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The Mosaic Company Message Board

  • milachka2001 milachka2001 Aug 2, 2013 5:12 AM Flag

    Uralkali CEO interview

    Video can be found on the Uralkali homepage.

    "Vladislav Baumgertner on new strategy to Bloomberg"

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    • Can't find the interview.
      can you tell me where it is?

    • Thanks for that...glad that is was in English. The key points that I got from the interview are:
      1) Uralkali share price took a huge hit on the announcement.
      2) No one (not even the Uralkali CEO) believes that increasing production and selling for less is a smart strategy.
      3) Uralkali CEO says open to re-partner with Belarusians.

      Add them up...This was all a calculated plan to renegotiate better terms with the Belarusians AND to discourage others from getting into the potash business. Based on what has happened to Uralkal stock and their bonds, it was a miscalulation. The CEO will be pressed to undo the damage. Expect to hear that they are in talks with Belarus...this will get back half the recent losses.

      More good news...For any company looking to get in the potash business, they are probably going to reconsider and will have a much harder time getting financing. The payback for a potash mine is worth it when potash prices are above $500/MT...but the thought of $300/MT crushes the plans for new mines, new competition, and more supply. This will effectively limit supply, and help sustain potash pricing power.

 
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