TSXV:EPO.H - Post by User
Comment by
bettindahouseon Aug 19, 2016 11:15am
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Post# 25158468
RE:Have you Read?
RE:Have you Read? I highly doubt this glut will last that long and I don't believe Baumgertner does either. IMO, his strategy is to hold global potash prices down by avoiding getting back together with the Belarusians, long enough for companies to scrap many of the new mines that were planning on coming on board when potash prices were high and the economics made more sense. He's controlled the price for a long time, now he's trying to single handedly control supply. When enough of the projects are scrapped because of a bad long term global potash price outlook, then he can make nice with the Belarusians again and march prices back up. Demand will continue to rise, there will be another shortage, global prices will spike and we will go through the same thing again. The reason I'm here is that I believe Encanto has enough going for it to be one of the only juniors to make it to the finish line and grow into a monster. I read the news and check our shareprice every day like the next person and also want this to happen yesterday. All we can do is wait... Good luck to the longs!