tag:blogger.com,1999:blog-1527840491496268397.post5335776342456746318..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Update on Ceres Global Ag Corp: Building The Northgate Commodity Logistics Hub $CRPUnknownnoreply@blogger.comBlogger8125tag:blogger.com,1999:blog-1527840491496268397.post-36532674828326360092015-03-04T11:53:21.511-07:002015-03-04T11:53:21.511-07:00http://finance.yahoo.com/news/ceres-global-ag-corp...http://finance.yahoo.com/news/ceres-global-ag-corp-reports-014000090.htmlCPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-36748744763003026232015-03-04T11:52:08.676-07:002015-03-04T11:52:08.676-07:00Anything new on this?
The stock had been tanking...Anything new on this? <br /><br />The stock had been tanking but suddenly rebounded:<br /><br />http://stockcharts.com/h-sc/ui?s=CRP.TO&p=D&yr=1&mn=0&dy=0&id=p50958487561CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-76919600179689937282014-10-13T20:47:10.929-07:002014-10-13T20:47:10.929-07:00Ah, so you've been following this much more th...Ah, so you've been following this much more than I have. <br /><br />Worth quoting from your link:<br /><br /><i>"<br /><br />You have to understand that the definitions of short- and long-haul trucking are very different in Saskatchewan. This is due to the very low population density and the surprisingly good road network helped by the flatness of the terrain and low yearly rainfall totals.<br /><br />The Canadian portion of the Bakken oil field probably wouldn't extend more than a 100 miles around Northgate, putting such moves into the short-haul category. Truckers could likely make two round trips a day, including loading and unloading. When it comes to trucking grain, transiting distances akin to crossing smaller US states is pretty routine.<br /><br />In his first book, Lee Iaccocca former President of Chrysler Corporation, tells how up until the 1980's all of the big three automakers used to buy back Saskatchewan traveling salesman's cars after one year for study purposes, because these fellows could normally put a 100,000 miles a year on their vehicles. This was before computer simulated testing and such knowledge enabled all three builders to fight off import cars for years, because foreign manufacturers could not come close to building a vehicle that could do that. Nissan(Datsun) and Toyota finally put that belief to rest.<br /><br />There is a very good possibility that BNSF should have success with this project."</i><br /><br />Leave it to railfans!!CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-37970536055360407912014-10-13T18:22:18.534-07:002014-10-13T18:22:18.534-07:00Grain inventories and cash add up to $100M, bank d...Grain inventories and cash add up to $100M, bank debt $41M. So there's some capital tied up in the grain inventory. Maybe it's a wise strategy to pursue both (elevators and logistics hub) but there's enough cash to build the hub without selling shares to VN/Whitebox. And SSR is not at all strategic re: Northgate. In the same general area but as I understand it, Northgate will never connect to anything other than BNSF. The oil and grains will arrive at Northgate via truck. <br /><br />That's at least the answer I got from this train forum (I asked under the name bradgil, though I don't remember choosing the alias - must be named after Brad Gilbert.) <br /><br />http://cs.trains.com/trn/f/111/p/206171/2413685.aspx#2413685<br /><br />"BNSF is establishing the terminal to compete for the grain and oil traffic from the surrounding region in Canada. The south end of the terminal is at the border where the still surviving BNSF trackage remains. CN would see little advantage in rebuilding to connect since they already have other suitable long haul routes and won't want to see any of their traffic syphoned off by the BNSF."bjdubbsnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-83938989198844903202014-10-13T17:19:14.011-07:002014-10-13T17:19:14.011-07:00$50k for a grain elevator!
Maybe it's like th...$50k for a grain elevator!<br /><br />Maybe it's like the ship in Shipping Man?CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-56731817851417071852014-10-13T17:18:25.249-07:002014-10-13T17:18:25.249-07:00That's an interesting question about the worki...That's an interesting question about the working capital. The grain is financed with cheap bank loans though - probably couldn't use to build the hub. <br /><br />Selling the SSR doesn't make sense really either, since the purpose of their project is really to connect the BNSF to the CP. <br /><br />But I think you may be right about VN/Whitebox. The VN guys recently did a PIPE with another one of their companies.CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-80127589173204122792014-10-13T07:59:06.533-07:002014-10-13T07:59:06.533-07:00You should buy your own grain elevator....located ...You should buy your own grain elevator....located in "beautiful SW Missouri"<br /><br />http://us.businessesforsale.com/us/Grain-Elevator-Feed-Store-In-South-West-Missouri-For-Sale.aspxAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-53240532438886700572014-10-13T03:54:36.419-07:002014-10-13T03:54:36.419-07:00Why not use the working capital currently sitting ...Why not use the working capital currently sitting in the grain elevators in order to fund the logistics hub? If the elevators are so valuable, then they're valuable to rent out, not to fill with your own inventory. Or they could sell the SSR to fund the logistics hub. It looks like VN/Whitebox just wanted a larger investment. bjdubbsnoreply@blogger.com