SHMEC Financial Report 30 Aug 06

Financial result August 06

INCOME

• Portfolio dividend: 11, 653, 008.37 isk
• Minerals Sell : 84 ,601, 757.97 isk
• Markets Sell: 121, 647 ,400 isk
• Corporation 10% tax : 22 ,195 ,793.82 isk

TOTAL INCOME: 240 ,097 ,960.16 isk

EXPENDITURES

• Alliance Fee : 2 ,000, 000 isk
• Mineral purchase: 58, 862 ,201 isk
• Office rent: 74 ,000 isk
• Operational Budget Security Division : 23 ,562 ,500 isk
• Sell Tax: 1 ,753, 204.08 isk
• Broker fee: 691, 775.93 isk
• Production Fee: 48, 003.09 isk
• Dividends : 56 ,000 ,000 isk

TOTAL EXPENDITURES : 142 ,991 ,684.10 isk

NET IMCOME : 97 ,106 ,276.06 isk

________________________________________________________________

ASSET

Wallet : 243 ,340 ,086.01 isk

Shares portfolio : 134 ,930, 000 isk

Blueprints : 54, 520, 000 isk

Corp Ships : 101 ,775 ,000 isk

Minerals in stock : 316 ,032 ,452.20 isk

Buy order : 59 ,381 ,973.27 isk

Sell Order : 29, 614 ,061 isk

_______________________________________________________

NEW NET ASSET VALUE ( NAV) : 939 ,593, 572.48 isk

NEW NAV PER SHARE : 46 ,979.68 ( + 43.02%)

_______________________________________________________

Another month is over , for the last 10 days of the month our product hit the market helped us to increase our income, we also got our first covetor and the moon exploration started. we looking forward to be able to built our first POS and get our first Hulk for our Mining Division.

We still planning to go public as by the term of our contract with EMFI. The goal now is to increase our NAV and find a good Moon to install our first POS. as soon all the requirement are reach we will do a first IPO release to help us to gather the isk to built our large mining POS.

Tolmar

SHMEC VCEO and Financial EO

The future of SHMEC

The future, well before talking about the future I need to talk about the past. What can I say, 3 months and half ago a bunch of RL friend since 1990 discover EVE and started to play. About 2 weeks later I stumble on financial market and met EMFI Manager. He probably think the best way to control newbie will be to Venture Them. Anyway I have to say he helped us a lot.


Today, For the present I invite you to read our blog and see how we stand so far. Our skill increase slowly but surely and soon we will be full throttle.

Now the future. The future of the SHMEC look pretty good, we started our moon scanning( yes of course we are a mining corp). Soon the corp will worth 2B and we found a good moon we will launch our IPO. Only 6000 share will be release to the public. The corp have only 20 000 shares 11 000 hold by us, 3000 by EMFI and 6000 will be sell at IPO.

The price of shares will be 1M piece. I can already hear people saying why bother to go public for only 6B. Mainly for 2 reasons: because we want and because was the deal with EMFI. The 6B raised will serve to built our first moon harvester POS and our minerals will probably be sell under contract to AATP. I say probably because nothing confirm yet.

We planning to operate that POS for 3-4 Months and after that built a second one for different type of moon minerals.

In conclusion , I invite you to keep an eye on this blog to see our performance and how well we do.


Tolmar
VCEO and Financial EO of SHMEC

15 Aug 06 dividend

Already time to issue dividend. like I said in the end of July report the dividend are lowered for 2 month to let our NAV increase faster. in a week from here I will be PE 5 and our production will restart. So everything goes well and the dividend for the 15 Aug 06 is 1500 isk per share for a total of 30 millions.

Tolmar
SHMEC VCEO and financial EO