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Not to mention overvalued by multiples against its peers.
Athabasca Potash CEO interview http://broadband.bnn.ca/bnn/?id=2238&vid=25698
So only one finder now? I wonder if Sam Magid is actually one of the hidden placees then.
175,000 units (comprising one share and one-half of one warrant) payable to Peninsula Merchant Syndications Corp. (Sam Magid).
Potash One private placement correction
2008-01-03 14:11 MT - Private Placement
Further to the TSX Venture Exchange bulletin dated Jan. 2, 2008, the company has advised the following information is amended.
Warrant exercise price: $3.25 for a 15-month period. However, if four months and one day after closing, the shares of the company close at $4 or more for 10 consecutive trading days, then the company may, upon written notice to the warrantholder shorten the exercise period to 30 days.
Finder's fee: 31,250 units (comprising one share and one-half of one warrant) payable to PowerOne Capital Markets Ltd.
enjoy John!
Yes TSX venture exchange companies joint venturing a phosphate deposit
Thats right we "IPO"ed Potash One in April
Initial Public Outing
Golden opportunity to get in on a GOLD IPO - "Shield Gold"
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24179891
Something like this a year from now would do the trick...
API unreal
Monsanto's Bountiful Harvest
Evelyn M. Rusli, 01.03.08, 5:25 PM ET
Monsanto has the world eating out of its hand.
The St. Louis-based company, which manufactures bio-engineered seeds and agricultural products, smashed Wall Street's expectations with its first-quarter profit report. On Thursday, Monsanto said profits surged 184.4%, to $256 million, or 46 cents a share, from $90 million, or 16 cents a share, for the year-ago period. Meanwhile, sales ticked up 36.4%, to $2.1 billion, from $1.5 billion. Analysts expected profits of 35 cents a share on sales of $1.87 billion.
The stunning results boosted investor confidence on Thursday, and Monstanto's shares rose $9.45, or $8.5% to $120.95. Over the last 12 months, the stock has more than doubled from $51 a share. Investors are betting big on agricultural players such as Monsanto, due to the rising popularity of bio-fuels and the growing demand for food worldwide.
With emerging market populations still booming and oil at all-time highs, these trends are expected to continue through 2008 and beyond.
Monsanto is certainly profiting. In the first quarter, it experienced robust sales outside the United States. "Our results in the first quarter represent a solid start to the fiscal year and highlight the strong performance of our Latin American business," Chief Executive Hugh Grant said Thursday.
In particular, the company managed to sell more herbicides in Brazil, Argentina and Europe and saw its seed technologies gain traction in Brazil and Argentina. Seed and genomics sales were up 22.9%, to $836 million, from $680 million, while agricultural sales, which includes herbicides, jumped up 46.7%, to $1.26 billion, from $859 million.
With the company hitting on all cylinders, Monsanto lifted its guidance on Thursday. For 2008, the company plans to earn a net $2.50 to $2.60 a share, far higher than the previous range of $2.20 to $2.40. But Wall Street analysts are already expecting profit at the top end of the new forecast, $2.59 a share. (See: "Monsanto Grows Investor Pleasing Profits." )
Monsanto is betting that agriculture's heydays are far from over. Despite new concerns that the corn boom might go bust in the U.S., Monsanto is ramping up production for corn products. In October, the company announced it is building a new processing plant and expanding another plant, in a bid to double corn seed production in Nebraska. (See: "Monsanto's Cashing In On Corn." ) It will spend $155 million to expand a current facility and create a new 145-acre processing plant in York County in Nebraska. The expansion and construction projects should be completed by the end of 2009.
In Thursday's profit report, the company said it was experienced "strong early-season order patterns in the United States for the company's corn business ... Monsanto now expects that its DEKALB corn seed brand in the U.S. could realize an increase of 2-to-3 percentage points, up from its previously announced range of 1-to-2 points."
The boom seems to be more impressive in America's neighbors to the south. In Brazil, the swift rise in corn prices "have resulted in an increase in the number of total corn acres planted within the country to approximately 35 million acres," Monsanto predicts that the region will see higher than expected levels in corn and soybean production.
