Hi everyone,
Firstly thanks to everyone for their posts and rants. I'm new to this so all information gives me something to look into a little further.
I have about 60% of my Lambo fund (can't afford a Lambo on our salaries but are otherwise comfortable so the wife said if I can earn it on the stock market I can buy it) invested in POK and things are looking really positive at the moment. I'm trying to get a better feel for when to sell. In all the discussions there seem to be 2 factors that aren't discussed and I'm not sure if they are the elephant in the room or if I'm just missing something logical and obvious.
1. There seems to be a worldwide surplus of potash. This resource will be needed in the long term but short term the world doesn't appear to need another potash mine. I know the company expects to sell to the domestic US market, but is that enough to to push the price up above $1 and beyond? Especially as there seems to be a couple of large potash mines in Canada which is not that far away.
2. It seems from what all indications that there is only 1 way for this stock to go once the JORC is released given the companies initial conservative estimates and the de-risking of the sites a couple of weeks ago. Despite this, the sp has increased but not to the heights a number of us had hoped for. What am I missing? There must be something holding this stock back.
Cheers and keep your posts coming!
Ant
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