So why are you posting here instead of on the BX board where you can discuss the virtues of that leaching #$%$ firm Blackstone that you prefer to invest in? Get lost.
Yeah I know about the CZ and FZ electronic grade material the make. But if you look through their reports, you'll see that solar-grade poly-si output is about 10X that of electronic . And most of that is now produced via FBR technology.
This is one of the few major solar play that has managed to survive. Just wondering if there's a turnaround story here. It's not like Wacker which was never under any threat of BK. Wacker stock has done very well though... wished I had bought it a couple of years back... bu it only trades on Europe exchange (there's a US OTC listing but no active trades).
This is the only way they can pay the debt due this year. Too bad they are negotiating from such a week position... but i suppose we should be happy if anyone even steps up to do the deal.
@@@@@OAO Mechel (MTL), among the most indebted Russian companies, plans to sell a stake in its Elga coal mine to an Asian investor this year to help repay borrowings. “We hope to get as much as $1 billion from the sale of the minority stake,” Chief Financial Officer Stanislav Ploschenko told reporters in Moscow. “We expect most of the interest from Asian companies, our biggest consumer market.” Mechel, with net debt of $9.4 billion as of December, last year shelved plans to sell as much as a quarter of the Mechel-Mining unit that owns Elga, saying it may get bank funding. It is seeking to refinance borrowings after coal prices fell about 50 percent in the past year, BCS Financial Group figures show. Talks on the sale of a stake in the Elga deposit in Yakutia will begin in the “nearest future,” Ploschenko said yesterday.
REC uses silane-based FBR technology and typically achieves 6-7N purity but is slowly improving that. Their focus has always been on solar applications and they developed their tech to target that market with a key objective being lowest possible cash cost of production. REC is also the world's largest producer of silane.
MEMC (a large electronic grade silicon producer) has an FBR technology that produces higher purity needed to make electronic grade material. I think MEMC uses TCS chemistry instead of silane, and certainly reactor design is different, since it is proprietary to each company.
No. MT is the ticker for Arcelor-Mittal. I too think MTL shareholders will lose if coal prices don't start moving up before the end of this year. I never expected the coal downturn to last this long... hard to believe really.
It contains updates on filings from all publicly traded companies in Russia. You have to type the company name in russian (Мечел) in the search box.
So what's new? Most company insiders sell shares when they exercise options. It's a regular occurrence at a large majority of firms. You need to try a lot harder than that. PS: What's your short exit strategy if PHM continues to move up? Will you cover at 25? 30? 35?
It seems that the builders are seeing success in passing on higher costs to buyers so I'm not sure margins will suffer all that much. And demand is sure to grow as the economy recovers.
In any case, it's certain that steel companies will benefit greatly from increased use of steel in residential construction. As you likely know, the construction sector is by far the largest end user of steel.
There is a new announcement? I know there are a couple of plants that have been approved in USA. Many other planned builds are in limbo. I think the big spike in U stocks is related to developments in Japan.
Incorrect. They did indeed file the 2013 full year complete financial report IN RUSSIA. The filing is posted on their Russian version website as I indicated in another post. An announcement was posted on Interfax website e-disclosureDOTru... just search for Мечел
@@@@@National Settlement Depository (NSD), Interfax to set up joint disclosure system on securities, issuers The National Settlement Depository (NSD) and Interfax Group have signed an agreement of intent to form a single system of disclosing information about securities, released by Russian and foreign issuers, and about the issuers themselves. A single system of verified information about securities, released by Russian and foreign issuers, and about the issuers, too, is a super timely project which reflects the needs of Russian and foreign issuers, and matches the International Financial Center concept, NSD‘s CEO Eddie Astanin said.
No no no. REC produces only a small amount of electronic grade silicon. They are primarily a solar-grade poly-silicon producer (in the top 5 by output) and have a very low cash cost due to their proprietary FBR technology. The company was vertically integrated but recently split up into RECSilicon and RECSolar. Now RECSilicon just announced a JV to build a silicon plant in China using their FBR tech.
I know you follow the LDK saga (what a mess that one is). Did you see the news on RNWEF (REC.OL)? What's your take? Seems like they found a way around the silicon tariffs and China likes their low cost FBR silicon production technology. I've been long that one through the up and down and still sitting on a loss there but was averaging down the last year so overall not too bad now.
I think a large part of the USA steel profits have been made so a little late to jump in there (although a very strong 2014-15 recovery could change that). But maybe MT still has upside on a EU recovery. What do you think?