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    TIMMINCO - metallurgisches SI für Solar - 500 Beiträge pro Seite

    eröffnet am 07.11.07 12:04:16 von
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    ID: 1.134.960
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    ISIN: CA8874041012 · WKN: 871433 · Symbol: TIMNF
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     Ja Nein
      Avatar
      schrieb am 07.11.07 12:04:16
      Beitrag Nr. 1 ()
      Wer sich z.B. für Solarvalue interessiert, sollte auch hierauf einen Blick werfen:

      Kanadisches Metallurgieunternehmen, dass einen Produktionsprozess für Solar-SI auf metallurgischer Basis entwickelt hat und zumindest im Pilotstadium auch schon betreibt.

      Echte Umsätze also. Kann man ja nicht von allen Unternehmen dieses Genres sagen ;).

      Poste im Anhang mal ein paar Meldungen.

      Wie immer keine Anlageempfehlung; Ich habe mir vorhin in Frankfurt meine 10 Guckstücke gekauft.

      Gruß
      Meinolf
      Avatar
      schrieb am 07.11.07 12:05:11
      Beitrag Nr. 2 ()
      Erster Vertrag:

      Timminco Limited Announces First Commercial Contract for High Purity Silicon
      Thursday March 15, 2007 4:30 pm ET

      TORONTO, ONTARIO--(CCNMatthews - March 15, 2007) - Timminco Limited (TSX:TIM - News), a leading producer of specialty and light metals, today announced that its wholly owned subsidiary, Becancour Silicon Inc.("BSI"), has reached agreement to sell high purity silicon to a solar cell manufacturer. The agreement anticipates shipments of high purity silicon in excess of 4,000 metric tons ("mt") over an initial term of 5 years and it represents BSI's first commercial contract for the sale of high purity silicon. BSI currently has the capacity to produce 300 mt of high purity silicon per year and is preparing to ramp up production towards the end of 2007.

      ADVERTISEMENT
      "A dedicated team of metallurgists has been working with certain customers over the past year in the course of developing a metallurgical process to purify chemical grade silicon produced by BSI to meet the demanding specifications of solar cell industry participants. BSI has a patent-pending process which enables it to produce high purity (a level of 99.999% purity) or solar grade silicon. In addition, other grades of silicon, including low boron silicon, can be produced using this process" said Mr. Rene Boisvert, President - Becancour Silicon Inc.

      "This is a tremendous breakthrough for our research and development team in Becancour and an important step in our strategy. High purity silicon or solar grade silicon is presently used in the manufacture of solar cells and currently attracts a significantly higher selling price per tonne than chemical grade silicon. Negotiations have commenced with other solar cell manufacturers globally and we hope to sign long term commitments over the next few months", continued Mr. Boisvert.
      Avatar
      schrieb am 07.11.07 12:06:05
      Beitrag Nr. 3 ()
      Zweiter Vertrag:

      Timminco Limited Announces Second Commercial Contract for High Purity Silicon
      Wednesday April 4, 2007 9:57 am ET

      TORONTO, ONTARIO--(CCNMatthews - April 4, 2007) - Timminco Limited (TSX:TIM - News), a leading producer of specialty and light metals, today announced that its wholly owned subsidiary, Becancour Silicon Inc.("BSI"), has reached agreement to sell high purity silicon to a solar cell manufacturer. The agreement provides for a minimum of 1,500 metric tons ("mt") and up to 5,000 mts over an initial term of 5 years, subject to BSI's increased production capacity and customer agreement. It represents BSI's second commercial contract for the sale of high purity silicon. BSI currently has the capacity to produce 300 mt of high purity silicon per year.

      ADVERTISEMENT
      "This second customer contract illustrates the interest that solar cell manufacturers have in the high purity silicon being produced by BSI. BSI has a patent-pending process which enables it to produce high purity (a level of 99.999% purity) or solar grade silicon. In addition, other grades of silicon, including low boron silicon, can be produced using this process" said Mr. Rene Boisvert, President - Becancour Silicon Inc.
      Avatar
      schrieb am 07.11.07 12:07:18
      Beitrag Nr. 4 ()
      Timminco Limited Provides Update on Its Solar Grade Silicon Metal Business
      Thursday May 31, 8:00 am ET

      TORONTO, ONTARIO--(CCNMatthews - May 31, 2007) - Timminco Limited ("Timminco" or the "Company") (TSX:TIM - News) is pleased to provide the following update about the Company's solar grade silicon metal business.

      ADVERTISEMENT
      Update on Solar Grade Silicon Metal Facility Expansion

      On April 30, 2007, Timminco completed a common share offering of 11.5 million common shares with gross proceeds of $29.9 million. The majority of the proceeds will be used to construct a 3,600 metric ton annual capacity facility for the production of solar grade silicon metal.

      The new facility will be constructed at Timminco's existing silicon metal production site in Becancour, Quebec. Design and engineering work for the new facility are in process. Construction is scheduled to begin following permitting approval from the Quebec Ministry of Environment, which is expected to be received within the next six weeks.

      The new plant will consist of three separate production lines, each expected to yield at least 1,200 metric tons of annual capacity. Timminco has ordered the solar grade silicon metal production equipment required for the expansion, with deliveries beginning in August 2007. This equipment is similar to the Company's 300 metric ton annual capacity pilot plant, which the Company is currently using to ship solar grade silicon metal to its customers under contract and solar grade silicon metal samples for testing to potential customers.

      The construction of the production lines will be modular, with the first of the three lines anticipated to be operational in December 2007. The additional lines are anticipated to be operational in January 2008 and February 2008, respectively. It is anticipated full production capacity will be reached in the beginning of the second quarter of 2008.

      Update on Solar Grade Silicon Metal Shipments

      As of the date of this release, Timminco has shipped more than 20 metric tons of solar grade silicon metal to its two customers under long term contracts and to potential customers. The majority of such solar grade silicon metal was shipped to customers under long term contract. A majority of the solar grade silicon metal was shipped in the second quarter of 2007.
      Avatar
      schrieb am 07.11.07 12:07:52
      Beitrag Nr. 5 ()
      Timminco Announces Ground-Breaking for Becancour Solar Silicon Facility
      Monday July 30, 8:30 am ET

      TORONTO, ONTARIO--(CCNMatthews - July 30, 2007) - Timminco Limited ("Timminco") (TSX:TIM - News) announced that it will be breaking ground today for the construction of its solar silicon metal facility located in Becancour Quebec. The ground-breaking ceremony will be attended by Louis Plamondon, MP, Bas-Richelieu-Nicolet-Becancour; Maurice Richard, Mayor of Becancour; Guy Leblanc, General Manager of the Industrial Park and Port of Becancour; and, a representative of Mrs. Julie Boulet, Minister of the Quebec Provincial Government responsible for the Mauricie Region signifying the importance of the new facility to the economy of the Mauricie Region of Quebec. The new plant will consist of three separate production lines, each expected to yield at least 1,200 metric tons of annual capacity bringing the total capacity of the facility to a minimum of 3,600 metric tons per year.

      ADVERTISEMENT
      The Company has now received regulatory approval to proceed with the construction of the facility. In line with previous estimates, the first of the three lines is anticipated to be operational in the fourth quarter of 2007 and the second and third lines are anticipated to be coming on stream in the first quarter of 2008. It is anticipated full production capacity will be reached in the beginning of the second quarter of 2008.

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      Avatar
      schrieb am 07.11.07 12:09:23
      Beitrag Nr. 6 ()
      Dritter Vertrag:

      Timminco Limited Announces Third Commercial Contract for High Purity Silicon
      Thursday September 6, 9:02 am ET

      TORONTO, ONTARIO--(Marketwire - Sept. 6, 2007) - Timminco Limited (TSX:TIM - News) today announced that its wholly owned subsidiary, Becancour Silicon Inc. ("BSI"), has entered into an agreement to sell high purity silicon to a solar cell manufacturer. The agreement provides for shipments of 13,100 metric tons over a term of 5 years subject to production capacity expansion. The agreement represents BSI's third long term commercial contract for the sale of high purity silicon. BSI currently is constructing a facility to produce 3,600 metric tons of solar silicon per year at its location in Becancour, Quebec. That facility is expected to begin production in the fourth quarter of 2007, reaching full production capacity by the end of the first quarter of 2008. In addition to this expansion, additional capacity will be required over time to satisfy current contracted volumes and future demand.

      "BSI's announced plans have generated a significant level of interest from prospective customers, leading to this third significant supply agreement. This level of interest reflects the potential for growth in the solar industry and the importance of silicon supply to that growth." said Mr. Rene Boisvert, President and CEO of BSI.
      Avatar
      schrieb am 07.11.07 12:11:24
      Beitrag Nr. 7 ()
      Marktkapitalisierung 1.128,76 Mio EUR
      Avatar
      schrieb am 07.11.07 12:33:53
      Beitrag Nr. 8 ()
      Antwort auf Beitrag Nr.: 32.323.091 von unawatuna am 07.11.07 12:11:24Ist teuer, gebe ich zu... :cool:
      Avatar
      schrieb am 07.11.07 12:36:40
      Beitrag Nr. 9 ()
      -Gehört zu AMG----Die im November 2006 gegründete AMG Advanced Metallurgical Group N.V. (WKN A0M WED / ISIN NL0000888691 / www.amg-nv.com ) mit Sitz im niederländischen Amsterdam stellt metallurgische Produkte für die Sparten Luft- und Raumfahrt, Elektronik, Energie, Chemie, Bau, Optik und Transport her. Das Unternehmen wird allerdings von der Stadt Wayne im US-amerikanischen Staat Pennsylvania aus geführt. Die Gruppe wurde aus Beteiligungen des Safeguard International Fund L.P. verschmolzen, wobei diese Beteiligungsgesellschaft noch weitere Engagements im Portfolio hat. AMG versteht sich als führender, global tätiger Spezialist, der Metallurgie-Produkte und Vakuum-Anwendung an eine breite Palette von Anwender-Industrien liefert. AMG bezeichnet sich als Marktführer in diversen Nischen auf rasch wachsenden Märkten, einschließlich Solarenergie und Luftfahrt. Die Gruppe teilt sich auf die zwei Sparten „Engineering Systeme“ und „Advanced Materials“ auf. Die „Engineering Systeme“ werden dabei von der Hanauer ALD Vacuum Technologies gebildet, die aus Leybold-Durferrit hervorging. „Advanced Materials“ umfasst die 1911 in Nürnberg gegründete GfE Gesellschaft für Elektrometallurgie. Sie ist mit der Companhia Industrial Fluminense in Brasilien aktiv. Des Weiteren zählt die Sudamin Holding mit der Vorgängerin Société Industrielle et Chimique de l'Aisne zu AMG. Außerdem wird die kanadische Timminco Ltd. (WKN 871 433) mehrheitlich beherrscht, die in Toronto gelistet ist. Timminco hat im September 2004 die Becancour Silicon Inc. komplett übernommen, die ihren Firmensitz im kanadischen Quebec hat.
      Am 11. Juli ist die Advanced Metallurgical Group an die Börse gegangen. Die Bookbuilding-Spanne für die rund 15 Millionen Aktien, die 56,1 Prozent der Firma darstellen, betrug 20 bis 25 Euro. Etwa zwei Drittel der Anteilscheine stammten aus einer Kapitalerhöhung und ein Drittel aus dem Bestand von Altaktionären, wie etwa dem Safeguard International Fond. Der Ausgabepreis betrug 24 Euro. AMG sind so brutto rund 361 Millionen Euro zugeflossen.

      Am 23. Juli hat die Advanced Metallurgical Group gemeldet, über Aktienkaufoptionen 913.500 Anteilscheine der Timminco Ltd. zu kaufen und so die Beteiligung auf 50,6 Prozent auszubauen. Verkäufer ist der Safeguard International Fond. AMG behält weitere rund 17,6 Millionen Optionen für Timminco-Aktien und wird Safeguard International 5,68 Kanadische Dollar je Timminco-Aktie bezahlen.

      Am 15. August hat die Advanced Metallurgical Group gemeldet, einen hochverzinslichen Kredit über 198,9 Millionen US-Dollar komplett getilgt zu haben.

      Am 4. September hat die Advanced Metallurgical Group gemeldet, einen Kreditrahmenvertrag über 275 Millionen US-Dollar mit der Credit Suisse als so genanntem Bookrunner einer internationalen Bankengruppe abgeschlossen zu haben. Mit etwa 100 Millionen Dollar daraus sollen alle bestehenden Kredite bei anderen Banken abgelöst werden.

      Am 6. September hat die Advanced Metallurgical Group gemeldet, dass die Becancour Silicon Inc., kurz BSI, einen Auftrag erhalten hat, wonach sie hochreines Silikon an einen Solarzellen-Produzenten liefern soll. Insgesamt umfasst der Auftrag ein Volumen von 13.100 metrischen Tonnen über einen Zeitraum von fünf Jahren. BSI errichtet derzeit am Stammsitz im kanadischen Becancour eine Fabrik, die eine Produktionskapazität von 3.600 Metrischen Tonnen im Jahr haben soll. Produktionsstart soll das vierte Quartal 2007 sein.

      Am 10. September hat die Advanced Metallurgical Group gemeldet, dass die Tochtergesellschaft Timminco Ltd. 7,65 Millionen Aktien für je 8,50 US-Dollar ausgeben und so zirka 65 Millionen Dollar brutto einnehmen wird. Die AMG wird bei dieser Privatplatzierung 3.870.900 Aktien übernehmen und rund 33 Millionen Dollar dafür zahlen. So hält die AMG auch weiterhin ihren Anteil von 50,6 Prozent an Timminco. AMG erhält zudem Optionen für den Kauf von bis zu 580.635 weiteren Aktien.

      Dr. Heinz Schimmelbusch ist Chairman und Vorstandsvorsitzender der Advanced Metallurgical Group N.V. Dr. Schimmelbusch ist 1993 nach Verlusten bei Termingeschäften als Vorstandsvorsitzender der Metallgesellschaft AG abgelöst worden. Heute ist die Metallgesellschaft im Wesentlichen in der GEA Group (WKN 660 200) aufgegangen. Dr. Schimmelbusch ist Gründer und Vorstandsvorsitzender der Allied Resource Corporation und Managing Director beim Safeguard International Fond. Dr. Schimmelbusch hat sich zwischenzeitlich die Rechte am Namen „Metallgesellschaft” gesichert und eine neue Firma dieses Namens in Elsteraue im Burgenlandkreis nahe der Stadt Zeitz eröffnet. Dr. Schimmelbusch hat die „neue MG“ von einer „Metallgesellschaft Limited“ im britischen London aus gegründet. Die AMG lässt sich also insgesamt als eine Art „Mini-MG“ beschreiben, nach dem was sich Dr. Schimmelbusch aus dem Beteiligungsportfolio des Safeguard Fonds ausgesucht hat.

      William Levy ist der Finanzvorstand der Advanced Metallurgical Group N.V. Eric Jackson ist der President von Advanced Materials und Dr. Reinhard Walter President der Engineering Services. Die Gesellschaft hat 26.799.504 Aktien ausgegeben. Zum 30. Juni hat AMG flüssige Mittel von 77,38 Millionen Euro ausgewiesen. Die Verbindlichkeiten betrugen 289,45 Millionen Euro.

      Quelle: http://www.depotliga.de/xist4c/web/Advanced-Metallurgical-Gr…
      Avatar
      schrieb am 07.11.07 12:40:45
      Beitrag Nr. 10 ()
      Antwort auf Beitrag Nr.: 32.322.977 von meinolf67 am 07.11.07 12:04:16Interessant, werde mich mal damit auseinandersetzen!
      Avatar
      schrieb am 07.11.07 12:44:15
      Beitrag Nr. 11 ()
      man hat im September nochmal eine Kapitalerhöhung gemacht, so dass jetzt ca. 102 mio. Aktien ausstehen.

      Dafür gibt es auch wieder ein meßbares EK mit ca. 125 Mio. CAD.

      Prospekt kann man sich über SEDAR runterladen.
      Avatar
      schrieb am 07.11.07 12:45:14
      Beitrag Nr. 12 ()
      Antwort auf Beitrag Nr.: 32.323.436 von unawatuna am 07.11.07 12:36:40DANKE für den Artikel!
      Avatar
      schrieb am 08.11.07 13:17:11
      Beitrag Nr. 13 ()
      Test:)
      Avatar
      schrieb am 08.11.07 13:19:30
      Beitrag Nr. 14 ()
      Antwort auf Beitrag Nr.: 32.339.834 von Hoerschwelle am 08.11.07 13:17:11:)

      Die Sulfuris hatten aber schon ein paar Personalwechsel....
      Avatar
      schrieb am 09.11.07 13:23:40
      Beitrag Nr. 15 ()
      Antwort auf Beitrag Nr.: 32.339.879 von meinolf67 am 08.11.07 13:19:30... das macht nichts, hast Du Dir mal angeschaut wer die Finger drinnen hat?

      Vattenfall und die Zander Gruppe halten Löwenanteile
      Avatar
      schrieb am 09.11.07 14:26:38
      Beitrag Nr. 16 ()
      Antwort auf Beitrag Nr.: 32.360.411 von Hoerschwelle am 09.11.07 13:23:40war bekannt. Und? :cool:

      wenn ich Vattenfall höre, dann denke ich an Versager....
      Avatar
      schrieb am 09.11.07 15:22:12
      Beitrag Nr. 17 ()
      Antwort auf Beitrag Nr.: 32.361.365 von meinolf67 am 09.11.07 14:26:38:laugh:

      Jopp, bei Vattenfall in jedem Fall:D
      Avatar
      schrieb am 27.11.07 14:31:14
      Beitrag Nr. 18 ()
      Timminco Announces Third Quarter 2007 Results
      Monday, November 12, 2007; Posted: 05:55 PM
      More Breaking News about TIM
      Timminco Announces Change of Auditor
      Timminco Announces Change of Auditor
      Timminco Announces Third Quarter 2007 Results
      Click here for More News >>
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      TORONTO, ONTARIO, Nov 12, 2007 (Marketwire via COMTEX) -- TIMNF | charts | news | PowerRating -- Timminco Limited ("Timminco" or the "Company")(TSX:TIM) announced its financial results for the third quarter ended September 30, 2007. The Company is divided into two segments: the Magnesium Group and the Silicon Group.

      OVERVIEW

      The Silicon Group reported positive net income before amortization, interest and taxes ("EBITDA") for both the third quarter and the nine months ending September 30, 2007. The Magnesium Group reported a loss at the EBITDA level for both the third quarter and year to date. Continued challenges in operations in both businesses and in Fundo Wheels resulted in a net loss for both the quarter and year to date.

      "The positive developments in the solar silicon business, with strong demand and rising prices, are most welcome. We continue to be very optimistic about the opportunities in this business. For the third quarter, operating results in both the silicon metal and magnesium businesses were affected by operating issues and a strong Canadian dollar. In the Magnesium business, a weakening US housing sector is not helpful," noted Heinz Schimmelbusch, Chairman and CEO of Timminco. "However, both the progress in the construction of the solar silicon facility and our common share offering are very positive events in the quarter," continued Dr. Schimmelbusch.

      "The magnesium business is showing signs of improvement due to a continued focus on margin improvement, cost reduction and management reorganization. The strategic challenge for this business is securing an economic supply of magnesium to leverage our growth opportunities," noted Dr. Schimmelbusch.

      RESULTS OF FOR THE THIRD QUARTER

      For the quarter ended September 30, 2007, the net loss was $4.6 million or $0.05 per share compared with a loss of $3.1 million or $0.04 per share in the third quarter of 2006. For the nine months ended September 30, 2007, the net loss was $9.2 million or $0.11 per share compared with a loss of $7.5 million or $0.10 per share in the same period in 2006.

      Sales for the third quarter of 2007 were $43.0 million, a decrease of $1.1 million compared to sales of $44.1 million for the third quarter of 2006. For the nine months ended September 30, 2007, sales were $125.9 million compared with $130.2 million in the first nine months of 2006.

      Silicon Group

      In the Silicon Group, sales for the third quarter of 2007 were $28.6 million compared with $28.1 million in the third quarter of 2006, an increase of $0.5 million. For the nine months ended September 30, 2007, sales in the Silicon Group were $76.1 million compared with $72.0 million for the first nine months of 2006. In the third quarter and on a year to date basis, there has been an increase in the sales of silicon metal compared to the same periods in 2006. Sales of ferrosilicon and by-products decreased when compared to the third quarter of 2006. Sales of solar grade silicon from the Company's prototype facility were 30 metric tons in the third quarter of 2007 and 56 metric tons year to date.

      For the quarter ended September 30, 2007, the Silicon Group had a gross margin of $0.6 million or 2.1% of sales compared with $1.7 million or 6.1% of sales in the third quarter of 2006. For the nine months ended September 30, 2007, gross margin was $2.6 million or 3.5% of sales compared with $1.7 million or 2.4% of sales in the first nine months of 2006. For the quarter, gross margin was impacted by the strength of the Canadian dollar when compared to the US dollar. Compared to the third quarter of 2006, the strength of the Canadian dollar had an unfavourable impact of approximately $1.4 million on sales. The increase in gross margin for the nine months ended September 30, 2007, is related to higher selling prices for materials, predominantly silicon metal, negotiated for the 2007 fiscal year.

      Magnesium Group

      Sales for the Magnesium Group for the third quarter of 2007 were $14.4 million compared to $16.0 million in the third quarter of 2006. For the nine months ended September 30, 2007, sales were $49.8 million compared to $58.2 million in the first nine months of 2006. The strength of the Canadian dollar when compared to the US dollar was responsible for approximately 40% of the sales decrease for the quarter ended September 30, 2007 when compared to the same quarter in the prior year, as the majority of the Group's sales are made in US dollars. Comparing the third quarter and the nine months ended September 30, 2007 with the respective periods in the prior year, sales of anodes and concrete tools were lower in 2007. Actual tonnes of magnesium sold increased 3.2% in the third quarter of 2007 compared to the same quarter in 2006 and were up 1.1% on a year to date basis when compared to the prior year.

      Gross margin in the Magnesium Group was $2.2 million or 14.9% of sales in the third quarter of 2007 compared to $2.1 million or 12.9% of sales in the third quarter of 2006. For the nine months ended September 30, 2007, gross margin was $5.5 million or 11.0% of sales compared to $8.1 million or 13.9% of sales during the first nine months of 2006. In the third quarter of 2007, the increase in gross margin percentage was due to lower manufacturing variances and overheads and a slightly more favourable product mix. For the nine months ended September 30, 2007, the decrease in gross margin percentage when compared to the same period in 2006 is due to higher manufacturing variances, which predominantly occurred in the first quarter, offset by lower overhead costs.

      Amortization of capital assets in the third quarter of 2007 was $0.1 million, down from $0.9 million in the third quarter of 2006. The decrease in amortization was caused by the lower level of property, plant and equipment in the Magnesium Group, an outcome of the asset impairment charge of $31.2 million taken in December 2006.

      FINANCIAL HIGHLIGHTS

      (000's except per share data) -------------------------------------------- Three Months ended Nine Months ended (unaudited) (unaudited) -------------------------------------------- September September September September 30, 2007 30, 2006 30, 2007 30, 2006 -------------------------------------------- Sales 43,033 44,065 125,930 130,202

      Gross profit 3,095 4,119 9,094 10,799

      Gross profit percentage 7.2% 9.3% 7.2% 8.3%

      Net income (loss) (4,579) (3,105) (9,200) (7,500)

      Earnings (loss) per common share, basic and diluted (0.05) (0.04) (0.11) (0.10) Working capital (excluding cash items) 23,681 36,547 23,681 36,547

      Total assets 186,865 149,760 186,865 149,760

      Bank debt 327 33,268 327 33,268

      Total long term liabilities excluding bank debt 22,673 23,282 22,673 23,282

      Cash flow from operations (4,218) (6,219) (5,047) (6,008)

      Weighted average number of common shares outstanding, basic and diluted 93,932 75,133 85,396 75,133

      FORWARD-LOOKING STATEMENTS

      This news release contains forward-looking statements concerning Timminco's business and operations. Timminco cautions that, by their nature, forward-looking statements involve risk and uncertainty and that Timminco's actual results could differ materially from those expressed or implied in such statements. Such statements include comments regarding the status of construction of the new 3,600 metric ton solar grade silicon manufacturing facility, and pricing and demand for the products of the Silicon Group.

      There are financial and operational risks inherent in all of Timminco's businesses, which include, but are not limited to: commodity prices, currency exchange, interest rates, capital, credit, regulatory, political, operational and environmental risks. In Timminco's solar silicon business, there are additional risks associated with the expansion of this business and production capacity, increasing product purity, the long-term commercial contracts, and protection of intellectual property. Timminco takes specific measures to manage anticipated risks, and any forward-looking statements in this news release were based on the assumption of no significant changes or trends with respect to such risk factors. However, there can be no assurance that future developments affecting Timminco or its businesses will be those anticipated by Timminco. Reference should be made to the most recent Management's Discussion and Analysis for a description of the major risk factors. Timminco disclaims any duty to update forward-looking statements other than through relevant future Management's Discussions and Analyses.

      ABOUT TIMMINCO

      Timminco is a leader in the production of silicon metal for the electronics, chemical and aluminum industries. Timminco has also commenced production of solar grade silicon metal. Other businesses include the production and marketing of magnesium, calcium and strontium alloys and magnesium extruded and fabricated products. Timminco's products are used in a broad range of specialized industrial applications and industries such as electronics, solar energy, chemical, engineered extruded products, pharmaceutical, automotive and metallurgical. Timminco's common shares are traded on the Toronto Stock Exchange under the symbol TIM.

      Timminco Limited

      Consolidated Balance Sheets As at September 30 December 31 2007 2006 (unaudited) -------------------------------------------------------------------------- (in thousands of Canadian dollars)

      ASSETS Current Assets Cash $ 60,926 $ 804 Accounts receivable 23,885 19,834 Inventories 29,516 33,830 Prepaid expenses and deposits 1,898 2,160 Future income taxes 225 225 ------------------------------- 116,450 56,853 -------------------------------

      Long term receivables 112 135 Convertible note receivable (Note 3) 2,051 - Property, plant and equipment 30,620 18,280 Investment in Fundo Wheels AS (Note 3) 8,313 9,173 Employee future benefits 2,437 2,034 Deferred financing costs - 526 Future income taxes 3,549 3,431 Intangible assets (Note 10) 5,025 4,262 Goodwill 18,308 18,308 ------------------------------- $ 186,865 $ 113,002 ------------------------------- -------------------------------

      LIABILITIES Current Liabilities Bank indebtedness (Note 5 and 13) $ 327 $ 26,243 Accounts payable and accrued liabilities 24,642 25,062 Term bank debt (Note 5 and 13) - 4,355 Due to affiliated companies (Note 4 and 6) 5,118 5,497 Future income taxes 183 - Current portion of long term provisions (Note 11) 1,900 2,863 ------------------------------- 32,170 64,020

      Loan - other 171 202 Employee future benefits 17,993 17,508 Future income taxes 1,234 1,324 Long term provisions 3,275 3,720 ------------------------------- 54,843 86,774 -------------------------------

      SHAREHOLDERS' EQUITY Capital stock (Note 6) 199,089 84,191 Equity component of convertible notes (Note 4 and 6) 2,521 1,693 Contributed surplus 3,177 3,192 Deficit (72,131) (62,490) Accumulated other comprehensive loss (Note 2 and 9) (634) (358) ------------------------------- 132,022 26,228 ------------------------------- $ 186,865 $ 113,002 ------------------------------- -------------------------------

      The accompanying notes are an integral part of these interim consolidated financial statements.

      Timminco Limited Consolidated Statements of Operations, Comprehensive Loss and Deficit (unaudited)

      Three months ended Nine months ended September 30 September 30 ------------------------------------------------------------------------- 2007 2006 2007 2006 ------------------------------------------------------------------------- (in thousands of Canadian dollars, except for earnings per share information)

      Sales $ 43,033 $ 44,065 $ 125,930 $ 130,202

      Expenses Cost of goods sold 39,938 39,946 116,836 119,403 Selling and administrative 4,666 3,161 11,990 10,087 Amortization of property, plant and equipment 828 1,502 2,160 4,678 Amortization of intangible assets 138 138 413 413 Amortization of deferred financing costs - 104 - 311 Interest 546 938 2,111 2,384 Foreign exchange (gain) loss 559 (20) (884) (2,485) ---------------------------------------------------

      Loss before the undernoted (3,642) (1,704) (6,696) (4,589)

      Gain on sale of property, plant and equipment 10 5 41 120 Reorganization costs - (51) (34) (79) Equity loss of Fundo Wheels AS (1,295) (1,263) (2,422) (2,741) ---------------------------------------------------

      Loss before income taxes (4,927) (3,013) (9,111) (7,289) Income taxes Current (24) 6 163 220 Future (324) 86 (74) (9) --------------------------------------------------- (348) 92 89 211 ---------------------------------------------------

      --------------------------------------------------- Net loss $ (4,579) $ (3,105) $ (9,200) $ (7,500) --------------------------------------------------- ---------------------------------------------------

      Other Comprehensive Loss, net of income taxes

      Loss on foreign exchange forwards realized in the period - - 1,086 -

      Unrealized gain (loss) on translating financial 145 (280) (276) 8 statement of self-sustaining foreign operation - Fundo Wheels AS --------------------------------------------------- Comprehensive Loss $ (4,434) $ (3,385) $ (8,390) $ (7,492) --------------------------------------------------- ---------------------------------------------------

      Loss per common share - basic and diluted $ (0.05) $ (0.04) $ (0.11) $ (0.10) --------------------------------------------------- ---------------------------------------------------

      Weighted average number of common shares outstanding - basic and diluted (Note 6 (b)) 93,932,352 75,132,614 85,396,245 75,132,614 --------------------------------------------------- ---------------------------------------------------

      Consolidated Statements of Deficit (unaudited)

      Three months ended Nine months ended September 30 September 30 2007 2006 2007 2006 ------------------------------------------------------------------------- (in thousands of Canadian dollars)

      Deficit at beginning of period $ (67,552) $ (20,652) $ (62,490) $ (16,257) Net loss (4,579) (3,105) (9,200) (7,500) Adjustment for changes in accounting policy (Note 2) - - (441) - ------------------------------------------------------

      Deficit at end of period $ (72,131) $ (23,757) $ (72,131) $ (23,757) ------------------------------------------------------

      The accompanying notes are an integral part of these interim consolidated financial statements.

      Timminco Limited Consolidated Statements of Cash Flows (unaudited)

      Three months ended Nine months ended September 30 September 30 2007 2006 2007 2006 -------------------------------------------------------------------------- (in thousands of Canadian dollars)

      Cash flows from operating activities Net loss $ (4,579) $ (3,105) $ (9,200) $ (7,500) Adjustments for items not requiring cash Amortization of property, plant and equipment 828 1,502 2,160 4,678 Amortization of intangible assets 138 138 413 413 Amortization of deferred financing costs - 104 - 311 Stock based compensation 126 117 360 352 Reorganization costs - 51 34 79 Benefits plan expense 819 803 2,214 2,297 Gain on disposal of property, plant and equipment (10) (5) (41) (120) Future income taxes (272) 86 60 61 Equity loss of Fundo Wheels AS 1,295 1,263 2,422 2,741 Defined benefit pension plan contributions (1,010) (495) (2,132) (1,862) Expenditures charged against provision for reorganization (297) (361) (1,358) (1,530) Expenditures charged against other long term provisions (47) (3) (84) (56)

      Change in non-cash working capital items (Increase) decrease in accounts receivable (4,662) (3,597) (4,051) (2,693) (Increase) decrease in inventories 1,756 483 4,314 (122) (Increase) decrease in prepaid expenses and deposits (207) 307 262 237 Increase (decrease) in accounts payable and accrued liabilities 1,904 (3,507) (420) (3,294) ---------------------------------------------- (4,218) (6,219) (5,047) (6,008) ----------------------------------------------

      Cash flows from investing activities Capital expenditures (8,021) (1,214) (15,211) (3,376) Development costs capitalized (Note 10) - - (1,176) - Investment in Fundo Wheels AS (Note 3 and 4 (15) - (1,838) - Investment in convertible note (Note 3) (2,051) - (2,051) - Decrease in long term receivables 8 20 23 65 Proceeds on disposal of property, plant and equipment 10 5 774 120 Other 20 (6) (22) (257) ---------------------------------------------- (10,049) (1,195) (19,501) (3,448) ----------------------------------------------

      Cash flows from financing activities (Decrease) increase in bank indebtedness (6,055) 4,337 (25,916) 2,407 Decrease in term bank debt (3,375) (337) (4,386) (990) (Decrease) increase in loans from affiliated companies (78) 3,422 3,054 5,714 Expenditures charged against deferred financing costs - (56) - (115) Issuance of capital stock 83,943 - 111,918 - ---------------------------------------------- 74,435 7,366 84,670 7,016 ----------------------------------------------

      Increase (decrease) in cash 60,168 (48) 60,122 (2,440)

      Cash at beginning of period 758 88 804 2,480

      ---------------------------------------------- Cash at end of period $ 60,926 $ 40 $ 60,926 $ 40 ---------------------------------------------- ----------------------------------------------

      Supplemental information Cash paid during the period: Interest $ 387 $ 808 $ 1,656 $ 2,231 ---------------------------------------------- ---------------------------------------------- Income taxes $ 100 $ 78 $ 234 $ 729 ---------------------------------------------- ----------------------------------------------

      The accompanying notes are an integral part of these interim consolidated financial statements.

      Timminco Limited

      Notes to the Interim Consolidated Financial Statements

      For the quarter ended September 30, 2007 and 2006

      Unaudited

      The notes presented in these interim consolidated financial statements refer to only significant events and transactions since December 31, 2006 and are not fully inclusive of all matters normally disclosed in the Company's annual audited financial statements including the disclosures required by Canadian Generally Accepted Accounting Principles ("GAAP"). Accordingly, these interim consolidated financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2006.

      1. NATURE OF OPERATIONS

      Timminco Limited (the "Company" or "Timminco") is a global supplier of silicon metal for the electronics, chemical and aluminum industries and solar grade silicon for the solar industry. Other businesses include the production and marketing of magnesium, calcium and strontium alloys and magnesium extruded and fabricated products. Timminco's products are used in a broad range of specialized industrial applications and industries. The Company manages its business along two principal business segments, the production and sale of silicon based metals, the Silicon Group and the production and sale of specialty non-ferrous metals, the Magnesium Group. AMG Advanced Metallurgical Group N.V. ("AMG") is the controlling shareholder of the Company.

      2. CHANGE IN ACCOUNTING POLICIES AND ACCOUNTING CHANGES

      These interim consolidated financial statements have been prepared using the same accounting policies and methods as were used for the consolidated financial statements for the year ended December 31, 2006, except for the following new accounting pronouncements which have been adopted effective January 1, 2007:

      On January 1, 2007, the Company adopted the recommendations of the Canadian Institute of Chartered Accountants ("CICA") Handbook: Section 1530, Comprehensive Income, Section 3251, Equity, Section 3855, Financial Instruments - Recognition and Measurement, Section 3861, Financial Instruments - Disclosure and Presentation and Section 3865, Hedges. These new Handbook Sections, which apply to fiscal years beginning on or after October 1, 2006, provide comprehensive requirements for the recognition and measurement of financial instruments, as well as standards on when and how hedge accounting may be applied. Section 1530 also establishes standards for reporting and displaying comprehensive income. Comprehensive income is defined as the change in equity from transactions and other events from non-owner sources. Other comprehensive income refers to items recognized in comprehensive income, but that are excluded from net income calculated in accordance with generally accepted accounting principles.

      Under Section 3855, all financial instruments are classified into one of the following five categories: held-for trading, held-to-maturity investments, loans and receivables, available-for-sale financial assets or other financial liabilities. All financial instruments, including derivatives, are included in the consolidated balance sheet and are measured at fair value with the exception of loans and receivables, investments held-to-maturity and other financial liabilities, which are measured at amortized cost. Subsequent measurement and recognition of changes in fair value of financial instruments depend on their initial classification. Held-for-trading investments are measured at fair value and all gains and losses are included in net income in the period in which they arise. Available-for-sale financial assets are measured at fair value with revaluation gains and losses included in other comprehensive income until the asset is derecognized or impaired. As a result of the adoption of these new standards, the Company has classified its cash as held-for-trading. Receivables are classified as loans and receivables. Foreign forward exchange contracts, included in prepaid expenses and deposits, are classified as held-for-trading. The Company's investment in Fundo Wheels AS is accounted for under the equity method. Unrealized gains and losses from the translation into Canadian dollars of this equity investment are now presented as a separate component of other comprehensive income (loss). In accordance with Section 3251, accumulated other comprehensive income (loss) is presented as a separate component of shareholders' equity in the Consolidated Balance Sheets. Previously, these gains and losses were deferred and included in the foreign currency translation adjustment as part of shareholders' equity. Accounts payable and accruals and short-term debt, including interest payable, are classified as other financial liabilities. The principal changes in the accounting for financial instruments and hedging relationships due to the adoption of these accounting standards are described below.

      Comprehensive Income

      The Company's comprehensive loss is composed of net loss and other comprehensive loss ("OCL"). OCL includes the deferred loss on the foreign exchange forward contracts (see discussion under "Hedges" below) and their reclassification in the statements of operations during the period, as well as the foreign currency loss on the Company's investment in Fundo Wheels AS.

      Equity

      Accumulated other comprehensive income ("AOCI") is included on the consolidated balance sheet as a separate component of shareholders' equity.

      Derivatives

      Derivatives are carried at fair value and are reported as assets where they have a positive fair value and as liabilities where they have a negative fair value. Non-financial derivatives are carried at fair value unless exempted from derivative treatment as a normal purchase and sale. The Company has reviewed all significant contractual arrangements and determined there are no material non-financial derivatives that need to be carried at fair value.

      Embedded derivatives

      Derivatives embedded in other financial instruments or contracts are separated from their host contracts and accounted for as derivatives when their economic characteristics and risks are not closely related to those of the host contract; the terms of the embedded derivative are the same as those of a free standing derivative; and the combined instrument or contract is not measured at fair value, with changes in fair value recognized in interest and other expenses, net. These embedded derivatives are measured at fair value with changes therein recognized in interest and other expenses, net. The Company selected January 1, 2003 as the transition date for embedded derivatives, as such only contracts or financial instruments entered into or modified after the transition date were examined for embedded derivatives. As at September 30, 2007, the Company does not have any outstanding contracts or financial instruments with embedded derivatives that require bifurcation. The Company has chosen, as a matter of accounting policy, not to account for embedded foreign currency derivatives in host contracts that are not financial instruments separately from the host contracts when the currency that is commonly used in contracts to purchase or sell non-financial items in the economic environment is that currency in which the transaction takes place.

      Transaction costs

      Transaction costs directly attributable to the issuance of long-term debt are now expensed. Previously, these amounts were deferred and amortized using the straight line method over the term of the debt. During the first quarter, $0.4 million of transaction costs were recognized as an adjustment of the balance of retained earnings at the beginning of the period due to the adoption of this accounting policy.

      Determination of fair value

      The fair value of a financial instrument is the amount of consideration that would be agreed upon in an arm's length transaction between knowledgeable, willing parties who are under no compulsion to act. The fair value of a financial instrument on initial recognition is the transaction price, which is the fair value of the consideration given or received. Subsequent to initial recognition, the fair values of financial instruments that are quoted in active markets are based on bid prices for financial assets held and offer prices for financial liabilities. When independent prices are not available, fair values are determined by using valuation techniques which refer to observable market data. These include comparisons with similar instruments where market observable prices exist, discounted cash flow analysis, option pricing models and other valuation techniques commonly used by market participants.

      Hedges

      Section 3865 of the CICA Handbook specifies the criteria that must be satisfied in order for hedge accounting to be applied and the accounting for each of the permitted hedging strategies: fair value hedges and cash flow hedges. Hedge accounting is discontinued prospectively when the hedging relationship ceases to be effective, when the hedging item or hedged item ceases to exist and when the entity terminates its designation of the hedging relationship. The Company does not have any forward contracts accounted for as hedges as at September 30, 2007. As at December 31, 2006, the Company accounted for its forward currency contacts using hedge accounting under Accounting Guideline 13 ("AcG 13"). As at January 1, 2007, the Company discontinued accounting for forward contracts under AcG 13, The deferred loss on the hedging item as at January 1, 2007 was transferred to accumulated other comprehensive loss and reclassified to the statement of operations when the hedged item affected the statement of operations in the period. Future changes in fair value (subsequent to January 1, 2007) of the Company's forward contracts will be recorded in foreign exchange gain/loss on the statement of operations and the forward contracts will be recorded at fair value as a prepaid item. As at September 30, 2007, the fair value loss on currency forward contracts was nil.

      Transitional adjustment

      Adoption of these standards was on a prospective basis without retroactive restatement of prior periods, except for the restatement of equity balances to reflect the reclassification of "Foreign currency translation adjustments" to "Accumulated other comprehensive income".

      ACCOUNTING CHANGES

      Effective January 1, 2007, the Company has adopted the new recommendations of the CICA Handbook Section 1506, Accounting Changes. Under these new recommendations, voluntary changes in accounting policy are permitted only when they result in the financial statements providing reliable and or relevant information, requires changes in accounting policy to be applied retrospectively unless doing so is impracticable, requires prior period errors to be corrected retrospectively and requires enhanced disclosures about the effects of changes in accounting policies, estimates and errors on the financial statements. These recommendations also require the disclosure of new primary sources of generally accepted accounting principles that have been issued but are not yet effective. The impact that the adoption of this section will have on the Company's financial statements will depend on the nature of future accounting changes and the required additional disclosure on Recent Accounting Pronouncements as noted below.

      Recent Accounting Pronouncements

      Recent accounting pronouncements issued and not yet effective:

      Capital Disclosures

      CICA Handbook Section 1535, Capital Disclosures, requires disclosure of an entity's objectives, policies and processes for managing capital, quantitative data about what the entity regards as capital and whether the entity has complied with any capital requirements and, if it has not complied, the consequences of such non-compliance. This standard is effective for the Company for interim and annual financial statements beginning on January 1, 2008. The Company has not yet determined the impact of the adoption of this change on the disclosure in its financial statements.

      Financial Instruments Disclosures

      CICA Handbook Section 3862, Financial Instruments - Disclosures, increases the disclosures currently required that will enable users to evaluate the significance of financial instruments for an entity's financial position and performance, including disclosures about fair value. In addition, disclosure is required of qualitative and quantitative information about exposure to risks arising from financial instruments, including specified minimum disclosures about liquidity risk and market risk. The quantitative disclosures must also include a sensitivity analysis for each type of market risk to which an entity is exposed, showing how net income and other comprehensive income would have been affected by reasonably possible changes in the relevant risk variable. This standard is effective for the Company for interim and annual financial statements beginning on January 1, 2008. The Company has not yet determined the impact of the adoption of this change on the disclosure in its financial statements.

      Financial Instruments Presentation

      CICA Handbook Section 3863, Financial Instruments - Presentation, replaces the existing requirements on presentation of financial instruments which have been carried forward unchanged to this new section. This standard is effective for the Company for interim and annual financial statements beginning on January 1, 2008. The Company does not expect the adoption of this standard to have a material impact on presentation in its financial statements.

      General Standards on Financial Statement Presentation

      CICA Handbook Section 1400, General Standards on Financial Statement Presentation, has been amended to include requirements to assess and disclose an entity's ability to continue as a going concern. The changes are effective for the Company for interim and annual financial statements beginning January 1, 2008. The Company does not expect the adoption of these changes to have an impact on its financial statements.

      International Financial Reporting Standards

      The CICA plans to converge Canadian GAAP with International Financial Reporting Standards (IFRS) over a transition period expected to end in 2011. The impact of the transition to IFRS on the Company's financial statements is not yet determinable.

      Inventories

      The new Section 3031 "Inventories", was issued in June 2007 and replaces existing Section 3030 of the same title. It provides guidance with respect to the determination of cost and requires inventories to be measured at the lower of cost and net realizable value. Reversal of previous write-downs to net realizable value when there is a subsequent increase in the value of inventories is now required. The cost of the inventories should be based on a first-in, first-out or a weighted average cost formula. Techniques used for the measurement of cost of inventories, such as the retail method or standard cost method, may be used for convenience if the results approximate cost. The new standard also requires additional disclosures including the accounting policies used in measuring inventories, the carrying amount of the inventories, amounts recognized as an expense during the period, write- downs and the amount of any reversal of any write-downs recognized as a reduction in expenses. This standard is effective for fiscal years beginning on or after January 1, 2008. The difference in the measurement of opening inventory may be applied to the opening inventory for the period, with an adjustment to opening retained earnings with no prior periods restated, or retrospectively with a restatement to prior periods in accordance with Section 1506 "Accounting Changes". The standard is applicable to the Company for the first quarter of 2008. The Company is currently assessing the implications of this standard to identify differences between the current accounting and the new guidance in the standard.

      3. INVESTMENT IN FUNDO WHEELS AS AND CONVERTIBLE NOTE

      Fundo Wheels AS ("Fundo"), a Norwegian company with operations located in Hoyanger, Norway, is an original equipment manufacturer of cast aluminium wheels for high end European car manufacturers. On March 22, 2004, the Company acquired 100% of the shares of Nor-Wheels AS ("Nor-Wheels"), a Norwegian Company that holds a 24.4% interest in Fundo for $6,276,000.

      Nor-Wheels became a subsidiary of Timminco and assumed the Company's rights and obligations under the Call Option and Fees Agreement and other existing agreements with the controlling shareholder of Fundo, which is the Community of Hoyanger (the "Community"). As at September 30, 2007, the Community owns approximately 53% of Fundo. The Company accounts for the Fundo investment under the equity method. The acquisition of the equity interest did not create any purchase discrepancy.

      On May 25, 2005, the Company acquired an additional 726 shares of Fundo from an unrelated third party. The purchase price was satisfied by the issuance of 5,750,000 common shares of the Company from treasury, valued at $4,393,000. The value was determined using the weighted average share price for the two days before and after the transaction announcement. The acquisition of the equity interest did not create any purchase discrepancy. As a result of the transaction, the Company's ownership interest increased from 24.4% to 47% of Fundo.

      In December 2006, the Company acquired an additional 264 shares of Fundo from treasury for $1,058,000. The Community also invested in Fundo such that the Company's ownership interest remained at 47%. The acquisition of the interest did not create any purchase discrepancy.

      In March 2007, the Company acquired an additional 453 shares of Fundo from treasury for $1,823,000. The Community also invested in Fundo such that the Company's ownership interest remained at 47%. The acquisition of the interest did not create any purchase discrepancy.

      On September 10, 2007, the Company loaned Fundo $2.0 million to assist Fundo with its working capital requirements. The loan is due December 31, 2010, bears interest at three month NIBOR plus 4% and is to be repaid in instalments commencing September 30, 2009. The loan is secured by a charge against Fundo's land, buildings and equipment and is subordinate to Fundo's bank debt. The loan is convertible into shares of Fundo at the Company's option at Fundo's book value on the date the loan was granted or on the date of conversion at the Company's option. The conversion of the loan is restricted such that the Company cannot exceed ownership of 49.9% of Fundo through the conversion of this loan.

      Also on September 10, 2007, Fundo's shareholders agreed to terminate the call option that Nor-Wheels had in respect of the Community's shares in Fundo and the put option that the Community had in respect of its shares in Fundo.

      4. RELATED PARTY TRANSACTIONS

      During the quarter ended March 31, 2007, Safeguard International Fund, L.P. ("Safeguard") transferred all of its common shares of the Company to AMG. On July 11, 2007, AMG completed its initial public offering, with a secondary offering by Safeguard of a portion of its shares of AMG. The shares of AMG are listed on the Euronext Amsterdam stock exchange.

      On March 1, 2007, ALD International L.L.C. ("ALD International"), an affiliate of Safeguard, loaned $4.5 million to the Company to expedite product development and to fund its further investment in Fundo. The loan, which is in the form of a convertible promissory note and is secured against certain assets of the Company, is repayable on demand, and bears interest at the U.S. prime rate plus 1%. The loan and related security are subordinate to the indebtedness and the security provided by the Company's senior lender, Bank of America, N.A. Under the terms of the loan, ALD International has the option to convert the whole or any part of the outstanding principal amount at any time into common shares of the Company at a conversion rate of $0.42 per common share.

      On April 26, 2007, ALD International exercised its right to convert the entire principal amount outstanding under the US$2.0 million convertible promissory note issued March 7, 2006 into 5,601,000 common shares of the Company at a conversion rate of Cdn$0.40 per common share. The Canadian dollar equivalent of the United States dollars comprised in the principal amount of the note was $2.24 million. ALD International subsequently transferred all such shares to AMG.

      On July 23, 2007, Safeguard exercised its right to convert US$350,000 of the principal amount outstanding under the US$3.0 million convertible promissory note issued August 31, 2006 into 913,500 common shares of the Company at a conversion rate of Cdn$0.40 per common share. The Canadian dollar equivalent of the United States dollars converted was $0.37 million. Pursuant to an agreement among AMG, Safeguard and ALD International, all of the issued shares were issued directly to AMG (See Note 6).

      5. BANK DEBT

      (a) Bank debt at September 30, 2007 and December 31, 2006 was comprised as follows:

      (000's) September 30, 2007 December 31, 2006 --------------------------------------------------------------------------- Bank indebtedness $ 327 $ 26,243 Current portion of long term bank debt - 4,355 --------------------------------------------------------------------------- $ 327 $ 30,598 --------------------------------------------------------------------------- ---------------------------------------------------------------------------

      At September 30, 2007, total bank debt denominated in US dollars amounted to US$0.1 million (December 31, 2006 - US$27.3 million).

      (b) As at March 31, 2006, the Company was in compliance with its covenants under its credit facility and banking agreement dated April 15, 2005 (the "Credit Agreement") with Bank of America, N.A. (the "Bank"). As at June 30, 2006, the covenants in the Credit Agreement were amended by requiring the Company to maintain minimum levels of earnings before interest, taxes, depreciation and amortization ("EBITDA"), as defined by the Credit Agreement and limiting the amount of capital expenditures. Both the EBITDA and capital expenditure requirements were to be measured at June 30, September 30 and December 31, 2006. As at December 31, 2006, such covenants were further amended such that the Company was in compliance. The Bank also amended the covenants for fiscal 2007; for the first three quarters of 2007, the Company was required to meet certain EBITDA levels and submit to certain limits on capital spending. The revised covenants for 2007 were based on the Company's 2007 budget. As at March 31, June 30 and September 30, 2007, such covenants were further amended such that the Company was in compliance with its covenants under the Credit Agreement as at those dates.

      Furthermore, the Credit Agreement was amended in 2006 to expand the Company's borrowing base by a maximum of US$1.3 million through the inclusion of receivables from Australia, Japan and Mexico into the borrowing base formula. These receivables were previously considered ineligible by the Bank. This increase in borrowing base is a temporary relief expiring on November 30, 2007.

      6. CAPITAL STOCK

      (a) Authorized: unlimited number of Class A and Class B preference shares, issuable in series and having such rights, privileges, restrictions and conditions as may be approved by the Board of Directors of the Company.

      Issued: none

      (b) Authorized: unlimited number of common shares. Holders of common shares are entitled to one vote for each share.

      Issued capital is: Common Shares No. of Shares Amount (000's) ---------------------------------------------------------------------- Balance as at January 1 75,132,614 $ 84,191 Common share offering April 30 (Note 6(b)) 11,500,000 27,811 Common share offering September 27 (Note 6(b)) 10,150,474 83,562 Conversion of notes (Note 4 and 6(b)) 6,514,500 2,606 Stock options exercised 622,250 919 ---------------------------------------------------------------------- Balance as at September 30, 2007 103,919,838 $ 199,089 ---------------------------------------------------------------------- ----------------------------------------------------------------------

      During March 2006, the warrants related to the Company's private placement, which occurred during March 2004, expired. The balance of $1.4 million was added to contributed surplus.

      On March 7, 2006, the Company borrowed US$2 million from an affiliate of Safeguard, the Company's controlling shareholder. On April 26, 2007, Safeguard gave written notice to the Company that it was exercising its right to convert the entire principal amount outstanding under this note into 5,601,000 common shares of the Company at a conversion rate of Cdn$0.40 per common share. The Canadian dollar equivalent of the United States dollars comprised in the principal amount of the note was $2.24 million.

      On September 5, 2006, (the "August 2006 Note") the Company borrowed US$3 million from Safeguard (See Note 4). The loan may be settled, at the lender's option, in cash or shares at $0.40 per share, or a combination of cash and shares. The lender's option to settle the debt in shares has been fair valued separately from the debt using the Black-Scholes option pricing model. Accordingly, the transaction was recorded as $2.4 million as Due to an affiliate in current liabilities and $0.9 million as Equity component of convertible note in shareholders' equity. The following assumptions were used to calculate the fair value of the equity component: expected dividend yield of 0%, expected stock volatility of 63%, risk free rate of 4.0% and expected life of 3.6 years. The expected life of the debt coincides with the maturity of the Bank of America agreement including the optional renewal period, to which the debt is subordinate.

      On March 1, 2007, (the "March 2007 Note") the Company borrowed $4.5 million from ALD International (See Note 4). Under the terms of the loan, Safeguard, through its affiliate, has the option to convert the whole or any part of the outstanding principal amount at any time into common shares of the Company at a conversion rate of $0.42 per common share. The lender's option to settle the debt in shares has been fair valued separately from the debt using the Black-Scholes option pricing model. Accordingly, the transaction was recorded as $2.8 million as Due to an affiliate in current liabilities and $1.7 million as Equity component of convertible note in shareholders' equity. The following assumptions were used to calculate the fair value of the equity component: expected dividend yield of 0%, expected stock volatility of 65%, risk free rate of 3.96% and expected life of 3.2 years. The expected life of the debt coincides with the maturity of the Bank of America agreement including the optional renewal period, to which the debt is subordinate.

      On April 30, 2007, the Company completed a public offering of 10,000,000 common shares at a price of $2.60 per common share for gross proceeds of $26.0 million. The offering was sold on a bought deal basis. The Underwriters also exercised their over-allotment option in full and purchased an additional 1,500,000 common shares at a price of $2.60 per common share for gross proceeds of $3.9 million. The total gross proceeds of the Offering was $29.9 million.

      On June 21, 2007, AMG entered into an option agreement with Safeguard and ALD International relating to common shares of the Company (the "AMG Call Option Agreement"). Pursuant to this agreement, each time Safeguard or ALD International exercises in whole or in part its conversion right respectively under the August 2006 Note or the March 2007 Note, AMG has the right, and must use its reasonable endeavours, to exercise an option requiring Safeguard or ALD International, as applicable, to instruct the Company to issue the common shares issuable on the conversion directly to AMG. On any exercise of this option AMG must pay to Safeguard or ALD International, as applicable, a sum of cash equal to the closing market price for the common shares of the Company over which it is exercising the option.

      On July 23, 2007, Safeguard exercised its option to acquire 913,500 Timminco common shares through the conversion of US$350,000 principal amount of its US$3.0 million Promissory Note dated August 31, 2006. Such shares were issued directly to AMG pursuant to the AMG Call Option Agreement (See Note 4).

      On September 27, 2007, the Company completed a public offering of 4,360,291 common shares at a price of $8.50 per common share for gross proceeds of $37.1 million. The public offering was sold on a bought deal basis. The Underwriters also exercised their over-allotment option in full and purchased an additional 654,043 common shares at a price of $8.50 per common share for gross proceeds of $5.6 million. The total gross proceeds of the offering was $42.6 million. Concurrently with the public offering, the Company completed a private placement to AMG of 5,136,140 common shares at a price of $8.50 per common share for gross proceeds of $43.7 million. Net proceeds from the public offering and private placement will be used primarily for significant production capacity expansion for solar grade silicon at the Company's manufacturing facility located in B?cancour, Qu?bec, and to further the Company's objective to increase the purity of its solar grade silicon production. The balance of the net proceeds was used for repayment of bank debt and general corporate purposes.

      (c) The Company's shares rank in the priority of Class A and Class B preference shares and then common shares with respect to the payment of dividends and the return of capital.

      (d) Stock options have been granted to certain key employees and directors to purchase common shares of the Company subject to various vesting requirements. During 2004, the Company established a Share Option Plan (the "Plan") which supersedes the Stock Option Plan for Directors and Key Employees. Under the Plan, options are granted at the discretion of the Board at an exercise price equal to the closing price of the common shares on the Toronto Stock Exchange on the last trading day preceding the day of grant. The options vest equally over a four year period, with the initial 25% vesting after one year. The options have a life of seven years. On May 31, 2007, the shareholders of Timminco agreed to an increase in the number of common shares available for issuance of stock options by 1,669,625 common shares. The maximum number of shares available for issuance under the Plan pursuant to stock options is, as at September 30, 2007, 7,825,925 common shares.

      On January 31, 2007, 1,200,000 stock options were granted under the Plan. The fair value of the grant, determined using the Black-Scholes option-pricing model, was $0.19 per option. The following assumptions were used to calculate the fair value: expected dividend yield of 0%, expected stock volatility of 76.6%, risk free interest rate of 4.1% and expected option life of 7 years. The share option expense is being amortized, according to the vesting schedule, over a four year period.

      On September 11, 2007, 50,000 stock options were granted under the Plan. The fair value of the grant, determined using the Black-Scholes option-pricing model, was $10.27 per option. The following assumptions were used to calculate the fair value: expected dividend yield of 0%, expected stock volatility of 328.9%, risk free interest rate of 4.3% and expected option life of 7 years. The share option expense is being amortized, according to the vesting schedule, over a four year period.

      A summary of the status of the Company's stock option plan as of September 30, 2007 and 2006, and changes during the periods ending on those dates is presented below:

      2007 2006 ------------------------------------------- Weighted Weighted Shares Average Shares Average Exercise Exercise (000's) Price (000's) Price ----------------------------------------------------------------------- Outstanding at January 1 3,844 $0.71 3,650 $0.78 Granted 1,250 $0.79 200 $0.29 Exercised (623) $0.87 - - Forfeited (137) $0.66 (200) $0.59 ----------------------------------------------------------------------- Outstanding at September 30 4,334 $0.71 3,650 $0.77 ----------------------------------------------------------------------- -----------------------------------------------------------------------

      At September 30, 2007, 1,157,750 options were exercisable at a weighted average price of $0.85, with a weighted average remaining life of 3.9 years.

      The exercise of outstanding stock options has not been included in the determination of earnings per share as to do so would have been anti-dilutive.

      7. FINANCIAL INSTRUMENTS

      The Company enters into foreign currency contracts to hedge foreign currency risk relating to certain cash flow exposures. The Company's forward exchange contracts reduce the Company's risk from exchange movements because gains and losses on such contracts offset losses and gains on transactions being hedged. The counterparties to the contracts are a multinational commercial bank and therefore credit risk of counterparty non- performance is remote. As at September 30, 2007, the Company had no outstanding exchange contracts. As at December 31, 2006, the Company had outstanding exchange contracts to sell approximately US$26.4 million and EUR3.4 million over a period of 6 months at a weighted average exchange rate of $1.1213 and $1.4920, respectively. The Company recorded an unrealized loss of $1.1 million on these contracts.

      The carrying value of current monetary assets and liabilities approximates their fair value due to their relatively short periods to maturity. The fair value of long term debt approximates its carrying amount as the terms and conditions are similar to current market conditions.

      8. COMMITMENTS

      The Company has committed to purchase $7.2 million of capital goods over the next three months related to its construction of a solar grade silicon production facility in Becancour, Quebec.

      9. ACCUMULATED OTHER COMPREHENSIVE LOSS

      The accumulated other comprehensive loss balances are as follows:

      For the three months For the nine months ended ended ----------------------------------------------------------------------- (000's) September September September September 30, 30, 30, 30, 2007 2006 2007 2006 -----------------------------------------------------------------------

      Balance at beginning of period (779) (664) (358) (952)

      Adjustment for changes in accounting policies Deferred unrealized losses on foreign - - (1,086) - exchange forward contracts Other Comprehensive (loss) income $ 145 $ (280) $ 810 $ 8 ----------------------------------------------------------------------- Balance at end of period $ (634) $ (944) $ (634) $ (944) ----------------------------------------------------------------------- -----------------------------------------------------------------------

      10. INTANGIBLE ASSETS

      The Company deferred development costs related to the production of solar grade silicon of $1.2 million during the quarter ended June 30, 2007. The deferred development costs will be amortized over a period of three years on a straight line basis once production commences.

      11. REORGANIZATION RESERVE

      During the three months and nine months ended September 30, 2007, cash payments of $0.3 million and $1.4 million were charged against the Reorganization reserve, respectively (2006 - $0.4 million and $1.5 million).

      12. SEGMENTED INFORMATION

      The Company manages its business along two principal business segments: the production and sale of specialty non-ferrous metals, the Magnesium Group ("Magnesium"), and silicon based metals, the Silicon Group ("Silicon"). Segmented information on sales and identifiable assets by geographic region is as follows:

      (a) Sales:

      Three months ended September 30 (000's) Magnesium Silicon Total 2007 Magnesium Silicon Total 2006 --------------------------------------------------------------------------- Canada $ 789 $ 5,193 $ 5,982 $ 1,380 $ 6,974 $ 8,354 United States 9,099 13,718 22,817 10,471 11,886 22,357 Mexico 870 - 870 1,394 - 1,394 Europe 1,126 8,855 9,981 789 8,978 9,767 Australia 1,054 - 1,054 1,030 - 1,030 Pacific Rim 1,198 768 1,966 705 69 774 Other 276 87 363 182 207 389 --------------------------------------------------------------------------- $ 14,412 $ 28,621 $ 43,033 $ 15,951 $ 28,114 $ 44,065 --------------------------------------------------------------------------- ---------------------------------------------------------------------------

      Nine months ended September 30 (000's) Magnesium Silicon Total 2007 Magnesium Silicon Total 2006 --------------------------------------------------------------------------- Canada $ 4,104 $ 12,832 $ 16,936 $ 7,102 $ 12,286 $ 19,388 United States 33,973 36,463 70,436 38,112 31,470 69,582 Mexico 3,054 17 3,071 3,770 - 3,770 Europe 2,724 25,033 27,757 3,913 27,247 31,160 Australia 3,018 - 3,018 2,896 - 2,896 Pacific Rim 1,770 1,582 3,352 1,713 675 2,388 Other 1,146 214 1,360 713 305 1,018 ------------------------------------
      Avatar
      schrieb am 27.11.07 14:31:47
      Beitrag Nr. 19 ()
      Timminco Announces Change of Auditor

      TORONTO, ONTARIO--(Marketwire - Nov. 16, 2007) - Timminco Limited ("Timminco" or the "Company") (TSX:TIM) announced that the Board of Directors of the Company, based on the recommendation of its Audit Committee and subject to compliance with all applicable statutory requirements, has appointed Ernst & Young LLP ("E&Y") as the auditor of the Company. At the request of the Company, KPMG LLP ("KPMG") resigned as the auditor of the Company effective today. E&Y will perform the audit of the Company's annual financial statements for the year ended December 31, 2007.

      E&Y is also the auditor for AMG Advanced Metallurgical Group N.V. ("AMG"; Euronext: AMG), which is the controlling shareholder of the Company. Accordingly, the change in auditors for the Company is expected to reduce the time and resources that would otherwise be spent by the Company's management in respect of the audit and review services performed by E&Y as auditor for AMG.

      There have been no reservations contained in KPMG's reports on any of the Company's financial statements relating to the financial years ended December 31, 2005 and 2006 or any subsequent period, and there are no reportable events (as defined in National Instrument 51-102 (Section 4.11)) between the Company and KPMG. The Company will be filing the required reporting package in accordance with National Instrument 51-102.
      Avatar
      schrieb am 29.11.07 10:16:12
      Beitrag Nr. 20 ()
      Interessanter Kursverlauf gestern ...

