I only have 250.000 Shares, but this little they will not get for 0,66AUS. I will buy more, next stop is 300.000.
I am also happy when ELM is taken over or get a STRONG partner. But not for 190 million, and not Chinese as partners.
Only the Kola project must have even in bad times a value of 300 million (way too cheap), especially in the development stage, as already secured resource and the BFS soon (already is) is ready. In this area are two other resource areas, with Dougou Sylvinite and Tangit mi Carnalite, just not drilled extensively, but with insane upside potential.
If here no major like Mosaic, Vale or BHP makes an offer, then I do not understand their business understanding, and i would dismiss all those responsible people for future planning immediately.
None of the big players have such a project like ELM, and they want to leave it to the Chinese for 190 million? The big plyaers want that the main customer (Chinese) produce their own Potash? Well, then you all know where the Potashprice will be going. And then the major have greater losses than the measly 190 million for ELM. It would also be an option to buy ELM and slow to develop, but not yet build a large production. Others lay expensive projects such as Jansen, BHP or Vale of Brazil project simply on ice and think about it again in 30 years.
For major potashproducer: Not give ELM to the greatest customer at a spot price.
K2P Price at posting:
52.5¢ Sentiment: LT Buy Disclosure: Held