GREY:MAAFF - Post by User
Comment by
Resilienceon Nov 02, 2009 2:35pm
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Post# 16444978
RE: Maa Vs. AAA - about value for ur money
RE: Maa Vs. AAA - about value for ur moneyI agree they're not comparable but it just depends on what you get for what price. For 80 mln cad you probably buy the whole of AAA at a buck a share. Operating Costs and total minable Potash is likely better for AAA weighed up against longer lead time. But if MAG doesn't get the money and AAA does, AAA will still go first.
China is looking for LT Potash reserves guys, most likely multiple companies. Just the best deal will get bought first. I think it's AAA at the moment.
But hey, I own both. Keep smiling.
R.