Gold heading back to 1300, Pt almost back at 1000, Palladium over 600 and Rhodium over 700! Silver giopng to break back over 16 soon?? Cheers. Obvisously money is going down in value.
In sum, I thought I was able to find a couple of positive points. Even though the 10-K was overall not exactly full of bright highlights and stunning progress, I felt there were a few worth mentioning without speculating too much. As with most companies at this stage of early commercialization, it takes longer than expected. For investors that always seems to be too long especially if you're watching day to day. That part makes you feel like you are in a car on vacation and never getting to your destination. Not there yet. I have another stock IDND which is similar and they already have a customer. I plan on living past 100 so I think I still have enough time to wait.
The 10-K says: "The terms of the joint development agreement require the counterparty to pay Nanoflex up to $120,000 for the Company's engineering related expenses upon successful completion of a proof of concept." Interesting we were paid $119,998 ! Do you think that's because there may have been a successful completion of a proof of concept? Also in this 10-K the technical team appears to have been established. This means we can do things we couldn't in 2014 such as actively work on prototypes with industry players toward product integration and ultimately licenses. The 10K also says, "Once we are able to initially demonstrate the efficacy of our GaAs processes and technologies on (a) partner's fabrication process, we expect to be in a position where we can sign licenses covering further joint development, IP licensing, and solar cell supply.". The last 4 words imply more than licensing, as in maybe contractual manufacturing and reselling which makes sense. The margins should still be high even with a major price reduction. We could even use those final products for real life demos.
We know they've been working with several large companies including Heliatek, Alta Devices, SolAero, and others (from discussions to informal and formal JDA(s)). These partners have great respect for the research & patents. Organic solar is a nascent industry and due to competitive alternatives it's been slow to take off. In the 15% efficiency range and potentially higher is it now viable because it is so cheap. We are keeping our key patents fresh. What we have on the inorganic side is new (2012) is where most of the interest is focused now. These ultra cheap, flexible, light weight, long lived, GaAs thin film panels have conversion efficiencies more than 2X that of silicon. Nanoflex is focused on streamlining the manufacturing process to enable more panels per day per wafer without any damage to the original wafer. This achievement was considered to be something of a holy grail in the industry and we have a flurry of fresh new fundamental patents wrapped around it. Maybe they don't need to Publicize it as the main players are already well aware. They are trying to monetize this IP ASAP and the sooner the better! As a shareholder it would be nice to know what's going on here at the stock market races but probably the most interesting stuff is proprietary. But the big elephant in the room is the $200 million accumulated deficit and miniscule revenues to date. That money represents money funded by investors and creditors like me and what they are trying to turn this company into. If they do sign a near term license agreement with SolAero as they anticipate, this would be a big step in the right direction. Other agreements would follow. The accumulated deficit will be paid back in the value of the company itself. This is my hope. It is now a possibility. I'll be very happy to take some profits once the company gets to $5.00 a share. Still looking forward to that happy day. If we get there, with all the shares they own, it'll be a happy day for management as well.
I don't think it will get stolen with 75% of the stock owned by 15 institutions (if my memory serves me correctly) who have all been long for several years. And I think Liberty (their biggest or second biggest investor) even loaned them 40 million at a favorable rate recently when they sought additional financing). I don't think we have to worry.
Yes I agree on all counts. I'm hoping common sense will prevail, in which case we are back to normal. If gold and silver can hang in there we should do very well here. I think all these Law Firms have the same software that automatically launches 'potential' class action suits. They come in each day to find out who they are suing. I don't think they even know what happened.
This is the lastest news: The stock of NANOFLEX POWER CORPO (OTCMKTS:OPVS) registered a decrease of 4.71% in short interest. OPVS’s total short interest was 8,100 shares in March as published by FINRA. Its down 4.71% from 8,500 shares, reported previously. With 2,000 shares average volume, it will take short sellers 4 days to cover their OPVS’s short positions. The stock closed at $0.997 during the last session. It is down 66.66% since August 13, 2015 and is downtrending. It has underperformed by 61.40% the S&P500.
NanoFlex Power Corporation is a development-stage company. The company has a market cap of $47.92 million. The Firm is engaged in the research and development of solar technologies. It currently has negative earnings. The Company’s solar technologies enable thin-film solar cell implementations.
I guess some of the shorts are taking profits. Longs were on the wrong side of this one up to now. So far this the biggest loser in my entire 50 years of investing (I started young). My wife and I hope it will pop this year. Will something good happen? And if so will they tell anyone? I hope so. The stock will have to quadruple for me to get my money back (considering inflation). I was lured into investing here over a decade ago and with a lot of optimistic statements regarding going public by 2007 at $10.00. Did they stop caring about the stock price and ROI for investors? If so, that is very inconvenient for investors. Last year it finally made it to the bulletin board to trade publicly but today's price is the equivalent of $0.19 (in the context of 2005 - given that earlier statement was made prior to the 1 for 5 reverse split that happened in 2013).
