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Have seen the above then had a look at HMI my thought is this will need a discounted raise in the near future.
Is that a correct assumption?
Https://total-market-solutions.com/2023/12/10-companies-to-follow-in-2024/
Hey stop laughing at Barlow he's praying for a miracle ..
Hi , I missed you, how's it swinging now for HMI?
When are your fellow rampers , Burton and Trading4 going to show up.
I'm afraid it's a lost cause now.
If I was you I wouldn't review your previous posts , spare your embarrassment.
Don't make a bigger fool of yourself by trying to talk this up again
Verde seems a better bet on cursory inspection, better product that's with exporting though heavy debt is a problem they have high revenue
I reckon something smells here.....Why poor sales figures when Brazil imports fertiliser?.....What are the management up to,when the competition has much bigger transport costs?....Those are my worries with this company.....Very fishy and smelly management in my opinion.....0.5p incoming.....
I reckon it’s a huge opportunity.
Hi folks this is drifting to nothing any news maybe good news Brian?
I said at 3p this would go down gig....Expecting 0.5p....or less....
HMI is performing identically to VERDE which says it wouldn’t have mattered who was at the wheel. It’s the fert sector in Brazil, not Brian.
Brian doing a great job just like Jangada
This guy has cost me a fortune
Do you remember in the film Alien they realise too late that the radio signal from the strange crashed spaceship is not a distress location beacon but rather an AVOID warning beacon? Well invest in HMI and a short time later a big fat australian alien will burst out of your wallet having eaten all of your money up. This sucker could drop another 30% tomorrow!
Once the management is thrown out and the company fully audited then maybe a coherent and honest business might be reborn from the wreckage.
$420k cash as of June 30th with a $2.3m cash outflow during H1. The market is clearly sensing news on financing soon and I would imagine it could be ugly, what with such a low mcap now. Would have expected it already but lots of commentary of reducing costs in the half yea report including this:
' In order to reduce the Company's cash burn rate, the Directors agreed to temporarily pause drawing their remuneration due from the Company during Q2 2023 until such point as the Company is in a better position to pay.'
At just 70000t of orders targeted for 2023 compared with 200000t guidance at the start of the year it's no surprise that times are so tough. One i'm watching though.
Anyone know cash situation of HMI…?
1.9m seems cheap unless there’s hidden debt
Been out for a few years so not fully genned up
A lot of selling lately....It will be on my radar at 0.5p.....It could get there soon....
This share a similar pattern to RRL an oiler , another Australian guy , up to 19p then right back down
Feels like right place but with the wrong company!
https://www.worldfertilizer.com/potash/23112023/global-food-security-hinges-on-domestic-brazil-potash/amp/
Yes
Anyone buying here?....
I am out for the moment, until there is clarity, if that is possible with HMI.
The RNS system is meant to be specific about the financial state of a company, but HMI via RNS, leave more questions almost every time, with their chopping and changing of how they report orders.
Even when they do report a delivered order, it gets reversed, as in last year's accounts, and it was a significant sum.
There were also orders from last year not delivered, again a significant amount, and they have just disappeared.
I suspect I will not buy in here again, but I am watching with interest.
Time to buy back only for 1k for now. GLA
Ask brian
The Midas article stated that the demand was massive. It is producing fertilizer for Brazil,when the country imports at great cost .Why the reluctance to purchase the ferilizer from Brazil?...Why is the revenue so much lower than expected?...And will things improve?....I am looking for good reason to buy in...Thanks..
As allways its down to farmers foresters nurseries ect being informed about the product and being able to buy at a good price if hmi can under cut the compertion and prove the effectiveness of the product then they stand a better chance of sales as they are newcomer to the firtilizer market , they are almost unkown and have only been producing for a short time 2-3 years approx . Theres millions to billions of product just under the serface, i know its a bit of a open vague answer but thats all i can think for the moment....
Anyone buying here?..... I have been looking at a Midas share tip from a few years ago....I was interested at the time,and nearly bought in,as there was good reason to do so....The share is rock bottom at the moment.....If anyone can give me a reason this can turn around,or something to hang my hat on,I may be convinced to buy in....I like the story ,I just need a good enough reason to give the share a chance.... Any reasons why this could come good?
"Something not right about things with this company.." Sounds like most AIM companies and main listed companies.
"Is it going bust?" Well, I suspect it will one day make money for it's owners but I equally suspect we won't be owning it on the AIM, when it does.
I'm thinking here of 'pending financial clarification' or perhaps the usual excuses to delist etc that we've seen happen to many, though placings are popular also if they can get away with them.
"Are the directors to be trusted?.....We will soon find out." 'Soon' sounds a worrying thought, but generally, no directors are to be trusted. If anyone here like myself have been trading/investing on the stock market for the last 20 years you'll know exactly what I mean.
Anyone buying here?