RE: I emailed the company I also asked him if I should buy shares at this level and this was the response:
My role with any investor / client is to provide information whereby an interested party can make an educated investment decision.
Barring providing advice, I can provide the following information on operations
EPS for fiscal year ending Nov 2012 of $0.17
Record revenue in Q1 of $6.6 M – however we did incur additional expenses related to opening new operations and weather issues (too much snow, hazardous road conditions) – with weather improving will not incur these challenges
Transition to Corporate owned aggregate operations
Although Q1 demonstrated a loss, if stripping out non-cash items was profitable and cash flow positive
Still awaiting frac sand permit and rail land package approval – we expect this in Q3
Staff has increased to 60 people
Other key drivers can be pipeline approval (Keystone or LNG) – Keystone should increase activity for oil sands, LNG would increase Duvernay and shale gas projects whereby Athabasca becomes a key supplier of frac sand
Management still owns in excess of 32% of shares outstanding
I feel we are moving in the right direction, and with some more announcements should increase interest level
Dean Stuart
Boardmarker Group
T: 403 517 2270
C: 403 617 7609
E: dean@boardmarker.net
W: www.boardmarker.net
Twitter: @tsxir