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Intrepid Potash (IPI)

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Last Post: 11/2/2020 9:00:29 PM - Followers: 20 - Board type: Free - Posts Today: 0

Intrepid Potash http://www.intrepidpotash.com/ We are the largest producer of muriate of potash (MOP, or potassium chloride) in the U.S. and are dedicated to the production and marketing of potash and langbeinite (sulfate of potash magnesia), another mineral containing potassium. Potassium is one of the three nutrients essential to plant formation and growth. Since 2004, we have supplied, on average, 1.5% of world potash consumption and 8.5% of U.S. consumption annually, and we have supplied a considerably higher proportion of the potash consumed in the southwestern and western U.S., our core markets. We are one of two exporting producers in the world of langbeinite, a low-chloride fertilizer that is better suited than MOP for chloride-sensitive crops. We also produce salt, magnesium chloride and metal recovery salts from our potash mining processes. We own five active potash production facilities—three in New Mexico and two in Utah—and we have the nameplate capacity to produce 1,200,000 tons of potash and 250,000 tons of langbeinite annually. For the nine-month period ended September 30, 2007, we sold approximately 679,000 tons of potash and approximately 132,000 tons of langbeinite, an increase of 31% and 91%, respectively, over the comparable period in 2006. We own two development assets in New Mexico—the HB Mine, which is an idled potash mine that we are in the process of reopening as a solution mine, and the North Mine. We expect that the expansion opportunities at our operating facilities and the HB Mine will increase production by an aggregate of over 370,000 tons of potash and langbeinite annually over the next five to seven years. Our principal assets include: Two conventional, underground potash mines in Carlsbad, New Mexico—the West Mine and the East Mine—and the North Facility compaction plant. The West Mine has the nameplate capacity to produce 510,000 tons of potash annually. Potash from our West Mine is processed at our North Facility compaction plant. The East Mine produces two products, with the nameplate capacity to produce 390,000 tons of potash and 250,000 tons of langbeinite annually. The East Mine mill is a dual potash and langbeinite facility that uses a first-of-its-kind milling process. Two potash facilities in Utah—the Moab Mine and the Wendover Facility. The Moab Mine uses solution mining methods to extract potash and has the nameplate capacity to produce 180,000 tons of potash annually. The Wendover Facility collects potash from natural brines and has the nameplate capacity to produce 120,000 tons of potash annually. Both of these facilities use low-cost solar evaporation to recover potash. Two development assets in Carlsbad, New Mexico—the HB Mine and the North Mine. The HB Mine is an idled potash mine that we are in the process of reopening as a solution mine. We expect to commence Phase I of the project in 2008, with production beginning in 2009. We believe Phase I has the potential to ultimately add up to 150,000 to 200,000 tons of additional low-cost potash production annually by 2011. The North Mine is another idled underground potash mine that we may choose to reopen in the future and that already has in place mine shafts and much of the transportation and utility infrastructure required for operation. Company History Intrepid Mining was formed in January 2000 for the purpose of acquiring the Moab Mine from PCS. The Moab Mine was a solution mine which had experienced sustained declining production. Our management team stabilized production volumes at nearly twice the pre-acquisition level by applying horizontal drilling technology that is commonly used in the oil and gas industry but had never before been used to mine potash. We observed that potash from Moab shared markets with potash produced in Carlsbad, New Mexico and in Wendover, Utah. Accordingly, we formulated a strategy to acquire assets in those areas in order to consolidate marketing efforts and effect operating synergies. We acquired the assets of Mississippi Potash, Inc. and Eddy Potash, Inc. in Carlsbad, New Mexico from Mississippi Chemical Company in February 2004. In April 2004, we acquired the potash assets of Reilly Chemical, Inc. in Wendover, Utah. DISCLAIMER: Opinions expressed on this board are just that. Opinions. We are not a licensed brokers. Trading strategies discussed on this board are often high risk and not suitable everyone. If you are losing money in the market, you may wish to seek the advice of a licensed securities professional. No one is responsible for your gains or losses in the market except you. If you follow stocks, strategies discussed on this board, you may lose all your money. Please weigh the strategies discussed here carefully against what you are willing to risk. Please do your own due diligence before buying or selling any security in the open market, there are no guarantees. - Join the email list today!
