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Finished up 7.5% at $129.02 with Intra-day high (& all-time high) of $132.49. http://www.sharescene.com/html/emoticons/lmaosmiley.gif


Are you sure we had (are in) a correction? http://www.sharescene.com/html/emoticons/unsure.gif


Touched $100 - middle of last week.


Guesstimates are fert will come back on market at ~$1,200/t.


DYOR & KYOIS. - I still don't hold.

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In reply to: krk004 on Friday 01/02/08 04:49pm

g'day krk


I read somewhere today that a lot of farmers may not be able to pay for the inputs to have the mother of all harvests. The claim is that the banks are just not willing to allow them to borrow any more money. There is the usual call for the Government to provide interest free loans to these businesses to get them through to harvest time but Tony Bourke has said that that is not on.


The government is now calling on the ACCC to look into the prices being charged.




You're right - IPL has stayed very strong. Too much for me. The only chance for me I think is if we are following (or even over-reacting to) the US stock market and that when the US has its big capitulation we follow them over the cliff. Not a nice thing to wish for though. http://www.sharescene.com/html/emoticons/sad.gif

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In reply to: triage on Friday 01/02/08 06:09pm

hi triage,

If farmers cant afford input costs, they really have no choice but to get out. With fertilizer, soil and leaf samples determine your inputs and if you try and save $1000 on fertilizer , you lose many times that in production. That is why they can keep charging these outrageous prices. It is about time the ACCC looked into these huge increases in cost and while they are at it hopefully they will have a look at why we pay more for diesel when it is cheaper to produce than petrol.

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In reply to: farmer fred on Friday 01/02/08 07:54pm

ff & triage,


With the lure of high grain & commodity prices, farmers will 'have a crack' and purchase substantial amounts of fertiliser this year - a lot have already prior. http://www.sharescene.com/html/emoticons/wink.gif


Some may back off, somewhat, in what they use, especially if they have not produced the yields from other years and with a view there may be some fertiliser 'left over'.


Don't worry, farmers will be doing what it takes to grab these commodity prices, especially your dryland variety who have had good early rains.


As for SP, just continues to amaze me! Has hardly taken a breath for 2 years - even with a couple of capitulations in the overall market, including the one that went into last week.


Has never given me an opportunity to buy, based on my 'rules' but have always got an eye on it's movements.


As an aside, NAM & MSF holding up okay - considering!



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In reply to: krk004 on Friday 01/02/08 08:34pm

Probably not many interested, but IPL hit $140 intraday.




For those lucky enough, 40% gain if were able to pick up on Jan 22!


Who wants to bet on a share split soon?


DYOR & KYOIS. - I still don't hold. http://www.sharescene.com/html/emoticons/sadsmiley02.gif

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From what l understand the Dyno deal (acquisition taret IPL holds 13%) is almost sorted


There we go, l predicted IPL's move on Dyno 6-weeks before it happened.


Just a lucky guess http://www.sharescene.com/html/emoticons/wink.gif



It's taken some of the wind out of IPL's sail anyhow.




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In reply to: pengo on Monday 14/04/08 05:23pm

P: Often wondered why the accent is always on penny dreadfull explorers when in fact the easier action comes in the producers.


In this instance not gold or copper, but Fertilser!!


How about a 500% rise in 16 months from something as basic as Fertiliser.


Mind you it clearly shows how devastating the effects of INFLATION are!!


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