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Fingers and toes crossed ... isn't that out of a Hip song :O)
done what do you guys like about Stetson ?
POWERED BY POTASH ONE
FOS gonna bounce off he 10 DMA for the next leg or come back to the 20.. ?
yes.. Brazil play .. see posts with earthfarm.. got the idea through him... (surprise LOL)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30050267
POWERED BY POTASH ONE
Started CZZ (Cosan not Canadian Royalties) 11.75.
less is more for me right now :O)
You mean to MAXIMIZE effect :O)
NO we want news marching towards feasibility or a fat buyout :O) but this is positive and its news.. The stock has a pulse..
I just wanted some excuse for a YEHAW or KABOOOM or WEEEEE etc :O)
POWERED BY POTASH ONE
Geez... I thought everyone passed out LOL...
doggie time...
From: Paul Kern 6/16/2008 11:22:32 PM
of 1305
Australia to Grow Less Wheat Than Forecast on Dry May (Update2)
By Madelene Pearson and Gemma Daley
June 17 (Bloomberg) -- Australia, forecast to be the world's third-largest wheat exporter, may produce 8.8 percent less of the grain than previously estimated after the driest May on record.
Output may be 23.7 million metric tons in the harvest starting from October, the Canberra-based Australian Bureau of Agricultural and Resource Economics said today in an e-mailed statement. That compares with its March estimate of 26 million tons and last year's drought-reduced crop of 13 million tons.
Above-average winter rain is forecast in Queensland and parts of New South Wales, with below-average falls expected in some of Western Australia, the top wheat-growing state. Prices are down 35 percent from a February record in part on expectations a bigger Australian crop may boost exports and ease a global food crisis.
``It's a very delicately poised number this year, it's probably going to gravitate below that number,'' said Simon Roberts, head of agricultural commodities at Australia and New Zealand Banking Group Ltd. ``A lot will be determined by weather.''
Wheat futures for July delivery fell 3.25 cents, or 0.4 percent, to $8.7325 a bushel on the Chicago Board of Trade in after-hours electronic trading at 10:42 a.m. Sydney time. The commodity reached a record $13.495 a bushel on Feb. 27. It's gained 15 percent in the past month on speculation that livestock producers will feed more of the grain to their animals after corn rose to a record.
Largest Shipper
The U.S. is forecast to be the world's largest wheat shipper, followed by Canada and Australia, according to the U.S. Department of Agriculture. Australia was the sixth-largest wheat exporter last harvest after drought cut output the past two years.
The bureau's revised forecast compares with a June 16 forecast of 24.3 million tons by National Australia Bank Ltd. and a 20 million ton to 24 million ton estimate last month by Rabobank Group. Both cited the dry weather in the southern hemisphere autumn. The USDA's June 10 prediction was 24 million tons.
``With the exception of Western Australia, the majority of Australia's winter cropping regions received below average autumn rainfall,'' the bureau said in the June crop report on its Web site. ``The lack of autumn rainfall meant many winter crops were dry sown or not sown during the optimal planting window as growers waited for rain.''
Australian farmers will sow a record 14 million hectares to wheat, the bureau said. The total area sown to winter grains will be 22.3 million hectares and output of all grains may total 37.1 million tons. Barley output may be 7.9 million tons and canola production is forecast at 1.7 million tons, it said.
`Widespread Rainfall'
``Widespread rainfall in early June in the eastern states provided the moisture for growers to complete intended cropping programs,'' the bureau said. ``Rainfall during the growing season will be critical to these production forecasts being realized.''
The chance of above-average rain is between 60 percent and 70 percent over much of Queensland and northeastern parts of New South Wales from June to August, according to the Bureau of Meteorology's Web site. In contrast, the south-west corner of Western Australia has only a 30 percent to 40 percent chance of above-average rain.
``If this rainfall outlook is realized, it is likely to have a negative impact on yields in Western Australia,'' the commodity forecaster said. ``Conversely the impact on yields in Queensland and northern New South Wales is likely to be positive.''
Crops sown in northern Western Australia state are starting to show signs of moisture stress because of below-average rain in May, it said.
