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Quickchat #15: Starts 11/8/09 100 comments
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
This post has 100 comments:
"I would now like to discuss the U.S. Department of Energy’s Loan Guarantee program. The Renewable Fuels Association, wrote Secretary Chu to express its concerns about the direction of the DOE’s Loan Guarantee Program, citing systemic issues with its evaluation of emerging biofuels technologies. In that letter, which is available for you to review on its website, the RFA suggested that the DOE is applying standards for mature renewable technologies such as wind and solar to advanced biofuels technologies that are not realistic for projects tied to the commodity driven fuels industry.
Specifically, the RFA suggested that the DOE is requiring life of loan product off-take agreements, however such off-take agreements are inconsistent with the practice in the U.S. transportation fuels industry. The DOE is requiring higher levels of equity from emerging technology companies than for projects with mature technology; the DOE is requiring a BB credit rating, which according to Standard & Poor’s is higher than 63% of all U.S. corporate first time issuers since 2007; and the DOE is requiring all project applicants to reapply, rather than giving applicants the ability to address the DOE’s concerns, which requires among other additional costs, a completely new 75 to $125,000 application fee and significantly delays the projects in question.
With respect to Dynamic Fuels’ application, it has received notice from the DOE that its application was rejected on grounds substantially similar to those cited above by the RFA. The DOE listed the following additional areas of concern; firm supply and off-take agreements which effectively fix the project’s margin, contracts which are not typical of either the feedstock supply or transportation fuels markets; and a fixed price EPC contract, which is not realistic for emerging technology. In its application, Dynamic Fuels indicated that its construction strategy would be substantially similar to that being employed at its Geismar project, which is currently on budget and 76% complete.
While the DOE has invited Dynamic Fuels to reapply, Dynamic Fuels has not determined at this time whether it intends to do so. Dynamic Fuels is evaluating other avenues to finance a second plant and its near term focus is to complete the Geismar plant and bring it to full commercial operation in 2010."
On Nov 08 07:00 PM tripleblack wrote:
> Interesting. Would they have to pay the same big fee if they re-apply?
> That process could get expensive for a startup!
I should be ashamed. OF COURSE it is predictable, not a surprise.
I forgot to invert the message again. Doh.
On Nov 08 07:07 PM optionsgirl wrote:
> The DOE seems intent upon crushing rather than developing new technologies
> and companies. Hopeless mess, time to close them down and start again.
>
LOL, what I was talking about is my ongoing project to compile a dictionary of "Obamalish", mainly common terms and phrases which now mean the opposite, or inverse, of their prior, now obsolete, "English" version.
The problem is that those who believe they are in control really have no control at all. Their control is no more than a illusion similar to the one depicted in this photo.
static.seekingalpha.co...
static.seekingalpha.co...
"Ain't no sunshine when he's gone."
So much for the SPX will be bound within a 1030-1070 range.
Inverted of course.
On Nov 09 04:58 AM Freya wrote:
> How about inverting this:
>
> "Ain't no sunshine when he's gone."
>
> So much for the SPX will be bound within a 1030-1070 range.
Wilson was the first to say it. Now I see bumper stickers everywhere.
Extra! Extra! Read all about it!
Those stocks that have Announced their dividends are noted as such. Note that Gladstone is doing something different, they have a MONTHLY .125 dividend Announced through December 31.
This is the list I came up with over the weekend:
Re-Cap:
MAIN Main Street Capital 11.1% x-11-18-09, Announced
OTT Otelco 12.7% x-12-11-09, Estimated (high confidence)
PNNT Pennant Park Invest. 12.1% x-12-3-09, Estimated
PDLI BioPharma 12.0% x-12-15-09, Estimated
ARCC Ares Capital 12.7% x-12-11-09, Estimated
ANH Anworth Mortgage 16.0% x-11-18-09, Announced
AINV Apollo Invest. 12.0% x-12-15-09, Estimated
FTR Frontier Communications 13.7% x-12-7-09, Announced
TICC Technology Investment Capital 11.7% x-12-8-09, Announced
VGR Vector Group 10.9% x-12-16-09, Estimated (high confidence)
GOOD Gladstone 11.0% x-Monthly, Announced
My intention is to PROBABLY sell as soon as the dividends are locked in, OR (for those Estimated stocks in particular) immediately upon an announcement that dividends/distributions are NOT going to occur.
