RE:Today’s presentation I felt his handling of certain questions disturbing and unbecoming of a CEO. Beyond the questions on options, there was a question(s) on some large capital expenditures which he dismissed as he felt it as trivial in relation to the overall big picture for the company.
On serveral occaisions he suggested that shareholders can look elsewhere to invest their capital which some are likely to heed his advice.
Looking at the big picture, IMHO it goes back to the first PFS that gave a NAV of $50 USD / share. There are potash price assumptions and tonnage targets for different phases of production ramp up. There will be favourable inupts to raise the NAV of Verde with the higher current price of potash giving the greatest impact. However, I don't get a sense that they are targeting the rate of exponential growth as initially outlined in their PFS.
It's my opinion that they will react to market acceptance of their product and increase tonnage to meet demand. That strategy will work as cash flow will be able to fund production ramp ups. One key risk is market acceptance and it appears farmers were more than incentivised to purchase product in Q2 with a big push from the sales (thus the bonus they received).
Another risk is management: is there trust and integrity, do the Q&A sessions enhance that?