Oh my...Merry Christmas to the voice of truth too! And forgot sharpei's little dog too! Lol
Prosperous new year!
Merry Christmas and a great new year to you Bar and Cyber and TJ, Makemy, and McMiller...to Sharpei and all the Marks and even the U's out there! (those for the U's I hope our New year is much much much better than yours! LOL)
And to McVootie where ever you are....hope you are well!
Absolutely agree especially when the Nas said they would remain halted until requested material was presented! Well....they presented it and one has to assume it is supportive of the company. Given we are still halted one has to ask the question...what ARE they needing?
So, yes, given the info we have this "pool" will be a shot in the dark...buy hey....it is as valid as all the comments (including mine) that come onto this board!
Good luck to us all....
Well, at least you didn't call me a McVootite! LOL
P.S. I, and all other longs are not going anywhere and IF they trade again I still won't be going anywhere...
Really? LOL By the end of January we might just have the forensic audit done....and if we do then there would be no reason for LLEN to move up. As to my qualifier, "if we ever trade again"...that is simply honesty given the fact that I don't have all the facts. In any case...I suspect I am one of the true long longs.
I'm taking the end of January 2014.....
All I know is that in regards to LLEN it is absolutely true that one day soon, "we will know the truth and the truth will set us free!" LOL
Hope....I am thinking a number of folks on this board might need a cup of coffee because they are confusing their dream with reality. The reality is...we are halted because request for information was sent to LLEN....and while I too hope they were able to respond in such a way to have the halt lifted.....if is VERY doubtful this was part of a grand plan to get GEO. (though they should be one after!!!)
Further, if that was the case, one would think LLEN would be able to signal that in some way. On the other hand, they clearly signaled that they welcomed the forensic audit that is coming via the independent committee as a way to settle these attacks once and for all.
SO...regardless of why we were halted....if the audit is clean and we are lifted we will be fine.
Then again, it is certainly a sign of insanity that I am still defending the company as addressing the attacks so that the price will rise when in fact for Y E A R S we had opportunity to do this and did not. Now we are effectively at ZERO...and now they do something?
Bar, you can say that again! This company does not "fit" the profile Geo points to as fraud...Lee is ambitions and makes some quick short term (and not wise perhaps) decisions but hardly fraud. IF there was the kind of fraud Geo claimed then far more people would have left the board back when Ping Yi got sold. Yes, there were those who left but they clearly left because of my first point...Mr. Lee charges ahead!
In addition, I personally applaud the company for giving back to the community both in Seattle and in China. I appreciate the notion of trying to tackle clean tech for coal. And from everything we have read the "Union" mines ARE increasing capacity.
On the other hand GEO clearly launched a calculated, inflammatory report filled with incomplete information and I know that there will be justice in this one day.
At this point I only hope that my trust in the board, in the filings, and in the potential was not misplaced. If we trade again, if a forensic audit is done stamping book value as over five bucks, given the companies plans....we will be ok. But for now...I focus on a season of hope, light, and a coming new year of possibilities.
May you too find peace as your valley has been much deeper than this little rut!
I too was surprised at the fairly upbeat initial comments by those who had questions. I appreciated the questions that clarified how long the forensic audit would take and how Ian spoke from experience in how long it "should" take....not years...not months and month and months. And we gained the info that they were speaking to someone about this....ok.....not the fear....
They talked about getting a big time auditor back the last time "we" were attacked and while they interviewed folks and apparently was close to bringing them on board something happened and.....it did not happen. So the fear is...they never pull this trigger. I will feel better when they announce they have hired someone!
As to the "large" mines up north....this could end up being much about promise and little about profit......after all we don't have the funds to acquire, right? We will be using a third party....so any real benefit will take some time. What I would like to see is our existing mines get FULLY ramped up.....and in regards to clean coal tech...let's see something TANGIBLE happen that adds to the bottom line s well. When these happen....when we get clarity and growth on what we have....and when we begin to get a sense of forward guidance then we will move....assuming of course we trade!
I hope we do....I am here because I think they have potential....I think we have a good board....but I also think Mr. Lee might want to fully engage that board.
Good luck to us.....
Here you go, "Chief Engineer of Shenhua before being promoted to Chairman CEO of Shendong Coal Corporation" He is a valuable addition to the board.
Nominations for the "line of the week" are now open and I nominate Mary for:
"There are apparently a lot of villages absent of their idiot."
So, do you think they have formed their own village called Idiopolis? Or maybe Shortago? LOL By the way, yes good post! I am solidly in the same camp...plus I like that that they gave back to the communities where they have served...this also speaks volumes.
1. Forensic audit....YES!!! And it should take weeks not years and probably not months.
2. They continue on the path of mine capacity expansion...wholesale expansion....and acquisition of northern mines. (this was NOT new....but IS confirmation they are mining and selling!)
3. They want to put to rest accusations...
4. Lee at the end of the call seemed to let it slip that by the time folks come for the tour there very well might be some good news to share. (I assume about either acquisition or clean energy...but he did clearly indicate something is brewing and soon)
Finally....the above and the other "normal" things they said do not point to a company that will be on pinks.....
Personally, I wrote him a quick note of thanks as it was a good solid call.
Given the dilution and the effects of the ironridge global debt situation as well as the projection of doubling production with the current mines could they give a rough range for earnings in the coming new fiscal year.
OR....do they still project to be at 1.2 million tons of production by the end of 2013? or by the end of 2015?
Thanks. I would ask the obvious (about the halt) but I can believe they would know the answer and if they do...they probably can't say anything...so we wait.
I hope you can post some thoughts on the call. Thanks
I thought I posted this once but it seemed to disappear....would some trusted folks post points from the call and any surprises that you heard. This will be a call I will miss. Thanks