GREY:VRTHF - Post by User
Comment by
Backwardbladeon Nov 23, 2016 10:52am
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Post# 25502027
RE:RE:Monthly Numbers out!....
RE:RE:Monthly Numbers out!....Yes. The plant expansion is the only reason for investing in this company. The fact that they have increased revenues despite a 50% drop in the comercial sector shows the viability of its product line. The hoped for increase in volumes with the plant up and running should add nicely to the bottom line,in the coming quarters. Tornados notwithstanding of course. I am low balling bids here. So I might be part of your problem lol!
Thanks for your analysis. It seems we see different sides of same coin. I'm naturally a pessimist, but I see good things here. One must note that the plant cost 15 million to build. There could come a time where royalty payments will exceed the initial capital outlay over time. While not a reason for investing, and with LP's aggressive sales pitch for PYROTITE, a buyout sometime in the future cannot be ruled out.
BWB