View Full Version : Should Potash be sold..........
I was wondering about a couple of things that are never discussed.
BHP is an Australian company and Australia and China are pretty chummy these days. What is to stop BHP from buying Potash and then flipping it for a nice tidy profit to the Chinese?
The Chinese have the cash to completely privatize the company and do what they want with the potash. They could secure most of the world's production for themselves, as they did with most of the steel produced in Australia.
I wouldn't approve the sale if I was the PM, but what do I know.
What is your opinion.
2010-11-03, 06:07 PM
It got rejected (http://www.cbc.ca/money/story/2010/11/03/potash-ottawa-review.html)
2010-11-03, 06:30 PM
I think it was the right decision. For a minute, I was thinking Clement is going to say "yes" when he was blabbing on about "trading nation" and whatnot. Any guesses on what will happen to POT tomorrow?
2010-11-03, 06:49 PM
It's down in after hours trading.
I'd expect it to stay mostly flat, until either BHP raises its bid or a competing offer comes along.
I think POT's determined to sell soon and also a better bid's coming (either from BHP or someone else).
I expect the stock to rise upto 170 before all this is through.
2010-11-03, 08:54 PM
It was down 5+% just after the decision.. (after hours)
2010-11-03, 09:11 PM
The owners of the company should decided whether to sell or not base on the price. The actual minerals in the ground is already owned by the province. The province can decide on the tax (royalties) at whatever rate they fancy. If the government thinks it's so valuable, why did they sell to private investors to begin with?
If it's so valuable, the government should man up and pony up the cash for a bid.
The owners of POT got royally screwed by Stephen Harper.
PS: I'm not a POT owner.
2010-11-04, 10:25 AM
I don't understand why all the excitement over this sale , when there is no opposition at all , to the sale of our second largest uranium producer to the Russian government , UUU.
I guess we favor potash over than uranium.
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