MOS - MOSAIC CO COM - Page 6

MOS is all over the board on these earnings news

similar to POT, both have been falling for 6 days until this morning I noticed that buying volume in call options for Sept 50 call is unusually high. Keep an eye on this

commodity sector will get more interesting into the next few days

i bought 50 sept 55s today at 1.30. like the heavy call volume. good things to come?

In short term, I believe so, despite the major bearish sentiment throughout the market. Also, refer to the other thread (IPI)

commodities looking good obviously. weaker dollar helping here...

Up big recently. Had a nice formation and breakout.

Someone actually just died in the K2 mine mosaic runs in Saskatchewan. But from what I hear, he was farking around with the equipment

earnings coming up, perhaps i would get in before next week.

Anyone watching this? The March 70x and 75x calls are getting some volume action today

Yeah Nice looking chart, def on my radar. MACD potentially about to crossover. 1.3 beta which might kill the technicals

Yep, we're in FULL recovery folks

Mosaic phosphate mine shut down, 140 lose jobs

By KEITH MORELLI | The Tampa Tribune

About 140 mining employees of the South Fort Meade Mosaic phosphate mine were told not to come into work today and the mine shut down, two weeks after a federal judge threw out the permits to expand the operation.

The judge ruled the permitting agency, the U.S. Army Corps of Engineers, did not go far enough in considering alternatives that would have less of an impact on the environment.

The injunction entered by U.S. District Court Judge Henry Lee Adams Jr. in Jacksonville halted the South Fort Meade mining operation, one of the largest run by Mosaic. The permit would have allowed the company to expand the operation by 10,000 acres into Hardee County over the next 10 years.

On Friday, the employees were told not to come into work, said Mosaic spokesman Russell Schweiss. Those employees will continue to be paid until Sept. 12, he said. Today, the company plans to file an expedited appeal of Adams' ruling with the 11th U.S. Circuit Court of Appeals in Atlanta.

"This mine produces 30 percent of our phosphate rock," Schweiss said. Mosaic is the world's largest producer of phosphate, which is used in making fertilizer. "This has a significant impact not only on us but potentially on farmers as well."

Without the expansion, operating the current mine is not feasible, he said Friday morning, so "we are shutting the mine down today."

When the ruling was issued two weeks ago, employees began getting notices of possible layoffs, he said.

"These families are losing their livelihoods today," Schweiss said, "because of an uncompromising and irresponsible mining agenda by the Sierra Club.

Monica Reimer, with the Earthjustice Legal Defense Fund, is one of a group of attorneys representing the Sierra Club and other environmental groups that joined in the injunction petition. She alleged collusion between the Corps and Mosaic.

The Corps typically issues the permits without notifying anybody, she said, and that happened in this case.

"The only way anybody finds out is that all of a sudden a drag line shows up across from somebody's back yard," she said, "which is what happened here. Someone who lives in the neighborhood complained.

"The Corps and Mosaic are joined at the hip," Reimer said. "The feeling is very much that's what happened here. A deal was made. A permit was issued and they zip out there with drag lines."

She said if the mine is allowed to expand, there would be a significant degradation of the ecology of the Peace River basin.

"The expansion was along river and its tributaries," she said. "They are going to destroy miles and miles of streams."

The temporary injunction put a stop to the expansion and basically shut down the South Fort Meade mine. The permitting process had taken seven years and involved 14 regulatory agencies, Schweiss said. In granting the permit, the Corps had reviewed 100,000 pages of data and issued a 2,500-page document backing up its decision to grant the permit, he said.

The permit request had "undergone a tremendous amount of scrutiny," he said, "but no detail is too small for the Sierra Club to file on."

Richard Mack, Mosaic's executive vice president, said the company is disappointed by the ruling, but plans on an expedited appeal.

In a statement to Mosaic investors, Mack said: "We do not believe the decision was supported by the overwhelming facts supporting the Army Corps' decision to issue the South Fort Meade permit. This permit has received a higher level of scrutiny and contains more environmental protections than any prior Florida phosphate mining permit."

this is really bad....they've already had massive lay offs from last year & the year before...that county is in serious trouble with unemployment right now..most people there have run out of options.

Highest unemployment in the state of Florida in that county.

http://www.google.com/publicdata?ds=...mployment+rate

I think MOS will not pass $90 

 

Agreed. MOS and POT were trading at about 12x 2011 earnings when POT was made a buyout offer. They have run up to 20x 2011 earnings now. I believe earnings estimates will rise, but for right now the AG sector should have a pullback. Excluding CF because they are last to report this coming week and trading at 12x 2011 earnings estimates.  

I think these guys will go higher, with pullbacks along the way of course. But agri's r the play this year. IMO i think MOS can hit 120 by years end..

not disputing that. i think earnings will rise. but trading at 20x 2011 earnings 6 weeks into the year is pushing it. I am waiting for a 10% pullback in these stocks before jumping back in. 

MOS leading my list of ag names today +3%

 

That was a long green tail on the candle yesterday, a bullish sign that panned out perfectly for today.

 

Sitting on great support, up on a bad tape day, and it got some upgrades. I got some June 70x calls for a quick bounce play.

ahh, up about 20% since I posted :)

 

let's see if we can get a run to ~70 before I sell. I'm looking for some pumping tonight being this is one of the few things up today and the sector in general is up because of it.