Investing in Salt/Grit

gb153

Hi everyone,
I've just started trading stocks and commodities about 2 months ago. I'm using GFC markets as my online broker. It's quite good but the options for what to invest in are a bit limited.

I was wondering if anyone has ever invested in salt or grit? We were undersupplied last year with the cold snap. I know there are salt mines in Antrim that supply Ireland, UK and the US but I don't know which company sells the stuff and also if they have shares that can be invested in. Are there significant stock price changes each season?

After a quick online search I've also found out that salt and grit are different substances with slightly different purposes but the terms are frequently used interchangeably. Anyway with the possibility of a similar winter this year I would be glad to hear any thoughts on this or if anyone has any previous experience with it.

pirelli

gb153 wrote: »

Hi everyone,
I've just started trading stocks and commodities about 2 months ago. I'm using GFC markets as my online broker. It's quite good but the options for what to invest in are a bit limited.

I was wondering if anyone has ever invested in salt or grit? We were undersupplied last year with the cold snap. I know there are salt mines in Antrim that supply Ireland, UK and the US but I don't know which company sells the stuff and also if they have shares that can be invested in. Are there significant stock price changes each season?

After a quick online search I've also found out that salt and grit are different substances with slightly different purposes but the terms are frequently used interchangeably. Anyway with the possibility of a similar winter this year I would be glad to hear any thoughts on this or if anyone has any previous experience with it.

Well considering the undersupply would be only a few weeks it would also cost the supplier/company alot of money to outsource machinary to deliver the surplus material. The buyers being large goverments would also most likely have contracts at set price and other measures to prevent manipulation.

If there was Grit factory that was public than it would be interesting to see if there are cyclical fluctuations but it wouldn't be a true cyclical stock like Fruit companies because they are not guaranteed snow and are not guaranteed severe weather. So in that sense they would be mostly a big loss almost every year and... it is hard to imagine a stock that spikes only every few years for a weeks over winter as reliable. There is a stock hiowever that does just this. It is called NSMG and if you look at the chart you will see that a mere $150 dollars invested right now today would reap you at peak season $2456 dollars. That has been reliable now for many years. Many people that trade options have to accept they can lose all of their money. With NSMG the risk is having your money devalued and not seeing the share price ever rise again or having to sell to a wide spread if it goes nowhere but at least you still have those pesky shares with options you get nothing. Seriously $150dollars for a $2450 dollar upside in April-March sounds like a much better prospect.

http://www.google.com/finance?q=nsmg

Another idea would be to invest in Lemons and maple syrup on Pancake tuesday. Just jesting.



Anyone heard about Providance Res getting a licence to drill for oil off the Armagh coast?

pirelli

pirelli wrote: »

Anyone heard about Providance Res getting a licence to drill for oil off the Armagh coast?

Up 50% and I read about this in the Mirror! :eek: The irish market is well slow.