Silver Star - hier sind 50-1000% möglich - mein heimlicher Favourite *SVENJA* - 500 Beiträge pro Seite

[brokersvenja007]

Liebe wo:user, liebe Freunde,

gleich gehts für mich in den Urlaub! vorher möchte ich Euch aber noch eine aktie ans herz legen, die aus meiner sicht in den nächsten wochen eine ausgezeichnete perfomance an den tag legen wird.

SILVER STAR...

die trendwende ist geschafft und es geht wieder aufwärts.
lest den hauptthread und macht euch euer eigenes bild von dieser aktie.
ich bin investiert, habe gestern und vorgestern nachgekauft (mußte ein paar tournigan verkaufen!)

es liegen analysen vor, welche die aktie zwischen 1 und 20(!!) US$ sehen.
selbst die 1US$ wären eine hervorragende performance.
aktueller kurs in BRD 0,31€.
widerstand bei 0,50€, dann ist der weg offen.

Ich wünsche Euch allen viel Erfolg.
beachtet Silver Star

Grüße
Eure
Svenja


Stammdaten
Name: SILVER STAR ENERGY INC.
Gattung: Aktien
WKN: A0BLP5
Symbol: XS1
ISIN: US8282342034
Branche: --
Land: Deutschland
Währung: EUR
Jahreschart 20.01.2006

ChartTool
Kursdaten Frankfurt
Kurs:
10:59:57 0,31 +6,90%
+0,02
Taxe Stück
Bid: 10:59:58 0,30 25.000
Ask: 10:59:58 0,32 15.000
Tief Hoch
Jahr: 0,18 0,29
52 Wochen: 0,17 0,99
Kursdetail


Kursdaten der boerse-stuttgart komplett in realtime! zur Kursansicht

Realtime Kurs Umsatz Zeit Realtime Bid Zeit Bid Stück Realtime Ask Zeit Ask Stück
0,30 0 11:25:23 0,30 11:29:37 5.000 0,32 11:29:37 5.000


unabhängiger Research vom 12/05

Download des Berichtes unter:

