RE: truth Sorry, I wish I did. I was posting on Wpx board only.
I am not saying sell at this price. For all I know this could bounce to .37 next week.
The sp of this and all other juniors will trade up and down for a quite a while irrespective of what is said on these boards.
this could go to .50 on good news and it doesn't have to be EPO news.
im just stating my opinion that I can't see them getting finance and getting into production. But that is just my opinion.
the problem that I see for Wpx and EPO's share price is not this month or next month, but it is a problem 1-2 years out if the timelines for strategic partners , financing and construction have not been met.
EPO is in a better position IMHO because they don't yet have a feasabillity so their timeline is pushed out.
and while I think they will never build a mine they may very well secure an offtake agreement because the Indians might view it as a good negotiation tactic with Canpotex, and that would have a positive effect on the sp.
i think time is running out more rapidly for Wpx as they have been at the dance for longer, their cash position is low and they have already been publicly turned down .
In their investor presentations they have declared mid 2013 as when they start building the mine.
we are nearly there now and no sign of a build. I think the market will eventually start to punish the sp for this.
watch out for the same milestones on EPO, and selling on the news, rather than buying on it might be the order of the day for some.
if I owned EPO, my biggest concern would be Rashtirya putting another document on their website that gave an indication that they had concluded negotiations or were exploring other options.
one thing I have learned, very painfully by the way, is that in the resource and mining business there is way more variables that can effect a company negatively than there are positive ones.
it was once explained to me that out of say 1000 resouce companies with an idea or plan, how many make it into production and are profitable? 1 maybe 2 at best!
for junior potash plays, I heard on a bbc program that their are 200 or so prospective mine plans out there and the that only a tiny proportion would get built
i am betting that Krn is that one out of 200!
And people here are wagering that it is EPO.