To contact the reporter on this story: Madelene Pearson in Melbourne on mpearson1@bloomberg.net; Gemma Daley in Canberra at gdaley@bloomberg.net
Last Updated: June 16, 2008 21:43 EDT
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24681241
To: sPD who wrote (1303) 6/16/2008 7:37:27 PM
From: The Black Swan of 1304
:o) The tale of the tape
Here's the link: full text...http://www.tsx.com/en/news_events/news_releases/6-16-2008_TSX-NewListingKCL.html
Potash One Inc. To Trade On Toronto Stock Exchange
June 16, 2008
Potash One Inc. (the "Company") - An application has been granted for the original listing in the Mining category of 51,121,513 common shares of the Company, of which 42,646,172 common shares are issued and outstanding, and 8,475,341 common shares are reserved for issuance.
The common shares of the Company will be listed and posted for trading at the opening on Wednesday June 18, 2008.
The Company is subject to the reporting requirements of Section 501 of the TSX Company Manual.
Stock Symbol: "KCL"
CUSIP: 73755F 10 0
Trading Currency: CDN
Temporary Market Maker: Dundee Securities Corporation
Other Markets: The common shares of the Company have been listed on TSX Venture Exchange since June 19, 1980. The common shares will be delisted from TSX Venture Exchange on June 18, 2008, upon commencement of trading on TSX.
Head Office Address: Suite 1238
200 Granville Street
Vancouver, British Columbia
V6C 1S4
Email Address: info@potash1.com
Website: www.potash1.com
Head Office Telephone Number: (604) 684-9007
Toll Free: 1-866-684-907
Fax Number: (604) 408-4799
Investors Relations: Arlen Hansen
Kin Communications Inc.
Tel: (604) 684-6730
Email: arlen@kincommunications.comm
Chief Financial Officer and Corporate Secretary: George K. Lim
Incorporation: The Company was incorporated under the Companies Act (British Columbia) on May 21, 1976 as "President Mines Ltd.". The name of the Company was changed to Otish Mountain Exploration Inc. on April 25, 2002. On June 24, 2005, the Company was transitioned into the Business Corporations Act (British Columbia), and then on July 4, 2005 changed its name to "ISX Resources Inc.". On December 5, 2007, the Company was continued under the Business Corporations Act (Canada) and concurrently changed its name to "Potash One Inc."
Fiscal Year End: April 30
Nature of Business: The Company is a potash exploration and development company focused on developing potash deposits in Saskatchewan that are amenable to solution mining techniques. The principal property of the Company is currently Potash Exploration Permit KP-289 which covers an area of approximately 97,240 acres approximately 80 kilometres northwest of Regina.
Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal offices in Vancouver and Toronto.
Dividends: The Company has not paid any dividends or made any distributions since incorporation. The Company does not anticipate paying dividends in the foreseeable future.
Page Last Updated: June 16, 2008
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24680730
OK let's try this again... YAAAAAAAWNNNNNN
From: sPD 6/16/2008 7:27:21 PM
of 1303
Potash One to list on TSX on June 18
2008-06-16 18:41 ET - New Listing
TSX bulletin 2008-0646
An application has been granted for the original listing in the mining category of 51,121,513 common shares of the company, of which 42,646,172 common shares are issued and outstanding, and 8,475,341 common shares are reserved for issuance.
The common shares of the company will be listed and posted for trading at the open on Wednesday, June 18, 2008.
The company is subject to the reporting requirements of Section 501 of the Toronto Stock Exchange company manual.
Symbol: KCL
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24680694
TSX link: http://www.tsx.com/en/news_events/news_releases/6-16-2008_TSX-NewListingKCL.html
Yes my thought also.. Thanks again.
Interesting... Thanks earthfarm
Posted by: KastelCo Date: Monday, June 16, 2008 7:36:00 PM
In reply to: Ed Monton who wrote msg# 1046 Post # of 1047
YEEEEEEEEEEEEEEEEEEEEEHAAAAAAAAAAWWWWWWWWWWWWWWW!!!!!!!!!!
From: sPD 6/16/2008 7:27:21 PM
of 1303
Potash One to list on TSX on June 18
2008-06-16 18:41 ET - New Listing
TSX bulletin 2008-0646
An application has been granted for the original listing in the mining category of 51,121,513 common shares of the company, of which 42,646,172 common shares are issued and outstanding, and 8,475,341 common shares are reserved for issuance.
The common shares of the company will be listed and posted for trading at the open on Wednesday, June 18, 2008.
The company is subject to the reporting requirements of Section 501 of the Toronto Stock Exchange company manual.
