Chemical & Mining Co. of Chile Inc. (SQM)
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3 Month Chart
Here is the blah, blah on the company:
Chemical and Mining Company of Chile, Inc. engages in the production and distribution of potassium nitrate, iodine, and lithium carbonate worldwide. The company also produces other specialty plant nutrition products, iodine and lithium derivatives, and certain industrial chemicals, including industrial nitrates. Its specialty plant nutrition products include potassium nitrate, sodium nitrate, sodium potassium nitrate, potassium sulfate, and specialty blends. The specialty plant nutrients are used in solid or liquid form primarily on crops, such as fruits, vegetables, industrial crops, cereals, and cotton. The company's iodine and iodine derivatives are used in a range of medical, pharmaceutical, agricultural, and industrial applications, including x-ray contrast media, antiseptics, biocides, and disinfectants; and lithium carbonate is used in various applications, which consist of batteries, frits for the ceramic and enamel industries, heat resistant glass, primary aluminum, lithium bromine for air conditioner equipment, continuous casting powder for steel extrusion, pharmaceuticals, and lithium derivatives. Its industrial chemicals include sodium nitrate, potassium nitrate, boric acid, and potassium chloride, which are used in various chemical processes, such as the manufacturing of glass, explosives, and ceramics. The company's other products comprise potassium chloride and other commodity fertilizers. As of December 31 2006, it held exploration rights or exploitation rights to mineral resources representing approximately 1,799,441 hectares in Caliche Ore Mines; and had 6 mines covering an area of approximately 388,000 hectares. The company also held rights to exploit the mineral resources in an area covering approximately 196,000 hectares of land in the Atacama Salar in northern Chile. Chemical and Mining Company was founded in 1968 and is headquartered in Santiago, Chile.
Here are the financials.
Bottom Line:
I am long this stock.
Will add on dips.
Good luck all.
And as always, be sure to do your due diligence before purchasing any equity.
Good luck all.
And as always, be sure to do your due diligence before purchasing any equity.
2 Comments:
My name is Jason Gorman and I am 45 years old. My wife was taking 1200mg of Lithium Carbonate daily prescribed by the doctor for over two years. During this time no lab work was ever ordered. It built up in her system over a period of time. She was taken to the ER where she almost died. Her pulse was down to 31 and her blood pressure as low as 43 over 17. She under went kidney dialysis continuously for over 30 hours in ICU. She spent a total of 5 days in the hospital. I strongly recommend against taking Lithium. At least have periodic Lab Work done. Also if you do take this medication look up the side effects on the internet.
My wife has experienced some of these side effects-
Dizziness, Vomiting, Diarrhea, Confusion, Tremors, Muscle Weakness, Loss of Bladder Control, Inability to talk
I hope this information will be useful to others,
Jason Gorman
Jason,
My, my! I had no idea! Thank you for the info. It is appreciated.
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