boisterousbob

Asia's Solar Industry Warms Up

Sorry for multiple posts. This is so curiuous.

He says their poly costs are below $25/KG, but he doesn't say they are making it themselves!

BTW they haven't depreciated any of the capex on that plant yet...

:)


On Sep 10 09:10 PM boisterousbob wrote:

> Wow that is interesting. It's not what he said on the last Q conference
> call...

Asia's Solar Industry Warms Up

Wow that is interesting. It's not what he said on the last Q conference call...


On Sep 10 02:46 PM ldker wrote:

> Ming/Wei, what is the deal with the rumor that LDK is producing Poly
> at $25 KG? look at link:
>
> www.jlmpacificepoch.co...
>
> the above link is by a news company that is often referred to by
> Briefing.com. Could it be a misquote? If it is true it wld be huge
> for LDK.

Asia's Solar Industry Warms Up

Sorry I meant $100 and $50. If polysilicon prices don't recover LDK will be left with a $250billion white elephant. If you are investing watch out carefully for the rate at which they are diluting their shares to pay for this....

LDK is heading down the value chain into the lower margin areas while it's competitors are heading up the value chain more aggressively into higher margin system level work.

For what it's worth (maybe not much :) TSL is much stronger IMHO.


On Sep 10 09:04 PM boisterousbob wrote:

> Really? LDK are able to make polysilicon at $1/kg but at spot price
> on the open market it is under $.50/kg.
>
> LDK will be able to control their costs if polysilicon recovers notably
> in price, but they have to wait for that to happen before they can
> hope to gain any efficiencies from their own planty

Asia's Solar Industry Warms Up

Really? LDK are able to make polysilicon at $1/kg but at spot price on the open market it is under $.50/kg.

LDK will be able to control their costs if polysilicon recovers notably in price, but they have to wait for that to happen before they can hope to gain any efficiencies from their own planty


On Sep 10 11:09 AM Ming-Wei/Ming wrote:

> For un-bias news, PRnewswire stand out. It does used emotional or
> colored words report news and facts. In the business world, a lot
> of news media put emotional wording to report news and fact. This
> practice does intend manipulating! When First solar had good news,
> every media reported with enthusiasm. When Chinese solar had good
> news, they pretend it is not exist. When LDK Solar Completes First
> Polysilicon Production Run at 15,000 MT Polysilicon Plant, no other
> media but PRnewswire ever noticed. For an investor, the importance
> of this means LDK will reduce their silicon cost and return to profitability.

Top Solar Investing Hedge Fund List

Fred, I agree!!! I lke solars that "verticalise" so long as they are verticalising up the value chain not down it.

Polysilicon production, close to the bottom of the chain, is stunningly expensive to install plant for, has razor thin margins, and has left companies such as LDK massively exposed to the collapse in price of poly.

Solar's Warm, But Not Hot - Barron's

Dirtt I don't think the gorilla you were looking at was german. The german housing market is actually in reasonable shape, they didn't really have the bubble in housing that existed elsewhere.


On Jul 20 04:01 PM Dirtt wrote:

> I don't see any screaming buys but plenty of risk. The subsidies
> in Spain and Germany impacting revenue must be dependent on the housing
> market to some degree. And the last time I looked the 20,000-ton
> gorilla in the room is housing inventories. (The 800 lb gorilla is
> subject to inflation also) Housesitters tend not to make improvements
> on property they don't own.
>
> And just because people are tired of hearing it and the media tired
> of reporting it doesn't mean that gorilla is moving anytime soon.
> If fact he's not even awake yet.
>
> To be sure plenty of risk in EMKR has evaporated. It could sneak
> back into the $7.73-9. area.
>