Member Info for chilting

"The TorP agreements go a long way to ensuring these high yield bonds sell, but it’s far from completed and so the risk remains".

The TorP agreements and maybe just as importantly the news from ICL today that their version of Polyhalite is going great guns in the market place - the market for polyhalite is now established and demand is strong - polyhalite is a great investment !!!

OPEC members and Russia must be feeling a little battered and bruised and very angry, but the problem is that other than cutting production and letting the US take an even bigger market share there seems little that they can do that will help the situation.

Also the level of their cuts has to be more than the US is increasing production by - its a big ask - they may feel that the time has come for confrontation and an increase in production to try and knock out the US producers?

From Trump twitter -

"Today, here in Iowa, we honor America’s cherished farming heritage. We salute your commitment to American Energy Independence — and we celebrate the bright future we are forging together powered by clean, affordable AMERICAN ETHANOL!"

and the background -

https://grist.org/article/ethanol-fuel-e15-big-oil-climate-summer-epa/

Pelle
Yes, it certainly would but Magnus, although it was good for Enquest, was unexpected and the resulting rights issue hasn't benefited us yet - although AB was clearly right when he did the deal, especially in light of Kraken's poor performance in 2018 and early in 2019.

He may pull off the same trick again to increase production at minimum expense to the company to help drive down debt - I get the feeling he is a bit of a risk-taker - remember he did give Kraken the go ahead.

londoner
The AIS isn't very good at the moment therefore SN got right up to AK before she could be observed - in view of what you have said a more accurate time for hook up is closer to 13.00BST.

Marine Traffic have changed the features on their website - this means it is no longer possible to check times using their pass track feature - therefore observation is the only 100% accurate way to be sure of hook up time.

Myo

Sorry that didn't make sense - I meant -

the inevitable outcome would be that the new products would have to have a manufactured nitrogen component - this would I think ruin SM's green credentials.

Myo
I wasn't trying to push Poly4 into an organic only status. My concern was that if additional products are included in the SM range - including an NPG mix - the inevitable outcome would be that the new products wouldn't have to have a manufactured nitrogen component - this would I think ruin SM's green credentials.

So I think that SM should just market and sell Poly4 under its own name and other polyhalite products should be marketed and sold in partnership with other companies but without the SM name or Poly4 logo.

Sorry, I missed the exact time but if we go for mid day we wont be far out.

Pelle

Yes, but you have to question if AB is of the same mindset - maybe he is already looking for the next big project???

I guess shale reserves in the US are governed by environmental factors but if they discard the environment - as they seem to - then this pantomime could carry on for longer.

There are even reports of fracking sites being planned in National Parks - Trump has removed most of the protection and funding for these areas.

ICL's success today is SM's success in the future.

Potential investors now have the assurance that polyhalite isn't just an untested new product - they don't need to take a punt on that - it is now an established and valuable fertiliser that is in high demand throughout the world.

Another aspect of the Indian Torp is that it will probably have needed some sort of political endorsement from the Indian Government and more importantly an ongoing subsidy from them - maybe that is why it has been such a long time coming and it involves a cop-op rather than a foreign firm.

The financial markets have been spooked by Trump's comments on Chinese tariffs, the Euro Zone and Mexico this morning

This summary today from Daily FX underlines traders fears.

"Crude oil prices fell alongside stocks as US President Donald Trump stoked trade war fears, weighing on market-wide risk appetite. The self-styled “tariff man” said the Euro is devalued against the US Dollar, once again hinting that tensions with the currency bloc may be on the horizon.

Mr Trump also claimed that there is more to his agreement on immigration with Mexico than has been publicly revealed, which the government there has forcefully denied. The White House aborted a tariff hike on Mexican imports planned for earlier this week, citing a would-be breakthrough.

Finally, the President revealed that he is the impediment to US-China trade agreement. “Its me...holding up the deal [and] we’re either going to do a great deal with China or we’re not going to do a deal at all,” he said. In all, the comments were understandably worrying for already shell-shocked investors"

Poly4 is just what India needs - all that spent out exhausted soil - mix Poly4 with bulky organics - they have plenty - and they could achieve their aim of doubling production - that's if they can work out the logistics - I guess a far reaching co-op will have the best chance of good distribution.

NS is currently stopped 10 nautical miles to the south east of AK ideally positioned for the hook up.

The weather is quite lively for the time of year but OK for hook up - wind direction is constant from the north east.

SN is well placed, just over 20 nautical miles to the south of AK , for a hook up tomorrow morning.

The weather is as forecast, quite lively for the time of year, but should be OK for the hook up.

Dark Knight
I read a report that they were increasing production significantly by extending the area each well covered by increased horizontal fracking - even encroaching on adjoining wells - maybe this is why the well count has reduced but production has increased?

As for the figures that stinks of corruption.

No, I am not saying that it should just be targeted at the organic market but the specific Poly4 product is an environmentally clean product and that should be preserved - how the end user uses it is up to them.

I see polyhalite and Poly4 as two distinct products anything goes for polyhalite but Poly4 is the flagship product with the green credentials and it should define SM as a company.

Company image is all important a healthy company with green credentials, in a National Park - with a 100% green product .

Scotman
I am not sure that there is a cost effective nitrogen source that could be mixed with Poly4 that would retain the environmental USP.

It is totally up to the farmer how they use Poly4 or what they mix it with.

I would just sell Poly4 as marketed by SM and then use commercial partners to market polyhalite in other mixes - one step removed.

Poly4 is special and unique it deserves its own platform.