The contract with Apple for use in consumer electronics is perpetual and fully paid. It does not need to be renewed. Technically LQMT sold all their IP to Apple, and Apple sold back the IP to LQMT for non-consumer electronics.
There is also a separate contract specific to sharing of development IP that is held in a joint venture entity called crucible intellectual property. This contract has a finite duration, and was extended last year I believe. This benefits both companies, as they each gain the other's development IP during the contract period.
ALCOLA? Is that a new soft drink? BTW, LQMT is not easy and cheap to produce like aluminum. It will be a niche product, assuming anyone ever decides to use it.
I called AUMN IR and was told that there was no report or filing by the company. Looks like the drop came on very low volume (about 100k shares), so it's just a function of nothing on the bid and the MM taking advantage of a block sell order.
In any case, we are once again trading a small premium to cash, and you get the mines and equipment for basically nothing. I'll look to add at these level going into year-end tax selling.
Do you have any idea what you own? Apple already bought the IP from LQMT years ago, and LQMT has already spent the money. There is no other 'deal' with Apple, ever.
LOL. You have no idea what the obstacles are to realizing what you are suggesting. For one, who is going to manufacture the parts- presuming they sign a production contract? Have you read the arbitration verdict with Visser?
Kar, there is no evil entity trying to bring down the value of your investment in LQMT. The simple fact is new shares are being printed and sold with regularity, thus diluting the value of each and every outstanding share. This company generates measly revenue from past royalties and has not generated a single new production contract. Anyone that thinks this is the bottom lacks credibility. A simple look at the chart shows a 6 cent mark, and that was prior to the last two rounds of dilution. I value this at less than 2 cents.
The trade is to buy under a dime and sell in the inevitable bogus news story pop, when a new flock of uniformed speculators jump on board. The key is to sell when you have the opportunity.
Eagle, I thought you exited a while back when the price spiked? What is your investment thesis for continuing to hold. You are one of the few on this board that seems to understand what is going on with this company. I hope the price spikes again (the next Apple rumor?) so you can get out.
The way out is to restructure under bk protection and eliminate the equity and debt. Might even be able to get out of the arbitration agreement with Visser. Wait a year or so, then issue new shares.
Kar, the issue is that the company has had to dilute shareholders to the tune of hundreds of millions of shares to remain afloat. So, unfortunately it's not as simple as starting to generate revenue. Because of the size of the float (and increasing) they need to generate tens of millions in revenue to justify even the current valuation.
According to their recent filings, cash costs will be in the $12-$15 range beginning in Q2- effectively break-even at current silver prices. So yes, I think they can hold out for awhile even if silver prices remain at the current level.
Hope to see this happen in my lifetime, but I doubt it. About the best we can hope for is a run on physical silver due to a supply shortage. To a small extent we are seeing this now, with the U.S. mint suspending production due to a supply shortage and dealers running out of inventory. Thus far this hasn't affected the paper settlement futures markets.
Possibly, possibly not. Elliott wave analysis isn't foolproof. There were many top TA professionals on national TV providing charts supporting their call of S&P to 500 in 2009, and we have gone almost straight to 1,700+. We could see another wave lower in the PMs, but the market is so highly manipulated that, from my perspective, it primarily a function of when the large short participants like JPM decide to change their trade to the long side. Simple as that, and impossible to predict when. But I'm certain it's coming, that's how the big money is made (volatility).