore bodies are larger than was previously estimated
htp://www.gold.org/news/2008/10/21/story/10492/atlanta_encouraged_by_gold_results
that one has been looking great from .50 slow and steady
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Sector Snap: Oil services sector stocks rise
AP ONLINE
Posted: 2008-09-12 13:32:00
DENVER (AP) _ Shares of offshore drilling services providers rose Friday as a Citi analyst said the sharp sell-off in the sector in the last two months could open up a buying opportunity for investors — especially in deepwater players like Diamond Offshore, Noble Corp. and Transocean Inc.
Citi Investment Research analyst Robin Shoemaker initiated coverage on seven drillers, with the three firms with the most deepwater exposure garnering "Buy" ratings based on their trading at a discount to peers. Ensco International Inc., Hercules Offshore Inc., Pride International Inc. and Rowan Companies Inc. were rated "Hold."
The analyst said that while a surge in new offshore rig construction will sharply boost fleets in the next four years, possibly pressuring day rates, he actually expects deepwater market conditions to tighten further and deepwater day rates to rise.
Shoemaker singled out Transocean as a "top pick" because of its dominant position in deep water and exposure to constrained supply markets. Contract rollovers and new-build deliveries should boost revenue and unfilled orders in the future, he said.
He also noted that the sharpdrop in shares this summer could lead to more consolidation in the sector.
"The upturn in global demand for offshore drilling services, which began five years ago, is abundantly and powerfully evident today," Shoemaker wrote in a research note. "The pace of mergers and acquisitions in offshore drilling has not slowed in response to global credit tightening."
Meantime, oil prices bounced back above $102 a barrel Friday as Hurricane Ike swept through Gulf of Mexico, prompting companies along the Texas coast to shut down refining and drilling operations. Ike is forecast to land early Saturday as a Category 3 hurricane near Galveston.
Light, sweet crude for October delivery rose $1.43 to $102.30 a barrel in morning trading on the New York Mercantile Exchange. The contract fell $1.71 overnight to settle at $100.87 after dropping as low as $100.10 per barrel. The last time Nymex crude traded below the $100 mark was April 2.
In early Friday trading, shares of Transocean rose $3.88, or 3.2 percent, to $123.80; shares of Diamond Offshore rose $4.66, or 4.5 percent, to $107.56; and shares of Noble Corp. rose $2.31, or 5.2 percent, to $46.85.
In addition, shares of Ensco rose $2.13, or 3.6 percent, to $61.62; shares of Hercules Offshore rose $1.04, or 6.2 percent, to $17.76; shares of Pride International rose $1.39, or 4.1 percent, to $35.25; and shares of Rowan Companies rose $1.23, or 3.9 percent, to $33.07.
American Oriental (AOB): Forbes quant eyes Chinese medicine
Posted Sep 10th 2008 11:30AM by Steven Halpern
Filed under: International markets, Newsletters, Stocks to Buy
Leading quantitative analyst Vahan Janjigian looks to American Oriental Bioengineering (NYSE: AOB), a maker of Chinese traditional medicines, among his latest featured stocks.
In his The Forbes Growth Investor, the advisor explains, "This market has enjoyed significant growth over the past several years due to several favorable trends." Here's his review.
"American Oriental Bioengineering is a pharmaceutical company that specializes in manufacturing and marketing plant-based traditional Chinese medicines (TCM) in China.
"Plant-based pharmaceuticals (PBP),which generated 82% of Q1 sales, are medicinal compounds derived from the leaves and roots of plants. These products, which are approved by the Chinese State Food and Drug Administration (SFDA), are used to treat various illnesses.
"The Chinese pharmaceutical market has enjoyed significant growth over the past several years due to several favorable trends.
Continue reading American Oriental (AOB): Forbes quant eyes Chinese medicine
Took from cl001...needed to remember where it was so I could read later...There are different matrices to measure gold juniors, resources in the ground and cash flow are most common. Another factor to consider is the cost of producing gold. Usually in a full blown bull market in gold, resources in the ground appreciates more, higher cost producers appreciate more. In a side way or bear market, cash flow is more important.
In cashflow model, my original favorites are:
SAM.to, NGG.v, AUN.v, EXN.v, CMM.v, SGR.v and ADA.v.
EXN and SGR appreciated most in the past a few weeks, both up over 50%. I sold off EXN to move money into AUN, I believe they are similar and AUN is cheaper. I sold a lot of SGR as well, but still holding some for it blue sky potential.
