AGM excerpts Just listening to the Verde AGM for the first time. CEO cristiano Veloso said we are likely to have 5 fold increase in production now that the new plant is coming on line. Also he said there is "NO CHANCE" they won't beat on already raised revenue guidance next quarter. Ive Never heard of a CEO say no chance of not beating(since the 2000 era) NYSE or Nasdaq listing September. They are sold out until end of August but will have capability to produce 2.8m tons in next 12 months. At current price that is $650m revenue. (Market cap is $330m) . Will keep $30m in bank and either issue dividend or share buyback of $10m this year. He was asked "If Vale SA came to you to buy the company out what price would you consider?" "We wouldn't even consider it. "
Moonie if you were a real short you would have piled on at $11+ and not rode your short to - 45%! I know your just trying to get cheap shares like the rest of us. Come august, $6.50 will be a huge gift. Welcome to the party! I'm part of team buy low ... just like you.