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I spoke in length to Marc a few weeks ago. In summary, stronger production (i.e. revenue) results will be reflected with moving from testing to production. In addition, he was committed to improved communication, as we are seeing recently with the news releases that have been sent.
As we all know, it will all be in the results. However, I came away from my conversation with him satisfied with his answers and the direction of the company. In my opinion, good things are ahead.
BMIX Update on Monthly Revenues:
BRAZIL MINERALS, INC.’S MONTHLY REVENUES GROW 43% AND ITS LOCAL OPERATIONS ACHIEVE BREAK-EVEN
PASADENA, CA--(September 6, 2017) - Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "Brazil Minerals") announced today that its revenues from operations during the month of August 2017 grew 43% in comparison to those received in July 2017. As a direct result, the Company achieved cash flow break even in its Brazilian operations when accounting for usual and recurrent costs. Furthermore, Brazil Minerals expects additional increases in revenues as other cash streams will likely be available within the next few months.
The current impact of the improvement in cash generation has been a significant decline in need for capital. In the medium term, there is a possibility, although not a guarantee, that the growing revenues will cover the cash needs in both Brazil and the U.S. and therefore the entire Company would achieve break-even on a recurrent cash flow basis. Further assurance regarding this scenario may become possible later in the year.
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTC: BMIX), through various consolidated subsidiaries, has title to mineral rights for gold, diamonds, manganese and sand, including mining concessions for gold and diamonds, the highest level of right to mine in Brazil. Subsidiaries are engaged in the production of gold, diamonds, sand and mortar. More information on BMIX is at www.brazil-minerals.com. Follow us: @BMIXStock.
Safe Harbor Statement
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Brazil Minerals, Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions, geopolitical events and regulatory changes, availability of capital, Brazil Minerals, Inc.’s ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Contact
Marc Fogassa
CEO, Brazil Minerals, Inc.
(213) 590-2500
info@brazil-minerals.com
www.brazil-minerals.com
Follow Us: @BMIXStock
Copyright © 2012-2014 Brazil Minerals, Inc. All rights reserved.
Perfect! You did your due diligence as everyone else should do in making a decision. Thanks for being aligned with me!
Didn't you give your personal opinion? Everyone has the right to give their personal opinion on this site. My message remains the same..."make decisions based on your own due diligence". I haven't denied you your right to give 'gloom and doom' opinions. I wouldn't make a decision based on your opinion or anyone else I don't know. I spoke to Marc, asked him very specific questions, and came away with a decision.
I'm pumping nothing. Make an informed decision based on your own due diligence rather than other people's opinions being the main reason. It's the same thing we all do in picking a college, a house, etc.
Very personal response for someone with no stake or knowledge. All of us 'shareholders' can do our own due diligence without listening to 'noise'
BMIX update:[color=red][/color]
http://www.brazil-minerals.com/wp-content/uploads/2017/08/2017.08.23-BMIX-PR.pdf
Didn't say it isn't good. My point is everyone needs to do their own due diligence in making a decision. Listening to some individuals who have no direct knowledge or stake isn't the avenue to use.
Personal reflection?
You said the Q2 would definitely be late. Wrong. You have no knowledge of this company. Gossipy throw things against the wall
Lol lol. You don't lose unless you sell low
Thank you! Good content and info to come!
Over 1.3 million shares in total. I haven't lost anything because I haven't sold, and have dollar cost averaged down. Thanks for your concern
Exactly!!
If you look at their PR's from Q4 of last year and last week's PR, the message has been consistent about mid '17 showing improved results in production figures and revenue. In my due diligence, I have increased my shares at this good buying opportunity and anticipating good results forthcoming.
Buys vs sells have been incredible over the past couple of weeks
Please share
I bought at $.004 and its up. Should I have sold at $.004? Ahhhh - no. 'Going to fail' is opinion not fact. I am giving my opinion for everyone to do their own due diligence and make their own personal financial decisions. I'm pumping nothing....due diligence, not guaranteed of doom and gloom that you have no inside knowledge of. The quarterly reports will prove you wrong....not opinions
Sell low is bad advice. What happened years ago is irrevelant (good or bad). The quarterly reports will provide the data you want. I work for a billion dollar+ company and we don't disclose financial data until the quarterly's
Well that's very insightful
Sure lol
Literally?
Due diligence is the key!
Do your own due diligence. Opinions change over time
I give no financial advise one way or the other. As in any financial decision that we all make, I'm recommending people do their own due diligence as I did.
Thanks for the info
Not looking for any.
Not saying buy or sell. Everyone as an individual makes their own decision. Individual decisions = informed decisions.
I have the right to state my opinion. I am frustrated on the direction of the stock and decided to go to the source to ask very direct questions and answer my concerns. I decided to hold and add. I'm encouraging others to do their own due diligence to make their own decision. Some may sell,some hold, and some buy. That's an individual choice
People need to make their own informed decisions based on their own due diligence.
Make your own decision as I have for myself.
I don't make decisions based on wild accusations or rhetoric. Personal financial decisions should be made by everyone doing their own due diligence.
I am telling everyone to do their own due diligence to make their own informed decision
Lose only when you sell low. Good investing is to be buying at these low points. Everyone needs to do their own due diligence to make an informed decision
Lot of purchases today and in the past couple of weeks. "No interest" is not true.
Lot of guarantees in there and 'lifetime' opinions for someone who doesn't know Marc or any other investor. It's easy to flame throw and use 'guarantees' when you have no real intel.
No one has provided proof he hasn't. No one should say 'fact that he's lying' unless they can substantiate. That's the problem with news organizations today
Marc was in the Harvard alumni book that was posted the other day. Degrees aren't important, but the source of 'facts' stated over and over are
Didn't you also say many times 'fact that his degrees are made up' and proven wrong? Just confirming the definition of a 'fact'