Just bought into this stock, anybody else a shareholder?

A loss of $7.2 m,but presumably better than expected judging by some buying

The reason of buying is the target of 1M tonnes will be achieved and cash still on good supply..............


Half Year results today, with target of 1M tonnes will be achieved, as 634,000 tonnes of ore mined was announced with results, Cash of US$ 26,157,000 on the bank

A closing comment by the chairman from todays results.


The medium term outlook for the phosphates sector remains positive as world prices have started to rise again with benchmark US Gulf DAP now above US$300 per tonne. The industry is confident that volumes will be restored as the autumn markets pick up. The underlying fundamentals of food demand and population growth in Asia remain unchanged, and the project is well positioned, with good infrastructure in place, to benefit from growing local and regional markets.




Teck Soon Kong, CHAIRMAN

15 September 2009

chess how much phosphate will be produced from 1 million tons of ore?

Based on the statement below,I reckon it should work out at 170,000 tons. At $300 . per ton,that should be worth $51 million



Our mobile beneficiation plant is consistently producing target 17% grade rock and has been augmented recently with the purchased of a Metso Lokotrack ST620 mobile screen. The beneficiation plant is expected to reach full capacity by the end of the 3rd quarter of this year.

Master RSI
you dont even know the companies name!!!!!

What are you talking about,sunshine?

razmun

re - Master RSI - you dont even know the companies name!!!!!

But I know you OK .......... look below

MoneyAM Username: razmun
Real name: bullsheet talk
Location: somewhere in the ether

Not much trades today, with some at Plus market

Things are picking up now, since and "AT" took the offer higher, and now the bid come alive aft 15.50p, not seen for some time apart from yesterday for a couple minutes.

spread 15.50 / 16p

once again strong order book on the bid side with 6 extra trades

it was bullsheet talk from you yesterday, wasnt it RSI!!!

Having HMB and CHL come up trumps this week,just need this to make a treble
in quick successtion.Analysts results should be on us in the not to distent future?
imho.
cyril

razmun

Are you from this world or somewhere else?

I never mention any company name on the post yesterday.

Maybe you could explain and then could drop this

re - Master RSI
you dont even know the companies name!!!!!

looks like we are on the verge of a breakout here.

C/Player it does look that way,could be news leaked of possible update?
For any newbie's or just refreshing ones mind, Page 1 Post 13 is a must read.
cyril

about time too........this should be 20p plus.....cash in hand was practically sp before until recent small rise.

update will be on sampling which i believe will be positive news.

think broker has 40 odd p as target price

Highs now being reached for year

18 - 18p EVO at offer

EVO gone after Auction, but 18p bid also, large spread at the moment

Level 2 very strong at bid side with 11 extra trades
at plus market they are paying 19p, thogh the offer is at 18.50p now

chessplayer

i think they reached 18.5p during summer but it might have been inter day high.....think it did get to 18p though at that period at end of day

if we get pas this sp, then serious breakout which is long overdue