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Bullboard - Stock Discussion Forum AgriMinco Corp ETPHF

Chemicals Chemicals
AgriMinco Corp is engaged in the development, exploration, and evaluation of agricultural and industrial mineral projects across Africa. The company's project profile includes Southern Togo, Bassar, Danakil, and Oglat and Taoudenni.

GREY:ETPHF - Post Discussion

AgriMinco Corp > Yara
View:
Post by AdamPJ on Apr 27, 2012 11:20am

Yara

Could they be our partner?:)

Yara increases ownership in
Ethiopian potash project
Ownership increased from 16.7% to 51%
Yara takes over project management
Feasibility study completion expected
mid 2013
Production start-up 2-3 years thereafter
Estimated capacity 1-1.5 million tons
Thanks To
Bob
Comment by BlindBat_1 on Apr 27, 2012 12:11pm
It would indeed be a nice outcome - however I am not aware that Yara had in the past ± 16% ownership of FED. Furthermore for them to take a 51% stake it would mean having to make a formal Takeover offer as anything hitting the 20% + share count triggers such.   Lastly, if I recall the last comment from Roach, what was on the table and offered was a 19.9% interest/ownership ( hence ...more  
Comment by AdamPJ on Apr 27, 2012 12:21pm
Sorry Blindbat but this a a 51 % stake in the Sainik Yara JV, Which means they like the basin and I would Imagine are coveting feds assets 
AgriMinco Corp
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