RE:RE:RE:RE:RE:RE:RE:RE:RE:This makes no senseDerthebear wrote: Dont get me wrong Alpha i couldnt care less what platform we are trading on right now.. Just asking how do you manage to get on the tsx ... Thx for your answer
Der, I guess, after years of the company telling me they aren't considering consolidation, I get annoyed when people keep bring it up. Reverse splits are the death of companies that don't have revenues.
Being on the TSX might give us a little more exposure but that's about it. There are no big advantages to it....no guarantees of success...There are several ways to qualify but, trust me, when we have the mineral lease part finished, the two offtakes signed and financing for the trading company....we'll have no problem qualifying. We're about to get all the exposure and publicity we can ever use!
Working with the 7 mtpy at roughly $200 per ton, I get about 1.5 billion dollars. I would expect the commission to be about 5 or 10% (10% would not be unusual) so Encanto would have revenue of roughly 70 to 140 million dollars a year. Given that they are dealing with 2 customers and maybe 6 suppliers, their overhead would be minimal. How much of that revenue would be pure profit? A lot! A company with these numbers guaranteed (and likely to improve) will go over a dollar a share very quickly. So, we'd qualify for a spot on the TSX.....buy a shell company, change the name and Encanto is on the TSX if that's what we want.
Some may think I have too much faith in our management but look at what they've accomplished already. When I write stuff like this, people don't put up a compelling counter opinion....all i get is "it's never been done before", "they can't do it" and other mindless negativity....I get tired of it. It looks like we will have our trading company, 2 very large offtakes, our financing and our mine eventually.
If anyone wants to be negative in the face of all that then they have that right. Personally, I'm going to continue to be positive, support management and continue down the road to being really rich. HAPPY, HAPPY, HAPPY!!