Encanto Potash Corp V.EPO.H

Chill

[bettindahouse]

I'm just as antsy as the next guy and I didn't expect the market to take such a significant turn a few years ago, but I think it's a little premature for people to talk about jumping ship. If you want an update of where we are at, just pay attention. We are waiting on our CEO who is: "a lawyer by training, President of WDH LTD., a Government contractor specializing in infrastructure and national security projects. Stavros has extensive experience in high level Government and finance contacts both domestically and internationally as a result of his company's dealings." (Encanto website)

And this is what we are waiting on him to accomplish: "Encanto Potash Corp. has announced that it has filed the requested project information in advance of its application for supplemental funding across various government departments led by Indigenous and Northern Affairs Canada (INAC) – a federal government department responsible for meeting the Government of Canada's obligations and commitments to First Nations.

The information included upcoming steps of the feasibility study, as well as the projected economic impact for Muskowekwan First Nations, the province of Saskatchewan, and the Canadian federal government. The information also consisted of a detailed cost forecast and schedules of engineering works planned for this year. Over the next few weeks, Encanto claims that it will work with INAC to present specific project elements for funding to the appropriate federal, provincial, and regional departments." (https://www.worldfertilizer.com/potash/31012018/encanto-potash-corp-files-project-information/)

Aside from that, hopefully the heavy hitters from India who joined the board (one as chairman) will be able to help us connect some additional dots. 

Nothing has materially changed in the market yet, particularly in Juniors' favor. India reducing their potash subsidy didn't help and unless Russia/Belarus get aligned or fall on their face, prices won't recover over night even though they appear to be increasing.

I'm still long but may be too old to enjoy my money once this hits.

Good luck to the other longs.