Member Info for whl2

Well the amount mined seems to have changed bopd, it's now up to 54kt and seems to be going up each year. Oh, and they've tripled their storage facilities and increased the mining area fourfold. Oh, and they've arranged a credit facility scheme to produce a more stable income stream. Yep, nothings changed! Why is the tax man due by the way, thought we didn't make a profit and we have previous losses to use up.

I personally would imagine that potential investors are wary of the company's income stream given that we have $1.86 million in trades and receivables in the final results which may be due later rather than sooner. That and the capital expenditure last year, which surprised many as the plant can now in theory produce 320kt when we were only targeting 75kt in ideal circumstances, would suggest a future fund raising at some point which ordinary shareholders would be excluded from (therebye diluting their holdings further).

Now before anyone bites my head off, this gloomy scenario can be balanced by the increased annual target which looks realistic and the fact that cash from future sales are more secure and will arrive earlier via the new banking venture.
Another solid year of progress and no capital expenditure shpuld see new investors joining us later this year. Just my thoughts.

Ok Thanks for that.

Why is Verde Agritech down 9% today quisad - no RNS or news ?

In theory, they can produce 320 kt per year but that would include 24/7 in the rain season which is unrealistic. Assuming they do 24/7 for the months April to October, half a year, and including the 30kt storage which could be filled in the quiet periods they could realistically produce 200kt. Let's hope that the 80kt target is conservative and that we can reach 100kt this year.

80kt sales could produce $2 million profit. Even on conservative p/e of 10 that makes $20 million dollars. At $1.35 to the £ that translates to £15 million (£22.5 million if using p/e of 15) giving share price 0f 7.5p (or 11p using p/e of 15)

50% increase this year from last year's figures, let's hope that's conservative. Positive news though - at last! Not to sure about more sales staff and hope the directors don't get the greedy bowl out again and reward themselves for our maiden profit.

if only !

Taken from the STATEMENT OF COMPLIANCE WITH THE QCA CORPORATE GOVERNANCE CODE on the company website !

Principle 2: Seek to understand and meet shareholder needs and expectations

"The Board considers that good communication with shareholders, based on the mutual understanding of objectives, is important. In addition to the information included in the Company’s annual and interim reports and required public announcements, there is regular dialogue between the Board and senior management and shareholders including regular presentations to investors, including one-to-one meetings with major shareholders in addition to specific meetings with shareholders relating to major transactions. "

If David Burton is reading this I would welcome the opportunity to contact him to speak with a member of the Board, preferably Brian, as he has offered this opportunity previously.

Quite right jcookec. Contacted St. Brides twice last week but even they've stopped replying now. What evidence do you have that we will hear news by the 10th Feb Targa, or is this another optimistic hunch. We continue to wait Brian.

I think it would have had to be announced in an RNS Targa, so guess still ongoing.

Sorry, just realised you meant the month of June 2021 :(

Why specifically June 21st Slift ? End of year accounts normally come out late March but HMI being HMI you could add another month to that, say late April. Still leaves about seven weeks till your date ?

Don't be so pessimistic John, we haven't had the parsnip results yet ! Onwards.............and onwards..............and onwards

Welcome to the "long suffering HMI shareholders " club Slift !
Think he's focused on Jangada at the moment, up 13% today and now worth £15.5 million, three times the market cap of HMI. You could have bought JAN for 1p last march, now 6.35p so there may be hope yet.

Guess the sales will prove whether it's successful or not

The standard application requires 3.35t whereas the kp fertil requires 9.2 tons. This produces a 7% saving in costs. Surely the extra time spreading the kp fertil and getting it to the crop would more than cancel out that advantage.

Who isn't !

My apologies too TSAE if my post at the weekend caused any offence, it's simply down to frustration. Like yourself, in for the long haul but was expecting greater progress in the four years I've been invested.

Rise in EML share price today is equal to our entire market cap. Boy, can I peck 'em - NOT !