Unless market/political news improves a great deal (which I consider extremely unlikely) I will probably exit these positions soon after the dividends are paid.
I am setting tight stops on all these as well.
As for CVM, User and I posted more data in the Concentrator on that company, and we will see whether it can improve today from $1.24. I believe they will see positive press today/tomorrow, and that may boost their stock, though the press is almost certainly going to be quite "fluffy".
I am still looking to buy more on the dip, with my current buy target at $1.10.
As always, my disclosure is that I am buying these stocks, but everyone must do their own due diligence and research.
On Nov 09 08:57 AM Mayascribe wrote:
> TB: How about Obama's campaign, "Line by Line," quote? Then, some
> 900 extra pages of the Health Bill get snuck in over night?
>
> Extra! Extra! Read all about it!
>
"This is going to be the Mother of all jobless recoveries"... David Rosenberg
It IS "jobless"... We are witnessing massive job DESTRUCTION as our current national command authority policy!
But I am very uncertain about the "recovery" part.
On Nov 09 10:03 AM optionsgirl wrote:
> www.bloomberg.com/apps...;sid=aRC3r3unP3D8&...
>
> "This is going to be the Mother of all jobless recoveries"... David
> Rosenberg
LOL, this is really looking like the "old normal" today.
On Nov 09 10:05 AM Mayascribe wrote:
> A contrarian "Connections" thought: All these gold and silver junior
> companies promising to deliver big returns when they get up and running
> may have a more difficult time getting up and running if gold continues
> to rise. If the demand from China, India, Russia and Brazil keeps
> pushing gold higher, then those who already own gold, will have more
> money to spend, resulting in global inflation, which means it could
> cost a whole lot more to get a junior miner up and running.
If you consider how the big banks have built their portfolios of assets you get a picture like this:
static.seekingalpha.co...
It may be built on rock, but the safety of the foundation is very deceptive.
On Nov 09 10:26 AM tripleblack wrote:
> BUT they might find it easier to raise additional capital, based
> upon the value of their reserves in the ground.
>
> LOL, this is really looking like the "old normal" today.
I do find the overall spectacle worrisome, ie, that so MUCH capital liquidity is now concentrated in so few hands. I see the mass-death occurring in their smaller (and less blessed by the Feds) bank brethren to be a clear sign of this...
The effects on small business are already profound, and the extinction-level event seems poised to start moving up the food chain.
Either way, it should be evident when the juniors start starving for capital - only a few of them have deep pockets. The $10m offering from GWM is one example that occurs to me, though again, that is in Canada for the most part.
On Nov 09 10:44 AM Mark Bern wrote:
> And, then again, they may have an even harder time raising capital
> due to the frozen capital markets. If the big banks and their big
> clients (the only ones getting preferential lending treatment) are
> trying to consolidate valuable assets, they need only keep the juniors
> out of the capital cookie jar, squeezing them until they are forced
> to sell. I know this is really Machiavellian thinking, but does seem
> to be the new norm if I read correctly what is going on with government
> support.
>
> If you consider how the big banks have built their portfolios of
> assets you get a picture like this:
>
> static.seekingalpha.co...
>
>
> It may be built on rock, but the safety of the foundation is very
> deceptive.
Pinetree Capital Ltd. Acquires Securities Of Madison Minerals Inc.
Pinetree Capital Ltd. Acquires Securities Of Outlook Resources Ltd.
Pinetree Capital Ltd. Acquires Securities Of Bolero Resources Corp.
Thanks for the tip, Scrooge.
On Nov 09 10:15 AM ScroogeMcduck wrote:
> Hey maya check out SVM its been on a tear lately they report earnings
> after the close today.
On Nov 09 11:57 AM tripleblack wrote:
> Just looked over Pinetree. Interesting portfolio they are assembling
> there. They are now on my radar screen. Thankyou, OG.
LOL, being such a bottom-feeder as I am, I would probably like them worse if they were STILL a $15 stock.
I moved half my SLV out into SILV (at your urging, thank you), and I might put some of the remainder in SVM, I am currently light in that area (other than GWM, which I notice is up today to .28, and I am looking to buy some more of that).
