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I think it pooped already.
Naughty fellow isn't he.
Bottom ?
Why not ?
Is this the new day trading thread ?
'Big Dry' turns farms into deserts
http://news.bbc.co.uk/2/hi/asia-pacific/7577528.stm
First Friday in a long time that we've closed up !
Well, I am here because I think there is a chance of a buyout, but were going to have to wait another year in my opinion, for that to happen.
Insider buying this week
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=kcl
Wonder if MR Lupien knows a good swing trade when he sees it ?
William Lupien
Position: Director
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Mr. Lupien brings over 40 years of public-market financial expertise and United States equity-market exposure to the Company's board. Mr. Lupien began his career with Mitchum, Jones & Templeton, a New York Stock Exchange-member and specialist firm in 1965, where he held various positions including president from 1974 through 1980. Mr. Lupien became chairman and chief executive officer in 1988 serving through 1995. Mr. Lupien was the chairman and CEO of Instinet Inc. from 1983 until 1988. He has served as chairman of OptiMark Inc., a company he established in 1995, with a mandate to improve the structure and operational capabilities of the securities market.
Mr. Lupien has served on numerous private and public company boards including Mitchum, Jones & Templeton, Instinet, National Health Enterprises, Energy Metals Corporation and others. He held a position as trustee of the Securities Industry Institute, and the Securities and Exchange Commission national market advisory board and was the governor of the Pacific Stock Exchange for six years. Mr. Lupien is the co-author along with David Nassar of Market Evaluation and Analysis for Swing Trading, published in 2004 by McGraw Hill.
Mr. Lupien is currently a private investor and a financial equity market consultant. He is on the board of directors of Uranium One (TSX:UUU), Midway Gold Corp. (AMEX, TSX.V:MDW), Aflease Gold Ltd. (JSE:AFO) and Skyler Technology Inc.
I believe the business plan is to make the project attractive to a take over. The more they advance the project, the more attractive Potash1 becomes as a takeover candidate.
The same management team pulled this off successfully with Energy Metals.
Its alive !
Brazil quashes Canadian potash deal
ANDY HOFFMAN
MINING REPORTER
August 26, 2008
Just two years after Canada gave a Brazilian mining giant the green light to buy Canadian nickel stalwart Inco, Brazil has quashed a Canadian-backed company's deal to buy potash assets in the Amazon, citing the mineral's strategic national value.
Falcon Metais Ltda., an exploration company headed by Canadian mining promoter Stan Bharti, was the top bidder for a pair of potash properties put up for auction in June by Petrobras, Brazil's state-owned oil producer formally known as Petroleo Brasileiro SA.
Falcon says it won the tender by agreeing to pay more than 160 per cent of the minimum bid price - in excess of $100-million for two deposits - which, according to historical estimates, hold more than one billion tonnes of ore and could annually produce two million tonnes of potash, a key ingredient in fertilizer.
With a deal for the Petrobras assets in hand and its own exploration assets nearby, Mr. Bharti and his team were working on an initial public offering for Falcon to help finance the $2-billion to $3-billion it will cost to build the mine.
Suddenly, however, Brazil's federal government ordered Petrobras to terminate its deal with Falcon, citing the critical importance of potash assets to the economy.
"The government wants to review the decision of Petrobras because they feel that potash is a strategic asset for Brazil. They want the mine to be built. We're just in the process of trying to clarify what is going on," Mr. Bharti said in an interview.
In 2006, Brazil's Companhia Vale do Rio Doce (Vale) snapped up Inco and its prized Canadian nickel production operations in Sudbury, Ont.; Thompson, Man.; and Voisey's Bay, Newfoundland and Labrador, for $19.4-billion.
Ottawa approved the transaction despite concerns by some that Canada was selling off world-class resource assets to the highest foreign bidder.
Others criticized the fact that Vale, unlike Inco, is protected by so-called "golden shares" that give veto power to the Brazilian government to block a foreign takeover.
Canada, however, remains a world leader in the production of potash. Producers, including Potash Corp. of Saskatchewan Inc., the world's largest, have been major benefactors of the global agriculture boom, which has sent the price of the commodity soaring, driving up costs for farmers.
Agriculture is a key element of Brazil's economy and farmers depend on imported potash to improve crop yields. Roughly 90 per cent of the potash used in Brazil comes from foreign producers.
Now Mr. Bharti, a colourful entrepreneur who has launched a slew of mining firms over the years that have searched for everything from gold to nickel, has run into a Brazilian government roadblock with his promising potash venture.
"We were going to put everything together and make a big potash play and IPO it here in Toronto. The concerns obviously are that Canada sells a lot of potash to Brazil and the price is very high. The Brazilians want to develop their own assets. We're looking at ways to help the Brazilian government and the farmers of Brazil in this regard," he said.
Officials from Petrobras declined to say if the government pressured the company to reverse the deal.
In an e-mail response to questions, company spokeswoman Lilian Laranja said Petrobras "signed a document compromising to sell [the assets] to a Canadian company. However, the high administration of Petrobras, due to strategical reasons, decided not to continue with the sales."
Mr. Bharti is still hoping to convince the Brazilian government to reverse its decision. While backed by Canadian and international investors, his company Falcon is headquartered in Brazil and plans to spend $50-million on exploration over the next two years.
Countering Brazilian media reports, Mr. Bharti said Falcon has no association with any potash producers or cartels.
"Our plan is and has always been to create a Brazilian potash play that will help the farmers of Brazil because it will eventually help save the transportation costs between Canada and Brazil," he said.
Michael Gray, an analyst at Genuity Capital Markets who just returned from a business trip to South America, said he wasn't surprised by the Brazilian government's heavy hand.
