Todays announcement is the final piece of the jigsaw for me. For the last few months it`s looked like Phosphate Resources would eventually be "backed in" to Asset Backed but i`m now convinced it`s only a matter of when not will it/won`t it. The clincher "Kohmascher" Why? For those of us who were around a couple of years ago the germans (Kohmascher/Moser etc.) did a really good job of buying into "shell" companies before backing something into the shell and then boom!!!! Okay todays market is totally different but if you do a bit of research into the potential for Phosphate/ABK with all the govt. money to be spent on christmas island then you realise the current market cap is way too low taking into account the potential.. OK i`ve rambled on enough for now. i know it`s a long shot but i havn`t seen a more obvious punt for a while.
READ THE RED STUFF ATM THIS IS AN OUT AND OUT PUNT!!!! YES I OWN ABK/ABKO`S AND WILL CONVERT AND WAIT FOR THE TRAIN.
