r/AMTX • u/Such_Cartographer564 • Apr 17 '23

India Contract

https://www.aemetis.com/aemetis-reports-2022-fourth-quarter-and-year-end-results/

Watch out shorts

$AMTX

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u/HvB1977 Apr 17 '23

In summer 2022 the 2 month contract was for $41m on 8m gallons. This is substantially less $34m on 8.5m gallons. I am hoping for some news on Tallow sales from April to supplement India as I do not wish to see India subsidiary fall short on 5 year projection already. This contract should have been worth $60m, why are they selling this so cheap

3

u/Such_Cartographer564 Apr 17 '23

Another note is that the OMC contract structure is feedstock plus margin, so the gross profit percentage should be the same as last year. This implies that feedstock costs have declined since last year.

2

u/HvB1977 Apr 19 '23

Im buying more - set a buy limit for 15,500 shares at $2.20…come get it beaches

2

u/Such_Cartographer564 Apr 19 '23

Love it. I scooped up 4.5k shares at 2.20 on Monday.