TSXV:AAA.P - Post by User
Comment by
Potashproon Oct 07, 2010 12:10pm
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Post# 17540703
RE: RE: I am out, too much (Potashpro)
RE: RE: I am out, too much (Potashpro)I'm saying that management would have had higher expectations for the end result. If you look at historical results in the depression, the expectation would have been high to meet or exceed previous results...something which was obviously missed. this tells you that they have yet to overcome the technical challenges of the formation; something that can and will be very costly to discover - if ever. So no, management would not be pleased as it does not advance their exploration program.
RE management and powers behind AAA; they are solid business people. They will have already recognized this major setback and will at some point put the plans in motion to extract as much value for shareholders as they can on this venture and move to the next. they are no fools. they know some win, some don't, but I'm sure that if they plan on moving this project forward AND if their Chinese partner is interested, it would make more sense to sell it outright, retain a royalty on potential future production, and either move to their South American asset or vet in another Bharti Project into the shell.
On the Potash Exec...brings very little value to the board. i would have preferred to see them bring in a successful promoter or a successful Junior Exploration and Developer. Realistically, if they wish to continue with this venture, the same two things that every other Potash junior faces is in front of them...Time and Money...and this retired Potash feller aint gonna add value to either need.