CL001, Digitech - BWR
What's there to read. The bottomline is they posted 8 cents a share when the analysts were targetting 11 cents a share. And that's only because their copper sales were way up because they delayed recognitiion of any copper sales in the first quarter.
Their zinc concentrate production was down 60% from last year due to mine closures and reduced results from one of their existing mines.
I am selling tomorrow given these results and the way they have handled the release of the quarterly financials. It smacks of incompetence.
On the other hand if you want an alternative, look at INMET which mines mainly copper and zinc. They annouced today after market close. The analyst's call was for 2.14 a share. They made something like 2.74 a share. Tommorrow will be a great day to own their shares. Unfortunately, I picked the wrong horse and I don't own any shares.
Oh well, live and learn.
JFF7
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
