The problem with days like this, most of the smart buyers took Friday off, and only the dumb sellers and spammers are left trolling for more ways to be a loser (except for me of course, as a consultant, I do not get paid if I don't work:) so I'm just sittin' here watching the time go by until 5PM, working all the while of course.
also i checked that was not a real trade -it was to test if the trade would go through on the new symbol - that's all - not a real price or qty. but it is not yet open for trading. not even sure if I know what exchange it will be on. Once in a while I try to touch base with IR - I have the impression, trustingly, that they are working in the best interest of all shareholders which would make sense since they are heavily vested themselves.
That seems to be the sentiment - light volume with loose hands and traders flattening their positions before the weekend. But long term I don't see investors getting out: I thought this might be interesting from '4 dash traders' site from Wellgreen Platinum (first part of article): From Africa to China to Russia and Indonesia, a perfect geopolitical storm has built up for dramatic global impact on platinum group metals (PGMs), which analysts predict will propel prices for these metals to new highs in the foreseeable future.
In South Africa, prolonged and deadly labor strikes over the last two years along with spiraling operating costs from deep underground mines have crippled the world's biggest platinum producers. South Africa sits on about 80 percent of known reserves of the white metal and Credit Suisse reports that the ongoing strike action will result in 1 million extra ounces of the precious metal remaining in the ground in 2014. Standard Bank Group (SBG) estimates this, coupled with ongoing demand increases, will create a market deficit of up to 795,000 ounces this year which equates to approximately 15% of global producer supply with no ease in sight.
These supply issues are largely structural in nature and, therefore, are anticipated to continue for the foreseeable future. According to Bank of America-Merrill Lynch, platinum should average $1,554 per ounce in 2014, up from $1,488 last year and average $1,775 next year before advancing to $1,899 in 2016. Supporting this assessment, SBG projects continued supply deficits for both platinum and palladium through 2020 with price projections reaching $2500/oz for platinum and $1250/oz for palladium, despite expected increases in recycling. ...to be continued....
It continues... ""There's no doubt that platinum miners are struggling in South Africa and it could take years for global production to recover," said Greg Johnson, President & CEO of Wellgreen Platinum Ltd., after marathon wage talks with 70,000 striking workers collapsed last week triggering a fresh round of violence in South Africa's platinum belt.
Alongside South Africa's platinum woes is the crisis in Ukraine, which is putting further pressure on the supply of palladium, platinum's sister metal, which has already been seeing falling mine production since 2004. International sanctions against Russia, which produces about 40 percent of the world's palladium, could push palladium prices to more than $1,000 an ounce, say analysts.
PS Wellgreen is based in Canada and part of the rest of the article points out that they are in a politically stable region. I think South Africa is a bit unstable with the big three and between the unions and ANC is sightly unpredictable, however PLG has a lot of experience here and has always maintained strong positive relationships and up to now has remained unaffected by the turmoil but the overall situation seems to weigh on our stock price. What can you do but buy more, that is if you can do that? I figure the best and also easiest thing to do is just wait.
Did ayone notice the new interim qrtrly report published today? I did not see anything extremely huge. It looks like one of those slightly improving here and not somewhere else over all flat. But the market seems to have liked it. We closed at .38 on 25300 shares. That aside, there were a few paragraphs on recent activity, "We just returned from very productive visits to India and Saudi Arabia and are involved at high levels with leading companies in the developing markets that can benefit most from The Answer® technology--Brazil, Mexico, Africa, the Middle East, and Asia. We are leading innovators in our space and equally tenacious in execution." To me it sounds like progress, good things in the works, but we are still a few steps away from graduating from being a development stage company. Not far from break even. Etc. We have enough to continue to "June 30, 2014". I wish I had some better assurance of our survival such as growth, influx of new orders, a couple of new customers. But I am sure they are restricted as to how forward looking they can be, if they aren't restricting themselves. All I can say I am in deeper than I should be in that I did not think it would take so long to ramp. China still seems delayed more than anyone expected. I wonder why there is no mention of the new and improved ultra high speed filler being touted in Germany by Alfa Laval. It sounds like a souped up version of the one we introduced last fall - but they have a whole selection of high speed fillers. I assume they are all sealed Air/ IDC related. Anyway.... June is soon. I hope something starts percolating on the order front.
on 10000 shares volume? I enjoy the enthusiasm but I think we need volume to increase and spreads to narrow before she can exit gracefully. That will happen after break even and we are forced to expand production to fill an explosion in orders, with growing backlog. Then the fairies will sing.
