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Southern Copper Corp. Message Board

rogluther 54 posts  |  Last Activity: Nov 19, 2015 1:24 PM Member since: Feb 5, 2007
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  • Reply to

    I'm Back

    by rogluther Nov 18, 2015 7:52 PM
    rogluther rogluther Nov 19, 2015 1:24 PM Flag


    Don't you think I know when the Honda contract expires?

    As far as being a stupid MFer ........ I seem to recall It was you and beendown who were spreading BS when you continually stated that the Distribution Centers were big cost centers for CDTI and when you both continually posted the incorrect value, when granted, of the Beal shares (and the Bippus shares before him .... even when the value was clearly stated in the previous 10Q).

    Regarding Spinel ...... I seem to recall you posting multiple times the cost and timing of Spinel ...... what now makes you now say it's scheduled to come on-line in late 2016 or 2017? Do you mean it will be proven technology by then or it will represent a significant new source of cash ???? I have no idea ..... do you ..... or is this more of your random speculation?

    Go ahead "drive this stock into the stratosphere" if you think you're capable .... words won't do it ....... remember money talks and BS walks.

  • Reply to

    I'm Back

    by rogluther Nov 18, 2015 7:52 PM
    rogluther rogluther Nov 19, 2015 10:11 AM Flag

    I agree, AT THIS POINT IN TIME, the loss of the Honda business is of concern. However, IF CDTI's strategy comes to pass, the Honda loss may be moot. It all depends on how CDTI ACTUALLY EXECUTES their strategy.

    Face it ..... CDTI is not, and has not been, an efficient manufacturer of catalysts in the high volume area ...... IMO they don't have the infastructure and funding (not to mention management) to execute in this area although THEY DO appear to have the technology. If they TRULY wanted to be competitive in the high volume area (which they don't) then they would have to CUT A DEAL to manufacture in another part of the world with lower labor, regulatory, environmental and tax costs ..... sorry to say.

    CDTI previously announced their strategy and further expanded on it in the latest CC ...... the heat is now on to EXECUTE on a timely basis and well before the Honda manufacturing business fades ...... so expect more frequent announcements regarding progress and, if none (or few) are forthcoming, start to worry.

  • rogluther by rogluther Nov 18, 2015 7:52 PM Flag

    Took a little time to catch-up on the latest news.

    I see that the "Distribution Center" deal is EXACTLY as I initially stated ..... a glorified warehouse agreement with little cost to CDTI.

    Additionally Beals share agreement is EXACTLY as I initially predicted in that his shares, when granted, are at the share price on the day granted. Incentive to both Beal and Bippus to provide value and get the share price up and a smart move by whomever !!

    Now ..... I'll throw another thing out there ..... Eric Bippus ..... in a previously life ..... traveled the WORLD including many stops in China and India, etc. and developed WORLDWIDE contacts. Additionally, he has extensive experience in inventory control, distribution agreements and DEAL MAKING while working for previous employers. So ..... don't sell his impact short ..... he's nobody's fool. CDTI got a winner when they hired him ..... hopefully Beal take FULL advantage of his skills (I suspect Harris did not and that's why he's no longer CEO). Always remember, Eric works DIRECTLY for Beal and in Beal's absence he reports DIRECTLY to the Board of Directors and I'm sure that was by design and, for a very good reason.

    Next time I post something maybe some of you should take it a little more seriously. Remember, I previously posted it would not surprise me if CDTI spun-off DuraFit ...... especially after it's a proven and established entity.

    In closing IMHO the shorts are still playing their little game with CDTI ..... this too shall pass.

  • Reply to

    Conference Call

    by rogluther Nov 4, 2015 10:59 AM
    rogluther rogluther Nov 5, 2015 1:09 AM Flag

    Sorry ...... I meant to say 11/9.

    Not that it matters, but I'm going to the U.P. of Michigan to close my camp for the winter ..... I've had it for 42 years. Nearest cell phone service is 16 miles away.

    Deer season starts 11/15, and although I've not seriously hunted in years, I'd be tempted drop one if its at least 10 points and it happens to block my path.

  • Reply to

    Conference Call

    by rogluther Nov 4, 2015 10:59 AM
    rogluther rogluther Nov 4, 2015 4:53 PM Flag

    It's too bad that I've scheduled another "off the grid" trip which starts on 10/9 or I would be on the conference call asking a couple of questions.

    So why don't you guys do it?

