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False. As per news related to $MONI we are in the Gold business.
$MONI Moon Equity Holdings Corp. Details Its Acquisition of Royal Costino LLC and Outlines Next Acquisition of Mining Processing Facility in Peru
Delray Beach, FL, Aug. 02, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Moon Equity Holdings Corp. (OTC symbol MONI) provides details of its recently announced acquisition of Royal Costino LLC. Royal Costino LLC was acquired as our wholly owned subsidiary which has been operational since 2013. Anthony Cappaze has been appointed President of our new Mining Division. Anthony Cappaze is responsible for processing and exporting over 100,000 ounces of gold over the last three years that were sold at an average of $1,500 per ounce.
Royal Costino LLC generated over $28 million in revenues for 10 months between 2019 and 2020 but delayed operations due to Covid. This acquisition completes the first step of the first phase of our two mining acquisitions. Royal Costino LLC is exploring numerous other mining opportunities for future acquisitions.
Royal Costino LLC is in the process of acquiring a mining processing facility existing in the southern district of Peru. This acquisition will significantly enhance revenue generation for Royal Costino LLC going forward. The acquisition is set to close the week of August 9. This mining processing facility is currently operational with licenses and permits to process 50tons per day, the facility currently generates $150 per ton just processing ore. The Royal Costino LLC acquisition will maximize the mining processing facility’s capacity to scale up to process 300 tons of ore per day which equates to approximately $45,000 per day in estimated revenues. The facility’s net expenses are estimated at $550 per day for personnel and operational expenses based on a six-day workweek.
$MONI agreed. Lots of trash info in there.
You must have missed my post so here:
Net Expenses means loss expenses incurred and other underwriting expenses incurred, including expense items that reflect underwriting, including dividends to policyholders but excluding investment income expenses and federal income taxes, all as shown on the Annual Statements for the particular year.
www.lawinsider.com/dictionary/net-expenses
A simple search easily explains what Net Expenses are:
Net Expenses means loss expenses incurred and other underwriting expenses incurred, including expense items that reflect underwriting, including dividends to policyholders but excluding investment income expenses and federal income taxes, all as shown on the Annual Statements for the particular year.
$MONI I don't mind, been quietly scooping. Hope it stays in the .05-.06 range rest of the week so I can continue to add.
$MSTO beautiful!
$MSTO Smart fella :)
#MSTO good volume so far.
$MSTO looking like she is ready to bounce back to .01+ soon.
$MONI Monday! Good Morning!
$AMLH Good morning.
$AMLH she's getting ready to breakout to new highs as the mgmt works on merger negotiations.
$AMLH the volume and accumulation brought me back here :)
Good to see you here Neb!
Like they say, Never assume and when you look for something, make sure your eyes are open :)
Nice day to you.
$MONI Good morning. One has to look to see.
Scroll down more
www.otcmarkets.com/stock/MONI/news
$MONI what do you perceive is next arm?
$MONI acq #1 and looking forward to the next puzzle piece being shown.
$MONI :) Only a complete fool sells this news. Watch the snap back.
$MONI Shake it before you bake it! :)
$MONI easily.
$MONI HUGEEEEEEEEEE!
$MONI I am thinking we get to .40 on the next news release. Consolidate around .20-.25
$MONI roughly 8mill weak hands have left since the delay. Strong hands holding, good luck getting size on the way back in :)
Yes and the gatekeeper is lips sealed (if anyone calls the corporate number)
Going to be explosive here and soon IMHO. Holding strong and for the Long term.
$MONI speaking a foreign concept to the rook.
$MONI Good morning. Impressive close yesterday we can see a very strong move up from here.
Buckle Up!
$MONI let's fly!
$PHBI same here and I know we will be rewarded. It is one of those charts and share structures that can really dance when her song comes on :)
$MONI Alison has executed on all fronts timely and as announced and today qualifies as "early next week" and from what I have seen all brokers have updated MONI shares.
$PHBI a little more patience here and we will be rewarded. Stay strong.
$MONI Good morning.
$MONI yes there are smart holders here and we have ALOT of upside coming imho.
Pay-tience :)
$MONI going to be a big week here.
$MONI Monday! Good morning!
I'm anticipating based on the moves Alison is making and from her background.
$MONI nasdaq uplisting coming soon imho
$MONI Maybe sooner :)