Last word.....i promise this time6 Jun 2018 16:33
Before i leave you all i would just like to clarify a few FACTS which have been questioned many times.
You will know from my previous posts that believe it or not i have farms in Parana state, Brazil where i breed and race thoroughbred horses. I add fertiliser to my pasture on an annual basis as recommended by my consultant agronomist Anibal de Moraes. In addition to consulting for MAPA he also lectures around the world. Other than spreading the stuff i dont profess to understand all the science involved and rely on Anibal's recommendations. I am ecologically aware and when i read reports about KPfertil being organic i sent Harvests literature and analysis to Anibal. His response was that i could source " more efficient and lower cost products " for my application.Please note that i would be treating land for grazing only so will not comment on its suitability for other crops. Google led me to this site and Harvests home page and as an occasional investor i researched further. I do not own any of this stock and have decided that i will not be a buyer at the current price.
I have a great deal of experience operating a business here and most of my reluctance derives from this more than the product. Harvest have already experienced and will continue to face a difficult and sometimes hostile business enviroment
At this time Brazil is in a total mess and its future is by no means certain. Past President Lula is in Prison for 12 years the last President Dilma impeached,current President Temer under investigation for corruption and will be charged when he steps down in October. None of the candidates for the October election has more than a 19% approval rating. The real has depreciated by more than 25% in the last few months and there is speculation that it could tank further .A strong dollar will help Harvest considerably as imports will become prohibitively expensive but i am having difficulty in figuring out how a significantly weakened real may or may not effect share prices on the LSE
I will revisit this stock after the elections and i am fully aware that i may miss the boat
I wish you all good luck and hope sensible input like Dr Neil will prevail here rather than the unhelpful comments that are all to frequent