Please dig through the SEC releases and show me any critical infomation that I'm missing.

Personally I'm interested in the leveraged gain in value of LGDI. This is what I mean (from 2011 USGS data):

Q1 2010 phosphate rock prices = $100/ton

Q3 2010 phosphate rock prices = $150/ton

First read again the stories on agriculture in Q3 2010 and Q1 2011 and then make a reasonable guess on phosphate rock prices today.

Remember that at peak in 2008, prices were near $400. They rose about 700% in 14 months.

To temper that note that there is some estimated world production increase, including us. 2010 world production/year = 176 M tons

USGS estimated world production/year in 2015 = 220 M tons

Thats about 4% increase per year. Compare that with increase in demand in last year. Add in all the currency devaluation & flooding by central banks with cash. Compare that with value increase of over 50% of the asset in less than 1 year. To me it doesn't hold up to the 4% production increase. You do the math on the potential.

Just my opinion and reasoning.