Could You kindly suggest a few Companies, that look like a good opportunity to You?
Ofcourse there are a few posters here, that will hold it to You, if they go the wrong direction. lol
Don't feel obliged.
Where's this rumour from? They don't have the Money to build a new plant and stated at last conference call, that they preferred to increase capacity in each of 2 plants with 30% each.
Now I understand why Biff allways say 'USA, what a country!'. If Abengoa pulls that trade of, I've got an older Toyota Corolla up for sale for...hmmmm....$300k! Any takers? proliy/prolly? The horn of the Corolla goes: 'honk honk honk'. Just the car for either of You!
Where as Neeley Biofuels showed an average loss of $0.10 per gallon for Q4 2015, the average loss for the first 3 weeks of Q1 2016 is higher than $0.20 per gallon produced ethanol.
From DTN - The Progressive farmer daily ethanol blog by Rick Kment:
Ethanol plant profitability continued to erode, falling another 2 cents per gallon after corn prices jumped higher once again. Even though ethanol prices solidified slightly, this was not enough to stabilize margins given the increased cost of production. Neeley Biofuels posted a net loss of 26.4 cents per gallon of ethanol produced at the plant. The hypothetical plant is used to measure how changes in commodity markets might affect actual plant margins.
There are strong opinions about the oil-price and the commodity market going lower in 2016.
The chinese currency is likely to devaluate, meaning they will buy less ethanol or pay less dollars for it. The same goes for other South-East Asian economies, that import ethanol from the USA.
My guess is, that PEIX Cash-holdings at present are between $30 - 35 mill. and eroding fast.
So much for the Outlook regarding Q1 2016.
I really don't see this as the right moment to buy PEIX shares.
Target reached. Unfortunately for shareholders, the Company is losing more Money than ever. Yes, dollarbills burning with a clear blue, oxygenated flame. Millions of them....
Corn-Price is strong. Ethanol-stocks going up. Again. I dare not buy in this situation.
A dilution could be around the corner.....
I found it easily, since I responded to it and it said the original message was deleted, just after I responded.
Just like You did with todays message. lol
What are Your thoughts related to todays action?
You didn't say that. You said: "$3.03 was the bottom. Watch and learn idiots."
But since You just deleted it, it has gone.
Btw, You said the same when the share was just below $8. 'Watch and learn'.
We're watchin and learnin
I guess one could say, it was a wicked goodbye to $12, couldn't one?
It ain't over 'till it's over.
I'm not complaining! Am having a good time. :o)
I just wanted to know if You put Your Money where Your mouth is.
I can't short and I have no intentions to buy shares in a Company, that burns like $20 mill per quarter. I believe they do at these rates and the Company has about $40 mill. in Cash.
As long as oil goes Down, it makes no sense to buy. It could go to $2.33, as I see it. That would be good fun, no?
On a sidenote, I have bought 1400 shares today in another Company outside the energy sector.
Shareprice $27 and eps per share close to $4 on a yearly basis. It might go Down further. We'll see.
You would be better off assuming that Cash is less than $40 mill. today. They must hope, that markets improve witin 3/4 of a year or they'll be in dire straits.