re: quarterly announcement out
When one looks closer, future does not look promissing: -Sales stagnated while company claimed that all production was sold. - Operating cost increased disproportionally. - Company expected to be profitable by now, it is not there.
If one does rough projections, compay will need about 1500 t/y production to start making nett sustained profit. This will take about 2 years if all expansions proceed. Company is likely to run-out operating capital much sooner, so it will need more operating cash. That is likely to push shares down. And this is a best case scenario.
I have sold my holding.
AAQ Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
