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Those kind of results will have to make people sit up and take notice. This is how you get a competitive edge over your rivals, lower costs, increase yield, increase quality..
now if only I could make a suitable joke about 'all the tea in China'
Does anyone know the format of the Polyhalite that ICL are selling. SM's Poly4 is produced as pellets with a binder which I believe is their own technology and can't be copied by ICL. The pellets have different release properties than just raw lumps of Polyhalite or a similar size.
When you work the numbers through (cost, sales price, number of shares, tax etc) I think you get to a figure of just over 20p for when the company has paid back all the financing. But think that year is 203X. A 5p div is more realistic from the mid 2020's. But think I'm running before walking here. I'm sure many of use will raise a glass when the first div is paid, even if it's 1p.
Dividends are unlikely to be 30p, especially at the 145 dollar TORP price, 10p would be great, 5p more realistic I think and could be a while before dividends are paid out, but when they do the current share price will feel very very cheap.
The Sports Minister resigning over the implementation date of the reduction in stake for fixed odds betting machines in bookmakers is (in my opinion) unlikely to spook the markets too much.
And if it does then I would imagine that it's bookmakers that might feel the jitters..
I imagine CF is thinking right now. "Oh crap I've only got 100 million odd shares, how will I pay for the milk next week"
Still think it will drop at some time in the next few months, we have a Sales Team with one big deal left to close (and lots of other bits obviously) but that will be their only objective at the mo...
Not that it will make much difference until we get the money sorted out..
When the monster Euro TORP comes out in the morning?
Even a stopped clock....
Interesting read, I'd be happy with a 400 fold return plus dividends...
I'm guessing some of the locals got very rich off that one.
Milo - completely agree and all the while Potash prices are on the up so should get better and better.
10 mtpa sold at 145 USD is over 1 billion profit per year
That price seems to relate to a historical MOP price of 200 USD, from what I've read prices for MOP are now closer to 300 USD.
Do we have any idea how the sales volume ramps up. My understanding of the the torps is that they are incremental, as is production, so we won't be at 7mpta for a few years, so no need for more than 1 line initially. If after 3 years we are at 7mpta then there is no reason to spend that money now.
I have true faith that it will be a blue Monday. I don't regret the temptation after the shellshock to sell. In the confusion we seem to go round and round growing restless, but dreams never end and the share will be touched by the hand of god. But thieves like us will have a fine time once the progression upwards begins.
And I'm about done with song titles and back to work.
In terms of market opportunity, Europe is the 2nd biggest market (source Mays Investor Presentation page 8), biggest is China (110mtpa market opp, 2.8mtpa target), Europe (70 opp, 1.8 target), Brazil (58, 1.8), North America (58, 1.8). So a Torp would likely take us into the 9.5 - 10 Mtpa range.
It's a chat forum with terms and conditions which can be found at the bottom of the page under "terms & conditions". You signed up to them and I would imagine your post contravened those rules. The title of your post would suggest that it does even without looking at the content, unless of course you were discussing the potential delays over the winter to to bad weather.
https://services.globes.co.il/en/article-potash-price-rise-boosts-israel-chemicals-1001254100
Assuming that the Poly4 price is going to be roughly pegged to the price of MOP, recent developments in MOP prices is great news.
ICL -
"Potash prices averaged $247 a ton in the second quarter, compared with a $216 a ton average in the second quarter last year."
Also an overview on potash prices around the globe - generally an upward trend
https://marketrealist.com/2018/09/us-potash-prices-were-flat-last-week
29 months...
How many months will it be before we're all speculating ahead of a quarterly update about how many miles each of the tunnels has been dug?
11 years time the mine could be at 20mtpa per year.
Profit per tonne is currently estimated to be over 100 USD.
That's 2 billion USD profit before tax, royalties etc
Dividends could be somewhere between 10p and 20p a share (unless significant dilution)
So I'd rule out 50p and a pound in 10 years time.
Or it could all go horribly wrong.
More a "what if" in terms of the sequence of events rather than dodgy reporting. (eg the Torp was signed before the additional funding budget was finalized). Anyway all speculation.
We'll never know, but one of the consequences of hitting the mid 40's would be bond conversions and therefore the amount of shorts being decreased.
I'll be happier when they are finally gone.
As you say the recent sentiment is positive which is a much better place to be..