The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
The company have always said they believe once they get customers on board that the year after and so on that same customer will buy more kp fertil each year. This does make sense to me as farmers try this brand new product and see results for themselves. Unfortunately those results will take a buying cycle or 12 months to see the benefits. Also would tie in with why they have expanded storage before next years sales. Just my opinion but I believe if we can hit 50kt tonnes this year then it’s only onwards and upwards in the future. I follow their Instagram page also and followers seem to be constantly ticking up. I know on the face of it that doesn’t seem relevant at the moment but hopefully it’s some more evidence the product is gaining traction. Just my opinion. May look to top up at this price... £4m mcap!
Thanks dcat. What do you think is fair value at the moment? I think we can all agree we are well undervalued, just wondering your thoughts on where you think we should be now. It doesn’t really matter to me as I’m not looking short term but it would just be interesting to know. Tough to value at the moment I know and is more a matter of opinion. Clearly once we have pea results and we know how the project will be financed we can get a much better idea!
Hi all, been invested here since late 2017, never posted but read frequently. Dcat and Swizz especially your research is second to none so thank you. Topped up just under 500,000 shares today, and holding a fair amount more. Long term holder who is more than happy to hold for the longer term! I don’t think I’ve ever seen a company where so few people own so much. Bodes well I hope!
People on twitter saying the cash burn is high like it’s a huge negative clearly don’t follow the company. The full mining licence was a one off cost of 1 million dollars that won’t have to be paid again and the expansion of the mining and product storage areas is a great positive IMO as the company sees where it is heading mid-long term. I’m underwater in the company too and disappointed with the share price but I’m prepared to hold for a longer term time horizon as I see great potential and have bought and averaged down at these prices too.
Solid update imo. Gives me confidence in the long term viability of the company. Sales price maintained in general and with £2.7m in cash, turning a profit this year in this climate against a £4m mcap I see great value. Nice to see Brian answer a couple of my questions too. Onwards and upwards
1st time poster after watching this board for some time. Sitting on a hefty loss in a similar situation to you whl2. The thing that annoys me most about this company is the shareholder communication after they said it would improve heading into 2020. Trying to look at the bigger picture and not getting too emotional with this share I do believe there is strong future for this company somewhere down the line. One flaw which the company can’t avoid is the time it takes to complete a full growing cycle of these crops. Whilst expectations were certainty ramped up back in 2018 of hitting 400kt sooner rather than later the first year breakeven of 50kt of a new type of fertiliser is impressive I feel. The problem is now the wait to see if we will grow our sales again this year. More communication from the company would definitely be welcome and a more detailed overview of the company as I have seen verde agritech have announced recently. All in all I am disappointed so far and clearly wrong having bought in much higher but I do see a future for this company, the test work of the product gives me confidence of this and we have £2.4m in the bank as of 30th June 2020 with most of planned expansion work having been done I believe. Would be keen to engage in more debate. FT