Thoughts fro Potash LoverHaven't posted for quite a while....licking my financial wounds would be more accurate.
Last July to mid August icp dropped from the mid 50 cent range down to 27 1/2 cent range.
Potash companies in general are struggling to maintain the value. Large caps for the most
part are paying their shareholders dividends....while the small caps and micro cap like icp are
all struggling to keep their heads above water...too what end.....??? Salaries are being paid as
well as travelling expenses and rents on at least 2 offices/plus office expenses
.
My fear is with the Dow setting new records almost daily now...the bubble will break big-time!
So if that senario happens and the market crashes or retreats 5,000 pts....what happens to icp?
Cause financing now is a major obstacle let alone if the USA market falls to a much lower level.
Selling out for me is impossible...I am all in sadly...made the cardinal sin by averaging down these past couple of years from the Yara high days.
Do I see a light at the end of this tunnel...definitely not....the whole world is in chaos with Russia/Ukraine, Syria, Iraq, ISIS, Kurds with all the oil trying to hold a referendum for soveriengty,Israeli/Palistinian conflit>never ending.....smart weapons, global warming.and the list goes on and on...
So how long before some extremist group does the" Ultimate".
Sadly these are negative comments but nevertheless very probable and quite realistic with the direction the world is going!
PL