The only reason why we didnt see these SP levels earlier this year was as Kruiser said tight registry but mainly it was due to the accumulation by the richest and most phosphate savvy "investor" on POZ's register.
Why didn't he invest in any other phosphate company? What has he seen in POZ that others have missed? POZ is a sleeping giant, Oswal accumulation isn't about hoping he will secure a 100% return on his investment. For me the risk in POZ was transportation & metallurgical testing (excluding external factors such as RP prices). If the metallurgical testing is ticked off than I believe that Oswal's real intentions for making this investment will become apparent. Do I buy it all or do I fund it?
The last couple of months of this year could be very interesting for JR and Co.
Expertise in Australia for Phosphate from an investing perspective and geological understanding is very limited in comparison to other commodities. Where would Oswal be if you made a list of people/companies with these skills in Australia?
POZ Price at posting:
24.0¢ Sentiment: LT Buy Disclosure: Held
