GREY:MLKKF - Post by User
Post by
godisgr81on Jul 07, 2010 11:08am
509 Views
Post# 17250197
Q1 Results
Q1 ResultsThe one off charge is correct but they may not charge all in Q2 but won't know until accounting settles the results. When all is said i think the results will come in around .01 or .02 and I will be very surprised if it's any more. I'm being more realistic with ML as they have a history of disappointing shareholders. The bigger question is their production and costs for Q2, which I'm more optimistic. If there Revenue comes in line and shows signs of better recoveries than we should at least hold current sp and should be a great foundation for higher valuation. We are range bound until the big boys takes interest in riskier assets. I'm still confident that we will trade between 2.50 - 3.50 this year.
Have patients guys, the bigger money will be realized when Phase 2 is completed in end of Q1 next year.
I'm anticipating NR by weeks end.