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SHMP $8.25 BY 2024!!!
Brookmount Explorations, Inc. Revenue Jumps 256.7% for the Latest Quarter; Net Income Increases 313.2%
6:30 AM ET 7/16/20 | Dow Jones
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2:29 PM ET 7/24/20
Symbol Last % Chg
BMXI
0.40 -46.67%
Real time quote.
Los Angeles, California--(Newsfile Corp. - July 16, 2020) - Brookmount Explorations, Inc. (OTC PINK: BMXI) ("Brookmount"), is pleased to provide this update to shareholders on its operational and financial progress for the quarter ending May 31, 2020.
The Company has filed its 2(nd) quarter financial results which included record quarterly revenue and earnings. Financial Highlights for the quarter ending May 31, 2020 include:
-- Total Assets increased 89.9% to $10,842,000 from $5,708,000 during the
quarter ending May 31, 2019. This is primarily due to an increase in
inventory, property plant and equipment and receivables.
-- Total Liabilities increased 65.6% from $942,000 in the quarter ending May
31, 2019 to $1,559,000. This increase is largely the result of an
increased income taxes payable of $520,000.
-- Revenues increased 256.7% to $2,622,000 from $735,000 during the
comparable quarter in 2019. The Company's performance has benefitted from
consistently strong throughput at its Talawaan facility, in addition to
the continuation of a strong gold price evident over the last 6 months.
-- Gross profit increased 269.7% to $1,782,000 from $482,000 in same quarter
of 2019.
-- Gross profit margin strengthened from 65.6% to 68.0% in the last year.
-- Operating expenses grew slightly from $100,000 for the quarter ending May
31, 2019 to $195,000.
-- Operating margins increased from 52.0% to 60.5% during the last year.
-- Net income increased 313.2% to $1,529,000 or $.0051 earnings per share
compared to $370,000 or $.0017 earnings per share during the same
timeframe in 2019.
-- Net margins increased to 58.3% from 50.3% during the comparable quarter
of 2019.
The Company invested most of the generated cash flow into recently complete upgrades and expansion of its onsite processing facilities including five state-of-the-art, large capacity, floatation tanks, fifteen additional ball mills and new, state of the art, fully lined tailing ponds. Completion of this upgrade has significantly increased the Company's processing capacity at Talawaan.
"We continue to be inspired by our financial results and other achieved milestones during the most recently completed quarter. The significant increase in both our revenue and earnings reflected sharply higher performance at our Talawaan facility, as a recently identified "hot spot" of materially higher ore grades was worked during the last 2 months of the quarter, together with continuing strength in gold prices. We are also close to securing a purchase of additional gold assets in Australia and overall, we expect full year results to be significantly improved when compared to the previous year," stated Brett Morley, CEO.
Brookmount currently conducts its gold mining and processing operations through its Indonesian subsidiary incorporated in Sulawesi Province, Republic of Indonesia, one of Asia most dynamic and rapidly expanding economies with extensive reserves of natural resources and minerals including timber, coal, gold and hydrocarbons. The Company has also established an office in Melbourne, Australia and is actively seeking opportunities in what is one of the world's leading gold producers.
Safe Harbor Statements:
Except for the historical information contained herein, certain of the matters discussed in this communication constitute "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "could," "anticipate," "estimate," "expect," "predict," "project," "future," "potential," "intend," "seek to," "plan," "assume," "believe," "target," "forecast," "goal," "objective," "continue" or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount's common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.
For more information:
Brokers and Analysts
Chesapeake Group
info@chesapeakegp.com
410-825-3930
NICE!
LOOKING GOOD!
NICE!
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LOL... Horrendous down trend ... LOL... LOL.... LOL.... GOOD ONE!
NEXT FRIDAY! PCTL IS THE BEST OTC STOCK THERE IS NOW!
Put in a sell at $1.00 and see what happens!
wrong i was talking about december 2019
Agreed! %100
YES DECEMBER 10TH TO BE EXACT FROM MY FIRST PURCHASE!
I DONT UNDERSTAND WHAT IS FUNNY , MY GAINS ARE UP 500% IN 7 MONTHS!
CORRECT, WE ARE GOLDEN HERE , WE JUST HAVE TO HAVE SOME SELF CONTROL AND PATIENTS, I HAVE BEEN A SHAREHOLDER SENSE DECEMBER , AND HAVE NO PROBLEM WAITING YEARS IF NEED BE.
BEST OFLUCK TO ALL INVESTED HERE WITH PCTL
POOR500
LETS SEE , IN DECEMBER WE WERE AT .004 FEBRUARY WE WERE .01 APRIL .02 NOW .04 , SEE THE TREND ? THERE IS MORE TO THIS STORY THAN TODAY!
REMEMBER THE GOOD OLD DAYS WHEN CORONA WAS JUST A BEER, THATS WHEN ALOT OF US GOT IN PCTL , THIS WILL BE MULTI DOLLARS PER SHARE ONE DAY SOON!
I TOTALY AGREE , SEEMS LIKE THIS MAY BE AN EXCEPTION WITH THESE 25 MILLION SHARES AND THEY WONT BE DUMPED , FINGERS CROSSED!
LOL THATS A GOOD ONE , LIKE PCTL IS A GOOD OTC STOCK, WHEN THE FINS ARE CURRENT ALL THE NONSENSE WILL STOP
YES I SAID IF IN A FEW WEEKS , I DID NOT SAY FOR SURE NOTHING FOR FOUR WEEKS
I RECOMMEND REBUY!
NO THIS IS WHAT I SAID
NOW TELL ME WHERE I SAID 4 WEEKS, I SEE THE WORDS MAY AND IF!
NO , THATS NOT WHAT I SAID , WOW
AND JUST THINK HOW MANY MORE PEOPLE WOULD BUY SHARES IF THE FINANCIALS WERE KEPT CURRENT , I DARE TO SAY IF THEY WERE CURRENT WE WOULD BE TRADING OVER A DIME RIGHT NOW, THIS IS WHY MOST LONGS ARE FRUSTRATED RIGHT NOW , THE FACT THAT THEY SHOULD GROW TRMENDOUSLY ARE THE REASON WE DONT SELL AND MOVE ON!
AGREED %100, I HOPE PCTL WILL BE TRADING DOLLARS IN THE NEAR FUTURE, I AM HOLDING MY CORE POSITION FOR THE LONG HAUL.
BEST OF LUCK TO YOU AND EVERYONE INVESTED HERE WITH PCTL!
POOR 500
Let me guess , next Friday right?
Agreed it is nice , fins out would be nicer , just saying!
Just being honest,it is getting very frustrating hearing a podcast stating one thing then another happens!
Do you think another podcast will help?
No just stating the truth, this will not be good if aug. 15th rolls around and we are three fillings late, we may see the late filing form in a few weeks if the q 2's wont be ready, i don't like this but it is what it is!
Honestly with constant late fillings and podcasts saying one week and it has now been five weeks , .....well zero ,I would wait till I knew the company was current and I would buy then even if I had to pay more. Thats just what I would do , but I already own a crapload!