Suddenly the MD bears all!
Take a look at the Agrocerrado RNS, the selling price was given as Brl$200/t.
The promotional price that Agroc...paid was Brl$150/t.
So when this MD says the selling price is 1234/t? then the next question should be - to who?
The reseller or the farmer?
Good look with todays Q&A.
The new reporting method of invoiced only sales looks like a really great idea!
Reminds me of the Agrocerrado contract, they were 'invoiced only sales', even recorded as revenue in the accounts?
NOBONES.....
Be careful what you wish for?
If Jan do RNS or start pumping that acquisition I'll post some more detail of the adjacent tenement i.e:
The GUIA (trial mining) permit;
The enviro-licence for operation (LO);
The current owner and their business:
and,
The previous tenant and their business.
I would think the play on graphite is in reference to the recent tenement they acquired from Grb Grafite do Brasil Mineração Ltda (not yet RNSd).
The substance stated on the tenement details is 'Nickel Ore', however as I have previously posted the adjacent tenements target substance is 'Quartzite', a rock in which graphite is commonly found.
Valore!
Certainly not going too well for targets Esbarro, Cedro and Curiu.
Luis is peddling hard for a 36 month extension but ANM are wanting more detailed FER and asking if the intend to proceed with the GUIA (trial mining request). That's the GUIA that Jan didn't mention?
60 notice issued today!
All sounds very familiar, just like Jamgamba really
See page 102:
https://www.jusbrasil.com.br/diarios/DOU/2023/01/23/Secao-1
Do you really think Triunfo can do it for less?
https://www.mfrural.com.br/detalhe/362844/calcario-agricola
Just a matter of time and spend on that one?
The extra storage was first mentioned in 'investor meet' July 22 when the MD was asked what is being built?
The reply was it was additional storage though from the answer given it was clear the MD didn't really know much detail.
It was mentioned again in a TMS interview Oct 22 and once again it proved the MD didn't know what was being built but also didn't know (or had forgot) the existing plant layout. In that interview the build was described as storage for product and also raw product.
It was mentioned a third time in the investor meet 'presentation when it was described as additional storage. And yes, the MD got it wrong again! If you look at the Q4/22 presentation you'll also see that describe 2 x 25kt storage? Lol
Can't remember any statement regarding 'needed at the start of the year', but if that was said that's not very clear too.
Is that when it was said or when it was needed?
If it was the latter then I'd ask "...to fill or to empty?"
May be site didn't tell the MD they were building 'something', or simply, no RNS was probably the wiser move! Lol