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I suppose I have two questions…
Firstly, what’s happening in the bank account? Will it go up and are you able to continue without the need to raise funds.
Secondly, should there be a change in government, will it affect the business.
BRL strengthening. This is obviously double edged because labour costs will be increasing however since we are now in profit, ultimately the profit is increasing. The weak BRL helped us when sales were low so this upturn couldn’t be timed any better. Lucky.
Agreed. I would love to see a dividend because the share price will re-rate. That May then open up an opportunity to get out of AIM! However the company is currently a one trick pony so development of limestone would aid diversification and help the investment case. Ultimately Brian has his finger on the right buttons.
Wish that was me topping up in those size trades ?? I never thought I’d be saying this but if the share price drifts I don’t care right now… the business is assured and I’m topping up whenever able. It’s a “this time next year” scenario. If it re-rates in the meantime I’ve enough to be happy. Good luck everyone. There doesn’t seem to be any new information to kick about or any potential risks so there’s no point posting or indeed reading until something changes. Time for a holiday. I’ll check in again in September.
Still selling going on stopping this re rate. Why would anyone sell now? This is only going one way and that’s up…
John,
Sorry you de-risked and sold half your holding. You do of course have a great opportunity to buy it all back and more. I’m not sure what you’re angry at the company for… none of what Brian said in the presentation is new. It’s a very simple game this one. The company tell you what they’re going to do and then they do it… usually ahead of schedule and below budget. Moving forwards, Brian says 320KT per annum and dividends with some limestone bolted on and all without any need for raising funds, so perhaps you should invest based on that and then sit on your hands.
Yep although I imagine that’s extremely sensitive. Each farmer seems to be getting a tailored deal. It’s great that the company can be that flexible. Given the market that’s a huge positive.
I was embarrassed about some of the questions Brian had to answer. There’s obviously some keyboard warriors out there that don’t understand the company or it’s business. It’s testament to Brian that he answered their questions in an open and honest manner. I’m going to continue to top up here whenever I can.
Sorry Chique,
You can listen to it… recorded on the site. Highlights are no fund raising or dilution, cash in the bank up, price per ton has been raised three times, q3 looking very strong and money to be returned to shareholders in dividend. Also, limestone will be instant oven ready business with similar margins.