President's Club Newsletter July 14thFabrice caught up with Jim Taylor.
Main Points:
Stock is cheap at $8,000,000 verus sales of about $16,000,000.
Trading for 5 to 6 times estimated earnings.
The company is bidding on 2 major contracts, worth about $5 million each.
One has an above average chance to be successful.
Nordex is demonstrating the Buttbuster lines to 4 major mining clients.
Input costs ( such as ammonia nitrate ) are decreasing. Therefore margins are improving.
The B.C. expansion. Well the talk is that the corporation wants to issue more stock to pay for it.
What don't these lunk heads understand about equity financing being the most expensive means to raise cash? Once again they want to sell at below book value.
In my opinion, despite the goofy financing options, which angers me and every other thinking share owner of this company, look for a stronger finish over the last 9 months of this year.
If they would just learn how to communicate with the public. If they just learned how to communicate with the investment houses.
May you all have pleasant dreams, and Good Luck to all.
Bean_&_Dunn