Recent

% | $
Quotes you view appear here for quick access.

Andatee China Marine Fuel Services Corporation Message Board

barsolid77 30 posts  |  Last Activity: 12 hours ago Member since: Feb 23, 2011
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    barsolid77 barsolid77 12 hours ago Flag

    Natasha, I grow weary of this discussion about trivia, but since I do know how long you've been here I'll respond. I agree that Jason is not without sin, but I guess considering the difficulties involved in the present situation and his relative inexperience I'm just willingly to cut him more slack than you are. I also see very significant improvement in his attitude and capabilities while most of you seem very set on re-living past mistakes. Just a difference in emphasis. As always, glta

  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    barsolid77 barsolid77 Mar 26, 2015 7:44 PM Flag

    all things considered. People who take those kind of risks (repeatedly I might add) are known to be sort of nutsy so expecting Bill to maintain the same standards as someone like Jack Welch was never really to be expected. I am even pretty brave and entrepreneurial but going out into the middle of southern Mexico on the side of a mountain and deciding to just dig some holes cause "we're gonna find gold/silver!!" takes a different type of viewpoint, which yes, does sometimes cross lines that stop others.

    Again, I see Jason, doing exactly what we hoped in removing the crazy father and growing into the position and picking at tiny scabs while he is in the middle of a major fire fight just seems less than productive to me. As always, glty

  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    barsolid77 barsolid77 Mar 26, 2015 7:36 PM Flag

    Ok, but I respectfully disagree. I in no way see this transaction as material, again I understand the thinking from a protecting assets point of view, Jason is desperately continuing to pay a dividend which to me at least is close to untenable in this pricing environment. He has stopped with pretty much all of the mouthing off and even has stopped stuttering when discussing this company and even seems to have some idea of what he is talking about, which as we both know was much less true a couple of years ago. This transaction is equal to about .05 in the price of silver at most and with the dore, switchback, PM pricing, water/Co2 problems, etc. I would be furious if they wasted their time even bothering with this trivia. Sorry, I see this entire conversation as equivalent to discussing what type of company cars they buy. Completely meaningless and in no way representative of any cronyism, self dealing, etc. In fact I see just the opposite. I see Jason establishing himself, attempting to do the right thing and even doing so regularly, all the while reining in Bill and pushing him out of the way without tearing the company or family to shreds. Quite the tightrope.
    And then in the end I also disagree at least partially about this labeling of Bill as some type of demon/devil. I do agree that some of his actions were quite questionable and if he was still in charge I would have a different opinion about the company and I believe that you remember that I was unhappy about his behavior at the time it occurred so these #$%$ now charging me with blind acceptance of Bill were not around when I was ranting viciously about the abuses that were occurring and specifically the operation shortfalls. But having said this one also has to give credit where due. Bill and Dave sold 50 million shares at $1.00/share and now have returned $102 million dollars and have a profitable operation with about $160 million in market value, and a reasonable future (next page)

  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    barsolid77 barsolid77 Mar 26, 2015 12:58 AM Flag

    YOu are all discussing a building in Colorado Springs (Colorado Springs!!), even people from Denver look down on Colorado Spring. Have any of you even been to Colorado Springs. Five Ice Skating rinks and the Broadmoor Center and a bunch of clean, mostly military and middle class conservative neighborhoods. Some libraries, people still read there, nice kid's parks, absolutely nothing with the least bit of cache (nothing, just the idea is foreign). Jets flying overhead (military, all day long. I thought of selling my over priced house in Santa Fe and moving there with the profits. I like the place, but then I've never been mistaken for anyone who counts or gives a d-mn. You all should just get a life. Lol continuously.

