We have a massive Phosphate resource. Two in fact, going into a...

We have a massive Phosphate resource. Two in fact, going into a time when fertiliser is going to be scarce. AD's(our) plans fell foul in the GFC.

One thing we disagree on is whether we will get a partner for Wonarah. I think we will. Further I think the JDC technology sourced under AD's will cut costs.

The other thing we disagree on is whether the bid for UCL was appropriate. I'm on record as saying I think the boards motive was to goose the UCL share price so the project could get financed. This has occured with the Omani's on board (on their side).

What we are all dirty about, is that we paid a lot more for shares than they are valued at now. I (can) take the long term view as it's only a part of my portfloio. So although I was greedy and wanted quick dollars, it wasn't quite a all or noting bet.

I also see BHP making a bid for Potash Corp in the same time frame and falling foul of the Canadians. (and probably the same for their shale assets).

To be honest I don't think I have as much ability as AD.

Don't forget it's always darkest before the dawn.

YC has always been right. He likes value for money too but I dont think he'll change his mind about fertiliser. He's probably played the game better, by not paying too much for his shares. That's his ability showing.