Ann: Prospectus for Non-Renounceable Pro-Rata Rights Issue, page-41

I agree with your hypothesis unrewarded. There are many possibilities and yours is just one of them. For example, because of US tariffs China reduces its US debt holdings and uses the money to

- purchase agriculture/fertilizer assets around the world
- increase crop production at home boosting potash demand
- increase crop production in other countries, like they are doing in Brazil with soybeans

So China buys us out at 18c or Mick and China buy us out or potash prices skyrocket and every man and his dog buy us out or a meteor hits LD and our potash is blasted in an easterly direction and lands in lake mackay They could do with some grade

I do enjoy a bit of strategy so what's your thoughts on why this entity hasn't done this and instead went with a capital raise? If that's your plan then the time to do it would be now instead of risking a price rise etc. - unless you plan to simply put that blocking stake back on the market