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Joker86

02/04/07 10:43 PM

#9 RE: notorious_johnny_v #6

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).