Just patiently waiting...for area news and news from CDB. Yes the world is in a global slowdown. Yes things are tight. And when things get that way you want to save as much money as possible and get the biggest bang for your buck. Of course you also have to eat right?
That is the premise behind owning CDB. It's the only company I know with tonnes of good land with coal and potash. The coal is least expensive form of energy around. It has been used for hundreds of years! Without it there would have been no industrial revolution! In tough times coal prices will rise and prices of more expensive alternatives will drop.
As for potash, Canopotex the marketing arm of Agrium, Potash Corp and Mosaic has control of the fertilizer business and decides what the prices will be. They have more control over fertilizer than OPEC has over Oil.
Coal and potash demand will be strong into the future. That's why holding this stock makes sense.
Good luck to all,
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