GREY:SOHFD - Post by User
Post by
Spikearoo1on Feb 11, 2019 9:29pm
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Post# 29350501
TSN Corporate Update today
TSN Corporate Update todayUpdate came out today. Finally. Looks like they have a profit of around $10 million for the 2018 calendar year but would have been as high as 13 mill if not for theft. That sucks but Ralph says that they have fixed the issues and have a good solution to not have this take place in the future.
Looking at Q3 for having T up and running and in commercial production and we should know more about Albion tech end of March to get the PM count up which should be very profitable.
Question for Ralph is what did the company do with the 10 mill profit? Did they use it to pay back Trafugia loans and reduce debt which i suspect that they did.
Ralph also says on his interview (accessed via the press release) that they are expecting Zinc and Lead prices to increase further especially considering that the inventories are at 5 year lows or greater. I'm surprised prices aren't higher now.
Anyhow looking forward to some good news on Albion in March / April.
Cheers all and this could be a great entry point or add to existing position time as the ducks slowly start to line up.
GLTA...Spike...