InvestorsHub Logo
Followers 591
Posts 27744
Boards Moderated 0
Alias Born 06/06/2013

Re: DumpsterDiver post# 20834

Wednesday, 07/06/2016 4:08:24 AM

Wednesday, July 06, 2016 4:08:24 AM

Post# of 24231
Reality is it's already bottomed and on technical reversal. Fundamentals improving as well.

http://finance.yahoo.com/news/comstock-mining-announces-business-104500687.html

Extended continuing revenue from leaching into the fourth quarter of 2016.
•Cost reduction activities for all non-mining costs, based on actions already taken to date, exceed the targeted annual savings of $5.5 million, when comparing the full year 2016, to 2015.
•Annualized savings of these same non-mining costs will exceed $8 million per annum.
•Restructured and reduced equipment financing obligations by approximately $2.5 million.
•Restructuring activities and repayments reduced overall debt and other obligations by over $4 million, including the payoff of the $5 million Revolving Credit Facility.
•Progressed activities for selling non-mining lands, consistent with our target of eliminating all debt obligations over the next twelve months and funding growth.
•Cash and cash equivalents at June 30, 2016, were approximately $750,000.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent LODE News