Ann: Ardmore Operations Update, page-10

I like that they simplified the operation updates. Maybe the new company secretary has had an impact.

Also good to see clarification of certain matters and reenforcement of latest guidance.

@Barry81 moisture content was not a surprise to me. It was flagged in the last quarterly, I believe, where they also referenced medium-grade phosphate prices. A lot of people, including myself, believed that it would be premium product from the get go, which in hindsight is unrealistic.

It is moving in the right direction, this time without grandiosity and with less ambiguity.