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Seattle Genetics Inc. Message Board

denverdude123 22 posts  |  Last Activity: Jan 29, 2015 4:36 PM Member since: Apr 2, 2002
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  • denverdude123 denverdude123 Jan 29, 2015 4:36 PM Flag

    China could impose an extraction or severance tax on RE production which could provide funding for environmental clean up and which could be added to the prices of RE for both domestic and export markets.
    Smuggling would still be a problem that should be dealt with with prison terms or possibly capital punishment. China knows how to do this.

  • denverdude123 denverdude123 Jan 28, 2015 11:01 PM Flag

    The employees being laid off were not Cree employees. They were provided by a Temp agency. IMO, this is an indication that the recent move was part of a long term plan.

  • denverdude123 denverdude123 Jan 28, 2015 6:55 PM Flag

    I think the update is designed to force litigation to be done in North Carolina. Cree is going against patent infringers in places like China. Where would you choose to have the litigation done?

  • Reply to

    OLED vs. CREE

    by foxconnman Jan 26, 2015 9:58 AM
    denverdude123 denverdude123 Jan 28, 2015 1:59 PM Flag

    I think the fabrication will be operated at or near capacity soon.

  • Reply to

    OLED vs. CREE

    by foxconnman Jan 26, 2015 9:58 AM
    denverdude123 denverdude123 Jan 27, 2015 9:32 PM Flag

    I think this is a shift from the bulbs with the heavy conductive heat sink technology to the bulbs with the light weight convective heat sink technology. IMO, Cree took the opportunity to move the manufacturing to a lower cost situation. It would not surprise me if Cree will also use mid power LEDs from Lextar for this product line making optimal use of the high power production in NC for commercial lighting where the high efficiency gives a higher payback when lighting is used day and night. Note that the 60 W equivalent with conductive heat sinking uses 9.5 W while the new convective heat sink bulb uses 10 W as one clue this is happening.

  • Reply to

    Read the handwriting on the wall

    by primedice Jan 22, 2015 9:59 PM
    denverdude123 denverdude123 Jan 22, 2015 10:40 PM Flag

    I agree things look very grim. Molycorp is not bankrupt, but it is running out of time and options. The lack of information from the company is very troubling.

  • Reply to

    Continued Listing Standards Notice

    by pbtoption Jan 2, 2015 9:23 AM
    denverdude123 denverdude123 Jan 2, 2015 10:16 AM Flag

    The listing is no surprise at all. SOP. The stock price must be brought up either by deserving more respect based upon performance.

  • Reply to

    What;s up? What's up?

    by canine_c.unning Nov 14, 2014 2:40 PM
    denverdude123 denverdude123 Nov 14, 2014 3:12 PM Flag

    Schwab again offering me a chance to lend my shares. I am not doing so. Someone wants to start or maintain a short position as the price rises. Were lent shares called in?

  • denverdude123 by denverdude123 Nov 12, 2014 3:09 PM Flag

    RE prices are low. Junior miners are trying to get funding for operations. China says it will take steps to eliminate smuggling. Lynas got some survival money but does not have a plan to extricate itself from an untenable situation in Malaysia and can produce essentially nothing. Molycorp is working to crank up production from Mountain Pass and has downstream demand for much of its production other than of Cerium and will displace RE supply from its current vendors.

    IMO, RE prices are going to stay low for quite a while. I don't see the Juniors getting funding until prices go up.
    Molycorp will survive because of its downstream operations if the bottlenecks at Mountain Pass can be removed within two years. Molycorp can provide refining of high grade ore from other small mines more cost effectively than other yet to be built refiners can do, and they offer downstream demand, particularly for any heavy RE produced.

  • Reply to

    I guess yahoo won't allow my last post

    by p2ialias Nov 8, 2014 11:50 AM
    denverdude123 denverdude123 Nov 8, 2014 5:14 PM Flag

    Here is the problem. The company is a South African company with an Australian outlet. From the Au based website.."We assemble all our LED Lights here in Australia, these are not cheap quality dull imported LED light globes. These are quality High end LED Light globes, our LED light globes are brighter and cheaper than the likes of Philips, Osram etc. The LEDs used are of the worlds best and most efficient on the market, we don't use CREE LEDs that are 3-4 year old technology like our competitors our LEDs are the latest technology available We use Samsung or Bridgelux LEDs. All LED Light bulbs have PC reflector for even light distribution and aluminum body for effective heat distribution and long life. LED lighting does not contain the nasty toxic metals that CFL energy savers contain. No UV so it won't attract insects. "

    They seem to be claiming that their competitors are using Cree LED's manufactured 3 or 4 years ago which would be far less efficient that newer LEDs. Who knows? It seems to be creative writing, IMO.