Symbol: KCL
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24680694
TSX LInk: http://www.tsx.com/en/news_events/news_releases/6-16-2008_TSX-NewListingKCL.html
POWERED BY POTASH ONE
YEEEEEEEEEEEEEEEEEEEEEHAAAAAAAAAAWWWWWWWWWWWWWWW!!!!!!!!!!
From: sPD 6/16/2008 7:27:21 PM
of 1303
Potash One to list on TSX on June 18
2008-06-16 18:41 ET - New Listing
TSX bulletin 2008-0646
An application has been granted for the original listing in the mining category of 51,121,513 common shares of the company, of which 42,646,172 common shares are issued and outstanding, and 8,475,341 common shares are reserved for issuance.
The common shares of the company will be listed and posted for trading at the open on Wednesday, June 18, 2008.
The company is subject to the reporting requirements of Section 501 of the Toronto Stock Exchange company manual.
Symbol: KCL
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24680694
TSX link: http://www.tsx.com/en/news_events/news_releases/6-16-2008_TSX-NewListingKCL.html
POWERED BY POTASH ONE
Added to PRC 2.16. http://www.petroresourcescorp.com/
Cheap warrants working for us :O)
POWERED BY POTASH ONE
CHEW CHEW CHEW ?
HELL NO!!! Take BIG BITES.... Modesty is for monks...
from the Notebooks of Lazarus Long...
I don't know.. and I guess it depends upon time frames.. :O) It's all probabilities and sentiment looking at that stuff.. (voodoo ;o)
I'm sure Nortel filled a hell of a lot of gaps on its way to becoming a penny stock a few years back...
Looking at what KCL did it is certainly possible.. Too murky for me to place a bet.. in here.. Lot's of folks eying that gap though http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29914954
Ray... filled one Gap...
The next one is a waaaaaaaay down... No position.. just watching..
Over 570K shares traded already and green ...
Are my spidey senses tingling :O)
ooops... gotta dodge this guy... all those arms means lots of sell buttons ...
POWERED BY POTASH ONE
I have only 11 stocks (not including a couple of things that don't actually trade anymore) spread through 7 accounts..
I cannot remember when I owned so few issues..
cash gone from 44% Thursday to 22% Friday... Penn West and Connacher were responsible for the cash decrease..
Thanks, I just read this one:
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24678025
From: dvdw© 6/15/2008 8:41:05 AM
Read Replies (3) of 102937
Saturday June 14, 2008
Potential puncture in the oil bubble
Investing Scents by S.DALI
ACCORDING to Shell Oil president John Hofmeister, the “proper” range for oil should be somewhere between US$35 - US$90 a barrel.
Based on that statement and assuming it’s more or less accurate, what do you think we should make of the current oil price of US$130 - US$140 per barrel? How much of the spectacular rise in oil is due to speculation? That is important to determine as excessive speculation could basically drive prices much higher than its real demand-supply equilibrium.
Open interest in WTI oil futures has been growing exponentially at 18% per annum since 2001, thanks to the entry of non-commercial players. The entry of more non-commercial players and speculators generally mean they would be on the long-side of the futures and options.
Speculation stands out as the biggest culprit for the oil price boom.
Many reasons are being cited for the oil price boom – speculation, fundamentals, dollar weakness, fuel subsidies, inflation, low interest rates. All factors are playing a part at some time or another, with different factors dominating at various times.
But one factor stands out as the biggest culprit – SPECULATION.
Spike in speculation
According to Michael Masters, index speculators are the primary cause of the recent price spikes in commodities.
This is not selective information to back my view as he heads a highly respected fund management company – Masters Capital Management.
He recently (May 20, to be exact) delivered a testimony before the Permanent committee on “Investigations committee on homeland security and governmental affairs” to the US Senate. Hence his testimony carries a lot of weight.
Masters talked about the resurgence of several groups over the past five years who he deemed as newcomers to the “commodity speculation scene”. They are corporate and government pension funds, sovereign wealth funds, university endowment funds and other institutional investors. Collectively, they constitute the largest share of outstanding commodities futures contracts than any other group.
Masters refers to them as “index speculators” because they distribute their allocation of dollars across 25 key commodities futures according to popular indices, namely the S&P Goldman Sachs Commodity Index and Dow Jones AIG Commodity Index.
The rising interest in commodities was largely based on the assumption that historically, commodities have no correlation to fixed income and equities. It has to be noted however that while previously the futures market may have been relatively “not big enough” to provide this kind of diversification, this has not been the case over the last 10 years.