    Why doesn't someone ask #1. About inventory composition and efforts to reduce it. #2. Composition of the four new distribution centers .... is CDTI paying to lease them and are CDTI employees manning them? #3. OR, are the distributors such as PACCAR and others paying up-front for DuraFit product and if so, how much will that impact inventory and cash flow. #4. Has CDTI made any attempt to discuss their products with VW. #5. What is the outlook and objective timing to bring Spinal technology to market and how much future funding will this effort require. #6. What is the outlook for expanding the Honda catalyst business and why. ...... and that's just a start.

    Think about it ...... BE NICE ..... and then get off your #$%$ and participate in the conference call ....... maybe two or three of you can prearrange some of the questions you'll each ask.

  • rogluther by rogluther Nov 4, 2015 10:59 AM Flag

    "OXNARD, Calif., Nov. 4, 2015 (GLOBE NEWSWIRE) -- Clean Diesel Technologies, Inc. (CDTI) ("CDTi" or "the Company"), a leader in advanced emission control technology, announced it will report its third quarter 2015 financial results before the market opens on Friday, November 13, 2015. CDTi will hold a conference call that same day at 8:00 a.m. PT (11:00 a.m. ET) to discuss its results and answer questions."

    Here's what I don't like about the above statement ...... it affords a minimum of only 11/2 hours for analysts AND private investors to review quarterly results to formulate performance related questions for the conference call. For analysts (some of which may not want to ask "hard questions"), this may not be a significant issue but for private investors (especially those with a job) it is an issue.

    A big deal ....... maybe not ..... but, why not issue quarterly results and schedule the conference call for at least a couple of days after the release of quarterly results ...... in this case Monday, 11/16. IMHO an announcement of this type is an effort to limit potentially "hard questions."

    I've seen this tactic used by other companies, albeit much more complicated ones, used to limit questions.

  • Reply to

    Front Page of San Diego Union Tribune Today

    by spanspur Nov 3, 2015 11:57 AM
    rogluther rogluther Nov 3, 2015 1:34 PM Flag

    "With that being said, would it have not been easier and within specifications if VW has just used CDTI Durafit filters, which meet CARB specifications?"

    Tell me where I'm going wrong ...... DuraFit removes particulate matter I don't think it has anything to with NoX.

  • Reply to


    by rogluther Nov 2, 2015 5:35 PM
    rogluther rogluther Nov 3, 2015 12:23 PM Flag


    "only grant price of options not disclosed. I just don't understand why."

    Maybe it's because CDTI will make it the same as the share price on the day the shares are granted. This, in my view, would provide added incentive to raise the share price by putting in actions to move the company forward.

    Beal and Bippus would have to pay taxes on the grants but would not necessarily be anxious to sell some or all (unless they needed money to pay the taxes). If they didn't sell shortly after grant and saw a better future for CDTI they would tend to hold at the higher cost basis and that may send a message to other stockholders.

    There's nothing worst IMO, than executives getting shares and then immediately selling them ...... what does that tell you about their confidence in the company they work for?

  • Reply to


    by rogluther Nov 2, 2015 5:35 PM
    rogluther rogluther Nov 3, 2015 11:23 AM Flag

    I profess that I'm NOT AN EXPERT in this area ...... that is, the company publishing the employment agreement of their executives.

    Frankly, I was surprised to see the Bippus agreement published at the end of the last 10K. But, I don't doubt the Beal employment agreement is completed and signed ...... it just has not yet been published ....... maybe they'll do it at the end of the next 10K ..... I hope so.

  • Reply to


    by rogluther Nov 2, 2015 5:35 PM
    rogluther rogluther Nov 2, 2015 10:01 PM Flag

    I remind you again!!!! The 8K said NOTHING about the grant price.

    The Bippus employment agreement spelled out at the end of the 10K states his share price is the price of the shares on the day they are actually granted. Maybe Beals agreement is the same. If so we have no idea what the price will actually be.

  • rogluther by rogluther Nov 2, 2015 5:35 PM Flag

    Well ...... we've watched the stock price climb from $1.49 on 10/1 to $1.88 at COB 11/2 ..... is this real progress that has a chance of continuing or is it "pump and dump" as many on this board have previously suggested?

    I'd be interested to hear from the doubters.

    One thing that has bothered me is what appeared to be an effort to keep share price below the 200 day moving average of about $1.83. These efforts have recently been successful but today represents a clear break. Are the shorts now in a cover mode?

