RE:RE:Q1 Update = $971K Net ProfitGreat updates. However, because the endless bashing from the so-called longs here has driving the investors away, I bet nobody (including longs) will buy 0.045 today although the great news. The market is telling longs shut up here......
TheRock077 wrote: This is the 6th consecutive quarter in a row that has been profitable.
Not only profitable, but with operating expenses compressed even further, net margins set a new record
of near 15% in Q1.
Equally impressive, tho not surprising given sustained profitability, book value continues to increase by $1
million per quarter, a metric consistent with the $4 million gain in F2017/18.
This despite the fact that production regressed to the norm in Q1".......the reason should be contained
in the full NR and Sedar.
With Contract milling now underway, spreading the milling costs over greater production volumes, profitability
margins and revenues should accelerate in the coming quarters.
Should this be combined with serendipitous increased gold prices, Abcourt has all the makings of a solid
investment, as it transits towards producing the very rich grades of the SG..