sales are the only thing that matters12 Sep 2019 21:02
SO WRONG It is the monetary receipt or income from those sales that matters which is a totally different thing here in Brasil especially in the agriculture biz. Payment is often deferred until the crop is sold and possibly not at all if it is a bad year
Perhaps sieving to obtain a concentrated product ,bagging into 50 kg sacks and appointing and supplying a countrywide distributer could work according to my agronomist as there are now numerous small to medium organic growers throughout the country purchasing that type of product. Yes expensive to implement but what else are they going to do
NO Knowing Brasil it will die a slow death. Bureaucracy, taxes and labour laws will deter any credible international companies It will probably go the same way as Geociclo and get carved up locally. I really hope this outfit can get there act together soon as that is the only hope of getting our investment back
Sure John i will be honest ,my enquiry was purely to establish if they could deliver because in my opinion a product such as KPfertil would appeal more to small time and perhaps organic producers and not the massive soy or coffee boys. For even medium users the idea of having 50 tonnes of dust just dumped is a non starter if only from a wastage and labour point of view. I am certainly not a deramper.....i have been watching and commenting on this stock since it was 16 and going up.At that time i honestly believed it was grossly over valued but as a potential end user i did see a niche market. i reported my thoughts as to the pitfalls but even so when the price dipped to 9.65 i bought in as at that level i thought they could crack it. Regrettably i still hold because the management do not seem to have a clue as to how things work here in Brasil. They showed their naivitivity with the Geociclo fiasco and the numerous hollow statements and twitters demonstrate they have not learnt any lessons to date. I fear they will disappear just like their dust blows in the wind. One thing they should realise is that Brasilians will tell you exactly what they think you want to hear and it seems they are regurgitating this drivel to all of us
You are correct that KPfertil could not be delivered in 50 kg sacks BUT My agronomist concluded that the product was not competitively priced in terms of chemical content no matter what the quantity. This is further borne out by the companies own Heyhoe commenting that they could sieve the product sufficiently to get a more powerful composition .ie in its mined state there is a considerable amount of useless dust
Hong Kong,have you forgotten that almost 1 year ago on 7th Aug 2018 you came up with similar drivel recommending a strong buy when the price was 16.875 If you followed your own advice then you would be up to your ears in another firm of fertilizer
HMI by way of Twitter have publicised all the various exhibitions and trade fairs they have attended Is it not usual after such events that companies announce the sales obtained and the contracts signed but nothing of the sort from HMI...........Concerning????
go back and check all the posts when the optimists were saying that 10p was the bottom which was also tested numerous times and even convinced me to buy in at 9.65 having resisted all the way down from 16p There is something fundamentally wrong with this stock and the lack of published firm sales and more importantly income is the major worry.
Not Bullish but Bull**** review share charts and chat back to the giddy highs of 23p around ,significantly, April fools day 2017 Down ,down,down to add to the woes the period for applying fertiliser in MG is largely over for 2019
PS Internal flights are ridiculous expensive but with a bit of luck will become cheaper now that the government has approved foreign airlines permission to fly in country
BEWARE Here in Brasil sales do not necessarily reflect income It is common to barter , defer payment until crop realised, pay in installments and commonly default Nothing is guaranteed until money is in the bank
I dont know why you are complaining and ****ging me Back on 13th Feb when the price was 14.625 you complained that you had dis invested due to my comments and i recall you called me by a very bad name I think now with the price at 5.7 you should be thanking me for taking my advice I only wish i had not listened to all the deceiptful tweets when i bought in at 9.65 that is why i warn all concerned when HMI issue misleading statements such as they did yesterday