Jalbiglog,

Today, DAPhosphate prices are more than double what they were one year ago. Even if the delay was due to incompetence, we are lucky they didn't sell any assets last year, when everyone was trying to get rid of commodity assets at any price. This year there is a ton of insider buying (or corporate lovemaking as Gabelli calls it).

DAP today (10/10) = $500 - $600/metric ton

DAP 1 year ago (10/09) = about $300/ metric ton