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U.S. Concrete, Inc. Message Board

gleongelpi 7 posts  |  Last Activity: Feb 5, 2015 5:01 AM Member since: Nov 28, 2001
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  • gleongelpi gleongelpi Feb 5, 2015 5:01 AM Flag

    jr, I can see your knowledge about mining is very limited.

  • Reply to

    2015 is the year ...

    by gleongelpi Dec 11, 2014 11:29 AM
    gleongelpi gleongelpi Jan 19, 2015 12:06 PM Flag

    That is indeed very upset. I was thinking of making a large further purchase but when I became aware of this, I decided against it. I will just hold onto what I've got and chalk it up as a loss. At the appropriate time I will take my loss.

  • gleongelpi gleongelpi Dec 22, 2014 10:36 PM Flag

    Obviously, you have never been at a mine site. While I cannot say with certainly that this is not a scam. Most mines take years to come on line. The company stated years ago that mining would not start until at least 2015. I bought in the expectation that if I waited until 2015, and their statements turned out to be true, I would have lost a big portion of the move by the time it was obvious. About a couple of years ago when it had a run, I thought that that might be it, and that I had missed the move. But later it came down and much lower. I took a gamble and thus far it doesn't seem to be paying off. Most gambles like this don't pay of, but in a couple of occasions I had me multi baggers in the 10X+ area, one with more than fifty times my investment. So, even if 90%+ fail, the winners will more than make up for it. I am one of those investors who usually buy when nobody else wants it.

  • I might take a gamble on it.

  • Reply to

    The Debt

    by gleongelpi Dec 13, 2014 7:16 AM
    gleongelpi gleongelpi Dec 13, 2014 10:13 AM Flag

    Rubbish. For your information, dividends can be cut with ease. In fact, they can be readily eliminated. The same is not true with the interest on debt. That's about a basic a lesson as there can be. The company is losing money and the dividend should be cut back by 80% or more if not eliminated. This company needs to get rid of some of the debt. It should have been done a while back, but it seems like management wants to gamble. Of course, in the end, the gamble is the stockholders. Management will walk away with golden parachutes and bonuses that the bankruptcy judge will allow. It happens all the time. But the company should go ahead and issue more equity securities now before it becomes too late. Six months from now the stock may be trading for a couple of dollars and doing so would have become a moot point for all practical purposes. And who cares what the analysts say. As a group, they are highly incompetent. They tend to be bullish at the top and on the way down, and bearish at the bottom and on the way up. I play contrarian to them. I have been investing for forty years, had licenses in the industry at one time and put out a newsletter back in the early 80s. I laugh at all the rubbish, misconceptions and misinformation that the likes of you put out. As well as all the novices that believe all the nonsense. There are plenty of those.

  • gleongelpi by gleongelpi Dec 13, 2014 7:16 AM Flag

    Line has way too much debt; otherwise, I would buy into it. For the time being I will just sit back and wait. The smart thing to do would be to make another share offering to reduce debt. But I suspect theat the company will never do that. They would rather go bankrupt, which looks like where they are heading.

  • gleongelpi by gleongelpi Dec 11, 2014 11:29 AM Flag

    2015 is the year in which production will start according to management. But I do not really see any progress to indicate that that will be the case. Anybody can throw some light on this matter? I am tempted to gamble by buying more share but I am hesitant. I am losing trust in the ability of this group to perform.

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