OTCQX:AGXXF - Post by User
Post by
mountainposeon Oct 31, 2016 1:54pm
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Post# 25406596
A "Brush off" from CFO, i'm going short.
A "Brush off" from CFO, i'm going short.I was told to look at the company reports after sending this question. This type of reply from my long experience is not a good omen. I'm going short with the intention of buying the shares sometime after they release earning. I can't see how they can be good after the comments in the last quarter report. Good Afternoon, I manage a significant pool of funds in the Ottawa area (over 30 years) and have followed and owned AGT for several years. Through my research it has become very evident that your company is much more complex than many investors believe. The pulse market has also developed much more depth as well. As a primary processor you need something to process! It is my understanding that most pulses are in except for Chickpeas in Saskatchewan. Indian prices are at record highs and the government is considering controls. Australia has had a bad year. Russia is coming late to the market with some supply. In view of the above and todays article in Agrimony would I be correct that you will not have sufficient pulses to process, or at least as much as you would like to have? Prices are obviously much higher. I have no idea if this mitigates the low supply (can you charge more for processing?). Extracting information from your last quarters earnings report it would seem to be the case that you really do need supply more than high prices to maximize your profitability. We do not hold any position in the stock at this time, (I found the price had gotten ahead of itself based on the current uncertainty). I am interested in returning to a significant position in the near future. I want to get my sense of balance as to how prices and supply mix in your profitability.