Actually it is you that is a idiot.... holding and hoping and maybe praying this made you SOME of you 100 bucks back.. 4skin,..... montana oil finder ....loser...all one in the same.....your "WE"..... cause we are dealing with your multiple personalities and Aliases here!!!!.... when I give you a bone... loser... you should pay attention... Your .....''WE" Dej and petef has gotten you nanda...nothing ...zippo... loserville...
4skin, this will make you some of your money back... but being bred from inferior stock maybe you don't quite get it ...
Enjoy ! Idiot number 2!
A little more math and a little simple perspective on peix rough rough costs!!!!
160,000,000 capacity/ 2.8 gallons ethanol per bushel = 57 million bushels corn input
those 57 million bushels cost 238 million bucks( corn at @ 4.2 $ per bushel)
160 million capacity times 1.9 dollars per gallon = 304 million revs on ethanol sales
304 million-238 cost of said bushels = 66 million (rough rough net / year!!!)
They have 16 million shares at 4.52 /share= market cap of 72 million bucks
So super duper rough they are selling at EBITA On another note look at gpre and what they sell at for as a multiple... You will see why I am excited and looking to buy more!
I have just recently bought PEIX on a tip from a friend. I bought at @ 3.72 this week. Today its at @ 4.52. Lots of other people are doing the math below evidentally, In the last 3 days they have had @ 15 % of the outstanding shares traded in the U.S. .....Corn prices will be relatively stable till the spring planting season and ethanol stocks(the product) are going down
1 bushel of corn = 2.8 gallons of ethanol
4.16 a bushel =2.8 gallons ethanol per bushel *1.90/gallon
4.16 cost = $5.32 ethanol per bushel
So you have a 1.16 crush spread plus corn oil addition plus ddgs solids addition into the bottom line then minus the price of natural gas price for drying ddgs solids and the fermantation process and of course labor and plant cost.
In PEIX case they have 160 million gallons per yer capacity in the 3 plants operating and you have a cash machine...
@ 16 million shares outstanding Wish I would of bought more! But will accumulate on any weakness.
Looking at the chart, try to buy near 4.20 ... I also think the tutes were accumulating on the flat line yesterday afternoon. I am pretty excited about them, also Keith Schaeffer has been touting them,,,, and buying them and other refiners... ALJ, NTI, GPRE, Valero....
It's cold here in Minnesota Brr rrrrrr Thats why you all have got this treat!
First off, I am a share holder again. Much smaller than in the past when it took me a week to get out. Although I did take a whack of shares on KOKO announcement.... for a trade but the share price didnt rise as much as I had hoped and traded out. BUT A couple of things.
* Propane and natural gas, are going up. Do I see the trend up continueing thru the winter???? Yes
Is this good for DEJ... yes to the bottom line ... a little
* @ 2 Natural gas rigs down among a thousand or so in the country... that won't mean beans
* These numbers that management throw out for the NPV numbers ... well I don't trust them and they are pie in the sky ...wishing they were that numbers.... Why... because they have tried for years to do JV'S and we get the take it in the #$%$ drilling fund to drill Koko... Buddy buddy stuff no less!!!!!
* Lowering expenses by 40%..... I will believe it when I see it...... my question is... Why wait till the New year???? Why wait , when it was overdue years ago?????
*Do I trust management to do the right thing??????????????????? ABSOLUTELY Not! Missed timelines and outright lies have been made quarterly. Do I trust them to Not DILUTE?????... even at these prices.. No !!!!! NO!!!!... because remember the buddy buddy stuff above.... the insiders will take some of the new float... with warrants.... and then they will sell DEJ for a few extra beans... all the while raking in money for their pockets
I have no reason to trust them. Will the next few months be interesting... oh Ya!... Now the Question is... do I take my 23% profit and run...(Put the money in Bellatrix, Pacific ethanol or ithaca, or mart) or wait hoping they perform a miracle? One thing is certain this last drop in share price has caused more layering of resistance up! Thats my 2 cents for today
The stock price will go down. Will take another 50% loss overnight.. A chinese stock that I used to trade around earnings was cdii. The same thing happened to them, now they are sub 10 cents like DEJ the last time I looked. They were almost 3 bucks at some of my trades.
which will be another lesson to you..... STAY AWAY FROM CHINESE STOCKS!
