PHO 3.45% 3.0¢ phosco ltd

phosphate prices

  1. 145 Posts.
    Despite CNL's star-studded share register, including the Commonwealth Bank, and its stellar fundamentals, its' SP continues to drift.
    However the Australian's ace resources columnist Robin Bromby pointed out recently phosphate prices might soon take-off which would be no bad thing for CNL's share price.
    Bromby revealed a little known fact that two phosphate mines near Hom in Syria have been closed.
    Hom happens to be the epicentre of that countries' internal hostilities. CNL's phosphate is in Tunisia.
    Also often left unsaid when discussing phosphate is CNL's closeness to its end users unlike Australia's phosphate hopefuls.
 
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