RE:RE:RE:Verde raises prices again I too have been wondering how much/if any excess production has been retained from Q2 to be available to sell in Q3 in addition to the max 150,000 tonnes that can be produced within Q3. In theory I suppose there could be as much as 56,000 tonnes of supply left over from Q2 if Verde was maxing it's capacity, making a possible maximum sales total for Q3 of just over 200,000 tonnes. This would be a fantastic but somewhat fanciful expectation, but given that only 112,000 tonnes have been sold so far at the half year point, and the company's target for FY is 350,000 tonnes, and Q4 is a weaker quarter, then Q3 does need to be at or around 150,000 to keep Verde on track. If sales were say 160,000 in Q3 then that would still leave 78,000 tonnes needing to be sold in Q4 to hit the annual target. That would be a 35% uplift over Q4 2020, which would be broadly on a par with the YOY growth seen in Q2.
So I would have thought that Q3 sales do need to be c.150,000 or better to hit the annual target and given that targets are usually set to be beaten then hopefully there will be some excess production from Q2 to be used to produce Q3 sales in excess of 150,000.
Roll on November.