The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
“Arapuá is cash flow positive and we’re bringing it to nameplate capacity – which is our aim for the next 3-5 years,” Brian McMaster, #HMI Chairman.
“Our business is growing at a very rapid rate, servicing customers within a 300km radius.”
Whatever the reason there is a reason to mention it. Can only be good news.
Also think it is good that we havent heard anything concrete about the 200k plans. Think they are sussing out what the demand increase will be in this climate as 200k is clearly not enough. No point doing a big news release about increasing to 200k and then it be revised again.
I will say it again 200k will be nowhere enough!!!!
The news 6 months ago was that they can start selling kn Paraguay. Today's tweet shows they are actually selling which is intrtrdting on 2 levels. One that they have relevant interest in the product from another country and that the process of selling away from the local area is worth the extra costs I.e freight.
Wow
https://twitter.com/harvestminerals/status/1512000638829400066?t=YYzBgjfgiupFiMFSez87oQ&s=19
Does anyone really think that 200k will be enough for 2022. The figures just don't make sense to me. I know there would have been a lot of forward orders in the winter which would have been reflected in the very good Jan and Feb figures but in March? surely that would just be the new 'norm'. We are at 70k already with 9 months left and March had 40k worth of orders.
The figures just don't add up. 130k left for 9 months is 14k a month from here. Does anyone really think that is all they are going to do in the busiest part of the season when we have just been certified as a fertilizer and other fertilizer prices are going mental. Surely they can see that 200k isn't going to be enough.
I am betting on more news about really expanding to the max the license allows ASAP, it should be a priority really in light of current events.
Yes must be. Not even thinking of selling yet although if I was in at 4p I think I would slice. I imagine that is who are selling at the moment.
Just a couple more days to absorb these sells and we will be in a great position to move up again.
No chance 200k is enough, given the below and we are up to 70k already!!!!
Given the historic expectation that approximately 80% of sales are seasonally placed in the second half of the year, the Company is advancing its plans to meet production of 200,000 tonnes.
Think we get another announcement that they are going to have to increase it again to 300k. keep that in your pocket for now.
the problem with giving further information is that it won't look good on the company.
Other companies have increased costs such as fuel etc. Have Harvests costs really gone up with the solar panels providing the power? what if they said they upped there prices by 300% to match the other fertiliser companies when costs haven't risen. that might alienate the customer base. Just a thought why you have to keep some things close to your chest. If I was in charge I would mimic the 'normal' fertiliser costs and take off say 20% and that would be my running price. You would have more orders than you know what to do with then.
the product is very cheap to extract.