APC 0.00% 0.1¢ australian potash limited

News: Initiation of coverage, page-3

  1. 7,936 Posts.
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    Worth a look, just hard to read when the first two analysts comments in the analysis section are false...

    RWD was flavour of the month in 2007-08 exploring and finding most of the todays SOP projects (the wheels fell off but beside the point, there was a crap load of potential potash around the place, RUM was also pushing a local SOP project for years). APC have just come out with bullish predictions for the SOP market which has grown at 5% per annum (its also a late stage commodity so you expect the coming 10 year growth average could be higher than the preceding period), see most analysts opinion point to the lack of viable supply from evaporation in the SOP market rather than too many projects. My take if other local SOP projects fail it will have nothing to do with the SOP market demand potential.
 
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