natural gas prices crashed
The stock price fell
The company planned a new strategy
They tested an oil sand play
The test worked
They are drilling more wells in the oil sands
They are creating a long-lived asset to fund dividends at Lindberg
They still have other oil fields and drilling successes
I checked your posting history. I saw no evidence of you calling any correction.
I guess you should stop deleting your posts.
I don't think you are right very often and you change directions like the wind.
Tomorrow you will say the opposite.
But, If you stop deleting your posts, then you can show everyone how accurate your calls are.
If you just added...you are in the hole by looking at todays chart.
I added months ago...at much lower prices and these daily swings don't concern me. my gains will be long term capital gains. GL
On every buy and sell of a stock there are differing opinions.
The field tests were worthless. The unit was so small that it was not suitable for the use.
and to scale it up to useable size would be beyond impractical.
I do not think you understand how much electricity these units use.
Frac wells nor produced wells need distilled water for treatment.
The unit could work perfectly but still not be suitable for the job...do you understand that?
But, they don't work perfectly,the reject rate was 40%....that means that 40% of the water treated was left after treatment and it was far worse in contaminants. So, this water would need to be disposed of. What would be gained by a company using this type of tech? Nothing....huge expense and still not much less that half the water would still need to be disposed of. TMEN is the only one saying there is interest in the techs. I showed here where the head engineer stated how the techs were not needed and also expensive. His words in the fracnews letter. Do you dismiss what he said?
As far as the money. the loan went into default at the end of March and no money has been received. Doesn't that confirm what I said? You bet it does!
It is more a fact than a negative opinion. Interest is growing at $80,000 a month...wouldn't you want to stop that drain on the company? That would pay 10-20 workers.
If a financier is available... what are they waiting for? All the workers with knowledge of the techs have been laid of. I guess no salesmen are on payroll to get do deals either.
How long do you think this can go on?
On August 14th we will see the quarterly results and maybe know more.
Is there hope? I guess you can always claim that, but this company shows every sign of being out of business. Just a fact based opinion by looking at all the observed indicators.
The layoffs were not done to help the debt situation.
The layoffs are indicative of no cash to pay the workers.
The 10Q of Q1 showed about $1 million less in cash that in 2013.
The Q2 in 2013 showed less than $500,000 in cash (from memory)
So, you can assume that TMEN ran out of cash. We will see what the Q2 2014 10Q says.
The debt is somewhere in the $8-9 million range.
The market cap of the whole company is only $1.5 million.
No one will loan money to a company with no business and a valuation far below it's debt.
As someone said...there are not even enough assets to take over the company.
The technologies are out of date and not suitable for fracing or produced water.
Just because it was said on this board that TMEN's techs were good, does not make it so.
Others have to say...How? by buying their systems.
You make it sound so simple.
If they got an order...could they build it?
No, they have no money to build a unit. that is why they let go all the employees.
Now, your turn....where will the money come from and how much will they receive?
They owe $6.5 million and increasing $80,000 a month in interest. It takes months to train workers and build a unit.
Who will give them $14 million or so they need?
AND!! Why would they give them the money?
You have never answered those questions.
It is easy to put someone on ignore. That would solve your problem.
Try it, it makes the board readable.
A bullish silver article.....the site is "theaureport"
The is also a link at INO under the silver price
Why do you delete all your old posts?
Just because they are wrong....you can still learn from them.
You aren't too stupid to learn.
no, you get your 1st one in August on the 21st
You can buy all the way to the 29th of July and get the next dividend.
7/29/2014 7/31/2014 02/03/2014 8/21/2014 0.110475 Monthly
The gold industry supports calls for changes to the century-old gold fixing benchmark that’s used by mining companies to central banks to trade and value the metal.
The World Gold Council said there was “strong support” for its key principles to reform the benchmark, which is set daily by four banks. Thirty-four delegates including producers, refiners, central banks and exchanges met today in London to discuss ways to improve the rate, the group said in an e-mailed statement.
We are at the start of a process that will lead to a reformed and modernized gold benchmark which attracts a broader range of market participants,” Natalie Dempster, managing director of the group’s central banks and public policy unit, said in the statement.
Regulators around the world are grappling with a widening list of benchmarks that have been, or are claimed to have been, manipulated by traders at banks for profit. The U.K. Financial Conduct Authority fined Barclays Plc 26 million pounds ($44.6 million) in May after a trader sought to influence the gold fix in 2012. While there’s “no clear evidence” of manipulation during the London gold fixing it’s possible it occurred, David Bailey, director of financial markets infrastructure and supervision at the FCA, said at a U.K. Treasury Select Committee hearing July 2.
The fixing takes place at 10:30 a.m. and 3 p.m. in London by phone with Societe Generale SA, Bank of Nova Scotia, HSBC Holdings Plc and Barclays Plc. representing themselves and clients.
The reformed gold fix should be based on executed trades, have “highly transparent input data,” calculated from “a deep and liquid market,” and represent a physically-deliverable price, the World Gold Council said.
There should be a single benchmark, discovery process continuity and a local London price to reflect the liquidity available in the primary trading center for gold, according to the council. It should also reflect a full range of market participants and meet the International Or
It seems that every day we read about war and escalating violence. Lately there have been hints of inflation.
I read a story about gold fixing in England and that changes with those banks, to prevent manipulation, may occur soon.
Yet....gold is impassive to all these.
2 weeks ago you said....
Got to love it, a bunch of nincompoops and ninnies are at it again. We are back to $10.60 into x-dividend date,. take it to the bank. Great stock , great co. Long and Strong.
Your "Strong" is pretty wimpy.
You are a child...2 day old ID
You are acting like....
Now, you are wondering how I figured that out, your old ID.
I can smell a person who use multiple IDs, it smell like rotting flesh, it is putrid and disgusting.