I am one of those that have been burnt.
When I bought the selling price was us$194 and the prevailing phosphate price was quoted at us$347
Selling price now is us$ 132.6
Cost price is us$115
My estimated value based on 625000 tpa is now a miserable a$ 0.05
I can only hope that the phosphate price will rise with Ukraine supply problems and Suez problems for Morocco.
The main problem appears to be the drying of the rock phospate.
Maybe management should look at producing a super phosphate with the addition of sulphuric acid
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