Chairman Interview, page-56

Fellows, fellows, really, you are not serious are you? I don't know how to respond to you, it's hard to unravel your statement, but I'll try.

CS, you say, "Suckers see these numbers and then think they are set in stone because they don't possess the grey matter to contemplate macro events and how they may play out."

There will always be "Events", major and minor. The major event to which you refer started in mid 2021 and is well on the wane in mid 2022. If you think that this event and future short term events will have a significant effect on the long term trend in urea prices (for a 30 year project) well so be it.

Now chop 22/23/24 out of your old Black Sea chart and you are back on trend.

Only time will tell who the "suckers" are.

celllow, instead of sitting on the sideline egging on your hero, why don't you provide some genuine input for discussion. This is not about picking winners and losers.

J L.