Western Potash Corp. - Kali als Kurstreiber.

DankdirDüse!
Michael Giordano auf stockchase zu Wpx : HOLD

Likes their Milestone property. Thinks they need $400 million to develop the mine so the question is, how are they going to get the financing. Doubts they can do the financing on their own, so if they can get a strategic partner to help them that would be great. This is one of the better ones to play.

http://www.stockchase.com/company/find/Western_Potash  

WESTERN POTASH CORP. RECEIVES STRATEGIC INVESTMENT FROM CHINA BLUECHEMICAL LTD. AND GUOXIN INTERNATIONAL INVESTMENT CORPORATION LIMITED.
02/06/2013
VANCOUVER, June 2, 2013 – Western Potash Corp (“Western” or the “Company”) (TSX: WPX) today announced that China BlueChemical Ltd. (“China Blue”) (3983: HK) and  Benewood Holdings Corporation Limited (“Benewood”), through a joint venture company, CBC (Canada) Holding Corp. (“CBCHC”), have agreed to make a strategic equity investment of C$ 31,979,022 in Western at a price of $0.71 per common share for a total of 45,040,876 newly issued common shares, which will result in CBCHC holding a 19.9% ownership stake in the Company on a non-diluted basis.  The issue price represents a 15% premium over the 20 day volume weighted moving average.  China Blue is a majority owned subsidiary of China National Offshore Oil Corporation (“CNOOC”), the largest offshore oil and gas producer in China. Benewood is a wholly owned subsidiary of GUOXIN International Investment Corporation Limited, a financial investment company registered in Hong Kong  (“Guoxin”).

Mr. Patricio Varas, CEO of Western commented, “This investment is a testament to CBCHC’s confidence in the positive business climate in Saskatchewan, the exceptional nature of the Milestone deposit and Western’s team.  Our strategic alliance with China Blue and Guoxin will provide Western with access to project financing, technical expertise in large-scale project construction and marketing channels for future potash sales. ”

In addition, Western and CBCHC have agreed to an off-take term sheet under which CBCHC or a purchaser designated by it will enter into an off-take agreement for the purchase of the lesser of 30% or 1 million tonnes of potash annually from Western’s Milestone project for a 20 year term.  The off-take agreement will automatically extend for five-year periods unless either party elects not to extend.

CBCHC has a right to appoint one nominee to the board of directors of Western pursuant to the investment agreement.  

Closing of the private placement is subject to customary closing conditions including the approval of the Toronto Stock Exchange.  It is anticipated that the closing will take place on or about June 14, 2013.

About Western

Western Potash Corp. is a development stage potash company focused on building Canada's most efficient potash solution mine, with commercial production expected to commence, subject to financing, in 2016. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. A positive Feasibility Study for the Milestone Project was completed in December 2012, demonstrating robust project metrics.

ON BEHALF OF THE BOARD OF DIRECTORS

“J. Patricio Varas”
J. Patricio Varas
President and CEO  

http://www.finanznachrichten.de/...stment-corporation-limited-004.htm  

China steigt ein: Western Potash – Strategisches Investment von und Abnahmevereinbarung mit China Blue
...Es bleibt abzuwarten, wie sich die Beziehung zwischen Western Potash und den neuen chinesischen Partner weiter entwickelt, ob und wie die Beteiligung ausgebaut wird, ob und wie die Projektfinanzierung arrangiert wird etc. Dennoch hat das kanadische Unternehmen unserer Meinung nach nun eine sehr wichtige Hürde genommen.

Trotzdem bleibt aber die Aktie, die zuletzt auch schon eine deutliche Erholung hingelegt hatte, ein risikoreiches Papier, was Anleger immer beachten sollten. Nun aber wird man erst einmal sehen, wie heute Nachmittag der kanadische Markt auf die Neuigkeiten reagiert.
http://bjoernjunker.wordpress.com/2013/06/03/...hina-blue/#more-15553  

jetzt also doch die Chinesen als Teilhaber und Investoren !

Nun ist die Finanzierungsfrage gelöst und die Aktienkurse steigen  :-)

 

positive nachricht - china an board is nix gut  

Dean Pekeski says the company needs environmental approval from the province and to finalize financing before work gets underway.

The deal is structured as a joint venture with a goal of securing debt financing in China, Mr. Costigan said. The Chinese firms will own 19.9% of the company once it closes.