I am planning to keep the commidity/silver stocks and hold them for a while, and I would do the same with SVM.
On Nov 09 12:02 PM optionsgirl wrote:
> I was really gung ho on them, but less so now. However, they do have
> some potential gems. I am holding but not buying more. It is a real
> long term proposition. Look at their 5 year chart. This was once
> a $15. stock.
Mark: Thanks for answering.
It may be the big shots like Barrick and Newmont will be doing a lot of taking over, or supplying the funds.
Scrooge: (SVA) is rocking! Hoping you're making lots! I bought some, not enough!
Perhaps the best summary with a lot of intriguing of sources I've yet read in some time about gold is here:
(I really botched up the Instablog's title. Should have been "Half Ton Of Gold Gone Missing From Royal Canadian Mint." Or, "Comex In Big Trouble.")
seekingalpha.com/insta...
On Nov 09 12:12 PM Mayascribe wrote:
> TB: I thought of that.
>
> Mark: Thanks for answering.
>
> It may be the big shots like Barrick and Newmont will be doing a
> lot of taking over, or supplying the funds.
>
> Scrooge: (SVA) is rocking! Hoping you're making lots! I bought some,
> not enough!
>
> Perhaps the best summary with a lot of intriguing of sources I've
> yet read in some time about gold is here:
>
> (I really botched up the Instablog's title. Should have been "Half
> Ton Of Gold Gone Missing From Royal Canadian Mint." Or, "Comex In
> Big Trouble.")
>
> seekingalpha.com/insta...
TB: The GWM offering was only for Canadian citz, unless someone outside of Canada had an agent. Not sure if you caught this, but my broker informed me that to register an offering with the SEC costs approximately a quarter mil.
If they would have opted to spend the $250,000? Who knows.
After the stock plateaued (never really went down) and canceled their dividend (temporarily, I have to look them over again to see where they are now), I got out.
I was once big in the pipeline and oil patch services. Right now all I have in that area is WHX, out of Austin.
Good luck with interClick.
On Nov 09 01:20 PM Mayascribe wrote:
> OG: Ditto!
>
> TB: The GWM offering was only for Canadian citz, unless someone outside
> of Canada had an agent. Not sure if you caught this, but my broker
> informed me that to register an offering with the SEC costs approximately
> a quarter mil.
>
> If they would have opted to spend the $250,000? Who knows.
Hoping I don't need it!
Dang it! I wish I would have kept Patriot Coal (PCX). Rats.
(I bought some (PCX) @ $13.12. If it goes up tomorrow, I will add. If it goes down tomorrow, I will add. If it does nothing tomorrow, I will add. So why not add more now?)
I wish I had kept CQP. Don't look back. You did not get into something, You got into something else. If you hadn't sold XYZ, would you have had enough to buy ABC?
Coulda, woulda, shoulda. Hindsight is really great.
Gold, $1,123 why? they are all Prime Numbers. Its as good a call as 1,070 on the SPX.
On Nov 09 12:08 PM tripleblack wrote:
> So I see. Of course, there are LOTS of charts like this out there
> now!
>
> LOL, being such a bottom-feeder as I am, I would probably like them
> worse if they were STILL a $15 stock.
>
> I moved half my SLV out into SILV (at your urging, thank you), and
> I might put some of the remainder in SVM, I am currently light in
> that area (other than GWM, which I notice is up today to .28, and
> I am looking to buy some more of that).
>
> I am planning to keep the commidity/silver stocks and hold them for
> a while, and I would do the same with SVM.
On Nov 09 01:20 PM Mayascribe wrote:
> OG: Ditto!
>
> TB: The GWM offering was only for Canadian citz, unless someone outside
> of Canada had an agent. Not sure if you caught this, but my broker
> informed me that to register an offering with the SEC costs approximately
> a quarter mil.
>
> If they would have opted to spend the $250,000? Who knows.
Thanks for all the insights.
On Nov 09 04:27 PM optionsgirl wrote:
> I have svm too.
Here's the latest off the Asian Newswire:
app.quotemedia.com/str...;;topic=XIN
Thanks!
On Nov 09 06:51 PM lower98th wrote:
> I spent the day on Ebay buying silver teasets below melt.
