Hoping for signs of intelligence here I have been holding AAA positions for 2 years now, at different prices. I have been following this Board as well as IHub. Today I had to comment here because the stupidity, for the most part, appalled me. Except for a few coherent minds, some of you should get a life. But like most of you, my cost average is above current SP. And even though nothing but good news come out, the SP slowly sinks to the 50's.
When you look at it, we own a piece of desert in Ethiopia. In reality it's not worth much. The data is there to support extracting the stuff out of the ground, but it won't be for another 2 years until the first kilo of potash comes out. I believe that this company will go into production and be in full mode by end of 2015. The SP at that point can easily exceed $40 based on production costs and mining quantity. But for now we're idle as can be. Only news that would spike things up would be a takeover offer. Even when the BFS comes out in a few months, like before, it will excite the SP temporarily and subside back. Remember it's only holes in the sand we own.
I believe Farhad is committed to this project. The lack of news over the last month only raises caution all around. In the end, because I am losing money so far on this and believe it will come through over time, I will keep my positions and sit on them for the next years. Its negative return for now. But from .60 to $40 over 3 years, I'll take that anytime.
Jean