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Monday, October 24, 2022 4:09:52 PM
There was also some early due diligence out there that suggested or showed (I forget), that the U.S. government had their hand in this game by owning some important patents that would be the basis for the success of TXTM. That to me was just one green light for the long-term success that I considered.
I never looked further into that as all my trip plays back then were just about holding a bunch of them, expecting most to fail (which most did) and getting lucky on just one or two of them (which this is one).
The other really compelling reason was the "up to 15x bio availability" in the extraction process. That's the real reason I'm still here. So if they're essentially getting a lot more product per acre than their competition, and adding to that the relatively low labor rates in S. Africa, it's going to make it very difficult for any competitors to compete with them on a price basis.
And that leads to the idea of them potentially licensing out their kettles to the their competitors. Sounds logical.
Who knows, a couple of companies are going to become the behemoths in this relatively new industry and TXTM certainly appears to be poised to be one of them.
They have the right tech, smart people running the company, lots of land, excellent growing conditions, exceptional labor costs, etc. I'm just kicking back holding my shares for the long haul.
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