Archive for the ‘Materials Stocks’ Category

SinoCoking and Coke Chemical Industries, Inc. (SCOK) – Buzz Stock of the Day

Monday, August 23rd, 2010

Warning: fopen(): php_network_getaddresses: getaddrinfo failed: Name or service not known in /home3/taylor/public_html/buzzstocks.com/wp-content/plugins/brad-stock-quote/stock-quote.php on line 38

Warning: fopen(http://download.finance.yahoo.com/d/quotes.csv?s=scok&f=sl1d1t1c1ohgvbacwj3n): failed to open stream: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home3/taylor/public_html/buzzstocks.com/wp-content/plugins/brad-stock-quote/stock-quote.php on line 38

Warning: fgetcsv() expects parameter 1 to be resource, boolean given in /home3/taylor/public_html/buzzstocks.com/wp-content/plugins/brad-stock-quote/stock-quote.php on line 39

Warning: fclose() expects parameter 1 to be resource, boolean given in /home3/taylor/public_html/buzzstocks.com/wp-content/plugins/brad-stock-quote/stock-quote.php on line 40

Shares of coal products maker SinoCoking and Coke Chemical Industries, Inc. (Nasdaq: SCOK) were up nearly 30 percent from Friday’s closing price in morning trading on Monday.

Last week, the company announced that its wholly controlled affiliate, Pingdingshan Hongli Coal & Coke Co., Ltd. entered into a definitive agreement to acquire a 60 percent equity interest in Baofeng Shuangrui Coal Co., Ltd. for approximately $12.4 million. Baofeng operates the Xingsheng Coal Mine. The coalmines are similar in size, each with 2 million metric tons of estimated coal reserves.
[–quote–]
“This is a significant milestone and denotes the first step in our consolidation strategy,” said Jianhua Lv, Chairman and CEO of SinoCoking in a statement. “As the Chinese government continues its efforts to consolidate small coal mines to improve both production efficiencies and safety protocols, we are well positioned with the appropriate approvals to capitalize on this opportunity.”

Pursuant to the Agreements, Hongli will the pay the owners of each mining company an aggregate purchase price of $6.2 million in cash, of which approximately $1.5 million was provided as a refundable deposit to examine the financials, licenses, and reserve data. The purchase will be made under the following schedule for each mining company: $1.7 million within 30 business days from the September 10, 2010; $0.7 million within 20 business days from the completion of the transfer of equity interests to Hongli; $0.7 million within six months from the completion of the transfer of equity interests to Hongli; the balance within one year from the completion of the transfer of equity interests to Hongli. If total annual output is less than 150,000 metric tons, Hongli is entitled to an additional 10 percent of equity interests; and if coal reserves are less than 2 million metric tons, Hongli is entitled to an additional 10 percent of equity interests.

Shares of SinoCoking and Coke Chemical Industries, Inc. are trading about 70 percent lower than their 52-week high of $53.70 per share.

Guanwei Recycling Corp. (GPRC) – Buzz Stock of the Day

Wednesday, August 4th, 2010

Warning: fopen(): php_network_getaddresses: getaddrinfo failed: Name or service not known in /home3/taylor/public_html/buzzstocks.com/wp-content/plugins/brad-stock-quote/stock-quote.php on line 38

Warning: fopen(http://download.finance.yahoo.com/d/quotes.csv?s=gprc&f=sl1d1t1c1ohgvbacwj3n): failed to open stream: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home3/taylor/public_html/buzzstocks.com/wp-content/plugins/brad-stock-quote/stock-quote.php on line 38

Warning: fgetcsv() expects parameter 1 to be resource, boolean given in /home3/taylor/public_html/buzzstocks.com/wp-content/plugins/brad-stock-quote/stock-quote.php on line 39

Warning: fclose() expects parameter 1 to be resource, boolean given in /home3/taylor/public_html/buzzstocks.com/wp-content/plugins/brad-stock-quote/stock-quote.php on line 40

Shares of Chinese polyethylene manufacturer, Guanwei Recycling Corp. (Nasdaq: GPRC) were up more than 20 percent from Tuesday’s closing price in morning trading on Monday. Trading volume was more than 10 times the company’s three-month average.

