They've spent the money they needed to mine and ship rock. It's that simple.

Absolutely correct statement. They have milked this cash cow dry with their exhorbitant salaries and expenses over the years. Basically, they put everyone on the payroll and pay for all of their expenses. Add that to the total BS "relationship" with AXIS, which is how they funnel the money to themselves, and we end up with NOTHING. Would love to see Axis's books and see exactly where all of the money went.

A billion tons of phosphate and the stock is 6 cents!! And going lower. And worst of all the company says NOTHING!!!