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Amgen, Inc. (AMGN) Message Board

blackboxfund 506 posts  |  Last Activity: Nov 5, 2013 4:57 PM Member since: May 8, 2012
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  • Shanghai. November 14. INTERFAX-CHINA – Inner Mongolia Baotou Steel Rare-Earth Hi-tech Co. Ltd. (Baotou) said Tuesday it plans to buy up seven rare earths products at a premium on current prices in a bid to support the sagging market for the minerals.

    As China’s largest rare earths producer, the Shanghai Stock Exchange-listed firm is usually put in charge of official stockpiling efforts for rare earths. The company was involved in a similar program in September last year.



    Huffington Post article....

    BEIJING -- China's biggest producer of rare earths is suspending production for one month in hopes of boosting slumping prices of the exotic minerals used in mobile phones and other high-tech products.

    This week's move by Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech might fuel tensions with the United States and Europe. They have questioned Beijing's decision announced earlier to limit exports while it tries to develop its own manufacturers of magnets and other products made of rare earths.

    In a statement through the Shanghai Stock Exchange, Baotou Steel said it wants to "balance supply and demand" after prices for rare earths fell amid uncertainty about the U.S. and European economic outlooks.

    Rare earths are a group of 17 minerals used in manufacturing flat-screen TVs, mobile phones, batteries for electric cars, wind turbines and weaponry.

    China has about 30 percent of global rare earth deposits but accounts for 97 percent of production. Beijing has alarmed global manufacturers by reducing exports, prompting pressure from Europe and the United States to treat foreign and domestic buyers equally.

    Baotou Steel accounts for 60 percent of China's rare earths production "so the impact on the market supply will be substantial," said Sun Fan, a rare earth analyst for Goldstate Securities in the southern city of Shenzhen.

    Sun said that Baotou Steel also plans to buy rare earths to support prices.

    "The dual measures of suspension and purchase will offer support for the rare earth prices and make the prices gradually pick up in the future," Sun said.

    In China, prices of some rare earths have fallen sharply since June.

    The price of neodymium oxide has declined 34 percent to $157 per kilogram, while europium oxide is down 35 percent at $2,904 per kilogram, according to Lynas Corp., an Australian rare earth producer.

    Beijing is merging its rare earths producers to tighten control over production, sales and pricing.

    It announced in June that Baotou Steel would become the only miner, refiner and seller of rare earths in the northern region of Inner Mongolia, a production center. It said 35 other companies there would be merged or closed.

    Sichuan province in the southwest and Shandong in the east also have abundant rare earths deposits.

    The United States, Canada and Australia also have rare earths but stopped mining them in the 1990s as lower-cost Chinese ores flooded the market.

    Since then, Chinese officials have been concerned that uncontrolled exports were allowing Western and Japanese producers of lightweight magnets and other products made of rare earths to capture most of the profits.

    Companies are restarting production in Canada, California, Russia and elsewhere but it will be some time until those supplies make it to market.

    In September, China's Ministry of Land and Resources ordered a further tightening of controls on exploration, mining and sales of rare earths, which it called China's "21st century treasure trove of new materials."

    Sentiment: Strong Buy

  • Enduring Attraction:
    America's Dependence On and Need to Secure Its Supply of Permanent Magnets

    By Justin C. Davey
    2 and 0

    Abstract

    Rare earth elements (REE), specifically rare earth magnets, are indispensable to the defense industry. The United States must confront a threat to its lead in the technological innovation of military applications that use permanent magnets, particularly as China, which produces 97 percent of REEs and controls 37 percent of known reserves, reduces its exports. The National Defense Stockpile should be reconfigured to provide a buffer supply of REEs. The Government should offer incentives to resurgent domestic REE mining and refining firms and must also curtail further sale and export of such U.S. companies to China. Simultaneously, the Government should continue funding research into permanent magnets using alternative materials that could balance the demand for REEs.
    The demand for REEs is steadily increasing in the world. Simultaneously, the supply of REEs is shrinking—or rather China, which annually produces 97 percent of the rare earth minerals on the world market and controls some 37 percent of the planet's known reserves,1 is steadily reducing its exports. China dramatically restricted its exports by 72 percent in the last 6 months of 2010 to satisfy its rapidly expanding national appetite for REEs.2 China is also progressively acquiring the industrial base to manufacture permanent magnets and their end products at the expense of American businesses, which China systematically purchases and relocates within its borders. The entire supply chain of REE permanent magnets is now in China.3

