TSXV:AAA.P - Post by User
Comment by
Fertimanon Dec 20, 2013 6:27pm
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Post# 22028794
RE:RE:A century of International Potash Intrigue...
RE:RE:A century of International Potash Intrigue...It really shows how potash has been a national issue with big players involved.... big things at play here...
As for Uralkali... they are pumping out 700,000 mt per month potash.... Do the math on what they have lost since the $400 - $425 drop to $300 /mt.... Let's say $100 / mt....
700,000 mt / month X $100 = $70,000,000 / month X 12 months = $840,000,000 / year!!
$840,000,000 / $300/mt potash = 2,800,000 million tons of additional potash just to break even!!
And you wonder why a new CEO will be coming in....
Will the cartel get back together..... Personally I would say yes... sooner than later in my opinion...
Do your DD as lots of things here are at play IMO...