Member Info for JimBL

BJ - I'm i the same boat and was of the same opinion re: selling.

I have never liked DC despite how some others have strenuously defended it. It's turned into a bigger sh*t show than the failed tributes at the very time company was leading us up the path to expecting at least on target sales in a booming market.

I don't think we'll ever see a Togo license either.

I emailed him a few weeks ago, among other things asking why i) Blaise was appointed 2) where is Blaise? iii) why is Blaise's LinkedIn still saying he works for RT and not us?

I got no reply at all. Seems obvious now why.

Come on, Mark. These events are timed (starting) at exactly the time we raised the £1 million. The company must have been fully aware of problems in the making at that time if not earlier.

Begs the obvious question as to whether this was why we actually raised £1.5 million, surely? Kept in the dark the whole year over this absolute sh*t show.

I haven't had many good thoughts for DC and this has just confirmed all my concerns.

To quote the line from Snatch - "proper f'd".

"For the past 9 months, Keras has been in discussions with our partner about the capital shortfall"
"...operations at the Spanish Fork processing plant have been temporarily halted until this funding issue is resolved"

"Having exhausted all efforts to negotiate an amicable solution, Keras has now engaged local US legal representatives to enforce its rights under the terms of the Transaction. "

"To date, the marketing of Falcon Isle’s phosphate has fallen short of agreed budgets"

As phosphate price booms, we have stopped work, have not achieved already underwhelming targets and are undergoing legal remedies (which in the US can be v costly and lengthy).

Outstanding. Well, if it looks like a dog and smells like a dog...

Nothing golden in that release whatsoever!

Initial suggestion was selling at $290 pt 'to gain market share'. Interims showed however, we achieved an average sale price of $267pt. Initial opex was expected to be $229pt in Yr1. I don't recall any update to that as yet.

It would appear therefore they have not (yet) differentiated specifically by product offerings, merely the average overall sale price. Unless we see a good uplift in that, then the 10,000 tonnes would generate $370,000.

Hopefully, they've achieved better as per the marketing plan. The next figures (interims), probably due in December, will indicate how that is going.

Dig - yeah, but lets not forget how much they have also profited from their KRS holdings through CAI. I reckoned their shares were worth £8 million when we split (@.0.25c) more than double that now of course and more to come.
Dropping Dave a line may not be a bad idea.

Dropped RL an email last week, still not had a reply. Seems fairly typical of the abysmal comms under his watch.

'SGN' size guide number. The Size Guide Number is the diameter of the “average particle” in millimetres (mm) multiplied by 100. The higher the mesh number, the finer the product (i.e. from grains to powder)
Thanks for mentioning that as I seem to have been lead to identifying at least one customer of ours (SureSource Agronomy, Canada). As you can see on their pdf, the product photo is the same as the one used in our presentation.
https://suresourceagronomy.com/wp-content/uploads/2021/02/PhosAgri-info-sheet.pdf
https://suresourceagronomy.com/

You'd presume (hope!) we are doing both but the lack of info, all round, is not inspiring.

Dig - I doubt any agricultural user who needed 1 ton (or more) of product would buy 40 individual bags priced for consumers . They'd want it in bulk and wholesale otherwise it would be entirely uneconomic.

The last interim is where that's from (actually it was $267). I have no idea how organic phosphate is priced, but standard rock phosphate (Morocco, 35% ) was $147.50 pt at the end of September.
Note, standard rock phosphate is generally only guaranteed as having 3% available phosphorous (ours is 14%).

Average selling price so far achieved is $269. And your $800 number is for DAP, not organic rock phosphate. That said, organic is mined, not chemically produced (like Nitrogen based fertiliser), so along with other global manufacturing costs rising due to the energy crisis, hopefully we see a good increase in our own product price which can adapt the existing sales strategy.

Production increase means nothing unless we have the buyers/sales for the product - and our product is not priced at $800 pt, indeed we are discounting it to try and gain market share. And we own 51% of DC not 100%.

Indeed, and I suppose, keeping mind we have over 6 billion shares in circulation!

A selection of available articled on organic fertiliser (replace the xx's in the address with tt). Note though, not all organic has phosphate as the primary nutrient:

Some background reading options:

hxxps://www.ers.usda.gov/data-products/fertilizer-use-and-price/summary-of-findings/

hxxps://www.mordorintelligence.com/industry-reports/north-america-organic-fertilizers-market

hxxps://www.prnewswire.com/news-releases/at-7-92-cagr-organic-fertilizers-market-size-to-hit-15740-9-million-in-2027--says-brandessence-market-research-301341962.html

Yet there's no significant sp movement.

If only. I suspect if positive news leaked on that then we'd be way higher rising by now.

We got the March interim in June, so I'd presume the September one will come in December?

As for the rise, either the phosphate/urea news has people making a move into here (Twitter pump/dump or otherwise), or KRS, notoriously leakier than a string bag when it comes to news, is holding true to form.