In conjunction with its profit report, the company also announced progress in its research and development pipeline. Monsanto said it has advanced or initiated 10 biotech projects. "We are now seeing the deepest and most-compelling research pipeline to date," Chief Technology Officer Dr. Robb Fraley, said. "This unprecedented progress and the sheer momentum of the pipeline reinforces our commitment to deliver high-quality products to farmers."
Other agricultural companies were up on Thursday, including Syngenta which rose 8.5%, or $4.32, to $54.95.
He really does look like Irwin Olian - Chairman, CEO and President of SCM!!!
http://media.richmondclub.com/Luncheon/SCM0ct2307_files/Default.htm
Maybe they can grow something on the property...
Its like a Quebec with weapons.
From Vast MD&A...
During the nine months ended October 31, 2007, the Company began the process of exploring the possibility of acquiring oil and gas concessions in the country of Kurdistan. Accordingly, costs totaling $228,724 associated with this development project have been capitalized as at October 31, 2007...
The Company is optimistic and continues to investigate its strategic alternatives. The Company has recently hired a new CEO and management under his direction will review all of the Company’s assets. The alternatives may include, among other things, revisions to the Company's strategic plan, asset divestitures, operating partnerships or identifying additional capital sources. The Company does not intend to comment on developments regarding the evaluation of alternatives until such time as the Board of Directors has approved a specific course of action or such a decision regarding a specific course of action is probable. There is no assurance that this process will result in any changes to the Company's current strategic direction.
Sacre-Coeur drills 93.0 m of 0.81 g/t Au
2008-01-03 04:43 MT - News Release
Mr. Irwin Olian reports
SACRE-COEUR REPORTS 250 METER STEP OUT YIELDS 93.0 METERS GRADING 0.81 G/T AU AT MILLION MOUNTAIN; HIGH SULPHIDE PORPHYRY BODY DRILLED AT OLD GRANNY TARGET AREA 1 KM TO THE EAST
Sacre-Coeur Minerals Ltd. is continuing drilling to expand the gold resource at its Million Mountain project. Drill hole MM11007 drilled more than 250 metres south of its last reported drilling, encountering 93 metres grading 0.81 gram per tonne gold. Step-out drilling is continuing to expand the gold-mineralized body to the south. The company has now completed three lines of drilling at 50 metres, 150 metres and 250 metres respectively, located south of the last reported drilling. In addition drilling along the Northeast margin of the known resource body has been completed. Assays remain outstanding for approximately 20 infill holes drilled into the Million Mountain main mineralized zone.
TABLE OF SELECTED DRILL RESULTS
Drill hole From (m) To (m) Interval (m) Assay (g/t Au)
MM11007 73.0 166.0 93.00 0.81
including 129.70 134.98 5.28 4.01
MM10707 10.13 21.3 11.17 0.58
43.90 61.80 17.90 0.81
DRILL HOLE SURVEY DATA
Drill hole UTM grid East North Collar. Azimuth Inclination
No. (m) (m) Elev (m) (true N)
MM11007 21N 241223.76 696712.19 65.94 286 -60
MM10707 21N 241146.10 696840.69 71.31 286 -45
I could work with that.
By then they will be covering cause it will be over $5
Post it when you find out.
ALM hasnt doubled in five weeks and considering that 75000 shares short is squat.
Ya someone came knocking on the door no doubt.
ALM hasnt had a pp?
Who knows maybe buying up land for a pilot plant, could be a lot of reasons.
I know you already said that. Problem is we will never know will we?
The short position may increase doesnt mean its due to the pp.
Very possibly, I think either the placement was to bring parties in similar pattern as EMC or to accelerate development.
I bet your wrong about the PP'ers
United Phosphorus looks at buys to sustain growth
http://in.reuters.com/article/businessNews/idINIndia-31104620071224
Mon Dec 24, 2007 3:56pm IST By Prashant Mehra and Bharghavi Nagaraju
MUMBAI (Reuters) - Agrochemicals maker United Phosphorus Ltd is eyeing acquisitions in Asia, Latin America, eastern Europe and Africa to expand its global presence, a top official said on Monday.
The firm believes the agrochemicals industry is on the verge of consolidation as small players find it difficult to sustain operations and large players push for higher growth.
"We are agnostic to the size and geography of an acquisition," Chief Financial Officer S Krishnan told Reuters in an interview. "We are as passionate in working on a $10 million deal as we are on a deal worth a couple of billion dollars."