I didn't mean to sound like a Debbie Downer. The report is full of updates, so read it carefully to get the most out of it. It was more exciting the second time I read it, with the Disney deal signed, the CEO and COO are meeting with Pepsico China and Tingy in June. Pepsico China is interested in visiting NY to see the high speed filler. Lots of must read new stuff going on in India, Saudi Arabia (new joint venture), South America, Africa, all around the world. This small team is very active, certainly not vacationing (sophia).
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if kingly has to post so frequently it makes me wonder if he is so confident in his investment. sounds more worried that anything. nice to be in the .30s - think it could go to a dollar midterm if we can really jack up earnings and that means to .05 in the next 18 months. gotta be real. I will be happy with 50 cents though personally, -j
Cool - despite the political situation! From the Economist today w/ editing for length: THE joke circulating on social media is that South Africa’s cabinet is growing faster than its economy. Figures released on May 27th showed that GDP shrank in the three months ending in March. Two days (ago) (the) newly inaugurated president, Jacob Zuma, announced a cabinet of 36 (with 37 deputies)..(this) signalled that getting things done came before keeping colleagues happy. But so bloated an executive suggests that Mr Zuma’s real priority is shoring up his support within the ruling African National Congress (ANC) and ... allies. Politics trumped policies.The reform-minded Pravin Gordhan was demoted from finance minister to a local-government portfolio.. which ...sends “an odd signal on policy”, says Peter Attard Montalto of Nomura, a Japanese finance company. Rob Davies, a communist, retains his trade-and-industry portfolio and another comrade, Ebrahim Patel, remains in charge of economic development, though neither has generated much in the way of trade, industry or development in Mr Zuma’s first term. A strike by platinum miners, now in its fifth month with no end in sight, explains much of the recent fall in GDP. Yet the labour minister, Mildred Oliphant, stays in her post. In his inaugural speech Mr Zuma ...spoke of strengthening the role of the state and its affirmative-action policies...in keeping with...recent legislation which is hostile to private investment, especially from other countries. South Africa (thus) relies on foreigners to finance the budget deficit, as there are not enough savings at home to do it. The economy needs to grow by 5% or more to create work for the 7.4m working-age people who are either without jobs or have given up looking. On its present course Mr Zuma’s new government has little chance of achieving that....
JOHANNESBURG May 30 (Reuters) - The South African rand fell against the dollar on Friday, hitting its weakest level in a month, after central bank data showed a wider-than-expected trade deficit.
South Africa's deficit widened to 13.03 billion rand ($1.3 billion) in April from 11.39 billion rand in March.
The rand was down 1.6 percent to 10.58 against the dollar at 1606GMT, after earlier hitting 10.5935 - its weakest since late April.
Emerging markets struggled across the board, with the rand the weakest in a basket of emerging market currencies tracked by Reuters.
"Today the rand was under-performing. It is certainly the lowest performer of the day and that's due to the trade data," said a Johannesburg trader, adding that the currency could be weaker in the coming week.
Reserve Bank data out today also showed growth in credit demand from South Africa's private sector had slowed, from 8.73 percent in March to 8.27 percent in April.
The wider trade deficit, combined with the on-going strike in South Africa's platinum sector now in its 19th week, signaled continued pressure on South Africa's current account and a fragile economy overall.
FYI - Cad / ZAR now about 9.74. This works in PLG's favor in terms of costs along with the fact that SA needs foreign investors more than ever. Not to mention PLG is a favored company over there. Management has been very careful to form strong and positive relationships all around. Cheers. PLG has been very cooperative and also sensitive to the concerns and needs and safety of the locals and all employees.
It is a possibility. With what is going on now, interntational developments etc. explained int he report, and everything I doubt he would let that happen. It would definitely not be in his or any other shareholder's interest. I get the sense that he is even getting more aggressive to make it work.
Excellent. I'm glad to hear. Anyone who has been watching lately can see that the Platinum Group Metals are the hedge, not gold. Gold fell off a cliff last week. Platinum holding tight. Two good things about platinum, as it grows in terms of a currency hedge, and a jewelry metal, it also grows as the economy grows. Demand increases as people buy cars, and also remember Amoled screens are replacing LCD. Each molecule of OLED coating an AMoled screen contain a core atom of Platinum. Dis you see the Galaxy S, the Samsung Curved 55 inch screen advertised on NBC. Yes AMOLED. Apple adapting eventually. LG AMOLED TVs on the way in the second half of this year. But you never know. It looks like this strike could last until the endof time. The deep mines are not profitable enough to pay the workers a decent salary. PLG with its low cost shallow reefs and highly mechanized approach may make it the only viable big Platinum miner in the coming years. Platinum will be higher priced I suppose to if the big three can't get back in the game. You never know but it seems PLG has been doing all the right things. That's why I reloaded up recently. The risks in SA play in our favor. PLG is sitting pretty. Just sit back and watch how it plays out over the next few years.