ADA, AUN are noticeable laggers these days. I have been adding both this week. SAM is also a lagger, I would add if I am not loaded with it. My top holdings are NGG and SAM. You can check out these stocks from Bobwins and my old postings.
Recently, since gold bull is running, I have been adding a few more speculative names to my portfolio.
BTT.v This is highly speculative. The only information I can get is the fact BTT closed its PP at 75c two months ago, now trading at 35c with no bad news. Drilling results from a few gold prospects should come out soon. CCJ is going to continue drilling for uranium on its land later this year. The first hole CCJ drilled in spring was very impressive, it could be a massive uranium mine there. It could be a multi bagger easily if one of the results is good.
NAK has the largest gold/copper mine on earth, located in Alaska, politically safe. I met with its chairman, Bob Dickenson a few months ago, everything proceeded as he visioned, except the stock price. Bob was looking for 50-50 partnership because its massive size instead of industry standard 70-30, he got it. He wanted a world class miner to be his partner, he got AAUK. He envisioned NAK to trade a the premium of the price partner paid, which is over 15 dollar, but NAK is trading at 10. I believe the sellers are wrong and NAK is a buy here.
SST.v is a silver holding company following silver wheaton model, should have a strong relationship with silver price. Its stock was cut in half recently due to some funds liquidation while silver went higher. I believe it created a great buying opp. Silver usually outperform gold in a bull market, as nuts pointed out.
And last not least, TRGD. It is BW's favorite, check out his comments on it.
DPDW last time there was an ascending triangle...2 charts
Apollo Gold Announces Second Quarter 2007 Results with Improved Production and Profits
Wednesday August 15, 5:00 am ET
DENVER, Aug. 15 /PRNewswire-FirstCall/ -- Apollo Gold Corporation ("Apollo" or the "Company") (Amex: AGT - News; TSX: APG - News) is pleased to announce its operating results for the second quarter of 2007. Apollo recorded a net income of $2.4 million, or $0.02 per share, for the three months ended June 30, 2007, as compared to a net loss of $2.6 million, or $0.02 per share, for the three months ended June 30, 2006. The net loss for the six months ended June 30, 2007 was $2.2 million, or $0.02 per share, compared to a net loss of $6.8 million, or $0.06 per share, for the same period in 2006. Unless otherwise indicated, all dollar amounts are reported in US currency.
R. David Russell, President and CEO of Apollo, said, "I am very pleased with the quarterly results and the fact that we recorded our first ever income in a quarter, which is another significant milestone indicating the progress that Apollo Gold has made during 2007. The Montana Tunnels mine continues to perform well leading Apollo to record both profit in the quarter and positive cash flow from operating activities. I expect further improvement from the mine during the second half of 2007."
Second Quarter 2007 Highlights
* Apollo Gold's 50% share of production for the quarter from the Montana
Tunnels mine (which is a joint venture with Elkhorn Tunnels, LLC) was:
Gold 5,483 ozs
Silver 86,267 ozs
Lead 1,892,000 lbs
Zinc 3,488,000 lbs
* Total cash costs per ounce of gold for the quarter on a by-product
basis were minus $237. Total cash costs on a co-product basis were as
follows:
Gold $406 per oz
Silver $8.11 per oz
Lead $0.70 per lb
Zinc $1.05 per lb
* The results of a new ore reserve at Black Fox were published showing
proven and probable reserves of 1,000,000 ounces of gold. A Canadian
National Instrument 43-101 ("NI 43-101") was filed on August 14, 2007.
Open pit reserves are 625,000 ounces of gold at an average grade of
5.8 grams per tonne. Underground reserves are 377,000 ounces of gold
at an average grade of 10.6 grams per tonne.
* At Black Fox, our third party consultant, SRK Consulting, Inc.
("SRK"), Denver, Colorado, has commenced work on a bankable
feasibility study which we expect to be completed in the first quarter
of 2008.
* At Black Fox a 20,000 meter drill program commenced in June 2007. The
objective of the drill program is (a) to expand the mineralization
along strike and down dip of the current reserves/resources, and (b)
to infill drill certain targets identified by the NI 43-101 with the
objective of converting some resources into reserves before completion
of the bankable feasibility study.
