OTCPK:AUMTF - Post by User
Comment by
HopefulJuanon May 31, 2021 12:37pm
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Post# 33296465
RE:Rock sales or activity???
RE:Rock sales or activity???Tempered expectations with this one. Reality is they would not be in business without the Coffey lake deal and then instead of focusing on that they are busy exploring peat for non disclosed customers and hauling sewage for a first nation. Had a recent news release about a transportation deal but they have no trucks. The sand fiasco is the deal that really sucks and has no visible route to profitability in a reasonable time frame. Not only did they dilute the company by giving shares away for the property they are on the hook for the development costs. Meanwhile the world transitions to EV's. It will be another 5 years before revenue starts coming in and by then this company has a different name. They should stay with the aggregates and as you say "tis the season". Share price sucks, market value goes up due to dilution of shares. Now they will come on the board and say i am a poor investor who is mad at the world.
If you have shares vote these dummies out. Really too late for that though as they keep awarding themselves more shares at insider prices and have control. If you don't have shares wait for .10. It is coming.
jakepilsner69 wrote: Anyone out there do any drive by's or have awareness around pit activity? It's the season, and looking forward to next quarter, but it's pretty silent???