Should fall now that I have just brought in at 16c too.!!!!
Thanks HC.
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Shasta, thanks for the info on POZ...I missed reading your post yesterday.
I'm feeling pretty comfortable with RUM (ignorance is bliss maybe?). Saw that have around $4m in the bank, with a market cap of just $20m...not too bad at all. Grabbed some more today at 15.5c (placed the order before the market opened, and took about 4 hrs before anyone sold down to those levels....so it looks like most holders of the stock aren't letting their stock go at any old price).
I've had a look at POZ, but can't say its really caught my interest. They don't seem to be progressing things very quickly, and the capital costs for their proposed slurry pipeline look rather steep (but with low transport operating costs).
Still on the lookout for people with a bit of knowledge around phosphate to take a good look at RUM latest announcements and give their opinion (good, bad or indifferent).
I've attached the latest RUM releases on the Ammaroo phosphate project, which are probably best read in order, top to bottom.
http://stocknessmonster.com/news-ite...E=ASX&N=344261
http://stocknessmonster.com/news-ite...E=ASX&N=515989
http://stocknessmonster.com/news-ite...E=ASX&N=346629
http://stocknessmonster.com/news-ite...E=ASX&N=347069
HC I have been burnt with MAK, but I still like phosphate. It's low inflation adjusted price, pre 2008 prices, continued demand and growing shortage which are all outlined in the last announcement under media release 7/12/10.
I googled phosphate.Peak [i kid you not] phosphate ;underpins NZ's entire agricultural economy.World shortage.
I think some comments from Gazprom may be of some use as he seemed to at one time take a big stake in Minemakers (MAK).
Although I dont know if it was for MAKs phosphate but he did speak with them so would surely know some of the in's and outs of such a company.
As with any thoughts about any company or investment though, it can usually be what questions that we dont think of or ask, that are the ones that can be of a great significant concern to any investment, imo.
Little 'ol RUM scores a mention in the "Pure Speculation" column of the Australian!
http://www.theaustralian.com.au/busi...-1225969790747
Once again, you done it again HC. RUM up 15.6% on a potash announcement.
Bought some of these back in October and then started to have serious doubts when they dipped in November, but am now glad I hung on. I also think that dropping the "Uranium" from their name may possibly have helped to attract a wider audience. Today's announcement seems to have been well received - we're in the briny - let's hope our gains don't fall victim to evaporation! Am encouraged by the 5:1 ratio buyers:sellers.