Tough Questions to be asked at AGMIt will be nice to meet you today Mr. Brown at the AGM, put a face to the name.
1) What is the cost of the Mg pilot plant proposal? Mr. Phinney will be able to expand - is it near $100 million, is my guess. Will be a long term return on investment.
2) Who could be possible new partners for KRN?
Agrium has quietly acquired 40% of the retail distribution in North America, under the CPS flag. I am sure everyone is aware Agrium did this to sell their Potash manufacturing thru their retails. That leaves 60% of North American market as an opportunity, current retail price in Sask is $325/tonne CAD. Current Midwest potash price $223/ton, USD. The price from 2010 to 2013 was closer to $600/tonne, and yet no financing was obtained by previous KRN management.
Mosaic has closed plants, waiting on higher price
PCS - has closed NewBrunswick plant and scaled back production in Sask, from what I hear Mr. Phinney has a reputation with PCS, not a great working relationship.
BHP - Is looking for a partner in their existing 70% built mine, not purchase another mine, the idea of BHP buying KRN is completely ridiculous.
Yancoal - Will supply Chinese needs in future, cannot see them interested in another mine.
Possibly the Belarusians or Ukrali, or maybe Russians. I am sure they are great to negotiate with.
Let us vote on the GSFC proposal, the 3 friends (Robin, Henry and Sue) did not want shareholders to see the proposal.
From what I can see the GSFC proposal has expired anyway. Mr Brown, and Mr Phinney's family will get their wish of a free agent as of October 1st, back to chasing financing, we all saw this from 2009 til 2014, it was not a pleasant time for KRN shareholders.
Just my thoughts,