As at end 2003, assets allocated to commodity index trading stood at a whopping US$13bil. As of March 2008, that figure has ballooned to US$260bil!
Obviously, something highly significant has happened here with equally significant consequences.
The culprits
Some political leaders have pointed their fingers at speculators as the primary culprits for driving oil price by more than 50% over the last 12 months alone. In my opinion, they are correct, partially.
The new index speculators are not your average in-and-out trading outfits. Collectively, these funds have stockpiled (long on inventory via the futures market) 1.1 billion barrels of petroleum. It’s not like they are actually going to take delivery of these oil barrels, but their stockpiling is tantamount to hoarding 1.1 billion barrels from the real market place. If real supply is constant, one can imagine what the 1.1 billion long positions will do to oil futures prices if they are rolled over.
Apart from index speculators, a huge number of long-only commodity funds and plethora of dedicated commodity ETFs have entered the scene in the past five years. A quick glance at Nasdaq will be able to give you an idea on the rising emergence of ETFs.
Essentially, they are long players, trying to cash in on investors interest on a prolonged commodity bull run.
But are they really interested to consume these commodities? NO.
Joining the bandwagon
Lending a great deal of support to index speculators are, unsurprisingly, investment banks. Swaps loophole exempts investment banks like Goldman Sachs and Merrill Lynch from reporting requirements and limits on trading positions.
The loophole allows pension funds (or any other aforementioned funds) to enter into a swap agreement with an investment bank, which can then trade unlimited numbers of the contracts in futures markets.
Even more interesting is that the WTI crude oil futures traded on ICE in Europe are exempt from regulatory action!
ICE (Intercontinental Exchange) operates global commodity and financial products including the world’s leading electronic energy markets and soft commodity exchange.
Amidst all these hoopla, it would appear that Opec, which is traditionally everyone’s punching bag, is probably an innocent party to this catastrophe, this time around.
According to market estimates, the actual costs incurred in producing the most expensive oil is only around US$70-US$80 a barrel; the rest of the current oil price represents the market’s risk premium plus speculation.
Note, that assumption is based on the high end of the cost spectrum and most are produced at a much lower cost.
Rising trend
You have heard this before: according to the DOE, annual Chinese demand for petroleum has increased over the last five years from 1.88 billion barrels to 2.8 billion barrels – an increase of 920 million barrels.
Over the same period, Index Speculators demand for petroleum futures has increased by 848 million barrels. The increase in demand from Index Speculators is almost equal to the increase in demand from China!
Bearing in mind that commodity futures markets are much smaller than capital markets, these substantive funds will have a far greater impact on commodity prices.
In 2004, the total value of futures contract outstanding for all 25 index commodities was US$180bil. In 2004, index speculators poured in US$25bil into these markets – a significant 14%.
It would be safe to assume that the sums being ploughed into the commodity futures markets in the ensuing years to present is much higher.
Rising trend means index speculators are making a lot of money. The run attracts momentum players. Typically, rather than take their profits and run, index speculators tend to stay on because the allocation is a diversification bet not a straight out investing bet. They are more likely to reinvest their compounded gains and even more due to profit-motivated demand thinking.
Psyche of speculators
Index speculators are different from traditional speculators.
The latter will trade, take their profits and run. The former prefers to keep the long position and generally, never sell. Instead of providing liquidity, index speculators are actually draining liquidity. Even if Opec promises to release more oil now, it would probably not dent the rally by much.
If index speculators weren’t a group but an individual, regulators would be on his back like a hawk and he’d be hauled up for attempting to corner a market.
Masters highlighted to the US Senate that it is most important to close the loophole in the Commodity Exchange Act 1936 which exempt investment banks from speculative position limits when these banks hedge OTC swaps transactions.
According to Masters, almost 90% of index speculators effectively enter into commodity index swaps and face no limits on their positions.
To puncture the oil price bubble, and yes, it is a bubble, Masters recommended that pension funds be forbidden from using commodity index replication strategies.
He added that the swaps loophole should be plugged immediately, thus causing all speculators to face position limits.
In all likelihood, if the recommendations put forth by Masters or moves similar to that are put into action, the oil price bubble may be punctured.
Judging from market developments in recent weeks, it may be wrong to assume that “nothing will be done” by the US lawmakers soon.