http://www.taglichbrothers.com/equityuniverse/companies/silv…

Research Report - Update
Investors should consider this report as only a single factor in making their investment decision.
Silver Star Energy, Inc. Rating: Speculative Buy
John Nobile
SVSE $0.25 — (OTC BB) December 8, 2005
FY(2003)A FY(2004)A FY (2005)E FY (2006)E
Revenues (millions) $0.0 $0.0 $2.0 $16.0
Earnings per share (diluted) $(0.00) $(0.01) $(0.00) $0.04
52-Week range $0.24 – $1.45 Fiscal year ends: December
Shares outstanding (millions) 85.0 Revenue per share (TTM) $0.01
Trading float (millions) a/o 11/05 54.8 Price/Sales (TTM) 25X
Insider + 5% ownership a/o 11/05 36% Price/Sales (FY2006)E 1.7X
Tangible book value/share $0.02 Price/Earnings (TTM) NMF
Price/tangible book value 12.5X Price/Earnings (FY2006)E 6.3X
Headquartered in Los Angeles California, Silver Star Energy is an emerging energy exploration and development company. The
Company is focused on the exploration and development of oil and natural gas reserves throughout western North America.
(www.silverstarenergy.com)
Key investment considerations:
We are reiterating our Speculative Buy rating for shares of Silver Star Energy, Inc. (OTC BB: SVSE) and setting a
twelve-month price target of $0.60. We lowered our price target (previously $0.80) primarily due to a decrease in
our estimates.
Silver Star reported that the November gas production from the Company`s two gas wells, the " Archer-Whitney
#1" and " Archer-Wildlands #1," totaled 87.93 Mmcf. The average daily production rate for the month of
November totaled 2.93 Mmcf per day, up from 2.83 Mmcf in October and 2.56 Mmcf in September. The " Archer-
Whitney #1 well" produced a total of 51.094 Mmcf and the " Archer-Wildlands #1 well" produced a total of 36.839
Mmcf.
The reserves in the category of " Proved Developed Producing" total 3.593 Bcf with a Net Present Value of $12.2
million. These reserves reflect the two producing gas wells only.
Although we have lowered our estimates for 2005 and 2006, we believe the Company should be profitable going
forward with a significant ramp up in revenue.
Assuming the Company is successful in its current projects, we believe that Silver Star will generate revenue of
$2.0 million in fiscal 2005 and report a net loss of $0.3 million or $(0.00) per share. For fiscal 2006, we estimate
Silver Star will generate revenue of $16.0 million and report net income of $4.2 million or $0.04 per diluted share.
*Please view our disclaimer located on page 9.
Silver Star Energy, Inc.
Taglich Brothers, Inc.
2
Business
Headquartered in Los Angeles California, Silver Star Energy is an emerging energy exploration and development
company. The Company is focused on the exploration and development of oil and natural gas reserves
throughout western North America. Silver Star is currently involved with oil and gas exploration projects in both
Alberta and California.
In California, the North Franklin Project Archer-Whitney#1 and Archer Wildlands#1 are new natural gas
reservoir discoveries. The ongoing development of Alberta projects includes the Evi, the currently producing
Joarcam, as well as Buffalo Lake and Verdigris Lake prospects.
Management is also focused on an acquisition program targeting high-quality, low risk prospects provided
through key strategic partnerships.
Recent Financial Results
For the third quarter ended September 30, 2005 versus the same period in 2004:
• Revenue was $0.5 million as compared to no revenue in the same period in 2004.
• Total expenses increased to $0.4 million from $0.2 million.
• Net income was $0.036 million or $0.00 per share versus a net loss of $0.206 million or $(0.00) per share.
In comparison, Taglich Brothers’ estimates called for third quarter revenue of $1.4 million and net income of
$0.288 million or $0.00 per diluted share.
Balance Sheet as of September 30, 2005
Silver Star’s cash balance was $0.008 million. The Company had a working capital deficit of $1.5 million, longterm
debt of $0.8 million and a tangible book value of $0.02 per share. Silver Star used $0.1 million cash from
operations during the first nine months of fiscal 2005.
Recent Financing
In October 2005, Silver Star closed on subscriptions for a minimum of $3,350,000 from the sale of its senior
secured convertible promissory notes. The convertible notes accrue dividends at a rate of 8% annually and are
payable at the option of the Company in cash or shares of the Company’s common stock. The convertible notes
can be converted to common shares on the basis of $0.315 per share. In addition, each investor receives warrants
for 100% of the common shares underlying the notes exercisable into common shares for 5 years at an exercise
price of $0.63. The funds will be utilized to repay the Company’s outstanding debenture, for drilling costs, and
for working capital.
Silver Star Energy, Inc.
Taglich Brothers, Inc.
3
North Franklin Developments
November Gas Production
Silver Star reported that the November gas production from the Company`s two gas wells, the " Archer-Whitney
#1" and " Archer-Wildlands #1," totaled 87.93 Mmcf. The average daily production rate for the month of
November totaled 2.93 Mmcf per day, up from 2.83 Mmcf in October and 2.56 Mmcf in September. The
" Archer-Whitney #1 well" produced a total of 51.094 Mmcf and the " Archer-Wildlands #1 well" produced a total
of 36.839 Mmcf.
Update for “Archer F-1” Gas Well
