posted
Msg. 41627 of 41630 Jump to msg. # for all who don't read IHUB, this is a message i just posted there. It might just give some new insight that may not have been covered in the visit reports. MC & Asus should be able to verify.
Posted by: chilar4567 In reply to: hitemp who wrote msg# 12699 Date:3/9/2006 11:20:51 PM Post #of 12709
Hitemp, a little something I gleaned from visiting HQ:When PA originally went public he got involved with some "shysters" and the result was disasterous. It resulted in BK, however, PA managed to hold on to the Murphy property. The final dispute re it was recently settled with a cash pmt and stock. Believe me, they wanted the pit, but PA fought them tooth and nail to keep it. He is a very determined gentleman and kept PBLS going with his own (and his wife's) personal cash. Prior to purchasing the new HQ, the co was run out of PA's garage. He holds somewhere in the neighborhood of 100 mil shares and is very skittish as a result of the previous bad experience. This company is being built by PA's determination and vision. The goal for '06 is 1 billion. I have my money on him! The very best thing I've ever done re my investing life is having made the visit to LA. SUGGEST ALL DO THE SAME. glty
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PBLS .024
This stock recently ran up to .128 from .033. It can really move! They should be fully reporting by the second quarter (you know I love my upcoming events)and its already mid March. There are a lots of other rumors about other news but nothing we can confirm yet.
CHART: Just starting to bounce off the 200 dma, Major MACD crossover should happen tomorrow or Monday and that has been huge for this stock. With the news coming shortly, this could be a very Nice up swing.
Phoenix Associate Land Syndicate, Inc. is a holding company with assets and/or interests in sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries. Its stock is traded publicly on the Pink Sheets Bulletin Board under the symbol: PBLS.
The Phoenix corporate core philosophy is to acquire companies that: Have unrealized profit potential and are willing and eager to work within the Phoenix "family" to improve their company's performance.
Are motivated and need business guidance and/or financial assistance in order to succeed.
Have owners that wish to divest of a company for retirement and/or other personal reasons.
To properly develop and consistently grow as a holding company, other companies such as those described will be added through continued acquisition. This effort will result in an increase in positive cash flow by tapping the sales potential inherent in the newly acquired companies and their assets. As PBLS moves its growth strategy forward, its gross revenue, earnings per share (EPS) and shareholder value will be driven markedly higher, increasing shareholder value.
Some numbers: Currently Rome Oil & Gas Co. has 18 wells that are producing between 5 BBL/Day to 50 BBL/day each, with an average production of 26 BBL/day per well, a rate of production that is expected to increase as new wells come on line.
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posted
Good Morning PBLS fans. I am new to the board, but old to AS.
My friend, Warpedmind, has tried to get me into PBLS for a while now, and this morning I bit the bullet. (75k * .0253) I also received the *********** newsletter featuring PBLS, and thought that was a good sign.
I've been reading the boards and there seems to be a pretty wide discrepency about revenues anticiapated for 2006.
Do we have a conservative estimate? Is the upcoming news just financials, or are you expecting other announcements regarding a move off the pinks?
posted
Katrina look at this site it is all we know about the company from there own releases of pr's,conversations, and updated information from the recent trip buy investors to La. to meet with Paul and others at the CO. headquarters.
Posted by: Mastercraft6 In reply to: zcasperg who wrote msg# 12711 Date:3/10/2006 10:57:24 AM Post #of 12722
Zcasperg...
I can only guess about the quiet period.
I would guess they want to keep the PPS down while they finish their buyback.
I would guess they may hold back until the acquire another company or two (exactly why, don't know).
Yes, I understand the law firm they hired are heavy hitters. Paul said they put them through a lot to prove their company to them before they would take them on.
I think we're in a pretty good position here, unfortuantly we have to wait as it will only happen when they start making their moves.
As shareholders, we've done a pretty good job proving it is a real company and exposed that there are some activities taking place which has yet to be released.
I feel really good about this investment.