We will find out – very soon.
·S Dali is a pseudonym. He is an ex analyst/fund manager and active blogger. (
http://biz.thestar.com.my/bizweek/story.asp?file=/2008/6/14/bizweek/1392569&sec=bizweek
which got me thinking like this (again)
http://siliconinvestor.advfn.com/readreplies.aspx?subjectid=50987&nonstock=False&msgid=24677193
To: dvdw© who wrote (102884) 6/15/2008 9:52:53 PM
From: The Black Swan Respond to of 102937
Reasonable thesis but 35$ per barrel does seem like wishful thinking... especially in light of the China stats the article cites and with rationing already occurring there..
Maybe oil @ 135-140 is like the loonie was @ 1.10 US..
tit for tat LOL...
From: CommanderCricket 6/15/2008 2:41:53 PM
2 Recommendations of 102934
We live in interesting times...
Kuwaiti MPs file bill to cut oil output
3 hours ago
KUWAIT CITY (AFP) — Opposition MPs filed a bill on Sunday that could effectively slash Kuwait's oil output if it is found that the Gulf state's proven reserves are actually much lower than official estimates.
The proposed legislation, signed by four MPs, stipulates that annual oil output from Kuwait, OPEC's fourth largest producer, should not exceed one percent of proven reserves.
It also requires the state to disclose to parliament the emirate's actual proven reserves, which Kuwait says officially stand at about 100 billion barrels, 10 percent of global reserves.
However, some reports say the emirate has inflated its oil wealth and that proven reserves could be as low as around 24 billion barrels.
In the past few years, Kuwait has been producing just under one billion barrels per year, one percent of the official reserve figure.
If the bill is approved, it could force the emirate to cut its output from 2.55 million barrels per day currently to a quarter of that, at a time when the world is demanding higher oil production.
The authoritative industry newsletter Petroleum Intelligence Weekly reported in January 2006 that Kuwait's oil reserves stood at 48 billion barrels, based on internal Kuwaiti records seen by the newsletter.
The PIW report also claimed that Kuwait's fully proven reserves amounted to only 24.2 billion barrels.
MPs said the PIW claim is supported by a confidential report issued in 2001 by Kuwait Oil Co, the state's oil exploration and production company.
They also said that the government has since failed to provide credible information about the size of Kuwaiti proven reserves "which raises doubts about the actual size of those reserves."
http://afp.google.com/article/ALeqM5iGONGHZ1MlR8gYaO6VFK2-p982LA
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24677707
Might be a change in outlook for the poster :O)
I figured with the commodity market the way it was that was a good probability entry on my first go.. so a successful retest would be encouraging but I dunno if I'd wouldn't add before that low.. 10% yield (which could vanish of course) is enticing...
Debated adding on Friday. Too tied up so didn't decide.
Wrong chart ?
Hopefully all this bubbling turns into another geyser :o)
No HOD position going into the weekend. 3 consecutive successful kicks at the can ... I didn't want to press my luck here..
that's a lot of stock. Could someone post the bigger blocks at the end of day ?
Closed another HOD for a few more fill ups..
Added to CLL and PWT.UN this AM.
FWIW re my earlier post... it still looks to me like accumulation games... I'm encouraged by the coverage we've seen lately... plus all the recent volume...
but I've been wrong before...
yeah so I moved all my laddered sales up a notch :O)
Shake, Shake, Shake, Shake, uh shake it
Shake, Shake, Shake, Shake, uh shake it
Shake, Shake, Shake, Shake, uh shake it
Shake, Shake, Shake, Shake, uh shake it
Shake, Shake, Shake, Shake, uh shake it
(Old Disco Song :O)
POWERED BY POTASH ONE
I started a position in PRC yesterday based on Ed Ajootian's posts on Big Dog's Thread. 2.15. I need to do some DD.
My Payless shoes doing OK.. I posted a bit up thread http://investorshub.advfn.com/boards/read_msg.asp?Message_id=29835660&txt2find=pss
POWERED BY POTASH ONE
OK... now to infinity and beyond :o)
Analyst coverage news official on Website
http://www.potash1.com/s/AnalystCoverage.asp
Have not been watching closely today... but yes looks like the volume just jumped big... Someone with sales history could maybe post...
BTW out my 1600 HODs this AM @ 7.91 too bad I got such a crappy fill size wise.. but hey that's a couple of tank ups for the van ...