(1) "Total cash costs" is a non-GAAP financial measure. Please see the
note regarding non-GAAP financial measures at the end of this press
release.
Montana Tunnels Mine
At the Montana Tunnels mine the open pit remediation program was completed in February 2007 and the mill resumed operations on March 1, 2007.
During the second quarter 2007, approximately 3,400,000 tons were mined, of which 1,367,000 tons were ore, giving a strip ratio of 2.49. The mill processed 1,246,000 tons of ore at an average throughput of 13,700 tons per day for the quarter and payable production was 11,000 ounces of gold, 173,000 ounces of silver, 3,784,000 lbs of lead and 6,976,000 lbs of zinc. Apollo's share of this production was 50%. The mine commenced a project to increase mill throughput by 1,000 tons per day by re-commissioning a larger primary crusher (last utilized in 2005) which is scheduled for completion at the end of August 2007.
Ore mined 1,367,000 tons
Waste mined 2,024,000 tons
Total mined 3,391,000 tons
Ore milled 1,246,000 tons
Grade: Recoveries:
Au ounces per ton 0.0136 Au 72.9%
Ag ounces per ton 0.2420 Ag 73.3%
Pb % 0.2160 Pb 78.1%
Zn % 0.4455 Zn 76.6%
Forecast - We continue to believe that we will meet our previously announced production forecast for the Montana Tunnels mine for the period from March 1, 2007 to December 31, 2007 of 40,000 ozs of gold, 250,000 ozs of silver, 5,750,000 lbs of lead and 12,500,000 lbs of zinc. Apollo's share of this forecasted production would be 50%.
Black Fox
At the end of the second quarter 2007, a new mineral reserve and resource estimate was prepared by SRK. SRK has confirmed that the reserve and resource study complies in all respects with NI 43-101 guidelines. The table below summarizes the Black Fox Total Mineral Reserve:
Black Fox - Probable Reserves as of June 30, 2007
Cutoff
Grade Tonnes Grade Contained
Mining Method Au g/t (000) Au g/t Au Ounces
Open Pit 1.0 3,362 5.8 625,000
Underground (1) 3.0 1,108 10.6 377,000
Total Reserves 4,470 7.0 1,002,000
(1) Underground Reserves include dilution of approximately 22% of which
66,000 tonnes of indicated material with an average grade of
1.26 g/t Au was used and the remaining amount of dilution material
was assigned a grade of 0 g/t Au
The minable reserve was calculated based on a gold price of US$525/oz which is approximately the three-year trailing average. The average total cash cost per ounce of gold was calculated at $236 per ounce.
In addition to the reserves above, the NI 43-101 contains the indicated and inferred resources shown in the tables below:
Black Fox - Indicated Resources as of June 30, 2007(1)
Cutoff
Category Grade Tonnes Grade
Mining Method* Au g/t (000) Au g/t
Open Pit Indicated 1.0 997 4.5
Underground Indicated 3.0 667 10.1
* Mining method is determined by relative location above or below the
9,815m elevation.
Black Fox - Inferred Resources as of June 30, 2007(2)
Cutoff
Category Grade Tonnes Grade
Mining Method* Au g/t (000) Au g/t
Open Pit Inferred 1.0 3,256 4.7
Underground Inferred 3.0 929 12.3
* Mining method is determined by relative location above or below the
9,815m elevation.
(1) Cautionary Note to US Investors concerning estimates of Indicated
Mineral Resources. This press release uses the term "indicated
mineral resources". We advise US investors that while the term is
recognized and required by Canadian regulations, the US Securities
and Exchange Commission ("SEC") does not recognize it. US investors
are cautioned not to assume that any part or all of the mineral
deposits in these categories will ever be converted into mineral
reserves.
(2) Cautionary Note to US Investors concerning estimates of Inferred
Mineral Resources. This press release uses the term "inferred
mineral resources". We advise US investors that while the term is
recognized and required by Canadian regulations, the SEC does not
recognize it. "Inferred mineral resources" have a great amount of
uncertainty as to their existence, and great uncertainty as to their
economic and legal feasibility. It cannot be assumed that all or
any part of an inferred mineral resource will ever be upgraded to a
higher category. In accordance with Canadian rules, estimates of
inferred mineral resources cannot form the basis of feasibility or
other economic studies. US investors are cautioned not to assume
that part or all of the inferred mineral resource exists, or is
economically or legally minable.
