One would expect, baring a disaster, that we can be reasonably confident that the price will be underpinned at 66c. As suggested possibly higher if Dingyi needs to get over the line before end of Oct or other offer/s are in the wind. As I stated earlier another party (major) was interested later in the peice which I think helped push Dingyi to making the offer 30/6 or we may have been waiting another month for what we now have. Hopefully 'they' or 'them', if any else have their eye on it, will see it as a base line given the attractive nature of the resource and given more time to get something together come back with a better offer. Downside - Neither confidence or money awash these days. Upside - A number of countries buying land in Africa for cropping, let alone the rest of the worlds need fertilizer. My guess is long term Africa will be a huge food/grain producer. I think that is why the Chinese have bought land there and now the fertiliser.
K2P Price at posting:
56.0¢ Sentiment: Hold Disclosure: Held
