Idiot, you cannot buy a gun for $20. Those cheap handguns in the black market cost a couple of hundred dollars.
But the profits will be huge if the price of coal goes up. Anyway, I never put too much money on anything in particular. I spread it out big time. There is no other way of making a big return than taking a little risk. I thanks does who have come to this thread to provide information.
I can read the financial statements, but thank you anyway. And I know that those variables are ever changing, but there has to be some consistency. And, I really don't tend to believe what someone in a company tells me via the phone or e-mail. The tendency is to sugarcoat it. So, thank you for not giving us any insight. You seem to not get it that what I was asking for is for the "informed" opinions of some posters, and I can determine if their assessments are to be considered useful or not. But well, thank you again for not adding any insights.
I've been trying to figure out at what price for coal JRCC can expect to be profitable. I know that there are basically two types of coal: thermal and coking. And I also know that some of it is use for liquefaction and gasification, mostly leading to thermal uses, both for heating and generating electricity. I also know that some coal is used in chemicals and other industrial processes. I also know that the quality of the coal determines price as well as location of the coal vis-a-vis location of demand. So, please, no "smarty" answers. If you cannot contribute valuable information to this threat, just go away.
Pumping requires that the company releases a series of PRs to get the investing public interested. REE has never done that. The management is not out there making predictions that they generally fail to meet later on. In fact, they are not out there making predictions. This move, like the last one, was free from a pumping scheme. Everybody here can see through your B S.
This company is going no where until it starts mining. The company has set a tentative date for early 2015, but it might turn out to be late 2014. Anything any later that mid 2015 will be problematic for the stock. If that tentative deadline for early 2015 is to be met, the company must start preparation in the near future to actually start digging. Some people will have to be hired. This will include a few locals as well as some outsiders. In that event, the locals, as well as others connected with the company, will soon find out that the time has arrived. The stock will start moving up. First, it will move up in a burst like it did today, and the process will continue. Those of us without contacts will not find out for weeks, if not month. Only the fact that the stock continues to move up in price will be telling. On the other hand, this whole affair may come to nothing. If one is going to play, one has to play now, and sit tight.
There is no word for what you are. Dooshbag, #$%$, etc do not quite give your status meaning.
In my area we have WFM, TFM, Trader Joe's, Earth Fare, Kroger's, BI-LO, Food Lion, Piggly Wiggly, Wal-Mart, Target and Publix.
Without doubt WFM is the best. TFM has just as good quality but not the variety and its a bit more expensive. Trader Joe's is clearly down scale. Earth Fare is nice. Kroger has a health food section, but the prices are really not better in that regard. BI-LO, Food Lion and Piggly Wiggly are really the bottom of the pile. Publix has good quality and above average selection but prices tend to be somewhat high. Wal-Mart and Target are in the middle.
I shop the most at Kroger because they have the small health food section and it is just down the street from my place. But my first choice is WFM. Earth Fare is great for an inexpensive but quality lunch. Trader Joe's came into town near where TFM, Publix, the Pig , BI-LO and Kroger are located, and has had a major impact. The Pig became a Bi, and it remains nearly empty. I suspect TFM is losing money, as is Earth Fare.
What are the chances that this will make it? 10%, 20%, 30%, 50%, 80%? Take your pick. The lottery is less than one in a million. However, if it does make it, one thousand dollars could be worth one hundred thousand dollars ten years down the road.
I bought at 1.74. About a month ago I contacted the head of investors relations because I was displeased with how long it was taking for the company to start generating revenues. The reply was very direct to the point: the company is not expecting to start mining in order to generate revenues until 2015. I guess one has two choices if one is already invested: hold or sell. I am holding. It the company starts generating revenues, then the stock should go up in price considerably. Lately, I heard some rumors that the mine may become active in late 2014. If that is the case and it can be verified, the uptrend should start soon. People working for the company, their friends, family, acquaintances, neighbors and local people will find out soon enough, and some will buy well before this happens. If the mine does go on-line in about a year, we should see a change in direction for the stock. Whatever the outcome, it is clear that the company is prepared to keep going long enough to start producing. I don't think we can make any determination until after the mine starts producing, and if it doesn't start doing so by mid 2015, then it is time to let go.
I understand your sarcasm. But in truth, a 20% decline on wages would do the trick. I'd said, not cuts on the first $30K per year or $15 per hour, and 50% cuts on everything thereafter, all the way to the CEO, and the company would be making a profit. But tightening the belt is no longer the American Way. It hasn't been for many decades. It is an all-or-nothing mentality that prevails all around. People rather not work than take home a little less. On the other hand, the company could have done a secondary offering about three years back and eliminated all the debt, but the same mentality is at work there. They say: "we rather be deep in debt and take a chance at going broke, and let others have a piece of the pie." Go figure!
The company is slatted to begin production in early 2015. Lately, they have claimed that production may start in late 2014. Until mid 2015, it would be premature to make any such claims as you are making considering the official company information.
I have always wondered why companies never take steps to stem the cash drain in ways that will ensure survival. They always wait until things get completely out of hand before taking serious steps to preserve cash. For example, why not reduce the pay of all employees. Everybody working for the company could take a pay haircut, including, and more the point, top management. In this case, no pay cut on the first $20K per year or $10 per hour. Fifty percent cut thereafter, or maybe just 30 or 20. After looking at the numbers here--not in great detail--it appears that costs of production can be greatly reduced if everybody took a pay cut. But it seems that it has become paramount in the country, as well as the rest of the Western World, to prefer losing one's job and destroy companies rather than temporarily tighten one's belt. .
UA has been wrong many times; to many to count, too often to give the outfit any credence. When BCCI made its big move in May, 2011, it was because of the bubble in coffee stocks. It ran with the industry. There was no reason based on the company internals.