Compliance Energy Corp CPYCF

Postive On CEC but No Insider Support

[str8tgoods]

I'm still quite positive here even with the share price lagging and no real news to drive it higher expected anytime soon, but with such a low price why aren't insiders buying?

 

The CEO is making $240k a year and the CFO $163k yet they aren't buying at these levels.  I'm sure they're doing their job well, but how's about giving a little back.  Shareholders are sure giving a lot just by holding. 

 

I was going to buy more, but with no news expected until probably year end, there doesn't seem to be a reason to buy now or sell for that matter.  It would feel much better holding long term if the insiders showed a little support.  GLTA

[2guys]

Obviously, I can't disagree with the fact that there has been a lack of insider buying of CEC stock, especially now that they are at historical lows, but there hasn't been insider selling either lately.   It can be argued that insider buying or selling is a good indicator of where the share price is heading in the future, but this is not always the case.   I've seen some

[str8tgoods]

Looks like new lows coming.  Surprising to see especially with the caliber of management that they can't seem to find buyers at this level.  Very disappointing.  GLTA

[2guys]

Nothing has changed fundamentally.   IMO, it's traders taking advantage of the lack of newsflow and liquidity in the stock.   There's lots of stock up for sale, but yet little volum sells, which shows there is little in the form of conviction either way.  If this does move lower, I will be buying, but not until I see higher selling volumes.  JMO    

[Mountainman2]

Looks like more there are safer plays to invest your money in than this with all the negative issues regarding the environmental side...... The environmental groups working hard to keep the "ISLAND" as green as it can be...... Not the place to put my money........ IMO

[2guys]

CEC is in the EA certificate stage.  All the previous high risk exploration and Feasibility stages have been completed and the project has been derisked on an economic viability front.   As long as CEC continues to abide by the guidelines set forth by the Environmental Process, they have a very good chance of appeasing both environmentalists and government which will issue the EA

[bocaman]

"Derisked on an economic viability front"? Not a chance! The last technical report gives them a healthy payback on investment only at last year's coal prices. Plug in today's price for thermal, and they are right down bumping on their projected costs per tonne to produce the coal. That is to say - not profitable. It's harder to say about metallurgical coal prices - they are

[2guys]

Good to see you back bocaman.  It's been a while, but you seem to have chosen the most opportune time to talk negative about CEC, or most any stock for that matter.   Could you tell us how the numbers you wish to plug in, look when the mine is scheduled to be operating end of 2014, beginning of 2015?   They firm that prepared the Feasibility Study used an average saleable coal

[bocaman]

My first point was that today's price for thermal coal is coming close to the cost of production as set out in the PAH report. There are two parts to this issue - the coal price, and the internal rate of return (IRR). 1. Coal Price. The thermal price used in the report was $135.14/tonne. The Wood Mackenzie price forecast for thermal dropped from that 2011 high average to around $105 and then

[bocaman]

I forgot the other point I should address. I can't make the same argument for the IRR calculation for Raven's marginal metallurgical coal because I am unable to find a reliable current price. Wood Mackenzie uses Australian semi-soft coal, and its chart shows Raven met and the NSW semi-soft following the same curve. And also shows similar curves for the met semi-soft and thermal.  I

[2guys]

bocaman, you can't just plug the numbers for thermal coal for Raven without knowing the metallurgical coal pricing.  It just doesn't work that way.   The marginal met coal you've indicated is what will make the majority of the Raven production and should demand a much higher price.  Even with the $174/t avg coal sale price coming down marginally, the profit margins are

[chrisale]

"bocaman, you can't just plug the numbers for thermal coal for Raven without knowing the metallurgical coal pricing.  It just doesn't work that way." Why not?  The company has said that given the right conditions they will produce 100% thermal coal in order to save on production costs and not produce any met at all and the Wood McKenzie analysis took that into account.

[2guys]

The company is going to try and get the most from the Raven resource and Met Coal is where the money is at.   Whatever coal can be sold as Met Coal, which is much more abundant at Rave will be sold for the higher priced commodity.   Selling Thermal coal only, just won't happen at Raven.   Has anyone even looked at the credentials of the BOD member?  atb

[Mountainman2]

Great post bocaman, could have not said it any better myself, do you think 2guys might start to realize all the money he has dumped into this "IFFY" play has put him in financial trouble and most likely will never recover LOL.....oh well not my problem. IMO  

[bestguesstoo]

Interesting, that the price you are quoting, the Wood Mackenzie forecast, is showing a decrease and then very slow rise in coal price until 2035.  That seems contrdictory in light of the increase in consumption projected by the US Energy Information Administration forecast.  see https://205.254.135.7/forecasts/ieo/coal.cfm Also, look at the chart below.  My crystal ball is probably

[bocaman]

This reply is to 2guys, earlier in this thread, with respect to Itochu not topping up when the cash call for joint venture partners came in January 2012. 2guys, you said, "I have an understanding of how the JV deal will work out and I don't think the cash call this Jan. changed much in the way of ownership, but it will make for a higher buy-in when Itochu wants to increase their ownership

[2guys]

bocaman, Itochu from what I understand is still very much involved even though they skipped the cash call this January.   All the cas is in place, and the JV deal hasn't changed much in the way of ownership as I stated.  No I'm not an insider, but I do keep in touch with the company when I feel it's warranted.   I said not much, because the 20% interest of Itochu may