RE: RE: RE: Q2 resultsBL Analyst estimated EPS is -
.007
which was revised down after June technical report from
.003 (I am not sure if I remember the figure correctly but it was small positive number).
the main focus will be on the production/sales level and potential customer list. Mitsui has a lot of connection with steel makers in Asia so I expect to see some of those customer on that list. Some comments on the use of proceeds from recent equity financing is much waited as well.
valuation wise, cmk seems to be oversold but lets wait n see what KB says.
From Jennings capital's recent report:
"Use of Proceeds – Management intends to use the financing proceeds to fund the Company’s CAPEX requirements at the New Elk Coal Mine. The major items are equipment ($35.0 million), reinstallation of the railspur ($20.0 million) and additional upgrades to the processing plant ($10.5 million)"
YT