I completely agree with you in every word! Management was part of the reason I invested heavily also , along with 5 friends too... I made money only because I plugged my nose when I bought at 13 cents before. and rode it back up, they lost money.
Management got themselves into this. I just wonder if they can get us out?
My question is... Are they that inept that they couldnt fix this before... earlier... or are their prospects that undesireable....hense the reason we are in this position?
Also the outrageous salaries are a large part too
I bought another batch on Friday morning of iona even after I already bought a batch with my coastal shares earlier in the week. I suggest you just buy a little like I did... adding in the debt they are selling at about 50,000 per flowing barrel now. Thats pretty cheap.
Personally the best thing for everyone involved.... and I know some people are going to tell me I'M F...ing crazy but selling the company outright at 20-25 cent a share... the circling vultures know they are desparate now.
Suicide yes, but this is DEJ. At this point nothing would surprise me.
MJ, just because I am a shareholder again as of today doesn't mean I am going to put on some rose colored glasses, plus I took a very small position for me, just because I can't trust them!
They are cheap but they are along way from out of the woods here and there is 10 cents of downside yet.
This is another lottery play Mjmosely, ... as I have always said these guys are cheap and that's why I am here. This is really really cheap here!!!!!! Took just a little bit and not even remotely close to the position that i had before. I would rather buy higher after I see the ship on course. Management should of made changes years ago, just hope it isn't to late for some of you.
Well if that's all you got, groveling about my use of English go ahead. Shows you're running out of material.
But, look at my use of "your" in my previous post, it reallly does show your're grasping at straws. Enjoy your pumper heaven tonight. I have something better to do than fight with the Newest DEJ board Idiot of Auggie spawn!
Why do I bash????? because of Auggie originally over a year ago after I sold all my shares and announced it... took me a week to get out because of the amount of shares i had to sell and the last day when I just hit some asks... and some posters wondered what hit them.
Lately the last 6 months it was because of theunrealfacts... who spawned MOM... who followed me to other message boards because I disagreed with his rosy palm view of DEJ ... My guess is theunrealfacts is now slavarus. He (theunrealfacts)is in hiding because he has been shown to be a idiot, the same reason he put Harit RC to bed.
These gyuys are really really cheap now... but Mosely I would be scared to death to try to trade them even, because they Are desparate... Plus I CAN'T TRUST THEM. That says volumes to me... it is getting to the point that I may wet my feet for a trade..... Maybe
Me.... I think you bought at least a day to early... We will see, Like I said Mosely, you have been one of the few here that at least didn't have rose colored glasses on 24/7. Keep your fingers crossed cause I'm thinking this isn't going to go well!
I noticed a change in you about a month ago. You were one that used to get on my case here.Yes, Management has to to something!!! yes..yes..yes...That is what I was saying a year ago.Inflated salaries and outright lies... Should they have been fired.... Most definately.
Everybody knows why I am here... bash sure... but these guys are really CHEAP! on a true value basis. BUT!....My question is... Do you think its to late????? they should of done this years ago... cutting expenses operating on a budget... the tutes saw this... most of you guys and Girls should of too!
Why wait till Next year to cut expenses?
Why wait nearly a week till the put out the delisting notice?
I have so many why's that will never go answered ...But always what comes back to me is these stuffed shirts were only in it for themselves..
THAT WILL TELL YOU WHAT THEY ARE GOING TO DO NEXT. And in my honest opinion this isnt going to be pretty for you all... They've waited to long!!!!. That s how you gey 14 % interest loan... with no principal payment... Thats how you get a drilling fund putting up money at 125% return plus then a 75% equity interest after payout(If I recall ther numbers correctly)
Thats called desparation.... Just remember these guys are desparate!