Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Microcap & Penny Stocks : STAX -----> Stelax Industries - A real gem. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Chapman who wrote (558)	4/2/1998 5:40:00 PM
From: River Rat	Read Replies (2) \| Respond to of 1112

This is the way the price of a stock should grow to maintain a solid base. Still plenty of time to accumulate.

To: Jim Chapman who wrote (558)	4/3/1998 9:40:00 PM
From: Eric G. Erpenbeck	Respond to of 1112

Jim, Been watching Stelax closely since this is when HH predicted balance sheet improvements. The price dropped into the 80 cent range only to be quickly accumulated by investors and it looks like investors are even holding and I think we are seeing some slight accumulation. Long term this one seems like a sure thing, if technically sound as I have been lead to think (ie. Testing by British Welding Institute and two US State acceptance). Balance sheet hasn't looked too good and many many milestones have been missed (always bugged me). The company is not real good with Investor Relations IMO... However, maybe we have seen it hit its bottom and things may be starting to look up and certainly will if HH meets his previous expectations or they at least show significant improvements. I would think expenses have been reduced with the elimination of the SS line. What do you think about that? I owned a ton of this for a long time but feared to continue to hold because of so many missed milestones and complete failure to stick to their original business plans. However, the roads and bridges in the US are in big need of re-work and huge congressional dollars will be out there for such. To me from an engineering perspective Nuovinox would seem like the material of choice for this application especially with all the problems encountered with Epoxy coated rebar. Can Stelax even mass produce Nuovinox? I may try to pick up a few shares but would love to buy tons if I had enough faith in the management.. I am still nervous and fearful of cost management and I have no idea where current quarter revenues might be at. Have they filled any orders yet? What is their current source of Revenue or do you expect another bad quarter? How is that second mill coming along? Did they ever get that fully operational? I would like to pick some up on a dip. Especially since I have been out of this for so long and am not up to speed like I need to be. What are your thoughts? What are your thoughts on dilution? It appeared to me in the last quarterly that STAX was running thin on operating cash? How will they fund continued operations????? Orders for Nuovinox from the State of Maine and Virginia are not in place if the designs are still being worked on? The fear of dilution has kept me away from buying, do you have any fear of that? Have you heard anything from Management on how they will fund continued operations and all the start up cost of the second mill? What about any progress on distribution agreements? Just curious and would hate to miss this one if they can actually get things put together... Thanks in advance of your opinions. I know there are other long term investors holding this one on this thread? Any news or updates anyone? Bob, Scott, others? Eric