Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Ya looks like 5 less potential potash juniors in one swipe...
pigs make bakken
Hmm, reposted info from February 13th with the date peeled off?
If I didnt know you any better I would say it looks like a veiled pump for RAY on the KCL board :)
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26802160
Gary Jules - Mad World
Potash Exploration, Mining On First Nation Land
By Brent Pushkarenko
Updated March 25, 2008 - 2:14pm
It is another announcement of First Nations seeking to benefit economically from use of their treaty lands.
Encanto Resources Ltd. has signed a Memorandum of Understanding (MOU) with the Federation of Saskatcheawn Indian Nations (FSIN), looking to develop potash mines on reserve land.
The company will spend the next 18 months working with First Nations to conduct tests on their land, according to President and CEO Jeffery Stanton.
Each First Nation would sign its own additional MOU and if the lands are viable, construction would begin on a mining operation. Encanto is pledging to work step-by-step with bands to make sure the work is done according to their principles.
FSIN Vice-Chief Morley Watson is touting the agreement as another chance to develop employment for First Nations people.
I think this one got missed...
First Nation members are considering potash exploration
Veronica Rhodes - Regina Leader-Post
Friday, March 07, 2008
REGINA -- With an eye on investing in their children's futures, Piapot First Nation members are considering potash exploration on their reserve.
On Friday, roughly 35 councillors, elders and community members attended an information seminar put on by Encanto Resources Ltd., an Alberta-based resource exploration and development company.
"We have to create revenue ... for our children, our grandchildren," said Piapot Chief Johnny Rockthunder.
The Encanto presentation explained the company's interest in the area, how seismic readings would be taken on the land, and possible production methods that could be used, and also included a draft of the memorandum of understanding that could be signed between the two parties. A company representative translated every step of the presentation to Cree to ensure everyone in the group understood the information.
"One of the key things I was impressed with Encanto was they have an aboriginal person with them ... I think he is genuine and he is very fluent in Cree, same as we are. We are Cree people. I always resort to the elders' support and advice and direction," Rockthunder said following the seminar.
He explained his eagerness to pursue economic opportunities for the band but admitted appropriate time and consultation are needed to ensure everyone in the community is supportive of the initiative. While the band wants to be competitive and a part of the labour force, members expressed concern about protecting the treaties through the project.
"I want to get going. I want this project to go," said Rockthunder.
"Before we do all that, we have to develop a plan that's suitable for 2008 and forward, making sure that I'm in the process of dealing with this for the next 20 years, 25 years on and on, making sure this is a process that is comfortable for everyone."
Ross Moulton, vice-president of exploration for Encanto, said the company has identified an area of interest in southern Saskatchewan where potash has been found but several First Nations in the area haven't had any exploration done. The company, which has worked with Alberta bands before, is holding similar information sessions with roughly a dozen Saskatchewan First Nations.
"Companies have not worked with First Nations historically so what you see is development come to a reserve boundary and all of a sudden stop, go past it, around it, and it starts again ... They're almost virgin areas you can get into. A lot of places are developed, (but) First Nations bands aren't for whatever reason," explained Moulton.
Part of the reason some companies may shy away from working with First Nations is due to an increased level of consultation, because there is not just one property owner but several. Moulton said any agreements must also go through Indian and Northern Affairs Canada, which adds another level of bureaucracy to the process.
Bands often have different concerns when it comes to considering mining exploration and are looking for more benefits for the community. For example, Moulton said a farmer who owns property where oil drilling is occurring likely won't be interested in getting a job with the crew, whereas a development on a First Nation could offer employment opportunities for residents.
"They have more respect for cultural things, environmental things overall. They revere the land more," said Moulton.
Rockthunder explained his next step is to approach some of the community's academics and university students to get their opinion on the possible project. If there is mutual agreement from the community, a traditional feast will be held to show respect for Mother Earth. Following that, a general meeting will take place.
If an agreement is signed with Piapot, Encanto will come in immediately to conduct seismic tests and analyse readings. Moulton estimated it could be up to two years before it is known whether a mine should be built.
MagIndustries gets 25-year potash mining licence
2008-03-25 07:44 MT - News Release
Mr. Bill Burton reports
MAGMINERALS GRANTED 25 YEAR POTASH MINING LICENSE
MagMinerals Inc., an indirect wholly owned subsidiary of MagIndustries, Corp., has been granted a 25-year mining licence (the Makola mining licence) for its recently announced Kouilou potash mine. The Republic of Congo (ROC) approved the mining licence at the most recent meeting of the Council of Ministers in Brazzaville. MagMinerals intends to build, own and operate a stand-alone 1.2-million-tonne-per-year potash mine and plant, 16 kilometres east of the Atlantic port city of Pointe-Noire, West Africa's best deepwater port.
