Re: Questions - I take issue with your PPS predictions
in response to
by
posted on
Mar 26, 2010 01:09PM
While I as much as anyone would love for the rosy outlook portrayed by PK and bigphos to come to fruition. I think that it is a bit too optimistic.
I don't know that the Wengfu deal provides enough positivity to propel the PPS upstream against the negativity of dilution and in the face of any announcement of further delay. Perhaps if it were listed on a proper exchange where it had better exposure, but few individuals and fewer institutions are gonna buy it OTC.
And while I agree that shipping of phosphate this year would definitely cause the price to shoot up, I don't think it will happen. The recent releases all but say shipping has been postponed. There is an undeniable intimation at the very least.
I think the only thing that could help us go much appreciably higher this year would be a joint announcement of Wengfu and ASX listing. However, the releases were deafening in their silence on this topic.
I believe that this company will one day be a 2 billion dollar company, but that's not happening anytime soon. I liquidated a quarter of my position to search for lower hanging fruit but the bulk of my original investment will keep faith with all the longs hoping for the best.