RE:RE:RE:Acquisition Targetyes company had 1 quarter in its sand mining history where they produced and shipped above the 150000 ton capacity back when liberty oil services bought every last ton of sand, then bottom fell out and liberty cancelled supply agreement.
As of today we are running at about 2/3rd capacity while there is shipping bottleneck with signed supply agreement with major producer in eagleford due to end this calendar year. i would think there would be eagerness to renew agreement for additional term, otherwise that sand supply needs to be shopped around for higher bidder while sand supply is tight.
Somehow the stock price action lately is telling me not to be overly optimistic
Hope the company hasnt missed its golden opportunity to turn this ship into a earnings positive venture