OLY 5.71% 3.7¢ olympio metals limited

Ann: Quarterly Activities and Cash Flow Report, page-13

  1. 275 Posts.
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    "Way above expectations" --- what expectations the prospectus contained no financial forecasts so this is a meaningless statement or shows the level of "inside" knowledge of a major shareholder, who decides when to release data.

    Based on the prospectus numbers the 2017 Revenues would have been around $2.24m so $2.4 million represents a 7% increase - hardly stellar for a high growth business.

    In addition is we are taking expectations the capital raise in ealry 2016 forecast revenues of $4m in March 2018, that is before buying any services business, so for those investors an outcome of $2.4m is well below expectations.

    Sorry the tweet looks like a man talking very much his book. And as said given that the company never provided any forecasts or projections it is easy to say things like "Way above expectations".
 
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