Hard to imagine!
posted on
Feb 18, 2009 10:09PM
A better scenario you have an amazingly large high grade deposit of phosphate rock who is badly wanted by the IFFCO. IE: The board members and their large share holdings. Than you have Soros with over 10% of the shares, now you have to know he has sent someone to scope out the area, the company, the board members etc. etc. these people don't guess with millions of dollars, they make it their business to know what is going on. Than last but not least you have Mr. Gutnick one of the richest men in Australia, this play is a sleeping giant!
Soon we will have a contract signed if these drill results are as good as we were led to believe than the IFFCO will sign a contract for so much a tonne and that will blow the lid off this thing as the market will be able to put a price on this company and it will be alot higher than the cash value we are getting presently.
In short we have a company with deep pockets who will see this through because the dollars attatched to this play are high, very high this should come in at around 40 billion over 30 years this number could be higher we will soon find out. One last comforting thought Soros has 10% of the shares yet he hasn't bothered to make any management changes either adding someone in or taking someone out and i find that comforting it tells me at least for now that things must be rolling along just fine!