    As the American military and industrial sectors continue their move toward increased reliance on miniaturized high-performance electronics and strive to adopt more energy-efficient technologies, there are concerns that the United States may trade its reliance on Middle East oil for dependence on REEs from China. This article illustrates how REEs have become a deeply ingrained need throughout the American economy and, in particular, how rare earth magnets are now indispensable to the defense industry. It also explores how the United States should react to a threat to its lead in the technological innovation of military applications that use permanent magnets. In order to break the pattern of dependence on China, the United States should reconfigure its National Defense Stockpile (NDS) to provide a buffer supply of REEs to meet defense needs for 5 years, while providing government incentives such as tax breaks or loan guarantees to aid resurgent domestic REE mining and refining firms. It is critical the government also be on guard against further sale and export of such U.S. companies to China. Simultaneously, the United States should continue funding research into permanent magnets using alternative materials that could balance the demand for REEs.

    Rare Earth Elements

    REEs have been described as "vitamins of modern industry" because of their necessity and wide application across the fields of energy, defense, and computer technology.4 However, they are scarcely familiar to the general public. There are 17 minerals in the family of REEs: 15 from the chemical group known as lanthanides, plus scandium and yttrium.5 These elements share similar geochemical characteristics and are qualitatively comparable to the chemistry of aluminum.6 However, the slight variances in atomic structure between the REEs yield diverse optical, electrical, metallurgical, and magnetic properties that lend themselves to a vast and growing number of uses. Since there are only minor differences in their chemical properties, REEs are commonly found clustered in mineral deposits, but in widely varying concentrations.

    The term rare in REEs is not accurate. It persists due to a combination of misunderstanding and indifference that characterizes public perception. REEs are actually relatively abundant throughout the Earth's crust, about the same as some major industrial metals (copper, zinc, and chrome) and even greater than several precious metals (gold, silver, and platinum).7 Nevertheless, these deposits are not concentrated, at most ranging up to a few hundred parts per million by weight. Although REEs are present in most massive rock formations and sources exist around the world, such low concentrations make the mining and recovery processes difficult and expensive. Nor can the industrial base required for production be created quickly. From the time a deposit is discovered, it takes 10 to 15 years of development and construction of the infrastructure needed to establish a full-scale REE recovery operation.8 Consequently, it will require long-term vision and immediate action to wean the United States from its almost total dependence on foreign sources as world competition for REEs escalates.

    Sentiment: Strong Buy

  • Typical, I am just closing down the computer, late for a meeting near London, when Xinhua online English language edition, carries news of China’s Ministry of Commerce new rare earth export quotas for the start of 2013. They total 15,501 metric tonnes, comprising 13,563 tonnes for light rare earths and 1,938 tonnes for the heavy rare earths. With much of 2012s quota unused, this probably won’t have the kind of impact of earlier announcements, but with Baotou Steel Rare-earth (Group) Hi-tech Co., Ltd., extending its REE production suspension for another month, due to this year’s REE price collapse, you never know.

    According to figures provided by Xinhua, the price of praseodymium-neodymium oxide, primarily used to make ceramics and magnetic materials, dropped to around 300,000 yuan (47,700 USD) from about 1.4 million yuan per tonne (222,000 USD) at the high point. In consequence Baotou Steel saw its third quarter net profits dive 89.6 percent year on year to 120 million yuan.

    With most of Europe in recession, and Japanese manufacturers in something of a Chinese rare earths boycott over an increasingly dangerous Japan v China fight over the Diaoyu/Senkaku Islands in the East China Sea, Japanese F-15s were scrambled again on Saturday after another Chinese maritime patrol aircraft flew within 150 kilometres of the islands, this quota announcement is likely to be met by a big yawn. (China’s foreign ministry issued a nasty statement in response, saying it’s military was monitoring Japan’s moves.)

    Still, with Japan’s new hard line nationalist government promissing to build on the disputed islands, something China has pledged not to allow, 2013 is looking unusually dangerous. Europe’s Nato air forces are reputed to have used up most of their supply of smart munitions in Libya, and are in desperate need of resupply ahead of any action in Syria or Iran. Perhaps some of this quota is needed after all.

    Sentiment: Strong Buy

  • Dec 10 (Reuters) - Australia's Lynas Corp must export waste material created by operations at its controversial rare earths plant in Malaysia or risk having its operating license revoked, four Malaysian ministers said in a joint statement on Monday.

    The statement followed local media reports citing Lynas Malaysia's managing director Mashal Ahmad as saying the company would not export residue from the plant, which began operations in late November after a series of legal hurdles.

    Sentiment: Strong Buy

  • look up the link Y ahoo will not let me post it ...but they will respond and track anyone down if they use a computer!

    Spreading false rumors is a key issue as you will see it described on the website!