The Republic of Congo is a central African country with a population of about 3.4 million whose economy is dominated by offshore oil production. Major international firms such as Total, ENI, Chevron etc., have successfully carried out oil exploration and commercial production in the ROC without incident for over 30 years. The ROC is bordered on the south by the much larger and distinctly separate Democratic Republic of Congo. Republic of Congo is a functioning democracy with rule of law based on French civil code and mining law to World Bank standards.
MagMinerals recently received and announced the results of a final feasibility for phase I of the Kouilou potash project which was completed by SNC-International Inc. The capital cost for phase I has been estimated at $723-million (U.S.) excluding financing costs, for a 600,000-tonne-per-year operation producing granular K60-grade potash. The government of Republic of Congo will retain a 10-per-cent free carried interest in the Kouilou potash mine.
BNP Paribas, adviser to MagMinerals, has approached a group of international lenders who are working to complete their due diligence toward the debt financing of 70 per cent of the project costs to bring the Kouilou potash project into production. MagMinerals is anticipating closing its previously announced equity offering for $80-million to $100-million on April 3, 2008, as a first step toward providing the required 30-per-cent equity for phase I. Subsequent to this offering, MagMinerals intends to become a reporting issuer in one or more provinces of Canada through an initial public offering, reverse takeover or similar transaction. (For further detail please see news in Stockwatch March 20, 2008, announcing pricing of the financing.)
MagMinerals also recently announced a National Instrument 43-101-compliant technical report entitled the "Reserve Estimate for MagMinerals Makola Permit Area, Kouilou Region, Republic of Congo" which identifies proven and probable reserves available to support the Kouilou potash mine. These reserves reported upon are located in the 25-square-kilometre Mengo area which represents only a small portion of the recently granted 1,650-square-kilometre Makola mining licence. The proven reserves amount to 17.9 million tonnes of KCl (potassium chloride) while the probable reserves amount to 3.1 million tonnes of KCl. At a production rate of 600,000 tonnes per year of KCl this indicates a mine life of about 34 years. Inferred resources identified to date total 1.07 billion tonnes of carnallitite representing 185.9 million tonnes of KCl. The proven and probable reserves are open in all directions and additional drilling may increase the reserve base available for future plant expansions.
The Kouilou plant is based on a modular design and it is the intention of MagMinerals to double the first phase capacity as soon as possible to reach total production of 1.2 million tonnes per year to more fully use the extensive resource base available. The capital cost required to double the capacity of the plant is expected to be significantly lower than the first phase as it will benefit from the extensive infrastructure put in place by building phase I. A copy of the technical report will be available under the company's profile at SEDAR or at its website.
Stetson Oil acquires Saskatchewan petroleum and gas JV
2008-03-25 06:58 MT - News Release
Also News Release (C-VST) Vast Exploration Inc
Mr. Bill Ward of Stetson Oil reports
STETSON OBTAINS JOINT VENTURE IN SE SASKATCHEWAN
Stetson Oil and Gas Ltd. has agreed to assume the interest of Vast Exploration Inc. in a joint venture (JV) arrangement with Samson Oil and Gas Inc. (SOGI) in southeast Saskatchewan (SamVast JV). Stetson will be the operator of the joint venture and will have a 50-per-cent working interest. As consideration for the assumption of the Vast interest in the JV, Stetson will reimburse Vast for $137,500 of costs incurred to date on the JV and will reserve a 5.0-per-cent non-convertible gross overriding royalty.
The SamVast JV was created in September, 2006, to jointly acquire and develop petroleum and natural gas rights with first nations bands in Saskatchewan by providing access to lands pursuant to the treaty land entitlement (TLE) process. Under the TLE process, open Crown mineral rights can be frozen for a term of 18 months whereupon, if surface rights are acquired, the mineral rights will be allocated to the first nations band that applied for the freeze. The SamVast JV then has the right to farm in on these lands as to a 100-per-cent working interest subject to Saskatchewan Crown equivalent royalties, plus 5.0 per cent. Stetson's assumption of Vast's interest in the SamVast JV is subject to the receipt of approval of the TSX Venture Exchange. The SamVast JV has signed agreements with four first nations bands, however, at present no land or mineral rights have been acquired by the SamVast JV.
