PLG is trading at its 200 MDA so at least we should see strong support here. That said, it is cheap at this price. The balance sheet shows that their property plant and equipment is valued at a little over $200,000,000.00. However it doesn't account really for the NPV (which is really an estimate of future cash flows in and out discounted at their borrowing rate) of the projects and potential projects associated with the property. The NPV of planned Bushveld and Waterberg (just counting the first 5 kms) adds up to roughly and conservatively to about $1 billion (including costs of course). Then there is the rest of Waterberg which could double or triple this NPV. It is just a matter of time. Longs will be laughing all the way to the bank. At a dollar ten, this will be a ten bagger inside six years. Put some money here, ;eave it alone and just watch it grow.
The more the merrier. The way I like to look at this is that every quarter this stock gives me $900 back. That itself knocks down my 'amount invested'. The forward yield goes up based on the smaller remaining amount I have invested. In about 11 years I will still have my 9000 shares and I will have all my money back as well. That is how to accumulate stock for free. Repeat the above on another high yield div stock (which is growing and has a sustainable dividend) and so on. By the time you get old you will have a stock portfolio that built itself. Best is do it in the IRA where you can defer all the taxes. I am 60 but I plan to live into the triple digits lololol.
FYI - I am not too worried about the overbought signal. PPP was this overbought back in August 2012 when it was at about $3.50, and it didn't stop rising over the next few months until it doubled in price to $7 by November. Technical and day traders who sold as soon as it got overbought, missed out on a short term 100% gain.
I don't mean to sound like I am pumping this, but I have been long before in PPP from 2.25 to 7 and then recently from 4.50 to about 5.25. I feel that this company is just going to continue to surprise me. I think it is low risk and good value as well as great balance sheet - no dilution worries ahead - and we are more diversified than before. 400,000 ounces a year in 2016? 9 digit positive cash flow. Great new properties with astonishing high grade veins, and now we have more to make on silver this year according to getting ahead on our silver contract. This is easily a 3 bagger by then end of 2016. Yes I am looking at 'in the 20s'. I didn't go all in because I have other good prospects and at my age I have to stay diversified. But I loaded up on 3500 shares this morning and even though that won't make me rich, it will definitely contribute to my portfolio performance in the coming years. Cheers J
in 2004 CONX was at 1.05 and in 2002 it hit 1.35 intraday high. Aren't we better off than we were then? Looks like we have growth potential and economy is growing at least in the US. I think management has done a good job relative to the average company at this stage. I think it has been difficult for them to grow their profit margins. Top line growth is very important. I think some companies, even big ones, get so caught up in growing revenues they think the end justifies the means, and they may not be that dumb but it seems costs always begin to rise in tandem in the process as well. That is the lion they want to tame. Everything else about this company seems to be A grade. I wouldn't put them down for being old school. They are good which is not bad, but it would be so much better if they kept costs steady. Can anyone do that? Is it possible? I am hoping so.
Well $1.10 is the 200 day moving average for PLG. I think we are going to find strong support there if we even touch 1.10. It is rare to get 5 down days in a row anyway. It could be one of technicals moves we longs jus have to endure. Pt has been fairly strong. Let's see tomorrow.
same thing with the inflation rate - whenever inflation is too high or low they have changed the weighted basket of goods that is used to determine it. I think currently based on 20th century baskets of goods we are approaching double digit inflation. However that would not help our economic outlook nor the Feds ability to borrow at low low rates.
How about it is trading at only about 5 or 6 times its operating cash flow. Also paid down a huge amount of debt recently. Will their humongous cash flow keep growing? Good value right now.
