Sorry, nature called.
Very disappointed in his mannerism's. Maybe he's not a people person but he was very snippy with his answers. That being said, he see's them @ 1,500-2,500 tons/day within 30 days. The B/K cleared up within 90 Days. Cedar Pond opening by end of year. And company being profitable by end of the year.
If this can be accomplished we're looking good. Just got a bad vibe for some reason????
11 comments:
He only answered what, 4 questions? And way too vague about BK...
If the 1500-2500 tons/day are true, they should easily pay off their debt, and be making $$ by Q3...it's just a hold your bet and wait game now...
Gotta assume short term too, that we stay below .02 IMO...
I would think so!!!!
I gotta run out quick. Hope we hold .016/.017!!
BRB
My account up a couple grand the then down a couple grand.
Time to redirect attention to my SKF/UYG...let QMNM sort itself out!
My guess:
Simple man with a simple approach. He knows the coal in the ground is valuable, and all he needs to do is dig it out to make money. He gets money to rehab the mines, gets one in production to produce cash flow. Cash stream convinces creditors that they will get their money. Cash stream rehabs second mine. Cash stream (or additional investors) add needed facilities like a wash facility.
The fact that he is hiring a second crew to work the producing mine is a great sign IMO. His business savvy and presentation skills might be a little simple. The vagueness of his response on the BK plan was troubling.
Great summary notnow!!
Thanks guys for all the information
Still holding mine
I'm def. holding.
We should know more after next Mon when we visit the mine...this should be the most telling thing I would suspect...i.e. if there aren't trucks carting away coal we can ask why not? Can we see the delivery receipts for the trucks, etc?
I felt no confidence in his voice. I'm a little bit disappointed, 4 lousy questions? I did not hear anything I didn't know already.
Best thing he mentioned was the growth potential...buying up smaller mining co. in area once they are rolling.
Still, I'm willing to bet most investors want to see BK totally out of the picture first.
One step at a time so you don't trip over your own feet!!
We will def. ask any questions you guys have, so please make a list before the weekend so Joe and I can take it to KY with us...
This might have been my worst performance (daily) in some time...
$hitty trading day...and to top it off I gotta go take a chem test now.
Ugh.
Gold better get in gear soon; I'm way overloaded w/ miners and not buying any more until they turn. Wish Eugene had put something substantial out there to at least boost QMNM a bit so I'd have SOMETHING positive in my account today other than 2 UYG lots...
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