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IRO.V - Inter-Rock Minerals Inc.(Dolomite Supplier)
Inter-Rock Minerals Inc Due Diligence
Based on Financial report and management discussion, ending June 30th 2015 Symbl: IRO.V Price: $0.02 Common Shares: 22,617,811 Insider Holdings: 3,369,000(15%) As per From MD&A: Inter-Rock owns MIN-AD, Inc. ( |
#2
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IRO Q3 Results
Quarterly results ending September 30th 2015
Symbl: IRO.V Price: $0.03 Common Shares: 22,617,811 Insider Holdings: 3,369,000(15%) As per All numbers and sales are in US dollars, leveraging the Canadian company right now. Assets Cash: $106,000 Accounts Receivable: $1,591,000 Inventory: $573,000 Prepaid Expenses: $185,000 Goodwill: $1 Plant & Equipment: $4,799,000 Mineral Properties: $258,00 Total Assets: $7,513,000 Liabilities Accounts Payable: $1,408,000 Line of credit: $1,450,000 Equipment financing: $136,000 Asset Retirement: $102,000 Other Equipment:$241,000 Series A preferred shares: $3,417,000 Total Liabilities: $6,754,000 Sales over 3 months Revenue: $2,845,000 Net income: $33,000USD or $42,000CAD(as of Dec.1) EPS : $0.0014USD Sales over 9 months Revenue: $8,400,000 Net income: $24,000USD Eps: $0.001USD Breakdown below shows that Q1 was a rough start to the year, then management reorganized everything and Q2/Q3 are a new profitable trend for IRO. Q1 |
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