Nationalization is a pipe dream for uneducated simpletons who may as well shoot themselves in the feet in the hopes of running faster. It won't make the country richer or more in control or more powereful but it will merely fall into mismanagement and a quagmire of corruption which is always the end result of thievery which nationalization is and which has the opposite effect of an ecnomic stimulus. Zimbambwe is a good example of what happens. Does SA really want another totalitarian murderous villian Mugabwe with a complete devaluation of their currency, while the bottom 99.99999% of the population suffers in misery? Yes the conditions in SA can get much worse and nationalization and discouraging foreign investmant are how to make that happen. They are so poor they can't affford to pay their debt without help. They need help and it can only come if they can make the environment attractive to foreign investors who can create jobs, introduce better technologies, and heklp to grow the industries. I live in NYC. I can see first hand how foreign tourism and investment for example has helped our local ecconomy and real estate and even made our city more interesting culturally. It would be a slum if gov't took over the businesses, and scared away foreign investment by corruption, theivery, jumbo grab it all tax poilicies. Even the USA has a generally high tax structure which is neceesarily coming under review, as some companies are leaving to other countries more tax friendly. The ANC decided against nationalization of the mining industry and made a formal statement about it a year or so ago. I don't think it will happen unless there is some kind of huge military coup by a greedy tough guy or an invasion from Zimbabwe neither which I can see anywhere in my crystal ball.
For this to go to $10 the stock would have a market cap of 800 million, about 24 or 25 times what it is now. That would require some serious ravenues with good margins. I think that would could have a PE as high as 20. That would mean we'd need .50 EPS or about 40 million bucks earnings. Lets say we'd need revenues of $60 million. Where are we going to get revenues like that? Does anyone want to gander a breakdown, $$ from taps = ?? + $$ from ultra high speed fillers = ?? + $$ from other bag in box tech ?? + $$ from consulting = ?? + $$ from grants, sponsored R&D, joint venture, other = total $$ ??????. Not at all impossible to achieve, but wonder how it it likely to add up. For $30 a share revenues of 200 million? EPS of $1.50 to $2.00 or $120 - $150 million?
I have IDND as one of my biggest holdings now and hope it goes to $2 or $3 where I would be very happy. But some here think it is reasonable to expect $10 to $30 and have been here longer than I have for sure. I would like to understand the scenario wherein it goes to $10 or $30 or beyond. If reasonable then I would change my target price. Thanks - J; PS (and OT) I went through the 1987 crash, and also the 2000 tech bubble so I know what it is like to overpay, lose, wait for something to recover, pan out etc.. Since 2006 I have achieved over 8 years (with a couple of down years mixed in), double the S&P average returns, even after withdrawing all of my initial investment and then some. My other current biggest investment is a stock, OPVS, with no revenues to speak of and could start trading in the next couple months on the BB, but it has solar technology that is beyond what is out there today (cost competitive with the grid in inorganic and organic solar and hybrid based on R&D from UM and USC mainly), but it is better than the grid because it is clean. Of course at night you might still need the grid (or a few big batteries). OPVS is busy getting ready for becoming a publicly traded company. But I hope this also makes $10 a share, even $30 if all the dominoes fall as they might. Energy is a huge market. It should start trading in the $1.00 to $2.00 range when it does. I invested a lot here, and it would be profitable for me at $3 but if it went to $10 it would solve my financial issues, plus pay for my kids' tuition. Obviously I have been a big risk taker and this is definitely not for everybody. Their website is being cleaned up - but if you want check, it is *** dot nanoflexpower dot ***.
Thanks - I hope it pans out like that. I have another thoguht. Pepsico’s Spire comes in three sizes and uses bag-in-box. This unveiling is going to be extremely high profile and even has Coke on the defensive. Don't you think they would be utilizing the very best in dispensing technology such as IDC's taps to avoid any public faux pas and to be sure to have the bragging rights before Coke does (and they are only a relatively inexpensive component)? I can't read minds that well, but has anyone thought this might be part of their (Pepsico's) plan to integrate IDC's technology into their product line and maybe IDC just can't say anything until some contract is signed or has permission to discuss?