Morella Corp Ltd (ALTAF)

[tikotiko]

Yes, that sounds about right. Assuming that sale prices remain steady and that production/shipments keep increasing, we should get close to $100M in revenue for the year or perhaps exceed it. The minimum 40k tons expected for this quarter should give us at least $24M if not more. If we subtract out costs of about 50%, which should decrease as recoveries/ production increase, we should see a preliminary profit of at least $12M for the quarter. However, it is my understanding that we also need to subtract around $7M for financing. This should still leave us a net profit of at least $5M for the quarter. It sure would be nice to reduce or eliminate the loan. I am sure this and the JRO situation are in the the company’s mind and that we will get good news if we remain patient.

As of me, I am fully loaded and don’t plan to buy more, but I have broken this rule before...

Good luck to all 11-13 Alturians here!