    Sentiment: Strong Buy

  • SunPower Closes Acquisition of Tenesol SA
    Expands SunPower's Global Presence
    SAN JOSE, Calif., Jan. 31, 2012
    - SunPower Corp. (NASDAQ: SPWR), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems today announced it has completed its acquisition of the wholly-owned Total SA subsidiary Tenesol SA, a global solar provider headquartered in La Tour de Salvagny, France for $165.4 million in cash. Concurrently with the closing of this acquisition, Total purchased 18.6 million shares of SunPower common stock in a private placement at $8.80 per share. Total now owns approximately 66 percent of SunPower's common stock.
    "SunPower is well positioned to gain share during the current market transition with the addition of Tenesol's established European and global customer channels and strong manufacturing base in Europe and Africa," said Tom Werner, SunPower president and CEO. "Tenesol's well-established engineering and sales channels and strong team will complement SunPower's world-leading high efficiency, high reliability solar panels and systems global footprint."

  • Again ,if you predict Global Met Coal to fall in price then be short with the other 20 million shares !
    But if you think like or if you study the global reality from every possible angle , except for global collapse.
    Then you will realize that Walters Coal is going up in price in the long term ! So as I have said before I will start to sell at $ 66.66 !

    Sentiment: Strong Buy

  • This HUGE insider buying should put the E-House stock to $10+ within 4 months .... None of the stock analysts have ever seen a buyback like this, in my opinion. The company has to finish the buy program within one year of funding it seems from the wording of the press release.

    The management team has also indicated their willingness to undertake not to transfer or otherwise dispose of, directly or indirectly, any of the shares acquired in the proposed share issuance until 12 months following the consummation of the share issuance.

    E-House has also been authorized by the board to use up to all of the expected proceeds from the share issuance to management to repurchase the Company's ADSs on the open market

    Sentiment: Strong Buy

  • company.

    "Molycorp has made significant progress in recent years, culminating in the ramp up of Project Phoenix production capacity at our Mountain Pass facility and the implementation of its vertical integration strategy through the acquisition of Neo Materials, now Molycorp Canada," said Ross R. Bhappu, Chairman of the Board. "With Project Phoenix on track to achieve a Phase 1 run rate by the end of this month, and these significant accomplishments achieved, the Board of Directors believes Molycorp is at a natural inflection point, as it transitions its focus from development to ongoing operations, to bring in a proven business leader with industry experience, a track record of operational excellence and management experience to execute Molycorp's strategy. We are confident we can find a permanent Chief Executive Officer with the expertise and credibility to maximize our great potential."

    The Company will remain focused on being the rare earth industry's leading low-cost and high-margin-capture advanced materials company. The Company noted that, in the near term, Mr. Karayannopoulos's focus will include maximizing the synergies between the resource and downstream divisions as well as ensuring that the Company has a sufficient liquidity cushion from cash from operations, tight cost controls, and potential proceeds from revolving credit facilities or certain equipment financing and other sources.

    Sentiment: Strong Buy

  • from the 1st Q earnings presentation

    If they get 12 percent of Phosphate remediation in Municipal waste water treatment in the US only

    this could make MCP a great growth play alone, IMO

    Water
    purifica:on
    market
    segmented
    into
    five
    applica:ons:
    § RecreaHonal
    pool
    /
    spa
    § Pond
    remediaHon
    § Wastewater
    § Municipal
    drinking
    water
    § Point-­‐of-­‐use
    drinking
    water
    At
    12.5%
    market
    penetra0on
    in
    the
    U.S.
    market,
    we
    would
    consume
    all
    of
    the
    Mountain
    Pass
    Cerium
    produc0on
    at
    full
    Phase
    2
    produc0on

    Sentiment: Strong Buy

  • Its a very positive move for Molycorp that it could now elect Constantine Karayannopoulos as its CEO; he’s the best CEO in the rare-earth space and has consistently delivered profits and measured growth for his shareholders.

    What happened to the Chileans? Is this what that money was for? Will the value of their stock now go up enough to recover the investment? What a deal?

    I note that at our workshop last October I had a chat with Mr. Karayannopoulos in which I asked him why he didn’t advise Molycorp on how to build and operate a large-scale separation plant. His answer was “nobody asked me.” I don’t blame Mr. Karayannopoulos for being disingenuous. I respect him for it. There are rules about insider trading for Canadian companies and other ethical people. However I sure hope it comes out that Neo was at that time in talks with Molycorp, because I’d hate to think that Molycorp just thought of this idea.

    Now, more than ever, the REE market needs a few more total supply chains as I mentioned. There will be at least one more in the USA, one in Europe, and down the road one in Australia.