  • rogluther rogluther Oct 28, 2015 11:54 PM Flag

    Why get so excited ...... we've known all along that the media is in the bag for the Democrats. Unfortunately the low information guys and gals vote counts as much as ours. All many of them care about is what can the government give me AND they wouldn't be caught dead wasting their time watching a "debate".
    With regard to debt ...... look up the Bank Of North Dakota. It's the ONLY state owned bank in the country and has been running successfully since the early 1900's (?). All state revenues go into the bank and the bank then loans out a portion of those funds to local banks/lenders and collects the interest. If my memory serves me correctly, the interest income every year exceeds the equivalent of $1000 per North Dakota resident. Then ...... ask yourself why other states haven't followed this successful model and instead choose to send their funds to major Wall Street banks so that they can make a profit AND speculate with that money?

    Lastly, ask yourself who owns the FED and while you're at it, look up how many times in our history our government has KILLED a central bank and why. Hint ...... Lincoln would have never won the Civil War if he had not abolished the central bank and started issuing "greenbacks."

  • Reply to

    Uh-Oh!! A new product using new SPGM catalyst!!!

    by sqrl111 Oct 27, 2015 8:10 AM
    rogluther rogluther Oct 27, 2015 11:26 AM Flag

    "These filters will typically sell in the $2,000 to $3,000 range on the retail level"

    For your info ...... If I add up the listed retail price of every DuraFit and divide by the number of models available the average cost is $2555 with a price range of $1505 to $5310.

  • rogluther by rogluther Oct 27, 2015 10:46 AM Flag

    Could a break above the $1.83 200 day moving average lead to a short squeeze?

  • Reply to

    Uh-Oh!! A new product using new SPGM catalyst!!!

    by sqrl111 Oct 27, 2015 8:10 AM
    rogluther rogluther Oct 27, 2015 10:27 AM Flag

    "And it still does not explain why not one INSIDER in the company has stepped up with their own money to buy shares at $1.40 to $1.78."

    MAYBE they're afraid of being caught by the SEC for trading on INSIDER information.

  • rogluther rogluther Oct 26, 2015 9:38 PM Flag

    Nowhere in the 8K is the grant price of the 500,000 shares mentioned.

  • rogluther rogluther Oct 26, 2015 6:43 PM Flag

    Correction #2 ...... sorry ..... I didn't go back and read the numbers and since I'm old ..... my memory is failing me.

    As of 6/30, raw material inventory was $2.84, work in process $961K and finished goods $2.58M or about 14%, 4.7% and 12.7% of first months total revenue of $20.28M respectively.

    So, MAYBE we can free-up $1.5M - $2M of in process and finished goods inventory and then go after the raw inventory which ...... if it isn't primarily precious metals, may represent another significant opportunity.

    Lots of things to look at regarding inventories ....... i.e. supplier just in time agreements, better production scheduling, etc.

  • rogluther rogluther Oct 26, 2015 6:05 PM Flag

    Opps ...... I made a mistake and I ALWAYS admit to my mistakes ...... the truth is I'm up 17.88% as of COB today ....... please forgive my error.

  • rogluther rogluther Oct 26, 2015 6:00 PM Flag

    I tend to agree that the management changes made in the last few months were forced by Kanis but I doubt that he had anything to do with the recent analyst reports ....... at least with Wainwright ..... (who knows about Rodman).

    I've not yet seen the employment agreement for Beal, BUT IF KANIS IS SMART then Beals agreement would follow the Bippus agreement that says that pricing of shares, when issued, would be at the price of the shares on the day issued. That would stimulate the two to do everything they can to improve CDTI performance AND establish a cost basis of those shares which could be a boon to those individuals from a tax standpoint.

    IF the recent distribution agreements (PACCAR + 4) are indeed "distribution agreements" then the distributors may be paying for all (or most) of the DuraFit units they put in stock. This has the possibility of freeing-up a lot cash (for CDTI) IF we assume that finished goods inventory as of 6/30/15, was mostly DuraFit (FGI was 31% of the first 6 months revenue) thereby reducing the need to beg for cash at least short-term.

    Now for a little BS ...... I don't know what you guys are complaining about ...... I've been into CDTI about a month and I'm already up 15.9%.

  • Reply to

    Rodman & Renshaw..............& HC Wainwright

    by spanspur Oct 25, 2015 12:50 AM
    rogluther rogluther Oct 26, 2015 8:12 AM Flag

    More specifics ....... sure, just enter rodman & renshaw finra fine and start reading. Or, enter rodman & renshaw and learn about the rest I mentioned after a little reading.

25.68-0.01(-0.04%)Nov 27 1:00 PMEST