Post by
Gotime2 on Feb 25, 2021 2:13pm
.305
I'm hoping the pressure will be on sellers to hold and buyers will feel FOMO pressure. A clean break out would be a close tomorrow at $.31.
Management has indicated they are happy with first-quarter financials. Anyone care to speculate? I was looking at the financials from the last quarter and between concentrate sales and inventory, they produced $1,175,000 worth of oils. Cost of sales, concentrate was $735,000. That gives me a 38% margin. I believe their actual margins can be much better. I know for a fact their first orders were contaminated with pesticides and they lost many man hours, along with that they have been improving the efficiency of the skid.
I am accustomed to being disappointed, the share price is definitely way behind my expectations and has been for two years. There have been multiple delays etc. etc. You all know the story.
even so I am optimistic about these financials.
I will boldly predict $2.5 million in Production. Cost of good sold (concentrate) should be less than 60%.
The big question is how much of this can they sell in this market and improve their liquidity issues
Comment by
LastoftheFranks on Feb 25, 2021 3:02pm
I have no predictions, just needs. 1. A clear demostration of margins 2. Significant revenue 3. Analyst coverage If they can get those the price will undergo an adjustment, not just a move. I can stomach a reasonable PP at higher stock price/less dillution.
Comment by
Weedmsterbadger on Feb 25, 2021 5:07pm
15,000,000 to 40,000,000 !!!!! ;)