    Please ask your broker by the way which kind of magnets Neo specializes in? Neo materials should have bought Molycorp in my opinion, by the way.

    Jack Lifton

    Sentiment: Strong Buy

  • We think the $500MM Neo Goodwill was worth it for the ultrapure worldclass technology...
    I guess the shorts think the World going back to the technological STONE Age ?

    Facts About The Molycorp/Neo Materials Combination
    1. The deal combines Molycorp’s world-class rare earth resource with Neo Material’s proven
    leadership in the production of technologically advanced rare earth and rare metals products.
    2. Molycorp now has exposure to 100% of the global rare earths market, including China, the
    world’s largest and fastest-growing rare earth consuming nation, consuming approximately 70%
    of all global rare earth production today.
    3. Molycorp is better positioned to more rapidly ramp up its overall production once Project
    Phoenix Phase 2 production begins in 2013, which should further improve operating efficiencies
    on a large scale.
    4. Through its Molycorp Magnequench subsidiary, Molycorp now becomes a leading global producer
    of neodymium-iron-boron (NdFeB) magnet powders, used to manufacture bonded NdFeB
    magnets, a compelling global market with products in high demand.
    5. Molycorp’s "Mine to Magnetics" global supply chain is significantly strengthened, and Molycorp
    will now reach into new and highly specialized niche segments which require value-added,
    specialty products that we now provide.
    6. Molycorp now becomes a producer of ultra-high-purity heavy rare earth materials, including
    Samarium, Europium, Gadolinium, Terbium, Dysprosium, Holmium, Erbium, Thulium, Ytterbium,
    and Lutetium. A list of the elements from which Molycorp will produce high-purity, custom
    engineered products can be seen here.
    7. Molycorp can now produce ultra-high-purity materials made from the rare metals gallium,
    rhenium, indium, tantalum, and niobium, which are used in a wide variety of industries and
    vertical markets, including clean energy, advanced electronics, photovoltaic, aerospace, lighting,
    and many other industries.
    8. Molycorp's rare earth and rare metal processing capabilities will expand to ultra-high-purity
    levels, with the ability to produce rare earth materials with purity levels up to 6N (99.9999%)
    and rare metal materials up to 8N (99.999999%). These ultra-high purity materials are
    increasingly required by manufacturers in the optics, lighting, electronics, alloys, ceramics,
    aerospace, and many other industries.
    9. Molycorp owns the intellectual property behind Neo Materials' proprietary processing
    technologies, including 28 patents, with four pending in the U.S. Molycorp has initiated plans to
    leverage its ownership of Neo Material's ultra-high-purity processing technologies and know-how
    into rapid deployment of these processing capabilities at its U.S. and Estonian facilities.

    Sentiment: Strong Buy

  • But here’s the aspect of the tailings dam that will interest readers of ProEdgewire: the article quotes Baosteel Rare Earth Research Institute director Ma Pengqi saying the resource value of all that sludge contained by 20 metre high concrete walls is equivalent to what still remains to be extracted from the Bayan Obo mine itself. That rare earth deposit retains a reserve of 36 million tonnes, which Ma says is 36 per cent of the world’s total. (Editorial note: this figure is provided by Baotou and does not reflect the actual state of world rare earths reserves, nor does it allow for the potential of increasing non-China REE resources from exploration and assessments now under way.)

    The Chinese company says researchers found the value of rare earths in the 180 million tonnes of slag was higher that the estimated remaining elements contained ore at the Bayan Obo mine. The average grade of rare earths averages 7% compared to 5.5% in the mine. However, Ma gives a value to what is in the tailings dam: about 1 trillion yuan ($160 billion), half from rare earths and half from other minerals.

    Sentiment: Strong Buy

  • Reply to

    tomorrow's blood bath

    by poundsb27 Oct 29, 2013 3:46 PM
    blackboxfund blackboxfund Oct 29, 2013 4:50 PM Flag

    Your prediction will not happen ... as earnings will beat, costs will be down, guidance will be up, and assets sales / JVs are to be mentioned No risk to financing until 2 years from now ! Yes, and this is the worst Q they have had to deal with in the last few years ... So if you are one of the 33% short GOOD Luck covering !

    Sentiment: Strong Buy

  • blackboxfund by blackboxfund Jul 11, 2012 5:48 PM Flag

    SEE YOU AT $100 per share SOON !!!

    If CdTe was such a BAD product the largest and most sophisticated Utilities in the WORLD would not be choosing FSLR for $1 - 2 BILLION dollar projects!!!


    Go where you came from SHORTS !!! You will always be where you DESERVE to BE....


