GREY:EMPGF - Post by User
Comment by
Synguton Apr 16, 2014 7:53pm
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Post# 22460990
RE:I like the way EPM is going up
RE:I like the way EPM is going upThere is no shortage of SOP. If that was the case SOP would be selling for $600-700. EPK would be trading over $2.00 now. This is a great time to get in while potash is in a down cycle. Once the Russian cartel get back together and we see fixed pricing across the board, look out! Until then, these effing Russians are trying flood the market, and keep the prices low, in hopes of pressuring Greenfield projects. No financial institution wants to lend money to any potash junior that has a high CAPEX and/or OPEX. That is why EPK received financing, and on such favourable terms..their CAPEX was very attractive. I see nothing but good things with this company, other than OPEX being a little high. GLTA