RE:RE:RE:Potash prices further increased in May to $353-365/t rangeThank you Ari.
Here is a link that describes NOLA in greater detail.
https://www.argusmedia.com/-/media/Files/methodology/argus-north-american-fertilizer.ashx Unfortunately the price of potash is a mute point at the moment, as Karnalyte is many years away, and hundred of millions of dollars from commercial potash production, and until the turmoil within is remedied, it will be a long haul.
Remember, the Wynyard mine was contingent on a gas line being built from I believe Rocanville to Wynyard with government assistance. $65 million comes to mind for some reason and 2 years to build it, but only if BHP brought the trunk line to their mine first. That didnt happen to my knowledge
On another note, I expect voting results for yesterdays election will report at least an 80% approval for all resolutions and nominee's with approx 55% of Karnalyte shareholders casting ballots.
On the outside looking in, that result would represent very decent support, but in reality the vast majority of the voting represents GSFC's vote, and a majority of shareholders not named GSFC likely voted differently.
GSFC has
16,334,558 shares that will reflect the lions share in voting results Unfortunately thats what happens when GSFC receives a 10 million share gift by way of the Rights Offering. 50% dilution for the rest of us is very difficult to recover from.
Bottom line - Until the deep divide between so many parties involved can be resolved, one could guess it will be another long year.