they put out a p.r., doing another cc on the 15th. i assume they wouldn't have a cc if bad news. hope they are better prepared than the last one.
i'm no expert, assume companies will keep pumping on existing wells and do the minimum on drilling new wells to keep leases. kind of also depends on how big their customers are, assume small guys will stop much sooner. so agree 100% with you that they need to have financial success with this aquifer project.
Capitan Reef project lease agreement
The council entered closed executive session to consult with the city water attorney about an amendment to the city land lease agreement with STW Resources Holdings Corporation.
The council took no action when they reconvened in open session.
In his update on the status of the city, Rodriguez reported that STW’s contract driller is making good progress on their first production well. He said they have reached the top of the Capitan Reef formation. They are emplacing cemented well bore casing. STW has said it will use this well to explore into the stratum immediately below the Capitan Reef formation.
STW plans to have the existing monitoring well, the production well being drilled, and four or five more production wells on city well field property in the Belding area. The company plans a pipeline to San Angelo, supplying industries and municipalities en route, then piping surplus water farther on, to at least the Midland-Odessa area.
STW touts this water development project as having the potential to become the primary water source for a large part of Texas' southern steppe and eastern arid regions. The corporation implies that the project will remove water limits to regional population growth and industrial development.
The company states estimates of 100 million gallons a day for 100 years. That is equivalent to 2-1/2 times the water contained at any one moment in the Toledo Bend Reservoir, the state’s largest. That reservoir occupies 65 miles of the Sabine River adjacent to Louisiana’s Sabine and DeSoto parishes. The groundwater replenishment rate for this section of the Capitan Reef formation is not known.
The City of Fort Stockton 2014-2015 final budget went into effect on Oct. 1. It contains a $5 million “Capitan Reef bonus” under general fund revenues. The budget includes a general fund expenditure of $6,020,200 million for capital improvements. That expenditure amount is equal to the amount of the bonus plus a “gene
i'm not going to worry too much, it's done and a 1.6% div(?), they aren't spending a lot, benefits rodney of course.
lower fuel prices should make this DIV a no brainer assuming they didn't lock in a high gas/diesel price and bid on jobs assuming $80 oil.
Sales application engineer
On December 21, 2012, Smith-Midland Corporation (the "Company") issued a press release announcing its Board of Directors approved a special dividend on December 11, 2012 of $.05 per share to be paid on December 31st, 2012 to shareholders of record as of December 14, 2012. The Board of Directors felt it important to recognize the value of its shareholders to the Company with this dividend which allows them to take advantage of any potential tax savings in 2012.
wonder what NOL's are worth, i don't think they can be passed on to a buyer of their biz? and what the new book value will be, devil is in the details. how much is the remaining biz worth?
no comment on hong, new ceo is what matters.
what do you think the shares will be worth with all that cash but far less revenues and continued losses?
On June 30, 2013 in Cape Town, South Africa, President Obama announced Power Africa — an initiative to double the number of people with access to power in Sub-Saharan Africa. Power Africa will achieve this goal by unlocking the substantial wind, solar, hydropower, natural gas, and geothermal resources in the region to enhance energy security, decrease poverty, and advance economic growth.
70% or 600 million people, of the population of sub-Saharan Africa are without electricity
Power Africa works with African governments, the private sector, and other partners such as the World Bank and African Development Bank to add more than 30,000 megawatts (MW) of cleaner, more efficient electricity generation capacity in sub-Saharan Africa. By expanding mini-grid and offgrid solutions and building out power generation, transmission, and distribution structures, Power Africa will also increase electricity access by adding more than 60 million new household and business connections. At the same time, Power Africa will enhance energy resource management capabilities, allowing partner countries to meet their critical energy needs and achieve sustainable, long-term energy security
if they can make NH3 economically, that's news. they were working on a NH3 powered tractor, engines for years (irrigation pmps), if it's running well now i can understand why they want to let people know regardless of immediate financial return. california is always looking for ways to cut down on emissions by replacing diesel. when you get into transportation fuels i think the EPA has to approve so overseas is likely market right now. all speculation of course until TINA deal goes thru and funding appears.
IMHO it's pretty simple to see how they could at least hit $2, just keep growing revenue and get EPS up to .10 or above. or get bought out. could be a bumpy ride to $2. the company keeps changing, they don't give out average selling prices or customer names, they sell direct to customers, thru OEMS and distributors and worldwide so hard for retail investor to predict their growth and management is very conservative in their estimates imho. but obviously someone(s) with some money thinks they're worth more than $1.30 right now.
do you know what the rules for a 5% hedge fund are for having to file with the sec if they increase shares? i think it's 48 hrs for an insider, funds i don't know.
this is a head scratcher or sure, now have 5 large shareholders, NSB, coccio, a board member, herber spiegel and norwood venture - i think their cost basis is around .10 and they bought quite awhile ago. it will be interesting to see if coccio was selling again or other large shareholders, they might be tempted if there is a buyer above 1.18. if they don't, that would obviously imply they expect price to go higher.
all speculation. the CC was something of a dud imho and no pump/dump posters showing up like they did when sotk was being hyped as 3D printer company.