Wow! Disappointing, given I believe I know....
posted on
Oct 27, 2008 03:28PM
what I'm doing. Not so sure these days. Great "fundamental" news keeps being revealed to us "lucky ones", but sellers still exsist. I can only assume this is temporary and once the liquidations/redemptions subside we should be headed north quickly? I'm waiting on the upcoming report, but have seen enough (thanks mainly to bigphos/agoracom) to believe this baby is a screaming buy under 2.50. This is the price most are in at and I don't believe an offer "serious one" would be tendered for less than a discount for the "sure" minable phosfate of not less than 80% of marketable reserves. Which I believe is far greater than 2.50 a share. I haven't calculated this yet and not knowing a sure formula in this instance, anyone else??? mguru