Australian Shares Sparty's Blog
Comments on this blog should never be taken as investment advice
Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy.
Main Forum•Phosphate looming supply gap... MAK & UCL sitting pretty
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A few years ago (pre-GFC) there was a lot of interest in Phosphate as a supply side shortage loomed... and in the context of increased demand due to bio-fuels and increased food requirements the prospect of "peak" phosphate was increasingly referenced. It now appears that Australian ASX listed companies will go a long way to averting a supply crunch.
From MAK's latest ASX release it would appear that Phosphate is again about to become a "hot" topic.
As can be seen below Australia's ASX listed companies have a large amount of the world's phosphate and MAK's Australian Wonarah rock phosphate deposit is one of the world's largest.
MAK is extremely well placed to help fill the emerging supply gap and UCL with ~half of MAK's massive Namibian project has perhaps the world's cheapest EV/Phosphate Resource in the world.Surprisingly the market has neglected both MAK and UCL and both represent "bargain buying" in world terms.....
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Hi Sparty, MAK's position as the next large world producer of phosphate seems undeniable. The question is whether there will be money enough around in the post GFC2 to buy the phosphate / fertiliser that is needed. Will the next few years see a rise in the phosphate price. MAK indicate that the price of phosphate will rise. I'm not so sure. BUT I cannot see MAK as a share going wrong. It is a great pick. Cheers Sparty.
