Earning have been a bit choppy (seasonal?)
IMO 3.00 too high even with .035. Expect earnings sometime after noon Thurs 16th.
I will take 2.65 by year end. Better yet a buy out at 3.00 :-)
Energy costs should be down but wonder if egg cost spike will affect them.
I'm confused. Seems Khoury is running both shows - CEO of KLX and COB of BEAV. Thought he would be detaching from BEAV. So what has changed other than he can't use BEAV money on the KLX side? Will BEAV strategy and marketing change?
Yes, a paradox - a large bid make induce a seller to act. And a large offer may induce a buyer to act. Especially in a market with very little level 2 depth info. You can of course put in an order with a min quantity to avoid the small fill. Such as sell 10000, min qty 2500.
Even though the bid size may only be 500 these MM often can scrape up shares. There is often more shares than shown - the min qty is protection just in case there aren't.
Actually my bearish stance on PD was/is fundamental (more on that later) The chart just was my way of estimating how far it might go. And current situation in China IMP just accelerated a process I believe was ongoing even before the recent crash and Greece.
Agree. Micro cap OTC can be very volatile. 5% range today. Next news is Q2 result around 7/19.
There are sellers around now. Spread is about 5%. Now=2:57
When something seems to good to be true is usually isn't. Gotta be something we don't know or understand.
Isn't there a FAA and other certification needed that may take quite a long time. BEAV would have time to ramp up.
Short term BEAV problem is unhedged strong USD. Blame that on the CFO not Khoury.
Just an observation: You seem to be emotionally involved here - not good thing. Sound like ex-employee with a grudge.
On the basis of the milling PR. I expect a several cent pop in the price. This will be a classic bear trap catching the unwary. Even if the PR were achievable , the uninformed do not understand that any theoretical earnings they calculate will be diluted by a factor of 50 in the court approved re-org plan at the end of June. This 50:1 has nothing to due with the R/S that is also part of the re-org plan. THis 50:1 arises from that fact that shockholders that now own 100% of PAL will only own 2% after the re-org.
The Plan of Arrangement will require the approval of 66 2 ⁄ 3 % of the principal amount of the Debentures held by holders who attend the meeting in person or by proxy.
Shareholder Approval The Plan of Arrangement will require the approval of 66 2 ⁄ 3 % of Common Shares held by holders who attend the meeting in person or by proxy.
Note that it is not 2/3 of the db or shares but 2/3 of those that attend in person or by proxy. PAL has previously said that they already have 54% of the db holders approval.
Very very unlikely that will be voted down.
"The affluent that came out of the tails..."
I think you mean effluent. Although this whole deal will make some people affluent.
"With the grade of 4 g/t at 13kt per day thats $1.1M per day"
That's just during the workdown period using all UG ore.
So the TMF which was just about at capacity and needed expansion (before the problems) now MAGICALLY can immediately handle 13000 TPD for a month and 8400TPD indefinitely? Enter the lawyers?
If the 2015 plan was 8400TPD and the shaft seems to be only able to do 5000TPD, 3400TPD must be the RGO. So once the stockpile workdown is done :
5000 TPD x 4g x .83 = 535 oz/day
3400 TPD x 1g x .83 = 91 oz /day
Normal revenue (at 700 USD/oz and +30% for byproducts and USD at 1.25 CAD)
= 626 oz x 700 x 1.3 x 1.25 = $712K CAD per day.
If their cash cost drop a bit they might be able to make a little money - too bad the current stockholders will not benefit.
When the time comes to vote shareholders can vote NO and end up with nothing or vote YES and take a 98% haircut.
I hear ya but my portfolios' bottom line doesn't look any better because of what might be.
Reality is that in a year while market has been up , value of BEAV + 1/2KLXI =73 vs high 80's before split - down about 15%. Still not convinced.
I really had no problem with old BAEV and Khoury. I see no problem with one division helping another grow - companies do that all the time.
So now you have one company with excess cash that is difficult to use to grow (growth more dependent on external factors) and another company that needs cash to grow (by acquisition) Seems like a good fit.
If they do not have or can't find a buyer soon how much longer will BAM continue to pour money into LDI. Tailings fix as you say will take $15M + continued other capex and not clear they can make money at $700USD PD and byproducts way down. Meanwhile if they are still raising ore their major costs (labor+energy) continue. Raising ore at your cost for someone else's benefit has to hurt. PALDF solidly under .03 now and I see no reason why it should not be well under .01. I wonder at what rate MOECC will let them restart mill so they can start to work off ore backlog.
Looks like the sellers have stepped away and some good bids are appearing (5000 @ 2.23).
Next significant event is Q2 report around 7/12.