The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Smalleyus, DT
Looks like the moderators finally have acted and done a full ban and deleted his account.
About flipping time
Has Clotty been banned or has he deleted his CarP?
Good Look
Come back clotty!
I quite enjoyed the opportunities he provided, was never short of an intro to make a point.
Please come back clotty?
Good Look
Carefull what you wish for Ibarlow, trading4good the arch ramper loves the sound of his own voice, id not want to encourage the clown to much
Where's Burton,Swingy and Trading4 when they are most needed.
C'mon guys ramp this back to 2.75 so I can get out without lossu
What if there is a hole in the shed?
What if as fast as the workers dig it out of the ground the shed is never full yet the sales figures and cash in the bank are always below par? What might one conclude?
Harvest target for 2023 was to sell 200kt and based on previous buying pattern 20% H1 & 80% H2, then the site storage would need to be full of processed product at the start of H2.
i.e 60kt in the sheds - full.
That is the AU$1.3m - finished goods.
Most of it will still be in the sheds?
Good Look
Inventories have gone from 200k to 1.3 million
Chique - it will be a large pile that was never weighed
when the shed was built they said it would store 30000 tons. It's nearly full so lets say "28000 tons"
but it's just as likely to be 23000.
They have 1.3 million finished goods (at 40 dollars about 28,000 tons) , has anyone read what this means?
Is it ton bags of fertiliser , or fertiliser in a heap?
Seems to be plenty of shares to buy at this price , normally when we were higher you struggled to get over 100k at times
Brian once said he would buy this if he had 9 million, now he needs less than 2 million
Guess optics are better not taking ac salary but taking consultancy fees. The company has paid down a lot of debt so perhaps option to add to it rather than dilute, though it should be at higher v interest, and friend on whether the financiers think theres a future for the company or product, which to be charitable is "dilute" and therefore requires more storage and labour to distribute
Then for once, you'll be right!
Good Look
There is nothing wrong with the sector.
There is nothing wrong with the product.
But there is something very wrong about the management and finances.
It's revenue that matters now, not sales orders, not tonnes invoiced, not tonnes delivered,.....just revenue!
Good Look
Https://finance.yahoo.com/news/brazil-fertilizer-demand-recover-2023-212106381.html
Glimmer of hope for harvest, the fine must turn sooner or later
Not with that PoS running the company but the business a sound one imo if run competently.
Waiting to read the RNS admitting to accounting problems or similar and might bet on the company which buys out the wreckage.
I think someone in harvest may have been a programmer
If total sales orders are greater than x then some sales orders are not delivered AND if sales orders are less than Y then some sales orders invoiced = sales orders invoiced and sales orders paid but not delivered
you get the idea :-)
Good question soon maybe, it could go either way, but I suspect it may be up, but even with that suspicion I am not tempted to come back in. I would rather buy in higher when things are clearer , if that's a possibility with BM and the roaming RNS data
Since april 2022 , I have always been mindful about a quote I saw for 165 BRL per ton, as far as I was aware the price should have been over 200 BRL
Going the same way as BM's other great company jangada.....
no cash. Be interested to see who funds the next raise. I wouldn't touch this stock with a barge pole
I have sold. There is no other explanation for Brian not taking a salary than the company is running out of cash. At best there's a horribly diluting placing on the way, at worst, there isn't.
Yes, the word 'News' doesn't make sense but we all know it should be 'New'.
Included in that sentence is '.....versus budget of 60,000 tonnes.', Harvest have never provided budget figures for invoiced & delivered, just sales orders. That budget of 60,000 tonnes of sales orders is also shown in the review of operations in the same RNS.
Yes, the MD did state that in the IMC interview and they also stated the same in the Q4/FY2022 sales RNS. But I also recall the MD in response to a SH question in the interview saying Harvest BoD had agreed and wouldn't provide figures for 'delivered' in future up-dates? Then along comes the Q1/23 sales update RNS with the highlights:
'Sales orders received total 16,755 tonnes versus budget of 12,000 tonnes'
and
' Sales orders invoiced and delivered total 3,560 tonnes'
I thought you had sold up anyway?
Good Look
Why does it say 'News' rather than 'New'? Typo? 'News' doesn't make sense.
There is no comma between 'sales orders' and 'invoiced', so it is not describing different numbers in aggregate. Furthermore, in a previous IMC interview, Brian said they would only be disclosing invoiced sales in future updates.