says
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hahaha, yeah, that would help
It's showing now...
Nice fish!
Your pic doesn't show.. :(
Bahahaha!
You were one of the 'cool' kids
As soon as you said 'key' that song popped into my head lol
Yep!
"Back in the day..." lol
I had an 8 track! :p
I'm happy with my buys at .45 almost 4 years ago, and happy with my buys at $6 as well.
Please provide a link as to the pump and dump, thank you.
Nah, it'll be the yellow ladder...
She's on the ice, staring at the hole...
haha, I saw that, unreal lol
Yep!
So busy that I've needed to get mine in for 2 weeks, still waiting... lol
We're just below freezing, pretty nice day out there
Good, thanks! Busy at work
And yourself?
haha!
Nice pic... lol
My buys usually go through CSTI
I use TD Waterhouse
I'm wearing shorts too
Hell has frozen over...
Cool! Take a pic and post it!
We were melting a few days ago, freezing again, now it's supposed to get nice again.
Bi-polar weather haha
hahaha! It was actually melting here a couple of days ago, now we're back in the freezer.
woo hoo!!
Good post Whazoo
No doubts about it.
It's only a question of when.
My bad, was thinking regions
Central America is not part of North America...
Potash Corp. profit plunges on lack of Asian sales Add to ...
PAV JORDAN - MINING REPORTER
The Globe and Mail
Published Thursday, Jan. 31 2013, 6:25 AM EST
Last updated Thursday, Jan. 31 2013, 10:18 AM EST
Slumping demand in Asia saw Potash Corp. of Saskatchewan Inc. turn in a much worse than expected fourth quarter, driving its shares down by nearly 3 per cent on the Toronto Stock Exchange early on Thursday.
The Saskatoon-based company said demand for potash, a key crop nutrient that helps make plants more resistant to drought and disease, would pick up in 2013, but challenges facing the massive Indian market will likely persist.
“Our fourth-quarter results were adversely affected by weaker performance in all three nutrients as global fertilizer markets paused in the absence of significant immediate needs and amid lack of direction, particularly in phosphate and potash,” Potash Corp. president and chief executive officer Bill Doyle said in the statement of results after a lacklustre year marked by falling prices.
“We recognize that ebbs and flows in fertilizer demand will always be part of our business, but we believe the factors that limited demand this past year – destocking and deferred purchases – will begin to drive an even greater need for our products in 2013 and beyond,” Mr Doyle said.
Potash Corp., the world’s largest fertilizer producer and the dominant potash miner, reported profit of just $421-million for the last three months of the year, or 48 cents a share, below analysts’ consensus expectations of 57 cents a share. The result was also impacted by a $41-million provision for settlement of antitrust claims in the United States.
In the year-ago period, the company reported profit of 78 cents a share, or $683-million.
The company said a late-season slowdown in global potash demand was more pronounced than usual as buyers awaited clarity on contract settlements with Asian customers.
Shipments to offshore markets are down a whopping 43 per cent in the fourth quarter.
“Agriculture is inherently an unpredictable business – from variability in weather and growing conditions to government policy changes that can affect the decisions of farmers,” the company said.
Potash prices are around half where they were in 2008, after a five-year run saw them peak near $1,000 a tonne on the back of booming demand from China, India and Brazil.
That was just as the global economic crisis was gathering steam, and prices plunged to as low as $300 a tonne as farmers stopped buying potash, the crop nutrient that helps make plants more resistant to drought and disease.
The prices have edged up again since then, but stubbornly low-volume buying in India in particular but also China has held back a much anticipated market rebound.
Mr. Doyle said the outlook for 2013 was brighter, for the company and for the potash industry in general, predicting global shipments of the key crop nutrient to be as high as 57 million tonnes, nearly 12 per cent higher than in 2012.
The rise should be driven by strong demand from North American during the spring planting season and robust buying in Latin America, where agriculture giant Brazil has been buying since the year started.
A question mark continues to hang over Asia, however, where some of Potash Corp.’s largest buyers resisted signing new long-term supply contracts in recent months.
A deal early in the year with China’s Sinofert Holdings Ltd. broke a months-long stalemate but saw Canpotex Ltd., the offshore marketing company controlled by Potash Corp., Agrium Inc., and Mosaic Co, sell to its largest customer at a major discount to year-ago prices.
A deal with India is expected to be signed in the first quarter, and while demand is seen rising in 2013, Potash Corp. was not hopeful buying conditions would improve meaningfully. Indian farmers have stayed largely away from the potash market in recent years as reductions in government subsidies drove up retail prices.
Potash Corp. forecast earnings for the year of between $2.75 and $3.25 a share, compared to 2012 earnings of $2.37 a share.
http://www.theglobeandmail.com/globe-investor/potash-corp-profit-plunges-on-lack-of-asian-sales/article8030413/
POT comes up in my local news... :)
haha! Things are good J, hope all is well with you as well!
H
Me too.
I saw this this morning as well.
Big 3 potash miners to pay around $100M to settle U.S. antitrust cases
PotashCorp, Agrium, Mosaic deny any wrongdoing
The Canadian Press Posted: Jan 31, 2013 8:33 AM CST Last Updated: Jan 31, 2013 8:32 AM CST
Most of Canada's potash is mined in Saskatchewan, where PotashCorp, Mosaic and Agrium all have major operations. (CBC)
The three biggest Saskatchewan potash producers have settled antitrust lawsuits in the United States, but deny they did anything wrong.
Saskatoon-based PotashCorp and Plymouth, Minn.-based Mosaic Co. said in separate releases Wednesday they will each pay a total of $43.75 million to settle the claims, which have been pending since 2008.
Calgary-based Agrium said in its own release it will pay a total of US$10 million to settle claims by plaintiffs who alleged pricing of the crop nutrient potash violated antitrust laws.
The settlements are subject to court approval.
The three fertilizer companies deny any wrongdoing and say they decided to settle to avoid the cost and distraction of a protracted legal fight.
In a release, Potash CEO Bill Doyle said the allegations are "completely without merit" and pointed to broader problems with the U.S. legal system.
"This settlement serves as another example of the well documented abuse of class actions in the United States where self-interested plaintiffs' attorneys enlist nominal plaintiffs — some of whom have served in that capacity in multiple class actions — to assert meritless claims in lawsuits where neither the plaintiffs' lawyers nor their clients have anything to lose but in which defendants face the enormous burden, distraction and expense of litigation even though we did nothing wrong," said Doyle.
"This is simply a wasteful and unnecessary cost of doing business in the United States."
Also Wednesday, Potash announced its board of directors has approved an increase to its quarterly dividend from 21 cents to 28 cents.
Potash is set to report its fourth-quarter and full-year results on Thursday.
Potash, Mosaic and Agrium jointly own Canpotex, a Vancouver-based firm that markets Saskatchewan potash globally on their behalf.
© The Canadian Press, 2013
http://www.cbc.ca/news/canada/saskatchewan/story/2013/01/31/sk-potash-settlement-1301.html?cmp=rss
I like that! :)
He should be booted from the board, the shameless pumper.
It's a disgrace
P2O works
:)
You're right, I forgot the 'eh?'