One hundred thousand tonnesassuming year over year ratios, 100 thousand tonnes is possible for the quarter... just a calculated guess
the decline in potash prices has affected the revenue which has been offset by reduced costs, higher output and higher demand ... last know price for K Forte was $35 a tonne due to the decline in KCI prices ... possibly down to $30 a tonne now as Verde offers the product to Brazilian farmers on a KCI equivalent based on potassium content
"The Product price is based on the current Potassium Chloride price."
latest prices have continued to decline even though its been said that demand for KCI remains strong through COVID ... well here is the picture at :
https://www.dtnpf.com/agriculture/web/ag/crops/article/2020/09/30/retail-prices-potash-anhydrous-map
that said, it would be nice to see $100 million in revenue this quarter, a bit of a long shot... they have been winning over more and more Brazilian farmers as they begin to realize that they are getting a much better, cleaner, greener product for the same price as KCL... in the Q2 presentation, cristiano stated that the focus on the local market was to "strengthen the relationship on the more than 600 customers" ...
nevertheless, $60 million to $70 million would be just fine... should that be the case, i just don't see how the stock price can remain at this ridiculously low price
looking forward to the next results... hopefully we get some guidance in this months report
glta!