By: toddfatso
Yesterday (11:51 am) Yahoo! Profile:
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| bit of a bubble happening |
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By: flickjm
Yesterday (11:50 am) Yahoo! Profile:
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Phophate companies not doing well today could this be why?
Phosphate latest craze for investors
PURE SPECULATION: Robin Bromby | May 12, 2008 |
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By: flickjm
Yesterday (11:49 am) Yahoo! Profile:
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NO sooner does one mania finish, it seems, than another one is off to the races.
There was the uranium craziness, followed by mini-manias for various specialty metals and iron ore juniors. Millions of dollars was thrown at them all, but it appears that punters want to roll the dice one more time.
This time it's phosphate. Look what happened with Uramet Minerals (URM) and Krucible Metals (KRM) in the past few days. The former's stock shot up to an intraday gain of 250 per cent after it announced finding phosphate in grab samples at its Thorntonia project north of Mt Isa and -- more importantly -- next to the Lady Annie deposit controlled by Joseph Gutnick.
Krucible is also in the same neck of the woods and all it needed was for the mob to belatedly read the company's quarterly report and be reminded that it is sitting on land close to Phosphate Hill, the mine owned by Incitec Pivot (IPL). Krucible still has to get site clearances before it can drill, so it is very early days.
Yes, phosphate is going to be big. But, also yes, this has all the smell of the early uranium mania. Just as, 18 months ago, half the languishing juniors suddenly found potential for uranium on their gold (or base metals, or iron ore) tenements, now suddenly previously unsuspected phosphate indicators are being announced. |
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By: flickjm
Yesterday (11:49 am) Yahoo! Profile:
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How many years is it going to take these greenfields projects to get into operation? Who knows, but investors buying for a long-term position should heed the words from New Zealand on Friday.
Peter Mourits of NZ's largest fertiliser supplier, Ballance Agri-Nutrients, made two points. One, there is no shortage of raw materials reserves and, two, new projects are well into the planning stages.
He didn't cite examples, but we can. Morocco and Western Sahara have enough known phosphate to meet the world's demand at present levels for 300 years. And big money is going into new production, including a new mine in Morocco (the so-called Saudi Arabia of phosphate). An Indian company is to spend $US1.5 billion ($1.6 billion) to build a fertiliser plant in Mozambique, a country with large known resources of phosphate. And another Indian company has teamed up with Singapore money to develop new mines.
It is true that phosphate is going to be in huge demand to meet world food needs. But it's a long way from grab samples to bagging the end product.
One final point: there may be pauses in demand growth as fertiliser use is h it by price resistance. In the past few days, there have been reports that farmers in The Philippines may no longer be able to afford it, and that NZ farmers may use less superphosphate due to cost blow-outs. |
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By: tanned_oz
2 days ago (Sunday, 8:47 pm) Yahoo! Profile:
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| Better spec stock is cleanseas. Awesome upside. Tuna breeding is a fantastic opportunity for sales into china (unlimited sales opportunity) Take a look but DYOR |
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By: catsmad9
3 days ago (Saturday, 6:13 pm) Yahoo! Profile:
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Got to love the pork belly futures. Or maybe orange juice. Anyone remember Trading Places? LOL
CHICAGO (AP) - Grain futures ended Friday mixed on the Chicago Board of Trade.
Wheat for July delivery fell 17.5 cents to settle at $8.045 a bushel; July corn lost a penny to $6.2925 a bushel; July oats rose 1.5 cents to $4.13 a bushel; July soybeans added 48 cents to $13.58 a bushel.
Beef and pork futures rose on the Chicago Mercantile Exchange.
June live cattle rose 0.87 cents to 94.52 cents a pound; May feeder cattle added 0.58 cents to $1.0735 a pound; May lean hogs rose 0.85 cents to 80.22 cents a pound; May pork bellies up 1.75 cents to 80.45 cents a pound. |
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By: flickjm
4 days ago (Friday, 5:37 pm) Yahoo! Profile:
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| TGR - yes Catsmad I remember reading about them a while ago. Interesting one thanks:) |
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By: tanned_oz
4 days ago (Friday, 5:23 pm) Yahoo! Profile:
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| PAG the only way to go. Need to get into agriculature early as it is the next to go. Dont miss the next tech stock and mining boom@! |
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By: sweeney008
4 days ago (Friday, 4:44 pm) Yahoo! Profile:
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| Interesting heard a broker on Lateline business saying they are bullish on AWB due to strong wheat prices. |
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By: catsmad9
4 days ago (Friday, 4:00 pm) Yahoo! Profile:
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Tassel Group (TGR) is one I forgot to add to the list.
