CXM
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2.56% 3.8¢ centrex limited

I love CXM, however I hope you guys are aware of the crash in...

  1. Rockdoctor9000
    392 Posts.
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    08/03/23
    17:29
    Post #: 66663698
    I love CXM, however I hope you guys are aware of the crash in commodity prices at the moment.

    the despair in farmers eyes at the cattle sales as they are offloading stock, which they need to do to pay increasing interest rates driven repayments.

    meanwhile these cattle are selling at 1/3rd of the price we were getting 12 months ago...

    the last sale I saw could only be described as a blood bath, and the downturn and dry weather has only just started...

    Ardmore is great, but demand destruction will drop phosphate prices significantly.
    CXM Price at posting: 16.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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