Inca One Gold Corp V.INCA

WTF is wrong with this company?

[EdinColorado]

Seems like executives are penny flipping and holding the price down to about 25 cents U.S. every time the SP rises.

[lscfa]

Fins filed on sedar. Another qtr with a loss. These bozos can't make money.

[RockLobster1]

just looking at the financials on sedar. Revenues growing at 50 percent annually and operating margin increasing but not high yet. Administrative expenses seem fairly stable, so still losing money, last QTR .03 loss., Last 9 month .11 loss If revenues keep growing and keep costs in line , then they start getting profitable and this is very cheap Vs revenue... Like price to sales 0.25 or less

[lscfa]

Unlike true gold co.s, tolling is not great leverage to gold prices because toller get same damn fee for milling the ore whether gold price is high or low.     

[RockLobster1]

fair point, but I expect they get a % margin, so it can rise.  Correct me if anyone knows how it works. Also a bull market will most likely increase amount to be milled. The revenues in their fin stmt.... I assume this is the milling tolling fees, and not the gross value of the gold produced?  If not then yes that is misleading.  I will have to do some math on the production vs

[lscfa]

Although Inca one, Dynacor and others claim to be tollers they are not because they take risk by buying the ore from small miners, milling it and selling the gold. The risk lies in guessitimating the grade of ore in the miners truck load. Dynacor has done a better job at guessing than Inca One because Dynacor makes money and Inca One does not.         

[EdinColorado]

"CEO" salary is way above that expected for a corporation this size. Seems like only the officers get to milk the cash cow." The SP never moves no matter how well the company is doing.  They operate their own small coin mint. I don't know how their coin prices compare with those of larger dealers.