Looks like the previous resistance level is acting as a strong level of support despite the short sighted selling of Delphi, with scant regard for other holders. Would be nice to get rid of them totally if this is how they operate.
It's likely to track sideways for a few months with that overhang. Which incidentally coincides with when the second drill hole will be completed, assays in from the first, and the PFS / whatever they are calling it, completed:
I'm fine with that. it should coincide nicely with my financial grand plan for the year.
Fundamentals are crazy good. If those 4 tenements are proved up, and potash prices continue around the $1000 mark, producing 1mt p.a. for 20+ years means a revenue of $20bn. And that's without increasing production capacity which I imagine, will be inevitable given the macro economic climate and ongoing food security concerns.
Enjoy the weekend fellow holders!