Since you are obviously working now on a short-horizon plan, this might indeed be precisely what you need. I'm the last one to tell you not to go there, I'm following a short term horizon myself right now, and may soon be back in 100% cash watching the world go by.
Think of it as the loan of a flashlight.
In answer to your speculation about XIN and their potential in the residential markets, IF China continues their stimulative measures and expansion of credit and money supply, which I believe they MUST (the world won't consume even their industrial capacity as it was 2 years ago, much less what they have added since then, or stored in every warehouse and wharf in China), then there is a chance that they will do very well indeed, while the situation continues.
It may well work inverse to the world markets China depends upon. As their customers recover and begin consuming more goods from China, they will have the ability to scale back issuing new credit and cease expanding their money supply.
When THAT happens, I would plan to have sold those particular investments and moved on.
But given the stagflation and flatline situation China's #1 customer is looking at, it MIGHT be at least a year or more before China can pull back their efforts to boost internal consumption, even if they might want to.
The market for the millions of square meters of residential space XIN has built is obviously (just as it was here until recently) going to be in high demand as long as the bubble is inflating and the government is supplying both subsidized downpayment vouchers and extremely cheap mortgage money.
On Nov 09 07:12 PM Mayascribe wrote:
> TB: Read the link. The comments detracting the article made more
> sense to me than the article itself. All about investing time period
> and exit strategy. I'll be watching XIN because of that very postitive
> report.
>
> Thanks!
On Nov 09 06:51 PM lower98th wrote:
> I spent the day on Ebay buying silver teasets below melt.
Given the ready acceptance of China for the G20 plans just announced, the idea that they will stay the course of maintaining a high pressure money hose back home - and with residential construction a key area to grow with that money injection - I would say that your plan is compatible with, and probably supported by, the G20 agreements.
On Nov 09 09:14 PM tripleblack wrote:
> Indeed, if catching the elevator in a rising bubble is the plan,
> then that article does layout the probable scenario. As he points
> out, the bubble should be a massive and powerful one, before it implodes.
>
>
> Since you are obviously working now on a short-horizon plan, this
> might indeed be precisely what you need. I'm the last one to tell
> you not to go there, I'm following a short term horizon myself right
> now, and may soon be back in 100% cash watching the world go by.
>
>
> Think of it as the loan of a flashlight.
>
> In answer to your speculation about XIN and their potential in the
> residential markets, IF China continues their stimulative measures
> and expansion of credit and money supply, which I believe they MUST
> (the world won't consume even their industrial capacity as it was
> 2 years ago, much less what they have added since then, or stored
> in every warehouse and wharf in China), then there is a chance that
> they will do very well indeed, while the situation continues.
>
> It may well work inverse to the world markets China depends upon.
> As their customers recover and begin consuming more goods from China,
> they will have the ability to scale back issuing new credit and cease
> expanding their money supply.
>
> When THAT happens, I would plan to have sold those particular investments
> and moved on.
>
> But given the stagflation and flatline situation China's #1 customer
> is looking at, it MIGHT be at least a year or more before China can
> pull back their efforts to boost internal consumption, even if they
> might want to.
>
> The market for the millions of square meters of residential space
> XIN has built is obviously (just as it was here until recently) going
> to be in high demand as long as the bubble is inflating and the government
> is supplying both subsidized downpayment vouchers and extremely cheap
> mortgage money.
>
> On Nov 09 07:12 PM Mayascribe wrote:
Over there, they do things right with their money. In China, job stimulus really means job stimulus.
XIN is not a big company by any stretch. I'm not saying I'm buying, yet. If I do, I will let you know, buddy! I've already owned the stock once before. It was back in June, and I got burned during that baby downturn.
Out until after the Steelers game is done.
By the way, I'm not saying Chinese homes are as big as US average homes. Still...
This COULD happen again, if their current stim program does lengthen past their plan (and as I said before, they either consume more domestically, or start closing down lots of factories, because the global recession has gone on a lot harder and longer than they thought it would).
This is one reason I keep adding to my silver holdings, and why I like the mining stocks.
All these things are indirect China plays (not dissimilar to what Mr. Buffett is doing here lately, LOL, save for a little difference in scale).