Conclusion – Agreement Adds Instant Credibility, Financial Flexibility and Helps De-risk the Project: This transaction has been a long time coming. Recall, in June/12, WPX had indicated that advanced JV talks with a Chinese partner had broken down but management suggested there were opportunities with other potential partners and WPX did not rule out renewing discussions with the original partner as well. This transaction gives WPX more than sufficient financial breathing room to advance the project, and should help further longer-term financing discussions as well as attract other potential off-take agreements. China BlueChemical is a very credible partner that should help de-risk WPX’s project significantly. Funding the project remains an overhang but this agreement buys WPX much needed time. We remain an Outperform with a $1.30 target.  

china an board is des firmas mord  

"Mit dieser Vereinbarung kauft sich WPX dringend benötigte Zeit und diese gibt WPX mehr als ausreichend finanziellen Spielraum, um das Projekt voranzubringen. Die Transaktion mit den chinesischen Unternehmen sollte helfen die längerfristige Finanzierung des Projekts zu sichern. Die chinesischen Unternehmen werden 19,9% des Unternehmens übernehmen und werden als sehr glaubwürdiger Partner eingestuft - Kursziel $ 1,30"

Zu diesem Deal wird es sicherlich noch einige Pressemitteilungen geben, welche dem Aktienkurs beflügeln können. Insbesondere die Zustimmung der Behörden/Kartelle, Sicherstellung der Finanzierung, Genehmigung zum Beginn des Abbaus u.v.m.   

Meine Fragen: Sind zum aktuellen Zeitpunkt die WPX-Gespräche mit weiteren Partnern beendet ? Vermutlich ja ! 

Was haltet Ihr von der Abnahmeregelung ? Ist das gut oder schlecht ? Marktüblich ist es bei solchen Beteiligungen auf jeden Fall...

 

Was mich am meißten beruhigt oder elektrisiert hat ist folgendes:
Aus einer mail von John Costigen:
Thank you for your email. A strategic investor’s participation is not like a standard private placement. They will not buy or sell their position. They need to maintain the 19.9% in the company in order to be eligible for the off-take.
Die beiden chinesischen Firmen werden ihre 20% nicht ! verkaufen. Dies ist ihr Pfand für die off-take: More Transaction Details: CBC (Canada) Holding Corp (CBCHC), the holding company owned by China BlueChemical (3983 HK) and Benewood Holdings Corporation Limited, have an option to maintain its pro-rata share of 19.9% going forward and has given WPX management indications it plans to do so. Management did confirm to us that the off-take agreement will be at market price.
Zum off-take, Preis zu allg Marktkonditionen, also kein dumping Preis.
There is an opportunity for WPX to sign other off-take agreements/partnerships going forward and the company looks to have virtually all of its production locked up in off-take agreements with the partners being most likely based in Asia. Anscheinend hat Wpx die zukünftige Produktion als off-take vertraglich weitergereicht.
Und der Knaller is die Kreditkonditionen zur Minenfinanzierung über einen chinesischen Kredit sind besser: WPX believes Guoxin will be key in its ability to access project financing and has indicated that projects in China can be financed with up to 75% debt, which would WPX’s equity component under $1 bn. For our modelling purposes, we will continue to model a 60/40 debt equity breakdown.
Das wird sich alles die nächsten Wochen und Monate aufzeigen.
Kann nur empfehlen den englischan AnalystenBericht von AltaCorp zu lesen, eine wahre Fundgrube über Wpx, dem ham die mehr von der Katze aus dem Sack gelassen:
http://fs1.hidemyass.com/download/2kJ1i/g59qrcdlspi6v4ost77ocr0t33
Produzierende Mine wird mit 4,70cad pro Aktie gesehen!
Da Wpx in den letzten fünf Jahren, was zeitlich für nen Explorer sehr wenig is, großes gestemmt! Das wird jetzt zack auf zack gehen und eine News wird die andere jagen.
GLTA  

4,70 CAD in 2017 oder erst in 2022?  

bitte mit Vorsicht zu genießen:
If we assume our original equity financing assumptions, WPX achieves $322.7 mm in EBITDA for 2017, ramping up to 953.7 mm by 2022. If we apply Potash Corp’s current forward EV/EBITDA multiple of 9.0x, this results in a potential value of $4.70 per share (assuming 616.6 mm s/o).
WPX achieves $322.7 mm in EBITDA for 2017
               ramping up to 953.7 mm by 2022

also 4,70 cad 2022
Is doch für Festgeld nicht schlecht🎃  

auf jeden Fall bieten die aktuellen Kurse doch eine Möglichkeit zum Aufstocken - und zwar für die Chinesen. Ca. 20 % gekauft zu 0,71 CAD - und jetzt bei fast 0,50 CAD, wer würde sich das nicht überlegen wenn er 20% hätte. Soweit ich weiss, haben die doch damals auch eine Menge gekauft, als Sie in Verhandlungen zu einer Übernahme waren - oder irre ich mich?  

