Steve, I think the point that Eagles trying to make is that due to competitors, that the profit margin for CPOW might be in the low range. As far as I know and correct me if I am wrong but the profit margins in the Chonquin JV is already set in contract. No need to go over percentages again everyone is already aware of that.
What I see here is future prices are going down! I am no expert on farming or agriculture! I openly admit this but, my guess is that the prices are droping because the supply in increasing exponentialy to try to meet future demand. Which computes to lower input costs for CPOW and geater margin of profit.
Makes sense because, in Canada ther is a government mandate for subsidies for these grains. And so, greater abounts being planted in the ground.
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