If they really do hire a professional marketing company and PBLS gets exposed to the masses, look-out.
posted
To anybody that is new to pbls and wants dd this site is maintained by investors and updated as news comes out It is what we know about pbls all based on dd that is verified or a pr, by the company. I forget myself that this thread is big and the dd very hard to find so I will keep putting this site to the front from time to time for everybodies benifit.glta
By: usc_cowboy 10 Mar 2006, 07:07 PM EST Msg. 41720 of 41725 Jump to msg. # Fellow Pebblers....I am posting this rather lengthy transcript of the NOLA visit by our traveling team on Feb 20. I hope RB servers let my post go up in its entireity.
I did this as a prelude to disecting the commentary so that I can do some additional DD and possibly shed some light on the cash flow out of the pit.
In the process of transcribing I was very moved by the comments made during the taping, I tried to set the stage for each segment, location, visual etc. and then give you the words spoken by the people near the camera that was picked up on the audio track. Where possible stuff in quotes is by the commentary by the camera man and whomever was closet to the microphone but out of the field of vision.
I will post later after I digest the technical extractions in an effort to better understand the cashflow from the sand and gravel operations.
Please read the following and be prepared to be moved, just listen to the humanity expressed during various segments.
"May Almighty God rest the souls of the deceased and comfort those who suffered and are still suffering. Amen"
attached:
Segment 1
Johnny Zorne as tour guide [standing in front of Progas Office] says:
When PBLS bought Progas they bought all their investments.
John (Burge?) of Progas [in his personal office] says:
under contract for 5 years, recovering from Katrini and Rita, off 80 % from last year (2005?), have now (Feb 20, 2006) back up to 75% of the prior year, a good thing is that they are now at 100% of what the profits were for last year by making some other deals so we’re back up to where we would like to be, we’re still behind and need to catch up on our gross sales but we are on a pace to be better than where we were last year, we had a great year last year, our best year ever, in terms of revenues and just making money and all that good stuff, we don’t have any debt, my get to go to Kentucky this week (week of Feb 20, 2006) and want to visit with John (Barksdale) to make sure we’re optimizing what we’re getting for our barrels there, and once we drill some wells in Wyoming and Nevada, and I’m real excited about the Wyoming stuff , I don’t know as much about the Nevada stuff but Wyoming is supposed to be one of the hot spots and one of the main reasons is they never had a way to get the gas to the mideast and eastern markets they always had to go through the Kern River pipelines and others that all go to the west coast and quite typically that’s what we call ‘Rockies’ and quite typically that pricing scenario is a lot worse now the have made some trunk lines that go to the east that can get them to Chicago and if you can get it there you can get it anywhere, and so……
Segment 2
Investor [ on street looking at United Soils truck parked on street] says:
Here we are just stooped on the side of road and we run into United Soils just coming from, I would assume the PBLS pit that’s just right down the street we’re basically just waiting for another investor and this guy just pulls in so you know they are out here, this is the size of the truck (20 yards?), I’m going to walk around back to see what there plates say , sure enough Michigan license plate no denying it there out here doing business, I just talked to the driver and the driver said he was just coming from the pit , an interesting sign over here (on truck) ‘Hurricane Relief’ , (Johnny Zornes? Speaking “they’ve got 11 trucks parked at the pit” , you’ve got 11 trucks parked ? you guys just coming from there with a load of material? (truck driver speaks) no I’m empty right now , Oh you empty? Yeah, here’s the card and that should be the owners name on it, great super so you guys are taking a lot of material out of there uh? Oh yeah Where you taking it to? (Johnny Zornes speaking) 20 yards per one of these trucks, (truck driver speaking) yep, the levee over here at Irish Bayou, you’re taking it over to the levee Yep (Johnny Zornes speaks) Irish Bayou thanks so much
Segment 3