  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    barsolid77 barsolid77 Mar 26, 2015 12:18 AM Flag

    Silver has fallen from close to $50 to right now slightly under $17 (and this is after a rally)and the dirt that inhabits this board is finding fault, while the company puts up better than the good fight, despite huge odds against them. Such a stench surrounding these biased comments of IP daily, etc. makes it obvious that they do so as it is their job to do so and he and others are being paid to continue this circus. Again, it is below you to kick this horse while it is down. bye to all

  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    barsolid77 barsolid77 Mar 26, 2015 12:09 AM Flag

    Just one other point, Bill is really pretty much gone and however little bit he still is involved will soon be eliminated. Considering that there was no company or mine when he started and that there is a now a profitable enterprise (even in a horrendous pricing environment) some credit must be given. Is Bill trustworthy??, probably less rather than more, but again everyone is discussing #$%$ from years ago. Are we claiming that Jason is some sort of Manchurian Candidate, willing to destroy everything he personally believes on the utterance of a keyword. The implied character assassination occurring on this board is unforgivable and Bead you should be ashamed of cursing the son with the sins of the father. I believed better of you. If people want to find fault with "Present management" I will be happy to respond, but this BS is just demeaning to all concerned and deserves absolutely no respect or answer.

  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    barsolid77 barsolid77 Mar 25, 2015 11:11 PM Flag

    Something that might affect Goro is the new war in the Middle East with Saudi Arabia taking on Yemen (Really Iranian groups within Yemen) which is causing oil to immediately jump which might lead to extra costs for Goro or might lead to a PM pricing rally that correlates with oil which might lead to more profits, or might lead to Obama and the Neo-cons going nutsy and deciding to finally take on the #$%$s in Iran which leads to a huge Middle eastern problem as most of the new oil to be found in in either #$%$ or Russian hands. The old oil is in Sunni hands, but with the loss of Southern Iraq to the Iranis and northern Iraq oil to the Kurds (both #$%$ controlled areas) the only really concentrations of Sunni oil are Kuwait and Saudi both of whose oil fields are aging. WE also have the Qatar gas, but without the pipeline to Europe through Syria most of this gas will have to go to either India or China depending on future pipeline development. So many questions and so few answers and we are worrying about a cardbox with some copy machines.
    And if the oil from the Middle East goes to China do we close the straits of Malacca with our navy bringing on a Southeast Asia war with Singapore in the balance much like what occurred in 1940. And if so do the Australians really decide to fight with us this time even though we are completely in the wrong and they now have a huge immigrant Chinese population in their country and surrounding areas. Yes, let's worry about the Headquarters, straight sarcasm. Lol
    Just Blows my mind. bye all

  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    barsolid77 barsolid77 Mar 25, 2015 10:48 PM Flag

    Bead, there is nothing here. Property values in Colorado Springs are probably up a tiny bit, but there has really not been any significant rebound and whether the company could have gotten more and still maintained the office is a meaningless and unanswerable question. Who, how much, when, how??

    As far as moving this to the Trust rather than in the company, remember that business owners do stuff like this all the time. I myself have done it so as to protect assets in the case of some type of unexpected downturn in the company business. Next we will be questioning the use of company vehicles.

    Probably a bunch of the depreciation profit had been used up and so the transfer starts the clock running again for some accelerated depreciation.

    The only negative that I see with this that is at all significant is that management obviously has some small worries that the asset in question might need protecting, with the implication being that Goro itself is at financial risk. Obviously that is something that should be watched closely with the very depressed pricing, but so far I do not see bankruptcy looming nearby. As always, Jmho.

    BTW, I am not going to be drawn into any tiresome discussions about meaningless trivia about the Headquarters. For years now we've been hearing about it and in the end of the story the headquarters cost about the same as a drilling machine (one not several, this is a real company with real equipment, some frame and sheetrock walled buildings are not significant, what is significant is the price of Silver). Get a clue, separate the wheat from the chaff.

  • Reply to

    Record year in a down market.

    by fedkeepsprinting Mar 24, 2015 7:39 AM
    barsolid77 barsolid77 Mar 24, 2015 2:08 PM Flag

    NO, that is not true. David definitely has retired and moved on with around $10million though I believe he still holds a few million shares, and the family in total also cashed out part of their holdings, and I must agree that they did this in a manner that was less than totally supportive of shareholders values.
    But using the term "exit" when the Reids still own around 17 million shares (?? open to a correction, I don't keep track of the exact number) and when Jason and Bill are still seriously involved in running the company seems to be overstating the case by a significant amount.
    Again, nothing interesting being said, with the same mis-analysis being presented as fact so I'll be back when some further results come out.

