RE:New presentation on websitethanks for the heads up! the new presentation is far more polished than the old one imo.
FWIW I completely disagree with Treetops assessment but varying opinions are what makes a market. And I certainly am not a verde promo person and don't thnk any of the other posters here are either, that's sheer paranoid balderdash imo. Having said that, it's always good to have a resident bear as you get to review your own analysis for holes.
I believe Q3 and Q4 will come on strong as seasonalty should favor a sharp continuation of the trend we saw in Q2. Anecdotal evidence is coming in on their youtube channel that the farmers are pleased with the product and we all knew it would take 1 or 2 grow seasons to see if sgs would get market traction. I believe that is now happening and yes I'll acknowledge that at this time, that is early speculation on my part and only Q3 and Q4 results will show us what's really happening here. But I will say that the idea that sales are not ramping completely conflicts with the recent NR confirming that they are committing capital to 2 additional expansions. That type of aggressiveness does not pair with an assumption of flat or lacklustre current sales imo.
The market has already justifiably re-rated the sp since the Q2 announcement and my guess is that the sp will make a run toward the .90 resistance zone prior to Q3 results. If sales are continuing to ramp and npk looks like they may actually hit their 2019 target things could finally begin to get very interesting with the sp (potentially at least testing the 1.25 resistance zone) but for now, let's just see how the REAL selling season goes which is not at all representative of the Q2 results imo.