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I certainly will sell if this ever does get to the 9.65 but you miss one small detail . At that price i will after many years just break even so no profit to buy the chicken. I would also not at that time you and Burton D were very busy ramping the share making all sorts of promises of a multi bagger.
John 4242, the cost of transport to Paraguay was prohibitive and would be even more so now with massive inflation in the transport sector here. Border crossings also problematic at this time.
They still wont deliver to Parana State in Brazil which is much closer to the mine
I too have been bogged down for a while and have resolved to taking a big hit but ny investment is small and ill hang in waiting for a miracle but i do not think this is going to happen in a year.
I am sure when you bought in that there looked like there was the possibility of a multi bagger based on the hype and media at the time.
Shares that soar do this in a very short time frame so i think the idea that there will be any dramatic increase here is long gone.
Just about every other fertilizer company operating in Brazil have shown share price increases over 100 % with Mosaic and the likes 125% +
McMaster and the insiders are either totally incompetent or they have alterior motives which only they will benefit from. There can be no other explanation for the poor performance in the current market.
A quick google of fertilizer cos in Brazil or even Organic fertilizer cos fails to find almost no mentions of HMI
But Verde have a sales team and an aggressive marketing department.
We have approached Verde and HMI in the past requesting info and prices.
we have not purchased from either
BUT we receive regular email and WhatsApp communication from Verde along with a monthly newsletter
Guess what we have received from HMI ..........zilch !
John, it makes me a very frustrated investor.
Making a healthy profit should be a no brainer if the principles focused on targeted marketing and sales of the product.
Dreaming of selling mega tonnes to large volume crop growers will never work with an organic remineralizer particularly in Brazil where the prime motivator is money with next to no regard for the ecology.
Unfortunately this BOD's concentration seems to be on feathering their own nests and holding investors briefs rather than concentrating on marketing , sales , distribution and more importantly generating an income flow
I never said my agronomist thought it was rubbish. What i did say was that there were more economical products with better properties available.
The same holds true today.
As for the China situation i am sure Mosaic and Yara can more than adequately fill any gap.
If you think that "organic" may be a plus for KPF i suggest you just google to discover just how many products there are currently available.
it should not be forgotten that KPF is NOT a fertilizer but simply a remineralizer
You are right,i am bitter at how much hype was made about this stock but more so by the absolute failure for the BOD to implement any cohesive strategy to make money for the shareholders from what fundamentaly was a no brainer .
In my mind they have failed in every way except lining their own pockets. Something that i dont believe has finished yet.
The ridiculous ramp about China export ban by interested associates is just such an example of deceipt.
If the chinese news was relevant then Mosaic shares would have soared but as of now they are down more than 3 % so to think it will effect HMI possibly is in cloud cuckoo land
How desperate to ramp were the last 3 posts.
How can anyone with reasonable intelligence construe that China Suspending exporting of fertilizer will have any effect whatsoever on the Minas Gerais State domestic consumption or purchase of remineralizer.
LOL
I really can't understand where you are coming from.
I also have a moderate interest having been conned into believing that 9.65 was a good price
My reason for posting is purely to make other prospective mugs aware.
I hope you holding was no where near the top but surely you should join me in warning others that this company is not only badly managed but also being bled
i cant believe it was 5 years ago when the share price here was 24 p since that time its been a precipitous ski slope like decline to where we arrive today at 3p
The only thing thats risen is the costs and directors fees and expenses.
this has been treated as a piggy bank by the insiders who continue to devote their time and our money on numerous other projects.
Check BM's directorships
John ,not sure why you keep banging on here. When you first posted in September 2016 HMI share price was 19. Today is hovering around 3.
in a comparable time frame most peer companies have risen by 70%
I dont see much encouragement here for the next 5 years apart from directors renumeration