K2P 0.00% 18.0¢ kore potash limited

Smart money was flowing out from most of the other potash stocks...

  1. 93 Posts.

    Smart money was flowing out from most of the other potash stocks in last 7 trading days while ELM was up nearly 20%. ASX All Ordinaries was also going all the way up 4.2% at the same time period.

    ASX: Up from 4753 to 4954 - 4% Up
    ELM: Up from $2.24 to $2.68 20% Up

    FMJ: Down from $3.00 to $2.20 - 26% Loss
    STB: Down from $5.25 to $4.26 - 19% Loss
    RUM: Down from 56c to 47c - 16% Loss
    GMM: Down from 25c to 22c - 12% Loss

    Where do you think that smart money was going to? IMO, straight into ELM. I can see some more will pour in to ELM this week.

    (the only exception was RDW which made a specualtive anns that Lake
    Disappointment tradional owners might give permission for mining, which I don't think so)
 
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