Quest Minerals & Mining Corp
WKN: A0RB98 / ISIN: US74835X4007QUEST MINERALS+MNG (WKN: A0M92C) Produktionsstart?
Form 10-Q - Quarterly report [Sections 13 or 15(d)]
Filing Date
2009-11-23
Accepted
2009-11-23 15:59:17
Documents
10
Period of Report
2009-09-30
Filing Date Changed
2009-11-23
SEC Accession No. 0001144204-09-061474
da muss man ja auf die Kommatas zwei mal hingucken ....
scheint kein Zahlenpreller zu sein :-(
| Source: Quest Minerals & Mining |
Quest Minerals & Mining Stays on Par with Production Results for NovemberGwenco to Report November Coal Revenue of $292,000 on 4,150 Clean Tons of Coal |
PATERSON, N.J., Dec. 3, 2009 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMN9), a Kentucky based operator of energy and mineral related properties, today announced coal revenues of $292,000 for the month of November 2009. Quest's operating subsidiary, Gwenco, Inc., produced and shipped 8,700 gross tons for the month, resulting in sales of 4,150 clean tons of coal. Eugene Chiaramonte, Jr., President of Quest, stated, "We are pleased to report that Gwenco has managed to maintain its production levels for the month of November, despite the many obstacles it encountered over the last few weeks. Nine days straight of an annual Federal electrical inspection, coupled with extra equipment repairs, caused almost two weeks of downtime for the operation. Even with only half a month of production, we were able to match October's results. This means that the company is still on course to produce 20,000 gross tons per month." "If we are able to continue operating without anymore significant delays or mining stoppages, we should closeout the year on a strong note. The company has already more than doubled its revenues from 2008. So we look forward to seeing the final results." About Quest Minerals & Mining Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our w+1mEte at www.questmining.net. Forward-Looking Statements This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission. CONTACT: Quest Minerals & Mining Corp. Eugene Chiaramonte, Jr. 973-684-0035 |
Gwenco to Report December Coal Revenue of $350,000 on Over 5,200 Clean Tons of Coal
PATERSON, N.J., Jan. 21, 2010 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMN9), a Kentucky based operator of energy and mineral related properties, today announced coal revenues of $350,000 for the month of December 2009. For the month, Quest's operating subsidiary, Gwenco, Inc., produced and shipped 11,500 gross tons, resulting in sales of over 5,200 clean tons of coal.
Eugene Chiaramonte, Jr., President of Quest, stated, "We are pleased to report that Gwenco increased its coal sales by approximately 20% from the prior month of November. We shipped 11,500 tons to our buyers during the month, resulting in the sale of over 5,200 clean tons of coal at $67.00 per ton. Our average recovery rate remained relatively constant at 46%, which remains extremely close to our goal of 50% or greater recovery.
"What makes these production results even more impressive is that we achieved these results even though there was a severe power outage in the region which caused a nine day closure during the second half of December," Chiaramonte continued. "We produced 3,500 clean tons during the first half of December alone. Without the power outage, we were on pace to produce over 7,000 clean tons for the month, which would have put us very close to our goal of 10,000 clean tons per month.
"With each month's production, we are making more and more progress towards our initial operational goals. We continue to believe that, if we are able to continue to operate without any significant delays or mining stoppages, we will achieve these goals in this new fiscal year. We also continue to believe that demand for coal, both in the United States and abroad, is rebounding and getting stronger, with U.S. and Asian steel producers continuing to show positive signs."
Quest also stated that it anticipates announcing its complete year end operating results between March 31 and April 15, 2010.
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
CONTACT: Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr.
973-684-0035
Die Kuh ist doch so weit draußen auf dem Eis, die kommt doch nie wieder runter, bevor das Eis geschmolzen ist.
Schade.
danke an relook, er hat da so eine schöne Aufstellung aufbereitet:
Sum
December
coal revenues of $350,000 for the month of December
produced and shipped 11,500 gross tons
sales of 5,200 clean tons of coal
November
coal revenues of $292,000 for the month of November
produced and shipped 8,700 gross tons
sales of 4,150 clean tons of coal
Oktober
coal revenues of $292,000 for the month of October
produced and shipped 11,000 gross tons
sales of 4,350 clean tons of coal
September
coal revenues of $235,000 for the month of September
produced and shipped 10,000 gross tons
sales of 3,500 clean tons of coal
Weiß jemand was zu erwarten ist.?
Vielleicht das Eugen im Lotto gewinnt ;-)
Gruß
und nun?!man man man....
Und mit der neuen WKN auch gleich 0,0001 cent nach oben. Juhu wir werden reich
diese Wertpapier ist nicht mehr aktuell
... bin immer da :-) und natürlich auch noch mit dabei ...