Why I'm not worried and bought back... I like to buy when I see what appears to be unexplained "panic selling",especially if its on small volumes....Also,I felt uncomfortable without those shares I had sold earlier! Buying back at a discount was a nice bonus :)
Did anyone else beside me see the significance of Yara's deal with ICP and the appointment of
jorgen stenvold to board of directors
https://www.icpotash.com/news/2012/index.php?&content_id=325
Do just a little dd on da man and you'll find this
https://translate.google.ca/translate?hl=en&sl=no&u=https://www.geo365.no/bergindustri/etiopia-en-annen-kultur/&prev=/search%3Fq%3DJorgen%2BStenvold%2Byara%26biw%3D1014%26bih%3D454&sa=X&ei=9wtyUbOkG-_oiwKV_YH4DA&ved=0CFgQ7gEwBg
Excerpts(for some reason i couldnt post the wholle article because an error message "profane words found" ????)
For Jørgen Stenvold however, it is business, not an ordinary such, for the past year he has spent many weeks on the toad flat plains of Ethiopia, specifically in the Dallol in the Afar region.
Feeling that it is warm is very much real. He is the hottest place on Earth. No other place is it measured higher average temperature - full year - than here. It is so hot that most of the moisture disappears "like dew to the sun."
- It is the element potassium looking for, and potassium is found that potassium chloride (sylvitt, KCl) and potassium sulfate evaporites, says Stenvold.
Potassium is included as one of three elements in fertilizer, in academic circles referred to as NPK (Nitrogen, Phosphorus, Potassium) and is therefore an essential raw material for fertilizer producer Yara.Yara has, however, no own production of potassium.Potassium purchased instead of three large suppliers.Our aim is to produce from its own mines and become self-sufficient. The prevalence in Ethiopia is one step in that direction.
- The goal is to produce one million tonnes a year from this occurrence, said Stenvold. But first reserves surveyed and calculated and, therefore, it has been drilled many wells.
An Indian company is the operator. Yara is currently only partner in the project. The company will still have full control of everything that goes on, so periodically they send down his Norwegian expert to see that operations are proceeding according to plan. For Yara is essential. What a curious geologist is the spice of life. And tiring days.
A globetrotter
Stenvold is a graduate mining engineer from NTNU and has many years experience in Store Norske's activities on Svalbard and in Finnmark. He has been looking for coal, gold and other metals. But last June, it was time to replace the pasture. He was curious to explore new hunting grounds. A newly created position of Yara focusing on business development tempted. The sailboat harbor shifted from Longyearbyen to Oslo, and an apartment just off Yara's headquarters at Solli Plass was next profile.
- The transition from the free life on Svalbard to the urban life in Oslo great set gone smoothly. But of course, sometimes I miss the light and the infinite nature.
Yara aims to establish large-scale production of potassium and phosphate in order to achieve the objective of self-reliance. George's job is therefore to follow up projects that were already under way when he started, and evaluate new project proposals that keep the door from the so-called junior companies.
- Most of what we get for review is nonsense, but it can also appear goodies. All proposals get a chance.It is not without reason that junior companies have gained an important position in the mineral industry.There are plenty of examples of the major mining companies have acquired projects developed by small companies with expert geologists.
Yara also work proactively. Internal knowledge is exploited, but the company is still in a learning process, and steadily increased its staff with experienced mining people.
- We have a lot going on, including some in Norway. There is no shortage of either ideas or projects. As a general rule we go not into the idea stage. We prefer to enter the established projects, points Stenvold.
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LOOK WHAT HAPPENED AT THE COMPANY(DETAILED ABOVE) THAT HE WAS INVOLVED WITH
https://www.reuters.com/article/2012/04/27/idUS71798+27-Apr-2012+HUG20120427
Yara increases ownership in Ethiopian potash project
* Reuters is not responsible for the content in this press release.
Fri Apr 27, 2012 2:10am EDT
Oslo (2012-04-27): Yara International ASA has agreed to increase its ownership in Ethiopotash BV from 16.67% to 51%.
In 2009 Yara entered into an agreement with two partners to participate with 16.67% ownership in Ethiopotash. The partners were XLR with 57.33% ownership and management of the company, and Seftec with 26% ownership. Yara has now agreed to increase its ownership to 51% and take over management of the company, while XLR will retain a 49% ownership.
Ethiopotash is developing a potash resource in Dallol in the Danakil Depression of Ethiopia, based on the mining and exploration permits held by the company.