    Like watching paint dry, while standing in the rain. Lol and gl

  • Reply to

    Paid bashers and the 4Q numbers

    by fedkeepsprinting Mar 21, 2015 11:04 AM
    barsolid77 barsolid77 Mar 23, 2015 6:43 PM Flag

    blah.blah,blah. bye, same old bs

  • Reply to

    Paid bashers and the 4Q numbers

    by fedkeepsprinting Mar 21, 2015 11:04 AM
    barsolid77 barsolid77 Mar 23, 2015 2:21 PM Flag

    Natasha, It takes only 18 years to get back investment at 4% not 25, do the math please, you are embarrassing yourself and those numbers especially do demonstrate that the company is really doing rather okay considering the market conditions. Management has made huge investments in the infrastructure of the plant which is crucial when considering the cash issue, the grades when accounting for the extra digging being done on expanding toward the Switchback location which is 500 yards away (and worthless dirt) and the increase in base metal and especially zinc production balances out the rather minor fall off in grades and has been specifically stated by management as one of their goals.

    Now it is one of your and the shorts points that management is untrustworthy and that it is therefore not intelligent to depend on the information that they provide and after the behavior of Bill, I can understand this perspective, but if that is your premise then just stick to it as you have been doing. Picking your supporting data in a cherry picked fashion and then misrepresenting it is below you. Also BTW, the company achieved the numbers that you stated in a price environment where silver dropped from close to $50/ oz to around $16+/- and gold from around $1900 to around $1150, with the added help that base metals also fell. Again, one can easily find fault with investing in any stock in the PM production area due to this depressed pricing environment, but specifically pointing to Goro's present results as some sort of failure is just disingenuous at best. They are staying out of debt and profitable with infrastructure and mine area development continuing while many others are either closing facilities, going under, or borrowing to continue operations. Could they be labeled only a slightly cleaner shirt in a very dirty laundry?, Absolutely!, still they are that and denying this reality makes this board useless. BTW, glta Lol

  • barsolid77 barsolid77 Mar 16, 2015 2:00 PM Flag

    Juan Flores and his incompetence, the lack of planning for water and CO2 issues as depth increased, lack of management controls over different processes, etc. So much so that I was accused for quite a while of being a short in disguise. I also have never been one of the cheerleaders stating that gold/silver prices were going to the moon tomorrow.

    Most of you are looking at this as an investment. Very reasonable. I am looking at it as a business, which is going through the growing pains of a smaller new business, but which I hope longer term will reward me. We will see. Oh and Bead, thanks for the good word and glty

    P.S. Totally off point, I found the best rendition of "Send in the Clowns" by Sondheim, being sung by none other than Judy Dench in a 1995 revival of "A Little Night Music" by Southside Theater Company. If anyone is interested take a listen to a true talent, and no I am not Gay. Not even a little, Lol

  • barsolid77 barsolid77 Mar 16, 2015 1:00 PM Flag

    Sam, you and IP and several others have made an endless stream of personal attacks on me part of your standard operating procedure. Yes, I sometimes loss patience and respond with less class than usual. I am human after all, but to quote Shakespeare, "The lady doth protest too much, methinks." , speaking of you and your ilk. Lol
    And just while I am here I will comment on Bead's statement.

    I do agree that I am analyzing Goro differently than many, but it is not as much an intuitive process as Bead presented. And obviously so far my basis for analysis has not been especially successful (irony, Lol), but having said that I would like to clarify the process one more time so that others can avoid using it and thereby avoid my mistakes (partial irony).

    Where most are using financial reported results (a very reasonable process, BTW) I am looking, more closely, at some other parameters. This does not make them intuitive. The parameters I follow are more blue collar reality based than the financial docs. I believe that the financial docs are biased toward the past and I am looking for possible indicators that will tell me something about what might occur in the Goro business model over the next few years. These indicators include number of working faces, grade levels, depth and area mine shaft development, infrastructure development (without debt), drill results, development of management skill set, etc. While the improvements that I have seen in these areas have not yet affected the stock price, assuming that they never will seems short sighted to me. Also considering the market segment, Goro has not performed as badly as many, which is of little help when one is losing money, but still.

