What a CROCK! Beware of COMPLETELY UNPROVEN "mineral resources" whose sole basis is "proximity" (in this case "near" is within 20 MILES!) NO geologic technical reports or competent surveys or anything else have been produced.
The Derbyshire sand and gravel quarry is really a money losing mud pit.
They recorded a Loss from operations for 2013 of ..... ($2,778,115)
and a Loss from operations for 2012 of ...................... ($1,430,566)
That was with people experienced in quarrying running the show. Does anyone rally think it will do better with Alf running the show? { 8^D
No, what they really bought was Revenue, in the form of the stockpile of sand and gravel. They can sell that at a discount, claim "Revenue" and a false high Gross Margin on the already stockpiled sand and gravel. They might then use those figures for at least one more pump, just like they are now trying to pump "nickel mining" and other COMPLETELY UNPROVEN mineral resources.
Good DD IS NOT just reciting the PRs and company handouts and looking for the good. Those things are never hard to find.
Good DD IS finding out what the company and CEO do NOT want you to know.