      Avatar
      schrieb am 05.12.07 19:42:34
      Beitrag Nr. 21 ()
      In Ami-Land gehts grad richtig rund mit den solar-aktien
      und ich glaub Tim kann davon profitieren

      das alte ATH zu erreichen dürfte kein problem werden

      viel glück allen investierten(auch mir:))

      wünschte mir mehr leben für diesen thread
      Avatar
      schrieb am 06.12.07 23:40:55
      Beitrag Nr. 22 ()
      die aktie steigt und steigt und steigt...
      und keinen interessierts....
      Avatar
      schrieb am 06.12.07 23:41:18
      Beitrag Nr. 23 ()
      haaaalloooooo......
      Avatar
      schrieb am 07.12.07 08:34:07
      Beitrag Nr. 24 ()
      Antwort auf Beitrag Nr.: 32.691.765 von Wandenfels2 am 06.12.07 23:41:18Woher weisst Du das es niemanden interessiert? Verhaltener Beifall ist meißt besser als rumschreien wie toll es ist. Der Kurs wird eh drüben gemacht.
      Avatar
      schrieb am 07.12.07 16:53:25
      Beitrag Nr. 25 ()
      Antwort auf Beitrag Nr.: 32.692.625 von Hoerschwelle am 07.12.07 08:34:07hast ja recht, aber
      rumschreien meinte ich auch nicht
      nur bischen konversation und wer infos hat oder sonstige meinungen einfach hier reistellen...
      Avatar
      schrieb am 07.12.07 17:42:17
      Beitrag Nr. 26 ()
      Antwort auf Beitrag Nr.: 32.698.554 von Wandenfels2 am 07.12.07 16:53:25Jopp, kein Thema;)
      Avatar
      schrieb am 19.12.07 19:48:27
      Beitrag Nr. 27 ()
      Avatar
      schrieb am 19.12.07 20:24:28
      Beitrag Nr. 28 ()
      Timminco begins silicon production in Quebec


      2007-12-19 13:44 ET - News Release

      Mr. Rene Boisvert reports

      TIMMINCO ANNOUNCES COMMENCEMENT OF PRODUCTION OF SOLAR GRADE SILICON IN ITS NEW FACILITY

      Timminco Ltd.'s wholly owned subsidiary, Becancour Silicon Inc. (BSI), has commenced production of solar-grade silicon on the first production line in its new facility in Becancour, Que. That facility will comprise three production lines, each with an annual capacity of 1,200 metric tonnes, for a total of 3,600 metric tonnes. The production lines are being brought into production in series, with the second and third lines anticipated to be coming on stream in the first quarter of 2008.
      Avatar
      schrieb am 19.12.07 21:55:27
      Beitrag Nr. 29 ()
      Handel gestoppt, warten auf weitere Nachrichten!

      http://www.cnxmarketlink.com/en/releases/archive/December200…

      http://www.marketwirecanada.com/mw/rel_ca.jsp?id=804958&sour…


      D.h. konkret, zu viel Andrang bei zu wenig Aktien, ob das SV7 auch passiert:D
      Avatar
      schrieb am 19.12.07 23:46:18
      Beitrag Nr. 30 ()
      Timminco Announces Solar Grade Silicon Supply Agreement
      Wednesday December 19, 3:35 pm ET

      TORONTO, ONTARIO--(Marketwire - Dec. 19, 2007) - Timminco Limited ("Timminco")(TSX:TIM - News) today announced that its wholly-owned subsidiary, Becancour Silicon Inc. ("BSI"), has entered into an agreement to sell solar grade silicon to a solar cell manufacturer. The agreement provides for shipments of approximately 4,400 metric tons over a term of five years.

      ADVERTISEMENT
      This agreement represents BSI's fourth long-term commercial contract for the sale of high purity silicon. The total annual production volume under these four contracts is expected to be approximately 6,000 metric tons beginning in 2009. This volume will require production capacity expansion beyond the 3,600 metric ton production facility that BSI currently is constructing in Becancour, Quebec. That facility has commenced production on the first of three production lines.

      "This contract represents an important step in increasing our customer base. Our ability to attract solar cell manufacturers as customers reflects the quality of the solar grade silicon material that we have been able to produce in our initial purification facility. This fourth contract strengthens the business case for significant additional expansion of our production capacity to meet anticipated volume requirements starting in 2009. Our plans for this additional capacity expansion will be announced separately." said Mr. Rene Boisvert, President and CEO of BSI.
      Avatar
      schrieb am 04.01.08 06:42:28
      Beitrag Nr. 31 ()
      Jan 01, 2008 04:30 AM
      Gary Norris
      THE CANADIAN PRESS

      It was the best of times, for those who bought stock in Timminco Ltd. a year ago and watched it gain more than 7,000 per cent.

      It was the worst of times for shareholders in Coventree Inc., Menu Foods Income Fund and even former blue chips like Quebecor World or Loblaw Cos.

      The benchmark S&P/TSX composite index gained about 7 per cent for the year but, as always, the average concealed a tumultuous cavalcade of thrills of elation and pangs of agony.

      Shares in Timminco, a Toronto-based maker of specialized metal, ended 2006 at 30 cents on the Toronto Stock Exchange. By the end of this year, jolted by sales of high-purity silicon for solar-power applications, it was at $21.95, a gain of 7,216 per cent. The company, majority owned by AMG Advanced Metallurgical Group NV, lost $4.6 million in its latest quarter as sales slipped 2 per cent to $43 million.
      Avatar
      schrieb am 22.01.08 16:33:09
      Beitrag Nr. 32 ()
      noch eine kleine Perle, die unter die räder gekommen ist:

      Endingen (aktiencheck.de AG) - Die Experten von "Hot Stocks Investor" raten, bei der Aktie von Timminco (ISIN CA8874041012/ WKN 871433) einen Fuß in die Tür zu stellen. Die Gesellschaft zähle bereits jetzt zu den größten Silizium-Herstellern Nordamerikas und sei gerade dabei, die Produktionskapazitäten mit der Installierung neuer Anlagen weiter auszubauen. Rechne man alle Aufträge zusammen, dürfte ab 2009 eine jährliche Auslastung von rund 6.000 Tonnen Silizium notwendig sein. Das kanadische Researchhaus Paradigm erwarte für dieses Jahr einen Umsatzanstieg um 74% auf 308 Mio. Kanadische Dollar (CAD). In den kommenden zwei Jahren sollten die Erlöse sogar auf 800 Mio. CAD steigen. Auch der Nettogewinn dürfte merklich zulegen. Werde für dieses Jahr ein EPS von 0,49 CAD prognostiziert, liege die EPS-Schätzung für 2009 bei 1,36 CAD und für 2010 bei 2,92 CAD. Auf Basis dieser Prognosen würde das KGV in den nächsten beiden Jahren auf unter 5 fallen. Dadurch hätte der Titel ein dreistelliges Kurspotenzial. Die Analysten von Paradigm würden zum Kauf der Timminco-Aktie raten und ein Kursziel von 32 CAD aussprechen. Dem können sich die Experten von "Hot Stocks Investor" nur anschließen und raten, umgehend einen Fuß bei der Timminco-Aktie in die Tür zu stellen. (Ausgabe 01 vom 21.01.2008) (22.01.2008/ac/a/a)

      gasadi
      Avatar
      schrieb am 22.01.08 16:49:25
      Beitrag Nr. 33 ()
      :cool: noch eine kleine Perle, die unter die Räder gekommen ist:



      Endingen (aktiencheck.de AG) - Die Experten von "Hot Stocks Investor" raten, bei der Aktie von Timminco (ISIN CA8874041012/ WKN 871433) einen Fuß in die Tür zu stellen. Die Gesellschaft zähle bereits jetzt zu den größten Silizium-Herstellern Nordamerikas und sei gerade dabei, die Produktionskapazitäten mit der Installierung neuer Anlagen weiter auszubauen. Rechne man alle Aufträge zusammen, dürfte ab 2009 eine jährliche Auslastung von rund 6.000 Tonnen Silizium notwendig sein. Das kanadische Researchhaus Paradigm erwarte für dieses Jahr einen Umsatzanstieg um 74% auf 308 Mio. Kanadische Dollar (CAD). In den kommenden zwei Jahren sollten die Erlöse sogar auf 800 Mio. CAD steigen. Auch der Nettogewinn dürfte merklich zulegen. Werde für dieses Jahr ein EPS von 0,49 CAD prognostiziert, liege die EPS-Schätzung für 2009 bei 1,36 CAD und für 2010 bei 2,92 CAD. Auf Basis dieser Prognosen würde das KGV in den nächsten beiden Jahren auf unter 5 fallen. Dadurch hätte der Titel ein dreistelliges Kurspotenzial. Die Analysten von Paradigm würden zum Kauf der Timminco-Aktie raten und ein Kursziel von 32 CAD aussprechen. Dem können sich die Experten von "Hot Stocks Investor" nur anschließen und raten, umgehend einen Fuß bei der Timminco-Aktie in die Tür zu stellen. (Ausgabe 01 vom 21.01.2008) (22.01.2008/ac/a/a)

      gasadi
      Avatar
      schrieb am 22.01.08 22:13:01
      Beitrag Nr. 34 ()
      :lick:
      Avatar
      schrieb am 24.01.08 23:45:22
      Beitrag Nr. 35 ()
      bin letztes jahr noch zu elf euro rein
      bin grad nicht so flüssig, sonst würd ich hier
      nochmal nachlegen. so günstig wird´s wohl nie wieder
      Avatar
      schrieb am 07.02.08 10:06:16
      Beitrag Nr. 36 ()
      Timminco Executives Presenting at Landsbanki/Kepler Alternative Energies Conference February 7, 2008
      Wednesday February 6, 5:00 pm ET

      TORONTO, ONTARIO--(Marketwire - Feb. 6, 2008) - Timminco Limited ("Timminco") (TSX:TIM - News) announced that Rene Boisvert, President and CEO of Becancour Silicon Inc. ("BSI"), Timminco's wholly-owned subsidiary, will be making a presentation on February 7, 2008 at the Landsbanki/Kepler Alternative Energies Conference in Paris, France. Mr. Boisvert will be providing an overview of Timminco's silicon and solar grade silicon business to an audience of European institutional investors.

      ADVERTISEMENT
      Dr. Heinz Schimmelbusch, Chairman and CEO of Timminco and CEO of AMG Advanced Metallurgical Group N.V. ("AMG") (Euronext:AMG), will also be addressing the conference, speaking on broader issues of the Group's strategy.

      Mr. Boisvert will inform the audience that on February 2, 2008 BSI began production of solar grade silicon metal on the second production line at its new facility in Becancour Quebec and will comment on the purity level of material produced and shipped to customers to date.

      Mr. Boisvert's presentation will be posted on Timminco's website www.timminco.com later today.
      Avatar
      schrieb am 07.02.08 15:47:59
      Beitrag Nr. 37 ()
      Die Präsentation kann jetzt abgerufen werden...

      Sie produzieren tatsächlich...
      Avatar
      schrieb am 08.02.08 09:33:58
      Beitrag Nr. 38 ()
      Antwort auf Beitrag Nr.: 33.297.088 von meinolf67 am 07.02.08 15:47:59:kiss: danke für den Tip - habe deshalb gestern noch gerade vor der Präsentation nachkaufen können. Wenigstens ein kleines Licht in diesem Schlachtfest...
      gasadi
      Avatar
      schrieb am 22.02.08 20:28:29
      Beitrag Nr. 39 ()
      Gibt's hier was neues, oder warum steigt der Kurs in 15 Minuten um 10%??
      Avatar
      schrieb am 22.02.08 20:32:26
      Beitrag Nr. 40 ()
      ... schon gefunden:

      Timminco Announces Expansion of Production Capacity for Solar Grade Silicon
      Friday February 22, 2:04 pm ET

      TORONTO, ONTARIO--(Marketwire - Feb. 22, 2008) - Timminco Limited (TSX:TIM - News) today announced that its Board of Directors has approved capacity expansion plans for the production of solar grade silicon at its wholly owned subsidiary, Becancour Silicon Inc. ("BSI"), at its location in Becancour, Quebec. The expansion is expected to raise the total annual production capacity of its solar grade silicon facilities to 14,400 metric tons from 3,600 metric tons. The expansion is expected to have a capital cost of approximately $65 million and will be completed by mid 2009, on a schedule that will enable BSI to meet all current customer commitments.

      ADVERTISEMENT
      The expansion will include a new production facility equal in capacity to the manufacturing plant currently being commissioned. In addition, new production lines will be installed in BSI's existing silicon metal facility in Becancour to process first pass material. The balance of the project will comprise the construction of new buildings for packaging and shipping, maintenance and employee services. Funding of the project will be from current liquidity, customer deposits under long term supply agreements and expected cash flow from operations and will be expended throughout 2008 and the first half of 2009.

      Existing long term customer supply contracts commit BSI for delivery of up to 6,000 metric tons per year beginning in 2009, and BSI has a pipeline of prospective customers who have expressed interest in entering into long term purchase commitments with BSI for solar grade silicon.

      "The demand from customers and prospects for our solar grade silicon has confirmed the business case for expansion of our production facilities," said Mr. Rene Boisvert, President and CEO of BSI. "With the commencement of production in our new facility we can now direct our project team to replicate that facility to strengthen Timminco's position as a leader in production of solar grade silicon."

      ABOUT TIMMINCO

      Timminco Limited (TSX:TIM - News) is a leader in the production and marketing of lightweight metals, specializing in solar grade silicon for the rapidly growing solar photovoltaic energy industry. Using its proprietary technology, Timminco processes metallurgical grade silicon into low cost solar grade silicon for use in the manufacture of solar cells. Timminco has expanded its solar grade silicon capacity to 3,600 mt per year, and plans to further increase capacity to meet anticipated future demand. Timminco also produces alloy magnesium, silicon metal and specialty ferrosilicon, calcium and strontium alloys for use in a broad range of industrial applications serving the aluminum, chemical, pharmaceutical, electronics and automotive industries. For more information, visit www.timminco.com.
      Avatar
      schrieb am 22.02.08 21:13:16
      Beitrag Nr. 41 ()
      Scheint ja hier nicht so auf Interesse zu stoßen. Ich versuch das mal zu erklären :)

      14400 Tonnen Solarsilizium heißt anderthalb Gigawattpeak pro Jahr (1,5 GWp/a) und nach meiner Schätzung ein Kurs-Gewinn-Verhältnis von etwa fünf (KGV 5) nach erfolgtem Hochlaufen der Produktion.
      Nicht zu vergessen, die Phantasie auf schnelles weiteres Klonen der Produktionslinien.
      Avatar
      schrieb am 22.02.08 21:34:04
      Beitrag Nr. 42 ()
      Antwort auf Beitrag Nr.: 33.452.495 von Albanach am 22.02.08 21:13:16Dank Dir für die erklärung
      kannst du einschätzen wieviel potenzial noch im kurs steckt?
      Avatar
      schrieb am 22.02.08 22:14:56
      Beitrag Nr. 43 ()
      Antwort auf Beitrag Nr.: 33.452.672 von Wandenfels2 am 22.02.08 21:34:04Ich halte ein KGV von 20 angesichts der Wachtstumsperspektiven für vertretbar; falls sich die Börsenstimmung wieder etwas hebt durchaus auch 30 bis 40. Schließlich kann die Firma scheinbar jedes Jahr so eine Fabrik hinstellen.

      ... werde unter 100 CAD kein Stück verkaufen und glaube, dass wir dieses Jahr da noch hinkommen könnten.
      Avatar
      schrieb am 23.02.08 10:30:40
      Beitrag Nr. 44 ()
      Antwort auf Beitrag Nr.: 33.452.161 von Albanach am 22.02.08 20:32:26@albanch

      :kiss:oh, danke! das sind ja :D erhellende :cool: Nachrichten...

      gasadi:rolleyes:
      Avatar
      schrieb am 24.02.08 15:56:56
      Beitrag Nr. 45 ()
      Das, was Timminco hier offenbar geschafft hat, ist sehr beeindruckend, sehr interessant und sehr bedeutsam für die ganze Solar-Branche.

      Um so wichtiger sind weitere Antworten, Daten und Fakten. Was mir als erstes so durch den Kopf geht:

      1.) Ist der Name einer oder aller Zellhersteller bekannt, an die Timminco liefert?

      2.) Ist bekannt, ob das UMG-Si von Timminco pur verwendet werden kann oder ob es mit Siemens-Si verschnitten werden muss?

      3.) Welche Zelleffektivität ist erreichbar?

      4.) Wie hoch werden die Produktionskosten pro kg für dieses UMG-Si sein?

      5.) Zu welchen Preisen pro kg kann Timminco das UMG-Si verkaufen?


      Wenn jemand schon einige oder alle ;) Antworten parat hat, wäre ich sehr dankbar!

      Viele Grüße.
      Avatar
      schrieb am 24.02.08 16:09:15
      Beitrag Nr. 46 ()
      Antwort auf Beitrag Nr.: 33.460.429 von MontPelerin am 24.02.08 15:56:56
      Na ups, eine Antwort scheint sich aus der Präsentation zu ergeben:

      Only 3 customers were not able to successfully use the
      material due to lack of polysilicon for blending



      Man braucht also scheinbar Siemens-Si fürs blending - wäre sonst ja auch ein Kracher gewesen. (ist es so aber auch schon...)

      Welches Mischverhältnis? 1:1?

      Aus meiner Sicht ist diese Notwendigkeit zum blending sehr wichtig, um Timminco zu beurteilen - habe dazu etwas im SV-Thread geschrieben.
      Avatar
      schrieb am 26.02.08 17:14:40
      Beitrag Nr. 47 ()
      capgap hat vorgeschlagen, die Diskussion um UMG-Silizium auf den Timminco-Thread zu konzentrieren, weil hier - anders als im Solarvalue-Thread - über ein konkretes Produkt diskutiert werden kann.

      Ich wiederhole hier daher zunächst mein Statement zum langfristigen Preisrisiko bei UMG-Si:
      (Anmerkung: SV sehe ich derzeit nicht als ernsthaften Anwärter auf eine Produktion von solartauglichem UMG-Si. Die Ausführungen standen im Zusammenhang mit einem "was-wäre-wenn"-Szenario für SV. Aber Konkurrenz dürfte Timminco sicher bekommen. Von ELKEM sehr wahrscheinlich und vielleicht noch von anderen Anbietern - insofern bleibt das beschriebene Grundproblem bestehen - mit oder ohne SV)

      ------------------------------------
      Ein entscheidender Punkt ist, dass - soweit ich es sehe - UMG-Si mit herkömmlichem Siemens-Si verschnitten werden muss, um für Solarzellen tauglich zu sein. Q-Cells hat mehrfach gesagt, dass sie das UMG-Si von Elkem am Anfang im Verhältnis 1:1 mit herkömmlichem Solarsilizium mischen müssen und dass sie hoffen, diesen Siemens-Anteil langsam zurückfahren zu können.

      Man sollte vielleicht aus Vorsichtsgründen davon ausgehen, dass das auch bei dem UMG-Si von Timminco und von SV notwendig wäre.

      Daraus ergibt sich aber, dass die Verfügbarkeit von Siemens-Si einen natürlichen Deckel für die Menge an UMG-Si bildet, die verarbeitet werden kann. Denn für jede Tonne UMG-Si von wem auch immer, müsste eine Tonne (oder etwas mehr oder weniger) Siemens-Si zum mischen zur Verfügung stehen.

      Nehmen wir weiter an, dass es 2010 neben SV zumindest zwei weitere UMG-Si-Produzenten gibt - bspw. Timminco und Elkem.

      Nehmen wir letztlich noch an, dass der sehr massive Ausbau einer UMG-Si-Produktion, wenn der Prozess erst mal grundsätzlich hinhaut, schnell und preiswert möglich ist. Die gewaltigen Ausbaupläne von Timminco sprechen zunächst mal dafür, dass das so ist.

      Was folgt aus all diesen Prämissen?

      Für mich folgt daraus, dass die Produktionsmenge an UMG-Si sehr schnell von den einzelnen Herstellern bis zu der Menge gesteigert werden wird, die max. genutzt werden kann - und wahrscheinlich zunächst darüber hinaus.

      In einem solchen Szenario würden die Preise in Richtung der Grenzkosten des effizientesten Herstellers fallen, der vielleicht Elkem sein könnte.

      Die Wertschöpfung wäre dann selbst beim Kostenführer bescheiden, bei den anderen bei quasi Null.

      Das Fazit ist, dass ich glaube, dass selbst im Erfolgsfall für SV letztlich nicht viel rum kommen wird. Das gilt mittelfristig dann wohl auch für Timminco, sobald es zumindest einen potenten Konkurrenten gibt.

      Sollte es möglich sein, UMG-Si pur zu verwenden und trotzdem auf konkurrenzfähige Zellwirkungsgrade zu kommen, ändert das natürlich einiges an meinem Negativszenario - jedoch wahrscheinlich selbst dann nur in zeitlicher und nicht in grundsätzlicher Hinsicht.
      Avatar
      schrieb am 26.02.08 17:20:46
      Beitrag Nr. 48 ()
      :) @ Capgap, MontPelerin, Haladin, Daxschaefchen

      und wer immer noch interessiert ist -
      hier kann's dann weitergehen...


      :confused: Nebenbei noch eine andere Frage:
      wie seht ihr denn Hoku Scientific in diesem Zusammenhang - deren Aus baupläne sind da ja auch nicht gerade bescheiden...?


      gasadi :rolleyes:
      Avatar
      schrieb am 26.02.08 17:30:21
      Beitrag Nr. 49 ()
      capgap hat im SV-Thread angegeben, dass er sich derzeit kein Mischungsverhältnis mit mehr als 25% UMG-Si vorstellen kann - in Zukunft aber durchaus 50% - alles weitere ist fragwürdig.

      Ich gehe davon aus, dass das mögliche Mischungsverhältnis einen direkten Einfluss auf den Preis des UMG-Si hat.

      Mit den Zahlen zum 1. Quartal 2008 müssten wir einen gewissen Einblick hinsichtlich Produktionskosten, Verkaufspreise und Gewinnspannen bekommen.

      Es wird außerdem in diesem Jahr sehr spannend zu beobachten sein, ob Timminco die Produktion wirklich so schnell skalieren kann. Elkem scheint da deutlich länger zu brauchen, was mich ehrlich gesagt schon etwas überrascht.
      Avatar
      schrieb am 26.02.08 19:48:14
      Beitrag Nr. 50 ()


      der Chart ist beeindruckend.......
      mein lieber Scholli......
      wooooowwww: von etwas über 0 im December auf 23........
      Avatar
      schrieb am 26.02.08 19:50:21
      Beitrag Nr. 51 ()


      sorry DECEMBER 2006
      Avatar
      schrieb am 26.02.08 19:59:25
      Beitrag Nr. 52 ()
      Antwort auf Beitrag Nr.: 33.482.534 von Unkenhorst1 am 26.02.08 19:48:14:cool: ja, beeindruckend - und es könnte demnächst noch eine Mitteilung kommen - der letzte Punkt des Zeitplans ist noch offen:

      "Investment of $24M CAD for 3,600 MT/year capacity
      Avatar
      schrieb am 27.02.08 20:17:44
      Beitrag Nr. 53 ()
      Im cc von Q-Cells am 19.2. wurde erneut gesagt, dass sie sogar aus 100% m-SI brauchbare Zellen geschnitzt haben...

      UND Milner sagte:

      "Do I believe, that in 2009 and 2010 there will be sufficient m-SI?

      Definitely!!"...
      Avatar
      schrieb am 28.02.08 07:35:26
      Beitrag Nr. 54 ()
      Antwort auf Beitrag Nr.: 33.496.224 von meinolf67 am 27.02.08 20:17:44
      Hi Meinolf,

      kannst Du aus dem CC ableiten, wie die LBBW zu folgender Aussage kommt?


      STUTTGART (dpa-AFX Analyser) - Die LBBW hat Q-Cells mit "Kaufen" und einem Kursziel von 100 Euro bestätigt. Das Solarunternehmen habe mit den Zahlen zum Geschäftsjahr 2007 bewiesen, dass es bei der Produktion von kristallinen Solarzellen das Maß aller Dinge sei, schrieb Analyst Stephan Droxner in einer Branchenstudie vom Dienstag. Die Schwierigkeiten bei REC und Elkem sowie der etwas höhere Risikoabschlag würden durch die infolge der neuen Produktionslinie überraschend gute Kostenposition und die mittel- bis langfristigen guten Wachstumsaussichten kompensiert.


      Vor einer puren Verwendung des UMG-Si habe ich richtig Angst. Das würde langfristig nicht nur den UMG-Preis zerstören, sondern die ganze Wertschöpfung der Solarindustrie für die Eigentümer. Im Grunde ist das zwar die Aufgabe des Kapitalismus, aber für mich gaaanz schlecht.

      Normales met. Silizium wird ja wohl im Millionen-Tonnen-Bereich produziert. Wenn man die UMG-Si-Produktion bis 2010 "nur" auf 100.000 bis 200.000 Tonnen hoch fährt (nicht ohne Elkem natürlich) und dann vielleicht noch pur verwendet, haben wir schon wieder bis zu 25 GW mehr Solar-Produktion, da noch 20 GW aus Siemens und 10 GW aus Dünnschicht - 55 GW in 2010?

      Das ist niemlas zu installieren und auch die Kostensenkung kann kaum so schnell ablaufen, dass man das bei einer guten Marge abgenommen bekommt.

      --------------

      Was stoppt UMG-Si? Die Verfügbarkeit besonders reinen Quarzes? Dass der Prozess am Ende vielleicht doch teurer oder schlechter skalierbar ist, als wir denken?

      Oder ist das nicht zu stoppen?
      Avatar
      schrieb am 28.02.08 18:30:56
      Beitrag Nr. 55 ()
      Antwort auf Beitrag Nr.: 33.498.791 von MontPelerin am 28.02.08 07:35:26Habe den CC eher oberflächlich gehört, weswegen ich zu den Leistungsdaten der neuen Linien nichts sagen kann. Glaube aber auch nicht, dass dazu viel gesagt worden ist.

      Für mich neu war die im vorherigen Posting beschriebene Milner-Äußerung.

      Hinsichtlich Deiner Ängste:

      Meine Überzeugung ist, je billiger dass SI desto besser, weil damit letzlich der erzeugte Strom billiger werden kann.

      Allerdings werden nicht mehr alle Boote gut vorankommen, sondern es wird viele, viele Havarien geben. Aber auch im Handy- oder Computermarkt gibt es profitable Player...

      Ansonsten denke ich, wenn das Angebot erstmal reichlich ist, dass das Verkaufen seine Bedeutung zurückerhält und Wertschöpfung (auch in Aktienkursen) sich tendenziell downstream bewegt.

      Spannende Branche.

      PS: das Siemens-Verfahren ist letztlich doch ein Scheiß, seien wir mal ehrlich: teuer und energetisch ineffizient. Kann nur begrüßen, wenn es ausstirbt. ;) naja, Semi bleibt ja wohl auf jeden Fall.

      PS2: m-SI Produktion soll so bei 1,2-1,3 Mio. To/a liegen, also gar nicht so viel: bei 10g/Wp wären dass gut 120 GW; aber es gibt ja auch noch andere Verwendungen...
      Avatar
      schrieb am 29.02.08 07:41:39
      Beitrag Nr. 56 ()
      Antwort auf Beitrag Nr.: 33.506.823 von meinolf67 am 28.02.08 18:30:56m-SI Produktion soll so bei 1,2-1,3 Mio. To/a liegen

      Dieser Wert gilt nur für die westliche Welt. Da kommen die Chinesen, die momentan munter aufrüsten, sowie weitere Hersteller in Asien noch dazu.
      Avatar
      schrieb am 01.03.08 20:31:23
      Beitrag Nr. 57 ()
      Antwort auf Beitrag Nr.: 33.511.111 von capgap am 29.02.08 07:41:39
      Ich habe mir heute mal ein paar historische Zahlen von Timminco angesehen, um den Einfluss der Solar-Si-Verkäufe in Q1/2008 dann besser beurteilen zu können.

      Dabei ist mir zum einen aufgefallen, dass Timminco über die letzten Jahre ziemlich schreckliche Zahlen gemeldet hat und m.E. Richtung Pleite getaumelt ist. Sie brauchen die Solar-Story dringend. Zum einen, um in die Gewinnzone zu kommen, zum anderen, um eine Story zu haben, auf deren Basis man an neues Kapital rankommen konnte.

      Ich will nicht sagen, dass es nur eine Story ist und nichts dahinter steckt. Aber man war ganz klar in Zeitnot und vielleicht ist die Sache noch nicht zu Ende optimiert.

      Mal folgendes aus dem Q-Bericht:

      Bécancour is currently able to produce solar grade silicon at a purity level of 99.999%, or “five nines”,
      which is acceptable to its existing customers. The Company believes that it may be able to achieve a
      higher purity level, which could enhance the Company’s competitive advantage and may allow for
      increased selling prices and margins for its solar grade silicon business. The Company intends to invest
      certain resources, including a portion of the net proceeds of the September 2007 offering, in an effort to
      achieve this objective. However, there is no assurance that the Company will achieve any higher purity
      level for its solar grade silicon. Any inability of the Company to improve the purity of its solar grade
      silicon could result in the Company being unable to attract new customers or retain existing customers,
      which in turn could have a material adverse effect on the financial position, results of operations and
      liquidity of the Company.


      5 Neunen? Das scheint mir nicht so ganz der Kracher zu sein, oder?

      PS: Die Jahreskapazität von Timminco liegt bei 50.000 Tonnen (nur herkömmlicher Si-Bereich).
      Avatar
      schrieb am 02.03.08 19:07:49
      Beitrag Nr. 58 ()
      Antwort auf Beitrag Nr.: 33.525.483 von MontPelerin am 01.03.08 20:31:23@MontPelerin

      wenn die Finanzlage so schwach ist, wie erklärst du dir dann das (bezieht sich auf den Kapazitätsausbau):


      "Funding of the project will be from current liquidity, customer deposits under long term supply agreements and expected cash flow from operations and will be expended throughout 2008 and the first half of 2009."

      Auch wird in Analysten-Kommentaren von einem KGV von 5 geredet...

      :confused:

      gasadi
      Avatar
      schrieb am 02.03.08 19:25:59
      Beitrag Nr. 59 ()
      Antwort auf Beitrag Nr.: 33.529.004 von gasadi am 02.03.08 19:07:49
      Hi gasadi,

      mit dem neuen UMG-Si sind sehr wahrscheinlich viel bessere Margen realisierbar, als mit dem bisherigen normalen metallurgischen Silizium.

      Insofern wird sich die Finanzsituation von Timminco sicher in der nächsten Zeit stark verbessern, wenn die UMG-Produktion so richtig läuft.

      Ich würde so sagen: Ohne UMG-Si (Solar-Si) wären sie Richtung Konkurs geschlittert, mit UMG-Si werden sie möglicherweise in Zukunft einen Haufen Geld verdienen - mindestens so lange, bis auch dieses Zeug ein Massenprodukt geworden ist.

      Die Fragen sind jetzt:

      Schaffen sie wirklich den ramp-up der Großproduktion?
      Können sie in der Großproduktion die Qualität halten?
      Wie hoch sind die Margen, die sie mit ihrem - ja doch nicht ganz so sauberen - UMG-Si erzielen?

      Antworten bekommen wir ab sofort mit jedem Quartalsbericht. Timminco hat in der Vergangenheit immer schön exakt berichtet und eine Segmentsaufteilung vorgenommen, so dass wir die Zahlen der Silizium-Sparte direkt vergleichen können.
      Avatar
      schrieb am 03.03.08 09:34:46
      Beitrag Nr. 60 ()
      Antwort auf Beitrag Nr.: 33.529.103 von MontPelerin am 02.03.08 19:25:59
      danke, MontPelerin! Das war hilfreich... gasadi
      Avatar
      schrieb am 03.03.08 23:25:57
      Beitrag Nr. 61 ()
      Ist alles hochinteressant hier.
      Auf die Kopplung an das Siemens-Si bin ich mal gespannt, aber das steckt eben noch alles in den Kinderschuhen, was man dort mittelfristig realisieren kann, da sind auch die Zellhersteller absolut gefragt.

      Umschifft man aber diese Probleme, wird man UMG-Si kaum aufhalten können, am Rohstoff mangelts bei den Größenordungen sicher nicht, der energieverbrauch ist geringer wie anderswo, also dürfte man das kaum stoppen können.
      Kann mir auch nicht vorstellen, dass die Anlagen irgendwann nicht mehr skalieren, da sollte es kaum ein Limit geben.

      Preislich ist das alles aber kaum abschätzbar, gerade auch weil ziemliche Mengen an Siemensmaterial kommen werden, die im Optimalfall für UMG-Si mehr oder weniger überflüssig wären. Aber bis dahin ists auch noch ein Weilchen, da man die effizenz der Zellen so schnell kaum steigern wird mit dem weniger guten Material.

      Gibts eigentlich konkretere Infos, ob Timminco auch irgendwelche Forschungsabsichten mit zellherstellern laufen hat, die auch in die Richtung zielen bei der zellfertigung noch was zu drehen, sprich verschiedene Dicken bzw. Schichten mit mehr oder weniger Siemens-Si etc.
      Avatar
      schrieb am 14.03.08 14:22:05
      Beitrag Nr. 62 ()
      Vielleicht ein neuer Konkurrent?
      (na ja, vermutlich wird bald jeder MG-Si-Hersteller auf UMG-Solar-Si machen (wollen)...)


      Globe steigt in das Solarsilizium-Geschäft ein


      12.03.2008: Globe Speciality Metals Inc., der nach eigenen Angaben weltweit größte Hersteller von metallurgischem Silizium, steigt in das Geschäft mit Solarsilizium ein – doch alle Details liegen im Dunkeln.

      Aus der langen Presseerklärung von Globe geht vor allem hervor, dass man derzeit 81 Prozent an Solsil Inc. erwirbt, wobei es sich um einen Produzenten »von Silizium in höchster Reinheit handelt, das durch einen eigenen metallurgischen Prozess hergestellt und in Solarzellen verwendet wird«.
      Damit wird Globe zum direkten Konkurrenten seiner Kunden, den weltgrößten Solarsilizium-Produzenten, darunter Hemlock Semiconductor Corp., Wacker Chemie AG und Renewable Energy Corp. ASA. Wie groß die neue Konkurrenz wird, ist unklar: Zu den geplanten Kapazitäten schweigt sich Globe ebenso aus wie über den Kaufpreis, das genaue Produktionsverfahren und sogar den Standort von Solsil. Aus Daten der Umweltbehörde Ohio Environment Protection Agency geht allerdings hervor, dass Solsil im vergangenen Jahr die Genehmigung zum Bau einer Produktionsstätte in Waterford, Ohio, beantragt hat. Der Bau von zwölf Induktionsöfen à ein Megawatt Leistung und drei Hammermühlen wurde daraufhin genehmigt. Sie könnten metallurgisches Silizium weiterverarbeiten, das Globe am gleichen Standort produziert.

      Globe, deren Aktien an der Londoner Börse gehandelt werden, gibt an, dass die künftige Solarsilizium-Sparte bereits heute an »weltweit führende Hersteller von Solarzellen, Ingots und Wafern« liefert. Bei profunden Kennern des weltweiten Siliziumsgeschäfts ist Solsil allerdings so gut wie unbekannt. Ein Experte, der regelmäßig Studien zur weltweiten Siliziumindustrie verfasst, meint zum Beispiel: »Es könnte sein, dass sie nicht viel mehr als eine Idee haben. Und einige der Globe-Leute besitzen Anteile an Solsil. Indem sie diese verkaufen, könnten sie Geld von Globe in ihre eigenen Taschen leiten.«
      Avatar
      schrieb am 18.03.08 09:32:13
      Beitrag Nr. 63 ()
      Antwort auf Beitrag Nr.: 33.641.883 von MontPelerin am 14.03.08 14:22:05Die Sache wird langsam wirklich interessant. Der Mehrheitseigner an Timminco, die AMG, hat sich Graphit Kropfmühl unter den Nagel gerissen. GK produziert in Deutschland unter anderem Silizium-Metall in der Größenordnung von 30.000 to/a.
      Das sieht danach aus, als ob ma mit UMG-Silicium groß in den deutschen markt einsteigen will.
      __________________________________________________________________
      Graphit Kropfmühl AG: AMG - Group übernimmt mehr als 62 % an der Graphit
      Kropfmühl AG





      Graphit Kropfmühl AG / Übernahmeangebot

      18.03.2008

      Veröffentlichung einer Corporate News, übermittelt durch die DGAP - ein
      Unternehmen der EquityStory AG.

      Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.
      ---------------------------------------------------------------------------

      Graphit Kropfmühl AG ( ISIN DE0005896005 / WKN 589600)

      Die AMG Invest GmbH, eine 100 % Tochter der AMG Advanced Metallurgical
      Group N.V., Amsterdam, hat mit Vertrag vom 18. März 2008 von der Quantum
      Unternehmensbeteiligung GmbH & Co, Hamburg, deren sowie die Aktien der
      Gesellschafter der Quantum Unternehmensbeteiligung GmbH & Co an der Graphit
      Kropfmühl AG gekauft.

      Mit Vollzug des Vertrages, der unter dem Vorbehalt der Zustimmung des
      deutschen Bundeskartellamtes steht, wird die AMG - Group damit 62,3 % an
      der Graphit Kropfmühl AG halten.

      Die AMG Invest GmbH hat angekündigt, ein freiwilliges öffentliches
      Übernahmeangebot zum Erwerb sämtlicher Aktien der Graphit Kropfmühl AG mit
      einem Angebotspreis von EUR 18,25 pro Aktie abgeben zu wollen.

      Die Quantum Unternehmensbeteiligung GmbH & Co betont, dass es ihr wichtig
      war, das über 12 Jahre begleitete Unternehmen auf diese Weise mit einem
      sehr starken strategischen Partner verbunden zu haben, der sowohl im
      Bereich Graphit als auch in der Silizium-Sparte das anspruchsvolle Wachstum
      von Umsatz und Ertrag der Graphit Kropfmühl AG weiter begleiten und fördern
      kann.

      Zur AMG - Group gehört die Becancour Silicon Inc., Kanada, die über die
      Timminco Limited gehalten wird. Timminco Ltd. und Graphit Kropfmühl AG
      waren schon früher gesellschaftsrechtlich verknüpft.

      Mit der AMG - Group als Großaktionär öffnen sich für die Graphit Kropfmühl
      AG ertragstarke Perspektiven für das Wachstum insbesondere auf dem Gebiet
      der Silicium-Produktion für die Solarindustrie.

      Als bedeutender Hersteller und Anbieter metallurgischer Hochwertprodukte
      ist auch aus der Sicht der Graphit Kropfmühl AG mit der AMG - Group ein
      Großaktionär hinzugetreten, der einen wesentlichen Beitrag zum weiteren
      Ausbau der Graphit-Sparte des Unternehmens und dessen Positionierung als
      einen der bedeutenden Anbieter von Hochwertgraphiten erbringen kann.

      Nähere Informationen zur Graphit Kropfmühl AG finden Sie unter
      www.gk-graphite.com. Näheres zur AMG Advanced Metallurgical Group N.V.
      (NYSE-Euronext: 'AMG') finden Sie unter www.amg-nv.com.

      Vor dem Hintergrund des seitens der AMG-Invest GmbH angekündigten
      freiwilligen Übernahmeangebotes und um den Aktionären zu dessen Beurteilung
      möglichst umfassende Informationen zu gewährleisten, wird der
      Veröffentlichungstermin des Konzern-Jahresfinanzberichtes der Graphit
      Kropfmühl AG vom 30. April 2008 auf den 2. April 2008 vorgezogen.
      Gleichzeitig wird die bisher ebenfalls für den 30. April 2008 vorgesehene
      Bilanzpressekonferenz vorverlegt und findet nunmehr am Mittwoch, den
      2. April 2008 um 10 Uhr im Bayerischen Hof in München statt.

      Der Vorstand / Kropfmühl, den 18. März 2008

      Finanzkalender
      Jahresbericht 2007 02. April 2008
      Bilanzpressekonferenz, Hotel 02. April 2008, 10.00 Uhr
      Bayerischer Hof, München
      8. Münchner Small und Mid Cap-Konferenz 29. April 2008
      Bericht zum ersten Quartal 2008 14. Mai 2008
      Hauptversammlung, München 03. Juli 2008
      Bericht zum 2. Quartal 2008 12. August 2008
      Deutsches Eigenkapitalforum Herbst 2008 10.-12. November 2008
      Bericht zum 3. Quartal 2008 18. November 2008

      Zukunftsgerichtete Aussagen
      Diese Pressemitteilung enthält Aussagen über zukünftige Entwicklungen, die
      auf derzeit zur Verfügung stehenden Informationen beruhen und die Risiken
      und Unsicherheiten bergen, die dazu führen können, dass die tatsächlichen
      Ergebnisse von den vorausschauenden Aussagen abweichen können. Die Aussagen
      über zukünftige Entwicklungen sind nicht als Garantien zu verstehen. Die
      zukünftigen Entwicklungen und Ereignisse sind vielmehr abhängig von einer
      Vielzahl von Faktoren, sie beinhalten verschiedene Risiken, und
      Unwägbarkeiten und beruhen auf Annahmen, die sich möglicherweise als nicht
      zutreffend erweisen. Dazu zählen zum Beispiel nicht vorhersehbare
      Veränderungen der politischen, wirtschaftlichen und gesellschaftlichen
      Rahmenbedingungen.

      Über das Unternehmen
      Die Graphit Kropfmühl AG ist Spezialist für die Herstellung von
      Siliciummetall und ein weltweit führender Anbieter für veredelten
      Naturgraphit mit Standorten in Europa, Asien und Afrika. Das im Prime
      Standard notierte Unternehmen (ISIN: DE0005896005) bietet seinen Kunden
      Siliciummetall und Graphite für vielfältige Verwendungsmöglichkeiten.
      Siliciummetall wird in der Chemie-, Aluminium-, Halbleiter- und
      Solarzellenindustrie genutzt. Hochwertige Graphite werden u. a. in
      Schmierstoffen, als Kohlebürsten in Elektromotoren und in der Chemischen
      Industrie beispielsweise für Wärmedämmung und Energiesparprogramme
      eingesetzt.

      18.03.2008 Finanznachrichten übermittelt durch die DGAP


      ---------------------------------------------------------------------------

      Sprache: Deutsch
      Emittent: Graphit Kropfmühl AG
      Langheinrichstraße 1
      94051 Hauzenberg
      Deutschland
      Telefon: +49 (0)8586 609-1 31
      Fax: +49 (0)8586 609-1 11
      E-Mail: ir@gk-graphite.com
      Internet: www.gk-graphite.com
      ISIN: DE0005896005
      WKN: 589600
      Börsen: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
      in Berlin, Düsseldorf, Hamburg, München, Stuttgart

      Ende der Mitteilung DGAP News-Service

      ---------------------------------------------------------------------------
      Avatar
      schrieb am 18.03.08 16:59:03
      Beitrag Nr. 64 ()
      http://www.timminco.com/press/pr_031708.pdf

      Da gibt's die Ergebnisse Q4 und heute früh ein conference call. Scheint nicht so gut angekommen zu sein.... MontPelerin ahnte es ja schon. Zu 2008 wird wenig gesagt - von dem schon Bekannten mal abgesehen...:(

      gasadi :rolleyes:
      Avatar
      schrieb am 18.03.08 20:43:39
      Beitrag Nr. 65 ()
      Antwort auf Beitrag Nr.: 33.674.611 von gasadi am 18.03.08 16:59:03
      Die Zahlen waren "wie immer" grottenschlecht. Aber das ist nicht weiter wichtig.
      Die ersten Zahlen von Belang sind die des gerade laufenden Quartals, denn in denen sollten erstmals signifikante Verkaufserlöse aus dem UMG-Si auftauchen.
      Mitte Mai wird Timminco wohl berichten. Ich bin sehr gespannt.

      Hi capgap,

      diese Übernahme ist wirklich interessant. Das könnte in der Tat darauf hindeuten, dass es bei Timminco gut läuft. Eine UMG-Produktion in Deutschland aufzubauen ist ja recht naheliegend, denn hier wird das Zeug ja schließlich verarbeitet.

      Zu einem Investment kann ich mich (noch?) nicht durchringen, aber ich beobachte das alles mit ganz großem Interesse. Für mich bleibt es aber rätselhaft, wie Timminco schneller als Elkem eine Großproduktion aufbauen kann. Das macht mich misstrauisch - nur ein Bauchgefühl.

      Außerdem bin ich der Meinung, dass sich spätestens mit der Vorlage des Geschäftsberichts 2007 oder der Q1-Zahlen mal einer der Kunden ganz offiziell zu Timminco bekennen sollte...
      Avatar
      schrieb am 19.03.08 09:29:25
      Beitrag Nr. 66 ()
      e Mar 18, 3:45 PM



      By Romina Maurino, The Canadian Press

      ADVERTISEMENT

      TORONTO - Specialty metals producer Timminco Ltd. (TSX:TIM) said Tuesday its silicon division will drive growth this year, fuelled by increasing demand from the solar energy industry and a rebound in prices.


      The Toronto-based company, whose metallurgical grade silicon is used in solar cells, said it expects demand for solar energy to boost its business, after reporting a fourth-quarter loss of $8.8 million late Monday.


      "This is a great time to be in the business of silicon: over the past two years silicon metals have recuperated from historical price lows of about 50 cents per pound back in 2003," Heinz Schimmelbusch, chairman and chief executive of Timminco, said during a conference call with analysts.


      In the past year, the price of silicon has more than doubled, rising above $1.80 per pound on the spot market in February, Schimmelbusch said.


      "But even more promising than price recovery is our entry into the production of solar-grade silicon, which will provide tremendous upside."


      Since the solar energy industry doesn't have any entrenched suppliers, Timminco is "well-positioned to capitalize on this largely untapped market, and we aim to establish ourselves as the leading global supplier of low-cost solar grade silicon to the manufacturers of solar cells," he said.


      Timminco announced a plan last month to spend $65 million on an expansion at its Becancour, Que., facility, owned by its subsidiary Becancour Silicon. That expansion, which will essentially double its capacity to produce solar-grade silicon, followed a deal to supply 4,400 tonnes of solar grade silicon over five years to an unidentified maker of solar cells.


      "We undertook this expansion based on a marketing success and our growing pool of potential clients," Schimmelbusch said.


      "We expect that operations in our new facility will begin in mid-2009 or earlier."


      Timminco said Monday it narrowed its four-quarter loss to eight cents per share from a loss of $38.7 million or 53 cents per share for the same quarter in 2006.


      The 2006 loss included an asset impairment charge of $31.2 million.


      Sales were $36.4 million in the quarter ended Dec. 31, down 23 per cent compared to $47.6 million the year before due to lower sales in both Timminco's silicon group and its magnesium group. The appreciation of the Canadian dollar also reduced reported sales by $4.6 million.


      Schimmelbusch said Tuesday Timminco was working to eliminate short position in magnesium and restructure its alloy operation to lower costs, and expects the magnesium business to return to profitability in second half of this year.


      In reporting its financial reports, Timminco said it lost $18 million or 20 cents per share for 2007, compared to a loss of $46.2 million or 62 cents per share in 2006.


      Sales fell nearly nine per cent in 2007 to $166 million from $181.8 million.


      Timminco has two reporting segments: the silicon group, which includes the silicon metal and solar silicon businesses, and the magnesium group, which includes the magnesium extrusion and fabrication business. Timminco also has a minority investment in an aluminum wheels business.


      The company's silicon metal, magnesium extrusions and other specialty metals are used in the aluminum, chemical, pharmaceutical, electronics and automotive industries.

      Timminco's shares fell $1.43 on the Toronto Stock Exchange, to trade at $15.86, a drop of more than eight per cent.
      Avatar
      schrieb am 22.03.08 10:15:46
      Beitrag Nr. 67 ()
      mühevoll ist sie, die Arbeit am UMG-Si...

      Ein Auszug aus dem Solarworld-GB 2007:

      Darüber hinaus stellt sich die Sunicon AG der strategischen Aufgabe, alternative wettbewerbsfähige
      Verfahrensansätze zur Herstellung von Solarsilizium zu prüfen und mit Partnern zu entwickeln.
      Im Rahmen des Ende 2006 gegründeten Joint Venture Scheuten
      Avatar
      schrieb am 27.03.08 07:56:57
      Beitrag Nr. 68 ()
      Eine Hammer-News für Timminco. Wahrscheinlich der endgültige Durchbruch.


      Die Q-Cells AG und die kanadische Bécancour Silicon Inc. (BSI) haben einen Vertrag über die Lieferung von Solarsilizium unterzeichnet. BSI ist eine 100%ige Tochter der Timminco Ltd, eines der
      weltweit führenden Spezialisten für Spezial- und Leichtmetalle. Der Vertrag umfasst Lieferungen von 410 Tonnen für 2008 und 3.000 Tonnen im Jahr 2009 zu festgelegten Preisen. Die Lieferungen beginnen unverzüglich. Bis Ende Juli 2008 werden die Partner einen weiteren Vertrag für die Folge-jahre 2010 bis 2013 über Lieferungen von bis zu 6.000 Tonnen jährlich abschließen. Die Preise für diese weiteren Mengen werden abhängig vom Marktumfeld verhandelt. Mit diesem Vertrag wird Q-Cells der größte Kunde der BSI für Solarsilizium.
      BSI hat ein eigenes Verfahren entwickelt, um metallurgisches Silizium zu reinigen und so für die Her-stellung von Solarzellen nutzbar zu machen. In umfangreichen Tests hat Q-Cells mit dem nicht gemischten BSI-Material sehr gute Ergebnisse in der Zellfertigung erreicht.
      Avatar
      schrieb am 27.03.08 14:52:34
      Beitrag Nr. 69 ()
      Wow und ich habe die Tage aufgestockt.
      Danke an alle die hier Infos einstellen.
      Avatar
      schrieb am 28.03.08 22:05:39
      Beitrag Nr. 70 ()
      Habe ich das im Q-Cells-CC richtig verstanden, dass sie das Timminco-UMG pur verwenden wollen?
      Avatar
      schrieb am 29.03.08 08:21:55
      Beitrag Nr. 71 ()
      Antwort auf Beitrag Nr.: 33.755.753 von MontPelerin am 28.03.08 22:05:39Jau, hast Du!

      Und das ist noch besser, als bei dem ELKEM-Material, wo sie das "bald erreichen wollen".

      Ich glaube auch, dass es nicht ein mg-SI Standardmaterial geben wird.
      Die Crux liegt in der kompletten Verarbeitungskette vom Ingot bis zur Zelle und da -behaupten sie zumindest- scheint QCE derzeit weit vorne zu liegen.
      Avatar
      schrieb am 31.03.08 17:35:23
      Beitrag Nr. 72 ()
      Antwort auf Beitrag Nr.: 33.755.753 von MontPelerin am 28.03.08 22:05:39Hallo @all,

      der Trend-Trader hat die Aktie gerade zum Kauf empfohlen (vor ca. 30 Minuten). Kurspotential 50%. Ich bingerade rein und denke fest, dass hier was geht.

      Gruß
      Mc
      Avatar
      schrieb am 01.04.08 12:29:14
      Beitrag Nr. 73 ()
      Seite ist aktuell leider offline!

      Präsentation in München läuft im Slot von 13:15-15:00
      Avatar
      schrieb am 01.04.08 23:14:51
      Beitrag Nr. 74 ()
      Avatar
      schrieb am 02.04.08 10:07:47
      Beitrag Nr. 75 ()
      Antwort auf Beitrag Nr.: 33.783.985 von Albanach am 01.04.08 23:14:51Ich war gestern auf der Müncher Solar-Konferenz und habe natürlich mit großem Interesse den Vortrag von Rene Boisvert mitverfolgt.

      Kurz zusammengefasst:
      Er macht wirklich den Anschein, dass er es wohl derzeit als einziger vernünftig beherrscht, UMG-Si herzustellen. Es wurden bereits einige Tonnen an unterschiedliche Kunden geliefert. Einer (und das ist wohl Q-Cells) kann das Material zu 100% einsetzen. Bei den anderen liegt der Verschneidegrad zwischen 30 un 70%.
      Einbußen im Zellenwirkungsgrad gab er auf Rückfrage mit etwa 0,5% an.

      Am Rande der Konferenz gab Boisvert außerdem eine kurze Präsentation zusammen mit der Fa. ABB, die ein Kernstück seines Verfahrens, nämlich einen elektromagnetischen Rührer, für den Erstarrungsprozess exklusiv für Timminco liefert. Die Präsentation war sehr basic, jedoch stellte sich Boisvert anschließend intensiv den Fragen der ca. 30 anwesenden Interessierten. Dabei verteilte er auch Proben seines UMG-Si.
      Das Verfahren ist seit letzter Woche offiziell unter der Patent-Nr. WO 2008/031229 A1 angemeldet. Eine Kopie des Patents liegt mir vor.

      Die Expansionspläne sind echt gewaltig und weitere Lieferverträge stehen bereits an, wobei er sich natürlich auf Nachfrage zu keinen weiteren Details geäußert hat. Mit anwesend war auch der Verkaufsmanager sowie der Qualitätsmanager von BSI.

      Vieleicht noch ein paar Worte zu den anderen UMG-Produzenten, die anwesend waren:
      Dass Solarvalue nicht mehr dabei war, ist schon bezeichnend.

      Dow Corning hat fast die gleiche Folien präsentiert, wie vor einem Jahr. Über ihr Material PV1101, das derzeit nur zu 10% verschnitten werden kann sind sie noch nicht hinausgekommen. Bei PV1201 mit einem Verschneidungsziel von 25% gibt es noch Anlaufschwierigkeiten. D.C. sieht aber im UMG-Si grundsätzlich nur eine Ergänzung zum Siemens-Si und steht natürlich durch die Beteiligung bei Hemlock zu dieser Technik.

      Der Vortrag von Elkem Solar war irgendwie ein Trauerspiel. Ein ziemlich resigniert wirkender Helge Aasen präsentierte erneut die Folien vom letzten Jahr, nur dass die Baustellenfotos einen Fortschritt bei den Arbeiten erahnen lassen (teilfertige Gebäude statt Baugruben).

      Globe hat mit Solsil zwar ziemlich auf den Putz gehauen, Substanz konnte ich hinter dem ganzen Gebilde nicht erkennen.

      Die Chinesen von Jaco Solarsi und die Japaner von JFE-Steel spielten meines erachtens eine eher untergeordente Rolle.

      Die großen klassischen Hersteller wie Hemlock oder REC hacken jetzt natürlich vermehrt auf dem Thema Qualität rum, die ja UMG-Si nicht erfüllen kann, aber das werden die Zellenherteller entscheiden.

      Boisvert ist jedenfalls die ganze Woche in Deutschland und mal sehen, was da noch auf uns zukommt.
      Avatar
      schrieb am 02.04.08 10:25:58
      Beitrag Nr. 76 ()
      Antwort auf Beitrag Nr.: 33.785.834 von capgap am 02.04.08 10:07:47Vielen Dank capgap!
      Avatar
      schrieb am 02.04.08 10:37:22
      Beitrag Nr. 77 ()
      Antwort auf Beitrag Nr.: 33.783.985 von Albanach am 01.04.08 23:14:51auf Seite 17 steht, dass Sie bis Q2-2009 auf 1.200 t/Monat !!! => 14.400 to/Jahr ausbauen wollen.

      Invest dafür 65 MCAD = ca. 40 Mio Euro...

      Dafür kriegst Du bei Hemlock und Co. nichtmal die Ingenieurdienstleister bezahlt...


      WENN stimmt, was Q-Cells sagt (100%) UND das auch noch andere hinkriegen, DANN würde ich zum Verkauf von Wacker, MEMC, REC (?), ... raten.
      Avatar
      schrieb am 02.04.08 11:40:34
      Beitrag Nr. 78 ()
      Habe eben meine Watchlist-Posi auf Solar-Portfolio upgegradet.

      Der CC vom 18.3. ist absolut hörenswert!
      Avatar
      schrieb am 02.04.08 12:49:20
      Beitrag Nr. 79 ()
      Antwort auf Beitrag Nr.: 33.785.834 von capgap am 02.04.08 10:07:47:):):)

      DANKE capgab - sehr interessant!

      gasadi :rolleyes:
      Avatar
      schrieb am 02.04.08 13:00:47
      Beitrag Nr. 80 ()
      TIMMINCO LTD. Registered Shares o.N.

      KGVe:
      130,79 :eek:
      Avatar
      schrieb am 02.04.08 19:50:19
      Beitrag Nr. 81 ()
      Q-Cells puts the pedal to the metal
      By Mark Osborne
      28 March 2008
      Popular Articles
      NREL boosts CIGS thin-film solar cell efficiency to record 19.9 percent - 25 March 2008
      Ascent Solar touts average efficiencies achieved on first roll-to-roll line - 31 March 2008
      Timminco to boost metallurgical grade solar silicon production to 14,400 metric tons - 21 March 2008
      Solarfun ramped capacity to 240MW in 2007: plans 360MW by mid-year 2008. - 27 March 2008
      Q-Cells to use non-blended metallurgical silicon at new Malaysian fab - 28 March 2008
      Solar & PV Tech jobs
      Subscribe to newsletter
      Subscribe to print edition

      Silicon solar cell producers should forget about the polysilicon shortages, while thin-film companies need not worry about silane supplies. Not because constrained supply issues are expected to ease and material costs to finally lower over the next two years, but because a potentially bigger concern is looming!

      Metallurgical-grade silicon is vastly cheaper to produce and ramp than polysilicon. Granted, the purity levels are lower and efficiencies suffer, but development work at Becancour Silicon has shown that impurity levels have been reduced dramatically in only a few years, especially in relation to boron, carbon and oxygen levels.

      Q-Cells have worked closely with Becancour Silicon, among others, and the company now feels extremely confident in using the material for a 300MW solar cell facility being built in Malaysia. Importantly, it will be used directly rather than blended with polysilicon.

      Should polysilicon prices come down dramatically from 2010 onwards, the fear is that margins throughout the PV supply chain will suffer. Manufacturing scale becomes a key buffer to such pressures, which could see a consolidation in the market develop as smaller players get squeezed.

      However, there is another buffer to margin declines - metallurgical grade silicon. Q-Cells is grabbing a significant supply of the stuff on long-term contracts just as polysilicon prices are expected to fall.

      The simpler and less costly production process can also be ramped significantly faster, so expect Q-Cells to take advantage of that abundant potential supply for years to come. Others will obviously get on that bandwagon; Becancour Silicon has signed four supply deals so far and more are expected to follow.

      How this impacts the established polysilicon suppliers and the 20-plus new entrants is not yet known, though it was no surprise that shares in MEMC, for example, declined on the Q-Cells new deal.

      Thin-film suppliers may also find that their low-cost-per-watt approach and unshackled ramp ability may not be as strong a business approach as it has thus far proved. Silicon solar cells are fighting back and Q-Cells has the pedal to the metal in more ways than one.
      Avatar
      schrieb am 02.04.08 21:31:02
      Beitrag Nr. 82 ()
      Antwort auf Beitrag Nr.: 33.787.642 von sinfonie am 02.04.08 13:00:47ruhig brauner, die konsensschätzungen für die jahre 2008-2010 belaufen sich auf:

      2008e: eps:0,49 --> kgv:46
      2009e: eps:1,36 --> kgv: 18
      2010e: eps:2,92 --> kgv: 8


      angesichts der wachstumsraten durchaus vertretbar - IMHO...
      Avatar
      schrieb am 02.04.08 22:44:27
      Beitrag Nr. 83 ()
      Antwort auf Beitrag Nr.: 33.785.834 von capgap am 02.04.08 10:07:47
      Danke capgap!

      Hi Meinolf,

      ich erlaube mir, Deinen Beitrag aus dem Q-Cells-Thread nach hier zu kopieren:

      "Ich denke, dass das m-SI ein echter Kracher für Q-Cells werden kann.

      Habe mir mal die jüngsten Timminco-Veröffentlichungen zu Gemüte geführt.

      Die sprechen von cash-Produktionskosten von 12-10$ je kg.

      Bei Siemens kann man froh sein, wenn man 30$ schafft und REC ist begeistert von seinem FBR-Verfahren nmit dem man vielleicht bei 20$ landen kann.

      Kann mir gut vorstellen, dass Q-Cells zu Preisen von unter 40$ kauft..."


      Diese Kosten- und Preisfragen sind m.E. jetzt neben der Frage, ob sie eine großtechnische Produktion hinbekommen, entscheidend. Denn man muss schon zugeben, dass Timminco schon sehr teuer ist.

      Wenn es richtig ist, dass derzeit nur Q-Cells in der Lage ist, eine 100%-Nutzung des UMG-Si durchzuführen, handelt es sich um eine Win-Win-Situation, wo keiner den anderen über den Tisch ziehen kann, Q-Cells derzeit aber etwas stärker sein dürfte.

      Preise unter 40 $ gehe ich auch ganz fest von aus. Vielleicht eher bei 20 jetzt am Anfang? Immerhin haben wir auch gewisse Effektivitätsverluste der Zellen.

      (Oder bin ich nur zu blöd, die Riesenchance zu sehen, auch wenn sie direkt vor mir steht?)
      Avatar
      schrieb am 03.04.08 07:51:22
      Beitrag Nr. 84 ()
      Antwort auf Beitrag Nr.: 33.794.353 von MontPelerin am 02.04.08 22:44:27Hi Montpelerin,

      was ich so mitbekommen habe, könnten Preise um die 40$ tatsächlich der Wirklichkeit entsprechen. Aber das sind nur Gerüchte und nichts weiter fundiertes. Dieses Niveau wird aber auf Dauer nicht zu halten sein.
      Avatar
      schrieb am 03.04.08 08:10:36
      Beitrag Nr. 85 ()
      Antwort auf Beitrag Nr.: 33.795.183 von capgap am 03.04.08 07:51:22
      Das wäre ein Kracher. Immerhin hat Suntech ja einen Siemens-Deal mit Asia Silicon abgeschlossen, der Lieferungen von Si für unter 40 Dollar vorsieht. Aber zu diesen Preisen auch erst später - sicher erst nach 2010.

      Tja, vielleicht sollten wir mal so etwas wie eine Matrix entwerfen, in der mit verschiedenen Produktionskosten, Verkaufspreisen, Mengen und Margen gerechnet wird, um dem Bewertungsthema mehr Basis zu geben.

      Vielleicht schaffe ich es am Wochenende, mal ein paar Sachen durchzurechnen.

      Hi florie78,

      sind Deine KGV-Zahlen ein aktueller Analystenkonsens oder hast Du eine genaue Herleitung der Gewinngrößen?

      Viele Grüße.
      Avatar
      schrieb am 03.04.08 08:59:46
      Beitrag Nr. 86 ()
      Antwort auf Beitrag Nr.: 33.793.659 von florie78 am 02.04.08 21:31:02"ruhig brauner!

      diese abwertende, menschenverachtende Aussage lässt auf Dein Niveau schliessen und diese verbiete ich mir ernsthaft!
      Wenn ich das hohe KGV von 130,79 hier hereinstelle, weil mich die Aktie interessiert, dann bat ich um Aufklärung und nicht um eine primitive Bemerkung!!!!
      Avatar
      schrieb am 03.04.08 18:33:58
      Beitrag Nr. 87 ()
      mittelfristiges Kursziel 32 USD hab ich gehört
      kann das jemand bestätigen?
      Avatar
      schrieb am 04.04.08 08:56:33
      Beitrag Nr. 88 ()
      Erste Annährungen...

      ausstehende Aktien: 104 Mio.

      Kurs: 27 Dollar

      Marktkapitalisierung: 2,7 Milliarden Dollar

      Wert des "nicht-Solar-Geschäfts": null

      UMG-Si-Kapazität 2009: 10.000 Tonnen

      reale Produktionskapazität bei 60% yield: 6.000 Tonnen

      Preis pro Tonne: 40.000 Dollar

      Kosten pro Tonne: 10.000 Dollar

      Bruttogewinn pro Tonne: 30.000 Dollar

      Nettogewinn pro Tonne: 20.000 Dollar

      Gesamtnettogewinn: 120 Mio. Dollar

      KGV 2009: 22,5

      Die meisten der gemachten Annahmen, insbesondere die Margen, sind m.E. extrem aggressiv! Außerdem ist es eine reine Modellrechnung, da ich die wirklichen Zahlen natürlich keinen Einblick habe
      Avatar
      schrieb am 04.04.08 10:12:16
      Beitrag Nr. 89 ()
      Antwort auf Beitrag Nr.: 33.806.288 von MontPelerin am 04.04.08 08:56:33

      Hi, MontPelerin -

      hieß es aber nicht, in 2009 sollen 14.000 t produziert werden?

      Bist du inzwischen auch investiert - oder ist dir das alles noch zu windig?

      gasadi
      Avatar
      schrieb am 04.04.08 10:13:54
      Beitrag Nr. 90 ()
      Antwort auf Beitrag Nr.: 33.806.288 von MontPelerin am 04.04.08 08:56:33die Yield kommt mir niedrig vor und Dein Gewinn ist vor Steuern.

      Das KGV wird üblicherweise nach Steuern ermittelt.
      Avatar
      schrieb am 04.04.08 10:14:06
      Beitrag Nr. 91 ()
      Thu Apr 3, 4:46 PM

      By The Canadian Press
      ADVERTISEMENT

      TORONTO - Timminco Ltd.'s already sky-high stock soared 12 per cent Thursday as investors took a shine to the specialty metals producer (TSX:TIM) following its success with solar-grade silicon - a material used in turning sunlight into electrical power.

      Timminco shares rose $2.90 to close at $26.70 on the TSX, a rise of $2.90.

      The stock, which traded at just 70 cents a share last year, hit a 52-week high earlier in the day, when it traded as high as $27.89. About 3.7 million shares changed hands Thursday

      Timminco shares had soared to a record $26.50 last week, following an announcement that the Toronto-based company had signed a deal to supply solar grade silicon to Q-Cells AG, the world's largest manufacturer of solar cells.

      The deal with Timminco subsidiary Becancour Silicon Inc. means the company will supply Q-Cells with 410 tonnes of silicon in 2008 and 3,000 tonnes in 2009 at fixed prices.

      That contract followed a previous announcement by Timminco that it was expanding Becancour's solar grade silicon capacity to 14,400 tonnes per year.

      The company makes metallurgical grade silicon used in the production of solar cells.

      It also makes silicon metal, magnesium extrusions and other specialty metals are used in the aluminum, chemical, pharmaceutical, electronics and automotive industries.
      Avatar
      schrieb am 04.04.08 11:33:46
      Beitrag Nr. 92 ()
      Antwort auf Beitrag Nr.: 33.807.072 von meinolf67 am 04.04.08 10:13:54
      Hi Meinolf,

      die 20.000 Dollar pro Tonne sollten nach Steuern sein - also Nettomarge von 50% - wie gesagt, das wäre die beste aller Welten und ich denke nicht, dass das sehr wahrscheinlich ist.

