posted
Largo Vista Group, Ltd. (OTCBB:LGOV) announced today that negotiations with Shanghai Offshore Oil Group (HK) Co., Ltd. have resulted in a signed contract (No. MZ07976). The contract is for 6,690,000 metric tons of fuel oil to be delivered within a 37-month period and will begin with 30,000 metric tons for the first 3 months and 200,000 metric tons monthly for 33 consecutive calendar months thereafter. The first delivery is scheduled for May 2005. Present day market values the contract at approximately 1.5 billion USD with the price based on Singapore Platt CIF China. Details of other terms and end users will be released prior to the first delivery.
Signing the final agreement is one of the highlights LGOV targeted in the pursuit of business opportunities in China. The nation is the largest fuel oil importer in the Asia Pacific region and this contract will give Largo Vista Group, Ltd. worldwide attention. With an approved price structure assuring LGOV profits, this milestone should move the company closer to a national market listing and help make the next move easier.
The company continues to remain focused on expanding their residential LPG pipeline systems. Each LPG project is contracted for a 40-year exclusive right-to-supply agreement. Largo Vista Group, Ltd. is the leader for residential LPG pipeline construction in Guizhou Province, which has a population of over 40 million.
Largo Vista Group Ltd. has headquarters in the U.S., with offices in both China and Vietnam. For more information, please visit: www.largovista.com.
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
| IP: Logged |
posted
Bye - Bye! .251 x .254 and has almost doubled volume.
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
| IP: Logged |
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
| IP: Logged |
-------------------- You never really grow up you just learn how to act in public. Posts: 1169 | From: Pollock Pines Ca | Registered: Feb 2004
| IP: Logged |
posted
Tyria. Everyone needs to be looking for earnings being posted this week for 2004. They have had incrememtal sales in numerous products. This is a very strong buy before the release. I have been following this stock for 4 months. I am buying up to .031. It an beauty ready to soar. I am very confident this stock will hit a teen at some point this year. There are too many big names working with Trey. Early Merry Christmas!!
-------------------- Tom Jones Posts: 14 | From: Jacksonville Gl | Registered: Feb 2005
| IP: Logged |
quote:Originally posted by tyria Trey Resources: Tyria. Everyone needs to be looking for earnings being posted this week for 2004. They have had incrememtal sales in numerous products. This is a very strong buy before the release. I have been following this stock for 4 months. I am buying up to .031. It an beauty ready to soar. I am very confident this stock will hit a teen at some point this year. There are too many big names working with Trey. Early Merry Christmas!!
?????????????
Posts: 2367 | From: Detroit | Registered: Mar 2005
| IP: Logged |
posted
Looks like the initial shock has played itself, and people are taking their gains. Let's see where it establishes support.
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
| IP: Logged |
posted
Bid ask moving up again. Profit taking over?
-------------------- You never really grow up you just learn how to act in public. Posts: 1169 | From: Pollock Pines Ca | Registered: Feb 2004
| IP: Logged |
quote:Originally posted by poorman: Bid ask moving up again. Profit taking over?
If it is going to run, this is the consolidation point. Can't be sure until it breaks the high of .289. Volume pushing 3X avg.
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
| IP: Logged |
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
| IP: Logged |
quote:Originally posted by Phrogger: There is yor answer, Poorman.
LOL
-------------------- You never really grow up you just learn how to act in public. Posts: 1169 | From: Pollock Pines Ca | Registered: Feb 2004
| IP: Logged |
posted
bid ask still moving up. Guesses on when the next dip is?
-------------------- You never really grow up you just learn how to act in public. Posts: 1169 | From: Pollock Pines Ca | Registered: Feb 2004
| IP: Logged |
posted
I wish I didn't have my $$$ all tied up...freed some up now but 2 late now...but again....NICE PICK!!!!!
Posts: 2367 | From: Detroit | Registered: Mar 2005
| IP: Logged |
posted
Thanks Phrogger. I bought two big blocks earlier this morning @ .24 and .26. I think it'll see .35 before close today.
Posts: 798 | Registered: Jun 2004
| IP: Logged |
posted
Looking for feedback on the following - both on facts and logic. A little long, so forgive my typing/editting skills.
The following is from the 10QSB dated 15 Nov 04: A/S (common stock) = 400M O/S ~ 270M A/s (preferred stock) = 25M O/S = 0 Qtrly losses were 89,234 Previous 9 mos were 235,022 (down from over 400K) Current Liabilities = $1,153,407
The following is from PR dated 28 Mar 05: 6,690,000 metric tons/37 month contract $1.5 number comes from ~$224/ton @ current prices Focus should be on quantity and duration of contract as prices fluctuate and are near highs. (To be concervative - and simplify the math, I will use $200/ton. This also averages a 20% price flux.)
Months 1-3 (May - July) produce 30K tons/month. This is $6.0M/month, last two months of the 2d qtr and the 1st month in the third qtr. Months 4-37 produce 200K tons/month. This is $40M/month or $120M/qtr.
At the current O/S, that is .022 cents earnings/share/month for the first 3 mos and .444 cents earnings/share/qtr thereafter, bases solely on this contract.
These figures suggest instant profitability, however, they do not account for increased costs to provide for the increased demand of the contract. Other concers are volitility of the LPG market and the reliability of contracts being honored.
Finally, there is the issue of share structure. If my facts are correct, there are 400M A/S with roughly 270M O/S. If the company does in fact have the ability to become profitable, is there motivation for a split or would it be more likely to hold share supply where it is and let the price go up. The last PR stated, "with an approved price structure assuring LGOV profits, this milestone should move the company closer to a national market listing and help make the next move easier." This would suggest they are interested in letting the price/share go up facilitating a move to one of the big boards.
Ultimately, shareholders will have to wait for definitive news from LGOV, but I am interested to know what you all think about the future play of this company.
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
| IP: Logged |
posted
I think you summed it up pretty well phrogger. I bought yesterday at a pps higher than where it's at now, but I'm holding long because the facts presented looked very good. It also appeared to me that management was going for an increased pps for a 'big board' listing.
Posts: 798 | Registered: Jun 2004
| IP: Logged |
quote:Originally posted by trust: Where do you think this will be a weeks time?
I think a week might be a little hard to predict as MM activity is always a big factor in these pennies. I fully expect them to play with this for all it is worth.
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
| IP: Logged |
posted
The calm before the storm. As far as LGOV is concerned, the pop last week demonstrated howmany have been watching. Now, people at waiting for the 10K to be release to see how the company outlines the impact of this contract.
"A copy of the definitive agreement is will be attached to the Companys Form 10-KSB to be filed on or before April 15, 2005" - from the latest 8K.
I am pretty sure there will be a large part dedicated to discussing future operations in light of the new contract. What I am interested to see is if they outline business plans and projected costs associated with the contract.
-------------------- "You cannot play them all, so pick good ones and play them well." Posts: 176 | From: San Diego, Ca | Registered: Dec 2004
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
!!!!
