RE: RE: RE: IR e-mail reply If it falls to 1.75 might be a good buy.
This management is not very good but they do have alot of skin in the game.
So decline in MBC sp price hurts them too.
The main reasons to invest in this are the
- Clear advantage of the locations of the assets. 20 - 25% of fertilizer cost is from transports.
- Booming Agri business in Brazil
- Fully funded (hopefully)
- Management has a meaningful stake in the business
- Other properties are currently price at no value.
The BAD
- Management does not communicate with investors
- Constant dilution until they get some real cashflow
- Delays and more Delays (Which is pretty normal for mine startup)