Still on Holidays,come back tomorrow but some quick thoughtsI have not read through the financials yet, one last day by the pool is much more necessary especially seeing the weather forcast that I am supposed to return to!!!!
Market reaction today, expected but crazy. 2200 tons of sales to the end of June is far from terrible. I thought the news release Ray put out was well written, explains the royalties in and that the commissions earned from sales have not been recorded. He could have guided how much they will be but whatever.
Pbay I see is spinning in circles misleading people again, first a royalty not earned on every ton then changing it to commissions....all he had to do is read his own post of the agreemment. You FINALLY got it right though, as I told you six months ago. You stated over and over once the 750K PER MINE is paid back, CNZ still receives 4.50 per ton for the lifecycle of the mine....you were posting ZERO. The royalty is not going to be the big number in the future once sales keep growing,it will be the commission number.
Michael is exactly right Pbay, the 2200 tons would bring gross revenue to APL of 660k for the year end. That is not CNZ revenue, but the revenue number that would be recorded by APL from which CNZearned their royalties.
These numbers reported are 4 months old......end of June......read the news releases, lots has changed since then. Since Q1 2018 is already over kinda wish Ray had guided what the tonnage of sales looked like, but based on what has been reported we all know that number will be higher, how much higher we will wait and see.
Glta, will look at the financials in depth tomorrow or Thursday. To the large shareholder who sold off at .35, hope you needed that tax loss! People panicking on 4 month old numbers that were already known......