Not for less than a dollar for sure. I think we could easily get to a dollar in a couple years if they just took on an aggressive lean and mean strategy. Focus on growth and giving up all chushy 'administrative' or 'costs of selling' expenses, trimming any fat. If costs keep growing in line with revenues we aren't getting anywhere. If we find a buyer, it will have to be able to get more value out of the company than the company could by itself. That is be big enough to: provide a wider market, integrate the research, have more easily scalable production facilities, absorb the company and their existing revenues while reducing the future expenses. Maybe it just needs a more aggressive management. It is a good company and it has healthy financial statements but they (the statements) don't really indicate strong earnings growth. Can someone else do it better? I will be very happy to take a dollar today, so I hope they don't turn down any possible deals that are near that!
in foodengineeringmag dotcom - from 03/08 it seemed to mmentions IDC : Speed in the bag
Introduced at last year’s PACK EXPO, the new Sealed Air high-speed bag-in-box system delivers bag filling speeds three times those of standard aseptic bag-in-box fillers.
The IDC/Cryovac SpeedFlex bag-in-box unit, developed through an alliance between Sealed Air and International Dispensing Corp., a supplier of bag fitment technologies, processes four- to 20-liter formed bags into bag-in-box packages at rates up to 30 bags/minute, says Myra Foster, executive director, global fluids sector, Sealed Air food care division. The unit sterilizes with a combination of steam and hydrogen peroxide.
The IDC/Cryovac SpeedFlex system delivers a packaging solution along with packaging equipment for aseptic processes and features efficient changeover capabilities that minimize downtime. The solution targets shelf-stable applications for dispensing or opening and reclosing bulk packages for foodservice markets or other end-users. The unit is FDA accepted for the aseptic packaging of low-acid and beverage products, including flavorings, fruit purées, juices, sauces, smoothies, ice cream mixes, tea, coffee and syrup used in fountain beverages.
Foster says the bag filler’s increased production speeds and overall improved operational efficiency are the results of updated engineering design. For example, the mechanics of the rotary filler were optimized to achieve the increased speed, which also led to a reduction in the footprint of the unit. The filler can be integrated with any existing aseptic system.
Sealed Air says its line of vertical form/fill/seal units, introduced in the US two years ago, is expected to record its first commercial installation and startup in the US this year. It can produce shelf-stable pouches ranging in size from two to six liters. Sealed Air also offers a Pro-Aseptic horizontal form/fill/seal unit, introduced in Europe last year, that produces flexible standup pouches.
I just more than doubled my position. 8 1/2 % div! Hard to beat and that is why (I bought). I will sit back and enjoy collecting my $300 a month. I think FTR will get bigger and better in the coming years.
The answer to the question, "Is the big seller done?", may lie in the current Bid and Ask. There is bid for 55,000 shares at .36 that has been sittin' there all day for the taking, and apparently nobody is interested in selling (also only 2875 asking at .3899. I wonder if this could be viewed as indicative of general near term optimism amongst the shareholders.
Platinum up another $26 today looks like we may be on our way back to the 1500s. Every dollar at this level is another dollar in gross margins on every future mined ounce per year. Already they are planning to mine about 1 million ounces a year between the Bushveld and the known first 5 kms of Waterberg. Of course each dollar would need to be discounted vs the future value.
Already more than an average day's volume, but only up a penny. I thought this would be more a plus. But maybe some people think it is great and are buying while others expected even more? Don't know. But This does add to the value.
I wouldn't be surprised at this rate if it is June. They are onto a game changing technology (in solar panel arena), and at first I think they will be undervalued, capitalized at around $75 million? I don't know exactly why it is taking so long but it may have to do with delays relating to paperwork, or preparing for a public offering. I honestly don't know what the milestones are but there is apparently more to do before this is trading live. FYI - The test trade at ".02" was not a real trade.
Guiglymof, you seem to have a lot in common with firmerzvr. Maybe you two ought to get together in person.
In 2008 PLG's NPV (their shares) was estimated to be 225 million. The NPV of the 49% owned Waterberg project recently announced was about 508 million USD discounted at 7.5% over a ten year period. Already that is $700 million NPV worth of projects. We haven't even tapped the NPV of the Waterberg extension (the recently announced assessed project was based only about 5 kms of about 35 kms they have an interest in. We will hear an update on the drilling in 'the weeks ahead' according to their announcement on drilling in the extension. This is why they won't consider selling until it is assessed. PLG could wind up with $several hundred million more in NPV mining projects. Then maybe the company market cap will rise into the billion range.