RE: Condenced versionJust to contribute a few other observations, which I consider relevent to Q2, 2009 results for Mercator:
- Useful improvement in cost efficiency(compared to a pro-rata basis) for Freight, Smelting and Refining...
.......... $5.47 million in Q2, 2009 vs. $1.53 million in Q1, 2009
- Anticipated significant increase in Amortization...... $2.57 million in Q2,2009 vs. $0.46 million in Q1, 2009
- Stock based compensation was $2.67 million in Q2,2009 vs. $0.55 million in Q1, 2009
- No Tax Recoveries identified on the cum-Y-T-D Net Loss of (-$15.052 million)....... indicates anticipation, I guess, of counterbalancing profits in H2, 2009
- Changes in financial structure where outstanding shares of Mercator have inceased to 146.624 million on June 30, 2009 vs. 97.409 million on Dec. 31,2008; Warrants outstanding have increased to 24.036 million on June 30,2009 from 6.061 million on Dec. 31, 2008; and Options have increased to 9.428 million (7.362 million exercisable) on June 30,2009 up from 5.999 million on Dec. 31,2008.
Mercator, with revenue gains from the settlement in Q3 for sales recorded in Q2, in addition to current increased commodity prices in Q3 over the averages recorded in Q2, and recovery efficiencies on the rise, Q3 could be in the region of $33 million revenues and associated pos. earnings per share, but the dilution will clearly have an impact,
Peace,
Good Decision-making to All,
ElJ