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JustForFun7

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JustForFun7

Re: researcher59 post# 6352

Tuesday, 03/08/2005 8:33:30 PM

Tuesday, March 08, 2005 8:33:30 PM

Post# of 173772
Researcher: Breakwater

Yes, they were not able to recoognize the shipped concentrate as revevenue because it was not priced. According to their own rules it has to be treated as inventory. As long as it is priced it now there should be an extra 23 million revenue for this quarter ending March 31. If they typically generate 60 million per quarter that almost an extra 40% in revenue for this coming quarter. With the continuing increases in the price of zinc, that should make for an excellnet quarter.

Have fun!

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

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