Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: The one fly in the ointment

The one fly in the ointment

posted on Mar 17, 2009 12:15PM

Only possible problem areas:

Poppa G gets caught overleveraged in some of his collateral projects (bankrupted) and is bought out by IFFCO or some other entity

In a buyout what are the rights of the minority stockholders? That is a questioin I have been asking for months and there has never been a satisfactory positive answer

Gold is a long time positive but could go thru some short time big time negatives. Starting mining operations is very capital intensive. I wish he had a more simple horizon more focused on our Phosphate.

But then we are the mushrooms and we know our fate :~)

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