Earlier this month, Australian farm chemicals maker Nufarm, valued at $2 billion, denied a newspaper report that the Indian firm was in talks to buy out the company.
In October, United Phosphorus unsuccessfully bid for Japan's Arysta LifeScience, which was ultimately snapped up by European private equity firm Permira with a $2.2 billion bid.
However, analysts believe there is a possibility United Phosphorus may enter into an alliance with Permira to help manage Arysta's operations. Krishnan declined comment.
ACQUISITION VALUE-ADDS
United has actively chased brands and companies to widen its global presence, with a dozen acquisitions since 2006.
"We look for market access, distribution network, and registrations access in an acquisition," Krishnan said.
It expects to boost performance at its biggest acquisition, French agrochem firm Cerexagri, by posting operating margins at 20 percent-plus levels by April-June, from 9-10 percent now.
"The perception that the Cerexagri acquisition and its integration would stretch our bandwidth is not true," he said. "In fact, it is the opposite. The relationship with the global firms that Cerexagri's team brings is a great value-add."
However, the Cerexagri integration would hurt United's short term operating margins. For 2007/08, consolidated margins are seen falling to 19-20 percent from 25 percent last year.
Krishnan forecast revenue of $825 million (33 billion rupees) for the full year, up 35 percent from last year, as it pushes for a strong pipeline of off-patent products.
INDUSTRY ON UPCYCLE
The general boom witnessed in commodities is yet to sweep across the agri-commodities sector, Krishnan said.
"Agriculture will see interesting times ahead and usage of crop protection products will be higher." Growing food demand, changing consumption pattern in major continents and rising interest in bio-fuels would drive growth in agriculture, he said.
"We have one of the more balanced product portfolios in the industry," Krishnan said. "We believe we haven't yet reached a mature level in any of our markets."
http://www.uplonline.com/
I think the opposite because they expire in 15 months and the company doesnt need the money anyway, see my previous post.
Unless they have a lot of spending announcements coming up but I think this pp had more to do with bringing certain parties on board than raising dough.
With EMC Paul got funds involved early http://investorshub.advfn.com/boards/replies.asp?msg=25516192
So PowerOne involved again along with one other finder. lowpdop's "2008 Time line" post got me thinking...
Cost 2008:
Acquire 3D seismic = 1,000,000
ENG/GEO Consulting = 750,000
Pilot Drilling Studies = 3,000,000
G&A = 750,000
2008 estimated costs = 5,500,000
Of which they just raised 2x that 11,000,000 (so probably no big PP’s for a while at a lower share price)
I went to look at the corporate presentation on the website and its gone but got this...
Share Structure
Shares outstanding 24,768,422
Working capital $2.4 million
Fully diluted working capital $9 million
Institutional ownership Over 25%
So fully diluted they have access to $9 million, the last private placement
http://investorshub.advfn.com/boards/read_msg.asp?message_id=19000132
has 7 million warrants expiring on April 20th.
So why this placement? they didnt need the money.
Potash One 4.15-million-share private placement
2008-01-02 14:44 MT - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 19, 2007.
Shares: 4.15 million shares
Price: $2.65 per share
Warrants: 2,075,000 share purchase warrants to purchase 2,075,000 shares
Exercise price: $3.75 for a 15-month period. However, if four months and one day after closing, the shares of the company close at $4 or more for 10 consecutive trading days, then the company may, upon written notice to the warrantholder, shorten the exercise period to 30 days.
Hidden placees: seven hidden placees participated
Finders' fees: 175,000 units (comprising one share and one-half of one warrant) payable to Peninsula Merchant Syndications Corp. (Sam Magid). 31,500 units (comprising one share and one-half of one warrant) payable to Powerone Capital Markets Ltd.
Thanks lowpdop, looks like some good news flow coming in the next few months.
Stick with it, my first day (morning lesson and runs 2 yrs ago) was brutal but steady improvement and less pain ever since.
I might be convinced to meet in Vegas :)
True, his tendency toward trees could be a liability on the slopes.
Lets start a list, could be he doesnt want to get embarrassed on the slopes.
I dont know but I will try and find out.
Happy New Year everyone and all the best in 2008!
Happy New Year everyone and all the best in 2008!
OK so when and where are we having the Grass Roots mountain rendezvous?