Great Lakes Graphite Inc GLKIF

Great Lakes Graphite Inc is an industrial minerals company focused on bringing carbon properties and products. It focuses on the manufacture, marketing, and sales of graphite products. Its product is categorized in types: graphite and advanced carbon products. Some of its natural flake graphite products are Micronized, High purity micronized, Ultra-high purity micronized, Spherical purified, and Coated spherical purified. The advanced carbon products include ALD-Coated graphite, Graphene, and Carbon composite materials.

GREY:GLKIF - Post by User

Great Lakes Graphite Inc > Negative equity

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Comment by Luckierjackon Jul 03, 2018 8:07pm

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Post# 28264887

RE:RE:RE:RE:RE:RE:RE:Negative equity

I’m not sure how my post was negative as I assume that you are talking about me. I just asked a simple question about how they recover from the huge liability overhang. Can anyone explain how this gets reversed?

For reference purposes, for the most recent quarter, I see no revenue and about a million in overhead. So to get the company to break even, the company would need to generate $1 million in gross margin. At a 30% gross margin, that amounts to about $3 million in sales per quarter. At $2,000 per tonne sales price, that is 1,500 tonnes. Per quarter. To break even.

Over to you. Prove me wrong.

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