AWB Ltd (ASX: AWB.ax) , Australia's main wheat exporter, fell 3.8 percent to A$3.76.
JP Morgan downgraded its rating on AWB to underweight from neutral, saying that the recent rise in the firm's share price was likely overdone given the risk of a capital raising in the near term.
0323 GMT
* Salmon farmer Tassal Group Ltd (ASX: TGR.ax) rose 8.5 percent to $2.93 after it reiterated in a presentation to investors that it sees fiscal 2008 and 2009 net profit at A$21 million ($19.8 million) and A$30 million, respectively. |
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By: reynard2008@y7mail.com
6 days ago (Wednesday, 4:55 pm) Yahoo! Profile:
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what "makes me wonder" as you put it is how we, in the west, can tolerate regimes like this one (and mugabe and several others) and even conduct business with them whilst at the same time invade iraq and turn it back to the stone age and then pat ourselves on the back for having done such a good job for freedom and democracy
aung san suu kyi is the legitimate ruler of burma yet we have done nothing to support her and in many ways have helped prop up the regime that imprisons the rightful PM.
now this happens and those murdering *** s are still more interested in their own power than saving their people |
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By: ecchi.gaijin
6 days ago (Wednesday, 4:48 pm) Yahoo! Profile:
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| Seeing as how the government didn't warn anyone of the weather conditions, does this surprise you? |
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By: reynard2008@y7mail.com
6 days ago (Wednesday, 4:47 pm) Yahoo! Profile:
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the burmese government is refusing aid from the org *** ation best equipped to deal with this - the usa
what a pack of *** ers |
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By: catsmad9
6 days ago (Wednesday, 4:35 pm) Yahoo! Profile:
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This was a sad inevitable outcome. It is sickening also because the military government is delaying issuing visas to aid workers. Hopefully the more people that come in to help and the more media attention it gets will draw attention to this horrible regime.
Don't forget to donate to people and or animal charities to help with this devastating situation....just a thought. :)
Burma cyclone adds to rice stock pressure
Wednesday, 07/05/2008
The International Rice Research Institute is warning the cyclone in Burma will put further pressure on an already tight supply of global food stocks.
A cyclone hit Burma's key rice growing region, the Irrawaddy delta, west of the capital, Rangoon.
The World Food Program is already facing a shortfall in food aid, thanks to low crops in Australia, and other rice-exporting countries limiting their trade of rice stocks.
The Institute's Beth Woods says the situation will also influence the price for rice, and no country will go unaffected.
"So anything that knocks production and export capacity in South East Asia doesn't just affect South East Asia," she said.
"It's likely to make the situation for a lot of very hungry, very poor people in Africa worse as well.
