GREY:MAAFF - Post by User
Post by
stocktaon Sep 18, 2009 9:22am
448 Views
Post# 16317892
Comments by Analyst in April 08
Comments by Analyst in April 08Here is a comment I pulled from Stock Chase (a site that aggregates BNN analyst comments) made by Ravi Sood back in April 08 regarding MAA
"Potash play. A very large extremely profitable potash project in West Africa, Magminerals will be spun out as an independent company and will be valued about $4 per share giving a huge premium on today's price. Also have residual operations of forestry and power generation worth about $1.50. Gives close to $5.50/$6 per share of value. You won't capture all this as it will probably trade at discount, but it gives a huge upside from the current price."
Now the potash price on open market is slightly below what it is now but the long term potential has not subsided. You can see that the targets set by some of the houses currently is very conservative if this deal goes through.
Sit and hold tight, out time will come.