7.5c SP -> $1.11 SP Target (Largest Potash Deposit in West-Europe) $30M MC, page-24

Morning all.
@CatalystDriven
I am familiar with this stock having owned it for a short spell.
Sold on the last down trend at a little over 9c.
You can see that red circle area that to me confirmed further weakness to come, purely from a TA point of view.
I do think that at this price we could see some consolidation and a buying opportunity indicated by the yellow.




In this vid Chris talks about the European shortfall of supply at around 5:50.
He also mentions growth potential looming.


At the cost claim of $2m/hole, they are very lucky they do not have to re-do the drilling for JORC compliance.

Another aspect to the importance of a European presence is the cost of shipping but also the tariffs currently applied to those countries such as Russia being the closest.

Below is a pic of the shipping costs and note the date.



Anyone that imports form China will understand the costs in this pic below which is an update since the costs given in the pic above.
Yes that is container but it is also what is going on in shipping world wide.
Not something we care about because we can no longer buy from China due to the ban.
It does however show that purchasing costs will rise which will give leverage for higher premiums.
Now we need to calculate the shipping in todays value and then add the tariffs of a given supply depending on the country of origin.


In that video above, it is worth noting the carbon costs of shipping from Canada and how aware the world has become of carbon footprints.
Costs of oil is rising and this will no doubt add further to any shipping.



I rotated some funds into other stocks and haven't looked here in a little while.
The weekly chart along with this growing story, ( pardon the punt ) could be painting a picture that the timing here is approaching it's best.
Would be nice to see a bounce from here and a break above that current trend line.



That was a nice long base and now with a revisit to the 50dma.
Let's see where the sp goes from here but the story is maturing and more compelling as we approach mile stones along with a lower sp.
Thanks for the Tag CD, always nice to see your research mate.

Kind regards, Wack