Does that help or hurt AvRamp? I would think it would help but who knows?
Total stockholders equity grew by $400K last qtr. They really held their own without an Avis rollout.
this quarter may actually see break even with the CARB sales. May pick up some on a downturn. Management is overpaid though for what they are producing. They should get paid more in stock and less in cash. They need to preserve cash at this point.
rather than a streaming deal from a producing mine, they did a deal with a mine in about the similar stage as Rock Creek. So rather than dilution, the company gives SLW a % of the metal after permitting and development is completed.
RVM would do well to sign such a deal. I'm sure they are talking
BMW has 5 manufacturing plants worldwide of which, one is in the US. So this is a significant roll out. Nice to see a roll out rather than a pilot. I am sick of pilots.
I did notice that despite the huge surge in card numbers and the discounted special they were offering that the avg card ticket price went up 2c from the previous quarter. So the promo did not drag down pricing. Maybe because people had to join the Collectors Club and pay that fee on top of the submission fees.
GM (they may have been an early VMS customer. not sure if they still are)
this is big news. Adding another auto manufacturer is great. This is probably at least a $500K win with potential for more. Done through a partner so expenses are minimal.
must have been a huge surge of coins submitted at shows. I know the Reverse Proof Buffalo Gold came out in August and there were thousands of submissions of this coin at the August show. Coin ticket prices were up over $2 from previous quarters. Huge margins. Without China expenses, this would have been a 30c quarter.
avg card ticket price was $8.25, about normal despite having discounted specials.
Numbers this quarter will be above last years but I just can't see them avg $20+ for coin submissions.
I see no reason to short this. The quarter was not a disaster. They aren't going out of business.
I also see no reason to jump in either.
I have never seen that before. Were it not for China marketing costs, would have had stellar profits. I can't imagine what the coming March qtr revenue will be. $16M? $17M? profits of 40c?
finally saw the light? It's what I've been saying now for years. And they make gigantic salaries while taking bonuses off the top. Totally sleazy.
I'ce said it before, if you like this sector, switch to CLCT. 8% dividend. goes ex-div on Wed. Growing sales, highly profitable. Fantastic management