    Additional, as I suspect Bead remembers, though others have not been here long enough to know, I was viciously combative about some of the earlier management abuses that occurred. The mine flooding and closing due to grading issues, (next page).

  • Reply to

    More English language--Pumping Press Releases

    by engynear Feb 15, 2015 11:07 PM
    barsolid77 barsolid77 Feb 18, 2015 8:49 PM Flag

    If you buy Goro again, I'll eat my hat, Lol. Makes no sense for you. Thanks for the pleasantries and yes, I'm working on my patent attorneys, so I really have something much more meaningful and important to concern me than Jason. I do look at filings BTW, just see them differently and only time will determine the truth. I like your sport analogy. Very close to how I see it. For me hanging around counts, for others not so much. Watch for my "Building wings" a couple of years from now, can't say any more until "Patent Pending", but you'll know when and if you ever see them, and as always, glty

  • Reply to

    More English language--Pumping Press Releases

    by engynear Feb 15, 2015 11:07 PM
    barsolid77 barsolid77 Feb 18, 2015 4:49 PM Flag

    Hey Bead, thanks for that small sign of respect, (really not sarcastic). As I am sure you remember I stated two years (or more?) ago that the company was on "cruise control" and I remember that you were less than pleased by this statement. MY whole point here is with silver at 16.41 Goro isn't going to really do anything and that credit should be given for maintaining an even keel through this storm. I do completely understand why someone would not invest here, and even mostly agree, but that doesn't make this the stupidest buy since the stone ages. Especially at 3.50.

    Since I personally have run companies through incredibly bad market conditions where staying open every day was a major victory. Side note: How about losing the entire clientele of the company due to their disappearing due to market conditions (no fault of ours) and having to replace the entire clientele every year with new clientele in order to just maintain steady revenues. That was a difficult couple of years.

    I personally see Goro in a similar situation. Just time to grind it out and wait and from this point of view they are doing Ok. Not great or anything, but better than many. Also the problem with some of the quantitative measures during this process is that it is often very difficult to make advantageous moves, since the cash and risk problems are so great.
    Goro over the last couple of years has been steady in terms of real tonnage and output while extending the ramped areas, number of faces, mill capabilities, explored areas, etc. And management has behaved at least decently during this time. There is no money to be made at 16.41 silver. Whether output is 80,000 or 180,000. Not really. Yes, you can spreadsheet a scenario with higher profits but that is just paper. In real life pushing production higher with no real profit edge just complicates the situation.
    Also just a BTW, someone has been accumulating at these prices. Check the CMF chart. glta

  • Reply to

    Twisting the English language

    by engynear Feb 14, 2015 5:26 PM
    barsolid77 barsolid77 Feb 15, 2015 3:27 PM Flag

    The final ozeq is very much dependent on the gold/silver ratio which is outside of the control of Jason or anyone else. When the ratio is over 70 and you produce two times as much silver as gold then the larger ratio number is going to very seriously affect the final stated number. This price ratio is outside of the control of the company. If one restates the numbers using a ratio of 42/1 (yes, and if cows could fly) then the output approaches 30,000 ozeq. In other words the gross production coming out of the mine in terms of dirt, ore grades, etc. has really not changed at all, even with the decreases in payroll. Now if the ratio had stayed around the 50/1 number then yes, you would have a good point that they misinformed about the production situation, but considering the collapse in Silver prices I am perfectly satisfied that production is holding steady. Really, I do expect better from you, you do have the math skills.
    As I've been stating for over a year (close to two years now), Nothing is changing other than a slow expansion of mining areas while the company holds on through this time of severe pricing pressures. Why that rather conservative and measured analysis inspires such overworked responses is beyond me. You all should find something more interesting to do with your time. and as always, glta

