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

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27/07/20

14:01

Post #: 46094218
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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.

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

Top Stories

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Cyclone signs MOU with Vale for development of Iron Bear play

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Banshee's historic trenches prove rich in antimony and gold for GDM

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