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Dennis Gartman- CWB speculative losses

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    #11
    Page 76 Financial Results

    Exceptional?

    I agree... well stated: I take 'Exception' to the manner in which the CWB wasted our money!

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      #12
      Fransisco,

      There was Dispatch... because the CWB PAYS DEMURAGE CREDITS UP FRONT... and plans always to get a credit on the shipping.

      Chaffmeister has explained this before... the shipping companies win (big $$$)... and the CWB figures we are too stupid to know the difference!

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        #13
        Yes they call it 'net' dispatch with a footnote saying demurge was 'significant'. I'd like to know how significant as in give me a number please.

        Also dispatch really isn't a positive number, if they get a shipment out earlier than agreed upon they only get part of the money back. Not sure how much, could be 50%. Bottom line is that it is cheaper but it still costs us something. Nothing like pretending a negitive is a positive.

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          #14
          Parsley,

          The only thing that would get cwb supporters excited would be if ever it was announced that the cwb was shutting down and all farmers would have to start thinking and planning for themselves.

          Their most common theme is to let someone else do the work for them, no matter the result.

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            #15
            Renovations?

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              #16
              I though they weren't suppose to have any capital. Isn't that how their incestuious relationship keeps the grain co's and rail lines in buisness.

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                #17
                They certainly didn't get excited about shutting down the barley pool. We've been told for years we need the board so we'd have pooling but so far not a peep out of the die hard pool lovers.

                If even the die hard pool guys don't care it's getting time to pull the pin on the whole shooting match.

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                  #18
                  Renovations! Yes that's it! They are working on getting that $1300 renovations rebate from the Conservative stimulus plan.

                  Comment

                    #19
                    Silver, the only other way to get a rise out of cwb supporters is to take a away their viagra.... or maybe it would not.

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                      #20
                      Fransisco,

                      You had to spend it after Jan 27/09...

                      It does not look like this capital went into the rail cars... where did it go?

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