RE:looking back (2014) - (2015) looking forwardAgg,
We should see a pretty good 2015. San Francisco seems to be booming : an excerpt from USCR conference call :
In San Francisco, construction job growth in the bay area grew 5.7% in 2014. The city has issued record permits for new projects over the past 12 months and expect double-digit growth in 2015. Additionally, construction spending in the Oakland, Freemont and Hayward metro area is expected to increase by over 40% this year with the surge in new apartment buildings and condominiums.
This 40% number sure sounds good to me.
Conference call : they did not issue the correct telephone number on their release, so had no calls... Lots of apologies but it sucked only to get a script.
On Long beach, sure takes a long time to get all the permitting to set up an aggregate terminal. On the plus side, once you have it, you sure appreciate it as it means that competitors would have a very difficult time to set up one. So this limits the offer on the market when it takes off...
If I understand correctly, still have some grading to do and get the permits for this, anyway, no meaningful shipment until second quarter and they will be in marketing and testing phase anyway.
And dredging is still not over at Redwood, to be resume and finished in the spring.
So the 3rd quarter should be the one to get us excited.
On the stock issuance, M. Wilson did mention the preliminary work on a lime quarry close to Orca. They are testing the samples for the Californian samples. So I guess that it was the use for the funds generated. What do you know of this market ?
Regards,