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Verizon Communications Inc. Message Board

bellbell63 798 posts  |  Last Activity: 12 hours ago Member since: Apr 25, 1999
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  • Reply to

    Divvy?

    by bellbell63 22 hours ago
    bellbell63 bellbell63 12 hours ago Flag

    IMO at least one more .018/share. Next div announcement is early June. By then they will know Q1 and a good part of Q2. If the numbers warrant IMO .02 then.

    Now that div close to .02, did anyone notice if they did the ex-div day opening markdown?
    Will watch it on next ex-div date.which I believe should be Friday March 27th.

  • Reply to

    Pumping Cheese On Yahoo

    by cbe7891 22 hours ago
    bellbell63 bellbell63 20 hours ago Flag

    There is much more in P2 than just deepening the shaft. You need all the ramps to get to the additional crusher, a loading pocket, stope development, additional ventilation If they say 250M be assured it will be at least that. It will also interrupt P1 operations for a while but I don;t know exactly how long. Shaft is 7m (22 ft) in diameter not 8x8 ft.

  • Reply to

    Pumping Cheese On Yahoo

    by cbe7891 22 hours ago
    bellbell63 bellbell63 20 hours ago Flag

    I don't agree with all your numbers but I do agree they have chosen to survive rather than thrive.

  • Reply to

    Pumping Cheese On Yahoo

    by cbe7891 22 hours ago
    bellbell63 bellbell63 21 hours ago Flag

    If you look at the slide presentation with the recent cc Pd oz won't exceed 220Koz or so even WITH the (successful) pit operations and will be flat for about 4 years and then go down.

    Honestly do you think P2 will ever happen? Where will the 150M needed come from?

    Looks like they are changing their focus from an UG miner to a high-volume low-grade lower-risk lower capex pit miner model. This is not necessarily bad, but with PAL it is always about execution of whatever the plan is.

  • bellbell63 by bellbell63 22 hours ago Flag

    OK. They got up. Had breakfast. Went to office. Time for div announcement. :-)

  • bellbell63 bellbell63 Mar 4, 2015 2:59 PM Flag

    "The platinum is what produces the money to pay back the loan + interest. In my case"
    There is no loan (yet). The recent "loan" is LOC to bridge the gap between selling PM's and getting paid.
    Won't be drawn against until production starts IMO it is a tight race between money spent to complete and start of production. I have never been on a significant size project that wasn't over budget and behind schedule. So I would push statr of production into early 2016.

  • bellbell63 bellbell63 Mar 4, 2015 11:34 AM Flag

    I have no problem with you downsizing. No I don;t have a mtg anymore. Just questioning whether PAL (or any other penny stock) is the place for you. I understand the thought process - if I had only $10 left would I put it in the bank or buy a lottery ticket? A ticket of course. Just don;t get blinded by the possibility of a big score cause it could also be a big bust. No one knows.

    Stocks fluctuate. Sometimes you get flucted.

    GL

  • bellbell63 bellbell63 Mar 4, 2015 11:06 AM Flag

    "However soon I am selling my house and investment property and downsizing my home to simplify my debt load. "

    And you are thinking about investing in PAL (or any other penny stock?) That's scary.

  • Reply to

    Payout ratios

    by bellbell63 Mar 1, 2015 10:57 AM
    bellbell63 bellbell63 Mar 4, 2015 12:49 AM Flag

    My "Rule of 72" (my age) is enjoy it now. Have to sell something to create 3k/month to withdraw and I am overweight in AMNF anyway.

  • Reply to

    Payout ratios

    by bellbell63 Mar 1, 2015 10:57 AM
    bellbell63 bellbell63 Mar 3, 2015 4:16 PM Flag

    They do increase the reg div regularly - usually more often than annually. I think they sometimes want to return cash but don't want to make big jump in reg div but hold steady pace. One of the specials was for tax reasons - to try and get the div in before law changed (back)to tax divs back at normal income rate - as it turned out special treatment of qualified div continued.

    As for bolt-on I would go for something that does not need refrig or be frozen. Would make it easier to expand geographically and expand brand awareness. Then follow up with their usual line after relationship are established.

    I have finally figured an exit strategy. IRS regs require me to take 3k/month out of my IRA. So selling 1500 shares per month I will be out in 7 years. :-)

  • Reply to

    Payout ratios

    by bellbell63 Mar 1, 2015 10:57 AM
    bellbell63 bellbell63 Mar 3, 2015 4:03 PM Flag

    I think Yahoo should record the ID of the thumber and if you right click on the thumb you should see a drop down list of those who did it. I'm pretty sure there is someone who follows me around and thumbs down all my posts. I don;'t mind a TD , but would like to know why - a constructive reply would be so much better. But some immature people like to give others the finger.

