SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: marcos who wrote (40711)7/29/2006 6:08:34 AM
From: TheSlowLane  Read Replies (1) | Respond to of 60906
 
Agree with your comments on JER.V, I think it's a good one. I have not bought BMC.V though I have taken note of Rocket Red's mention of it. It's got a swell looking chart for sure!



To: marcos who wrote (40711)8/1/2006 2:12:59 PM
From: Mr. Aloha  Respond to of 60906
 
Looks like great timing on your JER buy. It looks like whoever had to get out of JER the last few months is finally out with the big 1.1 mill.+ share block dump on Friday.

I agree that it's a great long-term investment and very fitting for "The Woodshed." They're a great play to diversify from resources, though they can be considered somewhat of a resources play with their effective use of wood waste.

Considering they did a PP last year at $1.10 with some institutions (http://www.jerenvirotech.com/032006/files/en/asp/ir/pdfs/nr/2005/20051117%20Closing%20of%202.7M%20units%20at%20$1.10.pdf ), anything under that price is probably a bargain for the long term. I've met the people involved, and they're very sharp.

Rob Duncan of MGI Securities has a 12-month target price of $2.25: howardgroupinc.com



To: marcos who wrote (40711)8/14/2006 6:43:02 PM
From: Mr. Aloha  Read Replies (1) | Respond to of 60906
 
Just spoke with my contact who works with JER. As I suspected, he says there were 2 shareholders who had wanted out, and there were some brokers who recently found out about JER (Carmanah investors) and wanted in. In the thin market, the brokers let the sellers sell the stock down, and then crossed them at the low for the rest of their shares.

The former shareholders are out now, and the brokers have been accumulating whatever they can. Watch CIBC on level II, and you can see them gulping up whatever shares they can get. My contact says they visited the Delta plant, spoke with management, got the vision, and love the stock.

Since JER has plenty of cash and has no plans for any more financings, the CIBC guys have to buy their shares on the open market. They're happy to get whatever they can at these levels, below the $1.10 level where the last financing was last year.

The guy I spoke with owns a lot of JER, so take what he says with a grain of salt, but it makes a lot of sense to me. I do see a lot of CIBC bidding.