      Aber selbst dann wäre das KGV über 20. In der Realität ist es wahrscheinlich über 30.

      Aber nehmen wir mal ein realeres Szenario:

      Preis pro Tonne: 30.000 Dollar

      Kosten pro Tonne: 12.000 Dollar

      Bruttogewinn pro Tonne (als EBIT): 18.000 Dollar

      Nettogewinn pro Tonne: 12.000 Dollar

      Gesamtnettogewinn: 72 Mio. Dollar

      KGV 2009: 38


      Es ist klar, dass wir bei den Variablen eine sehr große Bandbreite für die Schätzungen haben und zu wenig über die realen Verhältnisse wissen. Reicht es aus, einfach nur "strategisch" zu investieren? In der Vergangenheit habe ich damit nicht unbedingt nur gute Erfahrungen gemacht.

      Auf der anderen Seite können sie natürlich die Quantität schnell und stark steigern, was alles wieder relativiert.

      Hi Gasadi,

      "windig" würde ich auf keinen Fall sagen. Ich habe aber zwei Probleme:

      1.) Schaffen sie es wirklich, große Mengen in guter Qualität mit ihrem Verfahren zu produzieren?

      2.) Was ist mit der Bewertung (siehe oben)?


      Ich bin nicht investiert. Vielleicht einer dieser Idioten-Fehler, die ich immer mal gern mache...

      Bei der Produktionskapazität und der tatsächlichen Ausbeute habe ich mich an der Präsentation von 01. April orientiert - bspw.:

      our capacity
      will increase to 1,200 MT/month by the end of Q2-2009.
      Avatar
      schrieb am 04.04.08 11:38:44
      Beitrag Nr. 93 ()
      Antwort auf Beitrag Nr.: 33.807.959 von MontPelerin am 04.04.08 11:33:46Ich bin auch -noch- nicht wirklich "investiert"; habe nur 50 Stück.

      Das ist bei mir der Zwischenwert: nicht mehr nur ein Guckstüch, aber auch noch keine echte Position.


      Aber mit dem Wert, liegt es jetzt auf meiner Hauptbepbachtungsseite und ich sehe Sie mir wirklich jeden Tag, wenn ich am Computer sitze.

      Bei den Guckstücken kann das auch mal drei Monate dauern...


      Wenn man ein ernsthaftes engement überlegt, macht es sichr auch Sinn, sich mal AMG im Vergleich anzuschauen. Die halten >50% und habe eben Graphit Kropfmühl gekauft...

      Außerdem gehört ihnen ALD Vacuum Devices, die Ingot-Öfen bauen; ALD ist mir in ein paar SEC-Filings der chinesischen Buden begegnet.

      Auch die Präsentationen von AMG sind recht instruktiv.
      Avatar
      schrieb am 08.04.08 08:54:59
      Beitrag Nr. 94 ()
      Ein weiterer Punkt, den man bei der Bewertung eigentlich nicht ganz vernachlässigen darf, ist, dass das bisherige Stammgeschäft ein einziger Verlustbringer ist.

      Ich habe den Wert dieses Geschäfts oben vereinfacht mit Null angesetzt - in Wahrheit ist der Wert aber negativ und kann den Gewinn aus dem UMG schnell um 10 bis 20 Mio. Dollar mindern.

      Ich gehe aber davon aus, dass Timminco hier schnell handeln wird, sobald UMG mal richtig läuft. Gerade die Zahlen 2008 werden aber m.E. noch stark durch Verluste des Altgeschäfts "verzerrt" sein.
      Avatar
      schrieb am 13.04.08 20:15:27
      Beitrag Nr. 95 ()
      Hier eine Ansage von Timminco aus dem GB 2007 zur Preisstruktur (trifft genau das von capgap vermutete Niveau):

      "We believe that we
      can achieve an average cost of $12 per kilogram for 2008,
      approximately half that of the $20 to $25 per kilogram of
      existing polysilicon producers, and 20% of the cost to new
      entrants to the market."


      Außerdem denke ich, dass Timminco in 2007 die Tonne Solar-Silizium für ca. 37.000 Dollar verkauft hat. Oder eben für 37,00 Dollar pro Kilogramm.

      Das ist aber etwas spekulativ...

      Mir ist nur aufgefallen, dass im GB davon die Rede ist, dass die Silizium-Sparte im Gesamtjahr 103,7 Mio. Umsatz gemacht hat
      (S. 18 des GB: Silicon Group
      For the year ended 2007, sales of the Silicon Group were
      $103.7 million, down slightly from $107.3 million in 2006.)
      Die Zahl von 103,7 Millionen Dollar wird in der Segmentberichterstattung auf Seite 53 bestätigt.

      Jetzt mal die Zahlen der ersten drei Quartale:

      In the Silicon Group, sales for the first quarter of 2007 were $23.1 million compared with $23.0 million in
      the first quarter of 2006, an increase of $0.1 million.

      In the Silicon Group, sales for the second quarter of 2007 were $24.4 million compared with $20.8 million in
      the second quarter of 2006, an increase of $3.6 million.

      In the Silicon Group, sales for the third quarter of 2007 were $28.6 million compared with $28.1 million in
      the third quarter of 2006, an increase of $0.5 million.

      Da haben wir also:

      23,1 +
      24,4 +
      28,6
      = 76,1 Mio.

      Um auf 103,7 Millionen Jahresumsatz zu kommen, muss der Umsatz in Q4 also 27,6 Mio. betragen haben.

      Auf Seite 19 des GB 2007 heißt es dann aber:

      In the Silicon Group, sales for the fourth quarter of 2007
      were $24.3 million
      compared with $31.9 million in the fourth
      quarter of 2006. During the quarter, the Group shipped
      33 metric tonnes of solar grade silicon.

      Wieso nur 24,3 Millionen? Wo sind die restlichen 3,3 Millionen Dollar Umsatz?

      Man kann drei Erklärungen annehmen:

      1.)Ich habe mich verrechnet oder etwas falsch verstanden

      2.)Timminco hat sich auf Seite 19 verdruckt

      3.)Timminco hat (irrtümlich?) auf Seite 19 nur den Umsatz mit dem herkömmlichen metallurgischen Silizium angegeben und das Solar-Silizium, das in Zukunft voraussichtlich eine eigene Sparte sein wird, weggelassen.

      Wenn 3.) stimmt, stellen diese 3,3 Millionen den Umsatz der noch nicht offiziellen Sparte Solarsilizium dar.

      Auf Seite 18 des GB heißt es dann:

      Sales of solar grade silicon totalled 89
      tonnes for 2007
      , all of which was produced from the Group’s
      pilot plant.

      Wenn also 89 Tonnen verkauft worden sind und wenn man annimmt, dass der Umsatz vollständig in Q4 realisiert wurde und wenn damit 3,3 Millionen erlöst worden sind, dann ergibt sich ein Verkaufspreis von 37.078,-- Dollar / Tonne bzw. 37 Dollar / Kg.

      Damit würde folgendes Szenario gelten:

      Produktion in 2009: 6.000 Tonnen

      Preis pro Tonne: 37.000 Dollar

      Kosten pro Tonne: (unterstellt als Vollkosten) 12.000 Dollar

      Bruttogewinn pro Tonne (als EBIT): 25.000 Dollar

      Nettogewinn pro Tonne: 16.666 Dollar

      Gesamtnettogewinn: 100 Mio. Dollar ./. 15 Mio. Dollar Verlust der Altsparten
      = 85 Mio. Dollar

      KGV 2009: 32

      Mal sehen, ob sich das mit den Q1-Zahlen so in etwa bestätigt.
      Avatar
      schrieb am 14.04.08 16:40:58
      Beitrag Nr. 96 ()
      Antwort auf Beitrag Nr.: 33.875.931 von MontPelerin am 13.04.08 20:15:27Respekt.

      War viel Arbeit, oder?
      Avatar
      schrieb am 14.04.08 17:34:53
      Beitrag Nr. 97 ()
      Antwort auf Beitrag Nr.: 33.875.931 von MontPelerin am 13.04.08 20:15:27Klasse Beitrag! Vielen Dank dafür!
      Wie ist Eure Meinung zu ARISE?
      Avatar
      schrieb am 14.04.08 18:03:37
      Beitrag Nr. 98 ()
      TORONTO, ONTARIO--(Marketwire - April 11, 2008) - Timminco Limited ("Timminco")(TSX:TIM - News) today announced that John Walsh, President - Magnesium Division and a member of the Board of Directors of Timminco, has resigned to pursue other opportunities.

      ADVERTISEMENT
      "John made important contributions to the on-going restructuring of Timminco's magnesium business," said Dr. Heinz Schimmelbusch, CEO and Chairman of the Board of Timminco. "We regret that John will be leaving us, and wish him all the best in his future endeavours."

      John Fenger, Vice President - Aluminum Products of Timminco, will assume all of John Walsh's duties effective immediately. John Fenger, who has been an officer of Timminco since 2004 and has extensive international experience in the metals industry, will continue to drive efforts to return Timminco's magnesium business to profitability and continue to position it to achieve Timminco's strategic objectives.
      Avatar
      schrieb am 14.04.08 18:31:22
      Beitrag Nr. 99 ()
      Antwort auf Beitrag Nr.: 33.880.990 von meinolf67 am 14.04.08 16:40:58
      Ja, der halbe Sonntag war "im Eimer". ;) Und mehr als eine Spekulation ist es natürlich trotzdem nicht.
      Avatar
      schrieb am 14.04.08 19:36:54
      Beitrag Nr. 100 ()
      Antwort auf Beitrag Nr.: 33.882.094 von MontPelerin am 14.04.08 18:31:22Lies' Dir mal die neuen Postings im SI-Thread durch, da steht auch was zu m-SI und Timminco drin...
      Avatar
      schrieb am 16.04.08 14:23:23
      Beitrag Nr. 101 ()
      Antwort auf Beitrag Nr.: 33.875.931 von MontPelerin am 13.04.08 20:15:27Hallo MontPelerin,

      schöne Rechnung, die es auf den Punkt bringt. Vielen Dank
      Ich möchte zu deinen Berechnungen noch Zahlen ergänzen, die Michael Rogol (Photon Consulting) bei seiner Präsentation auf der Solarkonferenz bzgl. Steigerung des Nettogewinn von Timminco über die kommenden Jahre angeführt hat.

      2007 -$13Mio
      2008 $36Mio
      2009 $195Mio
      2010 $364Mio

      Diese Schätzungen liegen allerdings für 2009 um Faktor zwei über deinen Berechnungen.

      @Meinolf67:
      Wo finde ich besagten SI-Thread?

      Gruß
      Capgap
      Avatar
      schrieb am 16.04.08 16:17:59
      Beitrag Nr. 102 ()
      Antwort auf Beitrag Nr.: 33.898.167 von capgap am 16.04.08 14:23:23
      Hi capgap,

      danke für die Info. Was M. Rogol sagt, ist auf jeden Fall wichtiger, als das, was ich mir so Sonntags ausdenke. ;)

      Wenn Rogol recht behält, ist Timminco ein Kauf. Nach meinem Szenario derzeit wahrscheinlich eher nicht.

      Mich würde interessiern, wie Rogol zu seinen Zahlen kommt. Meinolf hat ja schon gesagt, dass er meine Annahme zum Yield zu konservativ findet. Das ist natürlich eine wichtige Stellschraube...

      Ansonsten hier der neue Thread von Meinolf - wie immer sehr lesenswert!

      Thread: Materialsammlung - Solar-SI-Projekte in aller Welt...
      Avatar
      schrieb am 17.04.08 00:22:17
      Beitrag Nr. 103 ()
      das war ja mal wieder ein dunkel-grüner tag bei TIM
      da hat einer nach börsenschluß nochmal richtig hingelangt...

      16:30:40 T 28.39 +1.84 1,000,000 15 UBS 15 UBS

      16:18:40 T 28.39 +1.84 2,800 53 Morgan Stanley 53

      16:18:20 T 28.39 +1.84 7,000 82 Thomas Weisel 53

      15:59:54 T 28.39 +1.84 3,000 82 Thomas Weisel 79 CIBC K

      15:59:41 T 28.38 +1.83 200 1 Anonymous 9 BMO Nesbitt K

      15:59:41 T 28.40 +1.85 700 1 Anonymous 9 BMO Nesbitt K

      15:59:41 T 28.45 +1.90 100 1 Anonymous 9 BMO Nesbitt K

      15:59:38 T 28.45 +1.90 1,000 1 Anonymous 7 TD Sec K

      15:59:38 T 28.44 +1.89 200 1 Anonymous 1 Anonymous K

      15:59:38 T 28.43 +1.88 500 1 Anonymous 2 RBC K
      Avatar
      schrieb am 17.04.08 18:39:00
      Beitrag Nr. 104 ()
      Antwort auf Beitrag Nr.: 33.898.167 von capgap am 16.04.08 14:23:23Thread: Materialsammlung - Solar-SI-Projekte in aller Welt...
      Avatar
      schrieb am 18.04.08 17:35:32
      Beitrag Nr. 105 ()
      Kann mir jemand erklären, warum dort gestern und heute dieser Titel so abgestraft wird?
      Ich kann im Netz nichts finden, keine News...

      Danke!
      Avatar
      schrieb am 18.04.08 17:47:02
      Beitrag Nr. 106 ()
      Antwort auf Beitrag Nr.: 33.920.973 von JuergenKurth am 18.04.08 17:35:32
      :confused: tja, ich hab auch gesucht und nichts gefunden - nur evergreen solar ist ähnlich abgestürzt, aber da gab's Zahlen...

      Vielleicht ist jemand Dickes ausgestiegen...:confused:

      gasadi :rolleyes:
      Avatar
      schrieb am 18.04.08 18:04:45
      Beitrag Nr. 107 ()
      Hab ich auch schon dran gedacht...
      Avatar
      schrieb am 18.04.08 18:38:46
      Beitrag Nr. 108 ()
      Vielleicht klapp der ganze Kram ja doch nicht so wie sie denken:confused:
      Avatar
      schrieb am 21.04.08 08:11:16
      Beitrag Nr. 109 ()
      Der Kursverfall vom Freitag kommt sicher von diesem Artikel in Barrons vom Wochenende:

      Timminco Generates More Heat Than Light

      ERIC SPROTT JUST FILED FOR A Canadian public offering of his Toronto money-management firm, Sprott Asset Management. The offering could make him a billionaire. What's remarkable is that Sprott owes a lot of this good fortune to his firm's huge stake in a single stock called Timminco, a Canadian metal-smelting company whose shares were the best performers on Toronto's bourse last year, rising from 30 cents to about C$22 (US$22). The gains on Timminco (ticker: TIM.Canada) contributed more than 25% of all investment returns on Sprott's assets in 2007. A private-equity group associated with Safeguard Scientifics (SFE) has benefited even more, controlling just over half of Timminco's shares as its market cap exploded from C$60 million to C$2.8 billion, on Friday's price of C$23.
      [timchaart]

      The justification for Timminco's share appreciation is supposed to be its invention of a low-cost way to purify the silicon needed for the booming solar-cell market. But so far, the evidence for Timminco's breakthrough appears in PowerPoint slides, not financial reports. The Toronto company's sales fell from C$190 million in 2005 to C$166 million in 2007, while operating losses grew from C$8 million in 2005 to C$16 million in 2007. The stock is far ahead of reality and vulnerable if solar silicon disappoints.

      Timminco shares traded below 50 cents for years as it made magnesium and metallurgical-grade silicon that alloy makers would buy for under $1 a kilogram. Then a little over a year ago, Sprott analyst David Tomljenovic heard Timminco had a process to improve silicon purity from the 98.5% metallurgical grade to the 99.999% solar grade. Timminco could upgrade stuff it had been selling for 83 cents a kilo into purer stuff that sold for over $35 a kilo.

      "That's all I needed to know," says Tomljenovic, who started buying Timminco stock at 40 cents. Sprott Asset now owns 18 million shares-a third of the free float.
      [BA_Shares_Outshine.gif]

      Timminco ownership is concentrated, given the 50.5% stake held by parent firm Advanced Metallurgical Group, a conglomeration of businesses assembled by Safeguard International Fund. By listing AMG on Amsterdam's Euronext exchange (AMG.Netherlands), Safeguard investors cashed in on Timminco's stock without having their more than $380 million in AMG stock sales hurt Timminco's high share price. That clever exit strategy isn't surprising given that the head of the Safeguard fund (and also chief executive of Timminco and AMG) is Heinz Schimmelbusch, a financial wiz who ran Germany's Metallgesellschaft from 1989 to 1993 -- when the company was nearly ruined by a $1.3 billion oil-futures loss.

      Solar-power demand has driven contract prices above $80 a kilogram for the 99.9999999%-pure silicon that companies like Dow Chemical (DOW) and MEMC (WFR) make from a superheated-silicon gas. But solar cells don't need that much purity, and companies have tried to use metallurgical processes to make solar-cell silicon. The Elkem unit of Norway's Orkla (ORK.Norway) has spent over $700 million to start a plant. Timminco claims that its simpler approach will allow it to build a bigger plant for less than $90 million. What's more, Timminco says it can make solar-grade silicon for little more than $10 a kilogram, compared with $20 at Elkem and perhaps $35 at MEMC.Timminco Chief Financial Officer Robert Dietrich says the company's delivered over 90 metric tons of its upgraded silicon to solar customers and adds: "Our customers are very happy with the material."

      In the past month, Sprott's Tomljenovic has been encouraged by a Timminco patent filing at the World Intellectual Property Organization (a U.N. registry) and, better still, a contract and hearty endorsement from the world's largest solar-cell maker, Q-Cells (QCE.Germany). The company promises profits within 2008. The Sprott analyst thinks Timminco eventually can achieve C$1.25 billion in revenues and C$5.25 in earnings per share.

      The Bottom Line:
      Because of their astronomical price, Timminco shares are vulnerable if solar silicon falls to meet expectations. Given the concentrated ownership, valuing the stock is tricky.

      But as Piper Jaffray analyst Jesse Pichel points out in a March 27 report, Q-Cells has invested in many silicon technologies that never yielded useful products. Close inspection reveals that the patent document that cheered Tomljenovic is just an application. A search turns up prior patents with silicon-processing techniques like Timminco's -- one was even tried and rejected by Dow Chemical. Rivals also criticize Timminco's purity claims. Elkem's impurity levels are half of Timminco's, while Globe Specialty Metals (GLBM.U.K.) showed at a recent conference that Timminco samples reveal even higher impurities when alternative analytical tests are used. CFO Dietrich says Timminco's shipments meet specifications.

      Timminco clearly has a lot to prove. Investors are unlikely to share in Sprott's good fortune anytime soon.
      Avatar
      schrieb am 21.04.08 10:04:26
      Beitrag Nr. 110 ()
      Antwort auf Beitrag Nr.: 33.929.755 von daxschaefchen am 21.04.08 08:11:16

      @daxschaefchen:

      Danke für den Fund!
      So ähnlich sieht das ja MontPelerin auch, oder?

      gasadi
      Avatar
      schrieb am 21.04.08 16:57:01
      Beitrag Nr. 111 ()
      Antwort auf Beitrag Nr.: 33.929.755 von daxschaefchen am 21.04.08 08:11:16ebenfalls Danke!
      Avatar
      schrieb am 21.04.08 17:00:30
      Beitrag Nr. 112 ()
      Light shed on Timminco's high-flying stock

      Barry Critchley, Financial Post Published: Monday, April 21, 2008
      Story Tools


      The incredible upward trajectory in shares of Timminco Ltd. has investors and industry watchers starting to shine a stronger light on the Canadian manufacturer of high grade silicon for the solar industry, which rose out of obscurity over the past two years to become one of the best performers on the Toronto Stock Exchange.

      On Friday, shares of Timminco fell 12%, the most in almost three months, to $22.95, on three times the normal volume. That was after hitting an all-time high of $28.39 last Wednesday. Still, over the past year, the stock has gained almost eightfold and now has a market capitalization of $2.4-billion. It's a remarkable achievment, given the company doesn't make a profit.

      Timminco certainly has its band of supporters, in large part because of the growing demand for silicon that's used in the solar industry and the company's claims that it can produce very high quality silicon using its patent. Among Timminco's fans is Sprott Assett Management, which owns more than 20% of the company via three entities. That translates into $500-million, a fair chunk of that profit, given that Sprott Asset Management -- which manages $6.9-billion in assets and is now in the process of going public -started buying shares at around 40¢.

      As well, the company has won kudos from many analysts. Since it doesn't make money, it doesn't have a P/E measure so analysts have turned to a price-to-sales metric, popular in valuing technology companies in the dot.com era.

      Clarus recently issued a report, gave the stock a buy rating with a $40 target. Paradigm Capital liked the story even better: it also gave the stock a buy with a $43 target. In January, when CIBC World Markets initiated coverage, it termed Timminco "not your average silicon producer" and slapped a $25 target on the company -or about 24 times the book value of $1.05 a share (It now has a $30 target.)

      But others are taking a more cautious "show me" stand.

      National Bank Financial recently noted that Timminco, which has a new focus on upgraded metallurgical grade silicon, faces new competition. It left its target at $24.

      And Cormark Securities is bearish. In a Jan. 7, 2008, report, it said that "based on its supply agreements, planned capacity and our outlook for weakening poly-Si prices, TIM's stock price is more than fully valued." It has a reduce on the stock with a $11 target Since then, Cormark has issued a second report in which it kept the reduce recommendation but raised its target to $19.50.

      The company has also attracted the interest of the short-sellers. At the end of March, according to Bloomberg, 4.616 million shares were shorted, in the United States, up from 831,292 at the end of 2007. On the TSX, a total of 565,040 shares were shorted at the end of March -or more than 300,000 lower than at year end 2007.

      Meanwhile, other potential investors continue to do their analysis. One of the country's sharpest, who requested anonymity, has not yet made up his mind. "These guys came out of nowhere, managed to find the holy grail that nobody else could possibly do with no research and development and hardly any capital expenditure. And there's has been no outside corroboration. I think they are heavily overstating the probability of success," he said.

      Among the investor's concerns is whether Timminco can achieve its long term purity levels, which means producing silicon that has a very low percentage of phosphorous and boron . As well, the investor asks if can the company generate success once it gets fully operational and is producing 14,400 tonnes per year, up from 300 million tonnes at present. There's also a question of timing, with producers rushing to get supply because of tax incentives in Europe.

      Finally, given that the solar grade patent is a key part behind Timminco's success, the investor wonders why there was a six-month gap between the filing of the patent and the announcement. On March 15, 2007, one day after it took a $33.2-million writedown on its magnesium operations, Timminco announced its first commercial contract for the sale of high purity silicon and said it "has a patent-pending process which enables it to produce high purity (a level of 99.999% purity) or solar grade silicon." The next day, on large volume, the stock jumped 33% to 64 cents.

      So what does Timminco say?

      Robert Dietrich, chief financial officer, said the company "is a substantial player in silicon," supplying about 3% of the world's market. And the growth in the solar market, the "new" cell manaufacturers requires raw material. "An opportunity existed for new entrants into the market and the (four) new entrants are all silicon companies," he said, noting the four that are purifying silicon using metallurgical processes are using different technologies.

      The company started developing its technology in 2005 back when a customer made a request to produce very high quality upgraded silicon. In 2006, it did further experimentation off site, set up a pilot plant, and sent samples to prospective customers. "It's not an overnight success story. We used methodology employed in other metals and adapted it to silicon."

      As for what this methodology is, Dietrich confirmed speculation that no analyst has seen the production process. "It's a trade secret." he said, noting only the company's employees and its engineering consultants have seen it in action
      Avatar
      schrieb am 21.04.08 19:34:31
      Beitrag Nr. 113 ()
      Nicht ungewöhnlich, dass jetzt auch Zweifel aufkommen. Es ist eben einfach so, dass Timminco jetzt wirklich viel angekündigt hat und jetzt müssen sie erstmal liefern.

      Mitte Mai kommen ja dann die Zahlen zum Q1 - die werden sehr interessant werden.

      Wenn man mal anschaut, wie die drei 1.200-Tonnen-Linien in die Produktion gegangen sind, komme ich für das erste Q auf eine Nominalkapazität von ungefähr 600 Tonnen (300 + 200 + 100).

      Wenn Timminco damit weniger als 300 Tonnen produziert hat, wäre das eine Enttäuschung.

      Hoffen wir mal, dass sie ihren Output offen kommunizieren.

      300 Tonnen wären nach den hier aufgestellten Hypothesen für 11 Mio. Dollar Umsatz und 5 Mio. Dollar Gewinn gut. Zumindest Break Even ist insofern Pflicht. ;)
      Avatar
      schrieb am 21.04.08 19:41:24
      Beitrag Nr. 114 ()
      Antwort auf Beitrag Nr.: 33.934.057 von meinolf67 am 21.04.08 17:00:30 TORONTO (Reuters) - Shares of specialty metals producer Timminco Ltd tumbled Monday after a report in the financial magazine Barron's questioned the company's plan for purifying silicon for solar cells.

      Meanwhile, the Globe and Mail newspaper reported that Wall Street investor Manuel Asensio, who has a reputation for bringing down companies, has challenged Timminco's assertion that it can purify metallurgical grade silicon in a very cost-efficient way.

      Timminco stock fell much as 10 percent in early trading on the Toronto Stock Exchange, but recovered to C$22.27, still down 3 percent, or 68 Canadian cents. The stock fell more than 12 percent Friday.

      The company was one of the best performers on the Toronto market in 2007, soaring from a price of less than C$1 to more than C$22 in the year as it racked up commercial contracts and the price of silicon soared.

      The Toronto-based company has said it can purify metallurgical grade silicon at about half of what it costs its competitors.

      In December, it began production at its solar silicon unit in Becancour, Quebec. Germany's Q-Cells AG, the world's largest solar cell maker, signed a supply contract with Timminco subsidiary Becancour Silicon Inc last month.

      But on Sunday, Barron's said Timminco's shares were "far ahead of reality," noting the concentrated stock ownership makes valuing the stock problematic. Insiders and stakeholders own about 55 percent of the company, according to Reuters Data.

      Timminco's sales fell and its operating losses rose last year, the magazine said, adding: "the stock is far ahead of reality and vulnerable if solar silicon disappoints."

      By next year, Timminco expects to produce 14,400 tonnes of solar-grade silicon annually.

      Company officials were not immediately available for commment.

      ($1=$1.01 Canadian) (Reporting by Jonathan Spicer; Editing by Peter Galloway)
      Copyright 2008 Reuters
      Avatar
      schrieb am 21.04.08 19:44:43
      Beitrag Nr. 115 ()
      Antwort auf Beitrag Nr.: 33.935.600 von MontPelerin am 21.04.08 19:41:24Ach Gott, Asensio! Die "älteren" Börsenhasen werden sich erinnern. Der hat damals den Schwindel bei Turbodyne entlarvt als gewisse "Analysten" den Laden noch immer hochgejubelt haben :)

      Rette sich wer kann! :D
      Avatar
      schrieb am 22.04.08 03:21:07
      Beitrag Nr. 116 ()
      Antwort auf Beitrag Nr.: 33.935.623 von daxschaefchen am 21.04.08 19:44:43
      Ah ja, genau! Das waren doch die NM-Zeiten. Irgendwie sagte mir der Name was, aber ich wusste nicht mehr, wo ich ihn hinstecken muss. Turbodyne... Mein Gott, was waren das für verrückte Zeiten. Man könnte in Plauderstimmung kommen und sentimental werden. ;)


      Timmico wehrt sich jetzt aber gegen die Berichte und sie haben einen starken Zeugen - etwas, das Turbodyne nie haben konnte:


      When asked about the criticisms on Monday, Timminco Chief Financial Officer Robert Dietrich said: "It's extremely difficult to punch air."

      "We have the equipment, it's running, we're producing metal and shipping it to seven different customers -- and they're reporting that the product meets their specifications," he said in an interview.

      Timminco has applied for a patent of its technology, in which inexpensive equipment is used to produce solar-grade silicon, the CFO said. The company's competitors typically use costlier chemical processes.

      "The lower capital costs are a function of the equipment required," he said.

      The company was one of the best performers on the Toronto market in 2007, soaring from 30 Canadian cents a share to more than C$22 in the year as it racked up commercial contracts and the price of silicon soared.

      The Toronto-based company has said it can purify metallurgical grade silicon at about half of what it costs its competitors. Last year, it shipped 89 tonnes of solar grade silicon to customers.

      In December, it began production at its solar silicon unit in Becancour, Quebec. Germany's Q-Cells AG, the world's largest solar cell maker, signed a supply contract with Timminco subsidiary Becancour Silicon Inc last month.

      "We have already received the first deliveries from our contract. So far, we don't see any reason for concern," a Q-Cells spokesman said Monday. "We have tested the material beforehand and it led to the desired results."


      Dennoch bleiben die Fragen, nach den letztlich möglichen Mengen und Qualitäten und auch nach der Bewertung der Aktie.
      Avatar
      schrieb am 22.04.08 21:06:00
      Beitrag Nr. 117 ()
      TORONTO, April 22, 2008 – Timminco Limited (“Timminco”) (TSX:TIM) today provided an update with respect to the production and shipment of solar grade silicon through its wholly-owned subsidiary Becancour Silicon Inc. (“BSI”). BSI has been a leader in the production of silicon metal for more than 30 years.
      During 2007, BSI shipped 89 metric tons (“mt”) of solar grade silicon metal to customers and concluded four long-term contracts for the production and shipment of up to 6,000 mt annually, commencing in 2009.
      During the first quarter of 2008, BSI completed the commissioning of its 3,600 mt solar grade plant with the second and third of three 1,200 mt lines starting on February 2 and 28 respectively. During this ramp-up period in the first quarter, BSI produced and shipped 100 mt of solar grade silicon an average selling price in excess of $60 per kilogram. :eek: Each shipment was tested by an independent laboratory and met specifications set by customers.
      Based on its own analysis and the acceptance of its product by leading companies in the solar industry, Timminco announced the expansion of BSI’s solar grade silicon capacity to 14,400 mt per year, with the incremental capacity on stream by the end of the second quarter of 2009. Since this announcement on February 22, Timminco has placed orders for the critical production equipment and will begin construction of the new facility in the second quarter of 2008 as originally planned. At the same time, the ramp-up of operations at the existing facility is proceeding in line with expectations to achieve the targeted production rate by the beginning of the third quarter 2008. Timminco’s cumulative capital expenditures for the existing and new facilities are expected to be in excess of $90 million.
      On March 26, 2008, BSI announced the signing of an agreement to supply solar grade silicon to Q-Cells AG (“Q-Cells”), the world’s largest manufacturer of solar cells. Q-Cells has recognized Timminco as “one of the world’s leading specialists in specialty and light metals,” and has stated that “in extensive tests, Q-Cells has achieved very good results in manufacturing cells.” Shipments to Q-Cells were included in the 100 mt of solar grade silicon shipped in the first quarter.
      BSI’s process is the subject of two patents pending for manufacturing processes. During 2007, the company filed a formal patent application with the U.S. and international patent authorities in respect of one of its processes for purifying low-grade silicon metal. The company has a 2006 priority date in respect of this patent application. The international patent examiner has provided a positive report on such application. The company filed a second patent application in 2008 in respect of another process for purifying low-grade silicon metal.
      Avatar
      schrieb am 22.04.08 21:12:07
      Beitrag Nr. 118 ()
      Antwort auf Beitrag Nr.: 33.946.477 von MontPelerin am 22.04.08 21:06:00
      Allerdings sind 100 Tonnen nicht so toll. Allein im März war eine Nominalkapazität von 300 Tonnen online - ramp up hin oder her, viel mehr als 16% haben sie aus ihrer Nominalkapazität (noch) nicht rausholen können.

      Trotzdem, die Richtung scheint weiter zu stimmen und für unter 15 Dollar werde ich vielleicht schwach. ;)
      Avatar
      schrieb am 23.04.08 18:01:58
      Beitrag Nr. 119 ()
      Antwort auf Beitrag Nr.: 33.946.542 von MontPelerin am 22.04.08 21:12:07

      hi, MontPelerin,

      und? die 15 $ waren möglich...

      gasadi
      Avatar
      schrieb am 23.04.08 19:21:37
      Beitrag Nr. 120 ()
      Antwort auf Beitrag Nr.: 33.954.441 von gasadi am 23.04.08 18:01:58
      Hab ich verpasst. Bin aber auch nach wie vor sehr unsicher. Wenn überhaupt, wird es nur eine ganz kleine Position, falls der Kurs weiter fällt.
      Avatar
      schrieb am 23.04.08 19:47:00
      Beitrag Nr. 121 ()
      Timminco Provides Update on Stock Trading Activity
      Wednesday April 23, 1:03 pm ET

      TORONTO, ONTARIO--(Marketwire - April 23, 2008) - At the request of Market Surveillance on behalf of the Toronto Stock Exchange, Timminco Limited ("Timminco") (TSX:TIM - News) announces that, other than matters discussed in its news release issued yesterday, it is not aware of any corporate developments to account for the recent trading activity in Timminco's stock.
      Avatar
      schrieb am 29.04.08 20:38:52
      Beitrag Nr. 122 ()
      TORONTO, ONTARIO--(Marketwire - April 28, 2008) - Timminco Limited ("Timminco") (TSX:TIM) announced today it will host a conference call on Thursday, May 8, 2008 at 5:00 pm ET to discuss its financial results for the first quarter ended March 31, 2008. Timminco will report its first quarter financial results via news release on Thursday, May 8, at approximately 4:30 pm ET.
      Avatar
      schrieb am 29.04.08 22:21:39
      Beitrag Nr. 123 ()
      Timminco dabeibleiben
      Endingen (aktiencheck.de AG) - Die Experten von "Hot Stocks Investor" empfehlen bei der Aktie von Timminco (ISIN CA8874041012/ WKN 871433) dabeizubleiben. Die jüngste Kursschwäche, die auf einen negativen Zeitungsbericht zurückzuführen sei,
      Börsenticker aus Endingen (aktiencheck.de AG) - Die Experten von "Hot Stocks Investor" empfehlen bei der Aktie von Timminco (ISIN CA8874041012/ WKN 871433) dabeizubleiben.

      Die jüngste Kursschwäche, die auf einen negativen Zeitungsbericht zurückzuführen sei, könnte eine ausgezeichnete Einstiegsgelegenheit sein. Die in dem Artikel infrage gestellte Möglichkeit des Unternehmens, solarfähiges Silizium auf einem kostengünstigen Weg herstellen zu können, habe das Unternehmen nochmals ausdrücklich bestätigt. So seien bisher sieben unterschiedliche Kunden beliefert worden, die alle nichts zu beanstanden gehabt hätten.

      Die Experten von "Hot Stocks Investor" empfehlen Anlegern, ihre Position in Timminco-Aktien abzusichern und dabeizubleiben.
      (Ausgabe 08 vom 28.04.2008)
      (28.04.2008/ac/a/a).
      Sie lesen Finanznachrichten und Wirtschaftsmeldungen auf ad-hoc-news.de, ein Presseportal der trading-house.net AG. Weitere Börsennachrichten finden Sie unter www.ad-hoc-news.de & http://www.trading-house.net.
      Avatar
      schrieb am 06.05.08 23:44:03
      Beitrag Nr. 124 ()
      der langzeit-chart sieht ja lustig aus. wenn der ne aussagekraft hätte und das spielchen so weiter gespielt wird, dann war ja der absturz absolut notwendig. genauso würden wir aber dann in nächster zeit wieder das nächste ATH sehen....:D
      Avatar
      schrieb am 06.05.08 23:54:35
      Beitrag Nr. 125 ()
      Hop oder Top?

      Am Donnerstag werde Zahlen für 1. Quartal veröffentlicht.
      In den letzten Wochen ist der Wert extrem unter Druck geraten, da es viele Short Positionen gab.
      Ich habe den Eindruck, dass viele Shorter nun Angst bekommen, dass die Zahlen doch ganz gut aussehen könnten.
      Immerhin ist von den Zahlen noch nichts durchgesickert, keiner der (6?)Silizium-Abnehmer hat sich bisher über die Qualität beklagt. Q-Cells als wichtigster Abnehmer hat Timminco sogar den Rücken gestärkt und ausdrücklich die Qualität gelobt.
      Sollte sogar die prognostizierte Menge für Q1 erreicht worden sein, dann wird der Kurs nicht nur alte Höhen erreichen, sondern noch weit darüber notieren.
      Ich könnte mir vorstellen, dass sich viel Shorter morgen und übermorgen früh noch mit Aktien eindecken werden, da sie Angst haben richtig viel draufzahlen zu müssen. Also gehe ich von einem weiteren Kursanstieg bis ca. CAD 25 aus.
      Dann kommts wirklich auf die Zahlen an. Gute Zahlen, dann gehts erstmal Richtung CAD 40. Schlechte Zahlen lassen das Kartenhaus zusammenbrechen und es geht Richtung CAD 9, es sei denn, es gibt wieder BAckup von Q-Cells, dann "nur" wieder bis CAD 15.

      Lassen wir uns überraschen...
      Avatar
      schrieb am 08.05.08 18:37:36
      Beitrag Nr. 126 ()
      :cool: von den Zahlen habe ich noch nichts gesehen, aber:

      News Release
      STOCK SYMBOL: TIM
      (The Toronto Stock Exchange)
      Sedar Filer Profile #00000838
      TIMMINCO ANNOUNCES SOLAR SILICON OPERATIONAL REVIEW BY PHOTON CONSULTING
      TORONTO, May 8, 2008 - Timminco Limited (“Timminco”; TSX: TIM) today announced that it has received an operational review report from PHOTON Consulting on its solar grade silicon business located at Bécancour, Québec, based on a one-day facility visit by a PHOTON Consulting team in early May, 2008. Timminco commissioned the report to support due diligence efforts for strategic discussions beyond normal supplier-customer relationships that are ongoing with potential partners. The PHOTON Consulting team was given full access to the solar grade silicon production facility and to information relating to accounting procedures, R&D efforts, human resource needs, intellectual property and technical processes that they requested to prepare their report.
      “Operations and processes have potential for massive growth and, possibly, for reshaping the silicon industry”, declared Michael Rogol Managing Director of PHOTON Consulting. “The equipment is very impressive, very low-cost, beyond poly-scale. In interviews, several customers have reported cell efficiencies above 14% and some above 15% utilizing 100% (unblended) solar grade silicon from Bécancour.”
      A conference call with Michael Rogol of PHOTON Consulting will take place on Wednesday May 14,2008 to discuss the conclusions of the report. An executive summary of the report will be made available on Timminco’s website at www.timminco.com prior to the conference call. Details of the conference call will be released under a separate release.



      gasadi :rolleyes:
      Avatar
      schrieb am 08.05.08 19:05:53
      Beitrag Nr. 127 ()
      Antwort auf Beitrag Nr.: 34.058.485 von gasadi am 08.05.08 18:37:36Was für ein Durcheinander bei dem Kurs....

      Bin jetzt mal auf die Zahlen heute Abend gespannt...
      Avatar
      schrieb am 08.05.08 23:13:42
      Beitrag Nr. 128 ()
      May 08, 2008 16:30 ET
      Timminco Reports First Quarter 2008 Results
      Quarter highlighted by long-term contract with world's largest manufacturer of solar cells and steady ramp up of solar grade silicon production and shipments

      TORONTO, ONTARIO--(Marketwire - May 8, 2008) - Timminco Limited ("Timminco") (TSX:TIM) today announced its financial results for the first quarter ended March 31, 2008.

      Highlights of the First Quarter

      - Sales of $47.6 million, representing a growth of 11.2% from $42.8 million in the first quarter of 2007.

      - Net loss of $0.6 million compared to a net loss of $3.1 million in the first quarter of 2007.

      - Completed the commissioning of a solar grade silicon production facility with nominal annual production output of 3,600 metric tons.

      - Announced the expansion of solar grade silicon nominal capacity to 14,400 metric tons of annual output based on market demand and customer acceptance of product.

      - Shipped 100 metric tons of solar grade silicon at an average selling price in excess of $60 per kilogram.

      - Signed an agreement to supply solar grade silicon to Q-Cells AG, the world's largest manufacturer of solar cells.

      Highlights Subsequent to Quarter End

      - Appointed John Fenger to assume leadership of the Magnesium Group.

      - Received a EUR 5 million deposit under a long term contract from a major customer for delivery of solar grade silicon.

      - Received positive report by PHOTON Consulting on operational review of solar grade silicon business in Becancour.

      - Signed second agreement to supply solar grade silicon to Solar Power Industries, Inc.

      Overview

      "Following the completion of the commissioning of our 3,600 metric ton solar grade silicon facility in the first quarter, the ramp up of production is progressing in line with our expectations, with output and shipments to our customers steadily increasing each month," said Dr. Heinz Schimmelbusch, Chairman of the Board and Chief Executive Officer of Timminco. "During the first quarter, we met our internal shipment target of 100 metric tons of solar grade silicon, all of which was tested by an independent laboratory and met the specifications set by our customers. Moreover, feedback from our customers has been positive. With production output for our existing facility sold out through 2008, we expect the continued ramp up in production to have an increasing positive impact in our financial results with each successive quarter. We will report on the progress of our ramp up when we report our second quarter results. While we anticipate that the cost of our solar grade silicon production will fluctuate as we make refinements to our facilities, we are comfortable with current levels and continue to expect to achieve an average variable cost in the range of $10 to $15 per kilogram at long-term nominal production levels."

      Timminco has two reporting segments: the Silicon Group, which includes silicon metal and solar grade silicon products, and the Magnesium Group, which includes magnesium extruded and fabricated products. Timminco also has a minority investment in Fundo Wheels AS, an aluminum wheels business based in Norway.

      Results for the First Quarter

      Sales for the first quarter of 2008 were $47.6 million, an increase of 11.2% from $42.8 million the first quarter of 2007. The increase is attributable to growth in the sales volume of Timminco's solar grade silicon and regular grade silicon metal.

      The net loss was $0.6 million or $0.01 per share, compared with a net loss of $3.1 million, or $0.04 per share, in the first quarter of 2007.

      Cash and short-term investments as at March 31, 2008 were $11.3 million compared to $34.6 million at the end of 2007. During the quarter, $6.2 million was invested in working capital to support the 31% increase in sales volumes over the fourth quarter of 2007, $16.5 million was spent on capital expenditures relating primarily to the solar grade silicon facilities and $1.9 million was invested in Fundo Wheels to support the turnaround of that business.

      Silicon Group

      Sales of the Silicon Group were $34.7 million in the first quarter of 2008, an increase of 45.2% from $23.9 million of first quarter of 2007. The increase in sales was due to the growth in sales of solar grade silicon and an increase in sales volume of regular grade silicon metal.

      Gross profit for the first quarter of 2008 was $4.2 million or 12.2% of sales compared with the gross margin of $1.7 million or 6.9% of sales in the first quarter of 2007. The growth was primarily due to the increase in sales of solar grade silicon. During the quarter $2.1 million of start up costs were incurred and expensed as cost of sales.

      Amortization of capital assets in the first quarter of 2008 was $1.3 million compared with $0.6 million in the first quarter of 2007. The increase was attributable to the new solar grade silicon facility now in use.

      Magnesium Group

      Sales of the Magnesium Group were $12.8 million in the first quarter of 2008, representing a decrease of 31.9% from the $18.8 million generated in the first quarter of 2007. The decrease is a result of unusually high sales volumes in the first quarter of 2007, unfavourable foreign exchange rate moves and increased competition.

      Gross profit for the first quarter was $1.2 million or 9.6% of sales. This compares to $1.1 million or 5.6% of sales in the first quarter of 2007. Although overhead expenses were decreased by $0.8 million, these were offset by higher costs for magnesium feedstock and increased competition in principal markets.




      Financial Highlights


      in thousands of Canadian dollars,
      except for loss per common share
      -------------------
      Three Months Ended
      (unaudited)
      -------------------
      March 31, March 31,
      2008 2007
      -------------------
      Sales $47, 557 $42,786


      Gross profit 5,701 3,047


      Gross profit percentage 12.0% 7.1%


      Net loss (556) (3,119)


      Loss per common share, basic and
      diluted (0.01) (0.04)
      Working capital (excluding
      available cash items) 33,029 12,594
      Total assets 185,674 102,647
      Cash and marketable securities 11,338 201
      Bank debt 11 23,115
      Total long term liabilities 25,057 22,838
      Weighted average number of
      common shares outstanding, basic
      and diluted 103,999 75,133





      Timminco will file its consolidated financial statements for the quarter ended March 31, 2008, and related management's discussion and analysis (MD&A) with securities regulatory authorities within the applicable timelines. Such financial statements, MD&A and related documents will be available through SEDAR at www.sedar.com as well as through Timminco's website at www.timminco.com.

      About Timminco

      Timminco is a leader in the production and marketing of lightweight materials, specializing in solar grade silicon for high growth solar photovoltaic energy industry. Using its proprietary technology, Timminco processes metallurgical grade silicon into low cost solar grade silicon for use in the manufacture of solar cells. Timminco also produces silicon metal and specialty ferrosilicon and alloy magnesium for use in a broad range of industrial applications serving the aluminum, chemical, pharmaceutical, electronics and automotive industries.
      Avatar
      schrieb am 09.05.08 09:13:28
      Beitrag Nr. 129 ()
      neuer Kunde mit Namen:


      05/08/2008
      AMG Subsidiary Announces Second Solar Grade Silicon Supply Agreement With Solar Power Industries, Inc.
      Amsterdam, 8 May 2008 --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") announced that its 50.5% subsidiary Timminco Limited (TSX: TIM), has announced that its wholly-owned subsidiary, Bécancour Silicon Inc. ("BSI"), has signed a second agreement to supply solar grade silicon to Solar Power Industries, Inc. In its press release, Timminco stated:

      Bécancour Silicon Inc. ("BSI"), has signed a second agreement to supply solar grade silicon to Solar Power Industries, Inc. ("SPI") based in Belle Vernon near Pittsburgh, Pennsylvania. SPI was BSI's first long-term solar grade silicon customer, having entered into its initial supply agreement with BSI in March 2007. SPI was BSI's largest customer in 2007.

      The initial supply agreement anticipates shipments of solar grade silicon in excess of 4,000 metric tons over its initial period of 5 years. Under this second supply agreement, SPI has committed to purchase an additional 3,000 metric tons per year from 2010 to 2015.

      "We are very happy to have SPI as a strategic partner in the development of our solar silicon business and this second contract with SPI further corroborates the value proposition we bring to our customers." said Mr. René Boisvert, President and CEO of BSI. "SPI has had extensive experience with our solar grade silicon, having shipped their products using our material for over one year."
      Avatar
      schrieb am 09.05.08 10:42:29
      Beitrag Nr. 130 ()
      Antwort auf Beitrag Nr.: 34.060.640 von meinolf67 am 08.05.08 23:13:42
      Na ja... Ich weiß nicht. Da fehlen noch ganz viele interessante Zahlen.

      Überraschend ist zunächst der hohe Verkaufspreis von über 60 Dollar pro Kilo.

      Interessant ist folgender Satz:

      expect to achieve an average variable cost in the range of $10 to $15 per kilogram at long-term nominal production levels

      Das heißt, dass sie dieses Kostenniveau noch nicht realisieren können (was bei den noch kleinen Produktionsmengen kein Vorwurf ist).

      Aber wie hoch sind ihre derzeitigen Kosten?

      Wenn wir einen Kiloverkaufspreis von 65 Dollar unterstellen und zusätzlich unterstellen, dass die Rohertragsmarge im klassischen Si-Geschäft zu Q1 / 2007 unverändert geblieben ist, dann kann man sich eine Rohertargsmarge im UMG-Si-Bereich von ca. 34% zusammenrechnen.

      Anders gesagt lägen nur die direkten Produktionskosten fürs UMG-Si derzeit bei 40 bis 45 Dollar pro Kilo.

      Wie gesagt, das sollte man jetzt nicht für eine Langfristprognose zu Grunde legen, denn erstens wird das im Laufe der Zeit sicher weniger werden und vor allem kennen wir die wirkliche Marge des normalen Si-Geschäfts im Q1 nicht. Die kann sich ja im Vergleich zu Q1/2007 verschlechtert haben.

      Als vorläufiges Fazit würde ich festhalten:

      - Der Prozess ist angelaufen
      - Produktionsmengen sind noch sehr(!) gering
      - Erlöse deutlich höher als ursprünglich angenommen
      - Kosten zur Zeit wahrscheinlich auch deutlich höher als ursprünglich angenommen

      Bin nach wie vor nur Beobachter.
      Avatar
      schrieb am 09.05.08 12:06:47
      Beitrag Nr. 131 ()
      Antwort auf Beitrag Nr.: 34.062.773 von MontPelerin am 09.05.08 10:42:29Über die Margen im normalen Si-Geschäft verglichen mit 2007 kann ich nur sagen, dass es einen rasanten Preisanstieg bei Si-Metall gegeben hat. Während Anfang 2007 die Tonne noch je nach Qualität im Bereich von 1450 € gehandelt wurde, werden jetzt teilweise deutlich über 2000 € bezahlt.
      Allerdings sind auch die Rohstoffpreise (insbesondere Kohle und Strom) im teilweise 30%-Maßstab gestiegen. Dennoch reiben sich die Si-Produzenten trotzt schwierigem Energieumfeld die Hände.

      Außerdem machen sich erstmals auch Effekte des Rückgangs der produzierten Mengen aufgrund der Herstellung von UMG-Metall bemerkbar.
      Avatar
      schrieb am 09.05.08 12:11:35
      Beitrag Nr. 132 ()
      Antwort auf Beitrag Nr.: 34.063.697 von capgap am 09.05.08 12:06:47Wärst Du bereit zu sagen, wo man solche Infos finden kann?
      Avatar
      schrieb am 09.05.08 12:39:17
      Beitrag Nr. 133 ()
      Antwort auf Beitrag Nr.: 34.063.749 von meinolf67 am 09.05.08 12:11:35zum Beispiel, indem man sich intensiv mit der Branche beschäftigt oder aber auch bei der Solarkonferenz in München Anfang April gut aufpasst bzw. mit den richtigen Leuten spricht.
      Avatar
      schrieb am 09.05.08 12:57:54
      Beitrag Nr. 134 ()
      Antwort auf Beitrag Nr.: 34.064.004 von capgap am 09.05.08 12:39:17;)

      keine zugänglichen Quellen?
      Avatar
      schrieb am 09.05.08 13:05:04
      Beitrag Nr. 135 ()
      Timminco Ltd. (TIM/TSX) seesawed its way to a 5% gain yesterday as the solar-grade silicon maker disclosed glowing results from an operational review of its solar grade silicon business followed by news of a new contract.

      Timminco shares were halted at midday, then spiked up 11% on resumption of trading, thanks to a report from PHOTON, an independent consulting firm, which was commissioned by Timminco to support due diligence efforts by the company "for strategic discussions beyond normal supplier-customer relationships that are ongoing with potential partners."

      Timminco stock has come under fire in recent weeks, following a Barron's report that questioned the technology behind its production process.

      During a one-day facility visit, PHOTON was given full access to Timmico's solar grade silicon production facility in Becancour, Que.

      "Operations and processes have potential for massive growth and, possibly, for reshaping the silicon industry," PHOTON managing director Michael Rogol said in a statement. "The equipment is very impressive, very low-cost, beyond poly-scale." He added that "in interviews, several customers have reported cell efficiencies above 14% and some above 15% utilizing 100% (unblended) solar grade silicon from Becancour."


      Within the hour of the report's release, shares began to fall, dropping into negative territory. But the retreat proved temporary and soon the stock was back in the black.

      The final push came just after 3 p. m. ET, when Timminco announced it has signed a second agreement to supply solar grade silicon to Solar Power Industries Inc., based near Pittsburgh, Penn.

      The company said the initial supply agreement anticipated shipments of solar grade silicon in excess of 4,000 metric tonnes over its initial period of five years.

      Under this second supply agreement, Solar Power has committed to purchase an additional 3,000 metric tonnes per year from 2010 to 2015. When the dust settled, Timminco shares were up $1.15, to $24.85 at market close, with more than nine million shares trading hands.

      Yesterday's rollercoaster ride is nothing new for Timminco these past few weeks, given ongoing questions about its production process and its starring role in the Sprott Asset Management initial public offering, expected to be priced any day now in the $10 range.

      During the road show to promote the IPO, Eric Sprott has repeatedly mentioned Timminco as being one of his largest holdings.

      After the markets closed, Timminco released results for the first quarter ended March 31 which showed the company earned a loss of $600,000, compared to $3.1-million the same quarter last year, while sales had grown 11.2%, to $47.6-million.

      Dr. Heinz Schimmelbusch, Timminco's chairman and CEO, said in a statement that the company met its internal shipment target of 100 metric tonnes of solar grade silicon in the first quarter, "all of which was tested by an independent laboratory and met the specifications set by our customers."

      With production output for our existing facility sold out through 2008, Dr. Schimmelbusch said the company expects "the continued ramp up in production to have an increasing positive impact in our financial results with each successive quarter."

      dpett@nationalpost.com
      Avatar
      schrieb am 09.05.08 13:10:05
      Beitrag Nr. 136 ()
      Antwort auf Beitrag Nr.: 34.064.269 von MontPelerin am 09.05.08 13:05:04siehe #126
      Avatar
      schrieb am 09.05.08 13:13:39
      Beitrag Nr. 137 ()
      Wettbewerber und (potentieller) Lieferant:

      beliefert BP

      Thread: Globe Specialty Metals - SI-Produzent
      Avatar
      schrieb am 09.05.08 14:19:22
      Beitrag Nr. 138 ()
      Antwort auf Beitrag Nr.: 34.064.356 von meinolf67 am 09.05.08 13:13:39Timminco Berichte ersten Quartal 2008 Ergebnisse
      Quartal durch langfristige Verträge mit weltweit größte Hersteller von Solarzellen und regelmässiges Rampe von Solar-Silicium Produktion und Versand
      Timminco Limited ( "Timminco") (TSX: TIM) hat heute angekündigt, seine finanziellen Ergebnisse für das erste Quartal zum 31. März 2008.

      Highlights des ersten Quartals

      -- Der Umsatz von $ 47,6 Millionen, was einem Wachstum von 11,2% von $ 42,8 Millionen im ersten Quartal 2007.

      -- Nettoverlust von $ 0,6 Millionen verglichen mit einem Nettoverlust von $ 3,1 Millionen im ersten Quartal 2007.

      -- Abschluss der Inbetriebnahme eines Solar-Silicium Produktionsstätte mit nominal jährlichen Produktion von 3600 Tonnen.

      -- Kündigte die Ausweitung der Solar-Silicium Nennkapazität auf 14400 Tonnen Jahresproduktion auf Nachfrage am Markt und Kunden Akzeptanz des Produkts.

      -- Versandt 100 Tonnen Solar-Silizium-Klasse zu einem durchschnittlichen Verkaufspreis von mehr als $ 60 pro kg.

      -- Unterzeichnung einer Vereinbarung zur Versorgung solar grade Silizium auf Q-Cells AG, dem weltweit größten Hersteller von Solarzellen.

      Highlights im Anschluss an Quartal Ende

      -- Bestellt John Fenger, davon auszugehen, Führung der Magnesium-Gruppe.

      -- Erhielt einen 5 Mio. EUR unter Hinterlegung einer langfristigen Vertrag aus ein wichtiger Kunde für die Lieferung von Solar-Silicium.

      -- Received positiven Bericht von PHOTON Consulting für operative Überprüfung der Solar-Silicium des Geschäfts in Becancour.

      -- Unterzeichnet zweite Vereinbarung zu liefern Solar-Silicium zu Solar Power Industries, Inc.

      Überblick

      "Nach Abschluss der Inbetriebnahme unserer 3600-Tonnen-Solar-Silicium-Anlage im ersten Quartal, die Auffahrt von der Produktion schreitet im Einklang mit unseren Erwartungen, mit Produktion und Versand zu unseren Kunden stetig steigenden jeden Monat", sagte Dr. Heinz Schimmelbusch, Vorsitzender des Verwaltungsrates und Chief Executive Officer von Timminco. "Während des ersten Quartals, wir haben unser Ziel internen Versand von 100 Tonnen Solar-Silizium-Klasse, die alle getestet wurde von einem unabhängigen Labor und erfüllt die Spezifikationen, die von unseren Kunden. Darüber hinaus ist das Feedback unserer Kunden war positiv. Mit Produktion für unsere bestehenden Anlage ausverkauft bis 2008 erwarten wir weiterhin die Rampe bis in der Produktion zu einer Erhöhung der positiven Auswirkungen auf unsere finanziellen Ergebnisse mit zwei aufeinander folgenden Quartal. Wir berichten über die Fortschritte unserer Auffahrt auf, wenn wir unseren Bericht zweiten Quartal Ergebnisse. Während wir gehen davon aus, dass die Kosten unseres Sonnensystems grade Silizium-Produktion wird schwanken wie wir machen Verfeinerungen auf unserer Anlage, wir sind bequem mit dem derzeitigen Niveau und weiterhin zu erwarten, erreichen einen durchschnittlichen variablen Kosten im Bereich von $ 10 bis $ 15 pro kg im langfristigen nominalen Produktion Ebenen. "

      Timminco Berichterstattung hat zwei Segmente: das Silicon-Fraktion, der auch Silizium-Metall-und Solar-Silicium-Produkte, und die Magnesium-Fraktion, die auch Magnesium gefertigt und extrudierten Produkten. Timminco hat auch eine Minderheit von Investitionen in Fundo Wheels AS, ein Aluminium-Räder mit Sitz in Norwegen.

      Ergebnisse für das erste Quartal

      Der Umsatz für das erste Quartal 2008 wurden $ 47,6 Mio., ein Anstieg von 11,2% von $ 42,8 Millionen im ersten Quartal 2007. Der Anstieg ist zurückzuführen auf das Wachstum in der Verkaufsmenge des Timminco's Solar-Silicium und regelmäßige Silicium-Metall.

      Der Nettoverlust wurde $ 0,6 Millionen oder $ 0,01 pro Aktie, verglichen mit einem Nettoverlust von $ 3,1 Millionen oder $ 0,04 pro Aktie im ersten Quartal 2007.

      Flüssige Mittel und kurzfristige Kapitalanlagen zum 31. März 2008 wurden $ 11,3 Mio. im Vergleich zu $ 34,6 Millionen am Ende des Jahres 2007. Während des Quartals, $ 6,2 Mio. Die Investitionen in Working Capital zur Unterstützung der 31% ige Erhöhung der Absatzmengen gegenüber dem vierten Quartal 2007 $ 16,5 Millionen für Investitionen vor allem in Bezug auf die Solar-Silicium Einrichtungen und $ 1,9 Millionen investiert wurden in Fundo Wheels zur Unterstützung der Turnaround des Unternehmens.

      Silicon-Fraktion

      Der Umsatz der Silicon-Gruppe wurden $ 34,7 Millionen im ersten Quartal 2008, was einer Zunahme um 45,2% von $ 23,9 Mio. ersten Quartal 2007. Die Umsatzsteigerung war auf das Wachstum bei Verkäufen von Solar-Silicium und einen Anstieg des Verkaufsvolumens der regelmäßigen Silicium-Metall.

      Das Bruttoergebnis für das erste Quartal 2008 war $ 4,2 Mio. oder 12,2% des Umsatzes, verglichen mit der Brutto-Marge von $ 1,7 Millionen oder 6,9% des Umsatzes im ersten Quartal 2007. Das Wachstum wurde vor allem durch die Zunahme bei den Verkäufen von Solar-Silicium. Während des Quartals $ 2,1 Millionen von Start-up Kosten anfielen und erfasst Umsatzkostenverfahren.

      Amortisation von Kapitalvermögen im ersten Quartal 2008 war $ 1,3 Mio. verglichen mit $ 0,6 Millionen im ersten Quartal 2007. Der Anstieg ist darauf zurückzuführen, dass neue Solar-Silicium-Anlage jetzt im Einsatz.

      Magnesium-Gruppe

      Der Umsatz der Magnesium-Gruppe wurden $ 12,8 Millionen im ersten Quartal 2008, was einem Rückgang von 31,9% aus dem $ 18,8 Mio. generierte im ersten Quartal 2007. Der Rückgang ist eine Folge der ungewöhnlich hohen Verkaufsmengen im ersten Quartal 2007, ungünstige Wechselkurs bewegt und dem zunehmenden Wettbewerb.

      Das Bruttoergebnis für das erste Quartal war $ 1,2 Mio. oder 9,6% des Umsatzes. Im Vergleich zu $ 1,1 Mio. oder 5,6% des Umsatzes im ersten Quartal 2007. Obwohl die Overhead-Kosten waren um $ 0,8 Millionen, wurden diese durch höhere Kosten für den Rohstoff Magnesium und dem zunehmenden Wettbewerb im wichtigsten Märkte.


      Financial Highlights

      in Tausend kanadischen Dollar,
      außer für den Verlust je Aktie
      -------------------
      Drei Monate beendet
      (ungeprüft)
      -------------------
      31. März 31. März
      2008 2007
      -------------------
      Der Umsatz $ 47, 557 $ 42786

      Das Bruttoergebnis 5701 3047

      Bruttogewinn Anteil 12,0% 7,1%

      Der Nettoverlust (556) (3119)

      Das Ergebnis je Aktie, unverwässert und
      verwässert (0,01) (0,04)
      Working Capital (ohne
      verfügbare Cash-Positionen) 33029 12594
      Bilanzsumme 185674 102647
      Flüssige Mittel und marktgängige Wertpapiere 11338 201
      Bankverbindlichkeiten 11 23115
      Total langfristige Verbindlichkeiten 25057 22838
      Gewichtete durchschnittliche Anzahl der
      ausstehender Aktien, unverwässert
      und verwässert 103999 75133


      Timminco Datei wird über ihre konsolidierten Abschlüsse für das Quartal zum 31. März 2008, und die damit verbundenen Managements Diskussion und Analyse (MD & A) mit Wertpapieren Regulierungsbehörden innerhalb der geltenden Fristen. Solche Abschlüsse, MD & A und die damit zusammenhängenden Dokumente zur Verfügung stehen wird durch SEDAR www.sedar.com auf sowie durch Timminco's Website unter www.timminco.com.

      Über Timminco

      Timminco ist führend in der Herstellung und Vermarktung von leichten Materialien, spezialisiert auf Solar-Silicium für hohe Wachstum der Photovoltaik-Industrie. Mithilfe seiner proprietären Technologie, Timminco metallurgische Prozesse grade Silizium in Low-Cost Solar-Silicium für die Verwendung bei der Herstellung von Solarzellen. Timminco produziert auch Silicium-Metall-und Spezialchemikalien Ferrosilizium und Magnesium-Legierung für den Einsatz in einem breiten Spektrum von industriellen Anwendungen dient der Aluminium-, Chemie-, Pharma-, Elektronik-und Automobilindustrie.

      Cautionary Hinweis: Auf die Zukunft gerichtete Aussagen, Informationen

      Diese Presseinformation enthält bestimmte "vorausschauende Aussagen", gemäß der Definition dieses Begriffs in den geltenden kanadischen Rechtsvorschriften im Wertpapierbereich, über die Zukunft Timminco finanzielle oder operative Leistung und andere Aussagen zum Ausdruck bringen, dass die Erwartungen des Managements oder Schätzungen über künftige Entwicklungen, Ergebnisse oder Umstände. Generell, zukunftsgerichtete Informationen können identifiziert werden durch den Einsatz von zukunftsgerichtete Begriffe wie "erwartet", "glauben", "anticipates", "Haushalt", "geplant", "schätzt", "Prognosen", "beabsichtigt" , "Pläne" sowie Variationen solcher Begriffe und Phrasen, oder durch Aussagen, dass bestimmte Aktionen, Ereignisse oder Ergebnisse "Mai", "werden", "könnte", "würde" oder "könnte" "getroffen werden", "auftreten" oder "erreicht werden". In dieser Pressemitteilung wurde, solche Informationen enthält Aussagen zur Versorgung Verpflichtungen, künftige Produktionskapazität und den Zeitpunkt des geplanten neuen Einrichtungen und Produktionskosten für Timminco Solar grade Silizium. Zukunftsgerichtete Angaben beruhen auf einer Reihe von Annahmen und Schätzungen, dass zwar als angemessen durch das Management auf der Grundlage der Wirtschaft und Märkte, in denen Timminco betreibt, sind von Natur aus unterliegt erheblichen betrieblichen, wirtschaftlichen und wettbewerblichen Unsicherheiten und unvorhergesehene Ereignisse. Timminco weist darauf hin, dass die Zukunft gerichtete Aussagen, Informationen beinhaltet bekannte und unbekannte Risiken, Ungewissheiten und andere Faktoren können dazu führen, dass Timminco die tatsächlichen Ergebnisse, Leistungen oder Errungenschaften zu werden, erheblich abweichen von den Aussagen ausgedrückt oder impliziert werden, einschließlich, aber nicht beschränkt auf: begrenzte Geschichte mit die solare grade Silizium-Geschäft; Ausbau des Sonnensystems grade Silizium-Geschäft im Allgemeinen; Ausbau der Produktionskapazitäten in der Becancour Einrichtungen, Schutz der Rechte an geistigem Eigentum; Steigerung und Erhaltung der Reinheit des Sonnensystems Silicium; langfristige Verträge für die Bereitstellung von Solar-Silicium; verkaufen Preise für Solar-Silicium; Preisvolatilität für Silicium-Metall; Preise und Verfügbarkeit von Rohstoffen für die Silizium-Unternehmen; Abhängigkeit von Stromversorgung für Silicium-Metall Produktion; die Kosten der Solar-Silicium Produktion; Preisvolatilität für Magnesium-Metall; Magnesium Supply-Chain-Unterbrechungen ; Abhängigkeit von wichtigen Kunden von Magnesiumlegierungen stranggepressten Produkte, das verarbeitende Gewerbe Kostensenkung Initiativen; Finanzbedarf für Investitionen; Beschränkungen im Rahmen der bestehenden Kreditlinien; Devisenmanagement; Abhängigkeit von wichtigen Mitarbeitern und Führungskräften; Kunde Konzentration; Vollendung und Integration von potentiellen Akquisitionen, Partnerschaften oder Joint Ventures; Risiken mit ausländischen Operationen und Lieferanten, Umwelt-, Gesundheits-und Sicherheits-Gesetze und Verbindlichkeiten; Versagen; Transport Störungen; von Interessenkonflikten; Verletzungen geistigen Eigentums Forderungen, neue regulatorische Anforderungen, Arbeits-Streitigkeiten; und Veränderungen in der Steuergesetze.

