RE: RE: NEWS: Management Change + more YES ! Sometimes it requires a visit to "rock bottom" for management to wake up and smell the coffee.
I could not be more pleased with a NR than I am with this one.
I'm sure the new shorts are not very happy as their numbers increased to 430k from 43K between Feb 15 and Feb 28. After the news I saw Anony add a big buy to the mkt depth, so I will expect to see some covering tomorrow. They pulled their bid after hours, and I'm sure the reason is that they don't want to signal short covering intents. Watching the tape can be very revealing even if it is often considered an old man's tool LOL.
Imo, this is one of the top 10 potash development plays on the planet. That is including the few remaining potash juniors in Sask, who imo, don't have a chance at furthering their projects as POT and the other large players are sitting on hundreds of years of resources in Sask, and can expand at will far more cheaply than what it will cost WPX and EPO to execute entry.
Brazil, India and China are tired of buying from Canpotex and the Russian cartels, so look outside those cartel areas for development ops imo.
I am sticking with my Brazilian plays NPK and RVD, and FED. AAA I am still on the fence. It looks very cheap but that last PP was not necessary and harmful imo.
FED has 3 times the land in the basin than AAA and the potash is closer to surface. Despite developments to date, that simple fact will rule come takeout time.
This is a very simple geological play, and only bad management could screw it up. That appears to have finally been recognized., and acted upon.