In connection with the joint venture, Stetson intends to focus its exploration efforts on the Bakken production fairway in southeast Saskatchewan. The Bakken formation produces light 42- to 44-degree API oil and has been developed primarily by horizontally drilling four wells per section. Newly developed fracturing technology has resulted in improved productivity rates and recoverable reserves, with individual wells initially producing at rates as high as 250 bopd (barrels of oil per day).
The Bakken area has drawn significant interest in recent months, as prices paid for mineral leases in southeast Saskatchewan at Crown land sales have been robust. The Feb. 11, 2008, Crown land sale brought in bids totalling $132,399,338 on 43,784 hectares of land from the southeast Saskatchewan region alone, representing an average bid of $3,024 per hectare. Stetson believes that the SamVast JV will provide a competitive advantage in acquiring mineral rights in this area.
Showing the kids how its done for a few days, golf can wait...
It’s time to look at Citigroup (C)
Posted March 19th, 2008 by Eric Cheshier
I had a friend once that found a 1985 Rolex at a garage sale, paid $10 for it and was able to sell it later to a watch dealer for $900. That’s the prime example of finding a ‘diamond in the rough’.
That little anecdote is a metaphor for what every value investor is looking for. Fellow Stockmasters, I have found that bargain basement stock that no one will touch with a ten foot pole. Behold, it is Citigroup (C)!
When I first started looking at Citigroup as a possible buy, all I could think about is how the Financial Sector is a two-ton woman named Bertha, doing a cannonball at the pool at your local YMCA. Ugly.
But as an investor, sometimes you have to take the contrarian approach. Remember the episode of Seinfeld called ‘the Opposite’? George comes to the realization that he should try to do the opposite of everything, so he does, his luck changes and everything begins to go his way including getting a girlfriend, a job with the castanzaYankees and moving out of his parents' house.
Citigroup is the ultimate Opposite play. In the last year, it has gone from a 52 week high of $55.55 all the way down to $20 – a -58% loss. Sure, the Subprime Credit crisis is a mess, but is it really that bad? Will the company go bankrupt like Bear Sterns? This analyst doesn’t think so.
Citigroup’s forward P/E for 2009 is all the way down to 5.98. That’s dirt cheap, even JP Morgan (JPM), the new superhero of Wall Street, has a forward P/E of 10.12. Book Value of Citigroup is 22.74, currently above their share price, while JPM’s is 36.59, currently below the share price.
Granted, Citigroup does have problems. But I like the low short ratio of only 2.4%, I like the Dividend Yield of 6.9%, I like the stake they have in Visa (V) and I like that the subprime mess is already priced into the stock. All that’s left to do now is buy and hold for the long term, because when the short term problems that are holding the stock down are ironed out, Citigroup is going back up to +$30.
There's only one perfect stock - Potash Corp. (POT)
Posted March 10th, 2008 by Ted Gottsegen
Potash Corp./Saskatchewan (NYSE:POT) is a stock I've been waiting to buy and now that it's under $150 a share, I'm interested. ,Potash is one of the few companies that raised their 2008 and 2009 guidance. The American recession means nothing to their success and vision for the future. Wall Street and the analysts covering the stock love Potash, but can it keep going?
The analysts covering Potash Corp. can't get enough of them, let's look at the past 3 months thanks to NewRatings.com:
Date Rating Target Price Analyst
3/5/2008 Outperform $ 200.00 BMO Capital Markets
2/29/2008 Buy $ 195.00 Citigroup
1/28/2008 Strong Buy $ 160.00 Wall Street Access
1/25/2008 Buy $ 165.00 UBS
1/22/2008 Outperform $ 195.00 RBC Capital Markets
1/18/2008 Sector Outperform - Scotia Capital Markets
Potash Worth Feasting On by Motley Fool - March 20, 2008
I hate chasing a stock. Especially when the stock in question has enjoyed a spectacular run and trades at a relatively rich valuation. But sometimes, the growth story is so exciting that I bite the bullet. Canadian-based Potash Corp. (NYSE: POT) is a case in point. Shares of the world's largest producer of fertilizers have advanced some 215% in the last year, lifting the valuation to roughly 22 times consensus fiscal 2008 estimates of $7.38.
That would appear to be quite a steal if the company could continue to grow at its five-year historical annual rate of 94%. But with analysts expecting just 10% growth in the next five years, that's a hefty price tag in terms of growth potential.
Of course, you can't always bank on what analysts project. And thanks to Potash's commanding position in the expanding fertilizer market, along with its advantage of being a low-cost producer, I believe the company will continue to outperform.
According to the International Fertilizer Industry Association, global fertilizer demand grew 5% in 2007, and is expected to expand an average 3.5% over the next two years as increased grain consumption in emerging-market countries such as India and China, growing demand for biofuels, and rising crop prices spur farmers to plant more.
