RE: Positive16 Jul 2024 10:48
''It's strange the sales update hasn't been issued, maybe they are trying to distance it from the crappy placement price''
My guess, bfd, is q2 sales will be uninspiring but not bad.. (as in average or at worst poorish but not outright bad, relative to q2's generally previously that is, accepting q2 being a lesser busy quarter than- especially - q3.. or q4 )....
And, as q3 is their key sales quarter, they're waiting for an early in the quarter view to be able to give a better steer on what to anticipate for this q3 overall (and also give us some less vague steer on q4 too even)
More generally, I think this REE exploration play is a decent one here and now, in the circumstances.. It has game changer potential, and, off the back of them feeling able to make this exploration 'investment ' now, I understand it to be reasonable guesstimate by you that the core 'fertilizer ' business here is probably able to tick along without any meaningful capital injection in the second half of this year .. especially as 'fertilizer' sales are very bias to the second half of the calendar year as a rule...