i guess more rests on the results of the BK hearing than much else. if that goes well (and the market doesn't flood with shares shortly after...which i still doubt it will) then the next prod report should soar.
yeah, i know i might sound like a pumper at this point, but i am trying to view it all critically.
I didn't add any Nate, waiting to see if we get to .005, have a .0065 lot in case it runs back to a cent quickly. Didn't like the financials they had to provide the BK court. If they want a plan approved, they need to be able to show a profit.
It was about 700 tons sold ($70,000) approx, for the MONTH. So maybe 1400 raw tons mined in August. With the amount of interest in the stock, I don't see us going too much lower, but they HAVE to show a profit and show some strong tonnage!!
6 comments:
did you buy any QMNM today?
i guess more rests on the results of the BK hearing than much else. if that goes well (and the market doesn't flood with shares shortly after...which i still doubt it will) then the next prod report should soar.
yeah, i know i might sound like a pumper at this point, but i am trying to view it all critically.
I didn't add any Nate, waiting to see if we get to .005, have a .0065 lot in case it runs back to a cent quickly. Didn't like the financials they had to provide the BK court. If they want a plan approved, they need to be able to show a profit.
That was my concern too. From the #'s it looks like they maybe are getting 300 tons/ month at best...
Kind of a far cry from what they say they're getting...
And they're showing net loss still...
It was about 700 tons sold ($70,000) approx, for the MONTH. So maybe 1400 raw tons mined in August. With the amount of interest in the stock, I don't see us going too much lower, but they HAVE to show a profit and show some strong tonnage!!
They're selling @ ~90/ton right?
I'm just going off revenue/ ton...did I miss somewhere in there it said 700 tons in Aug?
I admit I didn't go over it too closely, just grabbed the most important #'s and divided...
The revenue was in the $70,000's
so it was 700+ tons sold.
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