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IPI News: Intrepid Reports Fourth Quarter and Full Year 2020 Results 03/01/2021 04:30:00 PM
IPI News: Intrepid Announces Date for Fourth Quarter 2020 Earnings Release 02/24/2021 04:15:00 PM
IPI News: Amended Statement of Ownership (sc 13g/a) 02/16/2021 01:15:26 PM
IPI News: Intrepid hikes potash price by another $50/ton 02/08/2021 05:17:41 PM
IPI News: Intrepid Announces $50 Increase to Potash Price 02/08/2021 04:15:00 PM
#380   BREAKING NEWS: $IPI Intrepid Announces Third Quarter 2020 Results whytestocks 11/02/20 09:00:29 PM
#379   News: $IPI Intrepid Announces Date for Second Quarter whytestocks 07/17/20 11:30:24 PM
#378   I see a 3+ by ER release. tdeck 12/22/19 07:29:10 AM
#377   Looking good here tdeck. Climbing it's way back up. Valuetrader 12/22/19 02:05:17 AM
#376   IPI looks like an interesting play tdeck. I've Valuetrader 11/17/19 07:50:42 PM
#375   Nice day, nice little rest from 2 days tdeck 11/15/19 04:17:01 PM
#374   Nice director buy this week 3 lots for tdeck 11/15/19 12:11:02 PM
#373   CEO bought shares! https://finance.yahoo.com/news/intrepid-potash-inc-ipi-exec- Justin 08/29/19 10:02:23 AM
#372   * * $IPI Video Chart 10-30-18 * * ClayTrader 10/30/18 05:26:47 PM
#371   * * $IPI Video Chart 04-25-18 * * ClayTrader 04/25/18 05:11:58 PM
#370   3 Things Intrepid Potash Management Wants You to Know cdrom 03/08/18 07:44:43 AM
#369   Agriculture is a challenging sector to be in conix 02/27/18 12:11:59 PM
#368   Setting up to break $5 for the first Longer Than Most 12/28/17 12:43:30 PM
#367   * * $IPI Video Chart 10-24-17 * * ClayTrader 10/24/17 04:57:19 PM
#366   IPI running Longer Than Most 09/19/17 09:23:25 AM
#365   Yesterday proved the strength of this stock. Brent108 08/04/17 02:16:17 PM
#364   3.9 going to be tested again here. A Longer Than Most 08/04/17 12:29:02 PM
#363   Pressure is building and 3.68 area showing strong Longer Than Most 08/03/17 12:37:45 PM
#362   We'll get to see how strong this is Longer Than Most 08/03/17 12:22:21 PM
#361   Next leg coming. Could hit 4$ now Longer Than Most 08/03/17 11:09:31 AM
#360   Looking at when IPI fell a few years Longer Than Most 08/03/17 10:52:03 AM
#359   Close enough to $4 for me. Thanks IPI! TheMonolith 08/03/17 10:43:30 AM
#358   3.68 has acted as strong resistance, but with Longer Than Most 08/03/17 10:20:02 AM
#357   3.68 has acted as strong resistance Longer Than Most 08/03/17 10:18:45 AM
#356   Very nice day here. Looks a potential gap Longer Than Most 08/02/17 04:08:40 PM
#355   Predicted this day 2 weeks ago. Sorry Brent108 08/02/17 04:00:53 PM
#354   3.5 could fall here EOD. Nice close could Longer Than Most 08/02/17 03:43:15 PM
#353   Could get fun here in power hour... Longer Than Most 08/02/17 02:34:05 PM
#352   Flushing out weak hands. 3$ acting as new Longer Than Most 08/02/17 10:53:57 AM
#351   IPI nice day! TheMonolith 08/02/17 09:54:07 AM
#350   Awesome gap up. Healthy dip to 3.3, would Longer Than Most 08/02/17 09:49:34 AM
#349   Looking for that 3.05 break Longer Than Most 08/01/17 12:33:09 PM
#348   Looking really good here! Keep on trucking IPI Longer Than Most 08/01/17 10:40:24 AM
#347   3.05 just fell. Resistance at 3.5 and then Longer Than Most 07/27/17 12:02:30 PM
#346   aGREED - maybe $4 soon? TheMonolith 07/27/17 11:51:52 AM
#345   Happened as I posted haha. IPI looking very Longer Than Most 07/27/17 11:12:35 AM
#344   This flies after 2.95 IMO Longer Than Most 07/27/17 10:23:12 AM
#343   Great close here. Expecting another push tomorrow. Could Longer Than Most 07/26/17 08:18:13 PM
#342   Expecting good news on August 2nd. Selling Brent108 07/20/17 05:06:03 PM
#341   Gonna be at 3$ before you know it Longer Than Most 07/19/17 12:22:12 PM
#340   Old resistance is now the new support. Volume Longer Than Most 07/19/17 12:04:46 PM
#339   If this breaks 2.8 then this chart will Longer Than Most 07/19/17 10:32:59 AM
#338   Wow looking nice here. Could close HOD and Longer Than Most 07/10/17 03:27:21 PM
#337   Insiders bought 10 million shares, why would you DayOldTrade 06/15/17 01:24:11 PM
#336   You like?? ?? Longer Than Most 06/13/17 08:24:10 PM
#335   * * $IPI Video Chart 06-13-17 * * ClayTrader 06/13/17 05:04:31 PM
#334   New high coming people! Longer Than Most 06/13/17 12:39:18 PM
#333   $3.04 is IPI's 52 week high. Buy high Longer Than Most 06/13/17 11:51:35 AM
#332   Would love to see this break 2.25 and Longer Than Most 06/01/17 12:59:55 PM
#331   So in short, yes. Break 2.3 and I Longer Than Most 06/01/17 12:14:33 PM
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