Member Info for f15jcm

Note 8 shows an AUD 881k increase in trade receivables yet note 9 shows only a AUD 259k increase. Anyone else explain/agree with that?

Perhaps but he should answer to investors, which he most certainly is not

I was talking about filling it in

I am worried that good money gets thrown after bad at Yanfolila. How much would it cost to close it down? I'm guessing there are environmental remediation costs etc?

I'm afraid a person who has multiple ID's, all used exclusively to post negative comments about companies connected to Brian McMaster can't be considered an honest actor. More than willing to entertain opposing views but not this. Blocked

Why should I take influence from someone whose opinions stated as fact have proved to be erroneous?

The stock markets looks at (or at least should) forward indicators. Few better that orders taken. Unless you start seeing orders getting cancelled in a meaningful way or you are suggesting cash is a concern (we have been told that the cash position is 'robust') it's a pointless argument.

PS: From my observation, anyone on the message boards who refers to the product as 'dust' hasn't got a great track record on price sensitive matters from my experience. I remember when the MAPA certification for remineraliser was being questioned. Now we are talking about a MAPA certified fertiliser :)

The accounts published are 6 months out of date and predate the war, so are largely worthless. We have been guided to expect a sales beat and we know prices are strong which is incredibly bullish. It would have been useful to have known the current cash position but that hasn't been provided in previous updates either. This market is very weak. Tempted to add myself.

Yes, exactly that. It's the document that is raised when an order is taken. The clue is in the name. An invoice is raised when the order is completed. When you order a new car from the factory on a 6 month lead time, do you think it has already been assembled? Of course not, the components probably haven't even been manufactured yet. Exactly the same argument.

The pedants are getting their knickers in a twist. Estate agents put a sold sign on houses when an offer is accepted, not when the keys are handed over. Sales order equals sold but does not equal invoiced. However my understanding is that invoiced effectively means paid as there is a kind of invoice finance facility in use with a Brazilian bank.

Buying patterns have clearly changed

If sales are shown to be gathering pace and margins improving, a takeover bid (successful or not) is surely inevitable at anywhere near this level?

Given the macro factors in play, there would have to have been some spectacular f'ups for the update not to be extremely positive. The rest of my PF is pretty miserable but I have high confidence here. Anyway, not long to wait...

Yes, I was there. An overview of the business and the financials. They did stress the value of offsetting previous losses against tax on future profits. They said they are looking to make further savings on office space. They seem very competent and motivated if not everyone's cup of tea.

Been watching for quite a while and made my first buy this morning. Sounds like the business is about to take off and the valuation isn't unreasonable with cash in the bank and even a little dividend. Looks like a decent entry at this level. Would look to add on weakness if funds allow.

I'm here for long term but worth keeping an eye on what Mosaic (major producer) is doing. Down 20% over last month
https://www.google.com/search?q=mosaic+share+price&oq=mosaic+share+price&aqs=chrome..69i57j0i512l3j0i22i30l6.6601j1j7&sourceid=chrome&ie=UTF-8

Just noticed that HSS is actually up 4% YTD. Our buyback not doing much good :/

Sentiment certainly seems to support what you say but the construction PMI and order books tell a different story. Staying put for the time being.

Banked a 17% gain on my short. Given it is currently up today while the wider market is getting battered suggests that RTN has found some buyers at this level.

Going forward, the cash position is what you need to keep an eye on. If it drops below below £40m you are looking at an equity raise to satisfy debt covenants

What does that mean?

Rather meaningless to the investment case, the stock is significantly undervalued on the Arupua asset alone. To be honest, I'd forgotten about the other fertiliser assets until this morning.