Piper Jaffray Companies (PJC)

All Comments on PJC

  • commenter
    ubercoach
    Sep 18 07:43 PM
    My Website
    Will the Boutique Bank Rise Again? [view article]
    Investment Bank business models need to change if they want to survive the storm Reply
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    User 218405
    Aug 21 11:15 AM
    Looking For Action? S&P 1500 Most Volatile Stocks [view article]
    Intersting, I enjoyed reading your article.
    Dan Kowkabany     Reply
  • commenter
    Stockaccumul
    ator
    Jul 16 11:55 PM
    Wall Street Breakfast: Must-Know News [view article]
    The metals stock to buy immediately as it goes into its exponential earnings announcement soon to come: SID (CSN)...Latin America Jack Dzierwa discussed ideas about how to play Brazil's public-works endeavor, starting with Companhia Siderurgica Nacional (SID:companhia siderurgica nacion sponsored adr
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    Last: 40.12+0.48+1.21%

    Known on exchange as SID

    4:02pm 07/16/2008

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    SID 40.12, +0.48, +1.2%) , the country's third-largest steel producer.
    "You need steel" no matter the improvement project, the fund manager said. Steel producers comprise the largest portion of the portfolio, at about 9% of assets. "What's most important," Dzierwa noted, "is that this is a fully-integrated steel company. CSN has its own internally generated iron ore -- and we've seen how iron ore [prices] have been behaving -- in addition to steel."
    Iron ore is the key material used to make steel, and its largest producers -- Brazil's Companhia Vale do Rio Doce and Anglo-Australian mining firms Rio Tinto and BHP Billiton Ltd -- have boosted their prices by at least 71% over the last year.
    "[CSN] is producing steel at the same time as raw material, so it is not exposed to price fluctuations," Dzierwa said. "It helps manage margins much better than if you were at the mercy of an outside supplier."     Reply
  • commenter
    Mark Anthony
    Jun 12 12:45 AM
    My Website
    Sticking with North American Palladium [view article]
    Heiko:

    PAL currently produce roughly 300K ounces palladium and 26K ounces platinum a year, on top of byproducts of gold, nickel and copper.

    I see platinum reach $4500 and palladium at $1500 being a very conservative target. The bottom $1500 of platinum and $350 of palladium, as well as byproduct metals pay for the cost, so the profit would be $3000 per ounce platinum and $1150 per ounce palladium, total $420M annual profit before tax. Give a reasonable P/E of at least 10, PAL market cap should be $4.2B, at 80M shares, PAL should be $52.50 per share, about 10 fold from here.

    Time frame is one to two years. The first 4 to 5 fold gain should be achieve in the next 12 months as South Africa electricity crisis worsen in the coming winter season. (It's winter time now in South Africa, which is in the southern hemisphere).

    Let me repeat this is a very conervative target. Palladium ran up to $1100 in 2000/2001, inflation adjusted that is equivalent to $3000 in today's dollar.

    Reply
  • commenter
    haigo
    Jun 11 04:50 AM
    Sticking with North American Palladium [view article]
    Hi Mark, what is your price target on SWC and PAL and in what timeframe? Reply
  • commenter
    SuperStocker
    Jun 07 11:42 PM
    My Website
    Sticking with North American Palladium [view article]
    I will see if I can get a good price for PAL on monday. It seems the time is ripe for it to start moving up. Reply
  • commenter
    Mark Anthony
    May 16 09:26 AM
    My Website
    Sticking with North American Palladium [view article]
    In a recent Thunder Bay TV interview, The VP of PAL commented on the mine grade of the Offset High Grade Zone:

    cdn.dayport.com/tbtvim...

    Towards the end of the video PAL's VP David Passfield says: "I don't think anybody else has really found a deposit to date that has the same sort of grade and amount of resources that the Lac des Iles deposit has."

