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Nice to see this s/p is warming up somewhat again.... but this doggy/puppy can be volatile.. so nice if it doesn't retrace like it did recently from around such level.. and instead motors on well into the 5 p's this week.. and why not (please) !
More seriously I guess the generally very wide spread here - seemingly, but I expect you can often get prices decently inside the spread to narrow it in reality - is MM's being very cautious re short term traders here, like Mr Gordon Bennett..
And when they narrowed the spread a bit this arbo some sells came in smartly.. My guess is some the new to the board recent ramper posters here, having bought immediately after that latest RNS, were dumping today.. just to move their cash elsewhere; this when the tightened spread made it ok in their minds for them to press the sell button..
Generally, we need buy and hold players coming back in here to give good foundations to this s/p pushing sustainably up.. and so far in 2024 such have been in very - very - thin supply, alas..
(Why? A combination of factors I expect.. Mr Zap has outlined these already.. but the one and only Mr Colin Birds reputation absolutely is a potent one of those imho.. it many not all be justified, but .. etc )
That's one VERY interesting video in fairness, Mr Only1Gibbo.. Thanks for posting ...and roll on the rest of this week !
Perhaps the deliciousness of that pear was spoiled by memories of Mr Colin Bird's Bush Ranger copper porphyries fairy tales coming flooding back, Bob.... And you're mind set worsened again when you lit up your after dinner Cigar.. and you thought I've 'ad enough of the Old Bird... and dumped some just to calm the mood :-)
Was that you dumping punchily into the close CaptainBob ?
Maybe this time Mr Cybertron Sir have tingling feeling in brain and trouser all at once, Mr Doc Sir.. instead of just head or trouser like previously, Sir..
So maybe time to sell house Sir and bet on all matd.l Sir..
or
MAYBE NOT, Sir
Too...
and, in fairness, he has 'decent skin in the game' with : ''23,748,434 Ordinary Shares representing approximately 1.64 per cent.''
It wouldn't surprise me at all if this rallies pretty decently thru Spring/Summer ..
I'd include some positive Ops update RNS'S hopefully/likely incoming here later in Spring too .. helping any such rally become meaningful.
IMHO & DYOR
PS i'm not expecting a raise before the AGM.. So I'll guess a raise sometime in May.. hopefully s/p is walked higher ahead of any such, of course.. and needs good news for that to happen.. so that - pre AGM - Op. Update had better be a good'un, very please
Yo Bro,
Lots of school playground stuff on here for grown adults indeed !
And even school playground kids might be embarrassed by some of the childishness here :-)
It's like a pantomime:
Mr WOS... Mr Professional he behind you.. he behind you ....
But it's entertaining imho
Unsurprising to me that this is rallying decently recently..
Roll on 3p +..
And if/when that transformational RNS drops later this month I expect this to go much higher again.. ( devil would be in the detail of the contract signed .. so I'll not offer how much higher.. but, per last RNS, management have a clear view on where they'd hope to get this s/p too going forward .. even half that is many multiples of where we're currently at .. etc)
Thanks for the feedback Smalleyus..
That's not me selling Friday and today btw..
I still believe things will be progressive - from a mess of a 23 low base granted - here thru 24 and 25 and can still see this s/p going up to 3p area thru 24..
I wouldn't accuse Dani of masquerading
Even the rise in anticipation in the coming week/s might be decent here.. this s/p has been smashed over the years to the extent that going back towards 3p in anticipation would see wsg.l at still under 10m gbp market capitalisation.. so roll on some nice s/p tick ups here next week please !
I don't understand how the invoicing in this business works along side the product delivery ..and so ask you - who understand a lot about many aspects of this business - some questions, please:
How long after/alongside 'fertiliser' - aka 'dust' by you - delivery might HMI, on approx average even, issue an Invoice to the customer for the product delivered?
Also, is it correct for me to assume that HMI don't issue invoices ahead of actual product delivery to the customer, invoicing only ever happens alongside/after delivery
How long, on average, after an invoice has been issued might HMI expect to get paid by the customer? ( I know it could vary... there may be some bad debts too.. hence just a rough on average figure please.. including.. banks etc may lend to customer to allow pay quickly .. or some have cash saved to pay quickly .. or some may be allowed pay after their harvests have been sold etc..? Please elaborate a bit as you see fit )
I understand that some orders may be placed in one for delivery in a future quarter ..as much as for delivery in the quater they're placed in .... and some of those orders may subsequently get cancelled by the customer hence why Orders versus invoiced sales can be plenty different.. what I need to understand better is why invoiced sales can be plenty different to Invoiced and delivered sales
Smalleyus you say:
''The Q1/23 RNS stated 3,560t invoiced and delivered, but they actually invoiced far more than then 3,560t in Q1/23.''
