Are you joking? Do you read the news? BHP Billiton just got read of their South African assets that included a metallurgical mining group.
GLOBAL resources group BHP Billiton’s plans to spin off noncore businesses estimated to be worth $16bn — including most of its assets in SA — will create a new company with flexibility to seek growth opportunities in Southern Africa and elsewhere.
This isn't good
What a PR news release they game that stocked the fire. Under $5 tomorrow.
How are you doing? What happened to the $30 - $40 at end of June, July and now August?
Look at the postings of the last two earnings and those guys are all gone and licking their wounds.
Now, there is a new group of bag holders.
NEW YORK (TheStreet) -- Digital Ally (DGLY_) was gaining 13% to $8.17 Friday, following huge gains on Thursday, after receiving a patent for its VuLink connectivity system.
The system is shipping now to law enforcement customers, connecting the company's Digital In-Car Video Systems work with the FirstVU Body Camera. The system helps law enforcement officers record audio and video from their vehicle and remotely using vehicle cameras and body cameras.
"The new patent is directed to a controller that wirelessly synchronizes multiple recording devices, such as video cameras and microphones," Digital Ally CEO Stanton Ross said in a press release. "When an operator starts one recording device, the controller instructs the other recording devices to also record, and synchronizes the recordings on the various devices. This provides audio/video surveillance from multiple vantage points in order to more fully capture an event, and it allows the operator to quickly and easily reassemble the various recording devices."
There are dozens of start-ups that do exactly the same thing and they are all fighting over pricing and clients. Don't be surprised to see FUEL under $10 after next earnings. It's going to be a disaster. They cannot make a profit and will show a LARGER loss. that the $9 million loss this quarter.
But it will happen. Tomorrow or Friday
it is up 16% today because in the last week 4 insiders bought the stock.
Metallurgical Coal Continues To Struggle
In the first quarter, Alpha’s metallurgical coal business remained lackluster, with volumes falling by around 13% year-over-year to about 7.58 million tons, while price realizations dropped 13% to around $90 per ton. The global seaborne met coal markets continue to see oversupply due to a seasonal slowdown in Chinese iron production, higher coking coal production in Australia as well as weaker exchange rates in many producing countries, which have helped miners lower their dollar costs of sales. Alpha expects the met coal markets to remain oversupplied through 2014, but expects to see better supply-demand balance in 2015, as many of the suppliers in the seaborne coal market are believed to be operating with negative cash flows, which would be unsustainable. The company indicated that large miners in markets such as Australia, Canada and the U.S. have been scaling back on supplies. The company has cut its guidance for met coal volumes for 2014 to 15 to 18 million tons, down from its previous guidance of around 16 to 20 million tons.
what news about BHP? can you give the link? ANR is mainly MET coal but yesterday it was up +4.5% when WLT was down -2% and ANR is hardly changed to day and WLT is down -5%