GREY:NCNNF - Post by User
Comment by
flamingogoldon Sep 15, 2020 3:18pm
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Post# 31561396
RE:RE:RE:I smell something coming....hope it's good
RE:RE:RE:I smell something coming....hope it's goodThis year is about cash preservation. Back in the Spring they needed to make a critical decision about how much to plant, hence why they have kept that close to their chest to this day. Can you imagine if they were to go all out again with planting 40,000 kgs with no guarantee of a drying license, especially during covid when government was shuttered. This would blow the budget and if failed the company would likely go under.
This is why I personally think Charles deciided to err on the side of caution, go with a guaranteed harvest that could meet current obligations, and if the drying license came through it would be a bonus but for next year's harvest and perhaps utilized over this winter on a third party basis.
If we get big blowout harvest numbers, then wow, it was another gamble but this year it pays off. We shall sooon see. At 16-17 cents a share and no bump on the license news it would appear the market is anticipating a lower harvest. All imo of course.
DSMed77 wrote: Rusty2018 wrote: Still relatively low volume, but it's probably only those of us already invested or some that have NRTH on their watch list.
Once things progress a little more toward the harvest and word spreads a bit this should easily increase re SP.
GLTA
FYI people - I estimate only 40-50% of the whole farm was actually planted so please dont think that they planted 250,000 plants like they said last year. Bonus for this year is the drying license so I am curious to see what the harvest numbers will be.
GL all.