  • Reply to

    selling pressure

    by rj_giambi Feb 12, 2015 1:58 PM
    barsolid77 barsolid77 Feb 13, 2015 3:22 PM Flag

    Since you decided to be civil for a change I will respond. See, good behavior gets rewarded.
    As always, you bring up facts from the distant past. I really don't care about Dave or Bill at this point or what might have occurred 2-4 years ago. Water well under the bridge. I see Jason (young blood, maybe stupid blood, but young, Lol) and I count working faces, grades, etc. Progress has been steady and I see no present signs of a continuation of past behaviors. Everyone seems to be hard working and doing their best. Whether it will be good enough is hard to determine, but five years from now we will know. Also no one knows the future of PM prices. You claim they will be down for decades, while I believe that we will get some movement in prices before then. Again, hard to tell.
    I do like that they are slowly expanding, and generating capabilities and new areas while going through this difficult time. You give them no credit for that, not sure why?
    Also as someone who has stayed at the Broadmoor and used to visit Colorado Springs regularly and still lives close by (I even have considered moving there permanently) your representation of the Goro Offices is more than a tad over the top. Trust me when I say that one would be hard put to find a more blue collar/ military base sort of place than Colorado Springs. This really isn't Boulder. Trendy in Colorado Springs probably means that one is driving a newer Chevy Tahoe. The Reids could have probably spent more on a 1000 sq. ft office in a major city, than the headquarters cost. As far as them using the company as their personal ATM, well there is some truth in that. More so in the past than right now. As always, we will see, but at $3.50 and no debt I am holding to my position of slow accumulation. Others will have their own opinions.

  • Reply to

    selling pressure

    by rj_giambi Feb 12, 2015 1:58 PM
    barsolid77 barsolid77 Feb 12, 2015 8:14 PM Flag

    Also because Goro really hasn't shown investors anything to bother hurrying to buy in. Production flat, pricing weak, not exactly setting the world on fire there. At least stable, but that really doesn't tend to cause the share price to move. It is gonna be a long wait, especially since other big investors are probably also experiencing cash flow issues which might easily lead to further selling. Very long term. Lol

  • Reply to

    $40+ by 2020

    by barsolid77 Jan 10, 2015 6:22 PM
    barsolid77 barsolid77 Jan 26, 2015 7:29 PM Flag

    I disagree with a lot of what you are saying, but not for a decade or so, therefore we will see, but having said that, I do completely agree with your last statement that this is not a good reason to hold Goro. Waiting for the end of the American Empire feels a lot like "Waiting for Godot" at least to me. NO, my reasons are much more down to earth and have to do with valuations, some reasonable appreciation in PM prices due to massive fiat printing, and slow production increases. We will see how this turns out. glty

  • Reply to

    $40+ by 2020

    by barsolid77 Jan 10, 2015 6:22 PM
    barsolid77 barsolid77 Jan 26, 2015 2:11 PM Flag

    And BTW, if looking for timing on this collapse there are some historical guidelines with the most convincing being a sort of cost analysis based theory which simply states that when the interest payments on the debt are higher than the military budget then the downfall is imminent.
    This would imply interest payments of around $850 billion plus for this year. Since the interest payments around 2% on 18 trillion and possibly a bit less they are around $300-350 billion at this time which is a long way from above $850 billion.
    Realize though that the FED has artificially lowered borrowing costs for the U.S. Government by forcing through serious financial repression and massive money printing. If interest rates where at historical averages the interest costs could easily be above $500 billion and possibly even higher. With our 1 trillion dollar years additions to debt (average and yes the government is lying with the lower numbers, which is obvious if one just watched the real debt totals), and increasing, within 10 years we should be well above $30 trillion and quite possibly much higher and if we assume an historical average interest rate of around 4%+ we end up with interest payments in the $1.5 trillion range which will probably match if not surpass the military budget, which should really start the clock running.
    The crux of this is that the FED must keep interest rates well below the historical averages indefinitely which will depend and demand for the Dollar continuing at these high levels. NOt something that will last forever, but as always, Jmho

AMCF
1.16+0.0800(+7.41%)Mar 27 3:58 PMEDT