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Southern Copper Corp. Message Board

rogluther 52 posts  |  Last Activity: Feb 3, 2016 12:16 PM Member since: Feb 5, 2007
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  • Reply to

    Beale bought 50K shares at 96.74c

    by dbtunr Dec 19, 2015 8:03 AM
    rogluther rogluther Dec 19, 2015 9:11 AM Flag

    Gee ...... I can hardly wait for some IDIOT to accuse Beal of trying to "line his pockets" by trading on insider information.

  • Reply to

    Beale bought 50K shares at 96.74c

    by dbtunr Dec 19, 2015 8:03 AM
    rogluther rogluther Dec 19, 2015 9:01 AM Flag

    For the uninformed ..... go to the company website and click on SEC filings.

  • Reply to

    OT Interest Rate/Defense Spending OT

    by rogluther Dec 17, 2015 3:57 PM
    rogluther rogluther Dec 18, 2015 7:36 AM Flag

    "I would hope they can at least eventually get up to the rate of inflation."

    What inflation?

    I just got notice of the amount of my Social Security check for 2016 ....... IT'S THE SAME AS 2015 !!

    That proves that there is NO INFLATION ..... or ...... does it mean that "figures don't lie" but "liers can figure" ??

    Hmmmm ......

    TIC

  • Our current national debt is about $18.8T and the average interest rate paid on that debt is about 2.43%. So ...... that means we're spending about $456B annually in interest on our debt.

    If we assume Fed rate increases will lead to similar increases in the 2.43% we now pay in debt servicing that would mean that a 1% Fed increase (to 3.43%) would result in taxpayers paying a total of $645B on an $18.8T national debt assuming that the national debt does not grow ....... which it will. This would represent more than our current annual defense spending.

    Depending on who you listen to ..... the US will spend about $618.7B on defense in 2015. It is estimated that the NEXT NINE COUNTRIES with the largest defense outlays will spend about $631.6B in 2015. They are: China, Russia,Saudi Arabia, France, Japan, UK, Germany, India and Brazil. As an aside, our defense spending represents about 54% of our total 2015 budget ...... so why the HUGE push for more defense spending?

    Ask yourself ....... #1. Are we wisely spending our defense money and #2. Why the push by the Fed/US government to raise interest rates? Then ask yourself who benefits the most from higher interest rates?

    Hmmmm ..... let's see $645B divided by 311M equals about $2074 annually for every man woman and child living in the US ....... are you getting your moneys worth? Remember there is NO free lunch.

    I realize these numbers may be up to some dispute but I think that they are close enough to make my point.

    Think about it.

  • Reply to

    Streamlining

    by rogluther Dec 11, 2015 11:10 AM
    rogluther rogluther Dec 11, 2015 2:38 PM Flag

    Maybe I didn't make myself clear ...... I was referring to how much you (or someone else) may be willing to pay for the DuraFit portion of CDTI's business if you (or they) were motivated to be in that business and had the money.

  • Reply to

    Streamlining

    by rogluther Dec 11, 2015 11:10 AM
    rogluther rogluther Dec 11, 2015 2:05 PM Flag

    Spanspur

    Run the numbers in your head and think about CDTI's clearly stated future objectives.

    I DO AGREE that we're not likely to see DuraFit spun-off until after CDTI has some other agreements in place.

    In your calculations, use the numbers you quoted regarding the potential market and CDTI's estimated share which I believe you previously guessed at 10% and then tell me how much YOU WOULD PAY to get in on the ground floor of this technology if you had motivation and the money required ...... then ....... divide that number by the shares outstanding at this time.

    I'll be waiting your answer and I will not criticize it.

  • Reply to

    Streamlining

    by rogluther Dec 11, 2015 11:10 AM
    rogluther rogluther Dec 11, 2015 1:49 PM Flag

    Let me give you an analogy about Harris ....... Obama is doing a "good job" despite the fact he has no qualifications for running a country.

    So ..... what are the results for CDTI or the U.S.? IMO the only difference between the two is that somebody at CDTI picked Harris and low information voters picked Obama ........ twice ...... and he can't be fired.

    But Obama will become a multi-millionaire after he leaves office partially because he doesn't have a non-disclosure agreement that forbids him from talking about his ex-employer.

  • Reply to

    Streamlining

    by rogluther Dec 11, 2015 11:10 AM
    rogluther rogluther Dec 11, 2015 11:47 AM Flag

    In addition to closing the Canadian facility ..... on 12/10/15 both Harris and Lopez-Baldrich resigned.

    While IMO their leaving is a good thing I absolutely DO NOT like how they are being rewarded for calling it quits.

    Both will receive a lump sum payment of $11,396 and $10756 respectively AND $87970 and $53315 in BONUS respectively in addition to 13 months salary payable monthly. Harris made $300,000 per year and Lopez-Baldrich made $268,000 per year. How the heck low must their objectives have been to reward both with a bonus?

    Although I'm not privy to their employment agreements, it seems to me that it would have been less costly for CDTI to retain them in perhaps a janitorial position and lay-off two floor sweepers ..... OR ...... maybe they know something that CDTI does not want revealed.

  • rogluther by rogluther Dec 11, 2015 11:10 AM Flag

    So ...... CDTI is closing its Canadian facility in the 1st. quarter of 2016. If I'm not mistaken that is the facility that produces DuraFit.

    What does that mean to us? Lower cost structure? I think so.

    Although CDTI also said that it plans to consolidate certain manufacturing activities in Oxnard they also said they will outsource other activities. IMHO you can BET that one of those outsourced activities will be DuraFit manufacturing ...... OR ...... could this be a tip-off that the DuraFit business will be sold ..... as I previously speculated?

    IF SOLD ....... how will that impact both the stock price AND the need for further capital in the near term?

    Looks to me like management is getting serious about their future business plans. We're now in a waiting period to see how this all shakes out.

  • Reply to

    I'm Back

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

    spanspur

    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.

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