3) CEO holds 28% of shares.. insiders holding 31% of shares
4) Total asset 81 million dollars, total liabilities 41 million dollars.
5) Annual Revenue 128 million dollars REVENUE PER SHARE 3.77 DOLLARS
BOOK VALUE PER SHARE 1.2 DOLLARS
6)Current market cap 7.5 million dollars. Current total equity 40 million dollars.
7) The COMPANY ACQUIRING IRON ORE COMPANY IN CALIFORNIA. 132 million dollars company for 46 million dollars.
Draco Resources engages in the exploration, mining, and trading of iron ore and other mineral resources. Currently, Draco Resources owns exclusive rights of management, operational and distribution and sale of approximately five millions of iron ore fine in the state of Alabama. Draco Resources started its first shipment of a vessel at 55,000 metric tons in March 2014 while it plans to ship out 1 to 3 vessels per month (55,000 metric tons to 165,000 tons per month) for the next four years to complete the sale and shipment of approximately 5 million tons of iron ore fine in Alabama to China. Based on the appraisal value from "Appraisal Report of 5,000,000 Metric Tons of Dry Iron Ore Fine" prepared by Global Valuation, an international commercial real estate appraisal and consulting company, the subject (the "Appraisal 5,000,000 metric tons of dry iron ore fine has a prospective present value FOB Mobile, Alabama, USA as of October 15, 2013 of $132,600,000 Value"). Therefore, the Purchase Price for this acquisition is approximately 38.93% of the Appraisal Value.
****************************************************************** AMCO's book value with Draco 5.10 DOLLARS! add 132 million dollars Draco asset to 81 million dollars current asset.. minus 41 million total liabilities. total 213 million dollars asset minus 41 million dollars total liabilities= 172 million dollars
172 million dollars/ 33.7 million outstanding shares = 5.10 dollars book value
8) AMCO distribution agreement with Chinese the largest state-owned enterprise TEWOO
Armco Metals Holdings Inc., a distributor of imported metal ores and a steel recycler in China, recently announced that its Armco (Lianyungang) Renewable Metals, Inc. subsidiary has entered into a steel scrap distribution agreement with TEWOO Metals International Trade Co. Ltd., the largest state-owned enterprise in Tianjin that engages in... - See more at: http://www.oreteam.com/new-article/armco-metals-enters-scrap-agreement-tewoo-metals#sthash.NVwG8r8J.dpuf
9) Armco Metals Holdings, Inc. Receives $15 Million Credit Approval From a Chinese Commercial Bank
10) AMCO was trading at 10 dollars in 2010. Check Recent news. A lot of new developments..
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.