zebbo/swingy29 Dec 2019 13:36
As a farmer in Brasil i have followed this stock and appraised their product over a 2 year period
At 16 p when i first reviewed it and considering the ag business here i thought it grossly overvalued although many ramped it upto 23p.
I watched its steady decline,had discussions with Agracerrado , agronomists and the like and foolishly when it dipped to 9.65 i became an investor thinking they could not make things worse . Boy was i wrong. Things since have been an unmitigated disaster in every way.
Recent discussions between my manager and their sales team have not eased my concerns.
Brasil is effectively closed for business now until after carnival in February so nothing of import gets done or decided.
I was hoping for an upturn so i could get out at my entry level but i think thats a dream.
Who knows ....here is hoping