OTCPK:INPCF - Post by User
Post by
WheresMeGoldon Jul 13, 2018 3:05pm
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Post# 28314048
Canola prices continue to fall
Canola prices continue to fallTo reiterate, Input stated numerous times that rising and falling canola prices are both good and bad.
Rising canola prices, Input has stated, increase the value of existing reserves but hurt the generation of new reserves as farmers need less outside capital. Input recently blamed the horrific lack of reserve growth during what should be the two busiest quarters on rising canola prices.
Likewise, falling canola prices decrease the value of existing reserves but help the generating of new reserves as farmers need more outside capital. Therefore, by Input’s stated reasoning the growth of new streams should be taking off as canola prices continue to drop.
I hope this is the case. I certainly don’t want to hear any excuses as they will wear very thin. I don’t want to here farmers already locked in higher prices as they would have just as likely locked in lower prices previously. I don’t want to hear farmers are too busy farming. Farmers are always trying to time the best time to lock in prices. I’m not saying there is no seasonality but the growth in new reserves should be better than the growth the last two quarters, which I believe actually saw reserves shrink.
Please no excuses Doug and Brad. If there’s no growth in reserves this quarter (that won’t even be reported until November) then just tell us that you and your team failed and what you will do to turn it around. It would be great if this is all a mute point as Input is selling many new streams and growing reserves. Time will tell and a high degree of patience is needed and hopefully rewarded in the end.