In November 2005, Silver Star updated the planning for the " Archer F-1" deep Forbes test, the next gas well to be
drilled at the Company`s North Franklin gas reservoir, Sacramento Basin California. Silver Star said it advanced
funds to the operator in full for the Company`s share of the drilling costs for the well.
The construction of an all-weather road and drilling pad is ongoing now that well licensing and permitting have
been completed. This will allow drilling to proceed during the wet season when conditions usually prevent
mobilizing drilling equipment. The operator is currently sourcing a suitable drilling rig capable of reaching the
main objective, that being the 11,800-foot Forbes F-zone.
Silver Star claims that the deep Forbes F-zone has the potential to contain 60 Bcf gas. The well location offsets
the productive upper Winters sand discovered in 2004 and will test both the upper and middle F-zone fans at a
structurally favorable position. In the event that the F-zone is not productive at this location, the well could be put
into production from the Winters as the third producing well in the reservoir. The 11,800-foot well is estimated to
cost through completion and tie-in, approximately $2.4 million.
Proved Developed Producing Reserves
In November 2005, Silver Star announced it received a reservoir engineering reserve report from Chapman
Petroleum Engineering, Ltd. on the North Franklin Project, Sacramento, California. The two producing gas wells,
Archer-Whitney #1 and Archer-Wildlands #1, were used to assign the following net reserves to Silver Star`s 40%
working interest.
The reserves in the category of " Proved Developed Producing" total 3.593 Bcf with a N.P.V. (Net Present Value)
at a 10% D.C.F. (Discounted Cash Flow) of $12,220,000. These reserves reflect the two producing wells only.
Additional " Probable" reserves have been estimated for incremental recovery on the two existing wells and for
one down dip location. However, under SEC regulations, probable reserves are not recognized or reported.
Alberta Developments
Joarcam Interest Sold
On December 8, 2005, Silver Star announced it closed the sale of its 70% working interest in assets located in the
Joarcam area of Alberta for gross proceeds of $2,227,750 CDN or $1,922,730 US (before applicable Canadian
withholding taxes). The purchaser was EnerMark Inc., part of Enerplus Resources Fund. EnerMark controls
most of the lands surrounding Joarcam and has production from various oil wells in the area.
Silver Star said it is moving forward with the North Franklin, EVI and Kansas projects and anticipates replacing
the Joarcam well production once the EVI `7-11` well is finished and in production.
Silver Star Energy, Inc.
Taglich Brothers, Inc.
4
Discussion and Analysis
Given Silver Star’s recent developments, it appears that revenue should begin ramping up nicely. Following is
the Company’s outlook for its current projects:
ALBERTA CANADA
EVI Prospect: Silver Star has drilled one well, the " 7-11" , of which testing did not establish production at
commercial rates under the well`s current state of completion and concluded that a fracture program was required.
Log analysis indicates that the oil reservoir in this well is better than in a nearby well that has produced over
100,000 barrels of oil to date and is still producing.
Silver Star has executed an Authority for Expenditure (A.F.E.) and advanced funds in full to the operator totaling
$217,000 for the commencement of the final well completion program at the " 7-11" well. Transaction Oil and
Gas Ventures, the operator of the project, has secured a work-over rig required to implement the EVI " 7-11" oil
well fracture stimulation program and has informed Silver Star that a rig will be available to commence the work
in December, 2005. If successful, the well could be put on production with existing infrastructure 4.5 miles to the
south on lands being developed by Husky Oil at a cost of $675,000. One additional test well is planned during the
next 12 months at a cost of $800,000 completed.
CALIFORNIA
North Franklin Prospect: The two producing gas wells on the property, " Archer-Whitney #1" drilled in 2004 and
" Archer-Wildlands #1" drilled in 2005, currently produce between 2.75 and 2.85 Mmcf per day. Silver Star
received a reservoir engineering reserve report from Chapman Petroleum Engineering, Ltd. on the North Franklin
Project and the “Archer-Whitney #1 and Archer-Wildlands #1 were used to assign the following net reserves to
the Company’s 40% working interest.
As mentioned earlier, the reserves in the category of " Proved Developed Producing" total 3.593 Bcf with a net
present value, at a 10% discounted cash flow, of $12,220,000. These reserves reflect the two producing wells
only. Two additional locations for Winters development wells have been engineered. Wells have been budgeted
at $750,000 drilled and completed with Silver Star’s working interest share at $300,000 per well. These two
additional wells are planned during the next 12- month period.
Also mentioned earlier was the deep gas potential in the Forbes (F-zone) to contain 60 Bcf gas. The North
Franklin partners are planning to drill the test well in late 2005 or early 2006. If the gas is productive and not
over pressured, an inherent risk, additional deep F-zone wells may be drilled in the next 12 months. The costs of