    He also emphasizes that they have not yet found the ends or bottom of the OHGZ and that it might be even bigger.
    Reply
  • commenter
    bighattexas
    May 13 07:48 PM
    Sticking with North American Palladium [view article]
    5/13 Yeah! The earnings are finally catching up! Be Patient! Reply
  • commenter
    DaveW
    May 13 01:13 PM
    Sticking with North American Palladium [view article]
    Anyway.... I can't help but imagine that PAL probably employs some very competent geologists and front office folks who balance the geo-science of mining with the business plan of mining. In the meantime I locked in some healthy short term gains on today's earnings spike, in spite of the fact that the price of palladium is down. Since SWC isn't moving much today I believe PAL will eventually drop around the low $5 at which point I will add to my PAL position.

    jermp - thank you for adding more constructively to the conversation.     Reply
  • commenter
    Turnipseed
    May 12 03:02 PM
    Sticking with North American Palladium [view article]
    Mark,
    I was referring to your using a single intercept in ddh 07-007 of 29.69 gpt PGM and implying PAL has discovered an ore body of this grade. My comments were intended to point out that much more work was needed in order to prove your implication. If you didn't mean to imply this, then why do you claim PAL has the world's richest Pd mine?
    The drilling in the OHGZ gave indicated reserves of 3.239 MT of 5.45 gpt Pd and 8.24 gpt of Pd equivalent, and inferred reserves of 12.794 MT of 5.25 gpt Pd and 7.90 gpt PdEq. Pretty good grades but a far cry from 29.69 gpt PGM and certainly not the world's richest Pd mine. Of course, we both know that average grades mined are also dependent on other factors like mining cost and dilution.     Reply
  • commenter
    Mark Anthony
    May 09 11:55 PM
    My Website
    Sticking with North American Palladium [view article]
    Jermp:

    Just by anonymously claiming to be a mineral exploration geologist doesn't automatically make you one. Of course if you need to find out the exact amount of mineral reserve and grade to 3 or 4 digits precision, you will need to drill a whole lot more holes to determine it. But as far as give a rough estimate and determine whether a mine is economical, a few dozen holes should be sufficient.

    The whole science of explorational drilling, is to provide sufficient information for strategic mining decisions, using as few drill holes as possible, because each drill hole costs a lot of money.

    So geologist, you are saying, that after PAL spent more than one whole year and $10M to drill 50 holes in the OHGZ and presented the report, you think they have collected only 1% of data needed for a strategic determination, then to collect 100% of the amount of data you would need, PAL probably will have to spend 100 years and more than US$1 BILLION to keep drilling, before you could have enough data just to answer a simple yes or no question whether it is economical? It would have cost far less to just go ahead and develop the mine, without wasting the money drilling holes.

    Frankly, I do not think you can find a job in any mining company if you put your above comment in your resume. No one has unlimited resource to let you just keep drilling without producing data. You are either a fakery, or you are simply unemployed because you cost your employer too much exploration money.
    Reply
  • commenter
    Turnipseed
    May 09 07:41 PM
    Sticking with North American Palladium [view article]
    DaveW,
    Mineral deposits can be highly irregular - a hole 10 feet away might show very different grades. Determining ore reserves requires considerable drilling and sampling, and sometimes requires underground drifting. I'm generalizing here because different types of mineral deposits and even deposits of the same type all have there own individual quirks. High grade intercepts can be interesting, but have little value in estimating the grade of a mineral deposit. Ore reserve calculations require the collection of a vast amount of data as well as geostatistical analysis. PALs drill hole results are interesting, but this probably represents less than 1% of the data needed to determine if this mineralization is economic (ie can become a mine). Mark obviously does not realize this, hence my comment.
    By the way, I am a mineral exploration geologist by profession.     Reply
  • commenter
    DaveW
    May 09 05:43 PM
    Sticking with North American Palladium [view article]
    jermp,
    Hey how about 'blessing' us with your supposed knowledge? A random scolding adds nothing to this diaglogue if you don't follow with, in effect, a nugget of your own tightly held wisdom.     Reply
  • commenter
    Turnipseed
    May 08 06:25 PM
    Sticking with North American Palladium [view article]
    Mark,
    Your comment about only needing one drill hole "in the richest part of the center of the ore body" is totally, completely wrong. You obviously know absolutely nothing about mineral exploration or ore reserve calculations. Goggle "nugget effect" and krieging to see how incredibly ignorant you are. Shame on you for misleading other investors.     Reply
  • commenter
    User 190535
    May 08 06:15 AM
    Sticking with North American Palladium [view article]
    this same post was written on this blog-

    stockology.blogspot.co.../     Reply
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