    OUT OF THE SUN OUT FROM THE SUN

    I am COSMICED

  • Don't you think FSLR can't keep up with these newcomers?
    $100 Billion per Year Market ... with a 66% market share equals....

    Me too, I can produce thin film and sell it into a BILLION Dollar Utility scsale project. Because I can make cell phones and TV's and little light bulbs.

    LCD Makers May Enter Thin-Film Solar Market, Manz Says

    By Stefan Nicola and Gelu Sulugiuc - Jun 15, 2012


    LCD panel makers including Samsung Electronics Co., LG Electronics Inc. (066570) and Foxconn Technology Co. may convert factories to produce thin-film solar panels when demand more than triples for electricity produced from sunlight, Manz AG (M5Z) said.

    The companies can introduce thin-film technology to their glass-manufacturing lines and produce modules at about 30 cents a watt or less, according to Dieter Manz, Manz’s chief executive officer. The Reutlingen, Germany-based company makes machines that produce flat-panel displays and solar products.

    Developers installed about 30 gigawatts of solar panels worldwide in 2011, and Manz said the market will be big enough to attract LCD companies when it reaches 100 gigawatts a year. A high-volume LCD factory may be converted to a thin-film solar plant with about 5 gigawatts of annual production capacity.

    “In three years, more than half the players will be new entrants,” Manz said in an interview in Munich June 13. “Samsung, LG, Foxconn, all of them will come. For them it was too small before, so they wait for the market to be 100 gigawatts and then they step in.”

    First Solar Inc. (FSLR), the world’s largest thin-film solar company, produced panels for 69 cents a watt in the first quarter, according to data the Tempe, Arizona-based company released May 3.

    Manz last month posted a first-quarter loss before interest and taxes of 4.9 million euros. The company expects 2012 sales to be comparable to last year.

    The company is close to winning its first orders for its systems that make solar panels using copper-indium-gallium- selenide, or CIGS, technology, the CEO said.

    “We’ll sell maybe even more than one line by the end of the year,” Manz said. “There is interest in China and in other regions

  • Can the Shorts really know something So secret that they have no fear?

    If lowered earnings from obvious project delays, warranty issues or margin contraction was so pervasive this stock would be under $10 and rapidly 0n the way to $0 already...

    Does'nt anyone out there really know anything GOOD except FSLR seems to get the big projects in the emerging markets...

    Yes, the Global Solar game is changing and FSLR has a strategic plan to change with it...

    These analysts always have an agenda to serve the most agressive fund positions, and in this case it is the short funds... They are paying big margin interest to borrow FSLR shares.

    I wonder does anyone have an idea how many shares additionally could be sold naked on Fslr and thereby are undeliverable?

  • You can appreciate that a 5%+ long must report to the World, but a 20+ million share short is anonymous where is your corrupt SEC ?

    Sentiment: Strong Buy

  • The cost of hauling iron ore and coal along China’s coast rose to a 16-month high, adding to signs the nation’s demand is strengthening for the two commodities that generate the most demand for dry-bulk shipping.

    The China Coastal Bulk Freight Index, a measure of commodity transporting rates between the nation’s ports, advanced to 1,141.17 points on Sept. 13, a seventh weekly gain, according to data from the Shanghai Shipping Exchange. The measure has advanced 8.2 percent since the start of the year.

    The increase is a sign of rising demand from China because coastal ships transport both domestic and imported cargoes to smaller Chinese ports from the nation’s bigger facilities, according to Pareto Securities AS, an Oslo-based investment bank. Imports of coal and iron ore are on course for a record this year, according to Clarkson Plc (CKN), the largest shipbroker. Rates for Capesize ships delivering both rose almost sixfold to $30,020 since the start of June, Baltic Exchange data show.

    “It is a clear sign of high domestic demand,” Eirik Haavaldsen, a shipping analyst at Pareto, said by e-mail today. “This results in stockpiles being quickly emptied, and a continued need for further international imports, thus increasing demand for international vessels.”

    Chinese stockpiles of rebar, the steel used to reinforce concrete, dropped to 6.25 million metric tons in the week ended Sept. 13, from 10.2 million tons in March, according to Shanghai Steelhome Information, a government-backed research company.

  • Again, if I had the money to do a Convertible Preferred transaction ...I would expect that it would immediately be very profitable.

    25 million +++ shorts ... could mean $500 million in profit for the funding source .. Strike at 15 and the stock jumps to $35 in short order as the relationship Banks lend longer term at better rates....

    Sentiment: Strong Buy

AMGN
157.10-2.75(-1.72%)Apr 1 4:00 PMEDT