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Message: We're running low on Potash

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novaera

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Re: We're running low on Potash

in response to We're running low on Potash by Neptunos

posted on Jan 22, 09 09:22AM

I don't know if any of you caught this and I quote:

"Potash Corp. of Saskatchewan (TSX: POT.TO) said Thursday an ongoing demand for fertilizer and lower corporate income taxes helped triple the company's full-year earnings and pushed fourth-quarter profits to twice year-earlier levels."

Yes triple the company;s full year earnings. Now I know API is no Potash Corp but the demand for Fertilizer AND the reduced corporate taxes will seep on over to the junior market. The stock price is above the 50 day moving average but well below the 200 day moving average. Which means a price correction is imminent

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