TSXV:AAA.P - Post by User
Comment by
MolyMadeMeRichon Nov 26, 2010 2:10pm
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Post# 17763489
RE: First support level .53
RE: First support level .53That BIG BID @ .55 looks like good support? hope it holds!!GLTA..MMM$...
I'm thinking all the junior potash plays will vanish within 2 years...good timing for investors to load up...This seems like the begining of a strong secular potash run!!!!! KiDDy-Up$$$$$
Consider:
- Mosaic and PotashCorp raised prices by $138 a tonne in October to more than $560 a tonne.
- The failed BHP bid keeps the potash marketing cartel intact, which is bullish for long term prices
- The major potash players are definitely moving down the potash food chain
- Potash is a dominant global investment theme underpinned by the solid fundamentals of a growing population, a shortage of arable land and fresh water and severe climatic events
Conclusion
“Just when we need more soil to feed the 10 billion people of the future, we’ll actually have less—only a quarter of an acre of cropland per person in 2050, versus the half-acre we use today on the most efficient farms.” David Montgomery, author of the 2007 book Dirt: The Erosion of Civilizations
Fertilizers are going to become increasingly important to improve crop yields.
There’s certainly longevity to the potash story and as more and more investors become aware of it the most leveraged companies could very well deliver spectacular gains for their shareholders. Potash should be on every investors radar screen.