RE: RE: RE: Smartinvest Use your logic before you speak out. If chinese want to buy WPX at $0.25, why did they give WPX $32m to revitalize them by paying $0.71/per share, which is much higher than $0.4ish where WPX share price stayed there for a long time? Chinese are not stupid. They know WPX cash is low and can not last for another quarter and they also know it is a very hard time for WPX to raise finance to survive. They can just sit in sideline and wait the WPX share price fall down to 20ish in another couple of months and scoop it. Why do they wait for another couple of years and waste $32m?
If the potash market is not good and potash price is not attractive, BHP will not be in a hurry to build the Jasen mine. BHP is like POT, a market driven company, and wants to make money not send potash free to buyers selfishlessly . How can they destroy the potash market by spending lots of money? Only chinese and indian want to see the potash price down not BHP.
Anyway, if too much potash supply poured into market, do you think KRN can survive and be brought into production? Zero hope for KRN too if that is the case.