RE:My view on the financialsTreetop, I'm guessing another small raise will probably be needed in Q1 or Q2 2020 to get them through next year and address the shortfall. I'm also guessing that management will support the placement again and add to their skin in the game.
75% of those liabilities you refer to are related to mine closure provisions.
In terms of the 2.4M receivables, is anyone who knows the farming business able to chime in on this? My thinking is that it's common practice to front the product with a 60 or 90 day payable term.
As to your last paragraph, it's just a whole lot of glass half empty conjecture. Obviously this all comes down to whether farmers prove the product works on their farms and want to make a big change from their bau approach. Trying to tie annual production targets to the whims of old school farmers, who have their tried and true methods, is clearly no easy feat!
The continued growing pains are undeniable and it still remains to be seen if/when verde can grow up and be taken more seriously. I'm holding, admittedly very 'early', in what I still believe to be a growth story with a lot of potential within a 5 to 10 year time horizon. All imo