Member Info for gotabesirius

Yes I remember this. It's funny that we are discussing which year $2m will be accounted for in a business worth less than £6m.

The 33k was invoiced in 2022.

So....

Fertilizer demand expected to improve, but given the uncertain market conditions, revised 2023 invoiced sales target from 200,000 tonnes to 120,000 tonnes.

So we should see income from 33k plus hopefully circa 120t. So in effect there's already 60kt invoiced and payed going into 2023 accounts. That's half the amount for 2022 and we're moving into the peek season.

Annual turnover should have been $10.7m with that 33k so that's a nice roll over for 2023 accounts

1m buy through at 3p....

Management has been poor at best buy let's strip this back.

Current valuation £6m

Cash £1.5m year end, likely significantly higher due to 33kt due for payment into early this year. In which case...

Cash £2.5m

No debt.

Business increased cash by well over $1m in 2022 from 117kt sales and (also had circa $1m capex) and sales price in order of AU$70.

Break even price for the business was circa 50ktpa. Is this still the same?

At current valuation it's likely someone comes in and buys it out given domestic drive for fertilizer in Brazil

The $600k travel expenses is mainly for sales reps travelling around Brazil

So there's a $2m credit straight into 2023 accounts. So that's $5m cash in the bank. So they added $3m cash in 2022 on same sales forecast for 2023. Not as bad as it may seem once you drill into numbers. Although I'm still very disappointed and feel mislead

It's crazy isn't it! Company added a significant chunk of cash (circa £50m) in Q2 yet the market marks it down in excess of the 14p divi. Hedging becomes more favourable hereon and likelihood of a move higher in gas especially into Q4. Firepower of circa £400m (post dividend and lively to be nearer £500m by year end. Valuation is pricing in Armageddon which personally I don't see. Time will tell

How when I haven't or don't intend to buy or sell any shares....

The allegations you make are very serious......

What a load of rubbish! I've also spoken to them this morning and nothing of the sort!

What's the usual process now? Think they have 2 months from deadline date to submit accounts to company house before being struck off?

Company has confirmed no dilution. Plus they are looking at exploration/ development assets which can be bought outright when the company currently has a circa $80m cash position!!

More like 270/280 tomorrow given news leaking out from Government

Given there was government officials involved I'd imagine this will be dealt with very swiftly and might improve security longer term. Great opportunity for some cheap shares....

Significant core analysis results announced by Aberdeen Minerals!!!!!!

Also need to remember there's no debt to service and pay down this year in comparison to 2022 accounts....

This company is as cheap as you'll find in the mining sector and they have an excellent operational record. Then there's the mobilisation of the growing cash position. Some low hanging fruit available pre metals move on Green Revolution so I'm looking forward to then growing their reserves/resource base.

If you look at H1 basket price for caml it's on par with H2 last year. Given the company reports twice a year it's important to look at metal prices on a much wider arc than daily movements.

*data not day

Yes, it's at a key pivot and it would take a brave person to be short with non farm payroll tomorrow.... especially given better days out of China following a Covid spike. Outlook for metals is suddenly looking better

Results this month so will get update then

Time for you to obviously move on as you're emotionally attached....

The rest of us will sit and pick up 10% yield whilst waiting for a multi $100m acquisition abroad....