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GLOBAL MINERALS LTD NEW GMFLF



GREY:GMFLF - Post by User

Bullboard Posts
Comment by logical1234on Oct 19, 2005 7:37pm
159 Views
Post# 9736975

RE: reserves

RE: reserves"Gotta have reserves" ... Ideally, that is so. But the company might have to spend $3M to do the drilling -- that is $3M that could go to the profit line = 10 cents per share. Wouldn't it be nice to have 10 cents per share profit showing up on a 6-month financial report? Rather than drilling reserves, the alternative is to show earnings of 5 cents per share per quarter, and that should move the stock. Maybe with a bit drilling to show the number of veins and their grades to show the future prospects. We gotta have production.
Bullboard Posts