925-1000.com/index.html
On Nov 09 09:20 PM tripleblack wrote:
> Wow, interesting idea. Let me know how that turned out, I would
> be afraid of getting rooked with silver plate instead of sterling.
>
Steelers did a statement game tonight. Like they have to. Very impressive second half, in high altitude.
------> TripleBlack & Gold!
I am glad to see you have the good sense to be a Steeler fan :-) I would have thought you would have been an Eagles man.
Triple
Was on you site VERY impressive illustrations!!
I'm afraid to look at Triple's site, I'm sticking to nongraphics sites as much as possible, The CPU is fine, The Fans are shot.
Iron ore, Met. coal, Stainless steel ingrediants. Our Stimulus will require a lot of steel.
The Primary Use of Copper in China Isn't housing/city related. Its the Power lines which needed replacement (Snowstorm and Earthquake), Lines from the new coal plants, Redundancy, then to the 700 million wthout any electricity whatsoever. ( I do not have link, memory only)
They will be back in for Copper next year.
India is probably some 5 years behind China as far as Economic expansion is concerned, again, read somewhere. Because of their Climate, they will need more noncorrosive building materials and as their Electricity needs expand, more Copper.
Basic commodities have just started their moves. China/India guarantee pressure into the Future, Enter the Rest of the Asean community, shortages will develop sooner than later.
This is why China is preparing for "Peak Everything".
Thanks Maya, its just data from my notes. I tried to calculate the amount of silver one time that China would consume industrially (they go through a lot making electronics too, and almost the same reasons to use Castin there as well, particularly for dipping and board finishing). Once you start tracking down where industrial silver goes, it gets interesting. They are a major consumer for medicinal purposes as well. Their ability to recapture and recycle gold is world class, very high standard, but they are tossing silver away by the ton every year...
I like a team that wears black, too. I'm a long-suffering Falcons fan.
And thanks, OG. My wife being a jewelry artisan (fireraine.etsy.com), she does nice work, imo... Anyhow, we have LOTS of sterling silver (mostly wire, but quite a bit of plate as well) that is flowing through here constantly. I'll have to ask if she has a test kit, if not, we need one.
LOL, would you believe it, the one thing we have to constaly watch out for is fake COPPER wire goods and findings?
Yes, they take base metal (mild steel, sometimes brass or who-knows-what) and give it a quick plate job in copper.
I think this went on during the China-buys-all-the-copper high prices. Sometimes subtle stuff like this has a real meaning, too...
On Nov 09 11:12 PM optionsgirl wrote:
> buy a silver acid testing kit. About $15.00- 20.00. Here's a good
> website that helps you with sterling markings and also lists silver
> plate markings.
> www.925-1000.com/index...
According to my calculations, China MAY (huge pile of numbers, often disconnected, just my personal jottings) be in the market for copper very soon - I would agree with next year, though it could well be early next year. It would be like them to review their situation (one hallmark of a quasi-planned economy) after the G20 and see what they need...
IS it possible they will start sucking in big quantities of basic building materials and commodities again? And soon?
IMO, yes. I do not think this was the PLAN back a year and 2 years ago, but that plan has been heavily modified due to the recession, and now must be revisited again.
Note that China has slapped their response to the steel tubing tarrifs onto stainless steel. The tit for tat continues, and they are getting better at the game. The same union that makes both items here in the U.S. is involved, whereas before they chose more random links (Chicken beaks vs tires). I am still of the opinion that this low level bickering, having been forwarded to the WTO, is meant for domestic consumption starting here, and reflected there...
Small potatos compared to the internal consumerism they are trying to augment. LOTS of stories about real estate bubble in Hong Kong, but that would be the case, it is the canary in the mineshaft for China when it comes to overheating real estate. Its reaction will be greatly exaggerated vs the impact occurring in the much larger general Chinese market.
On Nov 10 06:42 AM Freya wrote:
> As I recall, the avg. New US home was 400 pounds of copper. Something
> similar in Aluminum for the Avg. US car..I would think that Mark
> B. would know for sure.
>
> I'm afraid to look at Triple's site, I'm sticking to nongraphics
> sites as much as possible, The CPU is fine, The Fans are shot.<br/>
>
> Iron ore, Met. coal, Stainless steel ingrediants. Our Stimulus will
> require a lot of steel.