the deep tests will be the mitigating factor to further development, if successful.
KANSAS
In August 2005, Silver Star executed a memorandum of understanding to acquire a 20% working interest from a
private company in a prospective Kansas oil and gas play. Silver Star plans to sign formal contracts and a joint
operation agreement shortly. The current budget for capital expenditures for the next 12 months is $500,000 that
would include the drilling of at least two 4,000-foot wells.
Silver Star Energy, Inc.
Taglich Brothers, Inc.
5
Projections
Assuming the Company is successful in its current projects, we believe that Silver Star will generate revenue of
$2.0 million in fiscal 2005 and report a net loss of $0.3 million or $(0.00) per share. For fiscal 2006, we estimate
Silver Star will generate revenue of $16.0 million and report net income of $4.2 million or $0.04 per diluted share.
Our estimates have been reduced since our last report which called for fiscal 2005 and 2006 revenue of $3.9
million and $20.5 million respectively, and net income of $0.4 million or $0.00 per diluted share and $5.9 million
or $0.06 per diluted share respectively, primarily due to the lower than expected recent financial results and a
lower price for a barrel of oil.
We are assuming gross margins of 55% (in line with the oil and gas operations industry). Our estimates do not
include any revenue that may arise from the acquisition of a working interest in the large Kansas oil and gas
project that was mentioned earlier. It is important for the reader to understand that due to the newness of the
Company’s current operations, it is difficult to estimate future operational results with a high degree of accuracy.
Risks
Going concern issues
The Company is an exploration stage company and its general business strategy is to acquire oil and gas
properties either directly or through the acquisition of operating entities. The continued operations of the
Company and the recoverability of oil and gas property acquisition, exploration and development costs is
dependent upon the existence of economically recoverable reserves and the ability of the Company to obtain
necessary financing to complete the development of those reserves, and upon future profitable production. To
date, the Company has not generated significant revenues from operations and significant losses are anticipated
prior to the generation of any revenues.
Given the Company`s limited operating history, lack of sales, and its operating losses, there can be no assurance
that it will be able to achieve or maintain profitability. Accordingly, the Company’s independent auditors raise
substantial doubt about the Company`s ability to continue as a going concern.
Dilution
Silver Star recently received commitments for its convertible promissory notes and warrants. The exercise price
of the convertible notes is below the current market price which could induce conversion into common stock.
Also, if the stock price goes above the warrant exercise price of $0.63 per share, investors could be further
induced to buy shares which could bring further dilution to existing shares.
Various other risks
The following factors should also be considered before investing in Silver Star:
- the level of general economic and business conditions;
- the Company’s ability to acquire and develop specific projects;
- the ability to fund operations; and
- changes in consumer and business consumption habits.
Federal Reserve
Over the past year and a half, the Federal Reserve has raised short-term interest rates 12 times. Investors need to
be aware that such a monetary policy is theoretically bad news for equity prices and valuations.
Silver Star Energy, Inc.
Taglich Brothers, Inc.
6
Liquidity concerns
Currently, the Company has 85.0 million shares outstanding. Although average daily volume has been
approximately 400,000 shares, liquidity issues must be considered as there have been days when volume was
quite low. Significant trading in shares of SVSE could produce large swings in the price of the stock. As with
most thinly traded microcap stocks, these shares should only be purchased by those who can tolerate above
average risk.
Miscellaneous risks
The Company`s financial results and equity values are subject to other risks and uncertainties known and
unknown, including but not limited to competition, operations, financial markets, regulatory risk, and/or other
events. These risks may cause actual results to differ from expected results.
Conclusion and Valuation
We are reiterating our Speculative Buy rating for shares of Silver Star Energy, Inc. (OTC BB: SVSE). Although
we have lowered our estimates for 2005 and 2006, we believe the Company should be profitable going forward
with a significant ramp up in revenue.
We are valuing shares of SVSE by applying the industry (Oil & Gas Drilling & Exploration industry) multiple of
15X to our fiscal 2006 earnings estimate of $0.04 per diluted share. With this model, we arrive at a twelvemonth
priced target of approximately $0.60 per share. This may prove to be a conservative valuation as we
believe the Company will grow at a much greater rate than the industry.
Silver Star reported that the November gas production from the Company`s two gas wells, the " Archer-Whitney
#1" and " Archer-Wildlands #1," totaled 87.93 Mmcf. The average daily production rate for the month of
