SolarPVInvestor Forums

A little late with the story?? I posted this 2 days ago.

They shut down Poly in Q4 to upgrade and combine phase 1 and 2. Now they running trial production at $20 cost as of 1 week ago. IR SOL send me info.

I can not see how SOL could be profitable with the numbers they said on last CC.

unfortunately the WS can read it as an attempt to put some positive pressure on a share price in advance of earnings. If you notice we already had something like that (before Q4) on youtube. Being in SOL shoes I would not done it - the WS people are much smarter and have more crooked mind than SOL management thinks.

I have no idea if poly plant was running in Q1.

They shut it down in early November. They then planned to have it ramped by end of March. With China poly tariffs delay they might have relaxed ramping focus. I think current expectation is that it will be ramped some time during Q2.

Seriously guys, what I am missing here, is the message of SOL company which says, phase 2 is SUCCESSFULLY ramped up and it is running on 100% without problems. This is a very dangerous thing, and not so easy to produce poly. Look at YGE for example. I remember a few years ago with LDK when they finally were producing without problems they told this to public!!! Why shouldn`t they? But end of last year I was waiting daily for the message of SOL that they succesfully ramped up without problems. Nothing happend until CC, then they said they didn`t ramp up so fast and they shut down parts for december and told the reasons why, which was smart in my eyes to do so.

I think they maybe don`t run at fully production with poly yet, because they saw poly price going down again, and most of the producers know a litter earlier that they make price cheaper soon, before we know. So maybe they slowed down their plans and buy cheaper on market.

I am glad SOL has their own poly-production. But don`t forget in this situation, they all need money, and most chinese can`t take much more losses before they are bankrupt.

So the horror-szenario for SOL would be when poly goes down to 14.- for example, and they make their own for 20.-, because all competition could (if other costs would be same) maybe don`t lose money at a point, while SOL would loose because polycost would be more than 40% higher.

Normally no big deal, if poly rises after a few month (what I also think). But Li is a very smart guy, I think he keeps risk low, and for this reason with poly going down right now (today 3% again) he will try to get also cheap poly on market. JMO.

What do you think?

When poly plant runs at 100% they produce at $18 and $15 cash cost.

That`s correct Boss, they said that is what costs will probably be, when it is running with 100%. I don`t have any confirmation from SOL yet. Sorry, but did I miss something?

Normally it should be like you say (it`s april already), but what I mean is why don`t SOL make a official statement for everybody???

It would be important to do so, to make shareholders like me don`t get nervious. And why shouldn`t they, shorts would laughing t a o because it would be good news, when you predict, that poly will go a few percent higher again in next month.

Here is your answer. That was April 16 2013.


Dear

The newly combined plant (so no longer phase 1 and 2) is primarily in trial production. But it is up and running.

ReneSola Investor Relations

Q2 2013 was the estimated achievement to get $18 total cost. They have not restarted full production as Ray stated. Mark Osborne from PV-Tech, when he read Ray’s article pointed out that LDK said during CC, they will not start poly program for next six months. Ray said they will do it at end of May. I think that price of poly is a compelling reason why they would wait.