PhosCan Chemical Corp PCCLF

Morocco Beneath the Surface

[BennyFarms]

International Companies sourcing Phosphate from Moroocco better be careful. Headwinds up ahead. Morocco is currently  mining some of its this Lucrative Ferticlizer ingredient  for export from the occupied Western Sahara. The world's supply of phosphate is concentrated in just a handful of countries, with more than three-fourths of that in Morocco and Western Sahara. But exploiting Western Sahara's supply of this critical resource is controversial. Once a Spanish colony, Western Sahara has been occupied by Morocco since 1976, and roiled by regional power politics and an independence movement that waged a guerrilla war until a cease-fire in 1991. With Morocco's sovereignty over Western Sahara unrecognized by the UN, many in the international community argue that Morocco is violating international Law by exploiting the territory's resources – and that global companies should not be party to that.

Last year, the Norwegian government, which has the world's largest sovereign wealth fund, divested PotashCorp because of its purchase of Western Saharan phosphate. Several European banks have done the same. And the European Union last year ended a fishing agreement with Morocco, which included Western Sahara waters, because of concerns that it violated international law.

[stude]

Benny and Spec ....... I wish and hope you both are right with your PUMP of FOS lately . Don't guess me wrong I had some shares here too bro but under this CEO leadership , I kind of don't think any thing will happen soon . He is using FOS's cash as his monthly pay cheque like his retirement acc. He is only person make money with FOS in last 4 years bro .Jmho

[specboy2011]

Of course he is the only one here making money past few years but thats pretty much the status quo with any junior.The fact he has kept FOS with 60 million cash and not siphoneds it off into other companies or tried to steal it in some ways like a lot of other companies has gives him my vote.Yes FOS is not exciting sexy or much else right now..But i truly believe 2013 is the payday year.as for

[stude]

Pumpers have been coming and gone with FOS in last 4 yrs , check those posters and see for yourself . I don't think Mr.Case will give up " his cash cow " any time soon bro . I wish I would be wrong here but last 4 yrs , I was not .

[specboy2011]

He is gone this year if he does not perform.That was from Mr case himself...He doubted he would be running the company if no deal was in place..A large group of shareholders has been patient so far.You can guess whom they are..Either you believe or you dont.Past 4 years has been ZERO for shareholders....My risk reward strill says a better risk here with 25% less than cash per share than a flyer on

[specboy2011]

The last 4 years provided a couple decent opps to make money buing at these levels..I bought almost 2 years back a bit higher mid thirties got out over 70..I bought back a year ago 28 exited 32-33.Nothing to write home about but nice clean low risk money.......The next trade i plan on at least doubling maybe tripling......Yes a bit of HOPE in there but thats my plan sticking to it