RE: Takeover versus joint venture In Nov. 011 John stated that they want a 51/49 % (jv.partner/wpx) business-solution.
In the last interview, a few months later, (pdac 012) he talked about a more variable range - 60/40 %.
Guess why, i think, there´s motion in the negotiations and the most would like to get it all.
Hmm, a additional emission would be one possible way.
But otherwise,another example, a jv-partner offers at the market 2,50 - 3,50 bucks per share,
how many would sell their shares, would it be enough to get a/the 51-60 % ownership ?
ps:
a price average estimation of 375 p . t. is very conservative.May be some would say, it´s a little bit pessimistic.
anyway , we shouldn´t forget , it´s about potash ,like oil or gas, applicate/use it and it´s gone.
i.e., phosphate is another story , it´s retrievable.