November totaled 2.93 Mmcf per day, up from 2.83 Mmcf in October and 2.56 Mmcf in September. The
" Archer-Whitney #1 well" produced a total of 51.094 Mmcf and the " Archer-Wildlands #1 well" produced a total
of 36.839 Mmcf.
The reserves in the category of " Proved Developed Producing" total 3.593 Bcf with a Net Present Value of $12.2
million. These reserves reflect the two producing gas wells only.
Assuming the Company is successful in its current projects, we believe that Silver Star will generate revenue of
$2.0 million in fiscal 2005 and report a net loss of $0.3 million or $(0.00) per share. For fiscal 2006, we estimate
Silver Star will generate revenue of $16.0 million and report net income of $4.2 million or $0.04 per diluted share.
Silver Star Energy, Inc.
Taglich Brothers, Inc.
7
Taglich Brothers’ Current Ratings Distribution
Silver Star Energy, Inc.
Taglich Brothers, Inc.
8
Meaning of Ratings
Buy
We believe the Company is undervalued relative to its market and peers. We believe its risk reward ratio strongly
advocates purchase of the stock relative to other stocks in the marketplace. Remember, with all equities there is
always downside risk.
Speculative Buy
We believe that the long run prospects of the Company are positive. We believe its risk reward ratio advocates
purchase of the stock. We feel the investment risk is higher than our typical “buy” recommendation. In the short
run, the stock may be subject to high volatility and continue to trade at a discount to its market.
Neutral
We will remain neutral pending certain developments.
Underperform
We believe that the Company may be fairly valued based on its current status. Upside potential is limited relative
to investment risk.
Sell
We believe that the Company is significantly overvalued based on its current status. The future of the Company`s
operations may be questionable and there is an extreme level of investment risk relative to reward.
Some notable Risks within the Microcap Market
Stocks in the Microcap segment of the market have many risks that are not as prevalent in Large-cap, Blue
Chips or even Small-cap stocks. Often it is these risks that cause Microcap stocks to trade at discounts to
their peers. The most common of these risks is liquidity risk, which is typically caused by small trading
floats and very low trading volume which can lead to large spreads and high volatility in stock price. In
addition, Microcaps tend to have significant company specific risks that contribute to lower valuations.
Investors need to be aware of the higher probability of financial default and higher degree of financial
distress inherent in the microcap segment of the market.
From time to time our analysts may choose to withhold or suspend a rating on a company. We continue to publish
informational reports on such companies; however, they have no ratings or price targets. In general, we will not
rate any company that has too much business or financial uncertainty for our analysts to form an investment
conclusion, or that is currently in the process of being acquired.
Silver Star Energy, Inc.
Taglich Brothers, Inc.
9
The information and statistical data contained herein have been obtained from sources, which we believe
to be reliable but in no way are warranted by us as to accuracy or completeness. We do not undertake to
advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell.
Taglich Brothers, Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a market maker and
does not sell to or buy from customers on a principal basis. The above statement is the opinion of
Taglich Brothers, Inc. and is not a guarantee that the target price for the stock will be met or that
predicted business results for the company will occur. There may be instances when fundamental,
technical and quantitative opinions contained in this report are not in concert. We, our affiliates, any
officer, director or stockholder or any member of their families may from time to time purchase or sell
any of the above-mentioned or related securities. Analysts and members of the Research Department are
prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a
research relationship with, except if ownership of such securities was prior to the start of such
relationship, then an Analyst or member of the Research Department may sell such securities after
obtaining expressed written permission from the Director of Research. As of the date of this report, we,
our affiliates, any officer, director or stockholder, or any member of their families do not have a position
in the stock of the company mentioned in this report. All research issued by Taglich Brothers, Inc. is
based on public information. Taglich Brothers, Inc. does not currently have an Investment Banking
relationship with the company mentioned in this report and was not a manager or co-manager of any
offering for the company within the last three years. The company paid for the creation and
dissemination of research reports for the first year a monetary fee of $21,000 (USD) on November 2004,
and after the first year of publication will pay a monthly monetary fee of $1,750 (USD) to Taglich
Brothers, Inc., for the creation and dissemination of research reports.
I, John Nobile, the research analyst of this report, hereby certify that the views expressed in this report
accurately reflect my personal views about the subject securities and issuers; and that no part of my
