lake disappointment , page-49

DBK can do all the valuation models he wants, if he doesnt like the stock then dont buy it. simple. im sure theres more people out there who think this stock is too risky and dont buy it, than people who actually do buy it. My best guess is that i will be selling my STB that i bought at ~30c to DBK at $2 when he stops procrastinating and decides he doesnt want to miss the boat... this will be the top for STB. so dbk, please do tell me when you decide to buy STB, cause i know that will most likely be the top.

id rather spend my time buying the thing and making many multiples of my money than trying to model a stock which is clearly not modellable yet. They dont even have a JORC out yet so i dont see how you can even begin to try and DCF this stock.

Truth of the matter is this, RWD, MAK and STB will all probbaly never make any money or produce anything. But that doesnt mean their share prices wont go up 1000%+. MAK and RWD already have and are capped over $100mln. STB is just starting and is a minnow in comparison. Go back to 2007 and tell me how many uranium stocks went up 1000%+... answer = lots. will these companies ever produce anything? answer = no. but that doesnt matter if you bought at 20c and sold at $2

As the wise Jesse Livermore once said, speculation about something happening can drive a stock far higher for far longer than that thing actually happening. in other words, buy the rumour and sell the fact, or buy first ask questions later.

If you want a sound potash comapny which you can DCF model and buy for your grandmas pension fund, then go look at mosaic or potach corp or something.

STB is clearly a speculative stock, but it is a speculative stock which i believe sentiment, momentum, marketing, ramping, greed and ultimately hysteria will take to $1+. This has heppened before with MAK and RWD... good things come in 3's... your mother taught you that in pre-school days.

STB has the buzz words: "potash" and "rock phosphate", it has a small market cap, it is starting to have regular news flow, and the word is slowly getting out to the market. Many speculators have made hansome profits in MAK and RWD... and will be looking to shift into the next thing. There are currently very few potash/phosphate stocks on the market, let alone small ones like STB. their projects are in Australia so people feel more confortable buying. This will be a classic bubble, but it has only just gotten started, and there is hansome profits to be made in the meantime. if you are buying STB cause you think its goin gto turn into some long life profitable potash miner which you can carry into your grave, then you are kidding yourself, its not! but it is going to go higer, and thats all that matters for those speculators who get on board early... its the sceptical, critical, fundamentalist conservatists like DBK that will ultimately end up holding the baby in this.

and dont forget STB has phosphate project too. its not just the lake dissapointment project, they have old Rio Tinto phosphate ground which shows very good grades.

happy trading all, and all the best to the STB holders out there, please enjoy the ride, and dont be tempted to cut your profits too early... let the thing run, and ill see you at the Ferrari dealership in a few months time