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Armanino Foods of Distinction Inc. Message Board

bellbell63 363 posts  |  Last Activity: 20 hours ago Member since: Apr 25, 1999
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  • Reply to

    No better offer.

    by bellbell63 Jun 19, 2015 9:12 AM
    bellbell63 bellbell63 Jun 19, 2015 9:20 AM Flag

    "Proceeding with the Recapitalization gives the Company the financial security and certainty needed to pursue its longer-term growth objectives at LDI," said Phil du Toit, President and CEO."

    So they get $25M bridge loan and $50 rights offers money. With the mill still shut down that won't last long. "longer-term..."????
    I'm pretty sure MOE won't let them resume operations at very high rate (more than 5000TPD) so that huge pile of ore will just sit there if the keep raising additional 5000TPD each day. I see a furlough coming to slow cash burn. Meanwhile PD prices have tanked.

    Still no update on spill or mill status. Guess it's just BAU at NAP. :-)

  • bellbell63 by bellbell63 Jun 19, 2015 9:12 AM Flag

    BAM moving ahead with re-cap plan. See PR on website.

  • Reply to

    Recapitalization Plan

    by nettlesm24 Jun 19, 2015 8:28 AM
    bellbell63 bellbell63 Jun 19, 2015 8:54 AM Flag

    R/S is built into the re-cap already. IMO BAM will buy out the 6% db and 2% common holders and then own 100%. They they can do whatever they please. With the latest TMF issues selling right now may be a hard sell.

  • Reply to

    PD price

    by bellbell63 Jun 18, 2015 11:55 AM
    bellbell63 bellbell63 Jun 18, 2015 9:12 PM Flag

    I have sold most of my SWC. Their earnings are highly leveraged to PD price as all miners are. Surely at 600 they won't make much money. SWC a little hard to analyze since many of their numbers are combined PD/PT. Could do it if I had the urge.

  • Reply to

    PD price

    by bellbell63 Jun 18, 2015 11:55 AM
    bellbell63 bellbell63 Jun 18, 2015 4:19 PM Flag

    Well, you know my stance on PD - long term bear. Time after time the reasons for price rise never come to fruition. No one looks at the long term bear factors of which there are several. I have not seen an original thought about PD macro issues for a couple of years.

    I didn't say 600 was imminent , just that as I read the TeA leaves if 700 breaks next support is 600. How long it will take to test this support ? Who knows, maybe never happens. Right now, showing the various time scale charts to someone and asking them their buy/sell/hold opinion (not telling them they are charts of PD) and what do you think the answers will be?

    As for a 100 to 300koz deficient , IMO that is just background noise considering funds hold between 2 and 3 M oz at least and the downward macro issues.

  • Reply to

    Bigger players

    by bellbell63 Jun 18, 2015 11:45 AM
    bellbell63 bellbell63 Jun 18, 2015 2:44 PM Flag

    Unknown. Just seem to be bigger players today. Unusual to see bids/offers for more than 5000 shares. No news expected until Q2 earnings in mid-July.

  • Reply to

    Molycorp has real products that do sell

    by lusongshu Jun 18, 2015 11:09 AM
    bellbell63 bellbell63 Jun 18, 2015 12:19 PM Flag

    The Siemens "deal" is not directly with Siemens. MCP supplies REE to a Japanese company which turns it into the products Siemens needs. The Japaneses company probably adds the most value and will benefit the most. Who makes more money - they guy who sells wholesale cheese (2.25/lb) or the guy who sells ONE plain slice for 2.00?

  • bellbell63 by bellbell63 Jun 18, 2015 11:55 AM Flag

    IMO in dangerous territory. If 700 doesn't hold 600 is not out of the question - especially with a strong(er) dollar.

  • bellbell63 by bellbell63 Jun 18, 2015 11:45 AM Flag

    Seem to be some bigger players around today. 2.30 x 2.31 19,000 x 10,000
    Maybe the bidder will get impatient and take 10K off the offer.

  • Reply to

    Magical thinking about North American Palladium

    by hanovi Jun 17, 2015 2:59 PM
    bellbell63 bellbell63 Jun 18, 2015 9:20 AM Flag

    "Bell will correct me and say it is every 3.5 seconds!"

