The Stories Are RealAs you all know I have been in this stock for years. As most of you and the Mr. Anonymous who sold 500,000 shares today it has been hard not to throw in the towel. We have all heard the reasons why this company one day will be a mine. We have all heard what is happening with China an Russia stopping exports of Phosphate. The problem is these stories were just theories and not reality. Well I had a brief email exchange with the CEO of Northern Nutrients. I was curious about what his company did when China cut off exports and asked him about it, below is his answer.
1. When China cut us off, we tried to source more product from some of our other traditional sources such as Israel and Baltic region to fill the supply gap but with the current mkt place conditions that was difficult. More so, we increased our focus on our own technology and increased company resources into further development of our phosphate enhancement products.
My point is the shortage is real. This is not some BS made up by PR companies. The shortage is presently affecting real companies and there will be real consequences.I have never been so confident that something is going to happen, it is just a matter of not alot but a little time before governments or major companies wake up and secure a safe source of phosphate.
Todays trading action was amazing and there will be a point that Mr. Anonymous will have no more shares to sell.
PS. I did not need more shares but I did buy more.