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Amgen, Inc. (AMGN) Message Board

vjpj1110 50 posts  |  Last Activity: 19 hours ago Member since: Nov 18, 2009
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  • vjpj1110 vjpj1110 Jun 23, 2015 10:49 PM Flag

    I have 33,400 shares at avg price $0.335. Bought my first shares in during the crash of 2008, more when it dropped in 2011, so you'd have to say I've been in for the "long haul". My biggest worry remains, despite all the encouraging signs that some on the mb seem to see (one on here is clearly either totally naive or a mindless pumper) , is that WL's long haul has become a very long haul and my experience with start-ups, the longer the gestation period gets, the longer the odds get of the early stockholders ever winding up big winners.

    With all the progress with electric cars, and compensate demand Li, why has it taken WL soo loong to get out of blocks, find financing or a partner and get really moving?

    The fact that they recently had to pay so dearly for such a small amount of financing, was not encouraging to me that they are finally on the verge of big things, aka demonstrating beyond doubt they have a reserve that can produce enough Li on an economic basis.
    Could happen tomorrow and so I hold, but like waiting for an overdue letter, the longer it doesn't show up...

    Sentiment: Hold

  • LINE/LNCO spread shrinking fast, down to 64 cents.

    Sentiment: Hold

  • vjpj1110 by vjpj1110 Apr 28, 2015 12:54 PM Flag

    100 pts off the high ought to be about enough. If I were short, I'd seriously think I'd lucked out enough and cover, instead of oink, oink.

    Sentiment: Hold

  • Using WL's estimates which thy keep reminding us are old. They say they have 11 millions tons of reserves at an average grade of 0.31% - 0.37% Li. Using 0.34% as an average and the fact that you get 6 lbs of lithium carbonate for each pound of Li, by my calculation 11 million tons would yield about 224,000 tons of lithium carbonate, assuming they can get 100% recovery. At the current prices of $6,000/ton that would produce about $1.35 bil in sales over the life of the resource.

    In my book not a huge a figure, considering how much plant is needed, operating costs and how many years it'll take to get it. Seems to make WL a be a big winner, will take considerably higher Li2CO3 prices.

    Sentiment: Hold

  • Reply to

    Deal with Thai Co

    by vjpj1110 Jun 25, 2015 3:57 PM
    vjpj1110 vjpj1110 Jun 26, 2015 11:49 AM Flag

    Didn't say they didn't get a fair price, but 19% more stock is dilution to me, the same way as any form equity offering.

    Sentiment: Hold

  • Reply to

    Convertible Security Financing

    by mchase9255 May 1, 2015 7:38 AM
    vjpj1110 vjpj1110 May 1, 2015 12:06 PM Flag

    I agree. This seems more than a bit expensive, with warrants to boot, especially for such a small amount of $. If it was big enough to really get the the lithium plant underway that would be encouraging, but this looks like relative pocket change and at this price smacks a bit of desperation.

    Why didn't they offer some of this deal (or even a lesser deal) to present stockholders? Seems there are plenty of believers, on here, who would have been happy to take some or all of it. I would have.

    Sentiment: Hold

  • Reply to

    What is the difference?

    by robmcd27 Jun 8, 2015 7:15 PM
    vjpj1110 vjpj1110 Jun 8, 2015 7:40 PM Flag

    WLC is on the Toronto exchange and priced in Canadian $.

    Sentiment: Hold

  • Reply to

    Are you bullish???

    by sstrikeablow Jun 11, 2015 12:57 PM
    vjpj1110 vjpj1110 Jun 12, 2015 4:52 PM Flag

    That's the same line of reasoning as when the previous the deal with Verizon took place. All the happy talk then didn't pan out and FTR has never been the same since and eventually had to cut the dividend. Now they really pay up to finance the same kind of deal.

    "You forgot to mention FTR has lost 2/3rds of its stock value since the crash in '08. "

    Yeah and it's lost over 40% of its value in the past 4 mos... :-(

    Sentiment: Hold

  • vjpj1110 by vjpj1110 Jun 25, 2015 3:57 PM Flag

    Good, bad, or indifferent? You have to give WL credit for "beating the bushes" to keep finding financing. But like the las dealt, this ones' quite a small amount in relation to what they need for a plant and again at the "expense" of more dilution. The Thai Co must think WL has something worthwhile and yet the bulk of the $ is contingent on positive results from the tests in Germany "in the fall"... so obviously doubts remain.

