Great result - the dividing should have been higher CII have plenty of cash and a larger distribution to shareholders would be appreciated. The director's will have difficulties finding a comparable investment as the phosphate mine . Lets hope they don't waste money on a dud investment - there are plenty around!
The long term out look good for phosphate mining. It is a 'cash cow' with predictable production and sales. There are no reasons that the price of phosphate rock will not increase, it is not a commodity that is in abundance and there is an increasing demand for agriculture.
The stock is now seriously under priced
CII Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
