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Polaris Minerals Corporation T.PLS

Sector: Building Materials | Sub-Sector: Building Materials
Alternate Symbol(s):  POLMF

Polaris Minerals Corp is a supplier of high quality sand and gravel concrete aggregates in northern California. It is engaged in the development and operation of construction aggregate properties and projects in North America.
Price: $2.15 | Change: +$0.04 | %Change: +1.90%
Volume: 300 | Day High/Low: 2.15/2.11 | 52 Week High/Low: 3.20/1.52
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1 star

Off topic : aggman may I ask you a favor ?

A new member on the HBK board was comparing PLS to HBK on the HBK board . He asked a question that I think would be up your ally to respond to . Could you come by and express your opinion concerning...read more
0 stars

RE:RE:RE:on the question of value

think you are spot on: they are marginal (fringe) geographically - so not sure of their relevance to the Silican Valley market. True change of ownership - but I think this was a case of VMC buying...read more
0 stars

RE:RE:on the question of value

Good points as usual. To be clear, it is refreshing that Wilson is not a tout. A mention of the volumes of the San Jose property would have been helpful is all. But the VMC acquisition is not new...read more
0 stars

RE:on the question of value

omitted this point: one reason Wilson is not a tout - is that there is the otherside of the ledger.   For example, VMC reported that in the last quarter they bought reserves south of San Francisco...read more
0 stars

RE:on the question of value

SPOT ON. As always, a few points: 1. US Concrete is now well run - Bill Sanbrook ex Marine and ex Oldcastle - became ceo 4 yrs ago - and has taken the stock from 2 to 28.   USCR was an overlevered...read more
0 stars

on the question of value

There was an interesting exchange on the US Concrete call where an analyst is asking about the vertical integration strategy, since USCR is trying to buy aggregate sources. The analyst pointed out...read more
0 stars

RE:RE:California Aggregate Pricing

correct:  entry is no easy task. So there is entry level pricing and these guys have done entry level pricing in a diabolical 5 year window and they get high marks for that. what you will see is 2 to...read more
0 stars

RE:California Aggregate Pricing

a very nice piece and post - thank you. a few points: - broadly under the category of common used aggregate:  you have sand, alluvial gravels and crushed stones - most common are 57's or concrete...read more
0 stars

RE:California Aggregate Pricing

I would think all up and down the coast. Its just a matter of when. Polaris is not going to run out money or sand/gravel. I think people tend to think of pricing as something that happens on a...read more
5 stars

California Aggregate Pricing

AGGREGATE SUSTAINABILITY IN CALIFORNIA    Aggregate Price  The price of aggregate throughout California varies considerably depending on location, quality, and supply and demand. The highest...read more
0 stars

RE:RE:Q3 Call - high-lights, low-lights, deeper read

you could be right - i need to look into it. for me a mild concern is - there have been too many issues that they don't control that adversely nibble away at results: - channel dredging (core of...read more
0 stars

RE:Q3 Call - high-lights, low-lights, deeper read

I saw it mostly like that. Although I'm not sure you have the ex-quarry issue correct. I believe that is actually higher margin business. The customer is paying for shipping directly. The rest of...read more
5 stars

Q3 Call - high-lights, low-lights, deeper read

LOWLIGHTS a lot wrong with pricing in 2014 ex-quarry sales (customers not paying for shipping) have had a -67 cent/ton drag.   inexcusable. large proportion in fixed price...read more
5 stars

Conference call highlights

-Looking for 500K tons from POLB for 2015 at a price slightly higher than SF. -Expect decent price increases from SF for next year as fixed contracts expire soon. -Volume up in SF by 15% vs 2014. -Don...read more
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:Polaris announces 2014 third quarter financial results

We are on the same page. I especially appreciate the point that hen you attach the terminal network they've developed with the Orca and its infrastructure, you simply can't replace this. Let's say you...read more
0 stars

RE:RE:RE:RE:RE:RE:RE:Polaris announces 2014 third quarter financial results

excellent analysis - I agree with nearly all of it. a few points: 1.  Its hard being overly critical when i think back to decisions in 05 - 07.  Aggregate comapnies were trading at 13x fwd ebitda...read more
5 stars

RE:RE:RE:RE:RE:RE:Polaris announces 2014 third quarter financial results

They have used a little more than 2.5mm in cash. 1.5 for POLB and the rest in foreign currency translation (they are reporting in USD, an their cash is presumably in CAD). My take on the raise is as...read more
0 stars

RE:RE:RE:RE:RE:Polaris announces 2014 third quarter financial results

At September 30, 2014, the Company had working capital of $20.8 million that included cash of $14.8 million. The equity raise was 16million CAD and they have 14 million left US. So they have not used...read more
0 stars

RE:RE:RE:RE:Polaris announces 2014 third quarter financial results

There is a lot of good in these results in amogst the issues called out. SG&A is up (new hires). For me, looking at ASP and sales mix variance - it underscores how powerful the PoLB outlet will be...read more
0 stars

RE:RE:RE:Polaris announces 2014 third quarter financial results

Thx for your thoughts. I just went through the numbers. The bottom line is this is going to take a lot longer than I thought to get profitable. They were 170,000 tons at $12.31 short of break even. I...read more