Ann: Trading Halt, page-8

Hard to know isn't it?
With a global Urea fertilizer shortage (caused by Ukraine War) and China stopping all exports of Phosphate fertilizer, and Australia importing >90% of its Urea - you'd think NRZ was a potential winner. Particularly with the share price at 12 cents.

But!....

• NRZ are still 2 years from first Urea production (current time line - which might blow-out)
• Who knows what the global fertilizer market will be doing in 2 years time? Will Ukraine war be over and their fertilizer production is back online?

This video (and others by Peter Zeihan) paints a bleak picture of global food shortages (which supports the NRZ business case).


Really hard to know what the prospects are for NRZ and if the ROI metrics will be able to sustain the number of Shares on Issue when this turns into an earner. From memory about 3 billion is required to fully build out NRZ into a production facility.They will need to be raising cash at a much higher share price to raise capital without huge dilution.

IMO
DYOR