InvestorsHub Logo
Followers 29
Posts 6465
Boards Moderated 0
Alias Born 05/25/2006

Re: notorious_johnny_v post# 6

Sunday, 02/04/2007 10:43:54 PM

Sunday, February 04, 2007 10:43:54 PM

Post# of 9
So from reviewing the 8k, the company saw revenue of 190.5million and net income of 11.5m net in 2005. That would have amounted to 0.35eps as a combined company with Bronze. The last reported quarter September 06 saw 38m in revenue and 2.95m net. As possible signs to come, the merger has also written in 'make good' provisions - min. 18.9m net from 2007 to be met, and then 23.5m for 2008. Those are numbers that far succeed its current share price even at $4, but there is a lot unknown being on the otc, and an apparent current float of only 150k. This has serious potential of a huge move, but I would expect wild swings as was evident Friday. A gambling trade for sure, but the company has huge potential and will be operating at production levels much higher than even CPSL (400000 tons for 2007 for CPSL, vs 1.5 million tons for 2007 for BNZE (Sutor).

Join the InvestorsHub Community

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.