LGDI mining worth a look
I mentioned this stock in another thread but I like it enough to post a separate blog. Basically this is an Australian mining stock that is starting up as mainly phosphate rock mining to use as fertilizer. This is basically a 4-5 year hold. The mines are in place. The permits are being issued. The transportation is in line. The company expects to start producing 500,000 tonnes and to expand ultimately to 5 million tonnes. Here is the link to the company's homepage:
Of particular interest is the listing of major stock holders, Soros holdings being one of them. The stock seems locked in at .61 give or take half a penny. A good til cancelled order at .61 should work. Buy it and put it in the vault for a few years. While there might be pricing pressure on fertilizer stocks short term, long term I submit they will outperform since food will always be in demand as the world population continues to grow.