Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I think investors need to be ultra cautious,as can they really trust the board?....I would say not.....I would be interested with more trustworthy people in charge,but they will continue to dissapoint,and could be hoodwinking investors ,in my opinion. Please look at things very carefully before committing your investment. I feel this will continue its big descent downwards. 0.50p very soon in my honest opinion....
True but Q1 was about the same as 2021 when we finished the year with 85k sales.
So the 70k seems reasonable
Not as good as 2023!
Good Look
Orders in April the same as the first three months of the year combined, that looks like a reasonably successful marketing campaign
Thanks, and I get exactly what you're saying now.
PS; Still, please scratch my ''Generally, the poor ratio of invoiced sales to placed orders has been and seemingly remains a thing generally here, I fully get'' line in my last post below .. I wrote that without doing enough of a back refresh for myself of 23 /24 RNS.. and I now think this sentence of mine is defo. too harsh/kinda wrong.. invoiced sales to order received over the year is generally not a poor ratio .. it's a reasonably good one actually imho..
Yes, 6,173t less 550.47t
Are you referring to placed orders last year that had yet to be invoiced at year end 23 ..and would have hopefully been invoiced thru q1 2024 -or beyond - Smalleyus?
Generally, the poor ratio of invoiced sales to placed orders has been and seemingly remains a thing generally here, I fully get
Yet they fail to mention the outstanding 5,622.53 tonnes.
Good look
The orders received in April is very impressive imho.
Obviously what's invoiced is the key indicator generally though, and the extra actually invoiced in April - on top of q1 invoicing previously notified - is uninspiring.... But my guess now is that that strong orders month in April will see both May and June have decently better invoiced sales numbers ...
Also lets not forget that the second half of year is much busier than the first for orders as a rule
So in the round I could make a pretty good case for this s/p being decently higher than 2p now.
And the tranche I sold recently - in early 2'sp - I bought back just now (in early 2'sp)
(And I was tempted to buy another tranche on top in truth.. but stopped myself because of the history here)
PS: Watch out Black Cat Burton's about :-).. but I see him as right to blow the trumpet here today, in fairness..
Ummmmm…
Looks like #HMI back on track with the fertiliser and the REE could be the huge cherry on top for @harvestminerals 🍒
“…Despite the ongoing tightness in market prospects, there are signs of improvement in the second half of the year…”
https://www.londonstockexchange.com/news-article/HMI/kp-fertil-r-sales-update/16452782
Just topped up there. This is now way undervalued.
GLA
Solid update. Can't see anything to criticise there.
Not so good then!
Good Look
I think many of you here are naive concerning the agricultural and farming business in Brasil.
I have experience ,albeit in ag machinery, with this sector and I will tell you now purchase orders received,goods delivered,invoices raised mean absolutely nothing. The only real measure is invoices paid. Delay and default are common occurrences and legal action to recover bad debts can take years.
That previous poster - who said invoices as close as you'll get to income from sales forward viewing - was smalleyus.. and, his 'quirkiness ' included even, he's very much worth listening too imho .. (he knows an awful lot about this company/sector/region/country etc..)
You might easily be right on us not seeing 1.5p, profs.. but I'm happy to wait and see .. as we just might too.. imho :-)
I don't think we will see 1.50 or 0.7 unless there's bad news on the horizon.
HMI focus seems to be on actually getting paid now and as a previous commentator stated invoice is as close as your going to get.
yesterdays minor rise was due to the sales campaign ending today. Nearly 90k views on instagram kp fertil sales ad video and comments below the video suggest it has been a success.
update soon detailing sales order received and how much has been converted to invoice.
GLA.
While anything can happen in doggy shares like this, I get... I'd still be very surprised if this goes anywhere near .7p thru the remainder of this year, Pedro.
Indeed I'd be surprised if this goes back even close to 1p in remainder of 2024
And while I sold a bit more into yesterdays spike, to now hold a very small position here, I'd be open to adding back if this falls to 1.5p ish .. and indeed open to keeping incrementally adding if further weakness again from there too ..
I do not trust the board. Dodgy is the word. I think this would be worth looking at with better management. I will keep looking,but I think every chance of this going below 0.70p...It seems that many investors are wisely bailing out....Much further to go down,in my opinion.
That could be the silliest spread I have ever seen!
Indeed.. and few would look to buy against such a spread.. ditto sell too maybe... i'll guess ..
And I'll further guess some more traders who bought in in recent rally will throw in the towel in coming weeks... and I'd be tempted to add some back if this goes under 1.50 p soon(ish).... (I see this as a very high risk play still...but believe that, in the round, 24 will be somewhat better than 23 ... and 25 better again
MM upto their usual shenanigans.
Ticking up nicely
Kp fertil Sales ad for april only, viewed 20k times in 4 days.
Might be a rns start of may or mid may detailing more information. There is reasons to be optimistic regarding the company.
Blue open