Check out PeaceOut 's last post, has link regarding growing hemp...

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Bayswaterguy

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19/07/18

19:56

Post #: 34460445
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Originally posted by BigDaniel ↑

I was genuinely asking if there was any mention of hemp crops mate, I had a quick look over the report but didn't see anything specific.

I'm glad the government thinks the farmers are doing well however whilst the plant has a reputation for growing easily in the wild I doubt it is to a standard & quality where hemp seed could be succesfully harvested from any of these plants.

We have fantastic farmers in Australia & I think if it was as simple as growing a wild weed we would of had a much larger, succesful harvest.

Certainly not going to argue that the yied from harvest was desirable.

I will defend the companies forcecast of 500 tonne though.

Like the company has said, the forcecast was based on international data & the estimate was based on 20 tonne of seed been sown which it was.

Yes it's assumable that yields may vary from international calculations however I don't believe any one could have predicted the difficulties experienced or the less than desirable results.

Shareholders are asking for forecast & objectives, this was one of the few targets the company could reasonably commit to based on data at hand & it did not work out.

Why should the company have to under promise if based on reasonable logic & statistics available? Would a 400 tonne forcecast have been reasonable to you? Perhaps 200 tonne?

I'm sure management are more dissapointed than anyone.

But thats ok, it's a new crop for many farmers & there will be learning curves.

What's important is that we learn & get on with the job.

Cheers,

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Check out PeaceOut 's last post, has link regarding growing hemp crops, is up to date and very informative. Good work PeaceOut.

QBL Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
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Check out PeaceOut 's last post, has link regarding growing hemp...

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