Oidon Company, Ltd. (OIDN)

[RUcrazy]

"their target and confirmed goal is to upgrade all operations with modern equipment and modern technology. Check out any PR." I did. That is why I said small artisan-like operation. That is what these backcountry operations always are without "modern equipment and modern technology". If there was significant production going on why not share production figures to 'increase shareholder value'

from recent PR...
"We understand that our shareholders' concerns revolve around the production and the generation of revenue. We ask that they exercise their continuing patience, as the rewards in the end will outweigh the time it took for MGM Mineral Resources to build the foundations of an ever growing Company." Note: it says they are building the foundations of an ever growing company. Its not built yet, maybe next year it will be, but their properties look pretty promising if the estimations of oz/ton pan out...wonder if they plan on using the small revenues to ramp this baby up to something respectable over the coming 1-2 years. I figure, even if they are producing 12,000 oz per year (a good artisan operation) the company may be worth about $.03-.04 per share at current OS, but they have to show shareholders the money with audited numbers.
The $15 million revenue figure that was thrown out indicates 24,000 oz/yr production. Was that announced as current production somewhere?
note- i have no position yet, just started researching as best as I can. Any comments or corrections appreciated, not trying to make enemies, just obtain knowledge...
IMHO...GLTA...RU