STB south boulder mines ltd

Some potash news sent to me-Not a bad SP IMO. Won't happen...

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    Some potash news sent to me-Not a bad SP IMO. Won't happen overnight with STB but worth waiting for I hope.
    Fertilizer producer Mosaic has reported a 79% drop in profit in the last quarter of 2013, reflective of the weakened phosphate and potash market.
    But following a year of significant pricing pressure and lower-than-expected sales volumes, Mosaic's board of directors has decided to approve a $1 billion share repurchase program, adding to a previously disclosed agreement to repurchase 43.3 million shares in the first half of 2014.
    The scheme appears to have cushioned the blow of low profits: Mosaic shares were up neary 2.5% on Tuesday, trading at $47.96 apiece.
    I like that part.
    Net earnings for the year were $129 million compared with $616 million a year ago. Earnings per share were 30 cents compared with $1.44 in the same period the year before.

    Good luck all
 
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