      Zu diesen Faktoren werden in ausführlicher in Timminco's Annual Information Form für das Geschäftsjahr zum 31. Dezember 2007, das ist verfügbar unter der SEDAR-Website unter www.sedar.com. Obwohl Timminco versucht hat, zu identifizieren wichtige Faktoren, könnten dazu führen, dass tatsächliche Ergebnisse, Leistungen oder Errungenschaften wesentlich von diesen Prognosen abweichen, die in die Zukunft gerichtete Aussagen, Informationen, kann es andere Faktoren, die dazu führen, dass Ergebnisse, Leistungen oder Errungenschaften nicht zu als erwartet, geschätzt oder . Es kann keine Garantie dafür, dass diese Informationen erweisen sich als richtig oder dass die Erwartungen des Managements oder Schätzungen über künftige Entwicklungen, Ergebnisse oder Umstände eintreten wird. Dementsprechend sollten die Leser nicht unangemessen auf zukunftsgerichtete Informationen. Die zukunftsgerichteten Informationen in dieser Pressemeldung erfolgt ab dem Datum dieser Pressemitteilung, und Timminco lehnt jede Absicht oder Verpflichtung zur Aktualisierung oder Überarbeitung solcherart dargebotener Informationen entstehen, es sei denn, rechtlich dazu nicht verpflichtet.

      Kontakte:
      Timminco Limited
      Robert Dietrich
      Executive Vice President - Finanzen und CFO
      (416) 364-5171
      (416) 364-3451 (FAX)
      E-Mail: rdietrich@timminco.com
      Website: www.timminco.com





      Quelle: Marketwire (8. Mai 2008 - 4:30 PM EDT)

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      www.quotemedia.com
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      schrieb am 11.05.08 18:53:00
      Beitrag Nr. 139 ()
      Raymond James analyst Andy Nasr increased his price target on Timminco Ltd. (TIMNF.PK) on Friday. This followed a news-heavy Thursday for the company that included first quarter earnings, a new contract and a positive operational review of it production facilities.

      Mr. Nasr told clients in a note that he raised his target from C$15 to C$19 after "factoring in higher solar-grade silicon prices in 2008." Even so, he maintained his "underperform" rating on the stock in light of Timminco's current share price, which fell 7% or C$1.86 to C$22.99 in trading on Friday.

      He wrote:

      As stated in our recent initiation of coverage report, we remain concerned about execution risk and long-term silicon prices. We would become more constructive on our outlook if the company can control its throughput and production cost by year-end.

      Mr. Nasr noted that Timminco's first quarter results, which included revenues of C$47-million and a loss of C$0.01 per share, were in-line with his estimates. He added that his shipment estimates remain unchanged following the company's new contract with Solar Power Industries to add an additional 3,000 metric tonnes of solar grade silicon from 2010 to 2015, didn

      As for the operational review of its facility conducted by PHOTON Consulting that appears to vindicate concerns regarding the efficacy of Timminco's technology, Mr. Nasr decided to reserve comment until the full report is released on May 14.
      Avatar
      schrieb am 11.05.08 19:20:28
      Beitrag Nr. 140 ()
      Solar Power Industries places extra 3,000 metric ton order with Becancour Silicon
      09 May 2008 - Materials - News
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      TimmincoVertically integrated solar cell manufacturer Solar Power Industries has placed a second long-term order for solar grade silicon with Becancour Silicon, which sees the Pittsburgh, Pennsylvania producer receive an additional 3,000 metric tons per year from 2010 to 2015. The initial supply agreement anticipated shipments of solar grade silicon in excess of 4,000 metric tons over its initial period of 5 years.

      "We are very happy to have SPI as a strategic partner in the development of our solar silicon business and this second contract with SPI further corroborates the value proposition we bring to our customers." said Mr. Rene Boisvert, President and CEO of BSI. "SPI has had extensive experience with our solar grade silicon, having shipped their products using our material for over one year."

      In separate news, Timminco, the majority owner of Becancour Silicon, is set to make available an executive summary of a report by PHOTON Consulting on Becancour’s breakthrough metallurgical solar grade silicon on Wednesday May 14, 2008 as well as a conference call to discuss the findings.
      Avatar
      schrieb am 13.05.08 17:19:04
      Beitrag Nr. 141 ()
      :cool:

      In der "neue energie", die heute kam, gibt es einen großen Artikel über den Ausbau der Solarsiliziumproduktion aller nennenswerten Hersteller und anschließend ein Interview mit eike Weber, Leiter des Fraunhofer-Instituts für solare Energiesysteme mit dem Titel: "Wir brauchen schmutziges Silizium"...metallurgisches Silizium (ist) Schlüssel zur Überwindung des Rohstoffengpasses und zur Kostensenkung. In diesem Sinne ist das Interview gehalten. Sehr lesenswert - kann es leider nicht abschreiben...

      gasadi :rolleyes:
      Avatar
      schrieb am 13.05.08 20:53:29
      Beitrag Nr. 142 ()
      May 13, 2008 13:27 ET
      Timminco Schedules Conference Call to Discuss Operational Review Report by PHOTON Consulting on May 14
      Conference call also to be webcast at www.timminco.com

      TORONTO, ONTARIO--(Marketwire - May 13, 2008) - Timminco Limited ("Timminco") (TSX:TIM) announced today it will host a conference call on Wednesday, May 14, 2008 at 4:30 pm ET to discuss the highlights of the operational review report completed by a team from PHOTON Consulting on Becancour Silicon Inc, Timminco's solar grade silicon business.

      Michael Rogol, Managing Director of PHOTON Consulting will make a presentation and answer questions relating to the solar industry and BSI's position in the industry.

      Mr. Rogol is a leading expert on solar energy and focuses on emerging trends in the sector. His recent work includes detailed reports on solar power based on a global review of several hundred solar power companies. Mr. Rogol's research on silicon use in the solar power sector has been included in numerous reports (e.g., Sun Screen, Sun Screen II, Solar Annual 2006, Solar Annual 2007, True Cost of Solar Power), at numerous conferences, (e.g., PHOTON's Solar Silicon Conferences) and in the "Silicon Space" column of PHOTON International magazine. Mr. Rogol's background in the energy sector includes more than a decade of experience working with large energy players while at McKinsey & Co, Cambridge Energy Research Associates, Washington Policy & Analysis and MIT's Laboratory for Energy & Environment. Mr. Rogol holds a BS in Engineering Systems from MIT, an MBA from MIT, a BS in Foreign Service from Georgetown University and was a Henry Luce East Asian Scholar in Korea.

      Martin Meyers of PHOTON Consulting, will also participate. Mr. Meyers has nearly 30 years experience in the energy industry, including 18 years with Royal Dutch/Shell and nearly a decade at Cambridge Energy Research Associates (CERA), where he was a Director of Research. His experience includes plant design, operations, technical support and optimization. Martin holds an MBA from Concordia University and a B.A.Sc. (Chemical Engineering) from Queen's University in Kingston, Ontario.

      To access the conference call by telephone, dial 416-644-3433 or 1-800-814-4890. Please connect approximately 15 minutes prior to the beginning of the call to ensure participation. The conference call will be archived for replay until Wednesday, May 21, 2008 at midnight. To access the archived conference call, dial 416-640-1917 or 1-877-289-8525 and enter the reservation number 21271874#

      A live audio webcast of the conference call will be also available at www.timminco.com. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast. The webcast will be available for replay at www.timminco.com following the live presentation.
      Avatar
      schrieb am 14.05.08 11:54:14
      Beitrag Nr. 143 ()
      Timminco (TIMNF.PK) was, without a doubt, one of the great solar plays of 2007. The Toronto-based company, which has yet to turn a profit, claims it has come up with a process to produce solar-grade metallurgical silicon with cell efficiencies of about 14%. Metallurgical silicon allows for important energy cost savings in the production process (~70%), so being able to approach cell efficiencies reached by conventional solar-grade silicon processes could mean an important cost advantage for metallurgical silicon producers when measured on a per watt basis.


      Eventually, certain people began publicly doubting Timminco's claim, partially because no hard evidence had been put forth (besides a few positive client testimonials), and partially because some were eager to cover short positions probably taken while the stock was shooting up. As a result, the stock came under pressure.

      Finally, last week, Timminco silenced its critics by announcing that a third-party had verified and lauded its technology, and by upgrading a major contract. The third-party is Photon Consulting, a solar market research agency with a strong reputation.

      But, while the Photon folks seem to have nothing but good things to say about the Timminco process, others are doubting whether Photon has sufficient technology and production process expertise to make a call on the veracity of Timminco's claims (from what I could gather, these "others" are mainly competitors). Judging by the stock's moves since the announcement, it seems as though investors are siding with management for now.

      The full results of Photon's analysis won't be known until the close of markets Wednesday. Seeing as the Photon principal in charge of this project said that Timminco had the potential to "reshap[e] the silicon industry," it will certainly be interesting to hear the full details of what he has to say. Interested in finding out more about what could be a breakthrough in solar cell manufacturing? Be sure to tune in to the call on Wednesday at EST4:30pm. All details are available here (PDF document).
      Avatar
      schrieb am 14.05.08 22:28:42
      Beitrag Nr. 144 ()
      Präsentation ist online.

      in 2 Minuten geht es los.

      noch jemand hier?
      Avatar
      schrieb am 14.05.08 22:44:59
      Beitrag Nr. 145 ()
      Antwort auf Beitrag Nr.: 34.095.850 von meinolf67 am 14.05.08 22:28:42Ja, bin noch hier.

      Verstehe leider wenig englisch, denke aber, die Präsentation sieht nicht schlecht aus, so was ich verstanden habe, oder?
      Avatar
      schrieb am 14.05.08 22:49:34
      Beitrag Nr. 146 ()
      sagt nicht sehr viel, m.E.
      Avatar
      schrieb am 14.05.08 23:34:37
      Beitrag Nr. 147 ()
      sie haben fertig.


      nicht viel schlauer als zuvor.


      Rogol rechnet mit operating profit von 270-1000 Mio. USD in 2010 für die UMG-Sparte.

      In der Tendenz wirkt der Ansatz konservativ.

      Parameterbandbreiten:

      VK 45-65$/kg
      Kosten all in: 13-22$
      Volumen 12.000-20.000 Tonnnen

      worst case: 12.000to x (45-22)$ = 276.000.000
      best case: 20.000to x (65-13)$ = 1.040.000



      irgendwie ist die ganze Veranstaltung ulkig; so als ob MediaMarkt sich McKinsey holt, um sich bestätigen zu lassen, dass sie ganz toll Geld verdienen werden...
      Avatar
      schrieb am 16.05.08 17:07:02
      Beitrag Nr. 148 ()
      Andy Nasr isn't quite ready to jump in with both feet following Timminco Ltd.'s (TIMNF.PK) conference call to discuss the operational review of its facilities, but the Raymond James analyst is certainly feeling a little more confident about the company's prospects thanks in large part to higher-than-anticipated contract prices.

      In a note to clients he wrote:

      While [Tuesday's] conference call only modestly allayed our concerns regarding execution risk, we were admittedly surprised to learn that the company had and could enter into supply agreements to sell its solar-grade silicon at prices of greater than $60 per kilogram. We had previously assumed that solar-grade silicon shipments would be transacted at prices of approximately $45 per kilogram.

      Mr. Nasr also noted that the independent review concluded that Timminco will be able to hit its production targets and increase its capacity from 3,600 metric tonnes to over 14.4 metric tonnes by mid-2009. As well, Timminco to produce between 5 to 10 thousand tonnes of solar grade silicon in 2009 and 12 to 20 thousand tonnes in 2010, with costs declining from C$16 to C$30 per kilogram in 2009 to C$13 to C$22 by 2010.

      Nonetheless, Mr. Nasr remains cautious about further upside in the stock, which climbed another 7% to C$26.58 in morning trading on Thursday. He upgraded his rating on Timminco from "underperform" to "market perform," and raised his price target from C$19 to C$27.

      We remain reluctant to recommend that investors buy the stock, given the execution risk and long-term silicon supply concerns that we previously highlighted.
      Avatar
      schrieb am 19.05.08 05:05:30
      Beitrag Nr. 149 ()
      Timminco gets nod from consulting solar booster Rogol


      2008-05-16 16:48 ET - Street Wire

      by Lee M. Webb

      Timminco Ltd., a sizzling Toronto Stock Exchange (TSX) solar play, has received an enthusiastic nod from booster Michael Rogol's PHOTON Consulting following a one-day visit to the company's silicon plant in Becancour, Que.

      The bullish Mr. Rogol says Timminco could realistically generate $1.3-billion in revenue from sales of its solar-grade silicon and ring up an operating profit of $1-billion by 2010.

      Led by chairman and chief executive officer Heinz Schimmelbusch, Timminco piled into the frothy solar silicon market last year on the strength of a secret proprietary metallurgical process to turn the chemical-grade silicon produced by its Becancour plant into the much more valuable 99.999-per-cent pure solar-grade silicon used in the booming solar cell industry.

      Timminco is still ramping up its 3,600-metric-ton upgraded metallurgical silicon operation and tweaking its proprietary process, but it has already inked long-term contracts with five customers, including the world's largest supplier of solar cells, German-based Q-Cells AG.

      Over the next year, Timminco plans to increase its solar-grade silicon production capacity to 14,400 metric tons per year. The expansion, targeted for completion in the second quarter of 2009, is expected to have a capital cost of $65-million.

      All the hoopla has sent Timminco's stock price soaring from approximately 40 cents per share prior to its emergence as a solar play just over a year ago to more than $28 per share in recent trading. The company now has a market capitalization in excess of $2.9-billion.

      The rocketing stock price, Timminco's unusual share structure and, among other things, the fact that its secret proprietary process renders its solar-grade silicon operation a black-box project have caught the attention of some critics and short sellers.

      In a May 8 news release issued just ahead of releasing its first-quarter results, Timminco announced that it had hired PHOTON to prepare a report to "support due diligence efforts for strategic discussions beyond normal supplier-customer relationships that are continuing with potential partners."

      During the May 8 first-quarter conference call, Mr. Schimmelbusch more candidly acknowledged that Mr. Rogol's firm had been engaged in response to public criticisms and questions about Timminco.

      The company held another conference call to discuss a summary of PHOTON's glowing report on May 14.

      PHOTON review

      Interestingly, during the conference call, Mr. Rogol indicated that he had called Timminco to suggest that PHOTON perform an operational review of the company's silicon operation in order to quell some of the growing criticms.

      Mr. Rogol, still in his 30s, has evidently managed to cram a considerable amount of education and experience into his youngish life.

      He holds a bachelor of science in engineering systems and an MBA from the Massachusetts Institute of Technology, a bachelor of science in Foreign Service from Georgetown University and was a Henry Luce East Asia Scholar in Korea.

      In addition to his educational qualifications, Mr. Rogol claims to have 15 years of experience in the energy sector, including five years experience involving solar energy and silicon.

      Mr. Rogol's firm contributes articles to PHOTON Magazine, writes commissioned research reports for solar energy players and organizes and runs solar conferences.

      Indeed, Mr. Rogol was the keynote speaker at a Photon International conference in Munich on April 1. Timminco participated in that conference.

      It is worth noting that Mr. Rogol's bullish outlook regarding solar silicon pricing was not shared by everyone at the Munich conference, including cautious industry players who warned of a possible oversupply of solar-grade silicon and declining prices.

      In the preamble to the May 14 conference call, Mr. Rogol reported that PHOTON has a number of retainer clients including Timminco that pay the firm an undisclosed annual fee.

      Mr. Rogol reported that Timminco was also paying PHOTON for the one-hour conference call, but assured listeners that his firm's analysis was not impacted by the compensation.

      Accompanying Mr. Rogol on his one-day walkabout at Becancour earlier this month were Hilary Flynn and Martin Meyers.

      Ms. Flynn reportedly writes a monthly column, Silicon Space, for PHOTON International magazine and has four years experience in renewable energy with a focus on silicon.

      Mr. Meyers, a Canadian with degrees from Concordia University and Queens University, has a more extensive 30 years of experience in the energy sector with a chemical engineering background. He has previously worked for companies like Shell Oil and Irving Oil.

      According to Mr. Rogol, his enthusiasm was tempered and balanced by Mr. Meyers's experience, though there was little, if any, evidence of that tempering influence during the May 14 conference call.

      Sunny forecast

      In the cautionary preface and disclaimer to the operational review report, Timminco warned that while the report was based on information provided by the company, "the expectations or forecasts of future production volumes, future revenues and average selling prices, future variable and other costs of production, future profitability and operating margins" and so on were the exclusive opinion of PHOTON.

      PHOTON offered its own "important disclaimer," noting that the document provided in conjunction with the conference call was "a preliminary assessment" and that there were "significant constraints on the accuracy of the analysis due to limited time of research."

      As Mr. Rogol put it, the ballyhooed operational review report was a "preliminary assessment that should be taken as a best-guess."

      "Further refinement is strongly suggested," Mr. Rogol stressed, perhaps angling for a return engagement to move his assessment beyond a "best-guess."

      As part of his background discussion, the apparently prescient Mr. Rogol claimed that he had been tracking Timminco for two years and had been following upgraded metallurgical silicon developments for several years.

      Based on interviews conducted over the past two months with more than 15 unidentified companies using Timminco's solar-grade silicon, Mr. Rogol says that the company's material "works now and will work even better with practice."

      According to Mr. Rogol, the most common concern among companies using upgraded metallurgical silicon is not about anything like pricing, but whether they can get "much more material in current spec ranges."

      Turning to a discussion of transparency, Mr. Rogol said that management "appeared completely open with all aspects of business ... to the point of discomfort for some on their team."

      The solar consultant said that the PHOTON team had access to Timminco's accounting procedures, research and development efforts, contracts for solar-grade silicon, all plant operations and, among other things, intellectual property and technical processes.

      Notwithstanding all that transparency, anyone expecting PHOTON's operational review report to provide a few insights into Timminco's black-box process for turning its metallurgical silicon into solar-grade silicon was sorely disappointed.

      While Mr. Rogol was clearly impressed, if not awed, by the set-up of the solar silicon operation and experience of the company's managers, his amateurish report offered little in the way of detail about the technical processes.

      He did, however, have a good deal to say about the growth prospects for Timminco's upgraded metallurgical silicon.

      Mr. Rogol used a bifurcated approach to laying out his bullish outlook for Timminco, offering a "realistic" assessment alongside a "realistic - downside" assessment, both of which look rather balmy.

      According to Mr. Rogol, by a realistic downside assessment, Timminco should have an upgraded metallurgical silicon production volume of 12,000 metric tons per year in 2010. His so-called realistic target is 20,000 metric tons per year by 2010.

      Assuming average selling prices of $45 per kilogram to $65 per kilogram, the boosterish Mr. Rogol pegs Timminco's revenue from solar-grade silicon at $540-million on the downside calculation and $1.3-billion by a realistic calculation for 2010.

      By Mr. Rogol's account, fully-loaded costs, excluding stock options, will range between $13 per kilogram and $22 per kilogram, giving Timminco's solar-grade silicon business an operating profit of between $270-million and $1-billion in 2010.

      Setting aside the observation that many of Mr. Rogol's bullish predictions seem more reminiscent of the type of drum-beating found in tout sheets than objective operational reviews, it is not even clear why the boosterish solar consultant tosses off calculations based on a projected production volume of 20,000 metric tons per year for 2010.

      Timminco is still ramping up production in its recently completed 3,600-metric-ton upgraded metallurgical operation and the company is still in the planning stages of increasing its production capacity to 14,400 metric tons by the middle of 2009, which would leave it 5,600 metric tons short of Mr. Rogol's 2010 forecast.

      In any event, Mr. Rogol's upbeat report evidently had some market impact. It also had at least some analysts rethinking their position.

      James gang

      On May 1, Raymond James Ltd. initiated coverage on Timminco in a 95-page renewable energy report in which analyst Andy Nasr rated the company "underperform," suggesting it should be sold and setting a target of $15.

      Prompted by the May 8 news that PHOTON had conducted an operational review of Timminco and was touting the company as having the potential "for reshaping the silicon industry," Raymond James maintained its underperform rating, but raised its target to $19.

      Following the May 14 conference call, Raymond James's Mr. Nasr revisited his position, this time raising Timminco's rating to "market perform" and boosting his price target to $27.

      While Mr. Rogol's so-called operational review report evidently influenced Mr. Nasr's rather remarkable $12 swing in price target for Timminco, not everyone was enthralled or swayed by PHOTON's May 14 performance.

      Whale tale

      Cormark Securities Inc. analyst MacMurray Whale was less than impressed with the upbeat report delivered by the bullish Mr. Rogol.

      "Last night's 'operational review' conference call offered far more in terms of forward looking financial projections than critical technical evaluation of operations," Mr. Whale wrote in his May 15 morning meeting notes. "That is disappointing."

      According to Mr. Whale, Timminco missed out on an opportunity to quell criticisms about the company's poor disclosure.

      While the Cormark analyst was unimpressed, he opined that PHOTON's financial projections, in spite of being subject to extremely bullish demand assumptions for solar modules, will likely get many investors excited and send Timminco's share price higher in the short term. He certainly had that right, with the stock up sharply in the wake of the report.

      Mr. Whale says that despite the potential for upgraded metallurgical silicon, there are significant hurdles to wide adoption in the solar energy sector.

      "The use of the material requires very specific technological innovations at the material sorting, ingot casting, wafering and cell processing stages, suggesting that only integrated ingot-wafer-cell manufacturers that have invested significant R&D are likely to use the material unblended in a significant way," Mr. Whale wrote.

      The Cormark analyst questioned Mr. Rogol's predictions regarding cost reductions at Timminco, noting that "no discussion was provided as to whether the project cost reduction was consistent with the physics and chemistry of the process itself."

      Mr. Whale went on to say that it appeared PHOTON "has relied on past cost reduction achievements in the pilot plant and recent cost reductions made on the commercial plant, without any consideration whether further reductions are even thermodynamically possible."

      The skeptical analyst acknowledged that it might be unrealistic to expect such disclosures "given the proprietary nature of the process," but cautioned investors to appropriately discount any analysis using such cost reduction figures until financial results reveal the actual costs.

      The bearish Cormark analyst says that PHOTON is "clearly at the very high end of demand expectations in the solar industry" and its predictions are based on very tenuous market assumptions.

      "A prediction of a six-fold increase from current demand levels is completely at odds with a tariff cap instituted in Spain, the steeper tariff declines proposed in Germany and the delays to the ITC experience in the US, not to mention a US recession and concerns of its spread globally," Mr. Whale wrote. "It is also a surprisingly suspect outlook for a group that has such wide regard in the industry."

      According to Mr. Whale, Mr. Rogol's prediction that Timminco could hit $1.3-billion in revenue in 2010 "is completely unrealistic" and his forecast of $1-billion in operating profit representing an 80-per-cent operating margin is "preposterously high."

      "Clearly with the industry far above economically competitive system pricing without regulatory tariff structures, a company with an 80-per-cent EBIT margin anywhere in the supply chain would be under significant pressure to reduce pricing," the Cormark analyst wrote.

      Mr. Whale acknowledged that recent conference calls, including Timminco customer Q-Cells AG's first-quarter call on May 14, dispel much of the concern about demand for upgraded metallurgical silicon. Nonetheless, he says that the concern now "shifts to the risk and potential of cost reductions over the upcoming ramp period."

      "Though the general comments of customers and PHOTON seem encouraging on the surface, we still cannot recommend the stock as it trades significantly above our reasonable evaluation of the UMG-Si opportunity at TIM," Mr. Whale wrote. "As a result, we maintain our Reduce recommendation and $19.50 target."

      At the moment, the market clearly does not share Mr. Whale's bearish sentiment. In the two days since PHOTON delivered its sunny forecast, Timminco has gained $3.60 and notched a new 52-week high on the way to closing out the week at $28.50.

      Comments regarding this article may be sent to lwebb@stockwatch.com.

      (More information regarding Timminco Ltd. is available in a Stockwatch article published on May 14, 2008.)




      --------------------------------------------------------------------------------

      Reader Comments - Comments are open and unmoderated, although libelous remarks may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.



      --------------------------------------------------------------------------------


      The report that is the subject of your article did not provide any evaluation, independent or otherwise, of Timminco's metallurgical solar grade silicon process.

      Timminco has stated that Photon Consulting was hired under a policy that precludes the hiring of any outside party with the technical ability to conduct an independent evaluation of its silicon purification process. In accordance with Timminco’s policy, Photon Consulting does not have the resources to make such an evaluation.

      On its most recent earnings call Timminco stated that it will not allow any technically competent engineer to review its silicon purification operation.

      Timminco has stated that its process is simple and that its process was developed without spending material amounts of time or money, unlike its competitors. Timminco claims that doing so might allow someone to duplicate its process.

      Photon Consulting was selected by Timminco to prevent this event.

      Your story also omits material facts and information related to issues of management character, corporate goverance, irregular insider transactions, conflicts of interest, Photon's reputational matters and, most importantly, competiting, far more sophiticated, better known technologies for treating melted silicon with heat and chemical. Without an understanding of exactly what and how Timminco purifies smelted silicon, how can you write an article about what was supposed to have been an "operational review."


      Posted by Jack Aronawitz @ 2008-05-17 10:09



      --------------------------------------------------------------------------------
      Avatar
      schrieb am 19.05.08 15:04:11
      Beitrag Nr. 150 ()
      Antwort auf Beitrag Nr.: 33.756.660 von meinolf67 am 29.03.08 08:21:55Hi,

      ich verstehe den Inhalt leider nicht:
      Die Crux liegt in der kompletten Verarbeitungskette vom Ingot bis zur Zelle und da -behaupten sie zumindest- scheint QCE derzeit weit vorne zu liegen.

      Kann mir das jemand bitte kurz erklären, warum das Material schwieriger zu verschneiden sein soll,...?

      Merci
      Avatar
      schrieb am 19.05.08 16:57:04
      Beitrag Nr. 151 ()
      Antwort auf Beitrag Nr.: 34.124.873 von UWR_Kerl am 19.05.08 15:04:11
      Ich kann das nicht im Detail erklären, aber es dürfte um folgendes gehen:

      Wenn Du eine Solarzelle aus herkömmlichem Siemens-Silizium baust, kannst Du sie zunächst mal eigentlich gleich in die Tonne werfen, weil dieses Silizium viel zu rein ist. Du brauchst die "Verunreinigungen" von Bor und Phosphor, damit Elektronen fließen können.

      Aber Bor und Phosphor eben nicht irgendwie, sondern in der richtigen Dosierung und an der richtigen Stelle. Deshalb werden Solarzellen künstlich mit Bor und Phosphor "verunreinigt". Das passiert in Diffusionsöfen.

      UMG-Si ist von haus aus stärker mit Bor und Phosphor vorbelastet, so dass Du bei der Diffusion anders und wahrscheinlich sensibler nachsteuern musst.

      Dass man bis zum Ingot zurückgehen will, macht vielleicht vor allem dann Sinn, wenn man mit Siemens-Si verschneiden will oder man kann bei 100% UMG-Si vielleicht schon beim Ingot-Schmelzen irgendwie sie Dotierung beeinflussen.

      Vielleicht liest capgap noch mit - der kann sicher mehr dazu sagen.

      (tja, hätte wohl doch bei 15 Dollar meine Chance nutzen sollen. Typisch. :laugh: )
      Avatar
      schrieb am 19.05.08 17:35:58
      Beitrag Nr. 152 ()
      Antwort auf Beitrag Nr.: 34.126.100 von MontPelerin am 19.05.08 16:57:04Danke für die Antwort.

      Ich habe mich etwas schlecht ausgedrückt, da mir der prinzipielle Fertigungsprozess vom Rohmaterial, über den Ingot, dem Waferschneiden, der Waferbehandlung (Polieren + Dotieren), Kontaktieren (Stringer?!), Modulfertigung, Dachmontage so grob klar ist.

      Zurück zum Anfang, Timminco kann Quarz in m(meallurgisches)-Si umwandeln, und angeblich schön reinigen bis es <10 ppmw Verunreinigungen aufweist. Bei der Halbleiterdotierung spielen vor allem Bor + Phosphor die entscheidende Rolle (3.+5.Hauptgruppe im Periodensystem), deshalb ist das UMG-Si von Timminco ja angeblich auch so toll, weil es (sehr) wenig von dem Zeug von Natur aus mit sich bringt. Die anschließende Diffusionsdotierung ist natürlich von der Ausgangskonzentration abhängig.

      Was aber heißt "verscheiden"? Ist das Abfall der beim Waferscheneiden anfällt?! Oder ist damit das Dotieren gemeint, oder aber der Mischprozess mit Siemens-Si? Ich kenne das Wort so nicht.


      Wie ist denn Eure teilweise lange Erfahrung mit dem "Rogol-Booster"? Ist dies der Cramer von FSLR für Timminco? Eher ein gutes Zeichen, oder ist der Zug schon lange Abgefahren (die Kursentwicklung ist ja eher abschreckend) und wartet dieser nun nur drauf potentiellen Mitfahren über die Füße zu rollen? Was ich meine, hat sich Rogol schon öfters "kaufen" lassen?


      Gruß,
      UWR_Kerl (UnWissendeR_Kerl) :laugh:


      P.S.: Noch ne Frage. Wie sehr schützen denn Patente (UMG-Si-Patent) , dass potentielle Konkurrenten (z.B. unsere lieben Freunde die Chinesen) die Idee einfach klauen. Wenn die Firmen keinen in die Fabrik lassen, dann kann doch auch nicht kontrolliert werden, nach welchem Verfahren gefertigt wird. Dann wäre es doch eigentlich am schlausten noch nicht einmal ein Patent anzumelden?! Das spart Geld, Zeit und hält die Idee noch geheimer. [Rogol]: ‘secret sauce’ of making poly is becoming closer to a recipe”
      Avatar
      schrieb am 19.05.08 18:30:02
      Beitrag Nr. 153 ()
      Antwort auf Beitrag Nr.: 34.126.543 von UWR_Kerl am 19.05.08 17:35:58
      okay, überflüssige Erklärungen meinerseits. ;)

      Verschneiden verstehe ich in diesem Zusammenhang als Mischen mit Siemens-Si. Das Timminco-UMG-Si muss ja von Q-Cells angeblich nicht verschnitten werden, aber vielleicht machen sie es trotzdem, um bei der Effizienz noch ein bissel was raus zu kitzeln.

      Rogol halte ich für seriös - nach allem, was ich so weiß. Zuletzt hat er auch bei LDK "rechter" gehabt, als die Kritiker.

      Zur Konkurrenz: Ich gehe davon aus, dass UMG-Si jetzt auf dem Marsch ist und dass es viele Unternehmen geben wird, die das in den Griff bekommen - Patente hin oder her - viele Wege führen nach Rom. Elkem ist ein heißer Kandidat für UMG, Q-Cells spricht selbst davon, dass sie von vielen Herstellern Proben haben und einiges davon ganz gut aussieht. Und selbst aus China soll es schon recht anständiges Material geben. Frgae ist eben immer: Labor oder Fabrik?
      Aber ich glaube, der Geist ist aus der Flasche - und die Solarbranche wird sich heftig verändern - spätestens nach 2010.

      Darüber muss man nochmal nachdenken. Eines dürfte aber ziemlich klar sein: Die Hemlocks dieser Welt haben ihre besten Tage bald hinter sich.
      Avatar
      schrieb am 22.05.08 12:34:15
      Beitrag Nr. 154 ()
      Hier Link zu nem Artikel von 2003:

      http://www.ugii.net/umwelt/schriften/2003-2hr-silizium.html

      nicht mehr ganz aktuell, aber dennoch interessant.
      Weiter unten gibt Herr Riemann Kosteneinsparpotentiale an, dzu gehört an erster Stelle das Rohmaterial. Und so kommen wir zurück auf Timminco. In den letzten 5 Jahren hat sich ja einiges getan, so ist die Reinheit von UMG-Silizium von Timminco nicht mehr nur 99.99% (siehe Artikel allgemein) sondern 99.99999% (10 ppm) und damit "solar grade stuff".

      Scheint also, als ob dies der richtige Weg ist.


      Ich habe da noch nen Verständnisproblem uns zwar:
      Warum kombiniert man nicht den Herstellungsprozess des UMGs mit der Kristallzüchtung? Entsteht nicht durch Selbstorganisation in der Schmelze Polysilizium-Ingots beim Ablühlen in entsprechenden Tiegeln (Crucibles), wenn der Abkühlprozess temperaturgeregelt wird ???
      Avatar
      schrieb am 27.05.08 16:32:55
      Beitrag Nr. 155 ()
      http://www.timminco.com/press/26%20may%2008%20AGM%20Release.…

      TIMMINCO PROVIDES UPDATE ON 2008
      SHAREHOLDERS’ MEETING
      Announces New Start Time

      Toronto, ON – May 26, 2008 – Timminco Limited (TSX: TIM) announced today that its 2008 annual and special meeting of shareholders will be held on Thursday, May 29 at the Fairmont Royal York Hotel, Imperial Room, 100 Front Street West, Toronto, Ontario. The meeting will begin at 4:00 p.m., a new start time than previously announced.

      Shareholders unable to attend the meeting may access a live webcast, available at www.timminco.com.
      Avatar
      schrieb am 30.05.08 08:39:02
      Beitrag Nr. 156 ()
      By Romina Maurino, The Canadian Press
      ADVERTISEMENT

      TORONTO - The CEO of Timminco (TSX:TIM), which says it has a revolutionary way to make low-cost silicon for solar cells, dismissed skepticism about its processing technology as the result of "rumours" and "innuendo" by people who want to drive down its shares.

      Heinz Schimmelbusch said Thursday that Timminco is focused on growth this year, adding that the questions were the result of "some guys" who want to sell the company's stock "short" - a way for investors to profit if a company's stock falls.

      "There are guys who are very active in this sort of rumour and innuendo," Schimmelbusch said in a media briefing ahead of Timminco's annual meeting.

      "I sincerely hope that the media will be convinced step-by-step when we ramp up our production, by the reaction of customers, and by our financial results that we have a very significant innovation, which has the potential of making a significant mark on the solar industry."

      The matter, he added, is before the court, "and we will see what happens."

      He later told shareholders that the company was following statements made about its technology closely, adding: "if anyone over steps, it's straight to the courts."

      He declined to comment further.

      The company has been fighting skepticism about its solar-cell-grade silicon production process, after questions - notably from a prominent New York short-seller - over whether its production method is a legitimate breakthrough flattened its stock.

      It recently announced that a consultant had confirmed its technology's validity, and set up an hour-long conference call with investors and media to explain its merits.

      Asked why he thought the company had been targeted, Schimmelbusch said: "when you go up 7,000 per cent in the stock price, what else, as a short guy, attracts you?"

      Timminco's shares were worth about $3.25 a year ago but have skyrocketed since then.

      The stock continued its record-breaking ways Thursday by rising above the previous high of $29.55 to briefly touch $30 at the Toronto Stock Exchange. The stock later fell back to close at $29.18, for a gain of 47 cents on the day.

      In discussing the company's growth plans, Schimmelbusch noted Timminco was working to expand its capacity and had produced 124 tonnes as of March 31.

      "Clearly, our production will vary from month to month, but we are targeting to ship 2,000 metric tonnes in 2008," he said.

      In February, the company announced a plan to spend $65 million on an expansion at its Becancour, Que., facility, owned by its subsidiary Becancour Silicon.

      That expansion, which will essentially double its capacity to produce solar-grade silicon, followed a deal to supply 14,400 tonnes of solar grade silicon over five years to an unidentified maker of solar cells.

      "It is a very challenging and partly stressful project to go from 3,600 tonnes ... to 14,400," Schimmelbusch said.

      "The big advantage which we have is that this is not one big plant that starts in one comprehensive moment; it is a modular plant, so we are adding the same modules."

      The biggest challenge, he said, is on the people side.

      "To go from a plant in order of magnitude of 200 employees to 400 employees is not an easy task. It's a remote site in Trois-Rivieres."

      Timminco processes metallurgical grade silicon into low-cost solar grade silicon for use in the manufacture of solar cells, which are used to turn sunlight into electricity.

      It recently signed a deal to supply solar grade silicon to Q-Cells AG, the world's largest manufacturer of solar cells, as well as a contract to supply solar grade silicon to Pittsburgh-based Solar Power Industries Inc., under which subsidiary Becancour Silicon Inc., SPI has committed to buy an additional 3,000 tonnes per year from 2010 to 2015.

      The metal processor also produces silicon metal, magnesium extrusions and other specialty metals for the aluminum, chemical, pharmaceutical, electronics and automotive industries.
      Avatar
      schrieb am 30.05.08 09:47:32
      Beitrag Nr. 157 ()
      Antwort auf Beitrag Nr.: 34.201.787 von meinolf67 am 30.05.08 08:39:02Ich habe mir das gestern nicht anhören können, finde aber das 124 tonnes bis einschließlich März nicht soviel sind, bei einem Jahresziel von 2000 tonnes.

      Bekommt man wegen sowas nen Strick gedreht, oder ist dies ein ganz normaler Ramp-UP ?

      Des Weiteren, scheint qualifiziertes Personal überall rar zu sein. :keks:
      Avatar
      schrieb am 02.06.08 15:19:02
      Beitrag Nr. 158 ()
      ..der Dritte von 6:


      Jun 02, 2008 09:13 ET
      Timminco Announces Supply Relationship With Canadian Solar Inc.

      TORONTO, ONTARIO--(Marketwire - June 2, 2008) - Timminco Limited ("Timminco")(TSX:TIM) today announced that its wholly-owned subsidiary, Becancour Silicon Inc. ("BSI"), has identified that Canadian Solar Inc. ("CSI")(NASDAQ:CSIQ) is one of its customers, under the long term supply agreement announced by Timminco on April 4, 2007. BSI and CSI have together achieved certain milestones with respect to delivery, consistency and quality of BSI's solar grade silicon. CSI is expected to purchase up to 5,000 metric tons of solar grade silicon through 2011 at a price substantially less than the current contract prices for polysilicon. BSI has delivered 16 metric tons of solar grade silicon in 2007 and expects to deliver 450-500 metric tons to CSI in 2008.

      Dr. Shawn Qu, Chairman and CEO of CSI commented: "BSI is a leading silicon producer and we are pleased to have collaborated with them on solar grade silicon since early 2007. In making this announcement we have together achieved a technical landmark in the PV industry."

      "We are very happy to announce our relationship with CSI as a strategic partner in the development of our solar grade silicon." said Mr. Rene Boisvert, President and CEO of BSI. "We are pleased to have achieved the necessary milestones to permit commercialization by CSI of their use of our product."

      ABOUT TIMMINCO

      Timminco is a leader in the production and marketing of lightweight metals, specializing in solar grade silicon for the rapidly growing solar photovoltaic energy industry. Using its proprietary technology, Timminco processes metallurgical grade silicon into low cost solar grade silicon for use in the manufacture of solar cells. Timminco also produces silicon metal, magnesium extrusions and other specialty metals for use in a broad range of industrial applications serving the aluminum, chemical, pharmaceutical, electronics and automotive industries.
      Avatar
      schrieb am 02.06.08 16:18:55
      Beitrag Nr. 159 ()
      Antwort auf Beitrag Nr.: 34.218.317 von meinolf67 am 02.06.08 15:19:02
      hi Meinolf!

      wer war denn der 2. - nach Q-Cells?

      ...bist du denn in den letzten günstigen Tagen dann doch wieder in einige Solars eingestiegen? ;)

      gasadi :rolleyes:
      Avatar
      schrieb am 02.06.08 16:30:12
      Beitrag Nr. 160 ()
      Solar Power Industries
      Avatar
      schrieb am 02.06.08 17:00:40
      Beitrag Nr. 161 ()
      Canadian Solar Announces Supply Contract with Timminco and e-Module Product Launch


      2008-06-02 09:33 ET - News Release


      JIANGSU, China, June 2 /Xinhua-PRNewswire/ -- Canadian Solar Inc. ("the Company,'' ''CSI,'' or ''we'') today announced that CSI and Becancour Silicon Inc. (''BSI''), a wholly-owned subsidiary of Timminco Limited (''Timminco''), have confirmed that, in connection with the long term supply contract originally signed on April 4, 2007, the companies have together achieved certain milestones for delivery, consistency and quality of BSI's solar grade UMG silicon. These achievements enable CSI to formally launch its e-Module product at the Intersolar Trade Show in Munich June 12-14th. CSI will deliver technical presentations at the conference on select technical results and tests with the product to date.

      As one of BSI's first customers and a R&D partner, CSI is expected to receive up to 5000 metric tons of solar grade UMG silicon until 2011 at a price that is substantially less than the current contract prices for polysilicon. BSI has delivered 16 tons of UMG silicon in 2007 and expects to deliver 450-500 metric tons to CSI in 2008.

      Dr. Shawn Qu, Chairman and CEO of Canadian Solar Inc. commented: ''BSI is a leading silicon producer and we are pleased to have collaborated with them on solar grade silicon since early 2007. In making this announcement we have together achieved a technical landmark in the PV industry. Our e-Module program rollout makes CSI the first company to market with a low-cost, medium power PV panel manufactured with 100% UMG Silicon. We have recommended this product to our customers for ground-mounted applications where we are pleased to report that it has already achieved significant acceptance by customers. By lowering the cost per kWh of electricity produced, the attractive pricing of this product increases the return on investment for our customers and enables CSI to gain an early foothold into emerging solar markets such as commercial rooftops in Germany and the US. It may also re-stimulate demand in market segments such as the ground-mounted segment in Spain, where the feed-in tariffs are soon expected to be lower.''

      ''We are very happy to announce our relationship with CSI as a strategic partner in the development of our solar grade silicon,'' said Mr. Rene Boisvert, President and CEO of BSI. ''We are pleased to have achieved the necessary milestones to permit commercialization by CSI of their use of our product.'' The manufacturing process for UMG silicon is less capital intensive and consumes much less energy than that of polysilicon and therefore leaves the least impact on the environment. Dr. Qu added, ''CSI is one of the leading manufacturers of both silicon solar cells and modules with the technical ability to validate the complete solar manufacturing process and the suitability of UMG solar modules in the field. We are pleased that our collaboration with BSI has resulted in the first solar module product produced with 100% UMG silicon and we look forward to working together with BSI to bring reliable and affordable solar modules to market.''
      Avatar
      schrieb am 03.06.08 12:17:58
      Beitrag Nr. 162 ()
      Timminco Shares Down Despite Deal With Canadian Solar
      The Canadian company announces a deal to sell up to 5,000 metric tons of upgraded metallurgical silicon to Canadian Solar. Analysts say they still don't have proof the technology is cost-competitive, but add that the stock drop is unrelated.
      by: Jennifer Kho
      Bullet Arrow June 02, 2008

      Timminco (Toronto: TIM) shares are down 2.4 percent Monday in spite of a news that the metallurgical-silicon company announced a long-term agreement to supply Canadian Solar (NSDQ: CSIQ) with up to 5,000 metric tons of silicon through 2011.
      Advertisement

      According to the company announcement, the deal between Canadian Solar and Timminco subsidiary Becancour Silicon was signed in April of last year.

      The companies have announced that they have achieved certain delivery, consistency and quality milestones, spelled out in the initial contract, which will enable Canadian Solar to launch a new product at the Intersolar Trade Show in Munich this month.

      Canadian Solar said it expects to receive the silicon at a price that is “substantially less” than the current contract prices for regular solar-grade silicon, but didn’t disclose the price. The Prometheus Institute, a Greentech Media partner, last week said estimated that contract prices for solar-grade silicon averaged about $60 per kilogram in 2007.

      Becancour delivered 16 tons of upgraded metallurgical silicon last year and is expected to deliver between 450 and 500 metric tons this year, Canadian Solar said.

      But some analysts said they still have questions about the cost of upgrading metallurgical silicon into solar-grade silicon. Because upgraded metallurgical silicon is generally less efficient at converting sunlight into electricity, it’s not yet clear whether the lower price more than makes up for the lower efficiency.

      “We haven’t been shown any data by Timminco, any metallurgical supplier, or any customer of Timminco or any metallurgical supplier, to show the cost,” Piper Jaffray analyst Jesse Pichel said. “I don’t question Timminco’s ability to win sales contracts. I question what the value of those contracts will be when silicon prices fall.”

      Pichel said Canadian Solar has indicated that its panels, which use only upgraded metallurgical silicon will cost about 15 percent less than standard silicon-based panels, with a gross margin of 16 percent.

      The implication is that the cost per watt for purified metallurgical silicon panels is not that different from the cost per watt of traditional panels, he said.

      “Thus, one could [believe] that when polysilicon prices revert to long-term contract prices of $50 to $80 per kilogram, the market for metallurgical silicon will be short-lived,” he said. “However, what we don’t know is what technological improvements are in store for metallurgical silicon and if any of these companies has a roadmap for higher efficiency and lower cost.”

      Timminco has been a controversial company as analysts and investors try to figure out whether its technology can deliver upgraded metallurgical silicon at a competitive cost.

      The company has been secretive, leading to extreme opinions and speculation about whether it’s for real.

      Earlier this month, Timminco said that an independent review by , and Raymond James analyst Andy Nasr upgraded his rating of the company to “Mar ket Perform.”

      But a story in the Globe and Mail on Saturday suggested the stock could be overvalued, and short sellers, such as controversial Asensio.com President Manuel Asensio, say the company still hasn’t provided any durability or efficiency data, and it has not proven it can purify metallurgical silicon at a profit.

      Regardless, Pichel said, the share price reduction probably reflects industry-wide concerns, rather than challenges specific to Timminco

      While European stocks were strong on the news that Bosch bought German solar-cell company Ersol at a premium, North American solar shares were down overall, he said.

      Part of the reason is that a number of articles portrayed the German Parliament debate about solar subsidies as negative, when it’s “clearly a big win for the solar industry,” he said.

      The Parliament is considering a deal that would reduce the German solar subsidy by about 10 percent next year, which is more than the environmental ministry had proposed in December, but far less than the 30 percent some politicians had called for (see German Subsidies Fall Less Than Forecast).

      The news that First Solar CEO Michael Ahearn had sold half of his shares also deflated shares, he said (see First Solar CEO Cashes In).
      Avatar
      schrieb am 04.06.08 03:37:31
      Beitrag Nr. 163 ()
      Timminco Enters Supply Relationship With CSI
      in News Departments > Projects & Contracts
      by SI Staff on Tuesday 03 June 2008
      email the content item print the content item

      AMG Advanced Metallurgical Group N.V. says that its 50.5% subsidiary Timminco Limited, through its wholly owned subsidiary Becancour Silicon Inc. (BSI), has formed a supply relationship with Canadian Solar Inc. (CSI).

      CSI is expected to purchase up to 5,000 metric tons of solar-grade silicon through 2011 at a price substantially less than the current contract prices for polysilicon. BSI delivered 16 metric tons of solar grade silicon in 2007 and expects to deliver 450-500 metric tons to CSI this year.

      "We are very happy to announce our relationship with CSI as a strategic partner in the development of our solar-grade silicon," says Rene Boisvert, president and CEO of BSI. "We are pleased to have achieved the necessary milestones to permit commercialization by CSI of their use of our product."

      SOURCE: AMG Advanced Metallurgical Group N.V.
      Avatar
      schrieb am 05.06.08 19:11:30
      Beitrag Nr. 164 ()
      Digg Del.icio.us Email
      Timminco Sues for Libel
      The metallurgical-silicon company files a lawsuit against Lawrence Asset Management after a fund manager allegedly calls the company "virtually worthless" and says there is no evidence it can deliver on its claims.
      by: Jennifer Kho
      Bullet Arrow June 04, 2008

      Timminco is suing a fund manger, Ravi Sood, and his firm, Lawrence Asset Management, for libel after Sood allegedly called the company “virtually worthless.”
      Advertisement

      The Toronto-based silicon company is seeking more than C$6 million in damages, according to The Globe and Mail, which reported that the lawsuit filed in the Ontario Superior Court of Justice alleges that Sood and his firm have launched a campaign to drive Timminco shares down.

      “There is no evidence that they have any sort of proprietary technology. There is no evidence that they can actually deliver on their claims," Sood said in an appearance on the Business News Network in April, according to the lawsuit (via The Globe and Mail).

      Shares of Timminco, traded on the Toronto Stock Exchange under the ticker “TIM,” grew less than 1 percent to C$30.60 per share Tuesday. The stock, which was worth less than a dollar per share last March, is up nearly ninefold from a 52-week low of C$3.43 per share about a year ago.

      The company has drawn support and skepticism from industry insiders for claiming it has developed a process to make solar-grade silicon out of dirtier metallurgical-grade silicon at lower costs than its competitors.

      With solar-grade silicon in a shortage for the last few years, silicon has become costly, and a number of researchers have been working on ways to upgrade metallurgical silicon to bolster the supply. But so far, companies haven’t been able to deliver upgraded metallurgical silicon at a lower cost per watt.

      Timminco has been secretive about its technology, leading to rampant speculation about whether it can meet its promises.

      Ethan Zindler, head of North American research for New Energy Finance, said the lawsuit strikes him as “awfully defensive.”

      “My feeling is that if you’re a highly speculative company with a speculative technology, it would seem to me that you don’t have a whole lot to complain about if some people think what do you won’t work,” he said. “If people are betting that you and your technology will work, you would seem to open yourself up to people that might have the other opinion.”

      The company might be under pressure as a number of silicon suppliers have announced plans to ramp up their capacities in the next few years.

      The Prometheus Institute forecasts that the availability of silicon and thin-film panels, which use little to no silicon, will grow from 3.14 gigawatts worth in 2007 to 12.36 gigawatts worth in 2010, while demand will grow more slowly, reaching 6.76 gigawatts in 2010 (see Oversupply of Silicon Worse Than Expected).

      “There seems to be an increasing realization in the marketplace and there’s really a tremendous amount of supply coming online in the next year or two, and that may be weighing on this as well,” Zindler said.

      Timminco on Monday announced a deal to supply Canadian Solar with up to 5,000 metric tons of silicon, and in March signed a deal to supply Q-Cells with 410 metric tons in 2008 and 3,000 metric tons in 2009 (see Timminco Shares Down Despite Deal with Canadian Solar).
      Avatar
      schrieb am 06.06.08 14:59:06
      Beitrag Nr. 165 ()
      Jun 06, 2008 08:30 ET
      Timminco Completes Next Phase of Magnesium Business Strategy With Closure of Facility in Haley, Ontario

      TORONTO, ONTARIO--(Marketwire - June 6, 2008) - Timminco Limited ("Timminco")(TSX:TIM) today announced that, consistent with its strategy to restore its magnesium extrusion and related specialty metals business to profitability, Timminco will close its manufacturing facility in Haley, Ontario, located about 100 km west of Ottawa, Ontario. The closure is expected to result in annual cost savings of approximately $5 million for Timminco.

      "Our magnesium business has significant long-term potential, but current economic conditions require that we further reduce our operating costs significantly," said John Fenger, President - Light Metals of Timminco. "The closure, although difficult, provides us with a path to profitability and potential divestiture or other strategic alternative for the rest of our magnesium business."

      The Haley facility supplied the cast magnesium billet used in Timminco's magnesium extrusion operations in Aurora, Colorado. All of these supplies will now be provided by outsource partners. This facility also produced specialty magnesium granules and turnings which will now be produced in Timminco's Nuevo Laredo, Mexico facility.

      The closure of the Haley facility is expected to result in a charge to earnings in the second quarter of 2008 of approximately $15 to $17 million before taxes. This charge is comprised of $10 million related to the acceleration of the recognition of future pension plan expenses and $5 to $7 million of severance, site closure and remediation costs, asset relocation costs and asset write-downs. The Haley facility currently has 24 hourly unionized employees. The assets located at the Haley facility were deemed to be impaired as of December 31, 2006 and were written down to $1.25 million at that time.

      The cash impact of the closure is expected to be lower than the charge against earnings by approximately $2 to $4 million. The lower cash cost is related primarily to the pension liability for which funding of the wind up of the defined benefit pension plan for the hourly employees at the Haley facility, in accordance with pension regulations, is expected to be lower than the charge against earnings. Timminco expects the cash impact to be approximately $3.5 to $5.0 million during the balance of 2008. Cash will be disbursed over a period of 2 to 5 years for the pension plan funding and up to 10 years in the case of site remediation.

      "We would like to publicly acknowledge and thank our dedicated employees for their many contributions to our magnesium business," Mr. Fenger said. "It is unfortunate that the economics of our industry have led to the closure of our Haley operations."
      Avatar
      schrieb am 06.06.08 18:09:09
      Beitrag Nr. 166 ()
      By The Canadian Press
      ADVERTISEMENT
      click here

      TORONTO - Timminco Ltd. (TSX:TIM) is shutting its small magnesium plant in Haley, Ont., 100 kilometres west of Ottawa, as it focuses on its glamorous solar-power-grade silicon business.

      The company said Friday the closure, "consistent with its strategy to restore its magnesium extrusion and related specialty metals business to profitability," is expected to save $5 million a year.

      The Haley facility currently has 24 hourly unionized employees.

      "Our magnesium business has significant long-term potential, but current economic conditions require that we further reduce our operating costs significantly," stated John Fenger, president of Timminco's light metals division.

      "The closure, although difficult, provides us with a path to profitability and potential divestiture or other strategic alternative for the rest of our magnesium business."

      Magnesium billet previously provided by the Haley plant to Timminco's extrusion operation in Aurora, Colo., now will be provided by outsource partners, while its specialty magnesium granules and turnings will be produced at Timminco's plant in Nuevo Laredo, Mexico.

      The closure of the Haley facility is expected to result in a pre-tax charge to earnings of $15 million to $17 million in the current quarter - $10 million in accelerated pension plan expenses and $5 million to $7 million of severance, closure and remediation costs, and asset writedowns.

      The Haley assets were deemed to be impaired in 2006 and were written down then to $1.25 million.
      Avatar
      schrieb am 10.06.08 19:07:44
      Beitrag Nr. 167 ()
      Solar Silicon Might Benefit From Timminco Factory Closure
      Timminco rounds out a news-heavy week by closing a factory that makes cast-magnesium billet. Insiders are mixed on how this will affect the techology.
      by: Jennifer Kho
      Bullet Arrow June 09, 2008

      Timminco (Toronto: TIM) is closing a magnesium factory in Ontario, Canada, a move that some industry insiders see as a sign the company is intensifying its focus on upgrading metallurgical silicon for solar power.
      Advertisement

      “It means the company really has confidence in its customers because it is pulling a whole [magnesium] line off to concentrate on metallurgical silicon,” said Craig Cornelius, a principal at Hudson Clean Energy Partners, adding that Timminco has been tight-lipped about who its customers are.

      “They have confidence they are going to be able to sell all the output for that.”

      Timminco, which makes silicon metals and magnesium extrusions, along with upgraded metallurgical silicon, said last week that it expects the closure to result in an annual cost savings of approximately $5 million.

      “Our magnesium business has significant long-term potential, but current economic conditions require that we further reduce our operating costs significantly,” said John Fenger, president of light metals at Timminco, in a written statement. “The closure, although difficult, provides us with a plan to profitability and potential divestiture or other strategic alternative for the rest of our magnesium business.”

      Shares fell 1.6 percent to C$33.95 on the news Friday, but the price was up 11.3 percent from the previous Friday’s close.

      Timminco has drawn both enthusiastic support and skepticism from industry insiders for claims that it has developed a process to make solar-grade silicon out of dirtier metallurgical-grade silicon at lower costs than its competitors.

      Earlier last week, the company announced a deal to sell 5,000 metric tons of silicon to Canadian Solar through 2011 (see Timminco Shares Down Despite Deal With Canadian Solar).

      Also last week, the company filed a lawsuit against a fund manager, Ravi Sood, and his firm, Lawrence Asset Management, for libel after Sood allegedly called the company “virtually worthless” (see Timminco Sues for Libel). And the Financial Post reported that two enforcement agencies, the Ontario Securities Commission and the Integrated Market Enforcement Team, are investigating trading in Timminco shares

      It’s hard to know whether the slight dip in share prices Friday came from the closure announcement or other factors.

      Aside from the aforementioned news, a research note from Wedge Partners – which called Timminco “probably the market’s leading proponent of [upgraded metallurgical silicon] today” – released Thursday claimed that the metallurgical silicon is not a viable alternative to solar-grade silicon.

      “We think that production efficiency in solar-grade polysilicon is likely to be improved faster than the cost efficiency of UMG, making UMG obsolete before it is really commercialized in solar modules,” states the note, written by analyst Kirk Adams and others.

      With solar-grade silicon in a shortage for the last few years, silicon has become costly, and a number of researchers have been working on ways to upgrade metallurgical silicon to bolster the supply. But so far, companies haven’t been able to deliver upgraded metallurgical silicon at a lower cost per watt.

      Some claim that the technology could potentially cut prices for silicon dramatically, while others say it will cost too much to be worthwhile as more production of solar-grade silicon starts up (see Oversupply of Silicon Worse Than Expected).

      Earlier this month, Timminco said that an independent review by Photon Consulting had verified its claims, and Raymond James analyst Andy Nasr upgraded his rating of the company to “Market Perform.”
      Avatar
      schrieb am 11.06.08 14:50:16
      Beitrag Nr. 168 ()
      Kann bitte jemand mal einen Realtime Chart posten ?

      Danke !
      Avatar
      schrieb am 11.06.08 16:40:23
      Beitrag Nr. 169 ()
      Antwort auf Beitrag Nr.: 34.281.705 von Bloodi767 am 11.06.08 14:50:16Hier ist einer von LDK:
      Avatar
      schrieb am 11.06.08 16:49:04
      Beitrag Nr. 170 ()
      Antwort auf Beitrag Nr.: 34.281.705 von Bloodi767 am 11.06.08 14:50:16wozu es geht abwärts:)
      Avatar
      schrieb am 11.06.08 20:35:56
      Beitrag Nr. 171 ()
      Antwort auf Beitrag Nr.: 34.282.831 von UWR_Kerl am 11.06.08 16:40:23LDK ? Timminco wäre mir lieber !

      @small fish

      wieso ":lick:" ??
      Avatar
      schrieb am 11.06.08 22:05:59
      Beitrag Nr. 172 ()
      Böse Börse

      Sorry für diese unqualifizierten Postings, aber weiß jemand was?
      Der Kursverlauf scheint sich zu wiederholen. Demanch zurück auf "Los" = ca. 20$ und wieder hoch ???

      Böse Börse
      Avatar
      schrieb am 15.06.08 11:52:17
      Beitrag Nr. 173 ()
      Antwort auf Beitrag Nr.: 34.285.575 von UWR_Kerl am 11.06.08 22:05:59.... ""und wieder hoch""
      das mag der Teufel vorher sehen können.

      Wir wissen auch nicht was an diversen Kritiken zum Unternehmen dran ist.

      M.E. ist die Bewertung gesamt gnadenlos überblasen.
      Für KGV, KUV etc rechnen sich recht gewaltige Zahlen.

      Meine Parts sind aber ohnehin die Charts .... und TIM.TOR will nun jedenfalls nach unten.


      Habe die Ehre

      Juppes
      Avatar
      schrieb am 15.06.08 22:04:20
      Beitrag Nr. 174 ()
      Antwort auf Beitrag Nr.: 34.304.510 von Juppes13 am 15.06.08 11:52:17Oh nein. Ich dachte dein Geschwafel wäre nur auf den Arise Thread begrenzt. :laugh:
      Avatar
      schrieb am 16.06.08 17:02:30
      Beitrag Nr. 175 ()
      Jun 16, 2008 10:21 ET
      Timminco and CaliSolar Jointly Announce Solar Grade Silicon Supply Agreement

      TORONTO, ONTARIO--(Marketwire - June 16, 2008) - Timminco Limited ("Timminco") (TSX:TIM) and CaliSolar, Inc., a privately held business based in Sunnyvale, CA ("CaliSolar"), today jointly announced that Timminco's wholly-owned subsidiary, Becancour Silicon Inc. ("BSI"), has signed an agreement to supply solar grade silicon, or upgraded metallurgical silicon ("UMG Si"), to CaliSolar. The agreement provides for shipments of approximately 1,700 metric tons through December 2012. Initial shipments will begin in the third quarter of 2008.

      "CaliSolar, using BSI's UMG Si, has made a major breakthrough in photovoltaic (PV) technology," said Dr. Eicke Weber, a CaliSolar founder and Director of the Fraunhofer Institute for Solar Energy Systems ISE in Freiburg, Germany. "The impact of UMG Si in this important, rapidly expanding market can hardly be overstated. By 2015, half of the world's PV production could be based on the use of UMG Si."

      "In their search for a solar grade silicon supplier, CaliSolar has done extensive tests with materials from many UMG Si producers and obtained cell efficiencies over 15% with our product." said Mr. Rene Boisvert, President and CEO of BSI. "This agreement to supply CaliSolar is consistent with our strategy of supplying solar grade silicon to companies with the capability to produce solar cells with our material with efficiencies similar to cells produced with polysilicon."

      "When CaliSolar was founded two years ago, the mission of the company was to develop specific technologies to make highly efficient solar cells using 100% UMG Si," said Roy Johnson, CEO of CaliSolar. "This contract with BSI allows CaliSolar to introduce a very competitive product during the third quarter of this year."

      "We are thrilled to announce this expansion of our relationship with Becancour and look forward to continuing to work together to build a very large UMG Si industry," said Dr. Kamel Ounadjela, COO of CaliSolar.

      ABOUT TIMMINCO

      Timminco is a leader in the production and marketing of lightweight metals, specializing in solar grade silicon for the rapidly growing solar photovoltaic energy industry. Using its proprietary technology, Timminco processes metallurgical grade silicon into low cost solar grade silicon for use in the manufacture of solar cells. Timminco also produces silicon metal, magnesium extrusions and other specialty metals for use in a broad range of industrial applications serving the aluminum, chemical, pharmaceutical, electronics and automotive industries.

      ABOUT CALISOLAR:

      CaliSolar is a rapidly growing private company engaged in the development and manufacturing of high efficiency solar cells using 100% UMG Si. The company is incorporated in the USA and conducts its production operations in both USA and Germany. CaliSolar has a state of the art development center, BerlinSolar GmbH, based in Berlin Germany and headquarters in Sunnyvale, CA. The company was founded in 2006 by Dr. Kamel Ounadjela, Dr. Fritz Kirscht and Dr. Eicke Weber.
      Avatar
      schrieb am 16.06.08 17:02:51
      Beitrag Nr. 176 ()
      man achte auf die Gesellschafter von Calisolar
      Avatar
      schrieb am 17.06.08 12:27:51
      Beitrag Nr. 177 ()
      Heute gehts ab in Toronto.
      Avatar
      schrieb am 17.06.08 12:30:11
      Beitrag Nr. 178 ()
      Antwort auf Beitrag Nr.: 34.315.361 von Bloodi767 am 17.06.08 12:27:51mal abwarten... oder hab ich was verpennt:laugh:
      Avatar
      schrieb am 17.06.08 15:55:22
      Beitrag Nr. 179 ()
      Antwort auf Beitrag Nr.: 34.315.388 von small_fish_ am 17.06.08 12:30:11Sag ich doch :laugh:
      Avatar
      schrieb am 17.06.08 19:39:55
      Beitrag Nr. 180 ()
      Hier steht so langsam mal ne Konso an, der Anstieg der vergangenen Wochen muss erstmal verdaut werden.
      Avatar
      schrieb am 18.06.08 12:03:51
      Beitrag Nr. 181 ()
      Antwort auf Beitrag Nr.: 34.319.183 von Magicdax am 17.06.08 19:39:55Das sagen Sie bei K+S auch :laugh: und das seit 50€. :D
      Avatar
      schrieb am 18.06.08 12:24:34
      Beitrag Nr. 182 ()
      Antwort auf Beitrag Nr.: 34.323.137 von Bloodi767 am 18.06.08 12:03:51was erzielen die denn für einen Verkaufspreis pro Kilo für aktuelle Verträge wie mit CaliSolar. In dem PR ist darüber nichts zu lesen.

