Cematrix Corporation V.CVX

Kendricks email july24,23

[kingscorpion]

Hi ( my name) sorry for the delay in responding but my computer is still out of service and I was on a little holiday. Most of what you ask is non public information so I really can’t respond. Of note though, cellular concrete Projects over $20 million are rare and as you know we have landed the only two that I am aware of. ( So CVX landed 100% of the large projects My comment here earlier)

 

I can say that in Winnipeg/Manitoba we are well known by the Ministry of Transportation, the city and all the contractors. We completed a large project there last year and many in the past including the Kenaston Boulevard overpass and we expect to be awarded more in the future.

 

As to ongoing R&D and testing, it always takes years for new products and methods to be adopted even if they are a no brainer and lower in costs as well.

 

But once they do then ………..!!!!!

 

 

[Aarman4]

I keep buying at this price.   It'll be a very nice time after revs and earnings go positive and show growth, and then maacro's turn as well.... Could be very fun next 2 years here!   Cheers

[kingscorpion]

Yes Aarman I am thinking exactly what you are thinking. It seems to have bottomed and is now going  thru consolidation period This is where investors are buying while consolidating. If earning come out better than Q1 then it should mean the company has turned the corner. In the text to Kendricks I tried to find out how many contracts he's bidding for between $20 million and $30 mil He

[LWillingdon]

when you say consolidate are you thinking like 10:1 type thing etc or something different? 

[kingscorpion]

Stock price going sideways or consolidates while we wait for the Q2 results to.come out. Allows the investor to get a position in a security. 

[jsibbick]

Do you think there is much down side if earnings aren't break even or above. Do we see much less than 19?

[kingscorpion]

Download from you tube CVX webinars. The CEO in the last one did say he expects revenues around $10 million and he was upbeat about being profitable this year. Their fix cost for the year is $30 million Everything else above $30 million is profit. All they have to do is just make around $10 million per quarter in order to have positive cash flow and positive EPS. The cement issues has been mostly

[kingscorpion]

Jsibbick if the market corrects most stock may follow suit. Couple of years ago CVX bottomed around .13c and the company has further DERISKED their business since then. Sure I crinch when Howard Group is mentioned They have been in effective in helping the company but CVX has put their bids on projects worth $460 million thus far and should win good portion of it especially the bigger ones where