Hopefully there's some Government payments to farmers to help things along. Even if not for agriculture, it wouldn't surprise me to see international Governments subsidising Bio-Fuel Farms.
If the above article is correct then it may take some time for fertilizer demand to return to the 'glory days'. Ultimately demand is going to determine the price of RP!
MAK will go into production & everyone who's looking for a decent captial gain will be just fine. If you're hoping to be paid big dividends or get rich from MASSIVE capital gains, then you may be waiting a while longer.
I'm just biding my time waiting for RP price to bounce off its lows. I probably won't be able to buy in 44c when that happens, but if I can buy in under 50c I will be happy.
Cheers.
wsj: usda sees farm profits plunging 38%, page-2
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $29.74M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $14.12K | 1.311M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2012302 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 996420 | 4 |
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| Last trade - 14.30pm 15/11/2024 (20 minute delay) ? |
| AEV (ASX) Chart |