Catch and Release..
posted on
Jul 24, 2008 03:42AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Sinnerman...
Don't shoot our muskies..Catch em and let 'em go..
And they do have big teeth ,but only bight you if you let 'em..
Everyone is getting whipped in these markets...But Potash came out with their numbers..Can you believe the numbers ..Like shovelling dollar bills out of the ground straight into the bank..
Hang on to your RAY...falll is the turn around time..I'm buying anyof my picks that I can get cheep..
And they are all beaten down..
here are POT's numbers from last night..If they don't make you drool..and doing much better than goldproducers if you can believe that..
HOLD on ..go fishing for the summer and we will go nuts in the fall with our profits..
Symbol: POT
SASKATOON, SK, July 24 /CNW/ - Potash Corporation of Saskatchewan Inc.
(PotashCorp) today reported record second-quarter earnings of $2.82 per
share(1) ($905.1 million), a 220 percent increase over the $0.88 per share
($285.7 million) earned in last year's second quarter. This represents the
highest quarterly earnings in company history - 62 percent above the record
$1.74 per share ($566.0 million) set in first-quarter 2008 - and reflects
rising global fertilizer demand and the impact of significantly higher prices
for potash, nitrogen and phosphate products. Record quarterly gross margin of
$1.4 billion was up 187 percent from the $501.4 million generated in the
second quarter of 2007, with all three nutrients making record contributions.
Earnings for the first six months of 2008 were $4.54 per share ($1.5 billion),
more than triple the $1.50 per share ($483.7 million) earned in the first half
of last year and higher than the record $3.40 per share ($1.1 billion) earned
for the full year 2007. First-half gross margin reached $2.3 billion, compared
to $871.1 million in the first six months of 2007, and has already exceeded
the record full-year total of $1.9 billion set last year.
Cash flow from operating activities prior to working capital changes(2)
reached $1.1 billion for the quarter and $1.7 billion for the first six months
of 2008, compared to $473.7 million for the second quarter of 2007 and $756.7
million for the first half of that year. Earnings before interest, taxes,
depreciation and amortization(2) in the quarter grew to $1.4 billion from
$496.4 million in last year's second quarter, raising first-half EBITDA to
$2.2 billion compared to $877.4 million in the same period of 2007.