compensation was, is, or will be directly or indirectly related to the specific recommendations or views
contained in this report.
Silver Star Energy, Inc.
Taglich Brothers, Inc.
10
Consolidated Balance Sheets
(in thousands)
September 30, 2005 December 31, 2004
Assets
Cash 8 $ 138 $
Accounts receivable 244 -
Prepaid expense 13 19
Total current assets 265 157
Property, plant and equipment, net 72 27
Other assets 3,751 3,028
Total assets 4,088 $ 3,212 $
Liabilities and stockholders` equity
Accounts payable 80 76
Accrued liabilities 54 -
Notes payable 450 450
Due to related party 94 92
Convertible debentures 1,060 -
Accrued interest 65 10
Total current liabilites 1,803 628
Convertible debentures 750 750
Accrued interest 32 4
Total stockholders` equity 1,503 1,830
Total liabilites and stockholders` equity 4,088 $ 3,212 $
Silver Star Energy, Inc.
Taglich Brothers, Inc.
11
Annual Income Statements for the Years Ended
(in thousands)
FY(12/03)A FY(12/04)A FY(12/05)E FY(12/06)E
Revenue 17 $ - $ 2,026 $ 16,000 $
Cost of production - - 855 7,200
Gross profit 17 - 1,171 8,800
Gross margin NMF NMF 57.80% 55.00%
Consulting and management fees 77 239 456 600
General and administrative expenses 13 746 540 600
Professional fees 26 107 104 100
Operating income (99) (1,092) 71 7,500
Other income 17 (25) (289) (480)
Income before taxes (82) (1,117) (218) 7,020
Income tax (benefit) - - 44 2,808
Net Income / (Loss) (82) $ (1,117) $ (262) $ 4,212 $
Basic EPS (0.00) $ (0.01) $ (0.00) $ 0.05 $
Diluted EPS (0.00) $ (0.01) $ (0.00) $ 0.04 $
Basic Shares Outstanding 152,738 92,006 85,021 85,021
Diluted Shares Outstanding 152,738 92,006 85,209 107,000
Silver Star Energy, Inc.
Taglich Brothers, Inc.
12
Quarterly Income Statement for the Fiscal Year Ending 2004
(in thousands)
Q1(3/04)A Q2(6/04)A Q3(9/04)A Q4(12/04)A FY(12/04)A
Revenue - $ - $ - $ - $ - $
Consulting and management fees 77 46 41 75 239
General and administrative expenses 103 316 134 193 746
Professional fees 36 18 29 24 107
Operating income (216) (380) (204) (292) (1,092)
Other income - - (2) (23) (25)
Income before taxes (216) (380) (206) (315) (1,117)
Income tax (benefit) - - - - -
Net Income / (Loss) (216) $ (380) $ (206) $ (315) $ (1,117) $
Basic EPS (0.00) $ (0.00) $ (0.00) $ (0.00) $ (0.01) $
Diluted EPS (0.00) $ (0.00) $ (0.00) $ (0.00) $ (0.01) $
Basic Shares Outstanding 118,183 83,098 84,144 85,021 92,006
Diluted Shares Outstanding 118,183 83,098 84,144 85,021 92,006
Silver Star Energy, Inc.
Taglich Brothers, Inc.
13
Quarterly Income Statement for the Fiscal Year Ending 2005
(in thousands)
Q1(3/05)A Q2(6/05)A Q3(9/05)A Q4(12/05)E FY(12/05)E
Revenue 29 $ 458 $ 539 $ 1,000 $ 2,026 $
Cost of production - 260 145 450 855
Gross profit 29 198 394 550 1,171
Gross margin 100.00% 43.23% 73.10% 55.00% 57.80%
Consulting and management fees 63 109 134 150 456
General and administrative expenses 133 148 109 150 540
Professional fees 17 15 52 20 104
Operating income (184) (74) 99 230 71
Other income (48) (58) (63) (120) (289)
Income before taxes (232) (132) 36 110 (218)
Income tax (benefit) - - - 44 44
Net Income / (Loss) (232) $ (132) $ 36 $ 66 $ (262) $
Basic EPS (0.00) $ (0.00) $ 0.00 $ 0.00 $ (0.00) $
Diluted EPS (0.00) $ (0.00) $ 0.00 $ 0.00 $ (0.00) $
Basic Shares Outstanding 85,021 85,021 85,021 85,021 85,021
Diluted Shares Outstanding 85,021 85,021 85,021 85,771 85,209
Silver Star Energy, Inc.
Taglich Brothers, Inc.
14
Quarterly Income Statement for the Fiscal Year Ending 2006
(in thousands)
Q1(3/06)E Q2(6/06)E Q3(9/06)E Q4(12/06)E FY(12/06)E
Revenue 2,200 $ 3,400 $ 4,600 $ 5,800 $ 16,000 $
Cost of production 990 1,530 2,070 2,610 7,200
Gross profit 1,210 1,870 2,530 3,190 8,800
Gross margin 55.00% 55.00% 55.00% 55.00% 55.00%
Consulting and management fees 150 150 150 150 600
General and administrative expenses 150 150 150 150 600
Professional fees 25 25 25 25 100
Operating income 885 1,545 2,205 2,865 7,500
Other income (120) (120) (120) (120) (480)
Income before taxes 765 1,425 2,085 2,745 7,020
Income tax (benefit) 306 570 834 1,098 2,808
Net Income / (Loss) 459 $ 855 $ 1,251 $ 1,647 $ 4,212 $
Basic EPS 0.01 $ 0.01 $ 0.01 $ 0.02 $ 0.05 $
Diluted EPS 0.00 $ 0.01 $ 0.01 $ 0.01 $ 0.04 $
Basic Shares Outstanding 85,021 85,021 85,021 85,021 85,021
Diluted Shares Outstanding 102,000 105,000 109,000 112,000 107,000
Silver Star Energy, Inc.
Taglich Brothers, Inc.
15
Statement of Cash Flows for the Nine Months Ended
(in thousands)
September 30, 2005 September 30, 2004
Cash Flows from Operating Activities
Net income (loss) (327) $ (802) $
Depreciation, amortization and depletion 245 3
Stock issued for account payable - 25
(Gain) loss on disposal of assets 3 -
(Increase) decrease in other assets & prepaids 6 27
Increase (decrease) in accounts receivable (244) -
Increase (decrease) in accounts payable 4 123
Increase (decrease) in accrued liabilities 139 -
Net cash used by operations (174) (624)
Cash Flows from Investing Activities
Acquisition/sale of equipment, net (56) (30)
Acquisition of oil & gas property interests (960) (1,747)
Net cash used by continuing operations (1,016) (1,777)
Cash Flows from Financing Activities
Proceeds from convertible debentures 1,060 -
Proceeds from loans - 250
Proceeds from sale of common stock - 1,655
Net Cash Provided by Financing 1,060 1,905
Net Change in Cash (130) (496)
Cash - Beginning of Period 138 502
Cash - End of Period 8 $ 6

