Potash

Most potash stocks were up last night in Toronto and NY stock exchanges.

STB is in a trading halt pending an announcement of its latest drilling results. While ELM went up by more than 5%. Sometimes I wonder how I managed to pick up these stocks. Lots of share tipsters are talking about big companies that should be going up in value, for example Newcrest.

Why bother with the big boys when the little ones are going up in folds rather than percentage points? Thanks to BHP's failed attempt at the takeover of Potash Corp, STB has gone up 13x and ELM 7X. And GMM is starting to creep up, too. It is too cold to drill in Mongolia in winter so when GMM finally find potash, it too will fly. Of course, if it finds nothing, then it is worth nothing.

RWD should sack its board and replace it with a team that knows how to deal with the Native Titles. Aborigines deserve a good profit. There is potash in Lake Disappointment in WA but it is the board that disappointed me.