AgriMinco Corp ETPHF

India Fighting back on Potash Prices:

[STVP]

These types of news are only positive for the Ethiopian potash basin and we know FED controls more than 50% of the basin fairway. Producers from this basin can be very profitable with potash prices at $400 or less (you can't say the same for most parts of the world where potash is mined). With India setting up that $20 billion fund to acquire fertilizer assets in Africa and other parts of the world we can really see these investments coming to Ethiopia very soon due to these high Potash prices that India is fighting. It will show the farmers of India that their government is fighting for them if they make an announcement soon concerning fertilizer assets the fund is starting to acquire.

https://potashinvestingnews.com/4396-uralkali-potash-imports-india-price-cuts.html

Open pit potash mine would be tops on list of fertilizer assets that $20 billion fund would want to buy. From what I heard in the past, some reasons Sainik didn't develop their potash asset in the basin was because it had been over drilled and wasn't good for solution mining and that they also didn't have the skills/technology for solution mining. Now with open pit mining you don't have to worry about those things so again FED is really on the radar screen of those looking to acquire potash assets. Just think about the situation with FED on a realistic basis - they are the only ones with open pit potential, they have billions of potash resources on their land with good grades, management had to put a poison pill strategy in place to try and fight off early take out, they have enough cash to take them through a 43-101 report stage and management owns a lot of shares (they are not going to dilute themselves).