RE:RE:RE:A Jerry Maguirerudinm wrote: CF call sounded ok to me and actually more like we hitting bottom for now and trades. sideways maybe.. but i am sort of positive from that level on
The turnaround team will need time, probably at least several quarters to start showing results. Q4 will likely be equally disappointing (sales volume down 40 or 50% YoY). We're also likely going to get hit with another debt provision charge in Q4, anther 500K? .Annual interest on their considerable debt is now around $6.7M, which is no joke for a company with ongoing negative net income. They've shored up any near term liquidity concerns but the company's financial situation is not on a strong foundation. Longs must hope that potash and oil markets remain stable and in Verde's favor, while the new management team implements their strategy. In terms of the sp, it's really tough to gauge. I'd expected post Q3 action to take it sub $1 but instead we're just getting this slow bleed. And this consolidatidatory slow bleed action may continue slightly downwards toward this key support shelf in the .90 - 1.10 area. Only really bad unexpected news would likely break that shelf. It seems any good news around carbon monetization has been pushed out and seems unlikely until maybe 2H 24. All imo.