Puda Coal Inc (PUDA)

[GorillaGorilla]

Until we get a mine, as other posters have pointed out, it's the gross margins and volumes that matter to PUDA.

For 2008 the gross margin was 13%
2009 Q1 & Q2 the 2009 the gross margins was 8%
2009 Q3 the gross margin was 10% and there was bullish talk on volumes increasing.

I wouldn't be surprised if they did another 19 / 20 cent quarter (ignoring any warrant madness)

So were talking 80 cents a year at this run rate... pretty good. Anyway enough logic... it wants to go down...


rich