"Anything to do with fertilizers in a country that is really depending on their ethanol production for their fuel industry is going to be really coveted," Mr. Gray said
This one looks interesting.
I've definitely seen what looks like a bottom on some of the stocks we follow.
If you need a visual: #msg-31587736
Imagine paying $500 million euros for a property...
http://news.bbc.co.uk/2/hi/business/7563123.stm
Another rough day for the ferts.
August 11, 2008
Potash One Completes Technical Site Screening Review and Environmental Regulatory Strategy
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News Release 08-19
Vancouver, B.C., August 11, 2008 - Potash One Inc. (The "Company" or "Potash One") is pleased to announce that it has successfully completed strategic planning for the Environmental Assessment on its 100% owned Legacy Potash Solution Mining Project (The "Project"). Golder Associates ("Golder") has conducted a preliminary technical site screening review for the proposed location of the production complex. The objective of this technical evaluation and strategic planning was to identify any high level risks related to the environmental aspects of the Project in regards to the proposed site of the brine extraction, storage and processing facilities. The review focused on the following components; hydrology, hydrogeology, geotechnical, terrestrial resources, aquatics, land use designations, and heritage resources. No significant issues have been identified which would cause Potash One to stop or alter the Environmental Assessment process. The Company considers all risk areas assessed by Golder in this study manageable and it shall address them, if applicable and required, to complete the environmental permitting process in due course.
As part of the strategic planning process Golder has applied the requirements of the Saskatchewan Environmental Assessment Act to the specifics of the Project. This work has resulted in the development of a Regulatory Strategy, including a Community Consultation Plan and an Environmental Assessment Plan. These plans are intended to inform and guide Potash One through the environmental approval process for the Project.
Paul Matysek, President and CEO of Potash One, noted: "We are pleased to receive Golder's report and findings in which they have concluded that there are no fatal flaws that would impact significantly on the Project's feasibility and proposed timelines. As a result, the Company is maintaining its efforts to complete the required comprehensive environmental baseline studies (initiated last spring) and work with the regulators and stakeholders to address any issues identified in a sustainable manner as we progress through the EA process."
ON BEHALF OF THE BOARD OF DIRECTORS,
Paul F. Matysek, M.Sc., P.Geo.
President and Chief Executive Officer
Telephone: (604) 331-4431
Fax: (604) 408-4799
info@potash1.com
About Potash One Inc.
Potash One Inc. is a Canadian resource company engaged in the identification, acquisition, exploration and development of advanced solution mine amenable potash properties. The Company owns 100% of a 97,240 acre Potash Subsurface Exploration Permit in Saskatchewan, Canada (the "Legacy Project"). The Legacy Project was previously explored by Imperial Oil Ltd. (now Exxon) and Lumsden Potash Corporation and is adjacent to the largest producing solution potash mine in the world. In addition, the Company owns 100% of three other Potash Subsurface Exploration Permits over 230,000 acres that are contiguous to the Legacy Project. The Company has NI 43-101 resource, a solid balance sheet, and experienced technical and corporate management to advance the Legacy Project to the next stage.
Updated corporate presentation on the website :
http://www.potash1.com/s/Presentation.asp
Athabasca Potash adds more land to Burr
2008-08-06 08:50 ET - News Release
Ms. Dawn Zhou reports
ATHABASCA POTASH INC. MAKES PROGRESS IN LAND ACQUISITION PROGRAM AND ADDITIONAL EXPLORATION PERMITS
Athabasca Potash Inc. continues to make significant progress on its Burr project acquisition program, including surface lands, Crown mineral rights and freehold mineral rights.
Athabasca has acquired approximately 5,420 acres of surface lands in the central parts of its Burr project. These surface rights give Athabasca the full access to the lands to do the necessary exploration, testing and site study programs currently in progress.
Athabasca has also obtained recent approval from Saskatchewan Ministry of Energy and Resources to amend exploration permit KP308 to KP308A, also known as the Burr project. This amendment allows for approximately 3,020 acres of additional Crown rights on the south-central portion of the Burr project to be included within the permit. Athabasca also has acquired approximately 640 acres of freehold mineral rights within the area of the Burr project, which is in addition to the approximately 1,279 acres of freehold mineral rights purchased in 2007. As a result, the total area of the Burr project held by Athabasca is now approximately 79,946 acres, an increase from the previously announced size of approximately 75,007 acres.
"We are very pleased with the progress we are making in our acquisition program on our Burr project. It puts Athabasca in a good position for the next steps planned to advance our Burr project," said Dawn Zhou, Athabasca's president and chief executive officer.
In addition to the Burr projects land and mineral rights acquisition program, Athabasca has also obtained approval for a number of additional potash exploration permits in Saskatchewan. Athabasca now holds a 100-per-cent interest in 23 potash exploration permits totalling approximately 1,673,103 million acres of lands for prospective potash exploration. The additional permits approved by Saskatchewan Ministry of Energy and Resources include KP 348, KP 349, KP350, KP351 and KP 359.
When's the buyout ?
Huh ?
Big wood today.
POE
No gaurantees but I like my chances.
I'm just saying that everytime you've predicted a lower share price for KCL on this thread its been right at the bottom.
Yeh, and GXS is going to $1000 a share. lol
Hey John, whats got you so excited ?
You got to sell the highs and buy the lows. Looks like its back in oversold territory to me.
ZR
Its far from dead. Added some more at $3.71 yesterday.
Ed
Played Blackhawk today. Nice course. Need to play more though.
Bought some traders back. $4.05 average
Looks like it might make a good swing trade.
Lots of $$$$$$$$$$$$ to be made here yet !
Bounced right off the 50
KCL still a buyout candidate.