      Wie beurteilt Ihr die Präsentation von http://www.timminco.com/presentations/PHOTON%20Consulting%20…

      Darin wird von einem VK Preis von 45 USD (Untere Spanne) gesprochen. Zusätzlich würde mich interessieren, wie viel Gramm/Watt für die Herstellung von Wafern benötigt werden, wenn man UMG-Si verwendet. Derzeit liegt dieser Wert bei ca. 6-8 g/W bei Verwendung von PolySilizium.

      lg
      Verwirrung
      Avatar
      schrieb am 18.06.08 13:57:24
      Beitrag Nr. 183 ()
      Antwort auf Beitrag Nr.: 34.315.361 von Bloodi767 am 17.06.08 12:27:51störenfried, hier wirst du nicht gebraucht...geh wieder im sand spielen mein Kleiner und überlass den playground anderen mitspielern...!
      Avatar
      schrieb am 18.06.08 16:47:10
      Beitrag Nr. 184 ()
      Antwort auf Beitrag Nr.: 34.324.215 von tartan am 18.06.08 13:57:24Ich hoffe ja mal nicht für dich, dass du in in allen Werten, wo du postest, auch investiert bist. :laugh:
      Avatar
      schrieb am 19.06.08 11:33:17
      Beitrag Nr. 185 ()
      CaliSolar signs 1,700MT UMG Si purchase agreement with Becancour Silicon
      17 June 2008 | Materials: News

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      CaliSolarSilicon Valley start-up CaliSolar, which has an exclusive patent and several pending on the purification of Upgraded Metallurgical Silicon (UMG Si), has signed a purchase agreement with Timminco's wholly-owned subsidiary, Becancour Silicon, Inc., for 1,700 metric tons (MT) through December 2012, with initial shipments starting in the third quarter of 2008. CaliSolar will use unblended UMG to produce multicrystalline ingots and solar cells.

      "CaliSolar, using BSI's UMG Si, has made a major breakthrough in photovoltaic (PV) technology," said Dr. Eicke Weber, a CaliSolar founder and Director of the Fraunhofer Institute for Solar Energy Systems ISE in Freiburg, Germany. "The impact of UMG Si in this important, rapidly expanding market can hardly be overstated. By 2015, half of the world's PV production could be based on the use of UMG Si."

      "In their search for a solar grade silicon supplier, CaliSolar has done extensive tests with materials from many UMG Si producers and obtained cell efficiencies over 15% with our product." said Mr. Rene Boisvert, President and CEO of BSI. "This agreement to supply CaliSolar is consistent with our strategy of supplying solar grade silicon to companies with the capability to produce solar cells with our material with efficiencies similar to cells produced with polysilicon."

      "When CaliSolar was founded two years ago, the mission of the company was to develop specific technologies to make highly efficient solar cells using 100% UMG Si," said Roy Johnson, CEO of CaliSolar. "This contract with BSI allows CaliSolar to introduce a very competitive product during the third quarter of this year."

      CaliSolar has an exclusive patent license from UC Berkeley and eight patent applications related to improvements in ingot yields and overall UMG material quality improvements.
      Avatar
      schrieb am 24.06.08 19:39:17
      Beitrag Nr. 186 ()
      Schon ein bisschen älter, aber trotzdem ...

      http://www.asensio.com/TIM/WedgePartners.pdf
      Avatar
      schrieb am 26.06.08 17:07:43
      Beitrag Nr. 187 ()
      .... der teife, tiefe Fall von 32T

      June 25, 2008

      Timminco Won’t Face Questions at Silicon Industry Conference.

      Timminco Won’t Face Questions at Silicon Industry Conference


      Timminco Limited’s (TSX: TIM $29.70) Becancour Silicon subsidiary and Q-Cells AG (XETRA: QCE $70.50) have stopped Manuel P. Asensio from attending an industry conference where a Becancour executive is scheduled to speak on Timminco’s UMG purification process. The “Silicon for the Chemical and Solar Industry Conference” is scheduled for June 23rd to June 26th in Oslo, Norway. Asensio had registered for the conference to hear the Becancour presentation, and to ask questions on what he finds inconsistent in Becancour’s and Timminco’s claims of being able to purify metallurgical grade silicon in larger quantities and more cheaply than the technological and business leaders in the field.


      Rather than face questions, Becancour and Q-Cells threatened to withdraw from the conference unless Asensio was barred from attending. On late Friday, June 20th, the last business day before the conference was set to start, Asensio received an email from Professor Oye, stating, “I have been informed by Becancour Silicon Inc. that we have to make a choice between you attending the conference and Becancour Silicon Inc., GK Kropfmuhl and Q-Cells. As these companies have been long-time supporters of the conference, I have to inform you regretfully that you cannot attent [sic] the conference.” See the full text attached.


      Oye failed to address the implications of a university professor being more concerned with funding than with maintaining a standard of free discourse and debate on scientific evidence. Oye also happens to be a partner in Solar Technology Research Corporation, a potential UMG supplier, which may pose a conflict of interest.


      Asensio’s response to Oye is attached, mentioning Oye’s involvement in Solar Technology Research Corporation, along with further details on the management of Timminco, GK Kropfmuhl, and Q-Cells.


      It is Asensio’s view that Timminco and its Becancour subsidiary have been disingenuous in their claims of having a superior method to purify metallurgical silicon. Rather than using the conference as an opportunity to address skepticism and to validate their claims with evidence, the Becancour presenters, it seems, prefer to avoid questions and discussion by threatening funding withdrawals.


      What kind of company does not want to substantiate its claims of innovation? And what kind of company is willing to manipulate the questions it will be asked at an industry conference, which should by nature be a forum for free and open discussion?

      http://www.asensio.com/index.aspx
      Avatar
      schrieb am 27.06.08 10:21:54
      Beitrag Nr. 188 ()
      Scientific Debate Gets Complicated
      Short-seller advocate Manuel Asensio says he was uninvited to a conference at which Timminco's Becancour Silicon CEO was speaking.
      by: Jennifer Kho
      Bullet Arrow June 24, 2008
      Advertisement

      It was gearing up to be a heated debate, with plenty of fireworks.

      Two scientists from Timminco’s metallurgical-silicon subsidiary, Becancour Silicon, are scheduled to speak Wednesday afternoon at the biennial Silicon for the Chemical and Solar Industry conference in Norway.

      Short-seller advocate Manuel Asensio, who enjoys a good debate, was looking forward to it.

      Timminco has so far kept quiet about the technology behind its claims that it has developed a process to make solar-grade silicon out of dirtier metallurgical-grade silicon at lower costs than its competitors. The company has drawn both enthusiastic support and skepticism from industry insiders amid speculation about whether it’s for real.

      Asensio counts decidedly among the skeptics. He himself is a controversial figure, with whole Websites dedicated to both admiring and discounting him (see Asensio Exposed, Asensio Exposes, a Forbes story about Asensio and his record with the Financial Industry Regulatory Authority).

      Asensio has released some 28 research notes on Timminco, that are all negative about the stock.

      The presentation, “Process and apparatus for purifying silicon,” by Becancour Silicon CEO Rene Boisvert and another presenter only identified as D. Leblanc, could shed some light on the secret process.

      And Asensio planned to be there with plenty of questions.

      “I was invited,” he said. “I accepted the invitation. My acceptance was confirmed.”

      Then, on Friday, he received an email from the conference chairman, Harald Øye, asking him not to attend.

      The letter, forwarded from Asensio, purportedly ran as follows:

      “I have been informed by Becancour Silicon Inc. that we have to make a choice between you attending the conference and Becancour Silicon Inc., GK Kropfmuhl and Q-Cells. As these companies have been long-time supporters of the conference, I have to inform you regretfully that you cannot attend the conference.”

      In his response, Asensio wrote that the request was a move to “oppress the free exchange of ideas” and offered to provide questions in writing or appear by phone or teleconference.

      “Timminco has gone to great lengths to appear to be open while refusing to provide the necessary support to substantiate [its] claims,” he wrote. “This I was looking forward to examining any new specifics in a forum where vague generalities should not be tolerated and where the claims’ veracity should be discussed.”

      Neither Øye nor Boisvert responded to calls or emails about the matter.

      But Robert Dietrich, chief financial officer and executive vice president for finance at Timminco, called Asensio’s attendance of the conference “a nonissue.”

      “In the grand scheme of things, this won’t change the world,” he said.

      Dietrich, who isn’t participating in the conference, was unable to confirm whether Becancour had asked for Asensio to be barred from the conference, as Øye’s letter states. But he said decisions about attendance were most likely to be up to the conference organizers, rather than the speakers.

      Still, Timminco is clearly no fan of Asensio’s.

      “We took grave exception to comments he made about our company,” Dietrich said. “It’s no secret that the interest of Manuel Asensio and the company are opposite. We have different interests – we are trying to run our business and he has an interest in being negative to our company. Why would we care too much about what he does or doesn’t do?”

      In the last couple of months, the company had announced silicon supply agreements with Calisolar, Canadian Solar, Q-Cells and Solar Power Industries (see Timminco Shares Down Despite Deal With Canadian Solar).

      In May, Timminco said that an independent review by Photon Consulting had verified its claims. Meanwhile, a story in the Globe and Mail that month suggested the stock could be overvalued.

      Earlier this month, Timminco filed a lawsuit against a fund manager, Ravi Sood, and his firm, Lawrence Asset Management, for libel after Sood allegedly called the company “virtually worthless” (see Timminco Sues for Libel). And the Financial Post reported that two enforcement agencies, the Ontario Securities Commission and the Integrated Market Enforcement Team, are investigating trading in Timminco shares.
      Avatar
      schrieb am 02.07.08 19:27:36
      Beitrag Nr. 189 ()
      http://www.asensio.com/Reports/ReportView.aspx?ReportId=889&…


      Muss sich jeder selbst ein Bild über den Laden machen. Riecht nach Kursmanipulation und einem satten Lügengebäude!
      Avatar
      schrieb am 02.07.08 20:52:39
      Beitrag Nr. 190 ()
      Meiner Meinung nach, wird der Kurs hier nach unten manipuliert, um wieder günstig einzusteigen. IMO
      Avatar
      schrieb am 03.07.08 08:12:40
      Beitrag Nr. 191 ()
      Antwort auf Beitrag Nr.: 34.424.990 von Bloodi767 am 02.07.08 20:52:39Meiner Meinung nach interessieren Deine erstaunlich selbstgefälligen Kurzanalysen wirklich keinen. Wer manipuliert Dich?

      Die Aktie ist noch massiv überbewertet. Mein Kurziel steht vorerst bei 15$. Ist kein weiter Weg mehr. Dann sehen wir weiter!
      Avatar
      schrieb am 03.07.08 08:53:36
      Beitrag Nr. 192 ()
      Antwort auf Beitrag Nr.: 34.426.730 von tartan am 03.07.08 08:12:40Die Bude kommt noch weiter runter. Man stelle sich vor, bis vor webnigen Monaten hat die Bude einen Kurswert von 0,20 und dann, ganz plötzlich von 35 und mehr ... so ganz ohne von der Presse wirklich bemerkt zu werden ... lachhaft. Das ist IHM ein fette Lügengebäude!
      Avatar
      schrieb am 03.07.08 11:17:59
      Beitrag Nr. 193 ()
      Antwort auf Beitrag Nr.: 34.426.730 von tartan am 03.07.08 08:12:40Sonst gehts Dir gut ? Jeder kann hier schreiben was er will.
      Dein Beitrag ist doch auch nur Müll. Super Analyse:>>
      Die Aktie ist noch massiv überbewertet. Mein Kurziel steht vorerst bei 15$.

      :laugh:
      Avatar
      schrieb am 03.07.08 22:32:17
      Beitrag Nr. 194 ()
      Antwort auf Beitrag Nr.: 34.428.456 von Bloodi767 am 03.07.08 11:17:59Die Aktie ist noch massiv überbewertet. Mein Kurziel steht vorerst bei 15$.

      Korrektur: mein mir gesetztes erstes Shortziel

      Bei Deinen komischen Ticks leidest Du bestimmt am Tourette-Syndrom!

      Geht auch ohne Smilie zum Schluss und erzeugt trotzdem Deine Reaktion, wetten?
      Avatar
      schrieb am 04.07.08 08:58:44
      Beitrag Nr. 195 ()
      Antwort auf Beitrag Nr.: 34.435.078 von tartan am 03.07.08 22:32:17Wozu gibt es Smileys? Also wenn Du zum Lachen in den Keller gehen musst, Dein Problem !

      Achja noch was, auf Deine 15$ kannste lange warten.
      Avatar
      schrieb am 04.07.08 09:01:18
      Beitrag Nr. 196 ()
      Antwort auf Beitrag Nr.: 34.436.138 von Bloodi767 am 04.07.08 08:58:44... Du wirst wohl unter 15 abgeben müssen! Die Bude erscheint höchstens1 1 $ Wert. Was da passiert stinkt zum Himmel!!!

      Wenn Assensio recht hat, und das hat er oft, sehr oft, dann knallt es gewaltig!
      Avatar
      schrieb am 04.07.08 09:29:28
      Beitrag Nr. 197 ()
      Antwort auf Beitrag Nr.: 34.436.162 von Kubanisch_Rauchen am 04.07.08 09:01:18Abwarten. ;) Kasten Bier das nicht.
      Avatar
      schrieb am 04.07.08 09:40:05
      Beitrag Nr. 198 ()
      Antwort auf Beitrag Nr.: 34.436.416 von Bloodi767 am 04.07.08 09:29:28ok
      Avatar
      schrieb am 10.07.08 21:23:43
      Beitrag Nr. 199 ()
      Jul 10, 2008 14:55 ET
      Timminco Announces Solar Grade Silicon Supply Agreement
      Formalized Agreement Builds on Existing Supply Relationship

      TORONTO, ONTARIO--(Marketwire - July 10, 2008) - Timminco Limited ("Timminco")(TSX:TIM) today announced that its wholly-owned subsidiary, Becancour Silicon Inc. ("BSI"), has signed an agreement to supply solar grade silicon to a leading global manufacturer of wafers for the solar photovoltaic energy industry. The agreement provides for shipments of approximately 1,150 metric tons of solar grade silicon through December 2009 (approximately 150 metric tons in 2008 and approximately 1000 metric tons in 2009). Shipments under the agreement are expected to commence in July 2008. BSI has been shipping solar grade silicon to this customer since the beginning of 2008 on a purchase order basis.

      "We are very pleased to formalize our relationship with this customer through the signing of this agreement," said Mr. Rene Boisvert, President and CEO of BSI. "They have been using our solar grade silicon to manufacture solar wafers since January of this year and, based on its success with our material, have chosen to secure supply for at least the next 18 months. Importantly, the agreement continues to demonstrate the utility and value of our material as a lower-cost alternative to polysilicon for the solar photovoltaic energy industry."
      Avatar
      schrieb am 14.07.08 17:41:08
      Beitrag Nr. 200 ()
      Avatar
      schrieb am 16.07.08 20:08:05
      Beitrag Nr. 201 ()
      ... der tiefe, tiefe Fall von 32T

      http://www.asensio.com/data/press/314.pdf


      Noch zwei Sachen und die Bude kippt!:D:cool:
      Avatar
      schrieb am 16.07.08 20:27:55
      Beitrag Nr. 202 ()
      Antwort auf Beitrag Nr.: 34.523.596 von Kubanisch_Rauchen am 16.07.08 20:08:05
      Kubaner, ich mag Asensio eigentlich, schon wegen der Turbodyne-Sache, wo er vor allem einigen deutschen Idioten-Zockern den Zahn gezogen hat. Und zwar mit dem Vorschlaghammer und ohne Betäubung.

      Aber mit Timminco kann er sich sehr gut vergaloppiert haben. Asensio erzählt die Story so, als ob eine "fast-pleite-Firma" behauptet, den Stein der Weisen gefunden zu haben und aus Sand Gold machen kann und niemand sonst kann es. Ja, das klingt nach einer typischen Betrugsstory. Und fast alles daran ist falsch. Denn es gibt keinen Stein der Weisen bei Timminco, sondern ein Verfahren, das so oder ähnlich auch andere beherrschen. Es geht auch nicht darum, dass man plötzlich Siemens-Si ohne Siemens-Reaktor erzeugt, sondern darum, dass UMG-Si und Zellprozess aufeinander zugehen. Beide Seiten bewegen sich und Timminco hätte nur Dreck in der Hand, wenn Q-Cells und andere sich nicht bewegen würden.

      Lange Rede kurzer Sinn - UMG-Si ist weder Spinnerei, noch Zauberei, sondern ein angewandte Materialwissenschaft, die in den Zeiten hoher Si-Preise von den Zellherstellern eine Chance bekommt. Ob Timminco die nutzen kann, ist ne zweite Frage. Werden wir sehen, wie die Skalierung klappt. Ich würd für Timminco zwar nicht die Hand ins Feuer legen, aber aus meiner Sicht hat Asensio im großen und ganzen diesmal die schlechteren Karten. Verlass Dich mal nicht zu sehr auf dessen Feeling. Wie gesagt, das meiste an der ganzen Story schätzt er vollkommen falsch ein.

      PS: Die Bewertung von Timminco ist noch ein anderes Thema.
      Avatar
      schrieb am 16.07.08 20:38:27
      Beitrag Nr. 203 ()
      Antwort auf Beitrag Nr.: 34.523.797 von SLGramann am 16.07.08 20:27:55Hast Du mal mit jemandem von Q-Cells gesprochen?
      Sicherlich ist UMG-Si keine Spinnerei, jedoch soll es Spinner geben die behaupten den Stein der Weisen in weniger als 6 Monaten ausgebuddelt zu haben wo andere, namenhafte, seit mindestens 2 Jahren buddeln!!!


      Ich meine: Noch zwei Sachen und die Bue ist fällig!!!:D
      Avatar
      schrieb am 19.07.08 10:09:14
      Beitrag Nr. 204 ()
      Antwort auf Beitrag Nr.: 34.523.596 von Kubanisch_Rauchen am 16.07.08 20:08:05
      Hallo Kubanischer Raucher,

      als unser Vorstand von ehemals Metallgesellschaft mag ja ein Spinner sein und Geldvernichter aber Betrug kann sich schimmelbusch nicht erlauben.

      Du bist ja auch im thread Solarvalue aktiv, kann es sein das der Reinheitsgrad bei Timminco für das metallurgische Silizium noch zu unrein ist ?

      grüsse

      Temba

      p.s. Du bist mir noch eine Anwort schuldig, was wurde gemunkelt?
      Avatar
      schrieb am 19.07.08 15:02:36
      Beitrag Nr. 205 ()
      Antwort auf Beitrag Nr.: 34.543.010 von sonamnorbu am 19.07.08 10:09:14Schuldig:confused:, wem bin ich was schuldig:confused: Ich bin niemandem etwas schuldig:D, höchstens mir, dass ich mehr Urlaub machen muss:cool::D
      Avatar
      schrieb am 22.07.08 18:53:58
      Beitrag Nr. 206 ()
      Avatar
      schrieb am 22.07.08 18:54:57
      Beitrag Nr. 207 ()
      In an article published by Stockwatch.com on July 2nd, the head of Timminco Limited’s (TSX: TIM $23.56) silicon division, Rene Boisvert, responded to questions from asensio.com on the company’s silicon purification process. Stockwatch.com forwarded questions from asensio.com to Boisvert, who provided answers. The answers, however, raise questions on its DSS use and purity claims.


      In a key question Boisvert was asked about one of the many problems faced by UMG Si producers, maintaining a furnace free of boron and phosphorous contamination. Boisvert responded, “We never disclosed the kind of refractory used in the furnace and reference to a ‘ceramic quartz crucible’ shows a total lack of understanding of metallurgy. Those crucibles are used in the ingoting process by our customers.” Boisvert’s response is dismissive and evasive, and most importantly, his statement to Stockwatch contradicts earlier statements.


      Though Boisvert told Stockwatch that ingoting was only done by Timminco’s customers, not by Timminco itself, Boisvert said that Timminco will be installing a directional solidification furnace for ingoting, according to the June edition of Photon International. The Photon article states “Timminco’s parent company AMG will install a directional solidification furnace in July…for making ingots.” Boisvert did not disclose who would pay for and own the DSS furnace, nor did he disclose who would absorb the operating cost.


      If Timminco is indeed to begin ingoting work itself, why would Boisvert not mention that in the June Stockwatch interview? Timminco should know the costs involved with operating a DSS furnace, particularly with crucible maintenance, yet Boisvert treats asensio.com’s question as if he knows nothing about it. Boisvert’s answers seem only to create more concerns for Timminco’s investors.
      Avatar
      schrieb am 22.07.08 18:56:35
      Beitrag Nr. 208 ()
      ... mal sehen wann die Bude wieder da ist, wo sie hin gehört:D

      Avatar
      schrieb am 23.07.08 08:50:08
      Beitrag Nr. 209 ()
      Antwort auf Beitrag Nr.: 34.563.041 von Kubanisch_Rauchen am 22.07.08 18:56:35:D Du bist ja echt ein Böser ! Kann mich erinnern das bei Solarvalue sehr gelästert wurde, als man Fortschritte in der Reduzierung von Boron mitteilte und darufhingewiesen wurde andere wie Timminco könnten das schon längst.

      Sag mal was ist aber mit den Samples z.B. von Q-Cells, alles Fake ?:eek::eek:
      Avatar
      schrieb am 23.07.08 09:16:31
      Beitrag Nr. 210 ()
      Antwort auf Beitrag Nr.: 34.566.268 von sonamnorbu am 23.07.08 08:50:08imho scheint timminco zur zeit ziemlichen mist zu bauen.

      vielleicht hat man samples aus testschmelzen gewinnen können, den kram den solarvalue auch probiert, und das dann qcells geschickt, aber im großen stil das hinbekommen ... das dauert und eine olle magnesiumbude dachte imhp, das kann man mal eben zack, zack machen, vor allem wo andere jahre basteln.

      man stelle sich vor sunways schreit auf einmal: wir haben ein lieferabkommen mit solarvalue über 3 gw wafer. dann wären die shares von solarvalue zackig mindestens 300-500 euros wert und sunways 50-60 euros (sww hat natürlich nicht die möglichkeit das zu verarbeiten, is scho klar).

      aber bis dahin ist es ein weg. es gibt noch andere buden die daran arbeiten, auch welche die finanztechnisch viel, viel besser ausgestattet sind als die, die hier bei wo besprochen werden und oder börsennotiert sind. Ich mach demnächst einen Sräd dazu auf, denn es gibt eine echte perle mit extremer kapitalausstattung dazu.
      Avatar
      schrieb am 23.07.08 09:59:01
      Beitrag Nr. 211 ()
      Antwort auf Beitrag Nr.: 34.563.010 von Kubanisch_Rauchen am 22.07.08 18:53:58Ich denke mal, dass langsam der Baum von Asensio fällt. Wer sich in der Metallurgie éinigermaßen auskennt und das Patent vernünftig lesen kann, merkt schnell, dass die Antworten von Boisvert auf Asensios Fragen sehr clever sind.
      Der Prozess von Timminco hat sicherlich auch seine Anfahrschwierigkeiten, aber er funktioniert. Man muss sich einfach mal damit abfinden: UMG-Si ist verfügbar, immer mehr Hersteller fahren erfolgreich ihre Produktion hoch, wobei Timminco natürlich einen gewaltigen Zeitvorteil hat und sich jetzt schön die Langfrist-Lieferverträge sichern kann.
      UMG wird Polysilicium nicht ersetzen, aber ein zusätzliches Produkt nebenher sein. Die Skeptiker werden auch langsam Ruhe geben müssen.
      Natürlich sind auch noch einige schwarze Schafe unterwegs und Asensio hätte sich mal lieber auf Buden wie Solarvaue stürzen müssen, denn da scheinen Anleger wirklich verarscht zu werden.
      Avatar
      schrieb am 23.07.08 10:09:29
      Beitrag Nr. 212 ()
      Antwort auf Beitrag Nr.: 34.566.825 von capgap am 23.07.08 09:59:01ausweichende antworten als clever darzustellen ... imho: ich bin gespannt, wann sich ein richter solch cleveren antworten beschäftigt. die bude stinkt gewaltig.
      schon klar, das asensio ein blutiger anfänger ist:laugh:, deswegen hat er so viel erfolg.


      baum fällt

      auf solarvalue kann er sich ja auch stürzen um 10 mio satatt 200 zu generieren:laugh::laugh::laugh:


      timminco wird fallen! imho: die bude stinkt
      Avatar
      schrieb am 23.07.08 10:15:30
      Beitrag Nr. 213 ()
      More Questions Surrounding Timminco’s Contracts and DSS Claims

      In the June edition of Photon International, Rene Boisvert, the head of Timminco Limited’s (TSX: TIM $23.70) subsidiary Becancour Silicon, states that Timminco's customers are “declining to return the more highly contaminated ingot tops and tails for extra credit offered by Timminco.” This statement raises questions not only on the purity of Timminco’s product, but also on the nature of Timminco’s customer relationships. It also raises questions about Timminco’s sales recognition and accounting of the liability to pay customers the “extra credit.”


      As reported yesterday on asensio.com (see “Timminco’s Boisvert Makes Questionable Statements on DSS”), the Photon article also included a statement that Timminco would be having its own DSS furnace installed for ingoting. Who might purchase the DSS furnace? What are the added costs associated with it? How will DSS processing impact existing contracts? Does adding DSS processing mean Timminco’s earlier purity claims about its rotary oxy-fueled furnace have changed?

      http://www.asensio.com/Reports/ReportView.aspx?ReportId=894&…
      Avatar
      schrieb am 23.07.08 10:17:16
      Beitrag Nr. 214 ()
      This statement raises questions not only on the purity of Timminco’s product, but also on the nature of Timminco’s customer relationships

      scheint ja eine professionelle bude zu sein
      Avatar
      schrieb am 23.07.08 11:00:28
      Beitrag Nr. 215 ()
      Antwort auf Beitrag Nr.: 34.566.978 von Kubanisch_Rauchen am 23.07.08 10:17:16Vieleicht sollte man mal darüber nachdenken, dass ein Ingot-Ofen (DSS-equipment) auch rein analytische Funktion bei der Herstellung von UMG-Si haben kann.
      Man kann zwar schön den Bor und Phosphorgehalt mittels Laboranalytik kontrollieren. Interessanter für die Zellenhersteller ist aber eine Widerstandsmessung am Ingot. Was liegt da näher als stichprobenartig Ingots herzustellen und die Qualitätssicherung dadurch zu bereichern.
      Avatar
      schrieb am 23.07.08 11:41:17
      Beitrag Nr. 216 ()
      Antwort auf Beitrag Nr.: 34.566.911 von Kubanisch_Rauchen am 23.07.08 10:09:29Hi Kubaner,


      ich lese Deine Postings seit einiger Zeit aufmerksam, aber frage mich was genau Du meinst.

      Was sind die Argumente, die Dich dazu bewegen, TIM für einen Fake (oder meinst Du das gar nicht?) zu halten?

      Was ich bisher verstanden habe, ist

      -Asensio sagt, daß TIM Fake ist
      -es kann nicht sein, daß TIM eine bessere Idee hat, als andere

      War das alles, oder habe ich nochwas übersehen?
      Avatar
      schrieb am 23.07.08 12:05:10
      Beitrag Nr. 217 ()
      Antwort auf Beitrag Nr.: 34.567.910 von meinolf67 am 23.07.08 11:41:17das mit der besseren idee kannst du ihmho in die tonne kloppen, oder glaubst du das die anderen anfänger sind. ausgerechnet die bude um heinz schimmelbusch soll den stein der weisen gefunden haben. tut mir leid, aber das ist imho ebenfalls für die tonne

      man beachte #7!

      http://en.wikipedia.org/wiki/List_of_trading_losses


      kann sein das die bude geht, ich halte die wahrscheinlichkeit inwischen für minimal da zu viel ungereimtheiten auf dem tisch liegen und die bude nichts wirkliches dagegen unternimmt. man stelle sich vor, die laden asensio aus ihrer komischen konferenz aus:laugh: haben die angest er könnte den imho schmarrn aufdecken, warum die ausweichenden antworten, aktionäre sollten hier sicherheit von ihrer bude erfahren dürfen:D

      baum fällt!
      Avatar
      schrieb am 24.07.08 08:39:07
      Beitrag Nr. 218 ()
      Antwort auf Beitrag Nr.: 34.568.166 von Kubanisch_Rauchen am 23.07.08 12:05:10
      Kubaner,

      ich denke mal nicht, dass sich Meinolf diese Aussage, dass Timminco eine grundsätzlich bessere Idee als alle anderen hätte, zu eigen machen wollte. Es ist schließlich Asensio der sagt, dass es unwahrscheinlich sei, dass Timminco etwas kann, was sonst niemand kann.

      Jenseits von Asensio ist es indes wohl ziemlich Konsens, dass UMG-Si etwas ist, dessen Grundlagen die ganze Welt versteht und dessen Produktion viele grundsätzlich beherrschen und einige in hinreichender Qualität demnächst in den Industriemaßstab skalieren wollen. Timminco hat einen Zeitvorsprung von vielleicht 6 bis 12 Monaten. Mehr behauptet ernsthaft kein Mensch.

      Wenn bei Timminco nichts geht, wie geht dann so etwas?

      " JIANGSU and JIANGXI, China, July 15 /Xinhua-PRNewswire/ -- Canadian Solar Inc. (''the Company'', ''CSI'' or ''we'') (Nasdaq: CSIQ) today announced a 9MW sales agreement for its e-Modules with Conergy USA, a global leader in renewable energy solutions. The contract runs for 12 months until June 2009 and delivery will start this month."

      Allerdings gebe ich zu, dass ich bisher von CSI noch kein Datenblatt für die e-Module gesehen habe.

      Wie auch immer, die nächsten Quartalszahlen werden in etwa 3 Wochen kommen und wir werden dann insbesondere zum ramp-up der Produktion neue Daten haben und sehr viel mehr über Timminco wissen.

      PS: Zum derzeitigen Kurs interessiert mich Timminco als Investment nicht, aber für die PV-Branche ist ein Erfolg von UMG-Si außerordentlich wichtig.
      Avatar
      schrieb am 24.07.08 10:34:50
      Beitrag Nr. 219 ()
      Antwort auf Beitrag Nr.: 34.568.166 von Kubanisch_Rauchen am 23.07.08 12:05:10Genau das meine ich:

      "...oder glaubst du das die anderen anfänger sind. ausgerechnet die bude um heinz schimmelbusch soll den stein der weisen gefunden haben. tut mir leid, aber das ist imho ebenfalls für die tonne"

      Die Essenz dieses "Arguments" ist, daß jemand (=TIM) etwas nicht schaffen kann, weil es sonst noch niemand (oder zumindest noch nicht viele) geschafft hat.

      Und was Heinz Schimmelbuschs Vergangenheit damit zu tun haben soll ist mir total schleierhaft. Er ist sicher nicht der Entwickler.

      Und Deine "Ungereimtheiten" kommen bisher ausschließlich von Asensio.

      Meine Arbeitshypothese aufgrund der bisher von Dir getätigten Aussagen:

      -Du hast ein Problem mit Schimmelbusch (Vielleicht mal in MG investiert)
      -???


      PS:
      möchte betonen, daß ich mir auch alles andere als sicher bin, OB TIM wirklich Erfolg haben wird.
      Nur helfen Deine Ergüsse nicht ein Jota für die Klärung dieser Frage.
      Avatar
      schrieb am 24.07.08 10:47:55
      Beitrag Nr. 220 ()
      Antwort auf Beitrag Nr.: 34.575.762 von meinolf67 am 24.07.08 10:34:50Du hast ein Problem mit Schimmelbusch (Vielleicht mal in MG investiert)

      naja, das, geschätzter meinolf, ist persönlich, sowas kenne ich nicht von dir. wenn ich das jetzt weiter denke hast du angst um deine gewinne und die zukünftigen.

      natürlich weiss ich nicht mehr als asensio, der weiss wahrscheinlich wesentlich mehr als alles was sich hier bei wo tummelt und weil asensio nicht so einfach eine bude fertig machen will glaube ich auch nicht das da kein feuer ist wo rauch ist!

      ich bleibe dabei, baum fällt weil zu viele ungereimtheiten im raum stehen! möge tim mich eines besseren belehren, aber ich glaube nicht daran. die bude riecht etwas streng für mich.

      was schimmelbusch angeht ... vergangenheit bleibt vergangenheit. so leicht wird er seine ihmo vergangehit nicht abgestreift haben.

      tim geht down!
      Avatar
      schrieb am 24.07.08 11:03:39
      Beitrag Nr. 221 ()
      Antwort auf Beitrag Nr.: 34.575.890 von Kubanisch_Rauchen am 24.07.08 10:47:55Disclosure:

      long in TIM
      Kauf 10 Stück am 7.11.2007 zu 11,10
      Kauf 40 Stück am 2.4.2008 zu 14,80


      so viel zu meiner "Angst"; wenn Du Dir mal alle meine Postings in diesem Thread durchliest, dann wirst Du sehen, was diese Hypothese wert ist.


      Ansonsten ein Punkt für Dich, Weil es Dir offenbar gelungen ist, Dein Primärziel zu erreichen: andere zu ärgern

      Mich regen unsubstantiierte Vagheiten einfach auf. Und was Asensio schreibt, werde ich auch weiterhin einstellen, wenn ich es vor Dir sehen sollte. Der schreibt wenigstens was Eigenes.


      Wir können gerne weiterdiskutieren, wenn Du mal was mit Substanz von Dir gibst; bis dahin: gehab' Dich wohl
      Avatar
      schrieb am 24.07.08 11:16:16
      Beitrag Nr. 222 ()
      Antwort auf Beitrag Nr.: 34.576.080 von meinolf67 am 24.07.08 11:03:39naja, ich will mich nicht mir dir streiten, ich habe auch keinen streit mit dir begonnen, ich poste hier meine meinung, gestützt auf asensions recherchen, wenn du das als ärgern bezeichnest ... da kann ich nichts machen. es sind also die unsubstantiierte vagheiten asensios die dich einfach aufregen, soso ... wenn ich zynisch werde, sage ich: jeder zieht sich den schuh an, der ihm passt, aber, wie vorher schon gesagt, ich schätze dich, aber schätzt du dich auch?

      ich will hier nichts psychologisieren

      ansonsten denke ich, das ewige einstellen von news nicht gerade von eigener recherche und substanz zeugt.


      schade das du dich auf dieses niveau begibst, aber so kann man sich versehen. gleiches gilt möglicherweise für tim

      meine meinung: baum fällt!!! 2 mdr mk bei so schwammigen aussagen ... ein bisschen viel, findeste nicht:)
      Avatar
      schrieb am 24.07.08 11:23:44
      Beitrag Nr. 223 ()
      Was ich bisher verstanden habe, ist

      -Asensio sagt, daß TIM Fake ist
      -es kann nicht sein, daß TIM eine bessere Idee hat, als andere
      Avatar
      schrieb am 24.07.08 11:28:20
      Beitrag Nr. 224 ()
      Antwort auf Beitrag Nr.: 34.576.299 von meinolf67 am 24.07.08 11:23:44imho

      asensio sagt nicht, das tim ein fake ist, er zeigt ungereimtheiten auf und diese publiziert er. wenn du mir eine stelle zeigen kannst in der er klar sagt, das es ein fake ist höre ich auf hier zu posten.

      es kann sein, das tim den stein der weisen gefunden hat, aber killeraplikationen gab es schon in der dotcomblase, den erfolg sah man später ...
      Avatar
      schrieb am 24.07.08 11:30:41
      Beitrag Nr. 225 ()
      hatten wir zwar schonam, kann aber nicht schaden das nochmal zu lesen

      http://www.asensio.com/TIM/GT62408.pdf
      Avatar
      schrieb am 24.07.08 11:44:10
      Beitrag Nr. 226 ()
      Antwort auf Beitrag Nr.: 34.576.339 von Kubanisch_Rauchen am 24.07.08 11:28:20es kann sein, das tim den stein der weisen gefunden hat, aber killeraplikationen gab es schon in der dotcomblase, den erfolg sah man später ...

      Nochmal: Die Herstellung von UMG-Si hat nichts mehr mit dem Stein der Weisen zu tun. Das Material ist verfügbar, wird eingesetzt und die ersten Ergebnisse sind nicht schlecht (Steigerungen möglich).
      Timminco kann es, Elkem kann es und es werden immer mehr. Das ist Fakt, da die ersten Tonnagen physisch über den Tisch gehen.

      Erstaunlich ist für mich, wie du an Timminco, die Tatsachen produzieren, so rumnörgeln kannst und auf der anderen Seite von Solarvalue, die in Ruse bekannterweise eine leere Halle bzw. einen kaputten Ofen besitzen, so überzeugt sein kannst. Du wirst es schon wissen, warten wirs ab.
      Avatar
      schrieb am 24.07.08 11:52:50
      Beitrag Nr. 227 ()
      Antwort auf Beitrag Nr.: 34.576.521 von capgap am 24.07.08 11:44:10Danke capgap!!!!

      Jetzt habe ich es kapiert; in so 'nem Müllthread wie Solarvalue treibe ich mich gar nicht mehr rum, deswegen wußte ich auch nicht, was KR da postet.

      So was von billig.

      Schon lustig, das manchen echt nichts peinlich ist.

      Naja, ist ja Meinungsfreiheit...:laugh:
      Avatar
      schrieb am 24.07.08 11:56:22
      Beitrag Nr. 228 ()
      Antwort auf Beitrag Nr.: 34.576.521 von capgap am 24.07.08 11:44:10ich bin von solarvalue überzeugt? wo hast du das denn her?

      jetzt werden mir, als kritiker sogar unterstellungen gemacht:eek:

      ich staune nicht schlecht über das, was hioer ab geht.

      nochmal zu nachbuchstabieren:

      ich teile hier meine meinung mit imho: in my honest opinion!!!


      ... und, kann es tim wirklich? quelle bitte!!! extern natürlich, nicht intern, da kann alles möglich vorgewiesen werden!
      ... und, warum haben die so viel angst vor asensio wenn doch alles gut geht?

      imho: baum fällt!!!
      Avatar
      schrieb am 24.07.08 11:58:34
      Beitrag Nr. 229 ()
      Habe die letzte Stunde den CC von MEMC gestern abend angehört.

      Ist auch für hier insoweit interessant, als daß

      -auch MEMC große Probleme mit dem Ramp von SiH4 und FBR hat => wir werden wohl noch viel von solchen Problemen hören (bei börsennotierten) oder nicht hören von Produktionserfolgen (bei nicht börsennotierten)

      -auf die Frage nach umg-SI wurde sinngemäß geantwortet: "die MArgen für die Zellhersteller sind am Ende gleich; why bother about umg-SI?"

      -es gab ein (für mich) neues Motiv: Wenn ein zukünftig etwaig deutlich niedrigerer Spotpreis so weit unter dem contract-price liegt, daß es sich lohnt auf die vorauszahlungen zu verzichten, dann werden die Verträge gebrochen werden; ABER

      -diese Preise müßten signifikant unter 50$ liegen und damit wäre grid-parity ereicht, was wiederum die Nachfrage beflügeln würde...
      Avatar
      schrieb am 24.07.08 11:59:21
      Beitrag Nr. 230 ()
      Antwort auf Beitrag Nr.: 34.576.628 von meinolf67 am 24.07.08 11:52:50tja meinolf, jetzt bist du wieder persönlich geworden, schade, bist eben doch nicht der solar-fachmann für den du dich hälst, schade schade

      koper weiter deine "news" in sräds und stell dich als fachmann dar!

      wenn du mitstreiter hast, dann fühlst dui dich stark, dann kommen deine fachlichen qualitäten durch:laugh:


      imho, baum fällt!!!
      Avatar
      schrieb am 24.07.08 12:03:52
      Beitrag Nr. 231 ()
      Despite Q-Cells' best efforts to convince listeners otherwise, it was difficult for callers to find any factual basis in Q-Cells' unsupported opinions and inconsistent claims. At one point during the call Mr. Milner defensively claimed that "metallurgical grade silicon is very, very old, it's older than polysilicon" yet he failed to tell his audience that despite billions of dollars and decades of research, it has never been used to commercially produce efficient solar cells.


      Under further scrutiny, Q-Cells' executives refused to provide any specific processing results, any customer that was willing to guarantee a metallurgical grade silicon product, or any other vital figures necessary to verify their claims.


      Instead when confronted with the inconsistencies in given statistics the CEO said the numbers were “off the top of my head” and when asked for details he said the company will "never" make such disclosures.

      http://asensio.com/Reports/ReportView.aspx?ReportId=836&Comp…

      q-cells, die nächste conergy:confused:



      mögen die lemminge in frieden ruhen
      Avatar
      schrieb am 24.07.08 14:10:56
      Beitrag Nr. 232 ()
      LDK hat viele verschiedene Umg-Si getestet (siehe Mega-Slide-Show July 2008) und meint, dass nur drei Quellen nutzbares Zeug hatten. Wer die wohl sind?

      Und jetzt weiter Butter bei die Fische. :D
      Ich habe weder was von Timminco´s Zeug in der Hand gehabt, noch kenne ich so jemanden. Ich habe also keine Ahnung, was da adgeht.
      Avatar
      schrieb am 24.07.08 14:24:33
      Beitrag Nr. 233 ()
      Antwort auf Beitrag Nr.: 34.576.665 von Kubanisch_Rauchen am 24.07.08 11:56:22ich bin von solarvalue überzeugt? wo hast du das denn her?

      Post-Nr. #3547
      Avatar
      schrieb am 24.07.08 14:43:25
      Beitrag Nr. 234 ()
      Antwort auf Beitrag Nr.: 34.578.168 von capgap am 24.07.08 14:24:33Wenn Du jetzt noch die wirklichkeit abbilden wprdest, dann könnte ich dir glauben schenken, aber das tust du nicht. deswegen ist es eine unterstellung und schon etwas unglücklich für dich!


      3547 von Kubanisch_Rauchen 11.07.08 18:23:15 Beitrag Nr.: 34.491.275
      Dieses Posting: versenden | melden

      Folgende Antwort bezieht sich auf Beitrag Nr.: 34.491.178 von sonamnorbu am 11.07.08 18:10:32
      Scheint so zu sein. Schon seit mindestens einem Jahr ist das hier so. Die wenigen die positiv waren wurden verjagt.
      Ich hab mir vorgestern ebenfalls ein großes Stück von der Torte geschnappt. Hab da was klingeln gehört, was mir sehr gut passte


      ich kann nicht lesen, dass ich von solarvalue überzeugt bin.

      vielleicht bis du es:p? ich habe geschrieben, HIER in dem sräd der tim tom bude, dass asensio sich von mir aus auch über diese bude hermachen kann:laugh::D

      ich sach noch, gib dem kind kein fisch ... und getz, schuppen, gräten, gestank:)


      nichts für ungut, aber die fakten solle man schon im auge behalten ..


      peinliche vorstellung hier!



      imho: baum fällt runter mit der bude. max 10 can$, und das ist schon zu viel!
      Avatar
      schrieb am 24.07.08 22:18:28
      Beitrag Nr. 235 ()
      Antwort auf Beitrag Nr.: 34.574.745 von SLGramann am 24.07.08 08:39:07
      Allerdings gebe ich zu, dass ich bisher von CSI noch kein Datenblatt für die e-Module gesehen habe.



      Aufgrund eines Photos in der neuen SWW könnte das CSI-Modul (auch) aus Timmincos UMG-Si das mit der Bezeichnung CS6A sein. Der Modulwirkungsgrad liegt bei 12,3%. Das würde also durchaus passen.
      Avatar
      schrieb am 30.07.08 19:16:16
      Beitrag Nr. 236 ()
      Antwort auf Beitrag Nr.: 34.578.378 von Kubanisch_Rauchen am 24.07.08 14:43:25Wann gibts meinen Kasten Bier? ;) Setz mal nen Zeitpunkt ! :D
      Avatar
      schrieb am 30.07.08 23:15:20
      Beitrag Nr. 237 ()
      Timminco Confirms Extension of Solar Grade Silicon Supply Agreement With Q-Cells

      TORONTO, ONTARIO--(Marketwire - July 30, 2008) - Timminco Limited ("Timminco")(TSX:TIM) today announced that the existing solar grade silicon supply agreement between its wholly-owned subsidiary, Becancour Silicon Inc. ("BSI"), and Q-Cells AG ("Q-Cells")(FRANKFURT:QCE) has been formally extended for 2010 through 2013, with deliveries of 6,000 metric tons per year, as anticipated in the initial announcement of the agreement on March 26, 2008. Pricing for deliveries in the years 2008 to 2010 is fixed, and for the years 2011 to 2013 will be based upon market conditions, within a fixed floor to ceiling price range. Q-Cells is the world's largest manufacturer of solar cells.

      http://www.marketwire.com/press-release/Timminco-Limited-TSX…
      Avatar
      schrieb am 11.08.08 15:27:56
      Beitrag Nr. 238 ()
      Timminco an schwachen Tagen einsammeln

      11.08.2008
      Hot Stocks Investor

      Endingen (aktiencheck.de AG) - Die Experten von "Hot Stocks Investor" empfehlen, die Timminco-Aktie (ISIN CA8874041012 / WKN 871433) an schwachen Tagen einzusammeln.

      Es sei bekannt geworden, dass Q-Cells den laufenden Abnahmevertrag mit den Kanadiern auf die Zeitspanne 2010 bis 2013 ausgedehnt hätte und jährlich 6.000 metrische Tonnen Silizium bestellt hätten. Damit sei nun unter Beweis gestellt worden, dass das hergestellte Silizium den höchsten Ansprüchen für die Fertigung von Solarzellen genüge.

      Die Analysten von Clarus Securities hätten den Vertrag nun in ihre Schätzungen eingearbeitet und daraufhin die Prognosen spürbar erhöht. Für 2010 würden sie nun einen Umsatz von 836 Mio. Kanadische Dollar (CAD) und einen Nettogewinn von 3,15 CAD je Aktie erwarten. Daraus lasse sich ein KGV von 7,6 ableiten. Das Kursziel hätten sie von 40 auf 50 CAD angehoben. Die Analysten von CIBC World Markets und der National Bank Financial sähen das Kursziel bei 30 bzw. 30,50 CAD.

      Strategische Investoren sollen an schwachen Tagen einige Stücke der Timminco-Aktie einsammeln, raten die Experten von "Hot Stocks Investor". (Ausgabe 15 vom 11.08.2008) (11.08.2008/ac/a/a)
      Avatar
      schrieb am 11.08.08 20:00:48
      Beitrag Nr. 239 ()
      Heute scheint so ein schwacher Tag zu sein?! ;)

      Wann kommt der große Zacken nach oben? So wie die letzten Male auch immer? Sind Kurse Wiederholungstäter? Kaufen?
      Avatar
      schrieb am 11.08.08 20:33:05
      Beitrag Nr. 240 ()
      Antwort auf Beitrag Nr.: 34.703.001 von UWR_Kerl am 11.08.08 20:00:48

      :cool:

      das ist jetzt ein Glücksspiel. Um 17.00 Uhr Lokalzeit kommen die Q2-Zahlen...


      gasadi :rolleyes:
      Avatar
      schrieb am 11.08.08 21:41:09
      Beitrag Nr. 241 ()
      Antwort auf Beitrag Nr.: 34.703.287 von gasadi am 11.08.08 20:33:05Zahlen kommen 16:30 Uhr.

      Telefonkonferenz kommt um 17:00 Uhr.

      Hoffe dass die Zahlen gut ausfallen, und dass sie mit ihrer Jahresproduktion im Plan liegen. Habe mir welche ins Depot genommen, mal schauen... :rolleyes:

      Nicht nur 100 Tonnen, wie im letzten Quartal.

      Jetzt müssen sie echt beweisen, dass ihre Behauptungen und Studien nicht nur heisse Luft sind.
      Avatar
      schrieb am 12.08.08 00:07:58
      Beitrag Nr. 242 ()
      Hört Ihr noch, oder schlaft Ihr schon?!

      LDK ist grade vorbei. Mich würde aber dennoch interessieren, was hier geht.

      später Gruß
      UWR_Kerl
      Avatar
      schrieb am 12.08.08 00:23:23
      Beitrag Nr. 243 ()
      Habe grade doch mal reingehört:

      Mann, Mann. So schlecht Englisch kann ich auch sprechen.

      222MT
      65$/kg

      Dann wird alles gutgeredet, aber ich geh jetzt ins Bettchen.
      Die ersten Minuten klangen nicht so toll. Der Ramp-Up ist wohl schwieriger als erwartet.

      P.S. Ich habe nur die ersten 5 min gehört.
      Avatar
      schrieb am 12.08.08 01:39:41
      Beitrag Nr. 244 ()
      Die Zahlen sehen auf den zweiten Blick besser aus, als auf den ersten.
      Ich habe mich erst ein wenig erschrocken bei den EPS von $-0.07.

      Zieht man die Kosten aus der Schließung der Magnesium-Sparte ab, dann sind wir bei EPS von $ 0.027. Also besser als die allgemeinen Erwartungen von $0.01.

      Positiv:

      -Durchschnittlicher Preis von $65 pro Kilo
      -Probleme bei der Inbetriebnahme neuer Maschinen überwunden und trotz Problemen die erwarteten EPS geschlagen
      -Weitere Verbesserung in der Produktion vorgenommen
      -Schließung der Magnesium-Sparte (Kostenersparnis 5 Mio $)

      Negativ:

      -221 MT (Gesamt 321 MT in 2008), ob das Ziel von 1200 - 1500 in diesem Jahr erreicht werden kann?
      -ob man jemals an die 14.400 MT p.a. kommen wird?

      Das Positive überwiegt doch etwas. Denke, dass die zuletzt unter Druck geratene Aktie sich wieder gen 15-17 EUR aufmachen wird.
      Avatar
      schrieb am 12.08.08 14:38:18
      Beitrag Nr. 245 ()
      August 11, 2008

      CEO Schimmelbusch Cited As a Reason for Timminco Short Sale

      Francois Parenteau, a Canadian hedge fund manager, has taken a short position in Timminco Limited (TSX: TIM $21.23), as he stated in an interview with Value Investor Insight published July 31. Parenteau discusses five reasons for skepticism about Timminco. He states that "[Timminco's] CEO is a guy named Heinz Schimmelbusch, who was the CEO of the German conglomerate Metallgesellschaft when it almost went bankrupt after losing a huge amount of money on speculative bets on oil futures." For the full Value Investor Insight article, click here.


      Scrutiny of publicly available documents reveals that the losses at Metallgesellschaft AG ("MG") were not limited only to "speculative bets on oil futures." MG also sustained large losses related to its investment in an oil refinery through a relationship with a publicly traded U.S. micro-cap, Castle Energy Corp. ("Castle").


      Heinz Schimmelbusch was Chairman of the Executive Board at MG when it initiated a relationship with Castle in 1989. He remained Chairman, until MG, nearly bankrupt as a result of losses sustained in a series of controversial dealings, fired him in 1993 Of MG's $1.6 billion in total irregular losses, approximately $685 million, or 41%, resulted from MG’s relationship with Castle (See Exhibit A, pages 1 and 5).


      MG was a company with $16 billion in annual revenues. (See Exhibit B). Castle, on the other hand, only had a book value of $7 million, a market capitalization of approximately $9.3 million (total enterprise value of $12.1 million), and annual revenues of $6.5 million in 1988, prior to its involvement with MG. (See Exhibit C). Castle's primary business was the management of limited partnerships in oil and gas production.


      In 1989 Castle purchased an oil refining plant, the Indian Refinery, which had been shut down by Texaco in 1985. Castle paid $5 million in cash for the refinery (See Exhibit D). According to a certified English translation of an action filed by MG against Schimmelbusch in Frankfurt in February 1995, which was filed by MG in a related lawsuit brought by Schimmelbusch in New York, MG Corp. provided Castle with the cash for the purchase of the refinery through stock purchases (See Exhibit A, page 3). MG also made a commitment to "obtain or itself provide…a letter of credit facility" for the refinery's feedstock, as stated in Castle's 1989 10-K (See Exhibit E). In 1990, MG provided $32 million of financing for the refinery's startup costs (See Exhibit F).


      Castle had not been involved in the oil refining business prior to the acquisition. However, Castle management stated in 1989 that it expected 90 to 95% of the company's future revenues to come from refining, once the refinery was operational (See Exhibit G).


      Castle's refining operations lasted from 1990 to 1995. In addition to the Indian Refinery, Castle acquired another refinery, the Powerine Refinery, in 1993 from MG (See Exhibit H). MG signed Offtake Agreements to buy Castle's refinery output, where "the prices received by Powerine and IRLP [Indian Refinery] for their refined product output under the Offtake Agreements were significantly higher than the prices that would have been obtainable selling refined products in the market…the refining segment would have incurred a loss for fiscal 1994 absent the Offtake Agreements" (See Exhibit I).


      The Offtake Agreements created losses for MG and profits for Castle (See Exhibit A, page 2). In 1994 MG reached a settlement with Castle to end their relationship and to terminate the Offtake Agreements. Castle stopped operating both refineries in 1995 (See Exhibit H).


      Castle’s revenues from MG totaled approximately $1.8 billion from 1991 to 1994 (See Exhibit J). This represents 87% of Castle’s total revenue over the same period. The cumulative income Castle received on sales to MG amounted to $376 million (See Exhibit J). Castle reported a separate $396 million "Gain on MG Settlement" on its 1995 Cash Flow Statement (See Exhibit K). This amounts to a total direct gain for Castle in its MG dealings of approximately $772 million during the five year period it was involved with MG (See Exhibit J).


      Castle listed the value of its refining plants at $295 million in its 1994 balance sheet. After the 1994 settlement with MG, Castle wrote down the value of the refining plant to $10.8 million, listed as the "estimated realizable value" (See Exhibit K). The settlement extinguished Castle's debt to MG (See Exhibit C). Castle’s long-term liabilities decreased by $310 million from 1994 to 1995 (See Exhibit K). MG also surrendered to Castle approximately 4.6 million shares of Castle stock (See Exhibit L). Beyond this, Castle received a $10 million note from MG (See Exhibit K). MG was thus able to extract itself from its relationship with Castle.


      Castle's stock price rose sharply when the involvement with MG started. The price per share went from a low of $2.50 at the start of 1989 to $9.25 at the end of 1989 (See Exhibit M). By 1994, the stock price had gone to a high of $25.00 per share (See Exhibit N).


      In 1994 Castle's enterprise value reached $556 million. In 1995, following the settlement with MG, Castle's enterprise value went down to $109.6 million.


      MG’s action alleges "an express quid pro quo" for the signing of the Offtake Agreements with the granting of options on Castle stock to MG employees. The action states that Castle issued 600,000 options to four employees of MG’s U.S. entities (See Exhibit A, page 4).


      According to MG's action, MG had a direct loss of $423.1 million from the settlement with Castle and $262.5 million from the Offtake Agreements with Castle (See Exhibit A, page 5). Thus MG's total losses from involvement with Castle amounted to $685.6 million.

      http://www.asensio.com/Reports/ReportView.aspx?ReportId=905&…

      August 11, 2008

      Schimmelbusch's Past Cited in Stockwatch and Value Investor Insight

      Hedge fund manager Francois Parenteau discusses his reasons for taking a short position in Timminco Limited's (TSX: TIM $21.23) stock in the July 31st edition of Value Investor Insight. Among the five reasons for Parenteau's skepticism about Timminco are the past dealings of Timminco's CEO, Heinz Schimmelbusch. Parenteau says that Schimmelbusch "was the CEO of the German conglomerate Metallgesellschaft when it almost went bankrupt after losing a huge amount of money on speculative bets on oil futures." To read the Value Investor Insight article, click here.


      Schimmelbusch is also cited in a July 31st article on Stockwatch.com, "Timminco Tells One Expansion Story, AMG Tells Another." Stockwatch characterizes Schimmelbush as "a busy cosmopolitan executive with roles in a number of ventures." Stockwatch also states that "Mr. Schimmelbusch headed German giant Metallgesellschaft AG until he was ignominiously ousted amid a $1.4-billion scandal in 1993." To read the Stockwatch.com article, click here.


      Taking a deeper look at what happened at Metallgesellschaft AG ("MG") reveals that, in fact, a large part of MG's losses came from its multi-layered dealings with a single Philadelphia-area micro-cap company. While Schimmelbusch was Chairman of the Executive Board at MG, MG established an unusual relationship with Castle Energy Corp. ("Castle").


      During this time, Castle’s trading with MG represented 87% of Castle's total revenues. Castle's total gain from its dealings with MG, including proceeds from a settlement with MG, was approximately $772 million. A certified English translation of an action filed by MG against Schimmelbusch in Frankfurt in February 1995, which was filed by MG in a related lawsuit brought by Schimmelbusch in New York, states that MG's losses related to Castle were approximately $685 million. After Castle's relationship with MG ended, Castle wrote down the value of its refining plant from $295 million to $10 million.


      asensio.com has compiled a report based on publicly available documents detailing the deal between MG and Castle Energy, and the losses MG sustained with Castle Energy.


      To read the report on Castle Energy, titled “CEO Schimmelbusch Cited As a Reason for Timminco Short Sale,” with supporting exhibits, click here.

      http://www.asensio.com/Reports/ReportView.aspx?ReportId=904&…
      Avatar
      schrieb am 12.08.08 14:39:58
      Beitrag Nr. 246 ()
      August 04, 2008

      Stockwatch Reports Conflicting Stories on Timminco’s Financing

      An article published by Stockwatch.com on July 31st raises questions regarding Timminco Limited’s (TSX: TIM $23.00) financing for the planned expansion of its Becancour Silicon plant. In February Timminco announced its plan to spend $65 million to expand the Becancour facility. The investment would reputedly take Becancour from 3,600 metric tons of production capacity to 14,400 metric tons by mid-2009.


      Stockwatch points out that there are conflicting stories on how the $65 million is being financed. AMG Advanced Metallurgical Group N.V. (AMS: AMG €50.27), Timminco’s majority shareholder, has stated that the expansion will be “funded by capital raise.” On the other hand, Timminco’s first-quarter regulatory filings state that the expansion will be funded from “cash on hand, solar grade customer deposits, cash flow from operations and the company’s credit facility.” For the quarter ended March 31, Timminco’s financial statements only show cash and marketable securities totalling $11.3 million and available credit of $8.6 million.


      When the Stockwatch reporter wrote to Robert Dietrich, Timminco’s CFO, to ask whether the expansion was fully funded as a result of the capital raised last year, Dietrich responded, “Yes.” And that is all he bothered to write.


      The Stockwatch article characterizes AMG’s claims as “arguably false and misleading.”



      To read the Stockwatch.com article, click here.

      http://www.asensio.com/Reports/ReportView.aspx?ReportId=899&…
      Avatar
      schrieb am 12.08.08 14:51:17
      Beitrag Nr. 247 ()
      Avatar
      schrieb am 12.08.08 17:31:46
      Beitrag Nr. 248 ()
      Antwort auf Beitrag Nr.: 34.709.147 von Kubanisch_Rauchen am 12.08.08 14:51:17Ouchen!

      http://de.youtube.com/watch?v=oPyMvvFEa1w

      Hier schein der Spruch angebracht zu sein:
      "Wer einmal lügt, dem glaubt man nicht [und wenn er auch die Wahrheit spricht]."

      We will see.
      Avatar
      schrieb am 12.08.08 19:31:16
      Beitrag Nr. 249 ()
      ... ohne Worte

      Avatar
      schrieb am 12.08.08 19:50:38
      Beitrag Nr. 250 ()
      Antwort auf Beitrag Nr.: 34.700.430 von gasadi am 11.08.08 15:27:56Die Hort Stock Investor Leute sind auch gute contra-Indikatoren. Ich habe schon öfters erlebt, dass die empfohlenen Aktien kurz nach solchen Meldungen abstürzen. Mag Zufall sein?!

      Oder, man muss deren Namen doch wörtlicher nehmen, als man dies oft tut.


      Timminco an schwachen Tagen einsammeln :keks:


      Vielleicht meinten Sie aber auch den heutigen Tag? Wer weiß.
      Avatar
      schrieb am 12.08.08 21:22:34
      Beitrag Nr. 251 ()
      Eigentlich nichts entscheidend neues bei Timminco. Es wird UMG-Si produziert und verkauft. Die Produktionsmengen steigen stetig an. Es gibt offenkundig bereits Module aus Timminco-Si zu kaufen (von CSIQ). Wer behauptet, dass UMG-Si ein Fake ist, befindet sich mehr und mehr in der Position eines Mannes, der leugnet, dass die Erde rund ist.

      Auf der anderen Seite verläuft das ramp-up mühsam. Ob noch 1.200 oder mehr Jahrestonnen erreicht werden können, erscheint derzeit sehr zweifelhaft. Die Cash-Situation ist offenbar nicht sehr komfortabel. Interessant finde ich folgenden Satz aus der PM: "Gross margin for the solar grade silicon product was 51% after deducting the start-up costs incurred in the quarter."

      Da Timminco einen Verkaufspreis von ca. 65 Dollar angibt, liegen die Produktionskosten derzeit also bei heftigen 32 Dollar / Kilo - und zwar nach Abzug der "start-up-Kosten" (was immer das konkret sein mag).

      Also, teurer ist die Produktion von Siemens-Si auf keinen Fall... ;)

      Okay, bei einem "normalen" Yield läge die Produktion sicher mindestens doppelt so hoch, ohne dass sich die Kosten verdoppeln, aber ob man wirklich mal deutlich unter 20 Dollar kommen wird, muss man wohl abwarten.

      Was wir bei Timminco haben, sind also neben einem spannenden Produkt vor allem execution-risks.

      Aufgrund der Schwierigkeiten beim ramp-up und der hohen Produktionskosten des UMG-Si und der offenkundig überall zunehmenden UMG-Si-Konkurrenz sehe ich auch weiterhin von einem Investment ab, obschon mein alter Zielkurs von 15 Dollar nunmehr erreicht ist.

      Ich wünsche mir für das 3Q einen deutlichen Fortschritt beim ramp-up. Immerhin braucht Q-Cells nächstes Jahr 3.000 Tonnen für Malaysia - das ist mein eigentliches Interesse. ;)
      Avatar
      schrieb am 13.08.08 17:26:21
      Beitrag Nr. 252 ()
      NAja, der MArkt sieht es anders! Die IMHO Luftnummer kommt dahin wo sie hin soll! Kursziel 1 Euro, und das ist noch hoch!

      Avatar
      schrieb am 14.08.08 17:43:12
      Beitrag Nr. 253 ()
      200 Stück für 8,47 in Frankfurt gekauft
      Avatar
      schrieb am 14.08.08 20:36:16
      Beitrag Nr. 254 ()
      Antwort auf Beitrag Nr.: 34.729.401 von meinolf67 am 14.08.08 17:43:12

      @meinolf67

      tja, ich überlege auch nachzukaufen. Es scheint sich hier um eine Fehde dieses Analysten Asensio gegen Timminco oder Schimmelbusch zu handeln, der jetzt noch über einen Hedgefondmanager die Aktie in den Keller geshorted hat...Oder? :confused:

      Wie siehst du denn die Verwirrung um die Liquidität?


      gasadi
      Avatar
      schrieb am 14.08.08 22:00:40
      Beitrag Nr. 255 ()
      Hi,

      hier was neues (altes) von der Homepage:

      http://www.timminco.com/presentations/Photon%20Report%20on%2…


      Was soll das? Alter Käse nochmal neu rausbringen und mit Text erklären? Huhh? :confused:


      Vielleicht ist die Offerte ja nicht ganz unrecht?! Aber zumindest scheint sie sehr efektvoll zu sein.


      Ich überlege aber auch was zu kaufen. Weiß zwar nicht womit, aber dennoch. ;) Der Kurs wiederholt sich oft, und demnach ....

      UWR_Kerl
      Avatar
      schrieb am 15.08.08 01:20:39
      Beitrag Nr. 256 ()
      Antwort auf Beitrag Nr.: 34.731.565 von UWR_Kerl am 14.08.08 22:00:40Ich überlege aber auch was zu kaufen. Weiß zwar nicht womit, aber dennoch. Zwinkern Der Kurs wiederholt sich oft, und demnach ....

      UWR_Kerl


      Die Geschichte mit dem fallenden Messer kennste ja?:cry:

      Dann warte doch besser bis sie wieder auf 4 Euro zurückgekommen sind.:D Wenn sich doch ALLES wiederholt.:rolleyes:

      Avatar
      schrieb am 15.08.08 03:25:47
      Beitrag Nr. 257 ()
      hab das ding bei knapp 20€ noch verscherbelt
      einstiegskurs: 11€
      wird schwer die alten höchststände zu erreichen
      zumindest in naher zukunft...
      das vertrauen ist erst mal weg

      good luck
      Avatar
      schrieb am 15.08.08 09:35:11
      Beitrag Nr. 258 ()
      Antwort auf Beitrag Nr.: 34.731.565 von UWR_Kerl am 14.08.08 22:00:40

      ...ja, alter Hut - aber was sollen sie denn machen? Die aktuelle Situation wurde gerade veröffentlicht, das hier ist der Bericht eines (hoffentlich) unbeteiligten Dritten. Helfen tun Timminco jetzt nur Schiffe voller UMGSi, was sollen neue Worte bringen - die glaubt jetzt keiner mehr. Frage ist bloß: ist hier überhaupt jemand glaubwürdig? Konkrete Produkte gibt es ja ohne Zweifel. Aber was ist mit der Kasse? Haben sie das Geld für den Ausbau oder nicht?

