Ann: Quarterly Business Review & Appendix 4C, page-11

First 11 Last

Share
Profile

Follow
Investie

862 Posts.

203

27/07/20

14:01

Post #: 46094218
Share

Originally posted by Blommer: ↑

Yeah if you believed their minimum quota contracts they would have been making a profit this quarter.

I'm going to have to go through these reports more carefully, but I find reporting that goes to great lengths (word lengths) to point out every single silver lining incredibly difficult to read, so it might take me a couple of days. Sadly, there are very few straight talkers on the ASX. I have a feeling that I will be selling at the end of that read.

Having read the numbers, some questions I will be looking for answers for are:
Why haven't minimum quotas been met? Especially given that
Most large state economies were open for large periods of that quarter?
Were Canadian labs reaching quotas?
What percentage of labs in the wide range of trading conditions were meeting quotas?
Why do the numbers seem to indicate that it was far below 10%?

While I expect good reporting to answer all of the above, another question that I don't expect to be answered is why are they resetting the base for comparison to the month of February, which was already terribly below expectations at the time?

I didn't invest in this company to read a whole lot marketing. There's already an overabundance of rubbish to filter out in our lives.

Expand

The reality is I am sure they could claim force majeure under the current circumstances and min quota's would no longer apply.

OVN Price at posting: 26.5¢ Sentiment: Hold Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

GRX

GreenX picks up prospective copper project in Germany

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

WGX

Westgold sets its sights on top five producer status through merger with Karora

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA