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Encanto Potash Corp V.EPO.H

Alternate Symbol(s):  ENCTF

Encanto Potash Corp. is a Canada-based exploration and development company that is focused on potash properties in the Province of Saskatchewan. The Company is focused on the development of Muskowekwan First Nation (MFN) reserve lands located approximately 100 kilometers north of Regina, Saskatchewan. The Company's wholly owned subsidiaries include Encanto Resources Ltd and Encanto Trading Corp.


TSXV:EPO.H - Post by User

Bullboard Posts
Comment by RetiringYoungon Apr 27, 2015 9:15am
222 Views
Post# 23666653

RE:RE:RE:RE:RE:insiders

RE:RE:RE:RE:RE:insiders"Fluffy NR" - Ya right....

Encanto has received confirmation that RCF management has now approved their multi billion dollar offtake agreement on behalf of a larger group if Indian potash distributors. It's on to the RCF Board for approval.

"Encanto has been informed by the lead of the Indian Fertilizer Consortium, Rashtriya Fertilizer Company ("RCF") that our negotiated long-term potash offtake proposal has been scrutinized by RCF management and is currently being presented to the their Board for approval.  Encanto anticipates a favourable response from the RCF Board as well as a positive response from the Ministry of Chemicals and Fertilizers."

Would you suggest that they withhold this infoirmation and do a financing at .09 (the price prior to the NR)?

and 

Insiders will be subscribing for a minimum of 9M shares in the placement.

For those for whom math is not a strong suit, 2 + 2 still = 4. Fluffy NR? Short of the offtake itself or a buy-out, this is probably the strongest NR ever released by a junior potash company imo. Investors are justifiably wary within the sector but the 95% of investors who have never heard of Encanto are hopefully about to find out. Every news outlet and analyst will cover a multi billion dollar offtake.

btw, what's the next junior potash thread to troll on once EPO becomes the first junior potash mine?
Bullboard Posts