Silver X Mining Corp V.AGX

Earnings to be released before end of August

[michaelstl]

I am expecting this company to make a profit for the first time.  This would be fantastic if they would do this.  Stock looks very cheap.  Their sales have been very good and they should have made a lot of money on their precious metals inventory.



Do your own due diligence prior to making investment decisions.

[tankumo]

Higher gold prices means higher profits. They say their product mark up is about 20%. So at $1500 gold, the markup is $300. At $3000 gold, the markup is $600. Or do I do this wrong?

[michaelstl]

Yes, but remember that is gross profit.  They also have special discount days.   What is really great about this company is that they started in a stagnant precious metals market and then the market had a big rise in value.  Hence, the customers are very happy because the value of their jewelry has gone up appreciably.  When this happens the word spreads and then there are

[tankumo]

I think Q2 will see lower number than Q1 but Q3 and Q4 will look very good. There are people from more than 60 countries buying from them, that is amazing. Do you think they will come up with new products such as 24K gold or platinum watches?