“China, right now is the biggest plastic importer in the world,” said Guanwei Recycling’s VP of marketing Liya Wu, in an interview with TheStreet.com. “Our annual import of plastic waste is about…5 million tons to 7 million tons. So it’s really the biggest market. China is not only the biggest market not only in the volume of the plastic manufacturer, but also as a plastic products exporter, and we are the biggest recycler of plastics.”
[–quote–]
Guanwei Recycling generates most of its business from Europe. Most recently, the company announced a sales contract with Sunshine Handels & Consulting GmbH, a leading German recycling company, for the purchase of 25,000 tons of LDPE waste through June 2011, which will be converted into recycled LDPE at Guanwei’s clean tech facilities in Fuqing City. Europe, has a “higher waste classification system” than the U.S., according to Wu.

Guanwei is currently focused on increasing its environmental protection levels, and increasing its manufacturing capacity, according to Wu.

For the three months ended March 31, 2010, net revenue was $9,494,226, representing a 58.01% decrease from net revenue of $22,611,689 for the three months ended March 31, 2009. This sharp decrease was primarily caused by the fact that, unlike the first quarter of 2009, Guanwei did not sell any raw materials or purchased recycled LDPE during the first quarter of 2010.

Shares are currently trading about about 21 percent lower than the company’s 52-week high of $5.70.

Netlist, Inc. (NLST) – Buzz Stock of the Day

Wednesday, July 7th, 2010

Warning: fopen(): php_network_getaddresses: getaddrinfo failed: Name or service not known in /home3/taylor/public_html/buzzstocks.com/wp-content/plugins/brad-stock-quote/stock-quote.php on line 38

Warning: fopen(http://download.finance.yahoo.com/d/quotes.csv?s=nlst&f=sl1d1t1c1ohgvbacwj3n): failed to open stream: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home3/taylor/public_html/buzzstocks.com/wp-content/plugins/brad-stock-quote/stock-quote.php on line 38

Warning: fgetcsv() expects parameter 1 to be resource, boolean given in /home3/taylor/public_html/buzzstocks.com/wp-content/plugins/brad-stock-quote/stock-quote.php on line 39

Warning: fclose() expects parameter 1 to be resource, boolean given in /home3/taylor/public_html/buzzstocks.com/wp-content/plugins/brad-stock-quote/stock-quote.php on line 40

Shares of memory subsystems maker, Netlist, Inc. (Nasdaq: NLST) were up as much as 27 percent from Tuesday’s closing price, in morning trading on Wednesday after the company announced that Dell, Inc. (Nasdaq: DELL) qualified Netlist’s 512 megabyte and 1 gigabyte flash memory-based, non-volatile cache subsystems. Shares traded as high as $2.93 on Wednesday, up from $2.30 at the closing bell on Tuesday.

“Partnering with Netlist gives Dell’s enterprise customers added flexibility and peace of mind when deploying PERC cache solutions,” said Sally Stevens, vice president, Server Product Group Platform Marketing, Dell, Inc. in a statement. “NetVault NV delivers the reliability and performance our customers require while reducing the total cost of ownership for this high performing disaster recovery solution.”

[–quote–]

Netlist’s NetVault NV would help Dell servers recover and retain data for weeks in the event of data-center power failures. Earlier, Dell had also selected Netlist’s battery-backed module, NetVault BB, to hold memory data.

“Dell’s qualification of NetVault NV for this high reliability, disaster recovery application demonstrates our ability to deliver differentiated products enabling OEMs to deliver best in class datacenter solutions,” said Steve McClure, Netlist’s vice president of marketing in a statement.

We previously featured Netlist as a Buzz Stock of the Day on June 14th. Shares were up about 30 percent that day, from the previous day’s close, after the company announced that its HyperCloudâ„¢ memory module was been selected to run on servers owned by British IT solutions provider, Viglen to support High Performance Computing (HPC) applications.

Click here to read what other traders are saying about Netlist, Inc. on the company’s official Buzz Stocks Board!