"So we are really a very interconnected global economy these days." |
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By: flickjm
6 days ago (Wednesday, 11:57 am) Yahoo! Profile:
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| AAC getting sold down today. |
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By: sweeney008
6 days ago (Wednesday, 10:01 am) Yahoo! Profile:
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| Futuris Corp. (FCL) announced it won't proceed with a plan to sell its 43% stake in beef cattle producer Australian Agricultural Co. (AAC). Futuris announced the sale plan in October and aimed to complete it in the current calendar half, but despite the process generating significant interest and recognition of value in Australian Agricultural and Futuris' stake, none of the proposals it fielded had certainty of execution or timing, Futuris Chief Executive Les Wozniczka said. "Accordingly Futuris has elected to terminate the sale process immediately in order to bring the necessary certainty for its asset management and strategic planning," he said. In a separate statement, Futuris said earnings for fiscal 2008 are likely to reach the current range of market expectations. Underlying earnings before interest and tax are projected to grow strongly on the actual figure last fiscal year of $164.7m, likely reaching this fiscal year ending June 30, the higher end of a range of market forecasts of $154m to $183m. "Achievement of these projections would represent Futuris' strongest-ever six month operational performance," the company said. FCL shed 5 cents (2.31%) to $2.11 and AAC declined 6 cents (1.88%) to $3.13.(from Westpac Broking) |
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By: flickjm
6/05/2008
7:33 pm Yahoo! Profile:
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| Thanks Kraekan |
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By: kraekan
6/05/2008
4:34 pm Yahoo! Profile:
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| I should have said they also talk about a lack of certainty in the sale. Not sure what that implies. Not enough big buyers? |
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By: kraekan
6/05/2008
4:32 pm Yahoo! Profile:
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| Futuris has put its sale program of AAC on hold because of the strength in soft commodities. |
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By: sweeney008
6/05/2008
2:57 pm Yahoo! Profile:
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| IPL has a good presentation online re global food and soft commodities. JBWGS have been bullish on these for quite some time. I am even starting to think the IPL at its huge price might be a good buy. |
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By: flickjm
6/05/2008
12:47 pm Yahoo! Profile:
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| Not sure if the this is a new NAB outlook or the one referred to previously though. |
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By: flickjm
6/05/2008
12:46 pm Yahoo! Profile:
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http://news.ninemsn.com.au/article.aspx?id=457879
Farmers' relief as grain leads the way
Agricultural production is tipped to improve this winter as some farmers put the drought behind them and plant bumper grain crops.
Winter crop production will soar by 72 per cent to 38 million tonnes and significantly above the five-year average, the National Australia Bank's latest farm outlook predicts.
The regions which have had good rains - Western Australia, Queensland and northern NSW - will lead the farm surge.
But the survey is not all good news.
The outlook for much of Victoria, southern NSW and parts of South Australia is listed as "uncertain" and rice production has fallen by almost 90 per cent.
Low rainfall in some areas and the high price of fertiliser - which means less of it is used - overhang any major increases in yields.
The survey, by NAB's agribusiness bankers, comes as farmers start to plant winter crops in most areas following recent rains.
Good soil moisture in northern NSW had laid "a very good foundation" for an expansion in winter crop plantings in 2008-09, the survey found.
Wheat production in NSW is tipped to rise three-fold this season. Confidence in the state's livestock and dairy sectors remained positive, but harvests of irrigated crops are down because of drought.
Low rainfall was affecting Victoria, where the outlook for farm production "remains mixed", the survey said.
The wheat crop is tipped to be good, but conditions are below average in the irrigation districts.
Queensland had favourable farming conditions due to rain, which has boosted sorghum crops. Pasture is good, increasing confidence in the beef industry.
South Australia has average conditions, with some area *** by extremely hot and dry weather in March.
The SA heatwave accelerated the grape harvest, which was finished in two weeks instead of the usual two months. Australian wine production was expected to be between 1.55 and 1.65 million ... |
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By: flickjm
6/05/2008
12:33 pm Yahoo! Profile:
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| Profit taking? I think it is common with this stock to have some gyrations but the overall trend looks OK to me. Mind you I am no chartist:) |
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By: kraekan
6/05/2008
11:26 am Yahoo! Profile:
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| ABB took a big hit today. Bit surprising as the others I've been watching are holding up. |
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By: catsmad9
5/05/2008
10:18 pm Yahoo! Profile:
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Cont,
An essential ingredient in the agricultural process is fertiliser, which is generally made with an oil-based compound. As oil prices have doubled, so have food prices.
The final factor in food inflation is the emergence of the use of biofuels which are being billed as a sustainable way to wean us off our oil addiction while aiding in the fight against global warming.
Governments worldwide are introducing mandatory targets for the use of biofuels to be integrated with the use of traditional fuel.
The result has seen a disproportionate amount of crop being used for biofuel rather than food. It's disproportionate because it takes 240kg of corn to make 100 litres of ethanol (roughly the size of a Toorak tractor's tank). The same amount of corn could feed a person for a year.
Western countries are better placed to absorb the increasing costs of dietary staples. Australians spend roughly 15 per cent of household income on food. In developing countries it can be higher than 50 per cent.
The rise of India and China will continue to be the investment story of our time but the by-product will be scarce resources.
Smart investors will do well to recognise this trend and keep a close eye on those companies that are providing alternative resources.
Tread your own path! |
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