2million traded today. Tomorrow will be busy as well. One thing VALE have is huge numbers of empty bulk carriers arriving at their IO port on the Atlantic Coast. Why not have these vessels stop at Brazziville on way back from Asia and collect potash for use in Brazil? Def suits VALE to diversify out of IO. Wonder if BHP even know this exists? I know they are sniffing around Ethiopia so must have an eye on ELM. imagine if a TO was announced... only to be followed by a counter-bid from a rival firm. Def shaping-up as a huge project at the right time for world food needs. Don't think today's 14% leap means you have missed the rally. PFS due very soon. Real potential here imo.... albeit with highish risk.
K2P Price at posting:
79.5¢ Sentiment: Buy Disclosure: Held