I still don't get that reasoning. If a company has to lay people off to stay in business, doesn't that mean the company will go bankrupt and close down completely and leave town if they are not allowed to do the layoffs? I don't get how they don't get that. This is reality not the land of OZ.
FYI did you see the update? The Waterberg Project has emerged as one of the world's largest undeveloped palladium discoveries. The current combined Waterberg resource stands at 29 million ounces 4E of which 17.74 million ounces are palladium, 61% of the current inferred resource. (See details below). Palladium has been one of the top performing commodities over the past year recently skirting US $900 per ounce driven by a combination of strong global auto demand, supply disruptions stemming from strike activity in South Africa and potential economic sanctions against Russia, the world's largest palladium producer.
Also: Bushveld in operation in Q4 2015; Waterberg 2018 (655K 4E ozs 397K of which are palladium)..
The markets are growing. non invasive and cheaper Diagnostics are a good way to counter the sky rocketing health care costs and early diagnosis reduces the cost of the cure. Another thing occured to me. If the company that was retained is worth their fee, we should see better reports overe the next few quarters. To make this a more a attractive takeover target, they will be focusing on reducing costs and increasing revenues, scalablility, cash flow. I want to own this through that and then get bought out!
I have several investments like this. Just waiting, and waiting and waiting and waiting. IMO that is the best way to make money, except you don't want to tie up, invest menoey you will need for short term expenses. Leave that in cash. You never know when the thing will really take off. I suppose I am already green so that makes it easier for me than for others who are still down. It makes a difference. It will take time. All my best investments involved waiting. This is an interesting company with an excellent product, and connections and prospects. Be glad Gregg has been willing to help to keep funding the company. I expect he has been doing his best to give us the low down as well on a fairly regular basis (quarterly). Things take time. A lot going on. I would rather he be communicating with the potential clients, working on JDAs, than with us. With that he probably has his hands full. I hope in the next report we hear about orders.... if not then keep waiting.
Are we fooled by a hairy drooling wolf with tongue and fangs out, lurking in the grass, panting with a little sheepskin draped over its hind? They are so obviously without knowledge, and with an agenda.
Another Case in point. A $50 trade increased the market cap of IDND by $5million? I doubt the value of the company changed that much. I don't believe in the market cap as the true valuation. It is just a benchmark, but is not precise. In the case of undervalued companies it can be way off for example. If we are truly about to start receiving orders from Pepsico I think we are more on the undervlaued side.
Well it is amusing that $5000 worth of trades can knock 18% off the market cap of a company. But to me the market cap determined by a few small trades doesn't necessarily reflect or change the true value of a company. Probably a 40 dollar trade could raise the price up to .38. These movements mean diddly squat. I am waiting for when Gregg reports on something really significant which will positively impact the bottom line to see more meaningful price movement, then expecct to wait for several quarters for the income and balance sheets to square off, and for other things to happen like getting onto the NASDAQ or AMEX.
Anyone think Palladium might catch up or pass Platinum in price by the time we start mining Waterberg in 2018? It looks like Palladium is now heading for $900/ oz. For it to go up another 70% in the next 4 years doesn't seem too far fetched with the economy improving? It is fairly volatile but is up about 400% in the last 5 years and up about 25% so far this year. There is more than twice as much Palladium than Platinum at Waterberg so this is bullish for PLG and its vast Waterberg property.
I agree PLG should be closer to $2 right now than $1. Not sure who would be selling here unless they should not have bought in the first place. Platinum looks like it is headed for a breakout to the upside. Bushvled should be in operation within the next 12 months. Wateberg looks more promising than ever. It doesn't make sense. But I am in for the long term and am confident about my investment.
The latest report indicates "General and administrative expenses during the period were $5.9 million (May 31, 2013 - $4.2 million), gains on foreign exchange, due primarily to a stronger Rand at period end, were $0.48 million (May 31, 2013 -$9.17 million loss). ".
Also regarding the new Waterberg Preliminary assessment:
A Project post-tax NPV (7.5% discount rate) of 5.1 billion Rand or US$509 million (10R/US$); Peak Funding of 8.85 billion Rand or US$ 885 million (10R/US$); Major risks to be assessed at pre-feasibility including smelting plans, water and power delivery.