    Div announcement coming Thurs I think - usually around 11-12 AM EST. Before mkt open is just too early for those laid back west coasters to get up. :-)

  • Reply to

    Payout ratios

    by bellbell63 Mar 1, 2015 10:57 AM
    bellbell63 bellbell63 Mar 3, 2015 2:29 PM Flag

    Good points. I'm not too concerned about the sellout-keep decision. They don't need a new CEO for that. Plenty of advisors if that is the way they want to go.
    Clearly there has to be a succession plan - even if internal. Maybe there is but not public. Just would not like to be caught by surprise by anything unfortunate.

  • Reply to

    Payout ratios

    by bellbell63 Mar 1, 2015 10:57 AM
    bellbell63 bellbell63 Mar 3, 2015 12:30 PM Flag

    Yeah, a succession plan or retire/hire combo would be interesting. But wouldn't anyone the BOD hires have to pretty much agree with their current philosophy? My first purchase of AMNF was nov 2009 at .44 My avg is 1.31 on a lot of shares. I have no problem averaging up - I sleep much better than those who average down.

  • Reply to

    Phil talks

    by skittle12345 Mar 2, 2015 5:56 PM
    bellbell63 bellbell63 Mar 2, 2015 9:09 PM Flag

    From the financials hard to see how they could be putting anything aside. Cash down from 12M to 4M. LT debt increased by 26M. To be honest (not bashing) I don't see what they are using for cash right now. The weak CAD gave them a little breathing room.

    Q1 report will be revealing one way or the other. So far Q1 avg PD price not much diff from Q4/14. (790 vs 788). Right now they are leveraged more to the FX rate than to Pd. That doesn't give you much control over your business.

    High level look it seems they are going the conservative path - more ore from pits - trading lower grade for lower costs - and likely less variance. P2 IMO will never happen -too expensive and too risky. Yet just a few conf calls ago PdT said P2 was vital to realize the full potential of LDI. Now it's the near surface zones (PL, VT,Sheriff,etc) that are the emphasis. Whatever direction they go , execution is still the key.

    GLTA

  • Reply to

    Phil talks

    by skittle12345 Mar 2, 2015 5:56 PM
    bellbell63 bellbell63 Mar 2, 2015 7:53 PM Flag

    It would nice if you would remember what was actually said. I have always agreed that stronger USD increased PAL CAD revenue. I just pointed out the other side of the coin - each .01 increases in the USD grows their interest costs by about 325K CAD and their outstanding debt by about 2M CAD.
    But he (and you) found it convenient to omit that. So increase in debt cancels out increase in revenue, not in the short term since rev is now and re-payment of debt is 2017. So if they use the increase in CAD to pay costs rather than put it aside for eventual debt retirement the final reckoning in 2017 is that much worse. Despite the CAD weakness in Q4 they still managed to lose 11M in Q4.

    Must be terrible to run a business where your survival depends on FX and commodity changes and not on what you do.

    What is your estimate for the amount of the upcoming financing?

  • bellbell63 bellbell63 Mar 2, 2015 5:42 PM Flag

    " As it stands, PAL is still 100% off its recent lows and only 32% off it's highs."
    Voodoo math. So a stock that goes from .20 to .04 and then recovers to .10 is a good investment because it is 150% off lows but only 50% off high? So quick - sell it and make 150%-50% = 100%.
    FREE MONEY.

  • Reply to

    Payout ratios

    by bellbell63 Mar 1, 2015 10:57 AM
    bellbell63 bellbell63 Mar 2, 2015 5:27 PM Flag

    Who is the nitwit who gave this post a thumbs down. Someone asked a question and I answered it with factc from annual statements. Why is that a thumbs down? If you have a comment make it. If you disagree with the numbers please correct them. Otherwise you know what you can do with your thumb.

  • Reply to

    Spot price over $830 care to comment

    by skittle12345 Mar 2, 2015 10:46 AM
    bellbell63 bellbell63 Mar 2, 2015 3:15 PM Flag

    Store2 might have better POTENTIAL margins but sales would be 0.

  • Reply to

    Palladium is actually $1000 Canadian!!!!

    by caddy1950 Mar 2, 2015 12:55 AM
    bellbell63 bellbell63 Mar 2, 2015 10:47 AM Flag

    "They represent $6.5 million a quarter"
    PAL statements clealy state that all amounts are in CAD unless specified otherwise. So their qtr intererst payments in CAD are just about $8M CAD.

    "The company earned nearly $22 million dollars in Q4 "
    Then why did their statement show a loss of 11M? (PAge 11 of the annual report) More spittle voodooo economics.

  • Reply to

    Palladium is actually $1000 Canadian!!!!

    by caddy1950 Mar 2, 2015 12:55 AM
    bellbell63 bellbell63 Mar 2, 2015 10:13 AM Flag

    If I were the devil's advocate I would be on PdT side. Every 3 months their focus, strategy and plan keeps changing. They are a FIRE, AIM, READY style of mgt.
    Their statements have a half life of 6 months. If you are in get out. If you are out, stay out.

    Sentiment: Strong Sell

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