Not a very active board here, but if you pull up a chart and look at the period of Aug '10 to mid Nov '10, you will see a nice rise in the stock, with higher lows and higher highs, moving from 0.13 to 0.22 and always staying above the 50 day moving average.
In the last week of November, it doubled in price to the mid 40 range.
Now, if you look at the chart from Nov til now, we have had steady increase with higher highs and higher lows, and never dipping below the 50 day moving average.
Encanto is one of a few left with land in potash country that would be considered take out targets. Big money still wants their share of the pie there, and will be interested in the long term, not so much how quickly they can get product to market.
It is hard to imagine how this stock can go anywhere but up over time. Look at the board of directors, seasoned players with a broad reach. The natives will want this for the economic life changing impact it will have for their people and way of life.
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