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CanAm Coal (COE.V or COECF) believes in the long term viability of coal as a fuel source and that demand will grow going forward. CanAm Coal had a record year in 2012 producing over 455,000 tons of coal in mining friendly Alabama. This is almost a ten fold increase from 2010 demonstrating significant production growth. Over the next three years CanAm's goal is to possibly produce 2-3 million tons of coal. The company is developing three new mines and has attracted a significant financial institution to fund the operations. The company is well positioned for 2013 after investing a significant amount into opening up three new mines in 2012. CanAm is a surface miner which does not have as many risks as underground mining. CanAm is the recipient of the "Sentinels of Safety" Award commending safe and reliable operations. CanAm has focussed on building reserves and producing the higher quality cleaner coals, lower in sulphur, ash, mercury and arsenic. New EPA regulations could drive demand and premium pricing for CanAm's cleaner coals. The company already has 85-100% of 2013 production sold out and close to 650-750k tons for 2014. This provides investors with highly probable cash flow and earnings stability. The company could eventually generate a significant amount of free cash flow to make further accretive acquisitions. CanAm's quality coals are already sold out for 2013 as they meet the new EPA standards. The company is deeply discounted with a market cap that is less than one times EBITDA and trading near a three year low. Most of their peers trade three or four times that value and CanAm is considerably undervalued in the sector. The mines are run by 30 year industry veterans that has put their own money on the table. Management owns just over 25%.
Disclosure: Author and Interviewer Owns CamAm Coal and the company is a sponsor on my website.
Comstock Mining (LODE) should produce close to 40k ounces of gold equivalent this year in the historic and prolific Comstock District. LODE just announced a new lower cost $5 million revolving credit facility in order to assist with the increase in production and expansion of their Lucerne Mine. Capital will be used to drill the east side of the Lucerne resource. LODE's ability to exceed production guidance in 2013 and their clear growth profile has allowed them to receive more favorable financing terms. Comstock also announced recently the restructuring of debt and royalty obligations which eliminated $2 million worth of debt and royalties. It is also important to remember that Comstock Mining recently secured over 300 acres of private land which will allow valuable growth opportunities. The local community is widely supportive of the company as evidenced by the unanimous approval of Lyon County Board of Commissioners to approve zoning changes on certain mining claims. LODE recently commenced a district wide plan to increase the resources and reserves. The goal is to produce expanded mine plans that include the Lucerne, Spring Valley and Dayton Resource. Investors should realize this is an historic district largely untouched by modern exploration programs. There is the potential for significant growth in 2014 and beyond.
Disclosure: Author owns LODE and company is a website sponsor.
The Metaphysical Edge with Bee Delozier returns to GGMRadio every Thursday at 11 AM Central.
TODAY'S SPECIAL TREAT ~ CRYSTAL MINING IN ARKANSAS. We just returned from a trip to Board Camp Crystal Mine and have a LOT of info to share. PLUS special guests, Orville and Cheryl Murphy of Board Camp Crystal Mine, Crystal King Joe Ray and Becky Newsome. We invite you to call in with your crystal questions and speak with our guests.
Join Bee and her special guests as they discuss the many subjects, trending news and interests in the metaphysical arena.
Canam Coal (COE.V or COECF) just came out with their second quarter numbers on Friday. The company has transitioned to a steady state of production which should produce 60 to 80k tons of coal on a monthly basis going into the second half of 2013. The balance sheet is improving with operating cash flow five times better than the prior year. Free cash flow is turning positive from negative and should increase over the second half of 2013 into 2014. All of Canam's new coal mines have opened and are operating near planned efficiency. This past July was a record month of production as it sold 67,500 tons of coal. According to the company, they can sustain this rate for the foreseeable future. No new equipment is needed in the near term which reduces expenditures. All of CanAm's 2013 production is sold out and a majority of 2014 production has been sold as off-take. This may be due to CanAm's low sulfur and ash coal profile which receive premium pricing. I expect CanAm to generate increasing free cash flow over the coming months and to gain recognition by the investment community.
Disclosure: Author/Interviewer is shareholder of CanAm Coal and the company is a sponsor on my website.
Join us for War on Coal, Iran’s secret, Syrian Golan, World Warned Prophecy Headline News 06-02-14
Prophecy Headline News feels the love as Obama’s War on Coal heats up. The love continues with Iran’s secret affair with weaponry and not Obama’s treaty with them. The Syrian conflict moves towards the Golan Heights as we find more war, civil war, and lies with enough to go around for everyone. The World is warned by the World Bank and much more on this edition as Prophecy News begins the first week in June.
In her new book Drug War Capitalism, Dawn Paley moves beyond the usual horror stories, beyond journalistic rubbernecking and hand-wringing, to follow the thread of the Drug War story throughout the entire region of Latin America and all the way back to US boardrooms and political offices. This unprecedented book chronicles how terror is used against the population at large in cities and rural areas, generating panic and facilitating policy changes that benefit the international private sector, particularly extractive industries like petroleum and mining.
Louie Miller is the director of the Mississippi Chapter of the Sierra Club, which has been working to protect the health of communities and the environment in the Magnolia State for more than two decades. Louie has led cutting-edge campaigns and has built powerful, diverse coalitions of community groups, working with some of the South’s most celebrated community and environmental justice advocates in the process.
Miller has earned national attention for his work challenging Mississippi Power’s Kemper County coal plant, the only coal plant to break ground during the Obama Administration and likely the last coal plant that will ever be built in the United States. From the beginning, Louie challenged the plant for being “dirty, expensive, and unnecessary.”
Louie lives outside Jackson, Miss., on a farm with several beloved dogs and enjoys trips to the beach with his family.
The Blackagendareport.com released a profoundly insightful investigation into why Africa is the most minerally wealthy land on the planet but its people are among the most impoverished. Asad Ismi & Kristen Swartz connect the dots to paint a picture that reveals the lies and injustices committed against African peoples. They also show the Unity & strenght of the great warriors and everyday citizens who organized themselves in resistance to business buying out & taking over their national governments.
Hour one: Craig and Ben do Computer and Technology News, brought to you by Slimware Utilities, the Official Optimization Software of Computer America, and answer your computer questions!
Hour two: ASIC Runner is the source for crypto currency mining equipment. They're dedicated to supplying you with the very best mining hardware, with a focus on cutting edge design, quality, customer service and uniqueness. ASIC Runner has come a long way from its beginnings. They now serve customers all over the globe, and are thrilled to be a part of the mining hardware community.
The Promiscuous Puppeteer is a multifaceted story about a secret gold exploration company funded by a syndicate comprised of some of the largest mining companies in North America and a CEO who is approached by a Mexican Native American woman, whose skills, from a sordid and seedy past, have the potential to help launch the world's largest gold discovery onto the international stage.
Chinese intelligence and embassy officials, US politicians, unscrupulous industry leaders, and a fledgling but growing and menacing Native American mafia are all primary constituents of a compelling and momentous drama that takes place throughout the western third of the United States. It all begins in a five-thousand-foot-high remote desert location called Tonopah, Nevada.
I have been a writer and public speaker for much of my life. My writing has included text booklets, poems, sort stories, and articles for periodical publications. My last book, "Jeremiah's Tale" was published a few years ago. In December, 2013 it became a temporary bestseller on the LuLu Publishing's bestseller list. (Please read on).
I thank each of you for your interest in my most recent literary success. Thanks to you, a portion of my book sales proceeds will be donated to a Native American college fund and to a Philippine "street children" charity organization.
Walter B. Biondi, Author, The Promiscuous Puppeteer
FROM THE love of crude oil that is , common sense , humor and politico....
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