OTCPK:PILBF - Post by User
Post by
aggmanon Oct 03, 2014 8:49pm
289 Views
Post# 22998161
Intriguing
IntriguingIntriguing this recent sustained sell down.
Not sure it is warranted:
- Q3 will or should be a very strong quarter (no hiccups and I'd like to see a 1.25M ton or thereabouts quarter).
- Port of Long Beach looking good for commencement; keen to hear the update there.
- US pricing environment is solid - tension in vols and pricing across the US - and California is a stronger market, and SFO Bay is one of the strongest
- That said, still a challenge for Polaris appears to be pricing, its ging to be sensitive this Q, maybe more than volume. Can management push the pricing needle adequately?
- Polaris have at least started to make noises about a hard rock source
- I agree with the sentiment of previous post (or 2) that a poorly explained capital raise has not helped the trajectory of the share price since May/June. It really underscores that if you are going to raise capital - best you support why - in concrete, investor and return driven metrics. "For corporate expenses/activity is broad and vague".
Performance matters for Polaris: Vol, pricing, execution (no screw ups), and prudent, return-driven growth.