Never put all your eggs into one basket.....I bought this stock...

Never put all your eggs into one basket.....

I bought this stock at a much higher price waiting for all the good news to come out and it has taken this long. Back then there was all this hype about potash companies and the increased demand for fertiliser as the world's population is going hungry, etc. Any ASX listed companies associated with potash, phosphates went up like a rocket, eg. STB, ELM, AGR, etc. Now take a look at what they are valued at. In fact many Chinese companies are interested in the acquisition of such projects at cheap valuations of course.

The traders may get onboard and get the share price up a bit but to say it will reach $1 is a bit optimistic. High 30s would be a good start.

If you are young, you can take a punt as you have many years ahead to make up any losses you may incur.