>
> The Primary Use of Copper in China Isn't housing/city related. Its
> the Power lines which needed replacement (Snowstorm and Earthquake),
> Lines from the new coal plants, Redundancy, then to the 700 million
> wthout any electricity whatsoever. ( I do not have link, memory only)
>
>
> They will be back in for Copper next year.
>
> India is probably some 5 years behind China as far as Economic expansion
> is concerned, again, read somewhere. Because of their Climate, they
> will need more noncorrosive building materials and as their Electricity
> needs expand, more Copper.
>
> Basic commodities have just started their moves. China/India guarantee
> pressure into the Future, Enter the Rest of the Asean community,
> shortages will develop sooner than later.
>
> This is why China is preparing for "Peak Everything".
LOL, if anyone could go with one of the more exotic rare earth alternatives, it would be China, of course.
Its been 30 years since I had to study this stuff, odd how familiar this subject is... In an earlier incarnation, I was an industrial engineer and laid out production lines and helped build factories. Not so different...
Doing artwork is a lot more fun, though.
finance.yahoo.com/q/sa...
Maya you mention this. China still has to import anthracite/metalurgical coal, in big quantities, and the Aussie supply is high priced while the dollar is punk...
I owned ANR until recently. You might consider it, but there are other plays in Colorado I am looking into.
Too bad Clinton locked up much of our high quality coal under those parks he created to help his buddy in Indonesia! Wouldn't it be ironic if Obama modifies that situation...
There's enough quality coal there to make America a LOT of money.
Will report back if I find something interesting in western coal. Still looking...
interest in the Carol Project located in southern Sonora State, Mexico.
The Carol Project
The Carol property is comprised of six mineral concessions that cover 1,868 acres. It is located approximately 2 miles north of Frontera Copper Corp.'s Piedras Verdes copper porphyry mine, which is currently producing and has a reported proven and probable reserve of 191 million tonnes grading 0.36% copper.
The property is host to three distinct mineralized targets: the bulk
tonnage-style Balde copper-zinc-gold-silver skarns, the Escondida shear zone and high-grade epithermal vein-hosted silver and gold.
The Balde Norte skarn is exposed over an area at least 700m long by 180m across, whereas the larger Balde Sur skarn target is exposed over an area that measures 1,100m by 400m. Small gambusino-style workings occur at the northern end of the Balde Sur target where sampling returned 8 metres grading 1.62% copper, 4.18% zinc and 10.0 g/t silver.
In the centre of the property is the La Escondida zone where sampling returned 8 metres averaging 1.10 g/t Au, 21.23 g/t Ag as well as 2.25% Cu. This zone is open both along strike and to depth. In 2008, a new gold zone discovered at Carol uncovered 20 metres averaging 0.66 g/t gold that is open in all directions. The highest gold assay received was 2.24 g/t.
"The Carol project is a valuable addition to our project portfolio. It has an exciting potential to host a bulk tonnage copper-gold-silver deposit and the property's infrastructure is excellent. A trenching program carried out in 2008 showed that the property contains multiple targets with average grades greater than 1% copper, 1% zinc, 6 g/t silver and 0.3 g/t gold," commented Wayne Gruden, CEO of American Sierra.
"Several of the target zones remain open in at least one direction. This is significant in that there is the potential, with additional exploratory work, to show mineralization over much wider widths. We will initiate the due diligence process as soon as possible and expect to sign a final agreement in the near future," added Mr. Gruden.
Under the terms of the Letter of Intent, to earn a 100% interest American Sierra will be required to pay the vendor US$50,000, spend US$600,000 on exploration expenditures over a three year period and issue 500,000 shares during the same period.
Correction to Press Release Dated September 30, 2009 on Urique Project
Our news release of September 30, 2009 reported one sampling result on the Urique South Zone that was incorrect. Please note that the correct local bonanza grade gold found on this zone was 10.6 g/t (grams per ton) gold.
HardToLove
www.marketwatch.com/st...
The part that disturbed me was this:
Marshall Berol, portfolio manager for the Encompass Fund /quotes/comstock/10r!e... (ENCPX 8.26, +0.18, +2.23%) , a fund that has earned a triple-digit return this year, in part due to some investments in junior, or lesser-known, gold stocks, got the email and was curious about this mining company of which he had never heard.