  • denverdude123 denverdude123 Nov 8, 2014 4:59 PM Flag

    Not only did they have larger chemical costs, but they could not buy the HCl and NaOH. This meant very low production volume and meant far larger per unit costs because much of the cost is fixed and had to be allocated over a small volume. getting the chloralkali plant running at rated capacity will have a very large benefit.

  • Reply to

    financials help

    by brianbee882 Nov 7, 2014 6:28 AM
    denverdude123 denverdude123 Nov 7, 2014 11:53 AM Flag

    Share repurchases.

  • Reply to

    CC takaways..

    by denverdude123 Nov 6, 2014 1:39 PM
    denverdude123 denverdude123 Nov 6, 2014 2:21 PM Flag

    I believe you are correct.

  • denverdude123 by denverdude123 Nov 6, 2014 1:39 PM Flag

    1. They are optimistic about progress on the Chloralkali process.
    2. They have purchased a full set of spare components for the Chloralkali system.
    3. The system, at full operating volume would produce most, but not all needed HCl and NaOH required to run at full 20,000 metric ton/yr rate.
    4. They have demand, mostly internal, for production at full capacity.
    5. the scaleup will be done with great caution.
    6. They expect to meet the production requirements to satisfy Oaktree with high probability.

  • Reply to

    New vented bulb is a disaster...

    by ledguru19 Nov 6, 2014 9:38 AM
    denverdude123 denverdude123 Nov 6, 2014 1:27 PM Flag

    You should have warned him before he bought the bulbs, but then he would have known you and considered the source. I think you are just over the top. You do know that bugs are attracted to incandescent bulbs because of the UV light they emit while LEDs do not do this. Every engineer in lighting knows this....

  • Reply to

    Cash position

    by jimfinke Nov 5, 2014 6:25 PM
    denverdude123 denverdude123 Nov 6, 2014 8:51 AM Flag

    Any interest payments would appear on both the income statement and on the cash flow statement. If they are not considered to be an operating expense, they still have the same impact. The $313.5 million as of Sept. 30 would be after all cash flows and income prior to that time. If your point is that interest expense is large, it certainly is. There is no time to waste.

  • Reply to

    Cash position

    by jimfinke Nov 5, 2014 6:25 PM
    denverdude123 denverdude123 Nov 5, 2014 10:52 PM Flag

    The $28.2 million negative cash flow is for operations. There were additional capital expenditures of $18.2 million also in the quarter. Total cash consumption would have been $46.4 million. There was $313.5 million left after these expenditures. This company is not near bankruptcy. The reported loss of $0.47/share includes the operating loss and non cash losses due to depreciation, amortization, etc. Molycorp still has a lot of work to do, but they have the time and cash to do it if they manage well.

  • Reply to

    Takeover chatter

    by boardhead_99 Nov 5, 2014 10:46 AM
    denverdude123 denverdude123 Nov 5, 2014 11:24 AM Flag

    Idle mindless chatter only.

  • Reply to

    Why are more companies getting into REE?

    by anti.geist Nov 3, 2014 9:49 AM
    denverdude123 denverdude123 Nov 3, 2014 12:37 PM Flag

    The growth projections can be met with no production from the Juniors.

  • Reply to

    Stricter European emissions standards

    by denverdude123 Nov 2, 2014 3:32 PM
    denverdude123 denverdude123 Nov 3, 2014 11:56 AM Flag

    Certainly hydrogen fuel cell vehicles are a good answer. They emit NO CO2 at all. But there are other ways to achieve 95 Gm/ Km that are likely to be in use. 1. much smaller ICEs with an electric motor driven turbocharger. 2. Hybrids a la the Prius. 3. Diesel engine based hybrids. 4. Small diesel ICE's. 5. Plug in Hybrids. 6.Electric only.

    All of the options will require compact powerful electric motors to drive the vehicle and to drive accessories like power steering, power brakes and air conditioning so the operation of an ICE at idle will not generally be required. Options that include an ICE will require catalytic convertors. This should mean much greater demand for RE.

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