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This company is a terrible investment if you truly expect to make money in each and every investment. But I think that if it pays off, which I put at under 50%, it will pay off at a rate that will more than compensate for that risk.
I love this company and its future prospects....It should increase in value nicely once they obtain financing for the proposed plant in Aust.
If you like fertilizer companies.. From my orginal blog...... October 10, 2009 – Comments (38) TICKERS: POT , AGU , YONG There are many fools that have high opinions on "Fertilizer companies", and In my opinion there Is a little company that Is still flying under the radar that could be a real sleeper. Some of you that have followed my posts on this company (not very many I presume) might already realize that this could be a multiple bagger. Obviously the well known fertilizer companies sell for a "pretty penny", while this company literally sells for pennies... The company has 100 million In cash and ZERO debt. There are MANY sharp fools on this website,and I have profited using some of their RECS. I hope that this Is a case where I can return the favor IN SPADES....... I recently emailed the company and asked some questions regarding just how much capital that It was going to take to get this operation Into production.... The President of the company was kind enough to email me back,and I will actually talked to him on the phone. I hope that you will stay tuned for some more updates. I am encouraged by our conversation,and the company Is on track to deliver the goods In the coming months and years..... TS
on track to be producing 5MT of phosphate rock in late 2010 putting on 3x gross 2010 earning based on their base case phosphate rock price forecast of $300T. With current prices of $400+ they could well exceed that. Offtake agreement with IFFCO to suppl a minimum 3MT pa derisks the company significantly. Risks are increasing cost pressures for labour and construction material above that budgeted & of course the phosphate price.
They've just hit a big deal with an Indian company for the supply of phosphate for fertilizer. This company is no longer speculative its for real. Buy now before its too late.
Just entered long term contract to supply phosphate to India's largest fertilizer cooperative.
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