"The company is only two years old, but it hasn't been a gold-mining stock for most of that time," Berol explained, revealing the fruits of a simple Internet search. "A few months ago, it was CE Entertainment, based in Seattle, specializing in Ukrainian musical products. Now it's headquartered in Reno, renamed American Sierra and saying it has gold projects."
On Nov 09 09:55 PM tripleblack wrote:
> Copper in the plumbing has to be a major item, and from what I've
> seen, China has stockpiled sufficient cu to build quite a few apartments
> and condos. This also requires a lot of silver solder to sweat all
> the joints, or it would if they are building without lead in those
> joints (they may use lead, though I hope not). If they are using
> lead-free solder, this contains a lot of tin and a good bit of silver
> (I like silver). Castin solder is probably going to displace most
> industrial processes, and it contains 2.5% silver, 96.2% tin, .8%
> copper and .5% antimony. I have run across lots of articles about
> the mountain of copper that China purchased, distorting the world
> pricing for quite a while!
>
> This COULD happen again, if their current stim program does lengthen
> past their plan (and as I said before, they either consume more domestically,
> or start closing down lots of factories, because the global recession
> has gone on a lot harder and longer than they thought it would).
>
>
> This is one reason I keep adding to my silver holdings, and why I
> like the mining stocks.
>
> All these things are indirect China plays (not dissimilar to what
> Mr. Buffett is doing here lately, LOL, save for a little difference
> in scale).
Using the european plastic snap-on system is becoming a lot more common in home and office construction here, and is already dominating new construction in Europe.
I once looked to buy into this technology, but was too far behind the curve, and its a very diverse manufacturing environment - unlikely to have a nice pinch point where I could make a killing, at least at the time, which was several years back (2006, I think).
Environment might have changed... I wonder if any of these guys are now manufacturing in China?
On Nov 10 10:19 AM ScroogeMcduck wrote:
> Actually because of the rising price of copper HVAC contractors are
> using a new pipe system to save money called PEX tubing which is
> a form of hard plastic tubing simalir to PVC. It's significantly
> reducing the amount of copper in homes but the Commercial and Industrial
> contractors don't use it.
TB: Hard and myself have been all over American Sierra. I got out of it completely. That they bought more land, means all the more capital they'll need to raise. Funny, record company turns into gold company. How many gold records have they produced?
Scrooge: Way back, when I was buiding my tiny restuarant chain, we used PVC. Never heard of PEX before. Thanks.
www.youtube.com/watch?...
www.pexsupply.com/
On Nov 10 10:41 AM Mayascribe wrote:
> Rough day traders market today. Can't figure what stock to get after.
> Bought 1000 ATPG @ $17.77. Up a couple hun.
>
> TB: Hard and myself have been all over American Sierra. I got out
> of it completely. That they bought more land, means all the more
> capital they'll need to raise. Funny, record company turns into gold
> company. How many gold records have they produced?
>
> Scrooge: Way back, when I was buiding my tiny restuarant chain, we
> used PVC. Never heard of PEX before. Thanks.
On Nov 10 11:06 AM ScroogeMcduck wrote:
> If the S&P breaks 1100 I firing away
That's my report!
Their cost per oz of silver improved to negative 6.24 oz from negative 5.00 an oz last qrt
Their conference call starts at 12:00
www.silvercorpmetals.c...
Looks like a solid young mining company to me, just as they say, still ramping up.
I bought a little bit of them yesterday. It will be interesting to see how they do...
PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF
HALO RESOURCES LTD.
TORONTO, Canada (November 10, 2009) Pinetree Capital Ltd. (TSX: PNP), announces that on November 6, 2009, it acquired ownership of 2,000,000 common shares (“Common Shares”) of Halo Resources Ltd. (“Halo”) and 2,000,000 common share purchase warrants (the “Warrants”). Each Warrant entitles the holder to purchase one additional common share at a price of $0.075 per share until November 6, 2010 and thereafter at a price of $0.10 per share until November 6, 2011.
On Nov 09 01:49 AM Mark Bern wrote:
> Well, isn't this just soooo typical of the Administration. I mean,
> by all appearances it looks to me as though BO is trying to smother,
> crush, and stomp on small businesses so that his big business buddies
> (read: contributors) can grab more market share. Isn't all this
> just ironic as all get out? The party that says big business is
> bad just keeps doing everything it can to help those same big business
> interests.
