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AGORACOM INTERVIEWS ERIC SPROTT: Eric Discusses UC Resources $1.5M Investment INTO Sprott + Current And Future Silver Path

Message: NEWS

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Re: NEWS

posted on Oct 18, 09 08:14PM

Thanks RXGCA, I agree with you 100%, there as to be some revenues being generated no doubt but more important are there RECURRING REVENUES involved as we speak this would no doubt but us in a possible Q4 profit horizon since it would give us an extra cash flow, more to come on that perpective in my opinion.

It would be truly appreciated from all the users & readers of this forum if they could give there own personal objective insight on the company's Q3 numbers or other subjects in relation to AMS & where they are heading on the short, medium & long term, thank you in advance.

Here are some numbers something for us all to reflect on, they had 5.8 millions in revenues all included for the first 6 months which as already surpassed all of 08 by 421k. Their loss for Q2 was cut by more than half at 1.334 million for Q2-09 from 2.708 millions Q2-08.

Looking at the growth of AMS year over year they have been doubling their revenues the past 3 years & well on their way to attain that again this year. They reached an important milestone in Q2-09 being CASH FLOW POSITIVE which is a very important achievement in an investors perpective point of view plus they raised their CASH ON HAND 776k from 566k end Q1-09 for a total of 2.6 millions in working capital inventory included.

This is an interesting part, their recurring revenues for the first 6 months of 09 come in at 2.057 millions in comparison to 08 at 596k a monumental increase of 245% and this will increase with every passing quarter as more & more units are installed & they start providing a regular revenue stream.

Ps These are my estimate always do your due diligence before investing.....

Their present cost of operations stands at 2.2 millions for Q2-09, if they managed to bring down their inventory, their General Adminitrative cost & their Research & Development, I believe they could have managed to operate at 2.0 million for Q3-09. Also by reducing their inventory their would be a much lesser cost of sales which stood at 452k in Q2-09.

After Q2-09 they had 183 installed units I estimate they had 140 up & running units providing a regular stream of revenues. Since Q3 is a slower quarter on the install front due to the fact that it's the start of flying season for the airlines I estimate they will install 15 units. Having more systems running it will easily alleviate the OTHER REVENUES spector of the equation.

Here's a brief simple projection call for Q3-09 all revenues included reported & unreported at 2.1 millions - 2.0 millions cost of operations - 300k cost of sales we should be close to a small 200k loss which on a per share basis would be at 0,00.

All the best....

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