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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: diddlysquatz	8/13/2008 2:29:01 PM
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ILI.V, ILISF.PK, ILI Technologies, in my opinion is ready for a major move higher. The company sells coal bed and gas pumps, monitoring equipment and non-steel pipe for the oil and gas industry. It has suffered a number of setbacks over the last 12 months and has dropped from $1.30+ to $0.30 - $0.35. In the last 2 months it has announced $1.7 million worth of new Thermoflex pipe orders the bulk of these apparently to Pemex. The company's existing gas pump business basically covers all the company's expenses, any pipe profit falls straight to the bottom line. With margins in excess of 60% on the Thermoflex pipe the $1.7 million should bring in about $1 million in earnings or about $0.04 for this quarter. After talking with management I believe they are on the verge of receiving many more orders. A brokerage analyst who met with management and one of their large customers has stated that the company has over $100 million in tendered bids of their pipe. I'm going to stake my reputation (ok, what reputation, lol) on this stock at $0.35. I say 2 - 3 times current price by year end. ilitech.com

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