http://www.taglichbrothers.com/equityuniverse/companies/silv…

[wathastdugesacht]

50 - 1000 %! Sau geil.

Wie wärs mit 30 - 1750%?
Oder doch besser 85 - 88,5 %?
Hier ist echt alles möglich...
Von -100% bis 1.000.000 %.

Sucht es euch einfach aus.
Ich liebe es.
Gruß und schönes WE

[brokersvenja007]

was-hast-du-gesacht.

diese prozentangaben ergeben sich aus den vorliegenden analysen.

mehr nicht, war keine persönliche vermutung.

also, bitte sachlich bleiben, wenn dich silver star nicht interessiert, ok! dann schreibe hier aber auch nicht..

ich empfehle die aktie, da ich von ihr überzeugt bin.
grüße
svenja

[wathastdugesacht]

Bin doch sachlich. Habe ja nicht unterstellt, dass es deine Meinung ist. Finde diese Threads einfach nur klasse und kann dann manchmal mein Mitteilungsbedürfnis nicht mehr unterdrücken. Aussage DIE TAUSEND, dann ein ellenlanger Text, am besten in einer Fremdsprache, damit Ihn niemand liest. Ok ich weiß, das sind die Analystenstimmen, und die sind halt englisch. Kann lesen wer will. Enstcheidend ist TAUSEND!
Und ja, die Aktie interessiert mich nicht. Deshalb bin ich nun hier weg. Will ja nicht den Thread zumüllen und den Leuten Ihren Fünfziger bis Tausender schlechtreden.