[looking across road again] one truck leaves and another one shows up, these guys are really really busy and guess where they are all coming from? This is a second truck , we’re just standing here, #18, we’re just standing in a gas station waiting for another investor, we’re 7 miles from the pit, this guy is obviously just back from the levee, [discussion about having another trailer on it called a ‘train’] (truck driver comments) we’ve got some of them running today, there goes another one down the freeway, yeah they’re pretty impressive we get talked to all the time going down the road, we got 11 of them here , how far are you guys hauling to right now? (truck driver) We’re hauling over to a levee of the 90 and 11 right now, 90 & 11 (Johnny Zornes introduces himself to the truck driver)
Segment 4
[looking at the ‘Murphy Sand & Gravel sign at pit area entrance] Here we are approaching the pit, trucks just coming and going, coming and going, amazing, are they a real company? One would guess,
[in front of the PBLS scale house} (Johhny Zornes speaking) new porches and they just put the archway on here, that is the scale house where the trucks come over, ‘that’s the scale house?’, yeah that’s where they weight the trucks, everyone gets their ticket, they have to check in here if they come in and get their empty weight and they come out loaded and we scale them out we ticket them and a lot work out of that, when we come back over we are going to come back over the scale, okay great,
[conveyor equipment out of car window as they enter the pit area] (Johnny Zornes speaking) a lot of gravel out of here, gravel, sand, pea gravel, mason sand, you can see some of the United Soil trucks over here, there are a bunch of them, 10 of them in a row that’s a bunch of them also waiting, they just came down from Michigan, are they waiting to get gravel?, no they waiting for other truckers to get down here
Segment 5
[looking out of car window seeing PBLS dredge] Johnny Zornes narrates:) this is our dredge, that was a dredge from Phoenix, we are fixing to get that dredge back to us, that was .. we sold to Ponchatrain Materials but legally that’s our dredge, that’s a brand new dredge we had built, “You just had that built?” Yeah, it was a few years ago, a couple of years ago, but that dredge has a value of a couple a million dollars, “Is that right?, [looking now at another open conveyor/loading system] “..he’s loading sand in there now”, again like I said this is Ponchatrain Materials, they produce a lot of masonry sand and small rock, “Ponchatrain Materials?… they are a separate company?” , Yes, they are in here, they are contracted under Phoenix, a big outfit, they send this small gravel, pea gravel, really small rock smaller than that…..
Segment 6
[looking at an open conveyor/loading system in the distance] “wow, there is activity all over the place, they are loading up right now, you see, this is only one of them, I think he said 5 acres, there are multiple sites like this, …”
Segment 7
[looking at piles of sand in the distance with trucks present] “..here at the otherside they are loading the trucks for the levees, and you can basically see over here, behind you, is the PMC, Ponchatrain Materials Company, Yeah! Johnny was talking about some in the car, he was discussing it, another one of our subcontractors…”
Segment 8
[looking down road with a truck approaching] “…listen, I don’t mind you knowing who I am (?Hank ) ..in the sales end of the construction business all my life, remember buying sand and gravel from Murphy back in the 70’s, it was a ‘Mom & Pop’ operation.”
Segment 9
[looking at a cleared area of the pit] (Johnny Zornes walking narrative) when we are talking about the gravels in the area out here…, and Ponchatrain Materials is running out, not Ponchatrain but TXI, they don’t have the land we have, what I’m about to show you all is amazing cause I spent a lot of time out here running shifts, the gravel…, and the big gravel you can just about kick it, just like we’re doing right here [Johnny kicks with his foot at the surface] see this large gravel, well, walk this way I’ll show you why we are clearing this, “…this has all been cleared in the last month or two?” Yeah, now this area here [pointing to a mound of reddish dirt] we are going to take what is known as ‘over-burden’, everything we have out here we sell, we sell the ‘over-burden’ to the Corps of Engineers and these people working on the levee projects, that’s the stuff we’re standing on right here, in some area out here you go down 20-25 feet to hit gravel, others like we’re standing on right now you kick the gravel, the gravel is the biggest thing in the cement industry out here, concrete industry because they