    Sentiment: Hold

  • vjpj1110 vjpj1110 Jun 26, 2015 3:11 PM Flag

    Agree, the only one they had anything to do with, that's gone up, is EQC and it only after it was clear they were getting kicked out.

    Sentiment: Hold

  • Reply to

    Deal with Thai Co

    by vjpj1110 Jun 25, 2015 3:57 PM
    vjpj1110 vjpj1110 Jun 26, 2015 11:57 AM Flag

    Not saying it was a bad deal, just wish the deal with the "70 million Thais" was any where big enough for starting the plant and really get going. Then we'd really have something to cheer about. Instead it's more waiting for tests to get a total of $5 million,

    The market's assessment apparently... yawn.

    Sentiment: Hold

  • Reply to

    Don't Panic

    by adaphope Jun 29, 2015 9:22 PM
    vjpj1110 vjpj1110 Jun 30, 2015 12:39 PM Flag

    We'll see, hopefully it moves them closer to actually producing Li. Unfortunately the market doesn't seem thrilled (to put it mildly, with WL dropping 10%), my guess becasue of the substantial premium WL paid for LAC.

    Sentiment: Hold

  • Reply to

    tired of this garbage

    by moijan1967 Apr 20, 2015 4:44 PM
    vjpj1110 vjpj1110 Apr 20, 2015 8:01 PM Flag

    No stock so bad for so many years? Take a look at UIS which started out in the same era as IBM.

    Sentiment: Hold

  • vjpj1110 vjpj1110 Apr 24, 2015 2:52 PM Flag

    POS? LOL one of the biggest winners on the NASDAQ over many years. Even after today's plunge still up 35% from a year ago

    Sentiment: Hold

  • Reply to

    Violent reversal from $6.92 Time to get Long Again

    by jay1062 Apr 1, 2015 10:31 AM
    vjpj1110 vjpj1110 Apr 27, 2015 7:18 PM Flag

    So much for that theory. Back to where it was on the breakout 9 mos ago.

    Sentiment: Hold

  • vjpj1110 by vjpj1110 Jun 18, 2015 4:34 PM Flag

    By my calculation about an 8% dilution, though the price didn't seem too bad. Today's drop a delayed reaction? But on such light volume?

    Sentiment: Hold

  • Reply to

    Review of WL's numbers

    by vjpj1110 Jun 21, 2015 3:53 PM
    vjpj1110 vjpj1110 Jun 22, 2015 11:56 AM Flag

    Hope you're right. If so wish they'd quit using the old figures in every every report and at that warning they might not be reliable. If they have good evidence of that they have larger reserves, why not publish the upward revisions, which I thick could well boost the stock?

    Sentiment: Hold

  • vjpj1110 vjpj1110 Jun 25, 2015 10:36 AM Flag

    Make that $17.8 mil worth now.

    Sentiment: Hold

  • vjpj1110 vjpj1110 Jun 24, 2015 8:49 AM Flag

    Now I know why I put you on ignore a long way back, now. But for some unknown reason, I recently started getting alerts from yahoo that you were replying to my posts.

    You are the definition of a self-deluded nitwit, one who actually believes he knows something, obviously incapable of doing any analysis to try to refute some else's and can't even remember things properly. E.g., I never said you were "crazy to buy in the 40s".

    So you resort to personal attacks and the repetitive infantile claim, the same one you make to everyone who doesn't buy off on your constant pipe smoking nonsense, that they are short and/or want to convince others to sell to drive the stock down.

    I've been in the markets for a long time and it's clear you are either a complete newbie or a complete fool that has nothing better to do than post reams of BS on a screen. Judging by how many thumbs down you get on your posts, that's how others view your drivel.

    The demand for Li could soar, driving prices up and still make WL a big winner, for you. But in your case that would truly be a case of dumb luck.

    Back on ignore you go and I'll try to stop the alerts from yahoo.

    Sentiment: Hold

  • Reply to

    Held my nose

    by vjpj1110 Jun 29, 2015 1:43 PM
    vjpj1110 vjpj1110 Jun 30, 2015 12:30 PM Flag

    How's your short position doing today?

    Sentiment: Hold

AMGN
153.26-1.73(-1.12%)Jul 2 4:00 PMEDT