Spur Ventures (TSX: SVU) is a once in a lifetime agriculture play that provides a unique opportunity to invest into China from Canada! SVU is focused on the rapidly growing fertilizer industry and China has the fastest growing fertilizer market in the world! SVU is trading for only slightly above its cash position with no debt. SVU uses PricewaterhouseCoopers as their auditor, which is the second largest accounting firm in the world.
SVU is currently only $0.47 with just 60.4 million shares outstanding and a market cap of $28.39 million when they have $23.55 million in cash and NO debt! SVU's agriculture business is being valued at only $5 million, but I estimate that SVU's assets (not including their cash) are worth north of $50 million!
SVU has seen no major dilution in almost 6 years! Back in July of 2005, SVU issued 17,142,858 shares in a private placement at $1.75 per share, raising $30 million in cash and increasing their shares outstanding to 58,090,520. In comparison to SVU's current shares outstanding of 60,407,187, SVU's shares outstanding have only increased by 2,316,667 over a 6 year period!
I have been working for many hours this evening writing my report on SVU that I will be releasing Wednesday evening after the market closes! This report will make it clear to the whole world why I believe SVU could become not only our biggest play of the summer of 2011, but our biggest summertime play in history! After reading this report, I bet you will understand why I have given SVU a speculative rating of 1, my highest level of confidence!
We may never come across an opportunity similar to this ever again. If there was ever a time for me to change my speculative rating system and implement a new rating that is even better than 1, this would be it right now, because SVU would deserve that rating!
Be ready Wednesday evening, you will not want to miss my SVU report! I highly recommend sharing this report with all of your friends and family members because I believe they will all be thanking you very soon!