Lightbridge Corp. (LTBR) – Buzz Stock of the Day

Wednesday, June 23rd, 2010

Warning: fopen(): php_network_getaddresses: getaddrinfo failed: Name or service not known in /home3/taylor/public_html/buzzstocks.com/wp-content/plugins/brad-stock-quote/stock-quote.php on line 38

Warning: fopen(http://download.finance.yahoo.com/d/quotes.csv?s=LTBR&f=sl1d1t1c1ohgvbacwj3n): failed to open stream: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home3/taylor/public_html/buzzstocks.com/wp-content/plugins/brad-stock-quote/stock-quote.php on line 38

Warning: fgetcsv() expects parameter 1 to be resource, boolean given in /home3/taylor/public_html/buzzstocks.com/wp-content/plugins/brad-stock-quote/stock-quote.php on line 39

Warning: fclose() expects parameter 1 to be resource, boolean given in /home3/taylor/public_html/buzzstocks.com/wp-content/plugins/brad-stock-quote/stock-quote.php on line 40

Shares of nuclear fuel technology developer Lightbridge Corp. (Nasdaq: LTBR) were up 29 percent from Tuesday’s close, in morning trading on Wednesday after the company announced “a major technological breakthrough,” based on a proprietary all-metal fuel assembly design could reduce both initial capital costs per megawatt and annual operating costs per kilowatt-hour of nuclear power.

According to a recent news release, this breakthrough makes nuclear power more competitive with other forms of electricity generation while contributing to a significant reduction of CO2 emissions.

[–quote–]

“When it comes to meeting the ever increasing global demand for power generation, innovation will be the key to a sustainable and safe solution for industry and governments worldwide,” said Seth Grae, CEO, Lightbridge in a statement.

Earlier this month, Lightbridge announced that the Idaho National Laboratory approved a Texas A&M University-led joint proposal with Lightbridge for irradiation testing of this kind of metallic fuel in the Advanced Test Reactor. The fuel demonstration in a test reactor environment is a key stepping stone to demonstration and deployment of this fuel in commercial Western-type light water reactors, according to the company.

Over the last decade, Lightbridge completed significant development and testing relating to this all-metal fuel technology. More specifically, Lightbridge has evaluated key operating parameters under various operating conditions. Key parameters that were evaluated include: melting point, fission gas retention, surface heat flux, fuel swelling, moderator-to-fuel ratio, and cladding corrosion.

The Lightbridge-designed all-metal fuel design would provide enhanced proliferation resistance and result in up to 23 percent less volume of used fuel per kilowatt-hour of electricity generated and is expected to have improved fuel operation compared to standard oxide fuel.

“Our breakthrough all-metal fuel technology builds upon over a decade of research and development effort that has been underway on our seed-and-blanket fuel assembly design. This transformational fuel technology also helps advance our seed-and-blanket fuel assembly designs due to the synergies between the seed fuel rods and the fuel rods used in the all-metal fuel assembly design. We expect that our all-metal nuclear fuel technology will provide significant economic incentives to nuclear utilities that make it economically attractive to adopt this advanced fuel product.”

Penny Buzz Stocks – LNG, SECI, UCHC

Friday, June 4th, 2010

Here are 3 penny stocks to add to your watch list today:

Cheniere Energy, Inc. (AMEX:LNG): Shares up after the company announced plans to export U.S. natural gas overseas from its Sabine Pass terminal in Louisiana in a strategy shift prompted by large increases in U.S. natural gas production.

Sector 10, Inc. (OTCBB: SECI): Up 30 percent on high volume after the company announced the upcoming release of the PLX-3D integration software package and its integrated components as an easy to use mobile application for the iPhone and iPad produced by Apple.

Uni Core Holdings Corp. (OTCBB: UCHC): Up 32 percent today on decent volume. Recent developments include a new research report from Skymark Research, and plans to close the acquisition of APT Paper Group, which includes FG Management Company Limited, Global Golden Group Investments Co., Ltd., Wise Link Management Ltd., Plan Star Development Limited, and Sure Strong Limited. Uni Core Holdings Corp. is an ‘incubator’ of mid- to large-size companies in China.