      :confused:

      gasadi
      Avatar
      schrieb am 15.08.08 11:38:23
      Beitrag Nr. 259 ()
      Timminco Shares Fall on Production Delay
      Shares of the Canadian company, which is developing technology to upgrade lower-grade silicon for solar equipment, have plunged this week after news that contamination issues will delay its production ramp up.
      by: Jennifer Kho
      Bullet Arrow August 13, 2008
      Advertisement

      Shares of Timminco fell as much as 31.8 percent this week after the company posted its second-quarter earnings after the market closed Monday.

      From a closing price of $19.97 per share Monday, Timminco shares fell 24.4 percent Tuesday and another 9.8 percent Wednesday, hitting a low of $13.62 per share before rebounding to close at $14.51 per share.

      Why such a big reaction?

      Along with its earnings, the company delivered news that it is dealing with contamination issues that will delay a planned increase of upgraded-metallurgical-silicon production by a quarter (see LDK 2Q Profit Triples, Margin Falls).

      Investors are sensitive to any news that could indicate trouble ahead for the company's technology to refine metallurgical silicon, which is dirtier than the high-grade silicon usually used to make solar cells. While upgraded metallurgical silicon doesn't convert sunlight into electricity as efficiently as electronics-grade silicon, companies such as Timminco claim it has the potential to deliver solar power for a lower cost per watt.

      The company has drawn both fervent support and skepticism from industry insiders, as some believe in the potential of Timminco's technology, while others are doubt whether it will work as promised.

      The Globe and Mail described the quarterly report as "a major test of faith" for shareholders and also reported that Sprott Asset Management, which was Timminco's biggest institutional investor in May, has sold some of its shares in the company.

      Analysts are divided on the stock.

      Among others, Cormark Securities analyst MacMurray Whale, National Bank Financial analyst Rupert Merer, Raymond James analyst Andy Nasr and CIBC World Markets analyst Michael Willemse lowered their price targets for Timminco, which trades on the Toronto Stock Exchange under the ticker symbol "TIM" (see the Financial Post).

      Defiance Capital CEO Francois Parenteau called the company "one of our highest-conviction shorts," according to a Value Investor Insight newsletter dated July 31 (via Asensio.com).

      Parenteau cited a lack of confidence in the company's management, particularly CEO Heinz Schimmelbusch, as well as in the technology, and said that the company denied Defiance access to its facilities for proprietary reasons.

      "The process they're using, as far as I can tell, is nothing new and has been tried unsuccessfully many times by competing companies," he told the newsletter. "It's red flag after red flag."

      But others have been more supportive.

      In their research notes, Paradigm Capital analyst Marvin Wolff said the firm believes Timminco's upgraded metallurgical silicon will become "a dominant material" in the solar market, and Clarus Securities analyst Carolina Vargas noted the company's "significant" purity improvements (see the Business News Network).

      In May, Timminco said that an independent review by Photon Consulting had verified its claims. And companies such as Q-Cells, Solar Power Industries and CaliSolar have agreed to purchase silicon from Timminco.

      "My expectation is that this costs cheaper to produce, uses less energy and can be produced much more quickly," said Eicke Weber, director of the Fraunhofer Institute for Solar Energy Systems and a founder of CaliSolar, which plans to make solar cells from upgraded metallurgical silicon (see Incentives, Tech to Spark Debate at Intersolar: Metallurgical Silicon).
      Avatar
      schrieb am 15.08.08 12:35:44
      Beitrag Nr. 260 ()
      Hi,

      erstmal möchte ich mich entschuldigen, dass ich mich öfters zu unsachlichen Posting hinreißen lasse.

      Aber im Zuge der Negativ-Nachrichten kam mir die Frage nach der Langlebigkeit nochmal in den Sinn. Wenn UMG von Natur aus unreiner ist, dieses Material aber dennoch dotiert wird, um zu funktionieren, dann existieren absolut gesehen ein Haufen mehr Verunreinigungen im Wafer. Dies sollte (?) doch aus statistischen Gründen zu einer beschleunigten Degradation führen. Da es zu UMG sicher noch keine Langzeiterfahrungen gibt, gibt es doch sicherlich Studien, die sich damit beschäftigen?!

      Sollte die Lebenszeit signifikant leiden, wiegt dies die evtl. Kostenersparnis bei Rohmaterial, Verarbeitung, Energiekosten und vor allem Werkskosten zumindest zum Teil wieder auf?!


      aus meinolfs letztem Post: The Globe and Mail described the quarterly report as "a major test of faith" for shareholders and also reported that Sprott Asset Management, which was Timminco's biggest institutional investor in May, has sold some of its shares in the company.


      Mein Kommentar: Bei soviel Gewinn würde ich etwas kasse machen. Das muss nix heißen.


      Und jetzt ne kritische Anmerkung bzw. Frage:
      Warum kommen Zweifel auf, dass Timminco kein Geld für den Ausbau hat? Bei Marktkapitalisierung und den sämtlichen Vorschusslohrbeeren im Kurs sollte es doch genug Gläubiger geben?!


      UWR_Kerl

      P.S.: Irgendwo wurde dieses Thema (Langzeitstabilität) schon mal angesprochen, jedoch ohne definitive Ausage. Glaube ich. Man kann zwar schnelle Alterungsterst in Klimaschränken mit abwechselnder Hitze und Kälteund stark erhöhter Feuchte durchführen und evtl. extremer UV-Strahlung, aber ob das so aussagekräftig ist im Vergleich zu 20 Jahren auf´m Dach?
      Avatar
      schrieb am 15.08.08 22:49:38
      Beitrag Nr. 261 ()
      Antwort auf Beitrag Nr.: 34.734.634 von meinolf67 am 15.08.08 11:38:23The process they're using, as far as I can tell, is nothing new and has been tried unsuccessfully many times by competing companies," he told the newsletter. "It's red flag after red flag.


      Aus meiner Sicht ist das ein hirnrissiges Argument. Der entscheidende Punkt ist doch wohl der, dass es unmöglich war, unmöglich ist und unmöglich bleibt, UMG-Si so zu produzieren, dass man damit Siemens-Si einfach ersetzen kann und ansonsten nichts ändern muss.

      Kein vernünftiger Mensch bestreitet diesen Umstand. Aber das ist eben gerade kein Argument gegen UMG-Si und wenn das das Hauptargument von Asensio ist, dann hat er schon verloren.

      Denn was nötig ist, ist, dass von seiten des Zellherstellers der Prozess an die spezifischen Gegebenheiten des UMG-Si angepasst werden muss. Diese (gegenseitige!) Anpassung des UMG-Si an den Zellprozess und gleichzeitig des Zellprozesses an UMG-Si wird offenbar erst seit etwa 2 Jahren intensiv betrieben. Offenbar sind bspw. Q-Cells oder CSIQ damit sehr weit, während andere das schlicht nicht können.

      Diese gegenseitige Anpassung ist das neue Element im Spiel und deshalb ist das Gerede über "früher" und "andere Versuche" nicht sehr sinnvoll.

      Interessant ist dazu ein Interview in der letzten SW&W mit Beneking von Ersol. Der räumt zwischen den Zeilen ein, dass sie (anders als eben Q-Cells) UMG-Si nicht können, was aber nicht schlimm sei, weil man gute und reichliche Siemens-Verträge habe. Beneking sagt offen, dass man für einen UMG-Si-Zellprozess sehr spezielles know-how braucht. (Und das sagt jemand, der vom Ingot bis zur Hocheffizienz-Monozelle sonst alle Prozesse beherrscht!)

      Beneking sagt dort übrigens auch, dass er in einem Vergleich die Leistungskurven von 15 (sic!) UMG-Si-Produzenten gesehen habe, wobei die besten auf normalem Multi-Niveau gelegen hätten, der Rest ein wenig drunter.

      Also, was ich denke, ist einfach, dass diejenigen, die sagen, dass UMG-Si früher Siemens-Si rein technologisch nicht ersetzen konnte und es deshalb auch heute nicht kann, das ganze Problemfeld nicht hinreichend begriffen haben.

      Fakt ist und bleibt, dass Timminco UMG-Si produzieren kann, das für speziell darauf angepasste Zellprozesse tauglich ist.

      Fakt ist leider auch, dass sie Probleme beim ramp-up haben. Aber das ist ein execution-Problem und kein Prinzip-Ding oder gar Betrug usw.

      (Für mich persönlich ist das execution-Problem aber schwerwiegend genug, um weiterhin von einem Investment Abstand zu nehmen.)

      @UWR,

      das von Dir angesprochene Degradations-Problem ist ein (mögliches) Entropie-Problem. Das hat Meinolf vor Wochen mal als Theorie diskutiert.

      Ich habe darauf mit folgendem Gedanken geantwortet:

      "Auf das Wanderungsverhalten von "Schmutz" in Silizium gibt vielleicht schon die klassische Zelle einen Hinweis. Denn die Bor und Phosphor-Dotierung ist räumlich streng geordnet, wobei vor allem die Phosphor-Schicht sehr dünn ist. Ich glaube nicht, dass bisher eine Auflösung der räumlichen Struktur als Problem diskutiert wurde, was ein Hinweis darauf sein könnte, dass ein Entropie-Prozess in Silizium sehr langsam abläuft. Die "normale" Degradation der Zellen hat - wenn ich es richtig verstehe - andere Ursachen (Bor verbindet sich mit Sauerstoff).

      Natürlich kann es sein, dass die zahlreichen Verunreinigungen mit allen möglichen Materialien im UMG-Silizium ein anderes Wanderungsverhalten haben, aber eigentlich würde es mich eher wundern, wen das so wäre."

      Standardzelle:

      Avatar
      schrieb am 16.08.08 14:24:40
      Beitrag Nr. 262 ()
      Antwort auf Beitrag Nr.: 34.740.843 von SLGramann am 15.08.08 22:49:38Hallo SLGramann,

      ich kann Dir nur zustimmen. Elkem in Norwegen produziert seit ein paar Jahren mit Erfolg umg-Silizium, welches unverdünnt, also ohne Beimischung von traditionellem hochreinen Silizium (Siemensprozess) vom Fraunhofer Institut ISE in Freiburg getestet wurde. Ergebnis: Wenn man die Prozesse geeignet anpasst, können Wirkungsgrade von 15% und besser erzielt werden. Also (fast) gleich gute Solarzellen wie mit multi-kristallinem Silizium aus dem Siemensprozess. Ein sehr großer deutscher Solarzellenhersteller hat das umg-Si von Elkem auch schon mit Erfolg verarbeitet.

      Wie Du schon sagst, die Kunst ist offenbar die Hochtemperaturprozesse -vor allem die Emitterdiffusion- so anzupassen, dass die Verunreinigungen, welche durch das kontrolliert langsame Abkühlen und Erstarren der gegossenen Siliziumbloecke an die Korngrenzen segregiert wurden, sich nicht wieder im Siliziumwafer verteilen. Wem das gelingt -und es gelingt eben nicht jedem- der kann mit umg-Si Solarzellen mit ordentlichem Wirkungsgrad herstellen, mit sehr viel niedrigeren Materialkosten.

      Die Herren und Damen bei Q-Cells, z.B., haben den Dreh raus, und deshalb hat Q-Cells auch gerade nochmal den Liefervertrag mit Timminco über 6000t jährlich bis 2013 verlängert.

      http://www.q-cells.com/medien/ir/ad-hoc/2008/08_08_13_adhoc_…

      Zur Degradation: Die bekannte Bor-Sauerstoff-Degradation stabilisiert sich relativ schnell auf ein bestimmtes Niveau, und ist üblicherweise relativ gering. Das macht mir keine Sorgen.

      Prof. Eicke Weber, der Institusleiter vom Fraunhofer ISE, kennt sich da aber sehr viel besser aus (Defekte in Silizium sind sein Fachgebiet). Und wenn die Firma, die er mitgegründet hat als er noch in Berkeley, Kalifornien war (nämlich Calisolar), ebenfalls bei Timminco bestellt, dann ist das für mich ein sehr gutes Zeichen.

      Hab gestern nochmal 100 St nachgekauft, hab leider nicht mehr flüssig gerade.

      Ich bin mir jedenfalls sicher dass umg-Si das nächste große Ding wird in der Solarzellenbranche - egal ob von Elkem, Timminco, oder wem auch immer...
      Avatar
      schrieb am 16.08.08 15:41:03
      Beitrag Nr. 263 ()
      Notizen aus dem CC:

      -Produktion 221 Tonnen
      -shortfall gegenüber Plan etwa 70 to, die man versemmelt hat, weil die linings, der bisher verwendeten Maschinen für Al-Produktionen waren und zu Phosphorverunreinigungen führten
      -ASP 65$
      -Produktion soll sich in den nächsten Quartalen jeweils verdoppeln (400/800/...)
      -Der neue Kunde ist meiner Meinung nach mit an Sicherheit grenzender Wahrscheinlichkeit LDK
      -variable Kosten ex-SI soll $1,10-$1,15 je kg betragen...??
      -Kundeninfos:
      #SPI wird seit > 1 Jahr beliefert; Vertragsmengen 3.000to und 4.000to
      #Calisolar 1.700to
      #Q-Cells 410to + 3.000to + 6.000to
      #CSIQ 5.000to
      #??? (LDK) 1.150to
      macht zusammen etwa 25.000to
      -Produktionserwartung für 2009: 9.000to (x65$ wären 585 Mio.) und 14.400to für 2010
      -eine spezielle Komponente scheint mit ABB zusammen entwickelt worden zu sein, steht aber exklusiv zu bin nicht ganz sicher, ob ich das im AMG-Call oder hier gehört habe


      Zusammenfassung:
      keinerlei prinzipielle Themen (außer der Frage, wie profitabel das Ganze wird), aber materialisierte execution risks

      damit sind sie aber nicht allein; ad-hoc fallen mir als Gesellschaft ein:
      REC, MEMC, Q-Cells, LDK, Centrotherm, AMAT, Oerlikon, so ziemlich jedes Dünnschichtprojekt,...

      wenn ich es genau überlege, dann fällt mir nur FSLR mit (bisher) flawless execution ein,...
      Avatar
      schrieb am 16.08.08 19:45:08
      Beitrag Nr. 264 ()
      Antwort auf Beitrag Nr.: 34.742.322 von meinolf67 am 16.08.08 15:41:03
      Danke Meinolf!

      Hier der Mann, der Timminco für 50 Cent kaufte:

      We first bought Timminco at 50 cents. It looked like a classic for us. First of all, it's a tech stock with a technology that has caused them to be a major source of material for the solar industry. Very early on, when we were aggressively buying it at $1 or $2 or $3, we imagined this company could earn $5 a share a couple of years out.

      http://www.cattlenetwork.com/Content.asp?ContentID=245355
      Avatar
      schrieb am 19.08.08 20:12:23
      Beitrag Nr. 265 ()
      Antwort auf Beitrag Nr.: 34.729.401 von meinolf67 am 14.08.08 17:43:12
      Okay, Meinung revidiert und heute Timminco gekauft. Für 12,50 Dollar (kanadische). Ist ne ernste Position. Gott steh mir bei.
      Avatar
      schrieb am 19.08.08 20:13:58
      Beitrag Nr. 266 ()
      Antwort auf Beitrag Nr.: 34.769.401 von SLGramann am 19.08.08 20:12:23
      :look:
      Avatar
      schrieb am 19.08.08 20:17:17
      Beitrag Nr. 267 ()
      Antwort auf Beitrag Nr.: 34.769.401 von SLGramann am 19.08.08 20:12:23Warum kauft Ihr das Ding eigentlich in Toronto?

      Das gibt´s hier doch auch. Dann spart man sich die Spesen und wenn man nicht Traden will, dann findet man innerhalb eines Tages auf jeden Fall nen Käufer? Oder habt Ihr so große Stückzahlen?
      Avatar
      schrieb am 19.08.08 21:45:14
      Beitrag Nr. 268 ()
      Antwort auf Beitrag Nr.: 34.769.470 von UWR_Kerl am 19.08.08 20:17:17
      Oder habt Ihr so große Stückzahlen?

      Nein. ;)

      Aber wenns mal hektisch wird, weiten sich die Spreads an solchen Hilfsbörsen wie Frankfurt extrem aus. Auf der anderen Seite sind die Spesen im Ausland gar nicht so hoch. Ich kaufe immer an der Heimatbörse einer Aktie, wenn das geht. Ich mag Liquidität, die faire Kurse auch ohne (enge) Limitierung erlaubt.
      Avatar
      schrieb am 21.08.08 18:46:25
      Beitrag Nr. 269 ()
      Antwort auf Beitrag Nr.: 34.742.322 von meinolf67 am 16.08.08 15:41:03
      -variable Kosten ex-SI soll $1,10-$1,15 je kg betragen...??

      Meinolf, kannst Du Dich diesbezüglich an mehr Details erinnern? Wie war der genaue Kontext der Frage?

      Ich frage nach, weil ich hinter Deine zwei Fragezeichen am liebsten ein drittes setzen würde.

      Denn nehmen wir mal an, das wären wirklich die Herstellungs(prozess)kosten - dann kommen noch ca. 2 bis 3 Dollar (?) für das metallurgische Silizium dazu und dann hätten wir schon den Rohertrag? Umsatzkosten von unter 5 Dollar das Kilo? Das wäre ja wohl ziemlich unfassbar, oder?

      capgap, liest Du hier noch mit? Hast Du eine Meinung zu den gegenwärtigen ramp-up-Problemen?
      Avatar
      schrieb am 21.08.08 18:58:34
      Beitrag Nr. 270 ()
      Antwort auf Beitrag Nr.: 34.769.470 von UWR_Kerl am 19.08.08 20:17:17und ich kaufe hier.

      bin aber bisher auch nur bei 250 Stk. angelangt.

      SLG wünsche ich für die ernste Posi alles Gute!
      Avatar
      schrieb am 21.08.08 19:04:54
      Beitrag Nr. 271 ()
      Antwort auf Beitrag Nr.: 34.799.193 von SLGramann am 21.08.08 18:46:25leider nicht; außer, daß ich mich vage an sowas wie "cash-out" erinnere; habe mich nämlich noch gewundert, weil das ja hieße, große Abschreibungen.


      Leider gibt es keinen Transkript von SA und ich bin im Moment zu faul, mir alle nochmal anzuhören...

      Hinsichtlich des SI-EK kannst Du im SEC-Prospekt von Globe specialty was nachlesen. Meine, mich an etwa $1,90/kg zu erinnern.

      Kann nur dringend raten, das Timminco-Thema integral zu betrachten, d.h. AMG und GK auch mit im Auge zu behalten.

      Wenn ich die 3 Posis zusammenzähle, komme ich auch bei mir auf einen etwas höheren Wert. Bei GK könnte AMG irgendwann mal einen Squeeze-out versuchen....
      Avatar
      schrieb am 22.08.08 09:00:17
      Beitrag Nr. 272 ()
      Antwort auf Beitrag Nr.: 34.799.193 von SLGramann am 21.08.08 18:46:25Die gegenwärtigen Ramp-Up Probleme würde ich nicht zu sehr überbewerten, bzw. halte ich Sie sogar für völlig normal. Da ich selbst aus dem Anlagenbau komme, kenne ich solche Schwierigkeiten zur Genüge und bin da ziemlich abgebrüht.
      Natürlich ist man bei weitem noch nicht bei der Nennleistung von 100 to/mon angelangt. Aber die Steigerung von 100 auf 220 to von Q1 auf Q2 zeigt m.E. erhebliche Fortschritte.
      Man muss bedenken, bei diesem Verfahren handelt es sich nicht um irgendwelche Edelstahl-Hochglanz-Apparaturen, wie Sie in der chemischen Industrie schön anzusehen sind und entsprechend berechnet und simuliert werden können.
      Wir sprechen hier trotz der High-Tech-Anwendung immer noch von einem Hüttenbetrieb, in dem flüssiges Metall verarbeitet wird, dass ich nun mal leider nicht im sterilen Glaskolben transportieren kann.
      Avatar
      schrieb am 22.08.08 09:32:07
      Beitrag Nr. 273 ()
      @meinolf und capgap,

      danke für eure Hinweise. Ich habe mich gestern mal durch den CC gequält, wobei ich einfach zu wenig verstehe... Den Herrn Schimmelbusch fand ich etwas schwatzhaft. Da sagt er, dass er zu GK nichts sagen darf und ergeht sich dann in Zukunftsvisionen, die ja wohl eindeutig waren. Ich frag mich bloß, was das dann für Timminco heißen würde...
      Avatar
      schrieb am 22.08.08 17:59:01
      Beitrag Nr. 274 ()
      Antwort auf Beitrag Nr.: 34.799.410 von meinolf67 am 21.08.08 19:04:54@ SLGramann + meinolf: Gott ist mit Euch, wie aussieht. ;)

      Frage, was heisst hier:
      AMG
      EK
      GK
      SA

      Beim nächsten Dipp komme ich vielleicht mit an Bord?!
      Avatar
      schrieb am 22.08.08 18:38:16
      Beitrag Nr. 275 ()
      Antwort auf Beitrag Nr.: 34.815.311 von UWR_Kerl am 22.08.08 17:59:01Glückwunsch an SLG zum Timing.

      AMG = Advanced Metallurgical Group
      -an Euronext notiert
      -Haupteigner von Timminco
      -Weltmarktführer neben oder sogar vor GT Solar für Ingotöfen (REC ist Kunde)
      -Mehrheitseigner von GK

      GK = Graphit Kropfmühl
      -deutscher börsennotierter Silizium- und Graphithersteller
      -im März von AMG übernommen
      -ich erwarte eine umg-SI Fertigung in Deutschland, wenn bei TIM alles klappt

      EK = Einkaufspreis (in diesem Kontext)

      SA = Seeking Alpha
      -die Seite, die die ganzen Transkrits anbietet


      =>sorry, aber bin eben tippfaul...;)
      Avatar
      schrieb am 22.08.08 18:44:35
      Beitrag Nr. 276 ()
      Antwort auf Beitrag Nr.: 34.816.011 von meinolf67 am 22.08.08 18:38:16
      Ich hatte noch nie ein gutes Timing. Deshalb bin ich derzeit stark verunsichert... :laugh:

      -ich erwarte eine umg-SI Fertigung in Deutschland, wenn bei TIM alles klappt


      Genau das erwarte ich auch. Schimmelbusch hat das im CC ja eigentlich auch "klar" gesagt.

      Ich frag mich nur, was das für Timminco heißt. Bekommt Timminco dann eine Art Lizenzgebühr? Oder kann AMG das Know-how einfach von Timminco auf GK verlagern? Das kann ich mir zwar kaum vorstellen, aber die Situation beunruhigt mich ein wenig.
      Avatar
      schrieb am 23.08.08 13:13:34
      Beitrag Nr. 277 ()
      Antwort auf Beitrag Nr.: 34.816.011 von meinolf67 am 22.08.08 18:38:16MmmPpmMfm MppPmp MfmPmp FmmMmm fmmppfpmfpmf pmmmmm mmmfmfmmfmfp pppfmfpff mpfüpff Mffpppfmmmffmpmmpppff fmmmppmffppp
      Avatar
      schrieb am 24.08.08 23:18:27
      Beitrag Nr. 278 ()
      Antwort auf Beitrag Nr.: 34.825.129 von XDA am 23.08.08 13:13:34:confused::confused::confused:
      Avatar
      schrieb am 24.08.08 23:22:13
      Beitrag Nr. 279 ()
      Antwort auf Beitrag Nr.: 34.839.347 von meinolf67 am 24.08.08 23:18:27http://www.namesuppressed.com/kenny/

      ;)
      Avatar
      schrieb am 25.08.08 20:51:14
      Beitrag Nr. 280 ()
      Hi Leute,

      bin seit gestern auch drin. Habe TIM seit ca. einem Jahr immer wieder mal beobachtet und denke jetzt ist eine gute Einstiegsmöglichkeit gegeben. Auf 25€ aus dem Bauch heraus sollte es mindestens gehen. Die Wahrscheinlichkeit, dass es wieder up geht ist doch bedeutend größer als die eines Kurses gen Süden. Etwas Geduld und rechtzeitiges absichern der Gewinne wird sich hier auszahlen;)

      Viel Glück allen Investierten!
      Avatar
      schrieb am 26.08.08 15:55:35
      Beitrag Nr. 281 ()
      Eine weitere kritische Stimme (Argumentation ist aber m.E. teilweise etwas bemüht):



      Report questions Timminco claims

      ANDY HOFFMAN

      MINING REPORTER

      August 22, 2008

      It will be a "miracle" if Timminco Ltd. can deliver on its promises, according to a research report that raises questions about the company's claims to have developed a revolutionary method of producing silicon for use in solar cells at costs well below those of competitors.

      The culmination of three months of research regarding Timminco and the solar industry, the 26-page report by Veritas Investment Research analysts Neeraj Monga and Chris Silvestre, offers a decidedly negative take on Toronto-based Timminco's prospects.

      "While Timminco claims that it can produce UMG-Si (Upgraded Metallurgical Silicon) at a cost of $10 to $15/kg, we believe that based on 3rd party verified product specifications, the full economic costs of Timminco's Si is approximately $57.00 kg."

      A once sleepy producer of industrial grade silicon and magnesium, Timminco became a stock market darling last year when it unveiled a "breakthrough" low-cost process to purify silicon to levels good enough for use in solar cells.

      The stock rocketed from pennies to more than $35 a share, but recently plunged below $13 after the company missed production targets. Yesterday, it jumped $2 to $15.24 on the TSX after a Quebec television report said Timminco will partner to build a new solar panel facility in the province.

      Timminco has divided the investment community, attracting critics and short sellers who have attacked the company's claims. It has also garnered high-profile champions including Sprott Asset Management Inc., which owns 17 per cent of Timminco.

      The Veritas report is sure to provide more ammunition for detractors. It calls Timminco's lower capital expenditures a "myth," suggests its secret process is similar to others and predicts that the currently tight solar-grade silicon market will be in balance by 2011, thereby reducing the demand for Timminco's product.

      "Our review of industry literature, the view expressed by various industry participants in public forums, circumstantial evidence surrounding lack of progress in volume delivery at Timminco, a convoluted ownership structure ... all suggests it will be a miracle if Timminco can deliver on its promises," the report says. "Investing however is about diligence and fortitude and not miracles. Sell." Timminco executives were unavailable to comment.

      Veritas says that Timminco is not, in fact, producing solar-grade silicon. Rather, it says, the company is producing upgraded material that must still go through a process called "directional solidification" before it can be used to solar cells.

      While polysilicon, the high purity and costly material Timminco is aiming to usurp needs to go through the directional solidification process only once, Timminco's material is less pure and needs to undergo directional solidification at least 1.3 times, Veritas believes.

      "This adds significant costs, the brunt of which Timminco would have to bear in a market where polysilicon is in adequate supply," says the report, which estimates it will cost the company's customers an additional $10.27 a kilogram.

      Veritas also states that solar cells made using upgraded metallurgical silicon are less efficient than those made with polysilicon. If solar cell makers used lower grade silicon from Timminco, they would have to produce larger solar panels to generate the same amount of power, the report says.

      Timminco hopes to produce 3,600 tonnes of solar-grade silicon next year and has plans to expand capacity to more than 14,000 tonnes. In an interview, Mr. Monga said that by the time the expansion is complete the market will be fully supplied with polysilicon, which will drive down the price of the commodity to $60 (U.S.) a kilogram from the current $250 a kilogram.

      "This is the first time there has been such a significant shortage of silicon and people are looking for any anchor they can find. That's why there is Timminco. Maybe Timminco will deliver, but I think it is highly unlikely," he said.
      Avatar
      schrieb am 26.08.08 18:49:25
      Beitrag Nr. 282 ()
      Antwort auf Beitrag Nr.: 34.865.545 von SLGramann am 26.08.08 15:55:35Timminco in Veritas spotlight

      Barry Critchley, Financial Post Published: Saturday, August 23, 2008
      Story Tools

      Over the years, the gang at Veritas Investment Research have established a reputation for doing high-quality work, in large part because it is an independent research operation with neither a sales and trading nor investment banking arm.

      Veritas has now focused its attention on Timminco Ltd. and has produced a report that's unlike any other published by the firm. "Our report highlights the circumstances surrounding Timminco's rise from fame on the investing firmament," it said, adding Timminco's investing merit "boils down to management's credibility, which given the past infractions of Timminco's owners with the law in the United States and in Europe is suspect. It's all about credibility," said the 26-page report written by Neeraj Monga and Chris Silvestre. The two analysts said they see only two possible scenarios: "The first is that management is promising the moon with respect to product specification, cost estimates and production capabilities, and that Safeguard LP [the ultimate parent company] wisely timed the IPO of Timminco and its exit thereof. The second is that the private-equity LP had reached the end of its specified life and management is telling the truth. The stock is either worth $0 or a lot more than where it's trading." Overall the two say: "We advise erring on the side of caution. Sell."
      Avatar
      schrieb am 26.08.08 18:56:23
      Beitrag Nr. 283 ()
      Antwort auf Beitrag Nr.: 34.865.545 von SLGramann am 26.08.08 15:55:35Man müßte den Report mal habe, um was dazu sagen zu können.

      Anders als albanische Taucher argumentieren die inhaltlich:

      "TIM ist teurer als behauptet, weil
      -Wirkungsgrad schlechter (bekannt)
      -Verarbeitung teurer (1,3 DSS-Vorgänge; das ist für mich NEUE Info)
      -höheres Invest als behauptet"

      diese Argumente können nur auf die Dauer entkräftet werden, indem sich die Zahlen aus der GuV in die prognostizierte Richtung entwickeln (oder auch nicht).

      Die Frage im zweiten Artikel ist auch nicht ohne Relevanz: "warum trennte sich der Fonds?" Meine aber, daß zumindest AMG bei TIM sogar aufgestockt hat. Wenn die auch abgeben sollten, wäre das schon ein Alarmsignal...
      Avatar
      schrieb am 26.08.08 19:15:55
      Beitrag Nr. 284 ()
      http://www.asensio.com/TIM/SW81408.pdf


      der Artikel kommt nah ran an ein Transkript; interessant, wie der Spin ist: soweit ich mich erinnern kann, sind alle Tatsachen (bis hin zu den Beschreibungen des "Touchs" der jeweiligen Äußerung) wirklich so gewesen, aber der Eindruck ist ein komplett anderer.

      Leider steht auch dort nichts zu den processing costs drin.

      Muss nochmal sehen, ob ich die angebliche Äußerung von Schimmelbusch "2.000 to in 2008" irgendwo wiederfinde; wenn das so stimmt, dann ist das definitv ein Negativum für mich; Glaubwürdigkeit!
      Avatar
      schrieb am 26.08.08 19:22:34
      Beitrag Nr. 285 ()
      Antwort auf Beitrag Nr.: 34.868.825 von meinolf67 am 26.08.08 19:15:55hier gibt es noch etwa Verwässerung:



      Safeguard –Overview and Update
      Avatar
      schrieb am 27.08.08 09:15:21
      Beitrag Nr. 286 ()
      Antwort auf Beitrag Nr.: 34.868.825 von meinolf67 am 26.08.08 19:15:55
      Beim Lesen dieser Zusammenfassung verstärkt sich mein schon bestehender Eindruck, dass der Herr Schimmelbusch ein Schwätzer und darüber hinaus fast nichts anderes ist.

      Kompetent scheint eigentlich nur der Rene Boisvert zu sein, aber ich glaube mich zu erinnern, dass capgap das schon vor Monaten bestätigt hat, dass von dem viel zu halten ist.

      An solchen Aussgaen wird er natürlich gemessen werden:

      A more responsive Mr. Boisvert chimed in to simply say that Timminco now planned to hit production of 300
      metric tons per month in the fourth quarter
      .

      Die Erwartungshaltung ist klar:

      350 - 400 Tonnen in Q3 und 700 - 800 Tonnen in Q4 sollten es schon werden.
      Avatar
      schrieb am 28.08.08 00:58:20
      Beitrag Nr. 287 ()
      Solar-Konzern REC: Quebec wird neuer Standort für Silizium-Expansion



      REC_Siliziumproduktion in Moses Lake.

      Die Renewable Energy Corporation ASA (REC; Sandvika, Norwegen) berichtete am 25. August 2008, das Unternehmen habe Bécancour (Quebec) als Standort für die nächste Expansionsphase im Bereich Solar-Silizium gewählt. Der Standort werde stufenweise ausgebaut und könnte bis zu vier Produktionseinheiten in der Größe der sich derzeit im Abschluss befindenden Fabrik in Moses Lake (Washington, USA) umfassen. Zeitgleich seien Abkommen zwischen Hydro Quebec und der Société du Parc industriel et portuaire de Bécancour (SPIB) unterzeichnet worden. Diese Vereinbarungen regeln jeweils Voraussetzungen und Konditionen, welche mit der Entwicklung einer neuen Produktionsstätte und anderen Geschäftsbedingungen einhergehen. "Die Entwicklung dieser Produktionsstätte wird es uns ermöglichen, die Ausweitung unseres Siliziumgeschäftes auf kosteneffizienteste Weise fortzusetzen und wird damit sowohl das Wachstum von REC als auch unser ehrgeiziges langfristiges Kostenziel zu unterstützen“, sagte Erik Thorsen, Präsident und Vorstand der REC.

      Energieversorgung Silizium-Produktion aus erneuerbaren Quellen

      Bécancour sei nach einem ausführlichen, 17-Monate umfassenden, Entscheidungsprozess, in dem mehr als 100 Alternativstandorte in 16 Ländern untersucht wurden, ausgewählt worden. Da die Herstellung von Polysilizium relativ energieintensiv ist, sei die zuverlässige Strombereitstellung (zu einem vorhersehbaren Preisniveau) über einen langen Zeitraum hinweg, einer der wichtigsten Gründe für Bécancour gewesen, heißt es in der Pressemitteilung. Zusätzlich setze sich REC dafür ein, die Auswirkungen auf die Umwelt durch die Herstellung von Solarzellen und -panelen zu begrenzen und ziehe daher eine Energieversorgung durch erneuerbare Energiequellen vor.

      Als Bestandteil des Abkommens mit der Regierung von Quebec habe REC einen Langzeit-Energievertrag mit Hydro Quebec, zu einem konkurrenzfähigen Industriegebührensatz geschlossen. Der 20 Jahres-Energievertrag werde REC mit langfristiger, sauberer und erneuerbarer Energie zu einem vorhersehbaren Preis versorgen - zusätzlich zu weiteren Vorzügen, die sich für REC in der Zusammenarbeit mit der Société du Parc industriel et portuaire de Bécancour (SPIB)
      ergäben. Das Abkommen enthalte weiter, dass das gesamte Investitionsvolumen bei SPIB 1.2 Milliarden US-Dollar überschreiten und die Mitarbeiterzahl mehr als 300 Personen umfassen wird.

      REC will beim Ausbau künftiger Produktionskapazitäten die eigenen neuesten Technologien wirksam einsetzen, welche fortschrittliche Methoden des kostengünstigen, patentrechtlich geschützten polychristallinen Siliziumabscheidungsprozesses beinhalten, welcher auf Siemens-Reaktoren basiert. Die erste technische Planung der neuen Fertigungsstätte soll innerhalb der nächsten sechs Monate abgeschlossen sein. Danach werde die Entscheidung darüber gefällt, welchen genauen Umfang die Investition umfassen wird. Die derzeitigen Planungen sehen vor, die Fertigungsstätte in mehreren Stufen auszubauen, um letztlich eine Gesamtgröße von vier Produktionseinheiten und mit einer ähnlichen Größe, wie das derzeitig fertiggestellte Werk, in Moses Lake, (Washington, USA) zu erreichen. Die Gesamtkapazität werde in Abstimmung mit Kundenabkommen und Marktanforderungen erschlossen. 2010 soll mit den Bauarbeiten begonnen werden - 2012 soll die Produktionskapazität von Phase I verfügbar sein.

      "Wir sind glücklich, dass wir Bécancour als Vorzugsstandort für unsere künftige Expansion im Bereich Siliziummaterial ausgewählt haben. Wir freuen uns auf eine lange und arbeitsreiche Beziehung zwischen REC und der Bevölkerung von Quebec. Während der Standortwahl und dem Verhandlungsprozess hat die Regierung von Quebec, vor allem Investissement Quebec, ihre begrüßende und ermunternde Art bewiesen. Wir sehen auch große Potentiale bei den Arbeitskräften und der zusätzlichen Industrie vor Ort", sagt EVP Silicon, Gøran Bye.


      Na was sagen die Timminco Experten dazu? Könnte REC sogar eine Konkurrenz für Timminco werden? Könnte REC evtl. schneller die Produktion steigern als Timminco? Und wie sieht es mit den Kosten aus? REC hat seine eigenen Patente und wagen sich in den direkten Konkurrenzkampf mit Timminco zu treten. Jeder der in Zukunft bei Timminco Preise, Qualität und Mengen anfragt, wird auch automatisch sich bei REC ein Angebot einholen. Dann wird es sich zeigen ob Timminco schon genug Erfahrung besitzt kontinuirlich Qualität in hohen Mengen Termingerecht zu produzieren.

      Na ja, wenns nicht klappen sollte, können sie evtl. alles rechtzeitig an REC verkaufen.;)
      Avatar
      schrieb am 28.08.08 15:58:12
      Beitrag Nr. 288 ()
      Okay, es klingt wie wilde Zockerei.. ich habe Timminco soeben wieder verkauft. Hat aber weder direkt etwas mit Timminco zu tun, noch bin ich jemand, der "mal eben Gewinne mitnimmt". Ich brauchte schlicht das Geld für ein anderes Investment, dessen Chancen vielleicht nicht sehr viel schlechter sind, dessen Risiken mir aber erheblich geringer zu sein scheinen.
      Avatar
      schrieb am 28.08.08 16:03:35
      Beitrag Nr. 289 ()
      Antwort auf Beitrag Nr.: 34.885.619 von XDA am 28.08.08 00:58:20
      Könnte REC sogar eine Konkurrenz für Timminco werden? Könnte REC evtl. schneller die Produktion steigern als Timminco?

      Da es um Solar-Silizium geht, besteht hier auf jeden Fall eine Konkurrenzsituation und gerade der Kampf zwischen UMG-Si und FBR-Si wird spannend werden.
      Ein ganz direkte Konkurrenz erwarte ich aber von Orkla/Elkem, die ja eine enge Verbindung zu REC haben. Denn die arbeiten an einem eigenen UMG-Si-Prozess und von denen erwarte ich sehr viel - in jeder Hinsicht. Bis zum Ende des Jahres werden wir es wissen, ob Elkem seine Anlage fristgerecht hochfahren kann.
      Avatar
      schrieb am 29.08.08 13:32:15
      Beitrag Nr. 290 ()
      Antwort auf Beitrag Nr.: 34.893.310 von SLGramann am 28.08.08 15:58:12Habe meine Posi auch bis auf 10 Stk. gegeben, so daß ich jetzt wieder "pures Kino" genießen kann.

      AMG und Graphit Kropfmühl halte ich aber (noch?).
      Avatar
      schrieb am 07.09.08 14:42:28
      Beitrag Nr. 291 ()
      In der SW&W 13/2008 ist ein Artikel über die Si-Situation. In einer Übersicht werden die Kosten für die Produktion von UMG-Si unter "europäischen Bedingungen" mit 16 bis 29 Euro / kg angegeben. Siemens mit 27 - 32 und Wirbelschicht mit 25 bis 30.

      Die Bandbreite beim UMG ist hier natürlich enorm, aber auch der geringste Wert ist ziemlich hoch.

      Als Quelle für die Zahlen ist u.a. die Solmic angegeben - für mich ein Grund, die Angaben zunächst mal beachtenswert zu finden. (Zwar hat die SOLMIC ihre Interessen klar im Siemens-Bereich, aber so weit ich weiß, sind sie auch Technologieberater bei dem UMG-Projekt von Scheuten und Solarworld.)
      Avatar
      schrieb am 12.09.08 19:19:57
      Beitrag Nr. 292 ()
      Is ja so wenig los hier, schade eigentlich..
      Mal was positives zu TIM Link ist aus dem Stockhouse Forum.

      http://www.financialpost.com/story.html?id=786915

      Wenn das mal nicht ne neue Welle gibt:yawn: Mich hat es hart erwischt, bei 10,65€ rein und auf Rebound spekuliert..zum Glück nicht ins Bodenlose gefallen.

      @Meinolf; meinstest Du das ernst mit 10:eek: Aktien behalten?

      :)
      Avatar
      schrieb am 13.09.08 12:50:45
      Beitrag Nr. 293 ()
      Gehyped und unendlich gefallen ... sag ich doch!!! Die klopfen Sprüche und alle glauben es!!!




      Langsam kommt die Bude wieder da hin wo sie stehen soll:D

      Kursziel 0,40 Eurocent:cool:
      Avatar
      schrieb am 13.09.08 15:00:09
      Beitrag Nr. 294 ()
      is klar:laugh:, geh du mal schön short
      Avatar
      schrieb am 14.09.08 13:03:56
      Beitrag Nr. 295 ()
      Antwort auf Beitrag Nr.: 35.089.886 von isdochalbern am 13.09.08 15:00:09Wenn der Solarguru schon raus ist ... Manuel hat eben doch recht und Schimmelbusch ist doch der alte geblieben:D

      Die Bude stank von Anfag an!:laugh:
      Avatar
      schrieb am 15.09.08 20:58:20
      Beitrag Nr. 296 ()
      Avatar
      schrieb am 30.09.08 18:14:22
      Beitrag Nr. 297 ()
      ... Dietrich und sein Lügenmärchen:laugh::laugh::laugh:

      September 29, 2008

      Timminco's New Spin to Institutional Investors: "Reverse Refinement"

      Timminco Limited (TSX: TIM $14.50) is criticized in a September 25th article on Stockwatch.com for making more promotional statements at a conference for institutional investors.


      At a CIBC World Markets conference held in Montreal on September 24th, Timminco CFO Robert Dietrich seemed to imply that Timminco's process of creating lower purity 5N silicon is equivalent to the higher purity polysilicon created through the Siemens process. Dietrich said that boron and phosphorous have to be added to high-purity polysilicon to produce solar cells – what the presentation refers to as "reverse refinement." Dietrich implied Timminco's product, which has higher levels of boron and phosphorous impurities, is equivalent to the 'reverse refined' polysilicon.


      Dietrich stated, "…extremely pure silicon doesn’t conduct electricity, so people that make ingots and wafers… have to add impurities into that super-pure silicon in order to use it in solar cells…. And so they basically degrade the product after they refine it." Dietrich went on to state that "Our process, which is rooted in metallurgy, does the exact opposite. We make the silicon good enough to make solar panels and that's where we stop and that's where our process stops."


      The slide from the Timminco presentation shows the Timminco process and the doping of polysilicon leading to the same place: "Solar grade." Click here to see the Timminco presentation.http://www.asensio.com/TIM/TIM_CIBC.pdf


      To equate upgraded metallurgical silicon with 5N purity and 7N-purity polysilicon that has gone through the doping process is misleading and erroneous. When polysilicon goes through the doping process of having boron and phosphorous added to produce a solar cell, the boron and phosphorous are more controlled than what is directly produced in 5N upgraded metallurgical silicon.


      As discussed in the Stockwatch article, a PiperJaffray report on Q-Cells AG, Timminco's largest customer, states that solar cell efficiency falls when silicon with a purity level of less than 7N (99.99999% pure) is used. PiperJaffray notes the downside risk for Q-Cells in using metallurgical grade silicon to produce solar cells with lower efficiency and higher degradation rates.


      Despite this, Dietrich promoted the supposed cost advantages of Timminco's UMG over polysilicon: "…we have a much lower capital investment in our process, much lower production costs and we have the ability to ramp production and build facilities much more quickly than you can with a polysilicon plant."


      A Veritas research report issued on August 20th gives an estimate that the true economic costs of Timminco’s product is $57 per kilogram, while Timminco claims that it can produce material at a cost of $10 to $15 per kilogram.


      To read the full Stockwatch article, click herehttp://www.asensio.com/TIM/SW92508.pdf.
      Avatar
      schrieb am 30.09.08 23:22:56
      Beitrag Nr. 298 ()
      Antwort auf Beitrag Nr.: 35.350.867 von Kubanisch_Rauchen am 30.09.08 18:14:22

      Ouchen!

      Da liegt ja mindestens ein Faktor 4 dazwischen.

      Das kriegen die sicher noch hin!

      Solange man lacht, ist alles gut. :laugh:
      Avatar
      schrieb am 01.10.08 07:48:09
      Beitrag Nr. 299 ()
      Autsch, des muss doch weh tun:laugh:
      Avatar
      schrieb am 06.10.08 15:51:26
      Beitrag Nr. 300 ()
      So ruhig hier...

      Hat jemand eine Idee, wieso TIM in CAN so runtergeht? Danke.
      Avatar
      schrieb am 06.10.08 18:39:22
      Beitrag Nr. 301 ()
      Antwort auf Beitrag Nr.: 35.436.899 von roje am 06.10.08 15:51:26nachrichten lesen und du weißt es;)
      Avatar
      schrieb am 07.10.08 09:59:29
      Beitrag Nr. 302 ()
      Antwort auf Beitrag Nr.: 35.440.466 von isdochalbern am 06.10.08 18:39:22ok, ok...
      Avatar
      schrieb am 07.10.08 10:23:37
      Beitrag Nr. 303 ()
      Timminco Provides Update on Solar Grade Silicon Operations

      Third quarter production exceeds 340 metric tons
      TORONTO, ONTARIO--(Marketwire - Oct. 6, 2008) - Timminco Limited ("Timminco" or the "Company") (TSX:TIM) is providing an update on the production and operations of its solar grade silicon product line for its third quarter ended September 30, 2008.

      For the third quarter, the Company produced 342 metric tons (mt) of solar grade silicon and shipped 300 mt, bringing 2008 year to date shipments of solar grade silicon to more than 600 mt. Production and shipments increased sequentially each month during the quarter, with September production reaching a record monthly volume. The ramp up of production continues and operational improvements are being implemented. All of the material shipped during the quarter was within customer specification.

      The Company reiterates its guidance for shipments in 2008 in the range of 1,200 to 1,500 mt of solar grade silicon.

      The Company will provide additional details on the progress of its solar grade silicon production when it releases third quarter results in November 2008.

      About Timminco

      Timminco is a leader in the production and marketing of lightweight metals, specializing in solar grade silicon for the rapidly growing solar photovoltaic energy industry. Using its proprietary technology, Timminco processes metallurgical grade silicon into low cost solar grade silicon for use in the manufacture of solar cells. Timminco also produces silicon metal, magnesium extrusions and other specialty metals for use in a broad range of industrial applications serving the aluminum, chemical, pharmaceutical, electronics and automotive industries.
      Avatar
      schrieb am 07.10.08 10:31:46
      Beitrag Nr. 304 ()
      Antwort auf Beitrag Nr.: 35.451.470 von gasadi am 07.10.08 10:23:37Thx.

      Interesant sind folgende Aussagen...

      1. All of the material shipped during the quarter was within customer specification.

      2. Timminco reiterates its guidance for shipments in 2008 in the range of 1,200 to 1,500 mt of solar grade silicon.

      Source: http://www.timminco.com/press/October%206%202008%20SGS%20upd…
      Avatar
      schrieb am 07.10.08 17:57:30
      Beitrag Nr. 305 ()
      ... :laugh::laugh::laugh:, was für ne abgefuckte Bude 32t doch ist:laugh::laugh::laugh:


      October 06, 2008

      Timminco Stock Questionably Promoted at Quarter's End.

      Two Canadian fund managers recently made promotional statements for Timminco Limited (TSX: TIM $13.00). Duncan Stewart, a fund manager who also works for Deloitte, was one of the judges who selected Timminco for Deloitte's "Green 15" award, announced September 25th. On August 16th the Financial Post published an article written by Stewart supporting Timminco. Stewart discloses in the article that he has a long position in Timminco. To read the Financial Post article, click herehttp://www.asensio.com/TIM/FP81608.pdf


      Paul Mesburis of Mavrix Fund Management also promoted Timminco with a "buy" recommendation in commentary published on the Financial Post website on September 24th. Besides Timminco, Mesburis also promoted a Canadian company called Absolute Software Corp., whose stock peaked near $20 last year before falling to under $6 per share.


      A portfolio manager at Sprott Asset Management has also been fond of Absolute Software. In an article in the Globe and Mail from October 16, 2007, Peter Hodson, manager of Sprott Growth Fund, listed Absolute Software as one of his top five holdings. Sprott reportedly owns 17% of Timminco’s shares outstanding. A Globe and Mail article from August 14th revealed that Sprott has a history of investing in "overhyped" small cap stocks and selling off the position just before the stocks plunge in value. Some of Sprott's picks have ended up declining more than 90% in value. To read the August 14th Globe and Mail article, click herehttp://www.asensio.com/TIM/GlobeMail81408.pdf
      Avatar
      schrieb am 08.10.08 19:01:05
      Beitrag Nr. 306 ()
      Antwort auf Beitrag Nr.: 35.460.564 von Kubanisch_Rauchen am 07.10.08 17:57:30Profi...
      Avatar
      schrieb am 22.10.08 09:14:35
      Beitrag Nr. 307 ()
      TIMMINCO ANNOUNCES INCREASE IN REVOLVING LINE OF CREDIT

      Toronto, October 21, 2008 - Timminco Limited ("Timminco")(TSX: TIM) today announced that its Credit Agreement with Bank of America, N.A. has been amended to increase the maximum revolving credit line ("the Revolver") to US$50.0 million from US$32.8 million. The Revolver bears interest at US prime rate plus 0.5% to 1.25%, does not require minimum repayments and is secured by Timminco's assets. The availability of the Revolver is subject to the borrowing base net of an availability reserve. The Credit Agreement expires on March 31, 2010.

      Timminco intends to use the increased credit line to finance potential increases in working capital in support of the ramp up of its solar grade silicon production, as the new production facility, currently under construction, is commissioned in mid 2009.

      Source: http://www.timminco.com/press/08%2010%2021%20B%20of%20A%20Cr…
      Avatar
      schrieb am 04.11.08 10:17:46
      Beitrag Nr. 308 ()
      Timminco Announces Schedule for Third Quarter 2008 Earnings Release

      TORONTO, ONTARIO, Nov 03, 2008 - Timminco Limited ("Timminco") (TSX: TIM) announced today it will host a conference call on Tuesday, November 11, 2008 at 5:00 pm ETto discuss its financial results for the third quarter ended September 30, 2008. Timminco will report its third quarter financial results via news release on Tuesday, November 11, at approximately 4:30 pm ET.

      To access the conference call by telephone, dial 416-644-3420 or 1-800-731-5319. Please connect approximately 15 minutes prior to the beginning of the call to ensure participation. The conference call will be archived for replay until Tuesday, November 18, 2008 at midnight. To access the archived conference call, dial 416-640-1917 or 1-877-289-8525 and enter the reservation number 21287753#.

      A live audio webcast of the conference call will be also available at www.timminco.com. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast. The webcast will be available for replay at www.timminco.com following the live presentation.

      Source: http://www.timminco.com/press/03%2011%2008%20TIM%20Q3-08%20N…
      Avatar
      schrieb am 11.11.08 22:51:56
      Beitrag Nr. 309 ()
      So, Q3 Zahlen sind da.

      http://www.timminco.com/PressRelease.aspx?prId=919321&id=24

      Negativ:
      -Nur 300 t umg-Si verkauft in Q3 - Ramp-up hinkt somit etwas hinter meinen Hoffnungen her

      Positiv:
      -Aus 42% Bruttomarge und einem Preis von 53 $/kg komm ich auf durchschnittliche Herstellungskosten von 31 $/kg. Die Kapazitäten sind noch längst nicht vollständig hochgefahren: momentan beträgt die Produktion etwa 10% der angekündigten Produktionskapazität. D.h. bei den Kosten ist noch ein großer Fixkostenanteil dabei, der noch viel Luft nach unten bei den Kosten vermuten lässt.
      -Break even geschafft. Abzüglich Sonderbelastungen ist die schwarze Null beim Gewinn nachhaltig erreicht.
      Avatar
      schrieb am 12.11.08 23:24:42
      Beitrag Nr. 310 ()
      Antwort auf Beitrag Nr.: 35.917.014 von Albanach am 11.11.08 22:51:56
      Jupp,

      tolle Zahlen. Es sind schon alle aus dem Häuschen in Kanada.

      Ich bin mal auf Asensio´s Antwort gespannt, oder ist der jetzt weggesperrt?!

      Avatar
      schrieb am 13.11.08 14:38:11
      Beitrag Nr. 311 ()
      Q-Cells hat sich eben im Conf. Call positiv zu Timminco geäußert und war gleichzeitig ein Wenig enttäuscht, dass Elkem erneut die großvolumigen Lieferungen nach hinten verschoben hat. Nur zur Info.
      Avatar
      schrieb am 20.11.08 07:48:27
      Beitrag Nr. 312 ()
      Soo, die Bude hat auch fertig!:laugh:

      http://www.asensio.com/TIM/FP111508.pdf


      Geschwätz über Geschwätz ...
      Avatar
      schrieb am 20.11.08 23:24:44
      Beitrag Nr. 313 ()
      Antwort auf Beitrag Nr.: 36.011.466 von Kubanisch_Rauchen am 20.11.08 07:48:27:laugh::laugh::laugh::laugh:




      Vom Mrd-Unternehmen zum Pennystock!! Ich wusste es doch, das die gelogen haben das die Balken sich biegen:laugh::laugh::laugh:

      Schimmelbusch, wer einmal lügt, dem glaubt man nicht!!!:p
      Avatar
      schrieb am 12.01.09 09:27:40
      Beitrag Nr. 314 ()
      Jan 12, 2009 02:00 ET
      Timminco Provides Update on Solar Grade Silicon Operations

      TORONTO, ONTARIO--(Marketwire - Jan. 12, 2009) - Timminco Limited ("Timminco" or the "Company") (TSX:TIM) is providing an update on its solar grade silicon operations for the fourth quarter and year ended December 31, 2008.

      For the fourth quarter of 2008, Timminco produced 554 metric tons (mt) of solar grade silicon, representing an increase of 62% over that produced during the third quarter and resulting in total production of 1,214 mt for the 2008 year. Shipments of solar grade silicon for the fourth quarter were 423 mt. As a result, Timminco achieved total shipments for the 2008 year of 1,044 mt.

      The average selling price for solar grade silicon shipped in the fourth quarter was $65 per kg, resulting in gross revenue of $27.7 million for this product line in the quarter. Average selling price in the quarter reflects customer mix and the depreciation of the Canadian dollar against the Euro and US dollar during the quarter.

      In addition, Timminco commissioned its fifth and sixth production lines in the last week of November and the third week of December 2008, respectively.
      Avatar
      schrieb am 12.01.09 11:12:43
      Beitrag Nr. 315 ()
      Antwort auf Beitrag Nr.: 36.353.023 von meinolf67 am 12.01.09 09:27:40
      Mühsam aber beständig geht es vorwärts. Die 1.200 Jahrestonnen sind der untere Prognosebereich, aber immerhin!

      Relativ enttäuschend bleibt die Rohertragsmarge mit jetzt 41% in Q4. Hier muss Timminco hoffen, dass sie mit größeren Mengen die Kosten deutlich runterbekommen, denn ich bin der Auffassung, dass sich 65 Dollar / kg als Verkaufspreis für UMG mittelfristig nicht halten lassen. Die Herstellungskosten liegen derzeit jedenfalls noch über dem Niveau etablierter Siemens-Produzenten. Für eine abschließende Einschätzung ist es noch viel zu früh, aber hier zeichnet sich wahrscheinlich ein echtes Problem ab.

      @Kubaner, könntest Du Dich mal bemühen, ein paar Fakten zur Kenntnis zu nehmen? Timminco produziert mittlerweile um die 500 Tonnen UMG-Silizium pro Quartal und wird das mit jedem Quartal weiter steigern. Das Material wird von Unternehmen wir Q-Cells, Canadian Solar und wahrscheinlich LDK geprüft, abgenommen und verarbeitet. Es werden daraus in Serie Wafer, Zellen und Module gebaut und verkauft. Anders als Deine geliebte Trümmer-Truppe Solarvalue hat Timminco nicht gelogen, sondern geliefert. Dass im Kurs auch eine Rolle spielt, wie sich der gesamte Siliziummarkt entwickelt, ist eine ganz andere Frage, die Timminco überhaupt nicht beeinflussen kann. Hast Du überhaupt den Hauch einer Ahnung, was am Si-Spotmarkt abgeht? Deine permanenten Anschuldigen hier in der Zusammenschau mit Deinem Geschreibsel bei Solarvalue zeugt von absoluter Inkompetenz, die Du ganz prima mit Frechheit und Großmäuligkeit kombinierst.
      Avatar
      schrieb am 27.01.09 21:29:21
      Beitrag Nr. 316 ()
      Jan 26, 2009 18:17 ET
      Timminco Announces $25 Million Equity Financing to Strengthen Balance Sheet

      TORONTO, ONTARIO--(Marketwire - Jan. 26, 2009) -

      NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

      Timminco Limited ("Timminco" or the "Company") (TSX:TIM) today announced that it has agreed to issue a total of 7.04 million common shares at a price of $3.55 per share for aggregate gross proceeds of $25.0 million. This equity financing will be by way of private placement to certain investors, including Timminco's controlling shareholder, AMG Advanced Metallurgical Group N.V. ("AMG")(EURONEXT:AMG). AMG has agreed to subscribe for a minimum of 3.55 million common shares to be issued in this financing, at the same price per share offered to all other investors, representing $12.6 million of the expected gross proceeds. In addition, AMG has agreed to purchase any of the remaining 3.49 million common shares that are not subscribed for by other investors in this financing, at the same price per share, subject to normal closing conditions. Proceeds of the financing will be used for general corporate purposes.

      "While we believe that based on our current cash position, existing credit facilities and expected cash flow from operations Timminco is adequately capitalized to finance the remainder of our capital expansion costs at our purification facilities in Becancour, Quebec, we are completing this financing as a prudent contingency measure in light of the impact that the current global economic conditions are having on the solar photovoltaic industry," said Mr. Robert J. Dietrich, Executive Vice President - Finance and Chief Financial Officer of Timminco. "The additional capital from this financing will strengthen our balance sheet and enable us to better manage uncertainties associated with short-term demand from Timminco's solar grade silicon customers, and potential risks with accounts receivable payment terms and outstanding customer deposits. We are also complementing this equity financing with several programs to generate cash through the reduction of working capital."

      "We are pleased that AMG has demonstrated a vote of confidence in our Company and our business plans, by agreeing to participate in at least 50.4% - and, if necessary, up to 100% - of this financing," added Mr. Dietrich.

      "This funding should help enable Timminco to achieve its long-term goals," stated Mr. William Levy, Chief Financial Officer of AMG. "Despite the current economic situation, Timminco continues to offer a compelling value proposition to the crystalline solar market."

      The financing is being co-led by Clarus Securities Inc. and TD Securities Inc. as Timminco's exclusive agents (the "Agents").

      AMG currently owns 52.56 million common shares of Timminco. Upon completion of the private placement transaction, this is expected to increase to 56.11 million common shares, representing 50.34% of Timminco's total issued and outstanding share capital after completion of the offering, assuming that the remaining 3.49 million common shares are subscribed for by other investors.

      This news release shall not constitute an offer to sell or the solicitation of an offer to buy the common shares in the United States. The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any other state securities laws and may not be offered or sold in the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

      Completion of this financing, which is expected on or about February 3, 2009, is subject to certain conditions, including execution of definitive documents and receipt of all necessary regulatory approvals, including approval of the Toronto Stock Exchange. The common shares to be issued pursuant to this private placement will be subject to a four-month hold period from the date of closing.
      Avatar
      schrieb am 01.02.09 12:02:03
      Beitrag Nr. 317 ()
      Antwort auf Beitrag Nr.: 36.460.523 von meinolf67 am 27.01.09 21:29:21Fundo Wheels in Konkurs :look:

      30.01.2009

      Fundo Wheels (Høyanger/Norwegen) musste im Januar Konkurs anmelden. Nach unserem letzten Kenntnisstand waren die kanadische Timminco Ltd., die von Dr. Heinz Schimmelbusch (bekannt als ehemaliger Chef der Metallgesellschaft) geführt wird, mit 47 Prozent und die Kommune Høyanger mit 53 Prozent Gesellschafter. Mittlerweile hat auch Timminco schwache Quartalsergebnisse vorweisen müssen und ist tief in die Verlustzone gerutscht, nicht zuletzt weil das Unternehmen im dritten Quartal 2008 Abschreibungen in Höhe von 13,8 Millionen Dollar bei Fundo Wheels AS verschmerzen musste.

      http://www.reifenpresse.de/news/alle-news/detail/article/fun…
      Avatar
      schrieb am 03.02.09 17:16:02
      Beitrag Nr. 318 ()
      Press Release
      FEB 3, 2009


      TORONTO, ONTARIO--(Marketwire - Feb. 3, 2009) -

      NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

      Timminco Limited ("Timminco" or the "Company") (TSX:TIM) announced today that it completed its equity offering of 7.04 million common shares at a price of $3.55 per share for aggregate gross proceeds of $25.0 million.

      Net proceeds of the financing were $24.2 million and will be used for general corporate purposes, which includes repayment of funds drawn on the Company's revolving credit facility.

      The financing was co-led by Clarus Securities Inc. and TD Securities Inc. as Timminco's exclusive agents.

      Timminco's controlling shareholder, AMG Advanced Metallurgical Group N.V. ("AMG")(EURONEXT:AMG), subscribed for a total of 3.94 million common shares pursuant to the offering, for aggregate proceeds of $14.0 million, representing 55.9% of the financing. As a result, AMG now owns 56.50 million common shares of Timminco, representing 50.7% of Timminco's total issued and outstanding share capital.

      This news release shall not constitute an offer to sell or the solicitation of an offer to buy the common shares in the United States. The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any other state securities laws and may not be offered or sold in the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

      About Timminco

      Timminco is a leader in the production of low cost solar grade silicon for the rapidly growing solar photovoltaic energy industry. Using its proprietary, patent pending technology, Timminco purifies silicon metal into solar grade silicon (also known as upgraded metallurgical silicon) for use in the manufacture of solar cells. Timminco also produces silicon metal, magnesium extrusions and other specialty metals for use in a broad range of industrial applications serving the aluminum, chemical, pharmaceutical, electronics and automotive industries.

      Source: http://www.timminco.com/PressRelease.aspx?prId=945104&id=24
      Avatar
      schrieb am 19.02.09 08:52:41
      Beitrag Nr. 319 ()
      19.02.2009 00:44
      UPDATE 1-Timminco to merge magnesium business with Winca

      * Says to close Colorado facility later this year

      * Sees C$3 mln related charge

      Feb 18 (Reuters) - Timminco Ltd, (News) a producer of solar grade silicon, said it agreed with China-based Winca Tech Ltd to merge the main components of its magnesium and speciality metal business with Winca's magnesium operations.

      Timminco said it expects to retain a minority equity interest in the combined businesses which will be known as Applied Magnesium International, or AMI.

      The company said it will immediately start winding down production operations at its magnesium extrusion facility in Aurora, Colorado, which currently employs 52 people.

      'Some of the existing staff and management are expected to be transferred to AMI, along with certain assets and technology,' the company said.

      Timminco said it expects to record a charge of about C$3 million ($2.38 million) related to severance in the first half of the year, and the merger is expected to be completed in the second quarter of the year.

      Shares of the company, which have lost more than 55 percent in the last three months, closed at C$2.65 Wednesday on the Toronto Stock Exchange.

      ($1=1.260 Canadian Dollar)
      Avatar
      schrieb am 05.03.09 14:57:16
      Beitrag Nr. 320 ()
      Press Release
      MAR 2, 2009
      Timminco to Present at Photon International's 7th Solar Silicon Conference in Munich

      TORONTO, ONTARIO--(Marketwire - March 2, 2009) - Timminco Limited ("Timminco")(TSX:TIM) announced today that Rene Boisvert, President and Chief Executive Officer, Becancour Silicon Inc., will present at PHOTON International's 7th Solar Silicon Conference in Munich, Germany on Tuesday, March 3, 2009.

      A copy of the presentation ...http://www.timminco.com/docs/presentations/March%203rd%20200…
      Avatar
      schrieb am 05.03.09 15:42:50
      Beitrag Nr. 321 ()
      Antwort auf Beitrag Nr.: 36.706.213 von roje am 05.03.09 14:57:16Ja es ist schon traurig.
      Timminco kann es zwar unbestritten, aber keiner mehr braucht UMG-Silizium. Verkehrte Welt von gestern auf heute.............
      Avatar
      schrieb am 05.03.09 16:13:40
      Beitrag Nr. 322 ()
      Antwort auf Beitrag Nr.: 36.706.683 von capgap am 05.03.09 15:42:50


      ...und die Verträge mit z.B. Q-Cells, feste Preise für 2010 usw? nichts mehr wert?

      gasadi
      Avatar
      schrieb am 17.03.09 22:21:11
      Beitrag Nr. 323 ()
      MAR 17, 2009
      Timminco Announces Cost Containment Plan for Silicon Operations
      TORONTO, ONTARIO--(Marketwire - March 17, 2009) - Timminco Limited ("Timminco" or the "Company") (TSX:TIM) announced today that it will temporarily curtail production of silicon metal due to difficult market conditions and reduced demand for silicon metal in the chemical and aluminum industries.

