RE:RE:RE:RE:RE:BMO still at it. I agree. Karnalyte is a good stock with proven resource and management but markets are markets. I do not believe that the bear market in the commodities have ended and I am a staunch believer in eminent Investment broker Rick Rule when he says we will see this bear market last for atleast another 18 months. KRN stock falling is also in my opinion part of this bear market. In this market people are looking for a reason to sell to convince themselves they did the right thing. In a bull market they will do the opposite perhaps. This is human psycology in my humble opinion.
The selloff followed by Uralkali announcement is probably for this reason. People are looking to sell now. Markets definitely turn in perhaps 18 months like Rick says based on his past experience. So unfortunately KRN might not see $8/$9 like it was in the recent past for may be another 2 years coz for that to happen we need drastic reversal of sentiment which i dont think will happen anytime soon. But might reach $3/$4 perhaps as value seeking speculators step in to increase the bid. But I doubt it will sustain there for a long time either and may fall back to lower levels before it seeks the bottom.
You need to be patient if you really believe in it. Nothing has changed in the company resource/management wise etc. But I believe this market will take atleast 2 years to turn. Hope you do stick with it and make your money. BOL