TSXV:AAA.P - Post by User
Post by
Synguton Oct 15, 2013 8:08am
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Post# 21815746
Nice to see Baumgertner getting charged in Russia
Nice to see Baumgertner getting charged in RussiaThe more I look at what Baumgertner did to the potash industry, the more I am in favor of this guy seeing some prison time. It's one thing to want to break-up the cartel and go solo. However, to make a statement that he is going to drive prices down to the $300.00 level is sticking to the entire potash industry. Over the weekend, Mr. Nejib Abba Biya states that investors are shying away from investing in potash mines. Allana has gone to some of the top conferences to present, and what do have to show for it? Investors indeed are shying away. Before the cartel break-up we were heading upward @ $0.55. Since then we learned of the Nova propery potential and they received their license. Instead of trading $0.90, we are trading at $0.47 today. Hopefully, by the time Allana starts production the Russians will have resolved their differences, and an unlimited ceiling of potash pricing will be restored.