Next StepsWith the 2021 AGM now in the history books, attention will shift to the 2021 Q1 results which are now also a matter of history (this being July 1st) but have yet to be released (anticipated on August 16, 2021).
I hope we will see a continuation of the increased selling price per tonne realized, increased overall tonnes sold and increased gross margin that was reported in Q1. What we also need to see in Q2 is stronger commitment to cost controls in the Marketing and Distribution expense lines, and especially in the General and Administrative expense categories. It was these costs that reversed the positive year over year improving quarterly bottom line trend in 2021 Q1, resulting in a $192,000 worsening of the loss in that quarter. A better picture in Q2 might convince the market that Q1 2021 was an isolated exception to Verde's otherwise uninterrupted improving bottom line picture.
Stay tuned.