fin review article re brett walker, page-13

Seriously, I love the deposit but management need to pull their head in and make shareholders some money.

here are some things he could have said if the broker had done some more research:
1. DAP prices plummeting, the bell-weather IPL getting murdered.
2. CI Resources posted bad news about customer demand.
3. Mosaic cut 20% of production.
4. Fertilizerworks claims 50% of export DAP plants moth-balled on back of phosphate free-fall.
5. All commodities seem to be dropping back to long term trend. RP could also god forbid.
6. China may reopen exports.
7. Biofuels industry in big trouble due to low oil/ putting pressure on corn prices.
8. MAK management too overly bullish of revenue/profit/RP prices.
9. Lack of strategic deals (have to hand it to Gutnick for doing a deal with India AND George Soros)
10. HC member Yellowcake seems to be a bear now on fertilizer (he was spot on as a bull)
11. AD going crazy over some lazy broker research. (who's heard of State One??)

We need to find the bottom support for RP fast. Until then helmets on.

As for 'cost us 10%' - broker records are available and the actually volume pumped through via state one can be seen. I suggest someone close to a broker posts the numbers and we can see what impact (if any) this state one report had. If it is a small number then AD might have messed up and those legal letters can cross each other in the mail.