TSXV:AAA.P - Post by User
Post by
pangloss81on Jul 15, 2009 3:11pm
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Post# 16140126
countervailing pressures
countervailing pressuresAAA has a lot of countervailing winds these days. The drop in potash prices has made things much more difficult for greenfield projects and to a lesser extent for brownfield ones. Further, there has been no significant news for a long time. do we know anything about how much cash they need to drill? the wildcard here is that they could massively increase their proven or inferred deposits, but are they actually working on that? i, for one, do not know.
On the other hand, AAA remains a very economical project. I would also agree with trend--ie that it will still be possible to buy below the current sp. i would see any shares around 15 cents as very attractive. Remember, this project and company has some heavy hitters behind it.