GREY:MIGGF - Post by User
Comment by
zinger99on Feb 15, 2009 9:22pm
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Post# 15780891
RE: Note on the CC of "friday the 13"
RE: Note on the CC of "friday the 13"Fbestm,
Thanks for the summary. I thought the CC was very good. I liked the mention that the new 100 tonne NPK facility offers extremely attractive returns. It sounds like the single customer is quite keen to work with MGO. One must believe that this could be a very big part of their future if they can prove the concept during the first effort.
Sounds like Jay's upcoming trip will finalize the plan.
I also learned that droughts do not impact the business as the high end vegetable and tobacco industry have excellent irrigation systems. Lastly, it was nice to learn the large SOP producer is likely not in the same league as MGO at the moment.
Looks like holding back the 19M of inventory was a great move to capitalize on the price increase. I suspect it was SOP they were storing. Price has increased from 4300 to 5000 RMB per tonne.