It was a good deal for SLW who wanted to fix their cost on Silver which was much cheaper at the time of the deal. It is good we can satisfy the quota and sell at least some of it at spot. Maybe we should make that operation more efficient so we make the quota sooner and within the same year triple the amount of silver we produce beyond the quota.
Did you see the latest PLG Update? Today's update looks very positive to me. I'm Looking forward to the resource update later this month. Check out the update in today's PR. Some things stood out:
1. The new emerging high grade T zone adds a completely new dimension. Waterberg will now be considered a mining district to be prioritized rather than as a single deposit in the ongoing Pre-Feasibility Study
2. Multiple High Grade 'Super T zone' intercepts including 13.91 g/t platinum, palladium and gold ("3E") over 11.87 meters;
3. Multiple "Super F zone" intercepts creating targets for shallow resources at less than 300 meters vertical from surface
So what's the deal. The APA is being challenged by the Tax Authority. They probably just see it as a potential increased source of revenue, but that is all. Once we meet and discuss this we should see the agreement extended and ideally made permanent (and we will be exempt from being taxed at spot when the actual revenue we receive as required by the structure of the deal we signed with Silver Wheaton is much lower). In South Africa they try to do the same thing. For example the SA National Congress has tried to prevent mining companies from closing down mines that are not profitable in order to protect jobs not realizing that if companies are forced to operate unprofitable projects they can go bankrupt (resulting in no jobs at all). They have tried raising taxes to the point where there is no incentive to grow revenues and in some cases even operate. I think politicians are out there trying to become popular locally, but then have to face reality. Many locals view foreigners as opportune interlopers (what's new?). But every country needs foreign investors and trade if they want a robust economy so it finally pays for them to be friendly and reasonable. Here it looks like Mexico wants a bigger piece of the action than exists. Can they tax silver sales at spot when we are only getting $4.00? The effective tax would be higher than the total revenue. I suppose we'd have to try to renegotiate the deal with SLW, such as we sell the silver at spot and then pay SLW the difference and apply the expense against the revenue netting our income at $4.00. We could do that and not require any exemption, but Mexico gets no additional tax revenue either, and SLW is a Streaming silver company, so I believe they would not be interested (in the cash in lieu of silver) or the deal wouldn't have been structured as it was. So why waste everybody's time. I think they should just renew and make permanent this exemption.
Well the stock is up at least. Is it because metal prices are poppin' again, or because it is so likely that the legal challenge to the APA is so illogical and unprecedented that the market realizes it will quickly be dismissed? Maybe it is both. The assets are worth more, and then also how can you be expected to pay taxes on imaginary amounts of money? Thank you. Other small miners are up too *(like PLG) so it may just be the metals prices. I guess you can't always assume legal resolutions will be logical. They should revisit why they agreed to the APA in the first place. Is somebody new in the picture who can't get his head around it?
I just bought 3500 shares. I think this is an easy win even if it flounders until they extend the expired agreement. The last time I got in it was at 2.25 and it went to 7 after they signed the agreement. Forget the lawsuits. They hold no weight. The agreement expired and they just have to extend it or make it permanent. You can't be expected to pay real taxes on purely hypothetical revenue which never existed (nor does nor will exist). Should you have to pay for things at the store you don't buy? Same argument. Gold looks healthy too.
If we are a Solar research company we should publish some of our results. 2015 is ancient history. We should not only be innovating we should be talking about our innovations! When someone thinks of Organic Solar or thin film solar, Nanoflex Power should be the first thing that pops into mind. What are we all about? What are we doing?
Looking at t plain vanilla chart I looks like 2.50 should be a good support level if nothing is wrong except for profit takers taking profits.
The only problem with the horizon is no matter how far you travel, the horizon is still on the horizon. Like tomorrow is never today. But I'm pretty sure Sophia is not correct. That is, the next report won't only be one line saying, "good bye", written from jail etc.. I think we will see progress expanding and I hope an increase in revenues, customers.
One more thing he mentioned was that all 15 of these top investors have sent people to both sites and have done their own audits and have been with them already for 7 years. I personally doubt they would bail now... I think this could eventually go into the $20 to $30 range. Just wait until Waterberg is at full steam ahead. A lot of interesting details in the call. Best to listen and take notes. You can always call IR.
I doubt you'd go for the short term profits if you listened to the latest call. The numbers add up to a much higher value and he mentions that we'll see the inferred resources numbers jump in March when they've completed the new calculations. This company should be a money machine for the next 30 years. It is expected to be at cash flow positive this year. The first million dollars worth of concentrate was produced last month at startup. 15 shareholders (Liberty and Blackrock among the biggest) own 75% of the company. No buyout at this price for sure. He used the word 'unicorn' in reference to the Waterberg discovery. I am very comfortable.
In it very long term. Also don't want to pay the higher short term gain rate. I will check out the conference - thanks.