Viel Erfolg und schönen Urlaub

[Quadra]

[brokersvenja007]

wir sprechen uns in ein paar wochen wieder, dann hole ich diesen thread hervor und freue mich über fette gewinne..

grüße
svenja

[Shatoi]

[posting]19.801.041 von brokersvenja007 am 20.01.06 13:38:57[/posting]Ganz großes kino und du bist eine(r) der Typen, welche den schlechten Film zeigen...
Silver war immer schrott und wird es auch bleiben... kenne den wert schon seit 1,5 jahren... bei diesen pusherbriefen, sollte man mehr als zurückhaltend sein und das nicht auch noch verstärken. gekaufte analysen ziehen fast nur noch in deutschalnd, weshalb jeder schrottwert zumindest über berlin zu beziehen ist, seltsam , oder? naja, wer hier geld verbrennen will solls tun, möglicherweise gibbet genug idioten, welche auch nach +100% noch welche kaufen, aber es ist deshalb unwahrscheinlich, weil mit dem wert(siehe chart) das gleiche spiel schon zu oft getrieben wurde... wir werden ja sehen... fällt die klitsche wieder, pushst du ja sowieso die nächste klitsche und man sieht nix mehr von dir hier... wünsche denen, welche investieren mehr als glück, sie werden es brauchen!!!

[brokersvenja007]

[posting]19.806.628 von Shatoi am 20.01.06 18:29:47[/posting]was bist du denn für ein lustiger zeitgenosse, noch nicht mal ein jahr hier im board, einen thread erstellt und kommst mir dann so komisch von der seite!!

über 6 Jahre bin ich jetzt hier, aber so einen wie dich hatte ich noch nicht oft...ich stehe grundsätzlich zu den werten, die ich empfehel, wenn ich verluste einfahre, kann ich das auch kund tun, wenn ich gewinne mache, ebenfalls.

warum ich verschwinden sollte, ist mir schleierhaft, vermutlich stammt diese annahme von deiner jahrelangen beobachtung meiner person.

wir werden sehen, wie sich silver star entwickelt, dann können wir abrechen..aber bitte nicht schon nach zwei bis drei wochen, dann müßte ich noch mehr über dich lachen....

ich werde mich melden...und noch eins, weder ich mit meinem thread noch du mit deinem geheule werden irgednwie den kurs beeinflussen, wir sind viel zu kleine nummern...nur auch bei denen gibt es deutliche unterschiede, welche mit und welche ohne ahnung

schönen abend
svenja

[Albatossa]

[posting]19.799.637 von wathastdugesacht am 20.01.06 12:26:36[/posting]Hallo wathastdugesacht,

der Text ist doch nur in english geschrieben und die meisten von uns hatten doch diese Fremdsprache im Lehrunterricht!

Ich für meine Person hatte noch nie english in der Schule und kann diese Analyse trotzdem lesen und wenn ich mal was nicht wissen sollte dann hilft halt www.leo.org einem aus!

Dabei kommt dieser Analyst gerade mal auf 0,04 Dollar Gewinn pro Aktie im Finanzjahr 2006! Das ist in meinen Augen sogar sehr konservativ, weil ich von einen Gewinn bei 0,08 Dollar ausgehe. Das kommt aber davon, weil ich von einen höheren Preis beim Oil brent ausgehe!

Das dieser Thread einwenig überzogen ist würde ich mal nicht von der Hand weisen. Aber ich denke diese Art und Weise der Darstellung zieht ja diese Anleger doch irgendwie an!

[Wildschwein]

Sah ja bis jetzt sehr gut aus die letzten Wochen.

[JoJo49]

Hallo Leute,

bin davon überzeugt das wir hier noch ein wenig Geduld aufbringen müssen, kann aber schon Ende Februar, Anfang März steil aufwärts gehen.
Meiner Meinung nach wird sich das Warten hier lohnen!

Gruß, viel Erfolg und gute Gedanken JoJo


http://www.silverstarenergy.com/