"Obtaining the license enables management to further implement our business strategy of achieving excess profit through processing imported scrap metals that we believe could produce higher margin products than those of local scrap metals, and establishing the Company's competitive advantage over other players in the market."
not exactly that your statement is CORRECT.
theere are more than 50% of companies listed in the nasd, amx , nyx and other exchanges not making a profit,just name a few as follows:
aks, ach,nok, nbg,bgmd,stp.ldk and so on and so on...
THE FUTURE OF THAT COMPANY THAT COUNTS, BUT MOST OF ALL, IT IS YOUR CONCEPTIONS THAT MAKES YOU TO TRADE, TO BUY OR TO SHORT.
I completely agree with you...with them turning a profit last quarter this should easily start climbing above a $1. We already know with their cost structure reported in combination with the last big order they received this quarter is going to be even better. I can't wait for mid-FEB when they report. I truly feel sorry for the folks not jumping on board...I can't believe anyone would pass on guaranteed profits.