STB south boulder mines ltd

We'll i had STB when it went from sub one dollar to over $6 on...

  1. 1,771 Posts.
    We'll i had STB when it went from sub one dollar to over $6 on the ASCI recommendation a few years ago. I got out around the $4-5 mark.

    Looks like it will make another run up. Management have been very prudent with their cash management over the last few years and now there is new investment coming in from Hong Kong bodes well for the future. The increase in share capital over the last few years has been minimal.

    You can see the level of activity change the last few months. I've taken a small stake with the hope it can reach a fraction of it's former glory given that SOP prices are pretty good and look like staying strong with an 11% increase in SOP prices versus a year ago which is bucking the trend against other fertilisers.

    Refer to a recent article on SOP for those not familiar with it.
    http://seekingalpha.com/article/182...-potash-sop-is-not-awash-with-mining-capacity

    DYOR
 
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