OTCPK:PTAUF - Post by User
Post by
Ranger56on Sep 11, 2013 4:20pm
174 Views
Post# 21733565
Where is this going?
Where is this going?I would like t buy at these levels but I cannot due to recent events. https://www.reuters.com/article/2013/09/10/uralkali-results-idUSL5N0H623K20130910
In the recent update from Uralkali, they said to expect potash prices to go down to $300 but not too much lower. They said they have no intention of patching things up with Belarus. They are also implying that they are the lowest cost producer and wiling to trade off lower price for increased production volume/sale and higher market share. Even though Putin has said the dispute needs be fixed, you know how things go-- supply/demand will lead to a lower $300 +/- potash long before there is a political resolution to the Belarus potash pact. So it looks like the potash price will go lower and hence just cannot buy under these circumstances. Better entry point later.