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Russom

Russom
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  • Turquoise Hill Announces Financial Results and Review of Operations for the Second Quarter of 2014 [View article]
    Do not be so pessimist. This is a industrial operation and the past quarter was the first close to a normal operation. Contribution margin is already in line with USA copper producers, around 40 pct. Next step is get an operating margin of 15pct or more. Annualized Ebitda is around $ 700m, should go up to 1.0 billion next year. In 2or 3years debt should be lower than 3x ebtida. At capacity production may be close to 200k ton per year of copper plus 1.0m ounces of gold, probably in 2015. If expansion is finally approved and there is little doubt this is going to happen, sales turn over will be over 6.0bi. This is quite an operation, takes time....
    Aug 12 05:12 PM | Likes Like |Link to Comment
  • Oi's (OIBR) CEO Zeinal Bava on Q2 2014 Results - Earnings Call Transcript [View article]
    Not much to say at least regarding debt reduction. If you take ebitda - capex - interest, difficult to foresee cash flow breaking even in the next 2 to 3 years. Let´s forget about dividends from now on until 2017...!!!
    Hope operating margin really improve or we will be talking about the possiblity of default a couple of years from now.
    Aug 7 12:20 AM | Likes Like |Link to Comment
  • Oi S.A. reports Q2 loss [View news story]
    It looks like we will have to wait another year before Oi becomes an attractive company again hopefully.!!! All of us that bought shares at $ 1.20 or even well above in the past months are surely very disappointed, but was not for lack of warnings from some friendly advisors. Dealing with the BRL 46 billion debt plus the need to invest in the coming 4G wave in Brazil will be really quite challenging. !!!
    Aug 6 02:29 PM | Likes Like |Link to Comment
  • Will Things Get Any Better For Petrobras? [View article]
    Petrobras will need a couple of years before starting to bring acceptable returns if and only if a new president takes power. If the current president gets re-elected, you will be able to take your shot during october, between first and second passes, just sell. !!!!
    Aug 4 08:22 PM | Likes Like |Link to Comment
  • Vale's (VALE) CEO Murilo Ferreira on Q2 2014 Results - Earnings Call Transcript [View article]
    Vale is or has been a well managed company, results are good but have no upward potential next 2or 3 years unless metal prices go up, which is highly unlikely to happen, so enjoy the dividends in the meantime....!!!
    Aug 1 03:16 PM | Likes Like |Link to Comment
  • Will Turquoise Hill's Time Ever Come? [View article]
    I have been checking some numbers and it looks like the $2.5 billion sales in 2015 is achievable but the plant will be at capacity. An ebitda of 40% also seems more realistic, meaning $ 1.0 billion. Here the problem begins, perhaps somebody would be willing to pay 8x ebitda for the company, taking us to $ 8.0 billion divided by 2 billion shares, bring us to $ 4.0/share....!!! So unless we go to phase 2, the underground mine and also double the concentrator capacity....who paid $ 7.0+ for the stock better start to accept some significant losses,.
    Aug 1 12:18 AM | 1 Like Like |Link to Comment
  • Will Turquoise Hill's Time Ever Come? [View article]
    Good question
    Assuming current total processing capacity and today´s prices for copper, gold and silver, sales in 2015 would be around $ 2.5 billion max.
    Ebitda should be 60% (?). In such case $ 1.5 billion/year x 8 (average for big mining companies)= 12.0 billion, that divided by 2.0 billion shares, would give a target price per share of $ 6,0. !!!!
    How is it? Is there anybody else willing to give a try as well or improve my figures?

    Jul 31 10:16 PM | Likes Like |Link to Comment
  • Another Brazilian Clunker: Petrobras' Coming Debt Debacle [View article]
    Even considering a possible change in government, it is difficult to understand current PBR stock price...!!! Too much speculation. I agree with your comments. Do not buy now too risky.
    Jul 22 07:28 PM | 3 Likes Like |Link to Comment
  • Armour Residential: Long Or Short? [View article]
    Ok gentlemen, let's give ARR onde more quarter to prove they can reverse the trend, meaning increase book value and dividends. If not abandon the ship as T bonds will go up as soon as QE is gone by Q4 and inflation approaches 2 pct....
    May 15 02:48 PM | Likes Like |Link to Comment
  • Mongolian Prime Minister Writes Letter To Rio Tinto Regarding Oyu Tolgoi Mine [View instapost]
    The question here is, Who is saying the truth ? Whenever politicians and big business are fighting for who gets the bigger share of the cake, both are lying so let's sit tight and wait for the outcoming
    May 15 02:01 PM | Likes Like |Link to Comment
  • Mr. Market Discounts Petrobras 50%, Time To Buy [View article]
    do not buy Petrobras now. Buy everything you can if in the coming october elections the current leftist president loses. Petrobras has been for years a government instrument to control inflation, among other things. Technically is a competent company and that´s about it, everything else is under direct government manipulation. The chairman of the board is the Finance Minister and the CEO was appointed by the president. Price increase decisions are taken by the president herself.
    The most recent Petrobras advertsing campaign on TV says crude oil production in 2020 will be 4.2 million barrels a day up from today´s 2.0 million (flat for 3 years already), not a single word about 2014 and 15, for example....!!!!!
    Feb 7 05:42 PM | 1 Like Like |Link to Comment
  • Cameco should benefit from increasing uranium demand, Barron's says [View news story]
    could it be related with the start up of the new mine, which was delayed already 2 times?
    Feb 7 05:25 PM | Likes Like |Link to Comment
  • Oi And Portugal Telecom: A Merger That Can Be A Great Opportunity [View article]
    Antonio

    with the forthcoming capital increase, is the stock price of OIBR going to go down once more?
    Feb 7 12:04 PM | Likes Like |Link to Comment
  • Mr. Market Discounts Petrobras 50%, Time To Buy [View article]
    As a Brazilian and an investor, I should say unless there is a government change in the forthcoming October presidential elections I would not recommend to be long on PBR, as what PBR needs is a significant price (correction) increase (gasoline and diesel oil) to offset cost increases and fuel imports losses and that will not happen because of inflation impact concerns besides political risk in view of growing quite disturbing social movements protesting about almost everything. So buy something else right now and let's talk about this again by the end of sept
    Jan 24 11:14 AM | 1 Like Like |Link to Comment
  • Mr. Market Discounts Petrobras 50%, Time To Buy [View article]
    As a Brazilian and an investor, I should say unless there is a government change in the forthcoming October presidential elections I would not recommend to be long on PBR, as what PBR needs is a significant price (correction) increase (gasoline and diesel oil) to offset cost increases and fuel imports losses and that will not happen because of inflation impact concerns besides political risk in view of growing quite disturbing social movements protesting about almost everything. So buy something else right now and let's talk about this again by the end of sept
    Jan 24 11:14 AM | 1 Like Like |Link to Comment
COMMENTS STATS
20 Comments
7 Likes