"as soon as they drill into the Buda it starts producing oil" Looks like they have hit the sweet spot of the buda formation also appears to have the ability to exceed anyone's wildest expectations. This has been a seeking alpha story and should start to get some nice coverage from the wall street analysts, soon.
Still no answer? The possible dollar losses are large for such a small company. Why is management so mum?
Looked at some of the Google links and you can even see mutiple trucks damaged and the closing of all economic activity in the are for all local business. Looks like a major impact on financings yet management has done little to enlighten shareholders.
Hey Kenny, let me know when you think SQQQ is needed for portfolio protection. I'm guessing this market is about to pull in joe-6-packet for a final bow off top.
A lot of scare stories about side effects, cost and REMS. See the Accutane story of 10 years ago, over a billion a year.
Every few months Qysemia has another thousand walking testimonials that will sell the weight loss that was never possible before. I would guess critical mass needed for take off in sales could arrive in 2014. Good old fashion testimonials on Facebook and Twitter work fast.
If the sapphire laminate is doable, and Apple just fronted someone over $500M because they believe it is doable, your talking about iPad, Macs and 30% or more of phones. Huge 2014 coming.
The of sapphire laminates opens up the world to affordable adaption of sapphire in many more uses, it won't stop at phones. Apple locked up GTAT and gave them the money needed to massively expand their sapphire production. I'm guessing Rubicon will be bought out by someone wanting to produce the laminate product and be able to offer the sapphire laminate option. Corning? 2014 looks like a very big year for the coming transition and the need to act soon and be able to offer the customer the sapphire laminate option is a primary Corning concern.
Shorts usually walk 'em down then cover parts of their position. With this kind of news from Apple I don't know if walk downs loosen that many shares. Would love to add to my starter position at lower prices.
Bigger, the short position and shares held by 'tutes adds up to 110% of stock outstanding. Does anyone know how many short positions really exists?
Need to cover and get this one off the books for 2014. LED demand for sapphire was expected to rebound going forward, now Apple has the potential of really expanding the use for sapphire....
Good luck with that short position.
MIT magazine did a great piece on sapphire in the spring predicting the phone trend and others that are on the verge of needed sapphire properties. A 2% of the gorilla glass use would double the LED demand for sapphire, which is suppose to be on a sharp upcurve in it's use of sapphire in 2014
Someone is likely buying a big position to hold? Hope to see them walk the price down to collect cheaper shares. Demand in this sector was predicted to need the extra production supply as 2014 progressed. With Apple in the picture the new uses that are coming could see an explosion in use and margins. Is 2014 the year of sapphire?
One more pice dip please
Company has to get it's financing in order for the likely turn in sapphire furnace demand. The entire sector, not just TechPrecision, for sapphire related business has revolved around LED lighting. 2013 was the year to consume capacity. Those who make it into 2014 seem to have a very bright future according to Apple.
Earnings call today after the bell.
MIT Technology Review
March 20, 2013
Your Next Smartphone Screen May Be Made of Sapphire
Manufactured sapphire is incredibly strong and scratch resistant. Now falling costs and technology improvements could make it competitive with glass.
(nice short intro article you can google)
JMI sounds nice. Will look into it.
Right now I'm looking at sapphire producers as Apple has just given a GTAT, a sapphire furnace maker over (($500 million)) to expand sapphire production and become their exclusive sapphire provider.
Found an MIT paper on the subject that was months ahead of the Apple GTAT story on sapphire's future use in mobile devices and was impressed. The folks at MIT also mentioned Rubicon (RBCN) as a sapphire producing furnace maker with potential.
I'll be posting on RBCN board if interested in where this is going. I'm thinking 10 bagger is possible. I'm a long time sapphire industry follower form the LED lighting use.
As Cantor Fitzgerald analyst Brian White noted today, GT’s sapphire business accounted for 11 percent of its year-to-date sales — about $28.9 million in revenue. But, in forecasting 2014 revenue, the company said it expects to make $600 million to $800 million, with 80 percent of those sales attributable to its sapphire business.”
Apple started the Gorilla Glass trend. GTAT has said the Apple agreement will get 100% of their sapphire furnace production going forward. New trend as competitors need to look for sapphire sources…
Looking at an old forecast
MONDAY, DECEMBER 10, 2012
….Yole believes that sapphire industry capacity is 80% greater than demand. As a result, prices will likely remain depressed in 2013. Nevertheless, the sapphire cover glass opportunity is a real and material opportunity and would clearly create a shock to the system. There is potential for some sapphire cover glass in smart phones in 2013, but a greater likelihood in 2014. Both Rubicon and GT Advanced would be the best way to play sapphire cover glass. However, in the near term, the sapphire industry will likely continue to suffer from oversupply.
"Major" fault line? Guess that could cover 10,000 acres.
Good news, the buda vertical wells pay for themselves in a short time. Just 20 good wells would do a lot for cash flow and book value. Should be a good 2014. How good will be much clearer in the next few weeks. Looks like zero downside and a possible double from here???
Buda doesn't look like a basin play that would mean full development of the 10,000 acres and much higher valuation of the stock. It does look like it can offer a very nice cash flow to expand into other plays.
Short term, the buda is a " trader's rally" call to who knows what?
Merck planing to crank up more indications in trials in 2014. Endocyte plans starting up trials for new drug's' in coming year.
2014 could be a very good year.