    LOL As a fanatic for facts , the number in 2013 for the US was about 8.0 seconds. :-)

    What is interesting is that if you look at other destroyed stocks the message boards look exactly the same. Just change the symbol. MCP comes to mind. Stock down from $80 to .40 MCP history very similar to NAP - over budget, over schedule , underperforming projects, massive debt and mgt with no epts. The also faced a crash in the price of their products. Upcoming re-org there also.

    "When will the ever learn, when will they ever learn?"

  • Reply to

    Magical thinking about North American Palladium

    by hanovi Jun 17, 2015 2:59 PM
    bellbell63 bellbell63 Jun 17, 2015 3:42 PM Flag

    Same enchantment with a penny stock. People like to say they own 100,000 shares (of anything). Doesn't matter that NAP will soon be under .01 So they pay .035 and hope.

  • Reply to

    What happens after 30/6?

    by klessheim1 Jun 15, 2015 9:07 AM
    bellbell63 bellbell63 Jun 15, 2015 2:00 PM Flag

    It is very likely you will get more as a offset against gains than you will if you will hold it. If for example you bought at .50 you will have a .46 loss. In a 25% tax bracket that will be worth .12. PALDF would have to go to .16 to do as well as taking the loss. And if PALDF goes down more? The hardest part of investing is selling a losing stock - not only is it the money but the admission that you were wrong. That's what stops are for - to take the emotion out of it. GL

  • Reply to

    What happens after 30/6?

    by klessheim1 Jun 15, 2015 9:07 AM
    bellbell63 bellbell63 Jun 15, 2015 9:28 AM Flag

    First of all you will "get" nothing. You will keep the shares you have but additional shares will be issued to BAM and the deb holders so that current stockholders will then hold 2% of PAL vs the 100% they now hold. That would be a 50:1 dilution. It would not be unreasonable for the stock to then trade well under .01. Concurrent with this dilution there will be a reverse split - could be anywhere from 1:10 to 1:40 so when it happens the price mayl look higher but you will have many less shares.

    Also it doesn't matter how many shares holders there are but the number of shares they hold.

  • Reply to

    Contract rejected

    by bellbell63 Jun 11, 2015 8:47 AM
    bellbell63 bellbell63 Jun 13, 2015 11:29 AM Flag

    I agree. If 730 doesn't hold then 700 looks like next support and then I see nothing until 600. Strong dollar is a continuing headwind. Wonder how close the vote was.

  • Reply to

    Contract rejected

    by bellbell63 Jun 11, 2015 8:47 AM
    bellbell63 bellbell63 Jun 12, 2015 11:23 PM Flag

    I don't like a bonus tied only to something not under miners' control. If PD tanks can lead to bad feeling.
    A two pronged bonus tied to oz produced and Pd price (with a floor) might be better. But that is very close to profit sharing bonus which might be the simpler solution.

  • Reply to

    Some more info

    by bellbell63 Jun 12, 2015 3:36 PM
    bellbell63 bellbell63 Jun 12, 2015 3:58 PM Flag

    I didn't mention it (or anything else) because I have no first hand knowledge. Just quoting the CBC article. You beef is with them (and NAP for not releasing info that clarifies (!) the situation).

  • bellbell63 by bellbell63 Jun 12, 2015 3:36 PM Flag

    cbc DOT CA /news/canada/thunder-bay/lac-des-iles-tailings-pond-overflow-raises-concerns-1.3104275

    "The Ministry of the Environment says the release so far involves 120,000 cubic metres of water, with elevated levels of suspended solids, aluminum and iron."

    For those metrically challenged 120,000 cubic meters is 31.7 million gallons = 120M liters

  • Reply to

    Tic... Toc... Tic... Toc...

    by the_truth_4 Jun 12, 2015 12:05 PM
    bellbell63 bellbell63 Jun 12, 2015 2:46 PM Flag

    No thanks, we have gotten plenty of schist from NAP mgt.

  • Reply to

    Tic... Toc... Tic... Toc...

    by the_truth_4 Jun 12, 2015 12:05 PM
    bellbell63 bellbell63 Jun 12, 2015 12:42 PM Flag

    More likely just 2% of a lump of coal. At current coal prices that will be about .001

  • Reply to

    Divvy

    by bellbell63 Jun 10, 2015 1:27 PM
    bellbell63 bellbell63 Jun 11, 2015 3:10 PM Flag

    Announced regular .018 Ex-div date should be 6/30.

AMNF
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