Just in case some of you are wondering why the SP is still sub...

Just in case some of you are wondering why the SP is still sub $1, the following may be of interest - in appeared recently in the Eureka report, by a Tim Treadgold:


"With phosphate prices showing few signs of rising, listed fertiliser stocks may not be the growth story investors are looking for.

The mining boom might be over, but that does not mean an agricultural boom is starting. This is an important point if you are thinking about investing in a fertiliser-focused company such as Paradise Phosphate, or any of the other dozen or so fertiliser hopefuls.

In principal there is nothing wrong with Paradise, which has lodged a prospectus with the Australian stock exchange seeking $20 million. It owns a number of phosphate deposits in north-west Queensland, and has a plan for their development.

In practice however, Paradise might struggle to achieve its goals, if only because phosphate prices are steady but relatively low, are showing few signs of rising rapidly, and the deposits Paradise plans to mine have a long and unimpressive history."


And continues with:
"Other phosphate stocks include Minbos, which is exploring in Angola; Aguia, which is exploring in Brazil; and Rum Jungle Resources, which is exploring in the Barrow Creek area of the Northern Territory."


No mention of STB !!!