      This operating mode will be implemented at the beginning of the second quarter 2009, with the goal to preserve cash flow and decrease current working capital levels. The decrease of silicon metal production will result in a temporary workforce reduction. During this period, the Company will supply silicon metal to customers from existing finished goods inventory.

      Timminco will continue to produce solar grade silicon, although at levels that bring production in line with customer orders. Customers for solar grade silicon have recently reduced their orders significantly due to the current market downturn. The Company will defer further capacity expansion of its solar grade silicon facility pending recovery of demand for solar grade silicon.

      Dr. Heinz Schimmelbusch, Chairman of the Board and Chief Executive Officer of Timminco, commented that, "The impact of global economic and credit conditions have prompted us to take decisive action to reduce costs and preserve capital until the silicon metal and solar grade silicon markets improve."

      http://www.timminco.com/PressRelease.aspx?prId=962596&id=24
      Avatar
      schrieb am 17.03.09 22:21:49
      Beitrag Nr. 324 ()
      http://www.timminco.com/PressRelease.aspx?prId=962591&id=24

      Press Release

      MAR 17, 2009
      Timminco Reports Fourth Quarter and Year-End Fiscal 2008 Results
      Solar Grade Silicon Contributes $64.6 Million to 2008 Revenue

      TORONTO, ONTARIO--(Marketwire - March 17, 2009) - Timminco Limited ("Timminco" or the "Company") (TSX:TIM), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2008.

      Fourth Quarter 2008 Highlights

      - Shipped 424 metric tons of solar grade silicon at an average selling price of $65 per kilogram, generating gross revenue of $27.7 million.

      - Consolidated sales were $72.7 million, an increase of 100% from $36.4 million for the fourth quarter of 2007.

      - Earnings before interest, taxes, depreciation, and amortization (EBITDA)(1) increased to $6.4 million from an EBITDA loss of $7.3 million for the fourth quarter of 2007.

      - Net loss was $1.3 million, or $0.01 per share, compared with a net loss of $8.8 million, or $0.08 per share, for the fourth quarter of 2007.

      - Adjusted net income(2) was $1.9 million.

      - Received $4.4 million in deposits from solar grade silicon customers under long- term contracts.

      - Amended credit agreement with Bank of America to increase the maximum revolving line of credit to US$50 million from US$32.8 million.

      Fiscal 2008 Highlights

      - Signed long-term agreements to supply solar grade silicon to leading solar cell manufacturers.

      - Commissioned six solar grade silicon purification lines at its Becancour, Quebec facility.

      - Shipped 1,045 metric tons of solar grade silicon at an average selling price of $62 per kilogram, generating gross revenue of $64.6 million.

      - Consolidated sales were $252.6 million, an increase of 52% from $166.2 million for 2007.

      - EBITDA was $21.3 million compared to an EBITDA loss of $8.9 million for 2007.

      - Net loss was $22.6 million, or $0.22 per share, compared with a loss of $18.0 million, or $0.20 per share, for 2007.

      - Adjusted net income was $10.4 million.

      Highlights Subsequent to Year End

      - Commissioned our seventh solar grade silicon purification line.

      - Completed an equity offering by way of a private placement to AMG Advanced Metallurgical Group N.V. ("AMG") and several other investors, generating net proceeds of $24.2 million.

      - Signed a non-binding letter of intent to merge the principal components of the Company's magnesium business with Winca Tech Limited, a China-based producer of magnesium products.

      - Commenced an orderly wind down of operations at the Company's magnesium extrusion facility in Aurora, Colorado.

      Global economic conditions have deteriorated rapidly over the last several months as a result of the financial crisis and recession that negatively impacted markets in North America, Europe and Asia during 2008. These developments are having and will likely continue to have a broad-reaching impact on the Company's businesses and the industries in which they operate. The severity, duration and impact of these developments are not yet fully understood. Many of the Company's customers are experiencing financial constraints and have reduced or deferred their purchases. In response to this current environment, the Company has subsequent to the year end announced certain initiatives in both its Silicon and Magnesium Groups, including those noted above and a cost containment plan as separately announced today, to reduce expenditures and accelerate reduction of working capital.

      "2008 was a transformational year for Timminco marked by significant progress in the build out of our solar grade silicon product line, which contributed nearly $65 million to revenue," said Dr. Heinz Schimmelbusch, Chairman of the Board and Chief Executive Officer of Timminco. "Based on our proprietary purification process in the production of UMG Si, Timminco is positioned to capitalize on the long-term opportunity in the solar industry. In the near term, however, the rapid deterioration of global economic and credit conditions and its profound impact on demand for solar energy installations have caused many of our customers to reduce orders. However, with a low-cost purification process for producing solar grade silicon, we remain confident about our prospects as market conditions improve. Moreover, through our relationship with AMG, we are exploring opportunities to leverage our position as a leading supplier of UMG Si to further improve the value proposition of our product."

      Financial Results

      Timminco has two reporting segments: the Silicon Group, which includes the silicon metal and solar grade silicon product lines, and the Magnesium Group, which includes the magnesium extrusion, fabrication and specialty metals product lines.

      Consolidated sales for the fourth quarter of 2008 were $72.7 million, an increase of 100% from $36.4 million for the fourth quarter of 2007. Consolidated sales for the 2008 year were $252.6 million, an increase of 52% from $166.2 million for 2007. The increases were primarily attributable to higher sales for the Company's Silicon Group, specifically its solar grade silicon and silicon metal products.

      Earnings before interest, taxes, depreciation and amortization (EBITDA) for the fourth quarter of 2008 increased to $6.4 million from an EBITDA loss of $7.3 million for the fourth quarter of 2007. EBITDA for the 2008 year increased to $21.3 million from an EBITDA loss of $8.9 million for 2007.

      Net loss for the fourth quarter of 2008 was $1.3 million, or $0.01 per share, compared to a net loss of $8.8 million, or $0.08 per share, for the fourth quarter of 2007. Net loss for the fourth quarter of 2008 included updated charges for provisions related to reorganization, environmental remediationand capital asset impairments Excluding these items, adjusted net income for the fourth quarter of 2008 was $1.9 million. Net loss for the 2008 year was $22.6 million, or $0.22 per share, compared to a net loss of $18.0 million, or $0.20 per share for 2007. The increase in the net loss for the 2008 year was primarily the result of charges relating to the closure of the Magnesium Group's Haley, Ontario manufacturing facility and an asset impairment charge relating to the Company's investment in Fundo Wheels. Excluding the Haley costs, impairment charges, and the equity in the loss of Fundo Wheels, adjusted net income for the 2008 year was $10.4 million.

      During the fourth quarter of 2008, Timminco invested approximately $20.0 million to support the expansion of its solar grade silicon production facility to 14,400 metric tons of nominal annual production capacity. Total investment in the Company's solar grade silicon production facility for the 2008 year was approximately $67.0 million.

      Cash and short-term investments at December 31, 2008 were $4.6 million compared to $34.6 million at December 31, 2007. During the fourth quarter of 2008, the Company received deposits of $4.4 million from customers under solar grade silicon supply contracts. At December 31, 2008, the Company had funds available to it through its revolving credit facility of US$6.2 million. Subsequent to the year-end, Timminco completed an equity offering of 7.04 million common shares at a price of $3.55 per share for aggregate gross proceeds of $25.0 million. The Company believes it will have sufficient liquidity to finance its working capital needs, based on its revolving credit facility, expected cash flow from operations and cash on hand.

      Silicon Group

      Sales for the Silicon Group for the fourth quarter of 2008 were $58.5 million, an increase of 140% from $24.3 million for 2007, and accounted for 80% of Timminco's total sales. Sales for the 2008 year were $189.5 million, an increase of 83% from $103.7 million for 2007 and accounted for 75% of Timminco's total sales. The increases were due to higher sales volumes for each of the solar grade silicon and silicon metal product lines, as well as higher average selling prices for silicon metal. The weakness of the Canadian dollar relative to the US dollar and the Euro had a favourable impact on sales of $6.5 million for the fourth quarter of 2008 and $8.8 million for the 2008 year.

      The Silicon Group shipped 424 metric tons of solar grade silicon in the fourth quarter, an increase of 41% from 300 metric tons shipped in the third quarter of 2008, generating revenue of $27.7 million. For the 2008 year, the Silicon Group shipped 1,045 metric tons of solar grade silicon, generating revenue of $64.6 million.

      Gross profit for the fourth quarter of 2008 increased to $15.4 million, or 26.3% of sales, from negative $2.7 million, or negative 11.1% of sales, for the fourth quarter of 2007. Gross profit for the 2008 year increased to $40.1 million, or 21.2% of sales, from $0.9 million, or 0.9% of sales, for 2007. Total solar grade silicon product cost of sales for the fourth quarter 2008 and fiscal 2008 were $12.6 million and $33.0 million respectively. The increases in gross profit were primarily the result of higher sales volumes of solar grade silicon.

      EBITDA for the fourth quarter of 2008 increased to $11.6 million from an EBITDA loss of $2.1 million for the fourth quarter of 2007. EBITDA for the 2008 year increased to $31.9 million from an EBITDA loss of $0.7 million for 2007. The increases are the result of the change in the sales mix to a higher proportion of solar grade silicon, the favourable impact of translation of U.S. dollar and Euro denominated sales to Canadian dollars and higher margins on solar grade silicon.

      Net income for the fourth quarter of 2008 increased to $7.5 million from a net loss of $3.1 million for the fourth quarter of 2007 and net income for the 2008 year increased to $19.9 million from a net loss of $1.6 million for 2007.

      Magnesium Group

      Sales for the Magnesium Group for the fourth quarter of 2008 were $14.2 million, an increase of 17% from $12.1 million for the fourth quarter of 2007. The increase is attributable to price increases across most product lines in response to higher magnesium metal costs, which were partially offset by lower sales volumes due to the weak US economy. Sales for the 2008 year were $63.1 million compared to $62.4 million for 2007.

      Gross profit for the fourth quarter of 2008 increased to $1.2 million, or 8.4% of sales, from $0.1 million, or 0.9% of sales, for the fourth quarter of 2007. Gross profit for the 2008 year increased to $8.0 million, or 12.6% of sales, from $5.6 million, or 8.9% of sales for the 2007 year.

      EBITDA loss for the fourth quarter of 2008 was $2.3 million compared to an EBITDA loss of $3.9 million for the fourth quarter of 2007. EBITDA loss for 2008 was $2.0 million compared with an EBITDA loss of $3.0 million for 2007. The decrease in EBITDA loss was the result of the rationalization of the Magnesium Group's operations to lower raw material and production costs.

      Net loss for the fourth quarter of 2008 was $3.9 million compared with a net loss of $2.7 million for the fourth quarter of 2007 and net loss for the 2008 year was $14.7 million compared with a net loss of $4.1 million for 2007. The increase for the 2008 year is primarily the result of the reorganization charge relating to the closure of the Haley, Ontario manufacturing facility.

      Subsequent to year end, the Company undertook the next phase of its divestiture of the Magnesium Group by signing a non-binding letter of intent to merge its principal components with Winca Tech Limited, a China-based producer of magnesium products, and commencing the orderly wind down of operations at the Company's magnesium extrusion facility in Aurora, Colorado.




      Financial Highlights
      Three Months Ended Year Ended
      Dec. 31, Dec. 31, Dec. 31, Dec. 31,
      2008 2007 2008 2007
      ($000's except per
      share amounts)
      Sales $ 72,728 $ 36,439 $ 252,563 $ 166,156


      Gross profit 16,583 (2,588) 48,023 6,506


      Gross profit
      percentage 22.8% (7.1%) 19.0% 3.9%


      EBITDA 6,407 (7,336) 21,263 (8,910)


      Net income (1,278) (8,836) (22,609) (18,036)


      Loss per common share,
      basic and diluted (0.01) (0.08) (0.22) (0.20)
      Working capital
      (excluding
      available cash items) 49,326 32,363 49,326 32,363
      Total assets 303,022 187,281 303,022 187,281
      Cash and marketable
      securities 4,628 34,614 4,628 34,614
      Bank debt 51,439 21 51,439 21
      Total long term
      liabilities 52,561 26,196 52,561 26,196
      Weighted average number
      of common shares
      outstanding,
      basic and diluted 104,275 103,978 104,126 90,080



      Summary of Operations


      Three Months Ended Year Ended
      Dec. 31, Dec. 31, Dec. 31, Dec. 31,
      2008 2007 2008 2007
      (000's, except per share
      amounts)
      Sales
      Silicon $58,535 $24,339 $189,452 $103,748
      Magnesium 14,193 12,100 63,111 62,408
      Total 72,728 36,439 252,563 166,156


      Gross Profit(3)
      Silicon 15,387 (2,693) 40,068 939
      Magnesium 1,196 105 7,955 5,567
      Total 16,583 (2,588) 48,023 6,506


      Gross Profit
      Percentage
      Silicon 26.3% (11.1%) 21.2% 0.9%
      Magnesium 8.4% 0.9% 12.6% 8.9%
      Total 22.8% (7.1%) 19.0% 3.9%


      EBITDA
      Silicon 11,556 (2,050) 31,935 (677)
      Magnesium (2,324) (3,875) (1,999) (2,880)
      Corporate / Other (2,825) (1,411) (8,673) (5,353)
      Total 6,407 (7,336) 21,263 (8,910)


      Net Income (Loss)
      Silicon 7,499 (3,098) 19,864 (1,590)
      Magnesium (3,902) (2,712) (14,668) (4,142)
      Corporate / Other (4,875) (3,026) (27,805) (12,304)
      Total (1,278) (8,836) (22,609) (18,036)


      Loss per common share,
      basic and diluted (0.01) (0.08) (0.22) (0.20)


      Weighted average number
      of common shares
      outstanding, basic and
      diluted 104,275 103,978 104,126 90,080





      Timminco will file its audited consolidated financial statements for the year ended December 31, 2008, and related management's discussion and analysis (MD&A) with securities regulatory authorities within the applicable timelines. Such financial statements, MD&A and related documents will be available through SEDAR at www.sedar.com as well as through Timminco's website, www.timminco.com.

      Conference call

      Timminco will host a conference call today (Tuesday, March 17, 2009) at 5:00 pm ET to discuss its financial results for the fourth quarter and year ended December 31, 2008. To access the conference call by telephone, dial 416-644-3417 or 1-800-732-9303. Please connect approximately 15 minutes prior to the beginning of the call to ensure participation. The conference call will be archived for replay until Tuesday, March 24, 2009 at midnight. To access the archived conference call, dial 416-640-1917 or 1-877-289-8525 and enter the reservation number 21297430#.

      A live audio webcast of the conference call will be also available at www.timminco.com. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast. The webcast will be available for replay at www.timminco.com following the live presentation.

      About Timminco

      Timminco is a leader in the production of low cost solar grade silicon for the solar photovoltaic energy industry. Using its proprietary, patent pending technology, Timminco purifies silicon metal into solar grade silicon (also known as upgraded metallurgical silicon) for use in the manufacture of solar cells. Timminco also produces silicon metal, magnesium extrusions and other specialty metals for use in a broad range of industrial applications serving the aluminum, chemical, pharmaceutical, electronics and automotive industries.

      Cautionary Note on Forward-Looking Information

      This news release contains "forward-looking information", as such term is defined in applicable Canadian securities legislation, concerning Timminco's future financial or operating performance and other statements that express management's expectations or estimates of future developments, circumstances or results. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "anticipates", "budget", "scheduled", "estimates", "forecasts", "intends", "plans" and variations of such words and phrases, or by statements that certain actions, events or results "may", "will", "could", "would" or "might" "be taken", "occur" or "be achieved". In this news release, such information includes statements regarding Timminco's liquidity and capital resources and future production capacity. Forward-looking information is based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Timminco operates, are inherently subject to significant operational, economic and competitive uncertainties and contingencies.

      Timminco cautions that forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Timminco's actual results, performance or achievements to be materially different from those expressed or implied by such information, including, but not limited to: global economic conditions; customer commitments under long-term contracts for solar grade silicon; limitations under existing credit facilities; cost of solar grade silicon production; protection of intellectual property rights; increasing and maintaining the purity of solar grade silicon; selling prices for solar grade silicon; price volatility for silicon metal; pricing and availability of raw materials for silicon metal and solar grade silicon production; expansion of solar grade silicon production and sales; production capacity expansion at the Becancour facilities; limited history with solar grade silicon production; dependence upon power supply for silicon metal production; closure of magnesium facilities and execution of proposed joint venture for the magnesium business; price volatility for magnesium metal; magnesium supply chain interruptions; dependence upon key customers of magnesium extruded and fabricated products; financing requirements for capital expenditures; foreign currency exchange; dependence upon key executives and employees; customer concentration; completion and integration of potential acquisitions, partnerships or joint ventures; risks with foreign operations and suppliers; environmental, health and safety laws and liabilities; equipment failures; transportation disruptions; conflicts of interest; intellectual property infringement claims; new regulatory requirements; labour disputes; and changes in laws. These factors are discussed in greater detail in Timminco's Annual Information Form for the year ended December 31, 2007, and in Timminco's most recent Management's Discussion and Analysis, each of which is available via the SEDAR website at www.sedar.com.

      Although Timminco has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in forward-looking information, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information in this news release is made as of the date of this news release and Timminco disclaims any intention or obligation to update or revise such information, except as required by applicable law.

      Non-GAAP Financial Measures

      (1) EBITDA is not a recognized measure under Canadian generally accepted accounting principles ("GAAP"). Management believes that, in addition to net income (loss), EBITDA is a useful supplemental measure as it provides investors with an indication of cash available for distribution prior to debt service, past pension service obligations, capital expenditures, income taxes and restructuring cash payments. Investors should be cautioned, however, that EBITDA should not be construed as an alternative to net income determined in accordance with GAAP as an indicator of the Company's profitability. Also, EBITDA should not be construed as an alternative to cash flows from operating, investing and financing activities as a measure of liquidity and cash flows. The Company's method of calculating EBITDA may differ from other companies and, accordingly, EBITDA may not be comparable to measures used by other companies. EBITDA is calculated as follows:




      ----------------------------------------------------------------------------
      EBITDA (Earnings Before Interest Taxes
      Depreciation and Amortization)
      ----------------------------------------------------------------------------
      ($000's)
      ----------------------------------------------------------------------------
      2008 2007 2008 2007
      ----------------------------------------------------------------------------
      Q4 Q4 Year Year
      ----------------------------------------------------------------------------


      ----------------------------------------------------------------------------
      Net loss (1,278) (8,836) (22,609) (18,036)
      ----------------------------------------------------------------------------
      Add back (subtract):
      ----------------------------------------------------------------------------
      Income taxes 1,611 (1,299) 5,698 (1,210)
      ----------------------------------------------------------------------------
      Impairment of Fundo Wheels AS (1,415) - 12,430 -
      ----------------------------------------------------------------------------
      Equity in the loss of Fundo
      Wheels AS 1,415 1,376 3,075 3,798
      ----------------------------------------------------------------------------
      Impairment of property, plant and
      equipment 1,025 - 1,351 -
      ----------------------------------------------------------------------------
      Loss (gain) on the sale of property, plant
      and equipment 5 15 (370) (26)
      ----------------------------------------------------------------------------
      Interest 796 573 1,610 2,684
      ----------------------------------------------------------------------------
      Amortization of intangible assets 170 137 583 550
      ----------------------------------------------------------------------------
      Amortization of property, plant and
      equipment 2,525 986 6,706 3,146
      ----------------------------------------------------------------------------
      Reorganization costs (recovery) 970 (397) 2,629 (363)
      ----------------------------------------------------------------------------
      Environmental remediation costs (136) - 3,908 78
      ----------------------------------------------------------------------------
      Pension curtailment costs (326) - 4,274 -
      ----------------------------------------------------------------------------
      Stock-based compensation 1,215 109 1,978 469
      ----------------------------------------------------------------------------
      EBITDA 6,407 (7,336) 21,263 (8,910)
      ----------------------------------------------------------------------------





      (2) Adjusted net income is not a recognized measure under GAAP. However, management believes that, in addition to net income (loss), adjusted net income is a useful supplemental measure as it provides investors with an indication of the ongoing profits generated on products sold to customers after corporate overhead expenses. Management defines adjusted net income as net income before income taxes, impairment of investment in Fundo Wheels, equity in the loss of Fundo Wheels, gain on sale of property, plant and equipment, impairment of capital assets, defined benefit plan curtailment costs, environmental remediation costs and reorganization costs. Adjusted net income is calculated as follows:




      ----------------------------------------------------------------------------
      Adjusted Net Income
      ----------------------------------------------------------------------------
      ($000's)
      ----------------------------------------------------------------------------
      2008 2007 2008 2007
      ----------------------------------------------------------------------------
      Q4 Q4 Year Year
      ----------------------------------------------------------------------------


      ----------------------------------------------------------------------------
      Net loss (1,278) (8,836) (22,609) (18,036)
      ----------------------------------------------------------------------------
      Add back (subtract):
      ----------------------------------------------------------------------------
      Income taxes 1,611 (1,299) 5,698 (1,210)
      ----------------------------------------------------------------------------
      Impairment of Fundo Wheels AS (1,415) - 12,430 -
      ----------------------------------------------------------------------------
      Equity in the loss of Fundo
      Wheels AS 1,415 1,376 3,075 3,798
      ----------------------------------------------------------------------------
      Impairment of property, plant and
      equipment 1,025 - 1,351 -
      ----------------------------------------------------------------------------
      Loss (gain) on the sale of property, plant
      and equipment 5 15 (370) (26)
      ----------------------------------------------------------------------------
      Reorganization costs (recovery) 970 (397) 2,629 (363)
      ----------------------------------------------------------------------------
      Environmental remediation costs (136) - 3,908 78
      ----------------------------------------------------------------------------
      Pension curtailment costs (326) - 4,274 -
      ----------------------------------------------------------------------------


      ----------------------------------------------------------------------------
      Adjusted Net Income 1,871 (9,141) 10,386 (15,759)
      ----------------------------------------------------------------------------





      (3) Gross profit is not a recognized measure under GAAP. Management believes that in addition to net income (loss), gross profit is a useful supplemental measure as it provides investors with an indication of the profits generated on productions sold to customers before corporate overhead expenses. Investors should be cautioned, however, that gross profit should not be construed as an alternative to net income determined in accordance with GAAP as an indicator of the Company's profitability. The Company's method of calculating gross profit may differ from other companies and accordingly, gross profit may not be comparable to measures used by other companies. Gross profit is calculated as follows:




      ----------------------------------------------------------------------------
      Gross Profit
      ----------------------------------------------------------------------------
      ($000's)
      ----------------------------------------------------------------------------
      2008 2007 2008 2007
      ----------------------------------------------------------------------------
      Q4 Q4 Year Year
      ----------------------------------------------------------------------------
      Sales 72,728 36,439 252,563 166,156
      ----------------------------------------------------------------------------
      Cost of Goods Sold 56,145 39,027 204,540 159,650
      ----------------------------------------------------------------------------
      Gross Profit 16,583 (2,588) 48,023 6,506


      Timminco Limited


      Consolidated Balance Sheets


      As at December 31 2008 2007
      ----------------------------------------------------------------------------
      (in thousands of Canadian dollars)


      ASSETS
      Current Assets
      Cash and cash equivalents $ 4,512 $ 19,463
      Short term investments 116 15,151
      Accounts receivable 37,243 19,086
      Inventories 95,920 40,082
      Prepaid expenses and deposits 2,353 1,841
      Future income taxes 3,235 3,923
      ----------------------
      143,379 99,546
      ----------------------


      Long term receivables 1,329 1,012
      Property, plant and equipment 130,847 43,591
      Investment in Fundo Wheels AS - 11,502
      Employee future benefits 510 3,940
      Future income taxes 5,825 5,975
      Intangible assets 4,305 4,888
      Goodwill 16,827 16,827
      ----------------------
      $ 303,022 $ 187,281
      ----------------------
      ----------------------


      LIABILITIES
      Current Liabilities
      Bank indebtedness $ 51,439 $ 21
      Accounts payable and accrued liabilities 61,087 31,750
      Current portion of deposits 25,568 -
      Due to affiliated companies 7,661 5,897
      Future income taxes - 40
      Current portion of long term provisions 2,501 779
      ----------------------
      148,256 38,487


      Other long term liabilities 195 300
      Deposits 18,036 -
      Employee future benefits 19,080 18,026
      Future income taxes 9,284 4,470
      Long term provisions 5,966 3,400
      ----------------------
      200,817 64,683
      ----------------------


      SHAREHOLDERS' EQUITY
      Capital stock 199,688 199,281
      Equity component of convertible notes 2,521 2,521
      Contributed surplus 5,069 3,243
      Deficit (104,205) (81,596)
      Accumulated other comprehensive loss (868) (851)
      ----------------------
      102,205 122,598
      ----------------------
      $ 303,022 $ 187,281
      ----------------------
      ----------------------


      Timminco Limited


      Consolidated Statements of Operations and
      Comprehensive Loss


      ----------------------------------------------------------------------------
      Years ended December 31 2008 2007
      ----------------------------------------------------------------------------
      (in thousands of Canadian dollars, except for
      loss per share information)


      Sales $ 252,563 $ 166,156


      Expenses
      Cost of goods sold 204,540 159,650
      Selling and administrative 23,747 16,557
      Amortization of property, plant and
      equipment 6,706 3,146
      Amortization of intangible assets 583 550
      Interest 1,610 2,684
      Foreign exchange loss (gain) 4,991 (672)
      ----------------------------


      Income (loss) before the undernoted 10,386 (15,759)


      Environmental remediation costs (3,908) (78)
      Reorganization (costs) recovery (2,629) 363
      Defined benefit plan curtailment costs (4,274) -
      Gain on sale of property, plant and
      equipment 370 26
      Equity in the loss of Fundo Wheels AS (3,075) (3,798)
      Impairment of capital assets (1,351) -
      Impairment of investment in Fundo Wheels
      AS (12,430) -
      ----------------------------


      Loss before income taxes (16,911) (19,246)
      Income tax expense (recovery)
      Current 89 146
      Future 5,609 (1,356)
      ----------------------------
      5,698 (1,210)


      ----------------------------
      Net loss $ (22,609) $ (18,036)
      ----------------------------


      Other comprehensive income (loss), net
      of income taxes


      Loss on foreign exchange forwards
      realized in net loss
      in the period - 979


      Unrealized loss on translating
      financial statements of
      self-sustaining foreign operation (17) (493)


      ----------------------------
      Comprehensive loss $ (22,626) $ (17,550)
      ----------------------------
      ----------------------------


      Loss per common share - basic and
      diluted $ (0.22) $ (0.20)
      ----------------------------
      ----------------------------
      Weighted average number of common shares
      outstanding - basic and diluted 104,126,099 90,079,950
      ----------------------------
      ----------------------------


      Consolidated Statements of Deficit


      ----------------------------------------------------------------------------
      Years ended December 31 2008 2007
      (in thousands of Canadian dollars)
      ----------------------------------------------------------------------------


      Deficit, beginning of year $ (81,596) $ (63,560)
      Net loss (22,609) (18,036)
      ----------------------------


      Deficit, end of year $ (104,205) $ (81,596)
      ----------------------------
      ----------------------------



      Timminco Limited


      Consolidated Statements of Cash Flows


      ----------------------------------------------------------------------------
      Years ended December 31 2008 2007
      ----------------------------------------------------------------------------
      (in thousands of Canadian dollars)


      Cash flows from (used in) operating activities
      Net loss $ (22,609) $ (18,036)
      Adjustments for items not requiring cash
      Amortization of property, plant and equipment 6,706 3,146
      Amortization of intangible assets 583 550
      Accretion of convertible debt 681 825
      Stock-based compensation 1,978 469
      Reorganization costs 2,629 (363)
      Environmental remediation costs 3,908 78
      Defined benefit plan curtailment costs 4,274 -
      Benefits plan expense 4,362 2,913
      Gain on disposal of property, plant and equipment (370) (26)
      Unrealized foreign exchange loss 1,591 -
      Future income taxes 5,609 (1,226)
      Equity in the loss of Fundo Wheels AS 3,075 3,798
      Impairment of capital assets 1,351
      Impairment of investment in Fundo Wheels AS 12,430 -
      Deposits from customers 45,534 -
      Defined benefit pension plan contributions (4,365) (4,303)
      Expenditures charged against provision for
      reorganization (1,921) (2,004)
      Expenditures charged against other long term
      provisions (436) (228)


      Change in non-cash working capital items
      (Increase) decrease in accounts receivable (18,275) 810
      Increase in inventories (55,882) (7,145)
      (Increase) decrease in prepaid expenses
      and deposits (512) 319
      Increase in accounts payable and accrued
      liabilities 12,954 369
      Decrease in deposits (1,930) -
      ----------------------------
      1,365 (20,054)
      ----------------------------


      Cash flows from (used in) investing activities
      Capital expenditures (80,134) (22,611)
      Development costs capitalized - (1,176)
      Decrease (increase) in short term investments 15,035 (15,151)
      Investment in Fundo Wheels AS - (1,838)
      Investment in convertible notes (4,020) (4,782)
      Increase in long term receivables (199) (939)
      Proceeds on disposal of property, plant and equipment 434 772
      Other (86) (12)
      ----------------------------
      (68,970) (45,737)
      ----------------------------


      Cash flows from (used in) financing activities
      Issuance of common shares 255 111,863
      Increase (decrease) in bank indebtedness 51,418 (26,222)
      Repayment of other liabilities and long term debt (102) (4,403)
      Increase in loans from affiliated company 1,083 3,212
      ----------------------------
      52,654 84,450
      ----------------------------


      Net increase (decrease) in cash during the year (14,951) 18,659


      Cash and cash equivalents, beginning of year 19,463 804


      ----------------------------
      Cash and cash equivalents, end of year $ 4,512 $ 19,463
      ----------------------------
      ----------------------------
      Supplemental cash flow information
      Cash paid during the year:
      Interest $ 509 $ 1,507
      ----------------------------
      ----------------------------
      Income taxes $ 58 $ 219
      ----------------------------
      ----------------------------
      Avatar
      schrieb am 18.03.09 14:17:22
      Beitrag Nr. 325 ()
      In FRA für 1,15 zu haben ... auf dem Weg zum Pennystock:laugh:

      Jaja, die Lügen des Herrn ...:laugh:
      Avatar
      schrieb am 18.04.09 10:19:48
      Beitrag Nr. 326 ()
      Antwort auf Beitrag Nr.: 36.792.226 von Kubanisch_Rauchen am 18.03.09 14:17:22ist hier noch jemand? der weg zum pennystock konnte wohl vermieden werden. umsätze sind hoch. ist hier neues leben eingehaucht worden?????? kiann mich jemand in kenntnis setzen? vielen dank! milky
      Avatar
      schrieb am 18.04.09 13:51:46
      Beitrag Nr. 327 ()
      Antwort auf Beitrag Nr.: 36.994.486 von milkymaid am 18.04.09 10:19:48Im Rahmen der Wiederenddeckung der völlig zerbombten Solarwerte ist auch Timminco wieder etwas mehr ins Rampenlicht gerückt. Das gleiche gilt für die Mutter AMG, die ebenfalls Boden gut machen konnte.

      Näheres siehe hier:

      Thread: Kein Titel für Thread 1134643110

      Bedarf ist ja reichlich vorhanden. Wenn jetzt die Finanzquellen wieder sprudeln ist das Gröbste vielleicht überwunden.Der Markt nimmt es vorweg.
      Avatar
      schrieb am 18.04.09 17:00:40
      Beitrag Nr. 328 ()
      http://www.deepcapture.com/shocking-insights-into-the-mind-o…

      ... There might be no other explanation for what transpires in this debate, which includes such gems as the following by Asensio:

      “There should be no reason to borrow stock. One should be able to sell stock at will, regardless of whether the people that are manipulating the stock up are willing to lend it to short sellers…There is absolutely no economic reason why America should cause and force short sellers to borrow stock.”



      Wahrscheinlich entdecken die Anleger grade den wahren Wert von Timinco wieder. Ansonsten schließe ich mich dem Vorgänger-Posting an.
      Avatar
      schrieb am 18.04.09 17:59:43
      Beitrag Nr. 329 ()
      Antwort auf Beitrag Nr.: 36.995.616 von UWR_Kerl am 18.04.09 17:00:40vielen dank für die starthilfe - ich werds dann mal versuchen mit ein paar stückchen. schönes we! milky
      Avatar
      schrieb am 20.04.09 15:07:57
      Beitrag Nr. 330 ()
      :look:
      Avatar
      schrieb am 20.04.09 16:42:02
      Beitrag Nr. 331 ()
      Antwort auf Beitrag Nr.: 37.002.380 von Popeye82 am 20.04.09 15:07:57:cry:;) jetzt läßt sichs einsteigen....
      Avatar
      schrieb am 20.04.09 17:28:31
      Beitrag Nr. 332 ()
      http://www.marketwire.com/press-release/Amg-Advanced-Metallu…



      SOURCE: AMG Advanced Metallurgical Group N.V.
      Apr 20, 2009 09:24 ET
      AMG subsidiary Timminco provides update on solar grade silicon customers and operations and announce proposed financing and new president and chief operating officer

      AMSTERDAM, NETHERLANDS--(Marketwire - April 20, 2009) - AMG Advanced Metallurgical Group N.V.'s ("AMG," EURONEXT AMSTERDAM: "AMG") 50.7% owned subsidiary, Timminco Limited ("Timminco" or the "Company"; TSX: TIM), announced today an update on its on-going discussions with solar grade silicon customers. These discussions have focused on alternatives to the existing contractual commitments, in the context of maintaining long-term relationships with customers in light of the challenging economic environment and market conditions affecting the solar industry.

      In the course of these negotiations, some of the Company's solar grade silicon customers have asserted that their contracts have been terminated due to non-compliance. We are in active discussions with each of these customers with respect to their positions and the terms of future relationships, including quality, quantity and pricing for solar grade silicon. These customers have paid deposits, which were non-interest bearing pre-payments to be credited against future deliveries of solar grade silicon under the contracts. As described in more detail in the Company's financial statements and management's discussion and analysis, in the event of an early termination or completion of a supply contract without full utilization of the deposit amount, any remaining balance on the deposit is to be repaid to the customer within a specified time period.

      Timminco also announced an update on its solar grade silicon production operations. For the first quarter of 2009, the Company shipped 131 metric tons (mt) of solar grade silicon. The average selling price for such shipments was $58 per kg, resulting in gross revenue of $7.6 million for this product line in the quarter.

      Timminco is pursuing discussions with its controlling shareholder, AMG, regarding it leading a potential equity offering for aggregate gross proceeds of $15.0 million. Such offering is expected to be by way of a private placement, with AMG subscribing for a minimum of 50%, and up to 100%, of the common shares that may be issued. Such offering would be subject to AMG's supervisory board approval, execution of definitive documents and receipt of all necessary regulatory approvals, including approval of the Toronto Stock Exchange. Clarus Securities Inc. has been appointed to represent the Company as the sole agent for this offering.

      Timminco further announced the promotion of Mr. John Fenger, President - Light Metals, as the new President and Chief Operating Officer of Timminco. Most recently, Mr. Fenger was responsible for the restructuring of Timminco's magnesium business. Mr. Fenger spent most of his career at Elkem AS where he had most recently been Corporate Vice President and General Manager of that company's Foundry Market Division. In that position and as Senior Vice President of Elkem's Materials Division, Mr. Fenger had full responsibility for its silicon business as well as other metals businesses throughout the world. Mr. Fenger has had extensive experience in the solar industry as a co-founder and a Director of Renewable Energy Corporation, Norway (REC). Mr. Fenger has also served with Deloitte & Touche LLP as Director of International Business Consulting and with Allied Resource Corporation.

      Dr. Heinz C. Schimmelbusch, Chief Executive Officer of Timminco, stated: "Mr. Fenger's performance in restructuring Timminco's magnesium business, formerly our primary operating division, exhibited his strong managerial skills and operating experience. He will significantly increase the depth of our management team."

      This news release shall not constitute an offer to sell or the solicitation of an offer to buy the common shares in the United States. The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any other state securities laws and may not be offered or sold in the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
      Avatar
      schrieb am 20.04.09 17:46:35
      Beitrag Nr. 333 ()
      Antwort auf Beitrag Nr.: 37.003.708 von UWR_Kerl am 20.04.09 17:28:31Wäre interessant zu wissen was das für NICHT-Übereinstimmungen sind.

      Die Menge des vertickerten Krams ist ca. die Hälfte von Q4 08, was ja auch nicht toll ist. Hat denen wer in die Si-Suppe gespuckt?!

      Aktueller Börsenwert von TIM: 271.48M$

      Wenn TIM auch nur 10.000 MT bis Ende 2010 an den Mann bringt mit Ihrer 50% Gewinnmarge (30$/kg), dann sind das alleine schon 300M$ Gewinn.

      Wo ist der Haken? Was stimmt da nicht?! Was schimmelt da?
      Avatar
      schrieb am 20.04.09 17:52:07
      Beitrag Nr. 334 ()
      Timminco (C$2.51, -C$1.29, -34%) said it continues to hold talks with its solar-grade silicon customers, focusing on alternatives to the existing contractual commitments in order to maintain long-term relationships with customers. It also said it's in talks with its controlling shareholder about a potential C$15 million equity offering. John Fenger has been named president and chief operating officer.

      http://online.wsj.com/article/BT-CO-20090420-710289.html
      Avatar
      schrieb am 20.04.09 19:15:42
      Beitrag Nr. 335 ()
      Antwort auf Beitrag Nr.: 37.003.862 von UWR_Kerl am 20.04.09 17:46:35
      Wo ist der Haken?

      capgap hat ja schon vor vielen Wochen geschrieben, welche Ironie hier vorliegt: Timminco hat das geschafft, was andere bisher erfolglos versucht haben: PV-taugliches UMG-Si zu produzieren.

      Und kaum haben sie den Stein der Weisen gefunden, braucht keiner mehr UMG-Si, weil es einfach genug - plötzlich wieder preiswertes - Siemens-Si gibt (und es wird immer mehr...).

      Q-Cells nimmt derzeit nichts mehr ab und die anderen Kunden... weiß nicht... da wird nicht mehr viel laufen. Wenn ich Endkunde wäre, würde ich auch keine Experimente mit unerprobtem Material machen wollen, wenns schöne c-Si Module zu vernünftigen Preisen gibt.

      Das wird übrigens auch die ganzen neuen a-Si-TF-Buden treffen, die sich von AMAT Fabs bauen lassen imho. Die werden ihr Zeug nicht los werden, weil die Kunden jetzt keine Experimante machen müssen.
      Avatar
      schrieb am 20.04.09 22:00:41
      Beitrag Nr. 336 ()
      Antwort auf Beitrag Nr.: 37.002.380 von Popeye82 am 20.04.09 15:07:57vor 2 wochen.... beginn des anstiegs:

      APR 8, 2009
      Timminco Signs Definitive Agreements With Winca to Merge Magnesium Businesses

      TORONTO, ONTARIO--(Marketwire - April 8, 2009) - Timminco Limited ("Timminco") (TSX:TIM) announced today that, further to its announcement on February 18, 2009, Timminco has executed definitive agreements with Winca Tech Limited, a leading Chinese-based producer of magnesium products ("Winca"), to merge the principal components of Timminco's magnesium and specialty metals business with all of Winca's magnesium operations. The combined business will be known as Applied Magnesium International ("AMI") and will be based in Denver, Colorado. Timminco's equity interest in AMI will be approximately 20%. Personnel from Timminco's magnesium business are expected to fill key management positions within AMI, and Timminco will also have representation on the board of directors of AMI, along with Winca and independent representatives.

      The merger is expected to be completed by mid 2009. In the interim, Timminco and Winca will operate under certain inventory transitional arrangements that are designed to ensure that customer orders for magnesium products and specialty metals continue to be fulfilled and allow Timminco to negotiate future customer supply agreements for the benefit of AMI. Completion of the merger is subject to a number of conditions, including financing for AMI's operations, Timminco's senior lender approval, and negotiation and execution of ancillary agreements and arrangements regarding the structure and operation of the combined business.

      In addition, Timminco confirmed that the closure of its Aurora magnesium extrusion operations and the recovery of working capital from its magnesium business are proceeding as planned. Timminco expects to generate net cash proceeds from these announced plans during 2009.

      "We are very pleased to have concluded these binding agreements with Winca," said John Fenger, President - Light Metals of Timminco. "We have identified numerous ways in which the merger of Timminco's and Winca's operations will allow the two companies to build a strong market position in magnesium and specialty metals, resulting in an enhanced position to serve existing and new customers via a compelling and stable value proposition."

      "More than ever, we believe that the manufacturing presence and technology synergies that exist between Winca and Timminco will allow AMI to become one of the lowest cost and best quality magnesium manufacturers in the world," said Dr. He Xu, Chairman of Winca. "Our customers will be the ultimate winners with this partnership in that AMI can now offer them high quality products via a much lower cost and more reliable supply chain coupled with a highly experienced technical sales and marketing team," added Dr. Aaron Fu, President of Winca USA.

      Established in 1996, Winca specializes in the production and sales of magnesium alloy sacrificial anodes for electro-chemical corrosion control, high purity magnesium, magnesium alloys, and magnesium extrusions. The Winca College of Magnesium, located in Hebi, Henan province of China, was co-established by Winca, the Hebi Institute of Technology and the China Magnesium Association.
      Avatar
      schrieb am 21.04.09 21:37:33
      Beitrag Nr. 337 ()
      Antwort auf Beitrag Nr.: 37.003.862 von UWR_Kerl am 20.04.09 17:46:35Timminco (und andere) hat folgendes Problem mit dem UMG:

      Ein mit UMG hergestelltes Modul hat etwa 10 % weniger Leistung als ein mit mono-Si-produziertes Modul,
      d.h. bei einem 240 Wp-Modul mit Mono-Zellen, dass derzeit für etwa 2,75 €/Wp gehandelt wird (ex. Europa / Japan) bekommt man statt ca. 660€/Modul nur 570 €/Modul mit UMG produziert. Der Aufwand für die Modulherstellung etc. ist dabei gleich !
      Man büßt also 70 € ein pro Modul, für das man in etwa 1,7 - 1,9 kg Si benötigt !
      Das macht pro kg Si in etwa 40 €/kg (oder mehr) aus, die UMG billiger als Siemens Si sein muss, um wettbewerbsfähig zu sein.
      Derzeitige Preise für Siemens Si sind etwa 70 €/kg, d.h. Timminco kann maximal 30 €/kg für sein UMG verlangen, wahrscheinlich eher weniger, weil man in den UMG-Prozess noch Arbeit investieren muss !
      Von einem Gewinn von 30 Mio€ pro 1000 to UMG kann daher keine Rede sein. :cry:
      Avatar
      schrieb am 22.04.09 08:15:44
      Beitrag Nr. 338 ()
      Geiler Chart:laugh:




      Das schimmelt was:laugh:

      Es erscheint mir, als hätten die den Mund etwas sehr voll genommen und jetzt bekommt die Bude nur minderwertiges SI hin. Tolle Wurst:laugh:


      Der Pennystock ist nicht mehr weit. Heute vielleicht schon.:D
      Avatar
      schrieb am 28.04.09 12:46:56
      Beitrag Nr. 339 ()
      Da haben wir ja den Pennystock:laugh::laugh::laugh::laugh:

      Die Bude stinkt zum Himmel. Wo sind denn die tollen Typen die hier gesagt haben 32T wird der Megaabräumer:laugh::laugh::laugh::laugh:

      Alle weg und verlogen wie Schimmelbusch:laugh::laugh::laugh::laugh:
      Avatar
      schrieb am 28.04.09 18:51:24
      Beitrag Nr. 340 ()
      Avatar
      schrieb am 29.04.09 12:54:18
      Beitrag Nr. 341 ()
      Timminco's UMG-Si output falls to 131 mt
      Meanwhile, the wheels seem to be falling off Timminco.
      The company said that it shipped 131 mt of solar-grade silicon
      in the first quarter of 2009 at an average selling price of
      C$58 per kg (approximately $46.50), resulting in gross revenue
      of C$7.6-million for this product line in the quarter. In
      March, Timminco said that its first-quarter shipments would
      be below its fourth-quarter level (424 mt at an average price
      of C$65) but analysts didn't expect such a precipitous falloff.
      Insiders are already hinting that second-quarter shipments
      will even be lower.
      Earlier this year, Canadian Solar said that UMG-Si would
      have to sell at a $50 per kg discount in order to compete with
      polysilicon.
      The company has yet to announce its total first-quarter
      2009 production of UMG-Si and analysts are wondering
      how much on spec UMG-Si was actually produced in the
      quarter.
      Timminco has halted its silicon metal production but said
      it has enough material on hand to supply requirements.
      "Timminco could probably purchase Chinese silicon cheaper
      than producing it," one competitor said.
      And there was even more bad news. Timminco said that
      some of its UMG-Si customers have asserted that their contracts
      have been terminated due to non-compliance.
      Timminco said it is in "active discussions with each of these
      customers with respect to their positions and the terms of
      future relationships, including quality, quantity and pricing
      for solar grade silicon. These customers have paid deposits,
      which were non-interest bearing pre-payments to be credited
      against future deliveries of solar grade silicon under the
      contracts."
      In the event of an early termination or completion of a supply
      contract without full utilization of the deposit amount,
      any remaining balance on the deposit is to be repaid to the
      customer within a specified time period.
      Initially, Timminco said the supply contracts were all "take
      or pay" and then the company admitted that there are no
      "teeth" in most of the contracts and recharacterized them as
      frame agreements without clauses forcing customers to take
      material if it was available.
      AMG, the controlling shareholder of Timminco, basically
      said that some customers just don't want material and not
      that Timminco can't make the spec or volumes necessary.
      However, the customers said that the issue was noncompliance
      on Timminco's part. The noncompliance was attributed
      to lower-than-required shipping volumes as well as
      product quality issues.
      On the plus side, none of Timminco's UMG-Si buyers
      have completely terminated their supply contracts. Q-Cells,
      a major Timminco consumer and a leading user of UMG-Si,
      has told Timminco that it will slow its introduction of UMGSi
      because of lower realized efficiencies and also requested
      that Timminco lower its B and P levels into contracted levels,
      according to CIBC.
      "It's hard to sort out fact and fiction for the company," one
      analyst said. The plant was to be producing 3,600 mtpy of
      UMG-Si, or 900 mt per quarter, in 2009; its expansion to
      14,400 mtpy has been indefinitely been delayed.
      Needless to say the company is once again talking with its
      major shareholder, AMG, regarding leading a potential equity
      offering for C$15-million. It would entail a private placement,
      with AMG subscribing for a minimum of 50%, and up
      to 100%, of the common shares that may be issued.
      Timminco already raised C$25-million in January, with
      AMG providing most of the company. CIBC expressed
      doubt that AMG would buy out the remaining float "with the
      continued losses and additional dilution at Timminco the
      amount of capital needed to acquire Timminco has
      increased."
      The news had an immediate negative effect, with the company's
      share price plunging. CIBC lowered its 2009 earning
      estimate for Timminco from 15¢ per share to a loss of 4¢ and
      cut its 2010 forecast from a profit of 25¢ to a profit of 10¢.
      CIBC said Timminco's debt at the end of 2008 was C$47-
      million. CIBC's current forecast for Timminco's debt by the
      end of first quarter of 2009 will be C$41.7 million after raising
      the C$25-million.


      Quelle: Ryan's Notes
      Avatar
      schrieb am 30.04.09 19:24:15
      Beitrag Nr. 342 ()
      Apr 30, 2009 11:38 ET
      AMG Subsidiary Timminco completes C$15 million equity financing

      AMSTERDAM, NETHERLANDS--(Marketwire - April 30, 2009) -


      Amsterdam, 30 April 2009 --- AMG Advanced Metallurgical Group N.V.'s ("AMG", EURONEXT AMSTERDAM: "AMG") 53.8% owned subsidiary, Timminco Limited ("Timminco"; TSX: TIM), completed its equity offering to its controlling shareholder, AMG, of 7.4 million common shares at a price of C$2.02 per share for proceeds of $15.0 million. As a result, AMG now owns approximately 63.9 million common shares of Timminco, representing 53.8% of Timminco's total issued and outstanding share capital. These shares are held by AMG for investment purposes.

      Proceeds of the financing will be used for general corporate purposes, which include repayment of funds drawn on the Timminco's revolving credit facility.
      Avatar
      schrieb am 04.05.09 10:32:00
      Beitrag Nr. 343 ()
      wenn man sich mal den letzten Wacker-Call anhört, dann glaube ich so langsam, daß das nix mehr wird...
      Avatar
      schrieb am 12.05.09 23:15:58
      Beitrag Nr. 344 ()
      Timminco Reports First Quarter Fiscal 2009 Results

      http://www.marketwire.com/press-release/Timminco-Limited-TSX…
      Avatar
      schrieb am 16.05.09 13:59:54
      Beitrag Nr. 345 ()
      All Sorts of Bad Things Happening to Timminco
      by: Mark McQueen May 15, 2009 | about stocks: TIMNF.PK
      Mark McQueen


      Analysts are hitting the sell button on Timminco as they are discovering that portfolio manager Ravi Sood may well have been right when he said last year that it was his view that the company’s solar technology was “virtually worthless” (see prior post “Some advice for Ravi Sood” June 3-08).

      According to the Globe & Mail Thursday morning, all manner of horrible things are happening to Timminco’s production line. Customers are unhappy with the quality, input costs have increased by five times, and an attempt to fix some of these challenges “backfired” according to Timminco (TIMNF.PK) Chairman and Chief Executive Officer Heinz Schimmelbusch.

      So, when Mr. Sood explained why he had gone short on Timminco, the stock was at $34. It closed at $1.67 on Wednesday. Since it appears that he was right all along, let’s hope Mr. Sood has ridden the position out and been rewarded for his courage.

      It is also the perfect time for Mr. Sood’s libel lawyers to bring a motion to dismiss Timminco’s defamation lawsuit, now that it is clear the other side can’t win…just as we always suspected (see prior post “Timminco v. Sood” August 15-08). For good measure, attach the various equity research analyst reports that are raising concerns about the commercial utility of Timminco’s technology. What’s Timminco going to say in their defence?

      That it’s a Bay Street conspiracy?
      Avatar
      schrieb am 16.05.09 14:07:02
      Beitrag Nr. 346 ()
      UMG-Si process problems hit Timminco
      14 May 2009 | By Mark Osborne | News > Materials

      Timminco Limited has said that it was hit with unexpected processing problems in the first quarter, which resulted in lower production volumes of UMG-Si. Timminco had previously reported in April that it had shipped 131MT of UMG-Si in the first quarter, down significantly from 424MT in the fourth quarter of 2008. The average selling price in the quarter was US$58 per kg, down from $65 per kg in the same quarter a year ago.

      The company noted that a new feedstock combination that was intended to reduce the costs of UMG-Si production and enhance the consistency of the material actually produced lower production yields. A higher level of by-products then required reprocessing, taking up intended production capacity.

      Some customers had previously terminated contracts, due to Timminco failing to meet material specifications.

      "Specifically, our financial results were impacted by lower demand for each of our Silicon Group product lines, significant costs incurred in our solar grade silicon operations as we continued to refine our process and utilized expanded and available capacity to recycle by-products of production.” noted Dr. Heinz Schimmelbusch, Chairman of the Board and Chief Executive Officer of Timminco.

      Timminco reported sales of US$37.7 million compared with US$47.6 million for the first quarter of 2008 and a net loss of US$22.3 million, compared to a net loss of US$0.6 million for the first quarter of 2008.
      Avatar
      schrieb am 17.05.09 19:28:04
      Beitrag Nr. 347 ()
      Antwort auf Beitrag Nr.: 37.191.107 von R-BgO am 16.05.09 14:07:02:laugh::laugh::laugh:
      Avatar
      schrieb am 18.05.09 11:32:30
      Beitrag Nr. 348 ()
      Gab es hier nicht irgendwelche Klugscheisser die meinten Timminco sei besser als Solarvalue:laugh::laugh:

      Alles Spinner! 32T ist ein Pennystock:laugh:
      Avatar
      schrieb am 25.05.09 22:49:49
      Beitrag Nr. 349 ()
      25.05.2009 21:23
      UPDATE 1-Timminco replaces silicon supply contract with Q-Cells

      * New agreement to replace supply pact signed in 2008

      * Timminco (News) shares up 43 pct

      May 25 (Reuters) - Canadian silicon processor Timminco Ltd said it reached an agreement with Germany's Q-Cells SE (News/Aktienkurs) for the supply of solar-grade silicon, replacing a contract signed in 2008 for the five-year period through 2013.

      Timminco's shares were up 43 percent on the Toronto Stock Exchange.

      The new agreement contemplates deliveries of 100 tonnes of solar-grade silicon for the remainder of 2009, Timminco, a unit of Dutch-based AMG Advanced Metallurgical Group NV , said in a statement.

      Timminco said it will also return the outstanding deposit of about 8.9 million euros to Q-Cells.

      The companies agreed to a repayment schedule that will commence in the first quarter 2010 and be completed by the end of 2010.

      Timminco will pay interest on the outstanding balance at an agreed rate.

      Volumes, pricing and other terms for deliveries of solar-grade silicon in 2010 to 2013 will be subject to mutual agreement by the end of 2009, Timminco said.

      Shares of Timminco were up 53 Canadian cents at C$1.76 in afternoon trade Monday on the Toronto Stock Exchange.
      Avatar
      schrieb am 25.05.09 22:53:37
      Beitrag Nr. 350 ()
      Antwort auf Beitrag Nr.: 37.248.793 von R-BgO am 25.05.09 22:49:49Wie so eine Nachricht zu 50% PLUS führen kann, wird mir wohl für immer verschlossen bleiben...
      Avatar
      schrieb am 26.05.09 07:42:26
      Beitrag Nr. 351 ()
      Antwort auf Beitrag Nr.: 37.248.818 von R-BgO am 25.05.09 22:53:37Wie so eine Nachricht zu 50% PLUS führen kann, wird mir wohl für immer verschlossen bleiben...

      Dass diese Nachricht den Kurs vorantreibt, kann ich schon verstehen, wobei 50% schon deftig sind. Gegenüber den Verlusten der letzten Monate ist es jedoch garnichts.

      Die Nachricht bringt immerhin Klarheit in das dunkle Tal der Tränen, in das sich in letzter Zeit Timminco verirrt hat. Sehen wir es mal so: Das Produktionsverfahren steht zwar, aber die Qualitätsschwankungen (und die wird es in einem rein metallurgischen Prozess immer geben) werden jedem in Zeiten eines schlechten Marktes zum Verhängnis. Eine Einigung mit Q-cells ist gefunden, aber Timminco (und auch ander UMG-Si Produzenten) kann nur noch ein erneuter Run im Photovoltaikmarkt retten. Erschwerdend kommt allerdings hinzu, dass der Markt für stinknormales Silizium auch ordentlich eingebrochen ist. Jetzt sind wieder mal die Kaffeesatzleser dran.

      Unsere kubanische Pfeife hat jetzt wieder Oberwasser, aber produziert auch nur Smileys.
      Avatar
      schrieb am 26.05.09 08:02:03
      Beitrag Nr. 352 ()
      Antwort auf Beitrag Nr.: 37.249.391 von capgap am 26.05.09 07:42:26
      Ja, das Positive ist, dass die Geschäftsbeziehungen zu Q-Cells nicht ganz über die Wupper sind. Der Markt sieht da wohl Perspektiven für die Zukunft.

      Indes halte ich es mittlerweile für wahrscheinlich, dass UMG-Si als Konzept doch nicht tragfähig ist - zumindest wenn man unterstellt, dass "normales" Silizium in Zukunft (bestenfalls) mit normalen Margen und das heißt zu Preisen von um die 50 Dollar / Kilo gehandelt werden wird.

      (Insofern war es für Solarvalue ein Vorteil, dass sie in absolut jeder Hinsicht total versagt haben. Jetzt können die dortigen Vorstände den Rest des Unternehmensvermögens in Ruhe durch ihre Vorstandsbezüge aufzehren, während einige saudumme Aktionäre da noch immer auf ein Wunder warten. ;) )
      Avatar
      schrieb am 12.06.09 15:18:35
      Beitrag Nr. 353 ()
      Jun 12, 2009 09:12 ET
      Timminco Provides Update on Class Action Lawsuits

      TORONTO, ONTARIO--(Marketwire - June 12, 2009) - Timminco Limited ("Timminco") (TSX:TIM) announced that it is aware of another proposed class action commenced in the Ontario Superior Court on June 11, 2009 by Robert Gowan against Timminco and others. This new action contains the same types of allegations as set forth in the proposed class action commenced in the same court on May 14, 2009. Timminco expects that these two actions will be consolidated, if the court grants permission to bring the class actions under the Secondary Market Disclosure provisions of the Ontario Securities Act. Timminco intends to vigorously defend these allegations and the plaintiffs' attempts to get court approval to proceed.
      Avatar
      schrieb am 15.06.09 08:13:10
      Beitrag Nr. 354 ()
      Jaja, der Schimmelbusch, der lässt das Lügen nicht. Wo sind denn hier die Gestalten die gemeint haben die Bude würde richtig produzieren, alles würde gut etc. keiner mehr da:laugh:




      TORONTO (miningweekly.com) - Canadian silicon producer Timminco said on Friday that another proposed class-action lawsuit has been filed against the company, its majority shareholder Advanced Metallurgical Group, Timminco CEO Heinz Schimmelbusch and other stakeholders.

      The lawsuit was filed in the Ontario Superior Court on Thursday and is being brought by Robert Gowan, the company said.

      Last month, the firm was served with a proposed C$520-million lawsuit that alleges that the company made misleading statements about its ability to convert metallurgical-grade silicon into solar-grade silicon in a cost-efficient manner for sale to the solar industry.

      In a statement on Friday, Timminco said that the latest action contains "the same types of allegations" as the earlier suit.

      The company expects that the two actions will be consolidated, and said it intends to "vigorously defend these allegations and the plaintiffs' attempts to get court approval to proceed".

      Netherlands-based Advanced Metallurgical Group owns a controlling interest in Timminco.

      The Toronto-based company has faced ongoing questions from shareholders and industry participants on whether its proprietary process for producing solar-grade silicon works as well as the firm claims.

      The financial crisis and global economic downturn has had a sharply negative effect on the solar-energy industry, and Timminco said last month it was negotiating with customers in the industry, after some buyers terminated their contracts citing "noncompliance" and wanted to have deposits repaid.

      The firm has since renegotiated some long-term supply contracts, at lower volumes.

      Timminco reported a C$22,3-million loss for the first three months of this year, and has reduced production levels because of flagging demand for its silicon.

      Shares in the company fell 5,7% on Friday, to C$1,49 apiece by 15:59 in Toronto.
      Edited by: Liezel Hill
      Avatar
      schrieb am 22.06.09 23:00:41
      Beitrag Nr. 355 ()
      Timminco Resumes Silicon Metal Production

      * Press Release
      * Source: Timminco Limited
      * On Monday June 22, 2009, 4:30 pm EDT


      TORONTO, ONTARIO--(Marketwire - June 22, 2009) - Timminco Limited ("Timminco" or the "Company") (TSX:TIM - News) announced today that it has resumed production of silicon metal at its Becancour Silicon facilities due to improved market conditions and demand for silicon metal from the chemical industry. Effective today, the Company will restart one of its three electric arc furnaces to fulfill newly contracted demand from a long-term customer. The resumption will result in the recall of a portion of the unionized workforce which was temporarily laid off in May 2009.
      Avatar
      schrieb am 22.06.09 23:04:51
      Beitrag Nr. 356 ()
      Sieht schwer nach dem Ende der Lügenbude aus. Ich dacht die sei so toll:laugh:
      Avatar
      schrieb am 24.06.09 10:35:14
      Beitrag Nr. 357 ()
      hallo @all

      kann mir hier jemand zum einstig raten...???

      jahreschart sieht ja nach viel luft nach oben aus..!!!

      l.g. aus düsseldorf

      michael
      Avatar
      schrieb am 24.06.09 15:44:55
      Beitrag Nr. 358 ()
      Antwort auf Beitrag Nr.: 37.445.779 von R-BgO am 22.06.09 23:00:41Tja, produzieren se nun, oder nicht. Himmel, wenn die sich doch mal entscheiden könnten was se wollen.:rolleyes:

      Einsteigen ... wer Schimmelbusch kennt weiss, dass ein Einstieg nicht unproblematisch sein kann.:rolleyes:
      Avatar
      schrieb am 24.06.09 15:45:29
      Beitrag Nr. 359 ()
      In jedem Fall geht es heute erstmal wider runter:cool:
      Avatar
      schrieb am 24.06.09 17:06:11
      Beitrag Nr. 360 ()
      ... und weiter runter ... bald wieder auf dem Tief der letzten 2,5 Jahre:laugh:


      DRECKSBUDE:laugh:
      Avatar
      schrieb am 24.06.09 18:38:03
      Beitrag Nr. 361 ()
      Antwort auf Beitrag Nr.: 37.459.436 von Kubanisch_Rauchen am 24.06.09 17:06:11
      Avatar
      schrieb am 24.06.09 20:46:02
      Beitrag Nr. 362 ()
      Antwort auf Beitrag Nr.: 37.460.330 von Brisca am 24.06.09 18:38:03Ja, und?
      Avatar
      schrieb am 26.06.09 09:24:16
      Beitrag Nr. 363 ()



      Schöner Abverkauf, da scheinen die Anleger ja viel Vertrauen in die Zukunft der Bude zu haben.

      So eine Lügenbude wie die gab es selten, wenn wird der endlich das Handwerk gelegt?


      zur Erinnerung:

      On March 17th Timminco Limited (TSE: TIM C$2.09) announced earnings for fiscal year 2008. The announcement was the continuation of "a stunning fall from grace for what was once the hottest story on the Canadian markets," according to the National Post. Timminco's stock has fallen 94% since its high of $35.69 in June 2008, after rising from 30 cents per share in January 2007. When asensio.com first reported on Timminco's disclosure issues on March 31, 2008, the stock traded at $24.40.


      Timminco's claims to future profitability have always been based on its projections of being able to purify silicon at a very low cost. In March 2008, Timminco management claimed the company would achieve an average purification cost of $10 to $12 per kilogram of solar silicon in 2008. This led some analysts to predict as late as May 2008 that the company would earn a profit of $65 million in 2008, and $340 million in 2009. The company sustained losses of $22.6 million for 2008.


      Insiders including CEO Heinz Schimmelbusch and Canada's Sprott Asset Management were able to profit from the rise in Timminco's stock resulting from the company's claims of discovering a "revolutionary" process of silicon purification.


      Schimmelbusch unloaded the stock he held through a series of transactions involving a private equity fund and AMG, a European conglomerate where he is also the CEO. Eric Sprott, the head of Sprott Asset Management, was able to promote his investment "genius" last spring based on the success of his Timminco investment, and he took his firm public in May 2008. Sprott's funds have sustained substantial losses since the IPO; the Sprott Energy Fund, which lists Timminco as a top ten holding, was down 64.5% last year.


      Timminco's future looks increasingly uncertain. The company also issued a statement on March 17th saying that it would be reducing production and delaying expansion plans, due to a reduction in customer demand.
      http://www.asensio.com/Reports/ReportView.aspx?ReportId=928&…
      Avatar
      schrieb am 26.06.09 09:25:11
      Beitrag Nr. 364 ()
      Tja, Schimmelbusch hat Kasse gemacht. So einfach war das. Millionen Anleger geprellt!!! Mit Lügen!
      Avatar
      schrieb am 02.07.09 15:56:36
      Beitrag Nr. 365 ()
      Scheint hier das gleiche Spiel zu sein wie bei Solarvalue. Der Kurs ist bald wieder da wo er war, trotz der tollen News:laugh:

      Die Anleger wissen wohl warum:laugh:
      Avatar
      schrieb am 22.07.09 15:03:45
      Beitrag Nr. 366 ()
      AMG subsidiary Timminco provides an update on solar grade silicon operations

      Amsterdam, 22 July 2009 --- AMG Advanced Metallurgical Group N.V.'s ("AMG", EURONEXT AMSTERDAM: "AMG") 52.2% owned subsidiary, Timminco Limited ("Timminco" or the "Company") (TSX:TIM) provided an update today on its solar grade silicon operations.

      For the second quarter of 2009, the Company produced 243 metric tons of solar grade silicon (also known as upgraded metallurgical silicon, or "UMSi"), operating three purification lines out of an available seven lines. Due to weak market conditions in the solar photovoltaic energy industry, the Company shipped 34 metric tons in the quarter, at an average selling price of C$39 per kg.

      In light of continuing weak demand for UMSi and its plan to maintain production at levels in line with customer orders, the Company is temporarily reducing its production to one purification line. This curtailment in production will allow the Company to further preserve working capital and save costs by temporarily reducing headcount by up to 60 employees. The Company expects to resume production of UMSi on the idled purification lines once demand recovers.

