Replies to post #32403 on ProGreen US Inc. (fka PGUS)

[LBYRD]

Excellent write up MFN! Proud to be a LONG here with you...exciting future ahead thanks to Jan's diligence and aggressive efforts to grow PGUS no doubt about it! Get in while this is @ undervalued PPS $$$PGUS

[Enixenigma]

Great post, as always.

This line from the PR caught my eye:

CONTEL has intentionally chosen to limit this agreement to 40 ha giving the option to diversify production.

Earlier in the PR, it is said that this first tract of land has 60 ha of farmable land. That means they are getting this $330k while only using 2/3 of the farmable land from the first tract. They are intentionally not putting all of their eggs in one basket, which is very smart IMO (keep in mind that the PR also says that this grower wants to increase the scope in the future). It also allows them to show that they are not a one-trick pony, and can grow a variety of crops on the land.

I think we will see some sort of agreement on the other 20ha before long. As CONTEL continues to prepare additional land for farming, we will see further agreements, which means EVEN MORE REVENUE! Should be a fun ride! PGUS