are going to need it in the rebuilding of homes out here, driveways, homes, bricks, everything, we have the material out here we have the material out here, we have over 800 acres of it, and we are the only one with that much in the area, that much product, that many minerals out here right now, every one else is used over the years like I said earlier, they are either going to come to us or we are going to produce it ourselves, the reason this is being cleared right now is that one of the companies under contract to Phoenix is getting ready to dredge this area and they are going to be selling a lot of materials out here, lot of minerals are going to come from these people. Right now, they haven’t started, they’re in the early part of the clearing but this area has been cleared, you all walk with me, you going to actually see something that nobody…., the minerals are right here in front of your eyes, I’d like to show you the abundance of it, this is what’s being dredged, this is where they will start dredging, see, like that open conveyor over there, that’s going to be a brand new one set up here, close, it’s going to have 200-500 feet of pipe, they are going to start dredging…..[fades out as he walks farther away and camera operator voice overpowers his voice] ..this is one area and then there’s going to be more on this 800 acres, but you can put 3,4,5,6 companies in here, it’s not going to be just one company, major companies are going to come in or we have the option of doing it ourselves, for us it is easier to hire or contract someone out and they’ll do it rather than us to have the maintenance and the expense, and theoverhead, we’re doing it the smart way, we’re running…, we’re letting them produce it and we are keeping our expenses down so our profits go up and we all benefit from it. I want to show you all our product….., “this is the clay they were talking about that will possibly be using for the dike, I guess?” [Johnny Zornes showing gravel, then red clay material over-burden] once you start hitting rock you don’t want to get a load of dirt in the rock because we get to much money for the rock, once they start we will sell the over-burden to the Corps of Engineers, the dirt that’s coming out of here….for $4-$4.50 because you don’t have as much minerals, the gravel, sand, ……
Segment 10
[standing on street, rubble, etc. all over in piles, looking towards a small house] (Johnny Zornes narrates:) this was my house, “Wow”, “..so this is where you grew up, huh?”, “Man”, see the ash, from the roofs, I figure you guys couldn’t get any closer….this is my home, this was my house, this is where I lived with my mother, brother,…..they have a home in (????ula) now, can’t get anymore first hand than this, “….red cross van coming, is that right?” Yeah, handing out food, “you all want lunch, it’s coming up” Aw geez…..yeah, “here comes the red cross, passing out food I guess, …absolutely.” “ The mayor of Slidell was coming by my home and they are giving you hot meals..” “Want some food?” “No, actually those chips filled me up”
Segment 11
[ looking at a specific pinkish colored one story stucco house on a corner with writing on it] “Yeah…you can zero in and see where they painted on there, so they tell you they took a body out of there on 9/15..” painted message on house says “taking one dog” “they said they took a lady out of there, probably so…Wow, take a look down the block”, “…and again, just looking down the street, kinda makes you happy living where you do.”
posted
I agree this is a very informative post. Great job guys. I'm still holding long and strong. I'll be in this one until I see .12-.15. I can't wait. May God Bless us all.
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posted
Taber shouldn't be too far off...I think we should here something this week prolly weds, that gives them a few days to get back in the groove and get something together...I cant wait to see what they put out, so many things that they could/need to let us know about.
posted
RE post from R/B usc cowboys long post on ccash flow update from the pit including all new figures
Message list | Reply to msg. | Post new msg. « Older | Newer » By: usc_cowboy 11 Mar 2006, 09:12 PM EST Msg. 41759 of 41762 Jump to msg. # Fellow Pebblers:
The purpose of this effort is to estimate the cash flow on a daily basis resulting the US Soils activity in the pit and to theorize on expansion of the operations. The following excerpts (Quote Marks) came from the people interviewed during the investor trip on February 20, 2006. My interpretation and commentary (JMHO) follows quoted stuff.
