My experience..
Is that sitting and waiting for the favourable outcome is better than forcing the issue.
Cons:
Potash markets are oversupplied
Price and supply pressure out of Belarus and Russia
Low global growth
Intense funding required
Pros
The potash oversupply is starting to remove itself
We are starting to see food price inflation
New gov't in India
Belarus and Russia are talking and a solution may be in the making
A significant opportunity is available in small cap potash companies like Karnalyte
If I was karnalyte management I would be doing about the same as they are. Talking the story, keeping a current profile, controlling cash expenses, positioning myself for the eventual upturn. Remain positive. The long term looks good.
If you force the issue, you may shortchange yourself. The new CEO, may be force the issue and we end up with a deal like Allana, which was good for Allana, ICL and the board but not good short term for the shareholders.
Karnalyte is in a good position, the market is not. When these are aligned again we will be rewarded. Hence my willilngness to buy shares.
rythman