      "Our shipments in the quarter and our decision to reduce production levels until demand recovers reflect the difficult market conditions in the current solar industry," stated John Fenger, President and Chief Operating Officer of Timminco. "In this challenging environment, we will continue to prudently manage our costs and preserve capital while preparing for an eventual recovery of the solar market."

      http://www.hugingroup.com/pr.asp?pr_id=94158&folder=200907&s…

      39 CAD sind ca. 25 Euro
      Avatar
      schrieb am 25.07.09 06:23:30
      Beitrag Nr. 367 ()
      Timminco Completes Divestiture of Magnesium Business

      TORONTO, ONTARIO--(Marketwire - July 24, 2009) - Timminco Limited ("Timminco")(TSX:TIM - News) announced that it has completed the divestiture of its magnesium business, with the closing of the merger of Timminco's remaining magnesium extrusion and specialty metals business with the magnesium operations of Winca Tech Limited, a leading Chinese-based producer of magnesium products ("Winca"), to form Applied Magnesium International Limited ("Applied Magnesium").

      The merger was effected through the sale by each of Timminco and Winca of certain of their subsidiaries, intellectual property rights, equipment, non-cash working capital and other assets to Applied Magnesium, including Timminco's facility in Nuevo Laredo, Mexico and Winca's facilities in Hebi and Linyi, in the Henan and Shandong provinces, respectively, of the People's Republic of China. Key senior managers and employees of Timminco's magnesium business have accepted employment with Applied Magnesium and will form the core management team of its North American operations, based in Denver, Colorado.

      In connection with the sale, Timminco received a 19.5% equity interest in Applied Magnesium as well as promissory notes of Applied Magnesium in the aggregate principal amount of US$3.7 million. Winca holds the remaining equity and has received a promissory note from Applied Magnesium in the principal amount of US$4.0 million. The equity interests in Applied Magnesium are subject to a shareholders agreement, which includes board representation and special approval rights in favour of minority shareholders, as well as share transfer restrictions. The promissory notes issued to Timminco are non-interest bearing and subject to additional conditions, including the financial performance and liquidity of Applied Magnesium.

      "We are pleased to have closed the trans actions with Winca as contemplated by the agreements executed in April," said John Fenger, President and Chief Operating Officer of Timminco. "The completion of the divestiture of our magnesium business will enable us to focus on our core silicon businesses."
      Avatar
      schrieb am 30.07.09 15:50:15
      Beitrag Nr. 368 ()
      ......There was more bad news for Timminco last week. The
      company said it produced 243 mt of UMG-Si in the second
      quarter by operating three purification lines out of seven.
      However, the company shipped only 34 mt at an average
      price of C$39 per kilo ($33.38); Timminco produced 131 mt
      in the first quarter of 2009 (the company didn’t disclose production
      levels) and its average first quarter UMG-Si sales
      price was C$58 per kilo.
      Timminco didn’t disclose its cost of production in either
      the first or second quarters of 2009, but in the fourth quarter
      indicated it was C$30 per kilo and it is thought to have
      increased since then to cover the unused capacity. “I think
      Timminco’s fully load cost of production is at least C$60,”
      one analyst suggested.
      Based on polysilicon prices, UMG-Si has to be price at no
      more around $15-25 per kilo to be competitive, buyers say.
      However, polysilicon prices are still getting lower and new
      production continues to come onstream. As a result, most
      analysts believe Timminco will continue to lose a substantial
      amount of money on its UMG-Si production.
      The company said that it will is now operating only one
      purification line and will reduce costs by reducing headcount
      by up to 60 employees.
      Financial analysts are now predicting that the company
      could go bankrupt in 2010. AMG, its principle shareholder,
      has said it won’t provide any additional financial support.
      With its debt as of Mar. 31, 2009, the customer deposits for
      UMG-Si that now as to be returned (around $40-million) and
      the new debt the company got from the Canadian government,
      the company has around $100-million in debt without
      much cash flow.
      The other major problem is that investors don’t have any
      faith in the company’s vaulted UMG-Si production process,
      saying not much is new and the product produced isn’t up to
      specifications. As more of its contract customers dramatically
      reduce their intake, it has cast a shadow not over
      Timminco but the entire UMG-Si industry. “Timminco was
      the poster boy for UMG-Si,” one competitor said, “and now
      I am afraid to say I ever even considered it.”
      .......

      Quelle: Ryan's Notes

      Sieht wirklich böse aus, nicht nur für Timminco, sondern für den ganzen UMG-Si Markt. Dabei war das Konzept gut: Anlagen wurden gebaut, Mengen wurden produziert, Kunden waren zunächst zufrieden, aber die schönen blauäugigen Prognosen der "Solar-Experten" sind in Zeiten wie dieser hinfällig.
      Es ist schon erstaunlich, wie dieses Geschäft innerhalb von wenigen Wochen total zusammengebombt wurde.
      Der Zug ist wohl endgültig abgefahren.
      Avatar
      schrieb am 04.08.09 17:25:39
      Beitrag Nr. 369 ()
      Timminco completes divestiture of magnesium business
      Sunday, 02 Aug 2009

      AMG Advanced Metallurgical Group NV's 52.2% owned subsidiary Timminco Limited announced that it has completed the divestiture of its magnesium business, with the closing of the merger of Timminco's remaining magnesium extrusion and specialty metals business with the magnesium operations of Winca Tech Limited, a leading Chinese based producer of magnesium products, to form Applied Magnesium International Limited.

      The merger was effected through the sale by each of Timminco and Winca of certain of their subsidiaries, intellectual property rights, equipment, non cash working capital and other assets to Applied Magnesium, including Timminco's facility in Nuevo Laredo, Mexico and Winca's facilities in Hebi and Linyi, in the Henan and Shandong provinces, respectively, of the People's Republic of China.

      In connection with the sale, Timminco received a 19.5% equity interest in Applied Magnesium as well as promissory notes of Applied Magnesium in the aggregate principal amount of USD 3.7 million. Winca holds the remaining equity and has received a promissory note from Applied Magnesium in the principal amount of USD 4 million.

      The equity interests in Applied Magnesium are subject to a shareholders agreement, which includes board representation and special approval rights in favor of minority shareholders, as well as share transfer restrictions. The promissory notes issued to Timminco are non interest bearing and subject to additional conditions, including the financial performance and liquidity of Applied Magnesium.

      MR John Fenger president & COO of Timminco said that "We are pleased to have closed the transactions with Winca as contemplated by the agreements executed in April. The completion of the divestiture of our magnesium business will enable us to focus on our core silicon businesses."
      Avatar
      schrieb am 04.08.09 17:26:15
      Beitrag Nr. 370 ()
      Timminco Announces Schedule for Second Quarter 2009 Earnings Release PDF Print E-mail
      Timminco Limited ("Timminco") (TSX:TIM) announced today it will host a conference call on Tuesday, August 11, 2009 at 5:00 pm ET to discuss its financial results for the second quarter ended June 30, 2009. Timminco will report its second quarter financial results via news release on Tuesday, August 11, at approximately 4:30 pm ET.

      To access the conference call by telephone, dial 416-644-3423 or 1-800-594-3790. Please connect approximately 15 minutes prior to the beginning of the call to ensure participation. The conference call will be archived for replay until Tuesday, August 18, 2009 at midnight. To access the archived conference call, dial 416-640-1917 or 1-877-289-8525 and enter the reservation number 21311613#.

      A live audio webcast of the conference call will be also available at www.timminco.com . Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast. The webcast will be available for replay at www.timminco.com following the live presentation.
      Avatar
      schrieb am 05.08.09 19:23:20
      Beitrag Nr. 371 ()
      Aug 05, 2009 10:37 ET
      Timminco Provides Update on Stock Trading Activity

      TORONTO, ONTARIO--(Marketwire - Aug. 5, 2009) - At the request of Market Surveillance on behalf of the Toronto Stock Exchange, Timminco Limited ("Timminco")(TSX:TIM) announces that it is not aware of any corporate developments to account for the recent trading activity in Timminco's stock.
      Avatar
      schrieb am 05.08.09 22:06:05
      Beitrag Nr. 372 ()
      Antwort auf Beitrag Nr.: 37.718.377 von UWR_Kerl am 05.08.09 19:23:20Mein Name ist Hase. :laugh:
      Avatar
      schrieb am 05.08.09 22:45:29
      Beitrag Nr. 373 ()
      Antwort auf Beitrag Nr.: 37.719.744 von UWR_Kerl am 05.08.09 22:06:05Selbstgespräch?
      Avatar
      schrieb am 06.08.09 10:10:15
      Beitrag Nr. 374 ()
      Antwort auf Beitrag Nr.: 37.720.047 von Kubanisch_Rauchen am 05.08.09 22:45:29
      Du bist ja voll der Nix-Checker-Bunny. :keks:
      Avatar
      schrieb am 06.08.09 12:18:43
      Beitrag Nr. 375 ()
      Antwort auf Beitrag Nr.: 37.721.786 von UWR_Kerl am 06.08.09 10:10:15Warum so agro???
      Avatar
      schrieb am 07.08.09 07:20:54
      Beitrag Nr. 376 ()
      AMG subsidiary Timminco increases silicon metal production
      Thu. August 06, 2009; Posted: 04:41 PM

      Aug 06, 2009 (Hugin via COMTEX) -- TIMNF | Quote | Chart | News | PowerRating -- Amsterdam, 6 August 2009 --- AMG Advanced Metallurgical Group N.V.'s ("AMG", EURONEXT AMSTERDAM: "AMG") 52.2% owned subsidiary, Timminco Limited ("Timminco"; TSX: TIM | Quote | Chart | News | PowerRating) announced today that it will restart the second of its three electric arc furnaces at its Becancour Silicon facilities in Quebec, to fulfill renewed demand for silicon metal. The resumption will result in the recall of a portion of the unionized workforce which was temporarily laid off earlier in the year.


      Dass das keiner von der Bande rumerzählt haben soll, ist sehr fraglich. Würde zumindest die Kurseskapaden erklären.
      Avatar
      schrieb am 12.08.09 09:16:07
      Beitrag Nr. 377 ()
      http://www.timminco.com/PressRelease.aspx?id=24&prId=1029146

      Press Release

      AUG 11, 2009
      Timminco Reports Second Quarter Fiscal 2009 Results
      TORONTO, ONTARIO--(Marketwire - Aug. 11, 2009) - Timminco Limited ("Timminco" or the "Company")(TSX:TIM) today reported its financial results for the second quarter of fiscal 2009 ended June 30, 2009 (all figures are in Canadian dollars unless otherwise stated).

      Second Quarter Fiscal 2009 Developments

      - Consolidated sales were $22.3 million compared with $63.3 million for the second quarter of 2008;

      - Shipped 34 metric tons (mt) of solar grade silicon (upgraded metallurgical silicon or "UMSi"), at an average selling price of $39 per kilogram, and produced 243 mt of UMSi;

      - Earnings before interest, taxes, depreciation, and amortization (EBITDA) (1) was negative $9.9 million compared with negative $15.9 million for the first quarter of 2009 and $6.6 million for second quarter of 2008;

      - Net loss was $24.0 million, or $0.20 per share, compared with a net loss of $7.0 million, or $0.07 per share, for the second quarter of 2008;

      - Adjusted loss (2) was $17.2 million compared with adjusted income of $4.7 million for the second quarter of 2008;

      - Implemented cost containment plan that included the temporary curtailment of silicon metal production, the reduction of solar grade silicon production to levels that are in line with customer orders and the deferral of further capacity expansion of the solar grade silicon facility pending recovery of demand for solar grade silicon;

      - Settled claims with two UMSi customers regarding repayment of outstanding deposit liabilities through (i) the issuance of $5.6 million in Timminco common shares and (ii) agreeing to a repayment schedule through to the end of 2010 for Euro 8.9 million;

      - Named John Fenger as President and Chief Operating Officer;

      - Completed an equity offering by way of a private placement to AMG Advanced Metallurgical Group N.V., generating net proceeds of $14.7 million; and

      - Announced the restart of one of the three silicon metal electric arc furnaces in late June 2009 in response to increased demand for silicon metal.

      Developments Subsequent to the End of the Second Quarter Fiscal 2009

      - Completed a debt financing for $25.0 million in the form a two-year term loan from Investissement Quebec;

      - Completed the sale of the principal components of the remaining magnesium business to Applied Magnesium International Limited, in which Timminco acquired a 19.5% equity interest;

      - Completed the wind down of operations at the magnesium extrusion facility in Aurora, Colorado;

      - Amended its credit agreement to revise the financial covenants, such that the Company is currently in compliance with these revised covenants as of June 30, 2009, and to extend the maturity of the revolving credit facility to July 2, 2010; and

      - Announced on August 6, 2009 that the Company will restart a second silicon electric arc furnace in response to further increased silicon metal demand.

      "During the quarter, we continued to execute our short-term strategy focused on preserving capital, managing costs and reducing our working capital requirements to position the company for the eventual recovery of our customer markets," said Dr. Heinz Schimmelbusch, Chairman of the Board and Chief Executive Officer of Timminco. In addition, the completion of the divestiture of our magnesium operations subsequent to quarter end will allow us to focus our resources solely on the silicon business. Our short-term objective is to achieve financial stability through the phased restart of our traditional silicon metal business. We have made some progress in this regard, highlighted by resumption of shipments of silicon metal to one of our high-volume long-term customers in June, and the announcement last week that we will resume operations of a second electric arc furnace and recall a portion of laid off employees to satisfy further increases in demand."

      Dr. Schimmelbusch added, "With respect to solar grade silicon operations, during this period of very low demand driven by a weakened world economy and difficult financial markets and exacerbated by the decline in polysilicon spot prices, we are focusing our efforts on improving our operations with the objective of enabling our customers to create wafers and cells that are indistinguishable from solar cells made from polysilicon. This would meet the increased quality requirements demanded by our customers this year."

      Dr. Schimmelbusch concluded, "We have been very pleased in the manner that Investissement Quebec completed the $25 million debt financing for Becancour Silicon, showing the support of the Quebec government for our silicon business."

      Financial Results

      Global economic conditions have negatively impacted financial and industrial markets in North America, Europe and Asia during the first six months of 2009. These developments have had a substantial adverse affect on the Company's business. In particular, many of the Company's customers are experiencing low sales and have reduced or deferred their purchases. The resulting reduction in revenue, combined with unabsorbed overheads and significant capital expenditures led the Company to raise common equity capital in February and April 2009. During the second quarter, the Company implemented certain initiatives in its Silicon Group to reduce capital and operating expenditures and accelerate reduction of working capital. These initiatives included temporarily closing production of silicon metal and curtailing production of solar grade silicon by temporarily shutting down four of its solar grade silicon purification lines. These actions, which will reduce costs in future periods, negatively impacted second quarter results. The Company believes that difficult economic and market conditions will continue to impact its operations and financial results for the foreseeable future.

      As of the end of the second quarter of 2009, Timminco had two reporting segments: the Silicon Group, which includes the silicon metal and solar grade silicon product lines, and the Magnesium Group, which includes the magnesium extrusion, fabrication and specialty metals product lines.


      ... to be continued
      Avatar
      schrieb am 24.09.09 17:46:56
      Beitrag Nr. 378 ()
      Sep 24, 2009 11:29 ET
      Timminco Provides Update on Solar Grade Silicon Customers

      TORONTO, ONTARIO--(Marketwire - Sept. 24, 2009) - Timminco Limited ("Timminco" or the "Company")(TSX:TIM) announced today an update on its discussions with solar grade silicon customers.

      The Company and one such customer have formally acknowledged the termination of the existing supply agreement, which contemplated shipments of approximately 13,100 mt over a term of five years as originally announced on September 6, 2007. The Company has also agreed to issue approximately 3.4 million common shares of Timminco, representing approximately 2.8% of Timminco's current issued and outstanding shares, as full and final settlement of the outstanding deposit of approximately US$3.9 million due to this customer under the terminated supply agreement. The issuance of these common shares is subject to receipt of all necessary regulatory approvals, including approval of the Toronto Stock Exchange.
      Avatar
      schrieb am 16.10.09 17:37:16
      Beitrag Nr. 379 ()
      SOURCE: AMG Advanced Metallurgical Group N.V.
      Oct 16, 2009 09:48 ET
      AMG affiliate Timminco increases silicon metal production

      AMSTERDAM, NETHERLANDS--(Marketwire - October 16, 2009) -


      Amsterdam, 16 October 2009 --- AMG Advanced Metallurgical Group N.V.'s ("AMG", EURONEXT AMSTERDAM: "AMG") 47.9% owned affiliate, Timminco Limited ("Timminco"; TSX: TIM) will restart the third of its three electric arc furnaces at its Becancour Silicon facilities in Quebec, Canada. The increase in production responds to additional purchase commitments from silicon metal customers. The resumption will result in the recall of a portion of the unionized workforce which was temporarily laid off earlier in the year.


      Mein Kommentar: Das war die letzten Tage deutlich absehbar. Zumindest hatt ich imme rso ein Bauchgefühl, weil das Ask plötzlich wieder anstieg. Mich würde ein deutscher Kunde mit Insider-Wissen nicht wundern. :cool: Wir werden sehen.

      Schönes Woe
      Avatar
      schrieb am 17.10.09 18:30:05
      Beitrag Nr. 380 ()
      Timminco ships 108 metric tonnes in Q3 2009

      2009-10-16 08:34 ET - News Release

      Mr. John Fenger reports

      TIMMINCO PROVIDES UPDATE ON SOLAR GRADE SILICON OPERATIONS

      Timminco Ltd. has provided an update today on its solar grade silicon operations.

      For the third quarter of 2009, the company shipped 103 metric tonnes in the quarter, at an average selling price of $39 per kilogram. This includes the sale of 80 metric tonnes of solar grade silicon announced in Stockwatch Oct. 1, 2009.

      "Our shipments in the quarter reflect the continuing difficult market conditions in the solar industry," stated John Fenger, president and chief operating officer of Timminco. "In this challenging environment, we have focused our efforts on meeting current market specifications for quality that would permit our customers to manufacture solar cells made from our solar grade silicon that are indistinguishable from cells made with polysilicon, through advancing our knowledge of ingoting and purification processes."

      We seek Safe Harbor.


      Meldung 2

      Timminco increases Quebec production of silicon metal

      2009-10-16 09:56 ET - News Release

      Mr. Robert Dietrich reports

      TIMMINCO INCREASES SILICON METAL PRODUCTION

      Timminco Ltd. will restart the third of its three electric arc furnaces at its Becancour silicon facilities in Quebec. The increase in production responds to additional purchase commitments from silicon metal customers. The resumption will result in the recall of a portion of the unionized work force which was temporarily laid off earlier in the year.

      We seek Safe Harbor.


      1,73 CAD es geht aufwärts... endlich!
      Avatar
      schrieb am 17.10.09 18:32:38
      Beitrag Nr. 381 ()
      Quelle: www.stockwatch.com Kürzel: TIM
      Avatar
      schrieb am 19.10.09 16:57:51
      Beitrag Nr. 382 ()
      Da scheinen sich ein paar nimmersatte Short-Seller eindecken zu müssen. Ansonsten kann ich mir so einen Kursanstieg nicht rational erklären?!

      UNGLAUBLICH :eek:
      Avatar
      schrieb am 19.10.09 18:00:18
      Beitrag Nr. 383 ()
      Antwort auf Beitrag Nr.: 38.206.860 von UWR_Kerl am 19.10.09 16:57:51Da hatte ich wohl recht. :cool:

      Avatar
      schrieb am 19.10.09 20:38:56
      Beitrag Nr. 384 ()
      Hallo zusammen,

      was ist den nun verantwortlich für den Kursanstieg und wie sind die Tendenzen für weitere steigende Kurse`

      JJ:)
      Avatar
      schrieb am 20.10.09 15:34:12
      Beitrag Nr. 385 ()
      Antwort auf Beitrag Nr.: 38.207.537 von UWR_Kerl am 19.10.09 18:00:18 Short sellers blamed as frenzy continues
      Posted By THE CANADIAN PRESS


      Timminco Ltd. (TSX:TIM) shares soared for a second straight day Monday in a frenzy one analyst linked to short sellers covering their positions.

      Yes, I think that's it (covering by short sellers)," said the analyst, who did not want to be identified either by name or company affiliation.

      Trading in the stock took off Friday after Timminco announced it was restarting the third of its three electric arc furnaces at its facility in Becancour, Que.

      I think there was some confusion over whether this was related to solar (silicon) production," the analyst said of Timminco's announcement Friday.

      Timminco made it clear at the time that the restart was related to improvements in its traditional silicon metals business.

      All indications were that revenues from solar would be minimal" this year compared with 2008, when it represented some $65 million of the companies revenues of $189 million, a top company executive said.

      However, Timminco stock, which had plunged over the past year in the wake of the global economic slowdown, immediately began to rise.

      It traded as high as $3.08 Monday before giving up some gains to finish at $2.66, up 95 cents or more than 55% compared with the close Friday as trading was the heaviest in at least five years, with more than 22 million shares traded.

      Timminco stock is now almost double its closing price of $1.27 on Thursday, before the announcement on the furnace restart.

      That is still well below its 52-week high of $10.47, set nearly a year ago.

      http://www.nugget.ca/ArticleDisplay.aspx?e=2137247
      Avatar
      schrieb am 23.10.09 00:44:42
      Beitrag Nr. 386 ()
      UPDATE 1-Timminco says settles with customers
      Thu Oct 22, 2009 5:17pm EDT

      * Customers said contracts had been terminated

      * Supply deal terminated, shares to be issued

      VANCOUVER, British Columbia, Oct 22 (Reuters) - Silicon producer Timminco Ltd (TIM.TO) said on Thursday it had reached settlements with the last of its customers that had advanced it deposits and then claimed their contracts were terminated.

      Timminco said it had reached an agreement with an unnamed customer to terminate a deal announced in July 2008 that had contemplated shipments of 1,150 tonnes of solar grade silicon over 18 months.

      The company also said it will issue about 10 million shares, or about 7.5 percent of its current outstanding total, to settle the C$20.5 million ($19.6 million) deposit due to the customer under the terminated supply agreement.

      Timminco is a a subsidiary of Dutch-based Advanced Metallurgical Group NV. Solar grade silicon is used to make solar power cells. It had announced the contract terminations in April.

      The announcement came after the close of trading in Toronto on Thursday. The company's shares ended the day down 22 Canadian cents at C$2.04. (Reporting by Allan Dowd; editing by Rob Wilson)
      Avatar
      schrieb am 23.10.09 00:50:25
      Beitrag Nr. 387 ()
      Antwort auf Beitrag Nr.: 38.237.311 von UWR_Kerl am 23.10.09 00:44:42My English is not the beste, was finanzkram angeht.

      Was sagt die Meldung aus?

      Hat Firma xy seinen Vertrag gekündigt und muss nun Entschädigungen zahlen und gibt dafür eigene Aktien aus?

      Bei einer Marktkapitalisierung von 300 mio$ ist das schon nen Batzen Money.

      Oder haben die Vorleistungen an Timminco gegeben, so dass die jetzt in der Kreide stehen und mit UMG-Si nicht zahlen sollen/dürfen?!

      BITTE um Klärung. Danke
      Avatar
      schrieb am 23.10.09 00:53:31
      Beitrag Nr. 388 ()
      Antwort auf Beitrag Nr.: 38.237.311 von UWR_Kerl am 23.10.09 00:44:42Hier nochmal im Orginal:
      http://www.timminco.com/PressRelease.aspx?prId=1064252&id=24

      Press Release

      OCT 22, 2009
      Timminco Provides Update on Solar Grade Silicon Customers
      TORONTO, ONTARIO--(Marketwire - Oct. 22, 2009) - Timminco Limited ("Timminco" or the "Company")(TSX:TIM) announced today an update on its discussions with solar grade silicon customers.

      The Company and one such customer have mutually agreed to terminate the existing supply agreement, which contemplated shipments of approximately 1,150 mt over a term of 18 months as originally announced on July 10, 2008. The Company has also agreed to issue approximately 10.0 million common shares of Timminco, representing approximately 7.5% of Timminco's current issued and outstanding shares, as full and final settlement of the outstanding deposit of approximately $20.5 million due to this customer under the terminated supply agreement. The issuance of these common shares is subject to receipt of all necessary regulatory approvals, including approval of the Toronto Stock Exchange.

      With this agreement, Timminco has concluded settlement negotiations with all of its solar grade silicon customers who had advanced deposits against future shipments of solar grade silicon in 2008 and who had claimed earlier this year that their contracts were terminated.
      Avatar
      schrieb am 23.10.09 10:41:54
      Beitrag Nr. 389 ()
      Sieht so aus als hätten Abnehmer "Downpayments" geleistet. Diese werden nun ausgelöst weil in den Verträgen die Rücknahmeklausel wohl drinnen war.

      Das ist ein ziemlicher Schuh. 10% neue Aktien um aus der Nummer raus zu kommen ... ich weiss nicht was ich davon halten soll. Irgendwas ist das unrund im Staate Dänemark. Die machen mir zu viel rum ohne wirklich etwas vorweisen zu können. Zudem mein spezieller Freund der Schimmelbusch:rolleyes:


      FRAGE: Warum nehmen Kunden ihre Vorrauszahlungen zurück wo doch alles laufen soll???


      Gibt es am Markt billigeres und vor allem besseres SI????
      Avatar
      schrieb am 23.10.09 10:54:41
      Beitrag Nr. 390 ()
      Antwort auf Beitrag Nr.: 38.238.759 von Kubanisch_Rauchen am 23.10.09 10:41:54Danke für die Klärung.

      Ich sehe es auch so, dass Timminco mit UMG erstmal "fertig" hat.
      In den letzten Meldungen stand mal drin, dass sie nun zwar 240MT im Quartal gemacht hätten, aber nur nen viertel oder so augelifert hätten. D.h. Lager voll und kein/kaum Nachfrage.

      Aber todgesagte leben ja bekanntlich länger. Wer weiß, das schon?!

      Das ursprüngliche Kerngeschäft lief ja auch schleppend in der Vergangenheit, die Kassen sind leer, also müssen Aktien raus.

      Es scheint eine Wette auf die Zukunft zu sein. Die Rohstoffe ziehen ja wieder ordentlich an. Da der Kurs ja schon am Boden ist, oder zumindest nahe, scheint das Risiko kalkulierbar. :keks:

      Meinungen?!
      Avatar
      schrieb am 24.10.09 08:40:29
      Beitrag Nr. 391 ()
      'ne Zockerposition, die mal liegen lässt ohne ständig zu schauen kann man sich getrost ins Depot legen. Nur Kurse von 0,10 solle man auch verkraften können, sprich Totalverlust!
      Avatar
      schrieb am 10.11.09 09:30:53
      Beitrag Nr. 392 ()
      na da bin ich aber mal auf die zahlen gespannt, die da gestern abend durchgesickert sind. :keks:

      oder warum sonst der Anstieg?!

      TORONTO, ONTARIO--(Marektwire - Oct. 27, 2009) - Timminco Limited ("Timminco") (TSX:TIM) announced today it will host a conference call on Tuesday, November 10, 2009 at 5:00 pm ET to discuss its financial results for the third quarter ended September 30, 2009. Timminco will report its third quarter financial results via news release on Tuesday, November 10, at approximately 4:30 pm ET.
      Avatar
      schrieb am 05.12.09 10:45:32
      Beitrag Nr. 393 ()
      der preis hat ja sehr gelitten, wäre das nicht ein sehr guter preis zum einsteigen? 2010 dürfte der bedarf für die solarindustrie doch wieder steigen, oder seh ich das falsch?
      Avatar
      schrieb am 05.12.09 11:28:09
      Beitrag Nr. 394 ()
      Antwort auf Beitrag Nr.: 38.514.637 von zechn16 am 05.12.09 10:45:32Grundsätzlich ja, wenn da nicht Herr Schimmelbusch wäre:rolleyes:
      Avatar
      schrieb am 05.12.09 15:17:49
      Beitrag Nr. 395 ()
      Antwort auf Beitrag Nr.: 38.514.736 von Kubanisch_Rauchen am 05.12.09 11:28:09so hab mir jetzt die vielen postings von timminco durchgelesen, ist es jetzt eigentlich definitiv, daß timminco ein fake war, oder war die Krise schuld! du scheinst ja ein gutes näschen gehabt zu haben, bist du auch irgendwo long?
      bzw. was sagst du zu 5N Plus, oder Neo Material Techn.? würde mich interessieren?
      Avatar
      schrieb am 05.12.09 15:42:19
      Beitrag Nr. 396 ()
      Antwort auf Beitrag Nr.: 38.515.210 von zechn16 am 05.12.09 15:17:495N finde ich klasse. Da steckt ja im weitesten Sinne C&A hinter:cool: <- kein Scherz.

      Ich weiss nicht ob 32T ein Scherz ist. Jedenfalls haben sie sehr sehr schreckhaft bzgl. Herrn Asensio reagiert. Wenn man nichts zu verbergen hat und alles toll und schön ist muss man so einen Mann nicht fürchten. Er ist eben ein Geier, der vergreift sich nur an Aas, was er ja dann auch getan hat.
      Interessant finde ich auch, das oft ein hohes Volumen vor bekanntgabe irgendwelcher Neuigkeiten entsteht. Erklären kann ich mir das nicht, habe aber eine Vermutung.

      Auf speku BAsis kann man sich was rein legen. Hab ich ja auch gemacht. Schon zwei mal kräftig abgeschöpft ... jetzt bin ich hier mit, was weiß ich, mit Spekuaktien long. Wirklich long bin ich bei YGE, ASTI(!)(<-mein Top Faforiet für die nächsten 2 Jahre)
      Avatar
      schrieb am 05.12.09 15:49:28
      Beitrag Nr. 397 ()
      Antwort auf Beitrag Nr.: 38.515.242 von Kubanisch_Rauchen am 05.12.09 15:42:19SORRY, hatte 5N mit http://www.6nsilicon.com/s/Home.asp verwechselt. Die & N Silicon sind der Hammer. Über 5N weiss ich nicht so viel.
      Avatar
      schrieb am 05.12.09 16:52:05
      Beitrag Nr. 398 ()
      Antwort auf Beitrag Nr.: 38.515.254 von Kubanisch_Rauchen am 05.12.09 15:49:28ja aber 6n ist nicht an der Börse oder?
      kennst du auch neo material techn., sieht für mich auch interessant aus. Mein problem ist, daß es momentan zuviele interessante Stocks gibt, da fällt es schwer sich zu entscheiden!
      PS.: wo war den der Schimmelbusch vorher?
      er ist ja in sehr vielen firmen vertreten, ist kaum zu glauben!
      Avatar
      schrieb am 07.12.09 12:51:22
      Beitrag Nr. 399 ()
      Antwort auf Beitrag Nr.: 38.515.376 von zechn16 am 05.12.09 16:52:05Mein Wissen ist folgendes:

      Schimmelbusch war bei der Metallgesellschaft und hat diese "hingerichtet" und sich dann aus dem Staub gemacht.

      http://de.wikipedia.org/wiki/Heinz_Schimmelbusch

      Am besten informierst Du Dich durch eigenes Recherche!
      Avatar
      schrieb am 07.12.09 12:51:58
      Beitrag Nr. 400 ()
      Antwort auf Beitrag Nr.: 38.515.376 von zechn16 am 05.12.09 16:52:05http://www.manager-magazin.de/unternehmen/missmanagement/0,2…
      Avatar
      schrieb am 20.12.09 11:22:38
      Beitrag Nr. 401 ()
      Thursday, December 17, 2009

      Solar grade silicon manufacturer Timminco is making steady progress in its turnaround plan


      The world economy faces recessions from time to time but the most recent one has been particularly harsh. High profile bankruptcies, a painful credit crunch, falling asset prices and record foreclosures have left many investors and companies in despair.

      In the face of adversary however, companies that embark upon turnaround plans indicate the resolve of the management and their commitment to add shareholder value. Against this backdrop, continued progress of the turnaround plan by Toronto listed Timminco Limited (TSX: TIM) becomes a matter of interest.

      Timminco is engaged in the production of solar grade silicon for the solar photovoltaic energy industry. Using its proprietary, patent pending technology, Timminco purifies silicon metal into solar grade silicon (also known as upgraded metallurgical silicon) for use in the manufacture of solar cells. The company also produces silicon metal for use in a broad range of industrial applications serving the aluminum, chemical, pharmaceutical, electronics and automotive industries.

      As the company’s end-user industries continued to falter in the face of challenging economic conditions it has been a gruelling few months for Timminco as well. Some challenges Timminco faced included the termination of supply agreements, class action law suits and a general decline in the business environment. A turnaround plan, is appears, is indeed a matter of priority for Timminco at this stage.

      Operational challenges are nothing strange to companies such as Timminco, especially during a prolonged recession. What is important is a plan of actions that would steer the company into calmer waters. The company has already started the process and raised $10.6 million through a convertible debenture issue for its wholly-owned subsidiary, Bécancour Silicon Inc from AMG Advanced Metallurgical Group N.V. ("AMG"). In addition, AMG has agreed to purchase through a private placement approximately 3.8 million common shares of Timminco at a price of $1.38 per share, for proceeds of approximately C$5.3 million (US$5.0 million). This translates to approximately 2.6% of Timminco's outstanding share capital.

      The proceeds from these financings will support the turnaround plan and will be paid to the Company's senior secured lender to reduce the outstanding balance, and thereby increase availability under the revolving credit facility. Such increased availability will be used for general corporate purposes, including additional working capital required to support full production of silicon metal and further development of the solar grade silicon product line.

      The Company's turnaround plan is focused on generating positive cash flow through full production of silicon metal and repositioning its solar grade silicon activities in response to current market conditions. The turnaround plan also seeks to reduce operating costs through headcount reductions, raw material procurement programs and product mix decisions, to manage working capital requirements through reduction of inventory, and to conserve cash through limiting capital expenditures.

      At least market conditions appear to be showing signs of improvement for Timminco. The company restarted the third of its three electric arc furnaces at its Becancour Silicon facilities in Quebec, thus returning to full production. The increase in production was in response to additional purchase commitments of silicon metal deliveries in 2009 and 2010 from traditional customers. The resumption will result in the recall of a portion of the unionized workforce which was temporarily laid off earlier in 2009.

      If the company’s turnaround plan delivers its intended results, Timminco may well get back to its past glories. According to Dr. Heinz Schimmelbusch, Chairman of the Board and Chief Executive Officer of Timminco, the company is making progress in its efforts to meet the higher quality demanded by solar grade silicon customers in the current market environment where there appears to be a large supply of low-priced polysilicon. Ongoing refinements to its proprietary purification process and the development of ingoting techniques are advancing towards the goal of enabling customers to produce wafers and cells with characteristics that are indistinguishable from those of wafers and cells made from polysilicon.

      We are planning to meet the management after the holidays for an up date and a more insightful story.


      http://www.proactiveinvestors.com/companies/news/3282/solar-…
      Avatar
      schrieb am 22.12.09 09:35:25
      Beitrag Nr. 402 ()
      Avatar
      schrieb am 20.01.10 16:54:23
      Beitrag Nr. 403 ()
      PRESS RELEASE
      Bitterfeld-Wolfen, 11 January 2010
      Q-Cells International contracts Solar Power Project in
      Ontario, Canada
      Q-Cells International Canada, an affiliate of Q-Cells SE, has been contracted with the delivery of two
      10 megawatt (MW) solar photovoltaic systems in the City of Sault Ste. Marie, Ontario, Canada. The
      turn-key project will also include operations and maintenance services for the systems.
      Starwood Energy Group Global, LLC (“Starwood Energy”), a private investment firm focused on energy
      infrastructure projects, on January 7, 2010 announced that its affiliate, Starwood SSM1 Canada
      Incorporated (“Starwood SSM1”) has completed agreements to finance and construct a 20 megawatt
      (MW) solar photovoltaic project in the City of Sault Ste. Marie, Ontario, Canada. The project, which will
      consist of two 10 MW solar photovoltaic systems, is contracted under the Renewable Energy Standard
      Offer Program developed and overseen by the Ontario Power Authority (“OPA”) and will connect to
      local utility PUC Distribution, Inc. The project, when complete, will be among the largest completed in
      North America.
      The construction financing for the project is being provided by Norddeutsche Landesbank Girozentrale
      (“Nord/LB”), a leading financier of renewable energy projects. The turn-key project including
      operations and maintenance services is being delivered by Q-Cells International Canada, an affiliate of
      Q-Cells SE. Starwood SSM1, which is providing equity financing for the facilities, recently acquired the
      project from Pod Generating Group (“Pod”), a developer of community-scale solar power generating
      facilities and the original developer of the project.
      For each of the two new 10 MW solar facilities, Pod was awarded a 20-year power purchase agreement
      (PPA) under the OPA’s Renewable Energy Standard Offer Program (RESOP). Local jobs will be created
      for engineering, construction and ongoing management, operations, and maintenance of the new solar
      facilities, which are scheduled to be operational in the third quarter of 2010.
      “This partnership demonstrates Q-Cells International’s ability to work with global leaders and local
      developers in delivering high-performance large scale solar systems,” said Q-Cells International Canada
      Avatar
      schrieb am 02.02.10 19:46:11
      Beitrag Nr. 404 ()
      Tja, hier passiert wohl nix mehr, oder???

      Irgendwelche Meinungen:confused:
      Avatar
      schrieb am 08.02.10 17:17:36
      Beitrag Nr. 405 ()
      Antwort auf Beitrag Nr.: 38.866.446 von Kubanisch_Rauchen am 02.02.10 19:46:11Pups. ;)
      Avatar
      schrieb am 08.02.10 17:50:00
      Beitrag Nr. 406 ()
      Antwort auf Beitrag Nr.: 38.904.524 von UWR_Kerl am 08.02.10 17:17:36Bläh:D
      Avatar
      schrieb am 16.02.10 17:59:08
      Beitrag Nr. 407 ()
      Avatar
      schrieb am 16.02.10 23:39:55
      Beitrag Nr. 408 ()
      Avatar
      schrieb am 19.02.10 01:21:43
      Beitrag Nr. 409 ()
      Feb 18, 2010 10:37 ET
      Timminco Announces Long-Term Contracts for Silicon Metal Supply

      TORONTO, ONTARIO--(Marketwire - Feb. 18, 2010) - Timminco Limited ("Timminco") (TSX:TIM) announced today that its wholly-owned subsidiary, Becancour Silicon Inc. ("Becancour"), has executed long-term contracts to supply approximately 90,000 metric tons of silicon metal over the next five years to one of its long-standing silicon metal customers. These contracts confirm and extend this customer's purchase commitments made in the fourth quarter of 2009 and that led to the restart the third silicon metal electric arc furnace at Becancour, as announced on October 16, 2009.

      "This customer commitment reflects the growing demand for silicon metal products from our traditional chemical, aluminum and polysilicon industry customers," said Mr. Rene Boisvert, President and CEO of Becancour. "We are currently producing silicon metal at capacity, operating all three of our silicon metal furnaces, to satisfy the increased demand. We intend to satisfy our commitments under these contracts through our existing production capacity at Becancour."

      The customer has committed to buy certain base quantities in each of the contract years 2010 through 2014, subject to adjustments at the customer's option. The volume commitments may also be suspended for any year after 2010 if the parties are unable to settle upon pricing within mutually agreed ranges.
      Avatar
      schrieb am 26.02.10 13:06:59
      Beitrag Nr. 410 ()
      News Releases << Previous | Next >>

      Timminco Announces Update on Credit Facility
      2/25/2010 6:01:19 PM - Market Wire

      TORONTO, ONTARIO, Feb 25, 2010 (MARKETWIRE via COMTEX News Network) --

      Timminco Limited ("Timminco")(TSX: TIM) announced today that its senior secured lender has agreed to eliminate the requirement for an additional US$5 million of minimum availability reserve that would have become effective as of March 1, 2010.

      Under the Credit Agreement dated April 15, 2005, as amended, with Bank of America, N.A., Timminco is able to access funds up to the amount of the availability under the revolving credit facility. Availability is equal to (i) the lesser of the borrowing base and the revolving credit commitment under the revolving credit facility, minus (ii) the sum of the amounts borrowed under such facility, and the minimum availability reserve. In the fourth quarter of 2009, the Credit Agreement was amended to increase the minimum availability reserve from US$2 million to US$7 million, effective for the 45 day period from February 1 to March 17, 2010. At the end of January, this period was postponed by one month. The current amendment eliminates this additional requirement entirely, such that the minimum availability reserve will remain at its current level of US$2 million.
      http://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn…
      Avatar
      schrieb am 18.03.10 07:40:05
      Beitrag Nr. 411 ()
      Sie haben fertig!:laugh:

      http://www.financialpost.com/story.html?id=2694772


      Schimmelbusch ist eben doch ein Lügner!
      Avatar
      schrieb am 18.03.10 07:42:25
      Beitrag Nr. 412 ()
      Antwort auf Beitrag Nr.: 39.165.048 von Kubanisch_Rauchen am 18.03.10 07:40:05... und eine Sammelklage am Hals:p
      Avatar
      schrieb am 18.03.10 18:27:35
      Beitrag Nr. 413 ()
      Antwort auf Beitrag Nr.: 39.165.048 von Kubanisch_Rauchen am 18.03.10 07:40:05Langfristig denken. Noch läuft weltweit die Wirtschafts-und Finanzkrise. Timminco aber investiert schon wieder in neues Werk in Island - http://www.finanznachrichten.de/nachrichten-2010-02/16157391… - und sichert sich schon für 20 Jahre die benötigte Energie. Den Absturz und die Negativ-Stimmung sollte man zum Kaufen nutzen. Auch hat die Tochterfirma Becancour Silicon Inc. sich gerade wieder einen Langzeitliefervertrag an Land gezogen über "90,000 metric tons of silicon metal over the next five years" siehe http://investing.businessweek.com/research/stocks/private/sn…
      Avatar
      schrieb am 19.03.10 11:47:55
      Beitrag Nr. 414 ()
      Antwort auf Beitrag Nr.: 39.171.300 von hagadi am 18.03.10 18:27:35Die Pläne von Timminco für eine neue Silziumproduktion in Island sowie der Langzeitliefervertrag über 90.000 mt hören sich ja ganz schön an. Jedoch hat das alles nichts mehr mit Aktivitäten im Solarbereich zu tun. Hier geht es einzig und allein um metallurgisches Silizium, dass in großen Mengen bei der Silikonherstellung und bei Aluminiumgießereien gebraucht wird (wobei letztere noch lange mit dem Wirtschaftseinbruch kämpfen werden).
      Die Kursphantasien von früher beruhen einzig und allein auf dem magischen Stichwort "Solar" und diese Blase ist nunmal geplatzt.
      Bei der Herstellung von "gewöhnlichem" Silizium kann man sich nicht unbedingt eine goldene Nase verdienen und hier haben die Zahlen von Timminco vor der Solargeschichte auch nicht gut ausgesehen.
      Der günstige Strompreis in Island ist sehr verlockend, aber die Abhängigkeit von Rohstoffen (in Island gibts außer heißer Luft nicht soviel ;-)) und die Entfernung zu den potentiellen Kunden kann schnell Kostenvorteile auffressen.

      Ich war in Zeiten des Solarbooms stehts ein Verfechter der Technologie Timmincos, jedoch scheint der Zug hier abgefahren und ich kann einem Investment hier nichts abgewinnen. Außerdem ist es mir rätselhaft, wie ein Unternehmen die riesigen aufgelaufenen Schulden durch das fehlgeschlagene Investment nur mit Comodity-Produkten auffangen will.
      Avatar
      schrieb am 27.05.10 22:23:44
      Beitrag Nr. 415 ()
      Totgesagte leben länger....:cool:

      Ob das heute nur ein Strohfeuer war oder hier tatsächlich ein rebound einsetzt wird sich zeigen.

      Hier die nicht mehr ganz aktuellen news:

      Press Release

      MAY 21, 2010
      Timminco Completes Second Tranche of Equity Financing

      TORONTO, ONTARIO--(Marketwire - May 21, 2010) -

      NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

      Timminco Limited ("Timminco" or the "Company") (TSX:TIM) announced today that, further to its news release of May 13, 2010, it has completed the second of three tranches of its private placement equity offering, which is expected to generate total gross proceeds of approximately $13.1 million. The second tranche of approximately 9.0 million common shares was issued at a price of $0.65 per share for gross proceeds of approximately $5.8 million. AMG Advanced Metallurgical Group N.V. ("AMG") acquired approximately 4.2 million common shares with the remaining shares issued to other investors. As a result, AMG now owns approximately 79.1 million common shares of Timminco, representing approximately 41.1% of Timminco's total issued and outstanding shares.

      Timminco expects to complete the third tranche of the equity financing of approximately 4.1 million common shares at the same price per share, for additional gross proceeds of approximately $2.6 million, on or about June 14, 2010. AMG will acquire all of the common shares under the third tranche. Upon completion, AMG's ownership will increase to approximately 42.3%.

      The net proceeds of the offering will be paid to the Company's senior secured lender to reduce a portion of the principal amount outstanding under a new term loan credit facility and to reduce a portion of the outstanding balance under the Company's revolving credit facility with the Bank of America, N.A. The amount repaid under the revolving credit facility may be reborrowed, and used for general corporate purposes, subject to continued compliance with, and availability under, these credit facilities.

      This news release shall not constitute an offer to sell or the solicitation of an offer to buy the common shares in the United States. The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any other state securities laws and may not be offered or sold in the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

      About Timminco

      Timminco is a producer of silicon metal for the chemicals industry (used in silicones, as well as in polysilicon for electronics and solar energy) and the aluminium industry. The Company is also a producer of solar grade silicon, using its proprietary technology for purifying silicon metal, for the solar energy industry.

      Cautionary Notes

      This news release contains "forward-looking information", as such term is defined in applicable Canadian securities legislation, concerning Timminco's future financial or operating performance and other statements that express management's expectations or estimates of future developments, circumstances or results. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "anticipates", "budget", "scheduled", "estimates", "forecasts", "intends", "plans" and variations of such words and phrases, or by statements that certain actions, events or results "may", "will", "could", "would" or "might" "be taken", "occur" or "be achieved". In this news release, such information includes statements regarding the nature and amount of the equity offering, certain investors' participation in such offering, the timing and satisfaction of conditions for closing the offering, and use of proceeds from the offering. Forward-looking information is based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Timminco operates, are inherently subject to significant operational, economic and competitive uncertainties and contingencies. Timminco cautions that forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Timminco's actual results, performance or achievements to be materially different from those expressed or implied by such information, including, but not limited to: liquidity risk; global economic uncertainty; credit risk; pricing and availability of raw materials; silicon metal selling prices; customer concentration; power supply and electricity prices; production interruptions; transportation disruptions; limited history with solar grade silicon; solar grade silicon selling prices; customer commitments for solar grade silicon; solar grade silicon production costs; quality of solar grade silicon; producing ingots with Timminco's solar grade silicon; protection of intellectual property rights; expansion of solar grade silicon production capacity; class action lawsuits; closure of former magnesium facilities; foreign exchange; investment in Applied Magnesium; interest rate risk; financing for capital expenditures; environmental liabilities; relationships with AMG; dependence upon key executives and employees; completion and integration of potential acquisitions, partnerships or joint ventures; risks with foreign operations and suppliers; environmental, health and safety laws and liabilities; intellectual property infringement claims; new regulatory requirements; labour disputes; and changes in tax laws.
      These factors are discussed in greater detail in Timminco's Annual Information Form for the year ended December 31, 2009, and in Timminco's most recent Management's Discussion and Analysis, each of which is available via the SEDAR website at www.sedar.com. Although Timminco has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in forward-looking information, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking information. The forward- looking information in this news release is made as of the date of this news release and Timminco disclaims any intention or obligation to update or revise such information, except as required by applicable law.

      Sedar File Profile #00000838
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      schrieb am 10.08.10 22:44:17
      Beitrag Nr. 416 ()
      ;););):

      TORONTO, ONTARIO -- (Marketwire) -- 08/10/10 -- Timminco Limited ("Timminco") (TSX: TIM) announced today that it has agreed to form a joint venture with Dow Corning Corporation ("Dow Corning") at its silicon metal production facilities in Becancour, Quebec. Dow Corning will acquire a 49% equity interest in a new joint venture entity (the "Joint Venture") that will own the existing silicon metal operations of Timminco's wholly- owned subsidiary, Becancour Silicon Inc. ("BSI"). In exchange, BSI will receive net cash proceeds of US$39.7 million on closing, and up to potentially an additional US$10.0 million after closing subject to achieving certain performance objectives relating to production cost and capacity improvements. BSI will retain a 51% equity stake in the Joint Venture.

      All of the production output of the Joint Venture, which will be based on an initial annual production capacity of 47,000 mt of silicon metal, will be split between BSI and Dow Corning proportional to their ownership interests. All of BSI's solar grade silicon purification operations and facilities at the Becancour site will remain with BSI.

      "This joint venture with Dow Corning builds on a long and successful relationship between the two companies and strengthens Timminco's position for future growth opportunities," said Dr. Heinz C. Schimmelbusch, Timminco's Chairman of the Board and Chief Executive Officer.

      "This acquisition is well aligned with Dow Corning's global strategy of securing an efficient supply of this critical raw material used to manufacture all of our silicon-based products," said Robert Hansen, Dow Corning's executive vice president and general manager of Core Products.

      The Joint Venture, which will be known as "Quebec Silicon", will acquire from BSI all of the silicon metal production assets, including property, plant, equipment, and certain net working capital items, and BSI's quartz mining lease in Lac Malbaie, Quebec. BSI will retain its silicon metal customer relationships, and honour all existing contracts with such customers, through BSI's proportional off-take of the Joint Venture's production.

      All active employees associated with the silicon metal operations will be transferred to the Joint Venture, which will assume certain liabilities associated with such employees, including pension obligations. The transferring employees include a majority of BSI's existing management team, which will continue to manage and operate the silicon metal operations.

      The creation of the Joint Venture and the closing of Dow Corning's acquisition of its 49% equity interest is expected to occur on or about September 30, 2010. The closing is subject to satisfaction of customary closing conditions, including regulatory approvals and consent of BSI's lenders. In the event the conditions are not fulfilled and the transactions do not proceed, BSI and Dow Corning have committed to alternative supply arrangements for 20,000 metric tons of silicon metal to be delivered in 2011.
      Avatar
      schrieb am 24.08.10 22:55:41
      Beitrag Nr. 417 ()
      Die neueste Waschmachinen meldung
      Short Positions on 2010/08/15 16,124,220 16,061,720

      Aug. 18, 2010 (Market News Publishing) --
      TIMMINCO LTD ("TIM-T")
      - Short Positions on 2010/08/15 16,124,220 16,061,720

      Net Total Last Total Price
      Date Change Shorted Price Volume Range
      ----------------------------------------------------------------------------
      2010/08/15 16,061,720 16,124,220 0.48* 46,770,000 0.48 - 0.64
      2010/07/31 28,773 62,500 0.56* 1,284,200 0.51 - 0.58
      2010/07/15 438 33,727 0.50 720,700 0.50 - 0.52
      2010/06/30 -116,877 33,289 0.52 1,923,400 0.52 - 0.62
      2010/06/15 -3,370 150,166 0.56 4,398,000 0.49 - 0.56
      2010/05/31 -1,801,380 153,536 0.57 12,643,300 0.45 - 0.60
      2010/05/15 100,205 1,954,916 0.65* 7,696,000 0.64 - 0.75
      2010/04/30 201,911 1,854,711 0.81 2,674,600 0.80 - 0.88
      http://tmx.quotemedia.com/article.php?newsid=33358136&qm_sym…
      Avatar
      schrieb am 02.10.10 13:41:34
      Beitrag Nr. 418 ()
      Amsterdam, 1 October 2010 --- AMG Advanced Metallurgical Group N.V.'s ("AMG", EURONEXT AMSTERDAM: "AMG") publicly listed affiliate, Timminco Limited ("Timminco") (TSX:TIM) announced today that it has completed its previously announced joint venture transaction with Dow Corning Corporation ("Dow Corning") regarding the silicon metal production facilities of Timminco's wholly-owned subsidiary, Becancour Silicon Inc. ("Becancour Silicon").

      As a result of today's closing, Dow Corning has acquired a 49% equity interest in Quebec Silicon Limited Partnership ("Quebec Silicon"), the new joint venture entity that owns the silicon metal operations in Becancour, Quebec, in consideration for net cash proceeds of approximately $40.3 million. Becancour Silicon could receive earn-out payments of up to potentially an additional $10.0 million, subject to achieving certain performance objectives relating to production cost and capacity improvements within three years after the closing. Becancour Silicon has retained a 51% equity stake in Quebec Silicon, as well as all of the solar grade silicon purification operations and facilities at the Becancour site. The majority of Becancour Silicon's senior management team, led by Mr. Rene Boisvert who becomes President and Chief Executive Officer of Quebec Silicon, will continue to manage the day-to-day silicon metal manufacturing operations of Quebec Silicon going forward.

      Timminco and Becancour Silicon (collectively, the "Company") will use the net cash proceeds from the joint venture transaction to repay fully all outstanding amounts due under the existing revolving credit facility and term loan with Bank of America of approximately $27.7 million. The balance of the net cash proceeds will be used for the Company's general corporate purposes.

      Dow Corning is also providing a $10.0 million revolving credit facility to Quebec Silicon to provide funding for its working capital requirements. Funding is available to Quebec Silicon upon request at any time, up to the full amount of the unused credit commitment and subject to continued compliance. Outstanding amounts bear interest at a variable rate of Canadian prime plus 2%, which is payable quarterly. The revolving credit facility expires on October 1, 2013, and may be terminated earlier, at Dow Corning's discretion, if it ceases to own any interest in Quebec Silicon or upon the occurrence of certain change of control events in respect of Timminco. This facility includes customary negative debt and negative pledge covenants. All of Quebec Silicon's assets have been pledged to Dow Corning as security for Quebec Silicon's obligations under the revolving credit facility.

      Timminco also announced today that the maturity date of the Credit Agreement with Bank of America has been extended for an interim period from September 30 to November 30, 2010, to facilitate on-going negotiations regarding a new multi-year revolving credit facility for the Company. For the duration of such period, the credit commitments have been reduced from $39.0 million to $20.0 million, the advance rates on eligible inventory have been capped at a reduced level, certain slow-moving inventories have been deemed ineligible, the minimum availability reserve has been increased to $5.0 million from $2.0 million, and certain other post-closing deliveries are required as a condition for further advances. All of the Company's assets, including Becancour Silicon's equity interests in Quebec Silicon, continue to be pledged as security for the Company's obligations under the Credit Agreement.

      Timminco also announced today that Investissement Quebec has conditionally agreed to an eight-year extension of the maturity date of the C$25.0 million term loan advanced to Becancour Silicon in July 2009, from August 31, 2011 to July 16, 2019, and certain other amendments to such term loan, subject to the Company's execution of a new revolving credit facility by December 1, 2010 in an amount and on terms that are satisfactory to Investissement Quebec. If the conditions for such extension and amendment are satisfied, the term loan would be repayable in monthly installments of C$175,000, starting August 2012, and additional annual installments in amounts based on a percentage of Becancour Silicon's defined adjusted cash flow, in respect of periods beginning August 2012. As well, Becancour Silicon would be obligated to remit 50% of any future earn-out payments received from Dow Corning as repayment of any outstanding obligations under such term loan. Investissement Quebec continues to have a charge upon all of Becancour Silicon's assets, subordinated to the obligations of the Company under the Credit Agreement with Bank of America.
      Avatar
      schrieb am 27.01.11 19:30:11
      Beitrag Nr. 419 ()
      Der Kursanstieg in Canada heute läßt Hoffnung aufkeimen


      Avatar
      schrieb am 27.01.11 21:47:46
      Beitrag Nr. 420 ()
      Hoffnung auf was??? Weitere Lügen der Bude vom Großmaul Schimmelbusch oder Schimmelpfennig oder wie der Verbrecher heißt?

      Lass mal, die Bude hat schon lange fertig. Nach so vielen Jahren noch immer kein wirkliches Produkt ... das ist lächerlich, peinlich und kriminell, nach den vollmundigen Ankündigungen, aber das konnte der Schimmel schon immer!
      1 Antwort
      Avatar
      schrieb am 28.01.11 15:33:46
      Beitrag Nr. 421 ()
      Antwort auf Beitrag Nr.: 40.939.689 von Kubanisch_Rauchen am 27.01.11 21:47:46Ja, das hast Du vor einem Jahr auch schon gesagt. Aber wie man sieht: Totgesagte leben länger
      Avatar
      schrieb am 28.01.11 20:05:29
      Beitrag Nr. 422 ()
      Und nächstes Jahr sage ich das wieder und von mir aus soll die Bude weiter kriechen. Jeder Anleger darf dann auch seinem Investment beim kriechen und dem dahinsiechen zusehen
      1 Antwort
      Avatar
      schrieb am 29.01.11 20:08:36
      Beitrag Nr. 423 ()
      Antwort auf Beitrag Nr.: 40.946.351 von Kubanisch_Rauchen am 28.01.11 20:05:29Der Schimmelbusch ist ein Stratege, der auch die Metallgesellschaft überlebt hat.
      Vielleicht wird er mit der AMG doch noch einmal groß herauskommen, wobei Timminco, Graphit Kropfmühl und weitere kleinere Firmen Teilnehmer dieses Spiels sein dürfen.
      In ein paar Jahren wird man das Ergebnis sehen.

      e.s.t.
      Avatar
      schrieb am 30.01.11 13:20:07
      Beitrag Nr. 424 ()
      Schimmelbusch hat in erster Line kriminelle Handlungen begangen, das sollte man NIE vergessen. Genau so wie Asensio der Bude das Blendwerk nachgewiesen hatte. Schon alles vergessen?

      http://www.asensio.com/Reports/ReportView.aspx?ReportId=953&…
      Avatar
      schrieb am 20.03.11 18:03:49
      Beitrag Nr. 425 ()
      Die Bude ist tot, mausetot!
      1 Antwort
      Avatar
      schrieb am 22.03.11 18:43:07
      Beitrag Nr. 426 ()
      Antwort auf Beitrag Nr.: 41.238.399 von Kubanisch_Rauchen am 20.03.11 18:03:49Wohl Bestatter was, das Du dich so lange mit Toten abgibst?:laugh:
      Avatar
      schrieb am 22.03.11 19:10:05
      Beitrag Nr. 427 ()
      Leichenfledderer
      Avatar
      schrieb am 04.04.11 15:35:10
      Beitrag Nr. 428 ()
      China setzt vermehrt auf Solarenery. Mal sehen, wann sich das auch auf Timminco auswirkt.

      Wirtschaftsnews - & Top-Story - 02.04.11

      Die Woche im China-Solar-Sektor: Grün-Rot und China treiben den Kurs von Suntech Power, Yingli und ReneSola

      http://www.emfis.de/global/global/top-stories/beitrag/id/Die…
      Avatar
      schrieb am 26.05.11 18:08:15
      Beitrag Nr. 429 ()
      Gibt es was Neues bei Timminco, das ich nicht mitbekommen habe?

      Umsätze an der Nasdaq und in Deutschland ziehen an...hat das einen Grund?
      Avatar
      schrieb am 31.05.11 17:27:59
      Beitrag Nr. 430 ()
      Wieso saust der Kurs so nach oben??? :confused:

      Finde keine news
      Avatar
      schrieb am 02.06.11 19:00:11
      Beitrag Nr. 431 ()
      Jetzt steht fest warum der Kurs steigt.

      Abnahmeverträge der nächsten 4 Jahren wurden fixiert.

      http://www.finanznachrichten.de/nachrichten-2011-06/20415379…

      Da herrscht Planungssicherheit und das sollte auch für weiter steigende Kurse sorgen... :D
      1 Antwort
      Avatar
      schrieb am 25.07.11 11:00:11
      Beitrag Nr. 432 ()
      Antwort auf Beitrag Nr.: 41.596.008 von hagadi am 02.06.11 19:00:11Der Kurs stieg schon vor der News. Nicht gerade vertrauenerweckend so was.
      Avatar
      schrieb am 25.08.11 17:19:44
      Beitrag Nr. 433 ()
      Abend..

      Mal ne Frage an die Long Aktionäre hier :

      Im Board von Coalcorp Mining sitzt seit März dieses Jahres nun auch Herr Dietrich, scheint so als ob er von von Herr Entrekin der noch bei der Zeit dabei gewessen sein müsste als Timminco von 0,30 auf fast 35Dollar hoch ging.

      Kann mir einer vielleicht was Genaueres zu den Herren sagen...danke


      Board Coalcorp :

      Charles Entrekin (Director)
      Charles Entrekin Ph.D. has over 30 years of experience in the mining and metals sector and possesses significant public company experience at the executive officer level. He has recently served as President and Chief Operating Officer of Titanium Metals Corporation, a $1.3 billion NYSE listed producer of primary titanium and its alloys as well as President and Chief Executive Officer of Timminco Ltd., a $250 million TSX listed magnesium, silicon and aluminum company. Through his career Dr. Entrekin has led and implemented many successful restructurings and turnarounds of mining and metals companies in both North America and internationally. Dr. Entrekin holds an MBA from the University of Delaware as well as an M.Sc. and Ph.D from Drexel University.

      Robert Dietrich (Director)
      Mr. Dietrich, is currently Executive Vice President, Finance and Chief Financial Officer of Timminco Limited (TIM-TSX), a producer of silicon metal for the chemical and aluminum industries and solar grade silicon for the solar industry. Mr. Dietrich brings deep financial and accounting experience to the Board. He is a graduate of Queen's University (B. Comm), a Chartered Accountant and has held senior financial management positions in Canadian-based public companies over the past 20 years. Mr Dietrich began his career with Ernst & Young LLP in Toronto where he served in both the Audit and Corporate Finance practices. Mr. Dietrich has also served on various national committees of Financial Executives International (FEI) Canada
      Avatar
      schrieb am 23.04.12 23:15:34
      Beitrag Nr. 434 ()
      APR 20, 2012
      Timminco Confirms Auction
      TORONTO, ONTARIO--(Marketwire - April 20, 2012) - Timminco Limited and its wholly-owned subsidiary Bécancour Silicon Inc. (collectively, the "Company") provided an update on the Company's marketing process in respect of the sale of its business and assets, in connection with the proceedings commenced by the Company under the Companies' Creditors Arrangement Act on January 3, 2012 (the "CCAA Proceeding") in the Ontario Superior Court of Justice (Commercial List) (the "Court").
      The Company received a number of irrevocable and binding Phase II Bids, which were submitted yesterday in accordance with the Bidding Procedures. The Company has determined, in consultation with the Monitor, that there is more than one Qualified Phase II Bid (other than the Stalking Horse Agreement). Accordingly, the Company will proceed with the Auction, which is scheduled to commence at 10:00 am on April 24, 2012, in accordance with the Bidding Procedures.
      The Bidding Procedures, as well as details of the marketing process and other information about the CCAA Proceedings are available on the Monitor's website, at: http://cfcanada.fticonsulting.com/timminco. Capitalized terms used herein not otherwise defined are as defined in the Bidding Procedures approved by the Court on March 9, 2012.
      The Company has also received notice from the Ontario Securities Commission that a temporary cease trade order has been issued, prohibiting all trading in Timminco common shares, due to the Company's failure to file certain continuous disclosure materials in connection with its 2011 annual financial statements, which have not been prepared. The Company expects that such order will become permanent following a hearing scheduled to be held on April 30, 2012.


      und davor:

      JAN 3, 2012
      Timminco Announces CCAA Filing
      TORONTO, ONTARIO--(Marketwire - Jan. 3, 2012) - Timminco Limited ("Timminco") (TSX:TIM) announced that, after consideration of the available alternatives, its Board of Directors has determined that it is in the best interests of the stakeholders of Timminco and its wholly-owned subsidiary, Bécancour Silicon Inc. ("Bécancour Silicon" and, together with Timminco, the "Company") for the Company to commence proceedings under the Companies' Creditors Arrangement Act (the "CCAA").
      The Company's liquidity position has deteriorated as a result of various factors, including reduced cash flows from silicon metal operations, solar market developments that have adversely impacted the timing of a restart of commercial scale production of Timminco Solar, restricted availability of funding under existing credit facilities, and inability to secure additional sources of financing.
      Accordingly, the Company today applied for and obtained an order (the "Initial Order") from the Ontario Superior Court of Justice (Commercial Division) (the "Court") under the CCAA. The Court has granted CCAA protection for an initial period of 30 days, expiring on February 2, 2012. While under CCAA protection, creditors and others are stayed from enforcing any rights against the Company.
      The Company will remain in possession and control of their current and future assets, undertaking and properties, and the proceeds thereof. The Company's operations will continue uninterrupted during the CCAA proceeding and obligations to employees and suppliers of goods and services provided after the filing date will continue to be met thereafter.
      Québec Silicon Limited Partnership, which is a production partnership that produces silicon metal for Bécancour Silicon and Dow Corning, has not applied for creditor protection under CCAA and is not part of these proceedings.
      Pursuant to the Initial Order, FTI Consulting Canada Inc. has been appointed as monitor in the CCAA proceedings (the "Monitor").
      All inquiries regarding the CCAA proceeding should be directed to the Monitor (email: Timminco@fticonsulting.com, or telephone: (416) 649-8125). Information about the Company's CCAA proceedings, including copies of all Court Orders made and the Monitor's reports, will be available on the Monitor's website, at http://cfcanada.fticonsulting.com/timminco.


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