GREY:MLKKF - Post by User
Post by
Zurigoon Apr 01, 2010 5:34am
641 Views
Post# 16947548
FY 2009 on Sedar
FY 2009 on Sedarfinally they managed to publish the numbers, check it out on sedar.com
taken from the MD&A page 10:
EPS in Q4 was 0.00 (1.8M loss),
EBITDA for Q4 was +6.96M compared to +2.0M in Q3
EPS FY 2009 was -0.13
EBITDA FY 2009 was -2.38M
all in all not bad, but not beating expecatations, so I wouldn't expect a pop today, not even with copper just touching 3.60 $/lb today (wow)
anyway, looking at the progress in EBITDA from Q1 - Q4, i'd expect that Q1 2010 numbers could be the fuel for a lift off, but as today is April 1 we'll probably have to wait another 3 months :-(
still holding my shares for the long run
(but it's really hard to, as my CUM shares outperformed ML in the past months, which I really did not expect to happen - and as the met coal market is really hot now (made 300% with CMK in 3 weeks) I was close to pull the trigger and reinvest elsewhere; but then again, keep yourself diversified and in the long run we all be rewarded even with a management that suffers from a lack of disclosure...)
enjoy the long weekend, regards & happy trading
zurigo