Replies to post #3342 on Raptor Resources Holdings,Inc. (fka RRHI)

[rangerxlt]

This is great! Notice the business reporter mentions Raptor resources holdings which owns Dodge Barite mine!! Can't spin that!!
Raptor Resources revenue rises to US$3m

May 2, 2014 Business


Business Reporter
United States-based Raptor Resources Holdings, which owns Dodge Barite Mine in Shamva, revenue rose 32 percent to $3 million since acquiring another local mine, Derbyshire Quarry in March this year.
In an effort to maintain growth in revenue, the group said it was targeting corporates and improved inventory management as it prepares for increased demand and road construction activity this year.

The company acquired 100 percent stake in the quarry mining company and has capitalised on the growing demand for quarry stones in the country’s road construction industry.

Raptor Resources Holdings is a natural resources company focused on mineral and metal resource acquisition, exploration and development.
In a statement Raptor Resources Holdings said it has managed to record a revenue increase.

“Unaudited financials show a 32 percent revenue increase to $2 952 926 and we hope to improve production efficiencies at the quarry mine,” the company confirmed.

Production products for Derbyshire Quarry include 10mm stones, 20mm stones, quarry dust, crusher run, river sand (washed), pit sand, and decomposed granite.
Derbyshire Stone Quarry is the largest indigenous sand and stone quarry in the Harare area and is located in a prime residential growth zone within close proximity to major road projects. Derbyshire Stone Quarry general manager Mr Garth Heathcote said the company’s business objective was to improve production efficiencies to enhance revenue growth.

[pitboss22]

Actually, they got it completely WRONG. I suspect Alf fast-talked the reporter into printing a LIE!

First off, Raptor Resources has NEVER had ANY revenue! NONE WHATSOEVER!

Alf simply slipped in that Derbyshire increased ITS Revenue by 32% and HID the FACT that the Derbysire's NET LOSS INCREASED BY 94%!

To help better understand this it must be pointed out that Darbyshire Quarry posted a Net Operating LOSS of ($1,430,566) for the year 2012 and a Operating LOSS of ($2,778,115) for the year 2013!

Note that they touted the 32% YoY Revenue increase WITHOUT mentioning the corresponding 94% YoY INCREASE in NET LOSS from Operations! { 8^D

It is a MONEY LOSING MUD PIT that is flooded much of the time. The company has a history of purchasing worthless assets from insiders.

NO PROFIT AT ALL! Looks like SOMEONE got HORNSWOGGLED AGAIN!

I M ROTFLMAO!!!!