Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Re: Pacifer report,nothing more!!
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Feb 24, 2011 10:56AM

You all bring up some very valid concerns. Mine isn't that they haven't sold assets. With phosphate prices on a (slow but steady) escalator up, I want to be the buyer not the seller of commodities. Once assets are sold, I'll have to take my 40% profit and go look for some other phosphate or potash company to buy. Does everyone else except me think the fertilizer bull run is over? My concern is that the share price hasn't been keeping up with commodities...or POT or MON even. I'd rather get news of ASK listing so we get more interest, not sale.

Remember that George Soros owns about 800-1,000 companies at any one time! He trades in and out of them on a dime. He trades on momentum not long term investments like Buffet. Yet he's held on to his few million dollars worth of LGDI (mere pennies to him) for 3 years almost.

I just cancelled my $1.05 sell order. I'm scrapping this short term trading scheme.

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