TSXV:EPO.H - Post by User
Post by
srpaton Sep 13, 2012 3:57pm
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Post# 20359460
Western gets hit with downgrades
Western gets hit with downgrades Looks like Western just had several downgrades. Confirms my belief that nobody is willing to raise the price of any of the potash juniors until they either get bought out or have a solid strategic partner. Doesn't seem right to me -- usually you have a build up in price as junior explorers get closer to the final stages of exploration. Now, nobody wants to give you any reward until you are either ready to start building or get bought out.
Looking at the charts of previous potash acquisitions over the last few years, the companies moved up steadily as they built up their resource. When the buyouts happened, they were for a premium to current share price, but only by 20-30%. For the same news for Encanto, or for any other junior you like, there needs to be a several hundred percent gain upon a buyout announcement or strategic partner given the incredibly low market caps on all of them.
Anybody else happen to notice all the buying, and selling, by anonymous lately? If any of you market makers are listening, cut the bs and give us the valuations we deserve.
srpat