hadn't even checked.
what goes around comes around - couldn't have happened to a nicer guy! and right after they just floated all that new debt! took 'em all to the cleaners.
thanks - I'll have to check it out!
"I would not be surprised at all if we get an announcement from management that the mine has regained access and is set to reopen and that such an announcement comes much sooner than eight weeks perhaps even as soon as a month from today. "
I think that is as good as wishing upon a star - you're fooling yourself big time if you actually believe that.
"If access can be safely re-established, mining operations into the A and C Beds could possibly resume in the fourth quarter of this year. In the event that access through the "D Drive" into the Lower Quartzite haulage route is not possible, the Company is currently evaluating alternative development plans in order to access established mining reserves in the A, C and I Bed mining areas. "
So far, when Shanahan has given any guess as to when operations might resume it's just turned out to be a delay tactic kicking the can down the road. I don't doubt for one moment that the guy is doing his best and managing expectations appropriately. However, anyone who reads the transcript from the last call and particularly the Q&A (see Jessica Pendal's final question and Shanahan's response) not even two weeks ago, and then reads the press release yesterday has to be asking himself "What did Shanahan know and when"? I'd guess by the way he answered the question on the call, he may have already known the situation, but they simply had not decided what they would be doing in response. That's just my gut feel.
In any case, I personally feel quite confident in posting my belief that there will be no mining during 2013. The question at this point is how long the cash will last, and what will be the path chosen for raising more money and at what time will that occur?
I feel sorry for all the weak hands that were scared into selling by the lies and nonsense posted here by jk with his 5 aliases along with all those who were nothing more than short-term traders who bet wrong in the past.
Hopefully a bunch of you idiots shorted lots of shares below $9.
Better start pulling out all your ids and get to work - the stock is clearly not doing what you said - so that means you were wrong this time.
It's just the first of many times you'll be wrong about the stock/company the remainder of the year.
Not necessarily to "encourage" a pump and dump, but to provide the (my word) "illusion" that the stock should be fairly valued at his purchase price. Also, as we both know, a measely 1000 share purchase for less than $5500 hardly shows a high level of conviction on his part.
longtimefollower • Mar 21, 2013 10:01 AM Flag
Shorted at $2.25 at the opening.
The guidance was poor. Aren't the new lines supposed to gussy up results? Blaming the weather is just not good enough. They are still going to lose a lot of money this year. Even if they, say, reduce the loss by another 1/3 this year, that's not good enough. Besides, I'm not convinced they will. The CEO seems to be going out of his way to sound as cautious, and uninspired, as possible.
We may not go below $2, but then again, it could retrace all the way to $1.60 or so
Thanks buddy - will look closer.
I wasn't impressed with the "profit" posted this past quarter as it was entirely from the gain on debt extinguishment. I also see revenues still contracting.
Anyhow, will make note of it and keep it on the radar for when the expected pullback comes.
Couldn't care less about ltf. Just thought it was interesting that he was here and passing judgement on everyone and has the nerve to analyze smaycs4 or anyone else considering his own spotty history on investing/advice.
As smaycs4 can attest, I follow insider transactions, so the purchases by Russomanno hit my screen and I investigated. It's not very difficult to see what's taking place here - you do a good job confirming it.
You'll learn the hard way, but it will be memorable which is what's important.
Howdy friend - we meet again.
That latest director purchase looks like it was more for show if anything.
This entire movement is little more than pump and dump kicked off by the SA article.
I suspect the stock will be back to $3 and likely lower once the natives have had enough and trample over each other running for the exits. I'd give it a few weeks. The reality will hit most of the neophytes in the face if they're not out by the next earnings report.
longtimefollower - You were so wrong on PSUN it's laughable. Remember the quick 17 cent profit you made on the short your were crowing about last quarter? All the trash you heaped upon the company? Well anyone who didn't listen to you is currently up 50% from that day. Interesting how you haven't been seen there again since.
As far as HTCH, show me an officer putting up his own money and I'll think more highly of it. No reason for the stock to be triple or more what it was in December. Last earnings report was nothing to get excited about. Company will continue posting losses quarterly for at least another year. HTCH is going to give back plenty more than the piddly 17 cents you peed in your pants about on PSUN.
Everything you say is true, and I fully subscribe to keeping a close eye on the insider purchasing.
However, that being said, in the near-term, my belief is that the stock is going to go lower before it goes higher. My own perspective is that while insider purchasing does speak volumes regarding the longer-term future and optimism about the success of the company, in the near-term it doesn't always indicate the same.
Insider purchasing will put the company on my radar screen, however, the recent earnings announcement gave enough clues/guidance to imply that the changes necessary will not fully realize the end-result for a couple more quarters and the stock may trend lower in the near-term. Guidance for the current quarter of sales in the $21 million to $23 million range are clearly telegraphing a loss to be posted - breakeven at the absolute best. Have a look at the June 2011 income statement for a preview of what $23 million in sales will get you on the bottom line - and my guess is that the cost/SG&A structure of June 2011 will turn out to b lower than the spend in the current quarter, so again - likely a loss coming for the current quarter.
Considering all of the above, I'll sit on the sidelines and be watching for more info to become available that the changes implemented are taking hold, or the stock falls to a level which I think is below where it should be. I don't think the stock is there just yet.
Nick and Cabillot are waiting for you - $1.90.
Tuesday = 3510 shares each
Monday = 310 shares each
Last Friday = 3805 shares each
But you did put money into this stock.
Too bad you sold so soon - clearly it bothers you having done so.
And with PLSB getting hammered today, you must feel doubly as bad. Understandable.
There's one on every board.
Since it is so quiet...it should give you a fairly good idea...of how many belonged to the one...otherwise he would be here reminding everyone...how right he always is...with about...30 posts an hour...