The AGM for CII will be interesting. Will the directors comment on the fall in the price of phosphate rock . It has fallen by about $15 / tonne. On current levels of production EBIT at lower phosphate prices may 'wipe $4 - $7 mill of the profits.
It seems that there is an increasing supply of phosphate rock and fertilizer coming onto world markets. Price increase may be a 'thing of the past'. Will the directors at the AGM make any mention of this significant impact on profits.
CII Price at posting:
$2.20 Sentiment: Hold Disclosure: Held