Since we report our mineral reserves to both NI 43-101 and SEC Industry Guide 7 standards, it is possible for our reserve figure to vary between the two. Where such a variance occurs it will arise from the differing requirements for reporting mineral reserves. For example, the NI 43-101 has a minimum requirement that reserves be supported by a pre-feasibility study, whereas SEC Industry Guide 7 requires support from a full feasibility study done to bankable standards. The Black Fox project thus reports reserves under NI 43-101, but reports no reserves under SEC Industry Guide 7 as a final bankable feasibility study has not been completed.
Consolidated Financial Results Summary
(All Dollars in US, 000's unless otherwise stated)
Three months ended Six months ended
June 30, June 30,
2007 2006 2007 2006
Income (loss) from continuing
operations for the period $2,436 $(2,568) $(2,211) $(6,521)
Loss from discontinued
operations for the period -- -- -- (250)
Net income (loss) for the
period $2,436 $(2,568) $(2,211) $(6,771)
Basic and diluted net income
(loss) per share from (US$):
Continuing operations $0.02 $(0.02) $(0.02) $(0.06)
Discontinued operations -- -- -- --
$0.02 $(0.02) $(0.02) $(0.06)
Basic weighted-average shares
outstanding (in millions) 143.5 121.4 143.1 119.2
Diluted weighted-average
shares outstanding (in millions) 144.7 121.4 143.1 119.2
Apollo Gold Corporation
Apollo is a gold mining and exploration company which operates the Montana Tunnels mine, which is a 50% joint venture with Elkhorn Tunnels, LLC, the Black Fox advanced stage development project in Ontario, Canada, and the Huizopa project, an early stage exploration project in the Sierra Madres in Chihuahua, Mexico.
Contact Information:
Investor Relations - Marlene Matsuoka
Phone: 720-886-9656 Ext. 217
Toll Free: 1-877-465-3484
E-mail: info@apollogold.com
Website: www.apollogold.com
CAGC...I don't understand the drop....CAGC has done 0.24 for the first 6 months...I am adding on weaknes...hog
Basic and diluted earning per share were $0.24 and $0.17 for the six months ended June 30, 2007 and 2006 and $0.14 and $0.11 for the three months ended June 30, 2007 and 2006.
CPHI...Seeking Alpha
China Pharma Delivers Just What The Doctor Ordered
Tuesday August 14, 4:45 am ET
Microcap Speculator submits: After the bell, China Pharma Holdings filed impressive quarterly results with the SEC. The company, which I profiled in greater detail a few weeks ago, announced quarterly earnings of approximately $3.33M, or $.09 per fully-diluted share, on revenues of $8.57M. All metrics improved over the same quarter in 2006, when the company earned $1.83M, or $.05 per fully-diluted share, on revenues of $3.98M.
ADVERTISEMENT
Cash flow remains slightly negative as the company has a long collection cycle; however, even this metric improved sequentially over the first quarter. While the company will certainly be asked about receivables in the conference call on Tuesday, there was no indication in the 10-Q that any of the receivables need to be written off.
$216,000 of income is attributable to favorable currency translations. Many analysts deduct this and other charges to arrive at core earnings. However, with Chinese companies I think currency translation should not be disregarded. The dollar is in a long-term decline versus the yuan. Chinese companies selling mainly in China should enjoy an earnings boost as long as the trend persists, and there is no reason for investors to deny the existence of this phenomenon.
Technically, CPHI shares seem to have put in a bottom just under $1.40. I’m looking for a solid boost on Tuesday in reaction to the earnings report, and a sustained move off of these lows.
DISCLOSURE: Long CPHI.OB
CPHI.OB 1-year chart
CPHI...nice numbers out...should be a good day tommorrow...hog
I. The Six Months Ended June 30, 2007 In Brief
During the six months ended June 30, 2007, China Pharma continued to show sound
growth and outstanding financial performance. For the six months ended June 30,
2007, the Company's total revenue increased by over 81.46% to a record high of
$15.8 million compared to $8.7 million for the six months ended June 30, 2006.
This rapid growth was due to increased sales of existing products and the
products that were developed during the second half year of 2006. This was
consistent with China Pharma's strategy of launching new products in an
increasingly competitive market and exploring potential domestic markets.
N. America - US GOM
http://www.rigzone.com/data/projects/project_list.asp#reg2
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http://www.chinaview.cn/business/index.htm
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