"20 yards per one of these trucks, (truck driver speaking) yep"
20 yards per load is equal to 36.3 tons
"we’re 7 miles from the pit, this guy is obviously just back from the levee,"
"we have 11 trucks at the pit,"
"We’re hauling over to a levee of the 90 and 11 right now, 90 & 11"
From the conversation the truck driver inferred that the "Irish Bayou" levee was on just on the other side of the freeway from where they were talking. If you that they are 7 miles from the pit and the levee is just across the freeway the total round trip distance is probably 12-15 miles. Using an average speed of about 30 mph, the drive time is 20-30 minutes for the round trip and allowing for a load time and scaling to take 15 minutes the entire cycle should take about 45 minutes, or 10-11 trips per day (8 hour day)
"this is Ponchatrain Materials"
"that's our dredge(PBLS) and we're getting it back, it's valued at several millions of dollars"
"Ponchatrain Materials is running out, not Ponchatrain but TXI, they don’t have the land we have"
"This large cleared area is for a new company under contract to Phoenix"
As a matter of fact, we know US Soils has 11 trucks at the pit, Ponchatrain Materials has a dredge (owned by PBLS) and is currently working the pit producing masonry sand, and smaller size minerals. TXI is running out of materials on there adjacent lease, it is very probable that the new company coming in that is under contract is TXI, they have all the necessary equipment next door and need new source of materials.
"now this area here [pointing to a mound of reddish dirt] we are going to take what is known as ‘over-burden’, everything we have out here we sell, we sell the ‘over-burden’ to the Corps of Engineers and these people working on the levee projects, the stuff we’re standing on right here,"
In the video, the reddish dirt is most likely the common clay material found all over the lease, it apparently was tested by the Army Corps of Engineers and is used in the rebuilding of the levees, note the portion of the comment "and these people working on the levees project, most likely referring to the prime contractors such as Boh Brothers et al.
"in some area out here you go down 20-25 feet to hit gravel, others like we’re standing on right now you kick the gravel, the gravel is the biggest thing in the cement industry out here, concrete industry because they are going to need it in the rebuilding of homes out here, driveways, homes, bricks, everything, we have the material out here we have the material out here, we have over 800 acres of it, and we are the only one with that much in the area,"
"one of the companies under contract to Phoenix is getting ready to dredge this area and they are going to be selling a lot of materials out here"
the minerals are right here in front of your eyes,
The higher priced minerals, i.e., sand & gravel, outcrops on this lease and in some areas is found 20-25 feet down, covered by the reddish clay dirt that is the 'over-burden'. Note that you don't dredge clay it is just scooped up from the surface, and Zornes commented that the big company that cleared the new area and that has't really started yet is setting up a dredge with 200-500 feet of pipe, this is the water based operation that produces the sand & gravel not the clays.
"they are either going to come to us or we are going to produce it ourselves"
"this is one area and then there’s going to be more on this 800 acres, but you can put 3,4,5,6 companies in here, it’s not going to be just one company, major companies are going to come in or we have the option of doing it ourselves, for us it is easier to hire or contract someone out and they’ll do it rather than us to have the maintenance and the expense, and the overhead, we’re doing it the smart way, we’re running…, we’re letting them produce it and we are keeping our expenses down so our profits go up and we all benefit from it."
US Soils on site, Ponchatrain Materials onsite, TXI running out of materials next door and probably the new company clearing area for a dredging operation, and Zornes says 3,4,5,6 more major companies. No wonder this pit will be exhausted in 3-5 years.
$300,000,000 in minerals left in pit, so that is $60,000,000 to $100,000,000 per year in gross sales out of the pit.
"once you start hitting rock you don’t want to get a load of dirt in the rock because we get to much money for the rock, once they start we will sell the over-burden to the Corps of Engineers, the dirt that’s coming out of here….for $4-$4.50 because you don’t have as much minerals, the gravel, sand, ……"
The cheap material sold out of the pit is the reddish clay material, at $4 to $4.50, I assume as per ton since the scales don't weigh the trucks out in yards of material. So the sand & gravel, the more expensive materials sold probably bring the average per ton sales price to about $9 - $10 per ton.
Each truck goes out the gate with about 36 tons of materials on board at $10 per ton, that;s about $360 per truck load and we previously figured a truck can make 10 -11 round trips per day (8 hours) or each truck generates about $ 3600 per day (8 hours) times 11 or $39,600 per day for US Soils alone, and we we haven't factored in Ponchatrain Materials, the 'New Company' nor the 3 to 6 others to get their place in the pit.
posted
I dont wanna see PBLS necessarily beat TXI, but would love to see TXI come over when their pit is ran dry, and we get to charge a premium for minerals while they do all the work..
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