TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Tom Allinder who wrote (51366)	6/15/2000 9:39:00 AM
From: Jim Bishop	Read Replies (2) of 150070

STBY Equities Mag conference report from RB: By: hopemaker Reply To: None Thursday, 15 Jun 2000 at 9:17 AM EDT Post # of 1318 Hello all, just got back from NYC. I found the conference very interesting. There were a handful of STBY shareholders I spoke to but I'm not sure how many of them are participants of the board so I figured I'd give you a quick look at what I saw and heard. STBY was the 4th presentation. Each company did about a 20-25 minute presentation with the last 5-10 minutes open to questions. I was a little disapointed at the overall turnout but in talking to other people it was close to the norm. There were 3 biotech firms and 3 dot.coms. STBY was the only company that actually had a product you can sink your teeth into. I listened to all just to get a feel for how the others were doing. I found it very interesting that 2 of the companies present were prior presenters and the companies went up well and have come back down due to the climate in the market about investors being cautious now. All of these fancy companies did Power Point presentations and it was a show. When STBY had it's turn it was just AJ and some bags of vermiculite. I started to think it's going to be a dud because STBY was just up there doing an old fashion presentation. I have to tell you I was shocked at what followed. Missonny I have to tell you I thought about you when AJ started and maybe it was becuase of how you've jumped on him in the past but he nailed it up there. When it came time for the question and answer part I expected no hands up but it was non stop questions. The group outside the conf. afterwards around AJ was even more remarkable. There were a handful of private investors but the bulk in my opinion was from different brokerages. I think everyone I talked to was in agreement that the dotcom companies are shaky now and the days of making big profits in short periods of time are coming to an end. That is probably why STBY got so much interest. AJ said up there that STBY has a website but that's about as close as it will get to being a dotcom company. It's not rocket science, it's a simple process. You dig, seperate, haul, and exfoliate. What opened up a lot of eyes are the profit margins in this product and the lack of competition. As was asked by one person, where is the market going to come from for the product and the answer given was basically the company can sell whatever comes out. The competition in the west is mostly 170,000 tons from S Africa goping at prices of over $330 a ton with transportation. I'ts a no brianer that those users would rather pay STBY the $165 a ton with frieght being minimal by rail or truck. Profit margins were discussed and 1st year projections of production starting now is approx. 30,000 tons at an average of $165 a ton and exfoliated product from Los Banos of 5000 tons at approx $460-$480. That's approx 6 million in revenue after a full year of production. Not bad for the first year out of the gate. With expnasion plans of 15,000 tons for Los Banos hopefully within the next year that's an additional 4 million dollars for the following year if expansion is completed. The long term goal is to expand permitting and over the next few year increase production to over 100,000 tons with additional properties being planned. On a side note, AJ mentioned that STBY is a public company for over 30 years and is just started operations now. Someone asked how it survived all of this time without operations and he said it was due to a very dedicated base of shareholders who kept it alive all this time. He kidded that the STBY shareholder list was probably more valuable than the company. It felt good to be acknowledged for having been in there so long and most of you on this board that have been in the trenches should take a bow. I think the profit margins and the possible revenue for the first year is what peaked a lot of interest from the audience. I don't know how much this will affect the stock price immediatly but there were a lot of business cards being passed back and forth and meetings being set up. I heard AJ tell one person to keep in mind that this is the first time the company has taken it's story on the road and did a public presentation. I don't think it's going to happen over night but it's going in the right direction. Only time will tell. There's more but I don't want to put you to sleep.

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