Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

WESTERN POTASH CORP T.WPX

"Western Potash Corp is engaged in the acquisition, evaluation, and exploration of mineral properties containing potash in Western Canada. The Company holds interests in the Milestone Project located in Southern Saskatchewan."


TSX:WPX - Post by User

Comment by jonathanRdeCon Jun 21, 2013 11:49pm
194 Views
Post# 21563217

RE: RE: RE: RE: RE: Deal

RE: RE: RE: RE: RE: Deal

Cacheitup, you seem to forget that both the saskatchewan prime minister and the canadian government have stated that they are not favorable at all about acquisitions from foreign state owned companies. That being said, if they ever tried to buy the whole company, they would face opposition. It happen when Sinochem wanted to outbid POT. They have lived it once and they still face it everytime they want to acquire companies. What about Buying Vale's land. Well, they would have to wait years for the different stages of approval while facing opposition from government because they are not a private company and the canadian government, as stated, said how warry they are of state own companies. What about financing...well, it's really not that much of a deal. CNOOC is big and state owned...guess what is also state owned...China investment corporation the largest sovereign fund in the world, who by the way, also wanted to join in for POTASH. Do you know about their warchest ? 200 - 300 billions. You heard it...what are they looking for ? You guessed it...investing for the government of China. I will not even talk about the capacity of Chinese controlled bank with hundreds of billions more. You think Chinese work the same way north americans think about investment. They invested trillions in phantom cities....why ? They invest for the long term. Quick returns are not what they are looking for. If you had the fact that they need...and i mean NEED to feed 1.3 billion people, what is 4 billions in cash ? They created funds with hundreds of billions to make acquisition and that's not even including what the state owned companies can invest or their banks. One question for you, how much is feeding your country worth for a government ?

<< Previous
Bullboard Posts
Next >>