I bought POZ after selling out of Minemakers for this very reason, mgmt/directors were not progressing the flagship project. This does not appear to be the case with POZ.
One thing does concern me though, and that is the seemingly increased focus on the NT iron ore project. It would be great if mgmt focussed its effort on phosphate and did not get distracted.
Fertilizer stocks are only now beginning to gain widespread interest, whilst there are a large number of junior iron ore players coming to market each year.
In fact I read somewhere, apologies cannot remember, that phosphate was tipped by one of the major brokerage house to be the commodity of the next decade. POZ should prioritise all its efforts toward commercialising its phosphate resource, especially given the vast majority of phosphate comes from Arab countries where there may be unrest for years to come.
POZ Price at posting:
10.6¢ Sentiment: Buy Disclosure: Held
