by Travis Johnson, Stock Gumshoe | May 7, 2010 2:52 pm
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Thanks for the good work, Travis.
I wonder what is the main difference between YONG products and its competitors’, like CGA and CAGC and those you mentioned? They all seem to produce sort of humic or amino acid out of coal ash or something. I don’t know much of agriculture. Obviously, it is interesting. If their products work, the market is certainly big. China not only has a large population, but also it lacks arable land and the arable area keeps decreasing. So good fertilizers do help.
I posted this comment in a wrong place and don’t know how to delete it.
As I cited earlier, my portfolio emphasizes commodities: Agriculture, Energy, Precious Metals, Base Metals with a small amount in Biotech, Banking, and miscellaneous categories. I currently hold 67 positions.
In agriculture which represnts 14.65% of my portfolio I have: POT, BG, MOS, CGA, SYT, ADM, YONG, HNZ, MTW, VTRAF, SQM– the latter in descending order of total value. Yongve represents 7.8% of my agricultural holdings.
I’m neither a chemist nor a geologist, but have a smattering of knowledge about lignite. It began in another galaxy, not lifetime, when synthetic fuels were considered a must for American economic survival, regardless of the cost. If you are good at history, you would pinpoint mid-1970s and the Great Plains Coal Gasification Plant in North Dakota. In my introduction to the material, it was described by a smart engineer as combustible dirt – high in moisture content and low in BTUs. About 20 years later, or so it seems, Texas Utilities began using the stuff as boiler fuel for electric power generation, building mine mouth plants in East Texas. That background made it hard to figure why YONG decided to buy a stake in a lignite project, but the humic acid angle now makes sense.
Thanks, Mike