GREY:MAAFF - Post by User
Comment by
mtsuiton Jul 30, 2008 11:51am
269 Views
Post# 15343357
RE: NEWS - MagMinerals Potash - EDIT
RE: NEWS - MagMinerals Potash - EDITThey've got $100mm in the
bank so no crisis. They've got Ameropa as a major partner. MAA took advantage of its strong position by opting not to force the financing into a weak market.
My guess is that Brazilians, Chinese, and Indians, would
love to buy this project and loosen the control of the potash oligopoly. It's especially attractive for Brazil since it's right across the water. I think MAA could sell this at any time, but they think s/h will get more value from developing the project. My guess is that Canadians [not chinese] and Russians would also
love to buy this project in order to preserve their oligopoly.