This has me thinking that there are potentially three different target figures that could be in play here:
1) Sales Orders received (which is also referred to as 'Placed Orders' in RNS's previously and probably going forward too)
2) Sales Order Invoiced
3) Sales orders Invoiced and delivered
I apologise for overly simply assuming 2) and 3) to be effectively the same thing in my previous posts.. and not get they are different
I'll also note that Mr McMaster had 'Invoiced sales' as the basis of his targets for 2023
as in: ''invoiced sales guidance of 200,000 tonnes for FY 2023."
But
he's changed to 'placed orders' as the basis of his targets for 2024
as in: ''gives Board confidence to set 2024 sales guidance of 70,000 tonnes of placed orders.''
And we don't know exactly what he's going to feedback us of the above 1) 2) 3) in the Q1 Update.. but we can expect 'placed orders' - as in 1) above - in the Quarter to be fed back on as that's the basis of his 24 targets .. and while we could potentially get 2) Sales Order Invoiced AND 3) Sales orders invoiced and delivered ; I'll offer it's more likely we only get feedback on one of those (and/or we get something else different again .. as Mr McMaster likes moving the goal posts )
Finally, when you say : ''When I stated 'less than 9,000t is disappointing' I'm referring to invoiced only in Q1/24 irrespective of when the orders were placed.''
I do hear what you're saying .. but - per afore - offer there's another angle of complexity too in that you're referring to 'invoiced only' and not 'invoiced and delivered'
.... And I further offer that you may not even get a figure for 'invoiced only' in this upcoming Q1 24 RNS to compare your 'less than 9,000t is disappointing' shout too ?
As you may - just/instead - get 'Sales orders Invoiced and delivered '
(and/ or something else different again even)
Please correct any errors I've made above.. in case I've just confused myself - further- now?
Thanks
Michu
NicetoMichu DrMicho ...
Not relations
And all I've got in response to your below post is Gordon Bennett to Gordon Bennett's modus operandi
Https://www.forbes.com/sites/timtreadgold/2024/04/03/copper-bulls-can-see-a-record-price-of-12000t/
(thanks to Jarv55 on a n other board for this link)
PS: I do get that the target offered by B mcMaster for 24 was placed order only :
''gives Board confidence to set 2024 sales guidance of 70,000 tonnes of placed orders.''
I would have liked there to have been a target for Invoiced sales too .. as that is far more meaningful and we've discovered is generally a -very- meaningfully different - as in LOWER - number than placed orders.
But history shows us that Mr McMaster likes giving himself significant wriggle room.. and is plenty partial to smoke and mirrors too !!
Whl2, I cut and paste from that 18th April last year Q1 update here :
Sales orders received total 16,755 tonnes versus budget of 12,000 tonnes
Sales orders invoiced and delivered total 3,560 tonnes
Both Smalleyus and I are focused on invoiced sales in the trail below .. far more than orders received ..
So it's the 3560 tonnes that I'm saying will be 7000 or 8000 tonnes this year Q1 .. and also what Smalleyus is referring to when he says less than 9000 tonnes would be disappointing....
ie what I'm hoping for is approx. a doubling versus last year for Q1 ..
which I would hope would support a decent s/p rally here off the back
There are sellers and buyers at all levels lbarlow.. if you're a large seller around 2.65p then I understand you could undermine any rally.. but the market cap. here would be so low versus a business that might easily be turning itself decently around in 2024, that I would hope a significant amount of buying would be occurring here in the 2's - and 3's p even - to absorb any any such meaningful selling...
I've taken a 'placeholder' few shares here for first time yesterday.
Rocky Ride mentioned this as one he fancied over on the Save.l board and so I've been glancing in on this BB in March and doing a tiny bit of research here too .. I might do some more decent research into this thru April and might then grow out a semi decent holding here off the back..
Good luck to all fellow axl.l holders !