Potash One fka KCL

[tbv]

One big difference between the two will be the long term shares outstanding. ALM will be able to keep theirs low with the current course but KCL will have to issue a good number of shares. Prepare for basher's cries of dilution when this begins. Of course we all know better but the core truth is that these spec junior will need big money to advance and whether that is by bringing in a big JV partner or issuing equity it will dilute the price per ton. I am honestly not sure which is the best way to go. I like the instant credibility that BHP brings to ALM. That opens a lot of doors to institutional holders who will not flip for 25% gains. It does give a lot of the deposit and control of advancement away to a bigger and slower moving company though. As for KCL, at the moment they may have the best of all worlds for someone focused on speculation as the hiring of Matysek brings instant cache (probably not with the same institutions that would follow BHP though) and their destiny is not controlled by a bureaucratic behemoth. When I first looked at ISX it still had Damien Reynold's fingerprints on it and looked more like one of his playthings in a hot sector. His exit (and Pinetree's too) is addition by subtraction in my book. Now this looks like a legitimate contender and has leapfrogged BLR in my eyes. I still like ALM slightly better but if Matysek works the magic that will also be short lived. This thing will definitely live or die by its promotion at this stage but I think we are all grown up speculators here who are quite comfortable with that. I was a little disappointed to see Arturo exit as his analysis has the potential to give us all a heads up about problems that could come down the road or at the very least primes you for the fodder that is going to be thrown out by the other side once promotion gets under way. Worrying too much about feasibility at this stage is premature though. If this plays out like Energy Metals then feasibility will be someone else's problem that happens at multiples of the current share price. Personally speaking I won't be around at that time as I like to play that at the early stage.