RE:RE:RE:Leadershiprudinm wrote: As i have written before stocks disount future earnings and sentiments ...and i look at the chart and it starts to look better on. the weekly chart and i feel positive about verde looking the the statement from friday...greetings from belize on my chopper guatemala belize mexico 6 weeks....i say enjoy the ride
I'm less convinced of the bullish case for now. The chart has shown ongoing vulnerability when it couldn't hold the 1.30's support and it appears a retest of the yearly lows is almost a guarantee. The problem is even their 24 outlook of nearly doubling sales volume barely results in net positive cash flow and that's producing 800Kt. Margins are barely existent at such low potash prices. Without a sizable carbon deal the sp will likely remain weak. I even see a strong possibility of the $1 support cracking and a test of .90.