Financial results management discussion and analysis , p8. Quarterly results
the annual net income was nearly 2 millions .
And if we check with the trimesters, we can see a nice increase
. The three months ended on sept 30 , 2018 , generated net income of 2 026 334 $.
primarly caused by the increase of the activities of western garden properties .(loans receivabke from associates .
i have the feeling it will continue if you check the details of the loans . It bears nice interest rates
So, they generate nices profit during the construction of the plant phase 1 .
Instead of having a small interest rate like in the past .
Maybe the western garden propertie was a good idea to invest their big amount of money ,
Market cap of 25 millions .
Net income of last trimester :2 millions
off take agreement of all the phase 1 future production
no debt
about 60 millions in cash/loans receivable /investment in associates
and 90 millions invested in the mineral propertie /potash
Chineese bank may finance project
1 of the big investors of the compagny is china blue chimical is in the top 4 potash importer in china (phase 2 and 3 )
i have a good feeling formthe future of this compagny