WESTERN POTASH CORP T.WPX

Russia’s Fertilizer Tycoon Says Potash Glut May Last a Decad

[thairat]

https://prosperitysaskatchewan.ca/2016/08/18/russias-fertilizer-tycoon-says-potash-glut-may-last-a-decade-hmmm/

Russia’s Fertilizer Tycoon Says Potash Glut May Last a Decade – Hmmm?

AUG 18

Posted by prosperitysaskatchewan

Have you ever had a feeling that the timing of a comment may be linked to another story?  Sort of adding “fuel to the fire” or something like that?

Eric

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Russia’s Fertilizer Tycoon Says Potash Glut May Last a Decade

Yuliya Fedorinova

August 18, 2016 — 2:47 AM CST

Bloomberg

Russian billionaire Andrey Melnichenko, whose fertilizer company is investing more than $6 billion in potash mining, said it could take at least a decade for the potash market to work off the excess because of the past “disruptive” actions by the largest sellers...

[SuperMoney]

Hey, Thairat, your posts are so scary for me. I am thinking it may be better to sell off now. Any thoughts please. Thanks.

[crosask]

Aside from hiring and firing persons on the BOD, not much else is happening. The Chinese must be feeling robbed though getting in at .33. Just stay patient, you'll be able to get in at .09 - .10. Prices are at $228/ton and supposedly going to $140. I'll average down some more but not until .10.  Worst part is WPX hiding with no updates or plans. Not even sure anymore if the mine