Prospect Global Resources Inc. PGRX

Good News for Prospect Global Also Good for Passpo

[GUNSS]

A lot going on in Arizona. Has anyone notice the slew of news and investment articles regarding Prospect Global Resources and Passport Potash? Prospect announced a $100 million debt investment from the Apollo Group and a definitive $2b offtake agreement with a Chinese company for 500,000 metric tonnes of potash per year for 10 years.

This news further validates the Holbrook potash basin in Arizona where both Prospect AND Passport Potash have significant land positions. In fact, Passport has 122k acres and Prospect has 94k acres.

A lot of focus on Prospect in the past few weeks, but Passport benefits as much or more from the attention on the Holbrook basin. Yet, Passport is trading at an 80% discount to that of Prospect Global. A bunch of recent articles on the Holbrook basin,potash in general, Passport and Prospect Global have been written lately. Please see these links of the most significant ones, And a re-post of the best video clip on Passport. Thank you. Notice that several of these articles touch on common themes, such as Passport trading extremely cheap to Prospect despite the 2 companies being very, very similar in many ways.

Passport is still a highly speculative stock, but there are a handful of people telling the story now. I think that once Passport management gets out on the road and starts to attract institutions and equity research coverage, the stock could run. And clearly from these recent articles management is putting out information and is getting the ball rolling.

https://community.nasdaq.com/News/2012-10/why-passport-potash-is-undervalued-relative-to-holbrook-basin-peers.aspx?storyid=185955

https://seekingalpha.com/article/987051-arizona-the-next-big-thing-in-potash-grow-your-portfolio-with-this-potash-junior

Signifcant insider buying of Passport Potash https://seekingalpha.com/article/950911-5-resource-companies-with-insider-buying-during-october-2012

If one is serious about investing in a potash junior, see the registration document for Passport, dated October 26, 2012, very up to date and full of excellent information....

https://www.sec.gov/Archives/edgar/data/1508128/000106299312004307/form10a3.htm

Best video clip, 6 minutes, https://www.youtube.com/watch?v=bLojGM178N4

[GUNSS]

A lot of moving parts with PGRX, here's my gut feeling on what may have happened.....PGRX and Apollo had been negotiating a convertible bond deal for months, (an educated guess due to the fairly complex deal terms). Being Apollo and having the edge in the talks, they demanded a 10% coupon, 16.7 million stock options, 4 Board seats (of 9 total), as converted voting rights, a $2 million

[GUNSS]

If one does no other due diligence on Passport Potash, at least do this. Click on this interactive map of the Holbrook potash basin. Along the left side one can toggle on and off landholdings of HNZ Potash, Passport Potash, Prospect Global Resources, the Hopi Indians and the Petrified National Forest. NOTE: The Twin Buttes and Fitzgerald ranches are controlled by Passport Potash. https