RE: Bad News for CDN Potash JuniorsWe ALL know what a fan of Allana you are! Current price forecasts are made to be changed later. It is far easier to say we made a mistake when you are on the low side. Not sure where his data comes from but simple economic and middle class growth in China alone will mean more demand for farm fresh products. China is not the powerhouse it is and will remain to be because they are daily data driven. They are known to look far into the future and that strategy has worked pretty well for them. Their need for potash is huge and growing, fairly sure they realize that. They will look at this forecast as an opportunity to lock in their own supply needs at bargain prices.
WPX has been being held at current prices for a while despite all expectations for a revaluation of the stock to reflect fairly as compared to KCL. Creating a history or trading at these undervalued prices for one of two eventualities; takeover or financing. My bet is takeover..........soon!
IMHO only