This is no temporary trend. The world's population is expected to grow from roughly 6.7 billion currently to 9.2 billion in 2050, meaning more people will have to eat. Rising incomes in many emerging-market countries are rapidly changing dietary habits in favor of eating more chicken and beef, which increases demand for grain fodder. In fact, inventories are at their lowest in 17 years, and with roughly 90% of farmland already utilized, farmers turn to fertilizers to enhance the quantity of production possible per acre.
Ahead of competitors CF Industries (NYSE: CF), Mosaic (NYSE: MOS), and Agrium (NYSE: AGU), Potash Corp. is a force in fertilizer as the largest potash player in the world, the second-largest producer of nitrogen, and the third in phosphates. Given that prices of all three fertilizer products are increasing rapidly, this certainly bodes well for the company's prospects. Its unique position in the potash market is what strikes me as its most alluring investment characteristic, and the segment that should propel much of the company's future growth.
Potash Corp. operations accounted for 17% of worldwide production of potash in 2007 and 22% of global capacity. It holds an estimated 75% of the world's excess capacity. Potash Corp. should be able to secure its position in the market, as opening a new mine can cost roughly $2 billion to $2.5 billion, and then take nearly five years to come fully online. That certainly seems like a considerable barrier to entry.
Additionally, potash supplies are particularly tight these days, naturally pushing prices up. Farmers are willing to pay premium prices for quality fertilizers since the additional crops they can yield provide lucrative returns. Consequently, contracts are resetting at much higher prices. This has already translated into improved margin expansion and boosted earnings growth for Potash Corp. and should further enhance financial performance if these trends persist.
In addition to its notable market share, Potash Corp.'s other competitive advantage is its low-cost production base. Take, for example, the company's nitrogen business. Close to 66% of Potash's ammonia production is located in Trinidad, which allows the company to secure low natural gas prices, which can constitute nearly 90% of the production cost. Further, the company's mines are located in low-cost areas, and management puts its production near end users to minimize transportation costs.
Potash's shares may appear richly valued. But I think there is a growth story here. The company is the global leader in a rapidly expanding industry, holds what could be termed a quasi-monopoly in the important potash market, and is also a flexible, low-cost producer. Potash is poised to continue benefiting from current bullish agricultural trends, and this kind of growth potential and market-share positioning doesn't come cheap. So, investors, load up your plates and enjoy the feast.
What happened to Silver?
madcowboys- Drunk Talk
Summerlad - City of noise AlbumReleaseConcert Dec 14, 2007
Summerlad at the Palamino - Sept 28 2007
Jane Vain
The M Man
Fist of Fuggy
Plants and Animals - Bye Bye Bye - Live
Plants and Animals - Good Friend
Black Mountain "Don't Run Our Hearts Around" Live
"Druganaut" by BLACK MOUNTAIN
Come Together (Across The Universe)
lol Canaccords never played those games?
I think I will stick with this for now
not for the poor sap selling it lol
could be anyway we could use a superhero, maybe Capt. Potash?
ya $0.99 would be about the 200dma
lol point taken, people reading need to watch carefully though
realistically this play could be the next new producer and close to markets
i paid 1.11 today 200dma is looking juicy
markets may be providing an in here
if the price action in the last couple weeks has portrayed the ipo/rto price as +$2
Globe says Sprott's Hodson favours MagIndustries
2008-03-18 05:07 MT - In the News
The Globe and Mail reports in its Tuesday, March 18, edition that MagIndustries gave back 23 cents to close Monday on the TSX Venture Exchange at $2.40. The Globe's Melissa Martin writes in the BNN Market Call column the stock has a 52-week trading range of $1.01 to $2.90. Sprott Asset Management senior portfolio manager Peter Hodson recommends buying MagIndustries stock. Mr. Hodson says the company has hidden asset value that is about to be realized. He says the break-up value is close to double the company's share price. In his general outlook Mr. Hodson says: "Market volatility is here for a while. Uncertainty rules. While there are incredible values out there, this is not time to be a hero. The only safe place is gold right now. Too much money is being thrown at the system, gold is going much higher."
maybe that was the Congo Bongo lol
was chasing a three legged cyote with the dozer last week funny as hell
lol when a stock burns the back of your throat its time to sell
come run dozer for me :)
Yup Jacks got to be nimble alright
So do I have this right?
They are selling food to but freshly printed money?
Maybe your right, we are in trouble.
I dont see any grains or oilseeds in there.
Anyhoo the Dow closed up didnt it?