Not a bad result indeed but unfortunately slow sales vol in the US is still holding back the overall potential growth.
That said, Brazil is doing nicely, and the debt story is sounding promising... operating cash flow hopefully starting to hum.
I think growth in both US margins and vol is needed to really get the SP moving. Arguably we have one out of two... perhaps another year before the stars fully align.
Still happy holding. I look forward to seeing the volume data in more detail, and specifically how MCP conversions are going.
Trying to determine if this is a further buy time as apart from the improving financials surely the IP alone is worth a bit - any views currently purchased at an average 25 cents. Recognising could be a year or two before reward
The consistent messaging from management over the years is that good times are just on the horizon. That messaging loses credibility over time. I do think there is real value in their IP I just wonder how long it will be before we see the rewards of that value. We’re not seeing it in share price appreciation or dividend stream.
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Originally Posted by ari
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