>
> The problem is that those who believe they are in control really
> have no control at all. Their control is no more than a illusion
> similar to the one depicted in this photo.
>
> static.seekingalpha.co...
> using a new pipe system to save money called PEX tubing which is
> a form of hard plastic tubing simalir to PVC. It's significantly
> reducing the amount of copper in homes but the Commercial and Industrial
> contractors don't use it.
Last/this? year I read an article about a new PVC type of Oil pipeline, Engineering Live, which could be built. At the time, I ignored it because of the high price of oil/gas. Once built, it had a lifespan of about 50 years without corrosion.
Haven't seen anything since until I saw your comments.
EGI, 30% IVN/RPT owned has two large coal properties.
This is Mongolian Coal.
I have to come up with an acronym for this phenomena.
www.leeb.tv/node/70?si...
On Nov 10 01:44 PM Mayascribe wrote:
> HTL: Suggestion, bring up the 20, 50, and 200 day intraday moving
> chart for ATPG and add in the money flow. Everything is smack dab
> together. It's like all four are making out!
>
> I have to come up with an acronym for this phenomena.
I just bought 1000 shares for $17.59. We'll see what happens.
This is fun to do on a boring day.
Last Friday I mentioned (RTP) as an Aussie company with a Mongolian play buried in there when you brought in the Mongolian data. It was going for $93 at the time. I bought a little then, and its shown some life. I think you are onto something in general. Props to you, Ms. Freya!
On Nov 10 01:10 PM Freya wrote:
> SGQRF, 80% IVN owned, Chinese investing. Coal.
>
> EGI, 30% IVN/RPT owned has two large coal properties.
>
> This is Mongolian Coal.
Up a hun minus nine for commission. Experiment complete!
On Nov 10 01:51 PM tripleblack wrote:
> "CIA"? Charts interesecting averages?
Outside looks great. Had to have the workers reset about 15 Belgian blocks. The looks on their faces...but they did it and it looks wonderful. Neighbors are stopping in, including the head of the grounds committee...they love it!
Tomorrow, quarter ton more of gravel coming in. My job!
Congrats on the landscaping!
On Nov 10 02:26 PM Mayascribe wrote:
> By the way, anybody have a root canal lately? Is $1100 a good price?
>
>
> Outside looks great. Had to have the workers reset about 15 Belgian
> blocks. The looks on their faces...but they did it and it looks wonderful.
> Neighbors are stopping in, including the head of the grounds committee...they
> love it!
>
> Tomorrow, quarter ton more of gravel coming in. My job!
First solid, positive indication of recovery I have seen lately. Actually unexpected for me, its not the number I would have thought to see from FedEx at this juncture, even for temp workers.
These sorts of announcements are usually made earlier than this, though...
What you have to do on EGI is to go to one of their reports which details their leases and what they have discovered so far.
If you were on an Island where X marks a spot in the middle of it, the Rio/ivn property is the X, EGI leases the rest of the Island. They just received Permits to develop two of them.
Maya, How about the WTF indicator?
Which "small" miner is Leeb hinting about? My guess is either Nova Gold (NG) or Northern Dynasties (NAK).
On Nov 10 03:23 PM Mayascribe wrote:
> OyGee! Terrific interview! Had to pause to buy more ATPG.
>
> Which "small" miner is Leeb hinting about? My guess is either Nova
> Gold (NG) or Northern Dynasties (NAK).
I found this article:
www.marketwatch.com/st...
On Nov 10 01:50 PM optionsgirl wrote:
> Leeb interview. It's to sell one of his more expensive subscription
> services, but a really, really good interview. Suggests commodity
> plays for the next ten years. Listen to it sooner rather than later,
> these tend to go away after a few days.
>
> leeb.tv/node/70?si...
So he strapped me in and said he would be as careful as he could. He wasn't very. The worst part was when he used the little files to pull out the nerve endings. He apologized repeatedly, but it didn't help. All I'm trying to say, Maya, is Count Your Blessings! The little prick of the needle and the pressure you feel from the drill are nothing. Trust me on this one.
We prefer to make a profit, you know.
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