This is a lot of moolah in Rand. We did benefit slightly from a stronger Rand in the latest quarter, but it has fallen off since the strike ended and a new metal workers (220,000 of them) began on 7/1. Currently 9.93 ZAR (rand) per CAD (canadian dollar). I think when you are talking hundreds of millions in a foreign currency you should have some hedges in place, and not to speculate but to protect against volatility.
Selling people? Have you run out of stock to sell? I thought that was illegal! Can sell your car?
The article is about the filler machines: "The bags are flex resistant in a nonmetalized format and provide superior performance,” says Walker (Head of Sealed Air Cryovac division), who maintains metalized bags are prone to pinholing. The IDC fitments accommodate a range of flow speeds and help lower the cost of production, he adds"
Google "internation dispensing" and select "last 24 hours"
SO it is you has the much interest in selling? In every transaction there is a buyer and a seller with the same interest which is to transact. at a same price. If you want to sell above the current market you have to wait until buying interest rises.
"10% largest commodity ETF' s/h/b "10th largest commodity ETF" - both as a currency hedge and as an investment to me it appears Pt is better than gold.
Condensed & edited from platinumudotcom: A whopping 1 million ounces of platinum production was lost due to the strike, according to an analysis in Financial Times. Thomson Reuters GFMS estimates another 300,000 ounces of production will be lost as companies take months to return mines to prestrike output.Next to jewelry, the biggest type of platinum demand is for catalytic converters in diesel cars. Sales are starting to pick up in Europe, the biggest market for diesel automobiles. In May, European Union passenger car sales rose 4.5% from a year earlier.Other uses: Glass-making for televisions screens; Hard disk drives; Plating and thermocouples;Some types of fuel cells;As a chemical reagent. Pt is still way off its highs of last year. A pricing chart going back to September shows Pt coiling up for a breakout.Gold has vlaue based on its use as both an einvestment and a hedge to inflation, as well as jewelry. Pt does too and it has more industrial uses than gold. Another consideration is raw supply. Platinum is 30 times more scarce than gold. That is for every ounce of gold there exists only one ounce of Platinum. The facts above are why Platinum is growing as an investment and hedge like gold. The Pt ETF is now the 10% largest commodity ETF. - ( PT now at 1510 bid).
I would say it is probably due to some technical bug or glitch in Yahoo, and is not a conspiracy. As other posts indicate the story about the grant is on their website and all over Google.
There is a new strain of Cyber Ebola that eats certain news headlines only. Maybe that was it? The release is still up on their website and other places, just not in Yahoo. But today BBC reports 25 more deaths since July 3rd so total 518 reported died from this Ebola outbreak. " Last week, health ministers from 11 West African countries adopted a common strategy to fight the outbreak. At an emergency meeting in Ghana last Thursday, ministers promised better collaboration to fight what has become the world's deadliest outbreak to date. Under the new strategy, the WHO will open a sub-regional control centre in Guinea to co-ordinate technical support."
Note: there was an American who showed signs of the virus but just tested negative. I would still be worried, but then I would not be vacationing in an area near the center of an Ebola virus outbreak, at least not without some CONX diagnositc test that could catch it early enough so that it could be effectively treated.
Kingly, I hope it is true because I am long. But hoping is kind of what you do when you throw a penny in to a wishing well. You just hope your wish comes true, rather than just disappearing with the ripples in the reflection of yourself caused by the penny being dropped into the well. I'd be glad if in a year it is trading in the .50 to .60 range and anything higher would be welcome too. It would help, more than hoping would, if management does its part which would be to cut expenses while continuing to grow revenues at the rate they have been. That would speed things up considerably.
Today it looks like not much selling or buying interest. Zero volume. All IDND holders must be thinking about the long weekend and we are the only ones who know about it. Also, the actual quote was (my quote was really more an interpretation than a literal quote - at least I got the author right): "I've seen many troubles in my time, only half of which ever came true." But he also came up with another goodie: "You can't depend on your eyes when your imagination is out of focus." In regard to Sophie's comment, I guess we agree about the volume and pricing and when it will be meaningful.