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PhosCan Chemical Corp PCCLF



GREY:PCCLF - Post by User

Post by BennyFarmson Jan 27, 2013 3:20pm
216 Views
Post# 20896462

Accumulation in Recent Weeks

Accumulation in Recent Weeks

The company is well financed with $6o million working capital management has kept intact and out of reach from cash stalkers, it has Eric Sprott as a major shareholder at 21% and who has remained bullish on the agriculture sector throughout the post-crash lull, and it has a strong management team headed by Stephen Case who has been working on this story since 1997. Furthermore, fertilizer plays are becoming hot again. FOS has been churning below $0.30 while the market was unsure if the cash would simply vanish into the black hole of an acquisition thrust upon the junior by impatient shareholders, but in recent weeks the stock has picked up volume and is developing a new trading range where bottom-fishers better hurry before it breaks out on another RUN like it did in early 2011 to just Shy of $1.00 per share..

Lets remember that FOS completed a series of significant financings that culminated in a bought deal of $55.1 million at $1.90 per share  in late May 2008...and this Cash is still intact on the Balance sheet today

 

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