scale back, page-10

Expecting the scale back I applied for more than I wanted which has worked well in some ways, though I was scaled back a lot more than some of you because of the large parcel requested I suppose.

I believe where it ends up on the first day will be entirely determined by market conditions on the day. In the short term if it settles around 30c that would be an incredible buying opp which we may see eventuate.

Longer term as with POZ anything below a dollar is still well below 50% of my back of the envelope NPV calc (caveat - based on other company's announcements extrapolated to MET resource)...

As always a risky junior is what we have here but I like the risk return profile on fert stocks at the moment. Current market volatility makes it even more attractive IMO to hold stocks with cash and well connected management.