Bis zu welchem Aktienpreis lohnt es sich für dich Chinesen Aktien aufzukaufen?
Provokativ bis zu den 4,70cad!? Glaube echt nicht dat diejenigen die jetzt raus hauen W. Buffett sind. Alles verschleudert an die Chinesen. Das wird nicht lange anhalten. News werden kommen und der Kurs ansteigen. Is aber nur meine Meinung💰  

ich schliesse mich deiner meinung an und hoffe ebenfalls auf weitere news, die den aktienkurs steigen lassen.

auf jeden fall sitze ich die nächste entwicklung in ruhe aus und würde mich bald über das erzeichen des kursziels von $ 1,30 freuen.

aktuelle ist der kursanstieg der letzten tag durch die good news wieder verpufft. wahnsinns kursschwankungen ... 

 

Dat Spielfeld ist gewandert, von Kanada nach China. Der Kredit zum Bau der Mine wird aus China kommen. Die beleihen bis zu 75% des Projektes. Dafür wollen die AbnahmeVereinbarungen sehen. 20% ChinaBlue bringt 20% Kredi von zum Minenaufbau benötigten 3Milliarden:

WPX believes Guoxin will be key in its ability to access project financing and has indicated that projects in China can be financed with up to 75% debt, which would WPX’s equity component under $1 bn.

lining up other off-take agreements should help increase their chances.

There is an opportunity for WPX to sign other off-take agreements/partnerships going forward and the company looks to have virtually all of its production locked up in off-take agreements with the partners being most likely based in Asia.

Sollte dat nicht klappen
There is an out-clause where either party can dissolve the JV agreement should WPX fail to secure the necessary financing within two years.

Gehe davon aus, dat wir demnächst von off-take Vereinbarungen in schneller Folge überhäuft werden😃
Schönes RestWE  

Our financing assumptions were consistent with the other junior projects: 60/40 debt equity split. For WPX, this implies ~2.1 bn in debt financing and ~1.4 bn in equity financing for the entire project out to full production.
up to 75% debt, which would WPX’s equity component under $1 bn  

Western Potash Featured on Fundamental Research

Overall, we believe the proposed agreement is extremely positive for WPX. WPX was one of the only advanced stage juniors in Saskatchewan that was yet to be acquired or form an alliance with a larger partner. CNOOC’s involvement, we believe, is a tremendous vote of confidence for the Milestone project. WPX will now have the strong technical / financial backing of its partners to go out and seek additional partners for Milestone. Although the partners have the ability to fund 100% of the CAPEX, and advance Milestone to production, we believe their initial objective will be to seek additional partners to lower the risk profile of their investment.

http://potashinvestingnews.com/...atured-on-fundamental-research.html

Read more at http://www.stockhouse.com/bullboards/...amp;msg=3#u575tzZxFQrz7XR3.99  

Die Analysten von Fundamental Research jedenfalls sehen die Transaktion mit dem chinesischen Partner positiv und betrachten den Deal als eine starke Vertrauensbekundung in Bezug auf das Milestone-Projekt. Fundamental ist zudem der Ansicht, dass das China-Investment Western Potash dabei behilflich sein wird, weitere Finanzmittel einzuwerben und möglicherweise einen weiteren Partner für das Projekt zu gewinnen.

Darüber hinaus ist derzeit in vielen Aktienchatrooms das Gerücht im Umlauf, dass es ein Gegenangebot zu dem chinesischen Investment geben könnte. Dabei wurde der indische Staatskonzern Rashtriya Chemicals and Fertilizers als möglicher Interessant genannt. Rashtriya hatte Anfang des Jahres bereits mit Western Potashs Konkurrent Encanto Potash (WKN A0YGN9) über ein Abnahmeabkommen gesprochen.
http://bjoernjunker.wordpress.com/2013/06/11/...rn-potash-im-aufwind/  

Millarden ??? Ich war der Meinung wird reden von 400 Mio. CAD

Zu den weiteren Partner-/Gesprächsgerüchten kann ich nur sagen, Konkurrenz belebt das Geschäft. Will sich WPX kurz vor Abschluss mit den chinesischen Firmen noch interessanter machen ?  

 

 

Dionys
schrieb am 11.06.13 21:26:36
Beitrag Nr.17132 (44.830.191)
Bewertung: 1 x
Antwort Zitat
Antwort auf Beitrag Nr.: 44.829.989 von Boersenclown am 11.06.13 20:55:56
rechne mal....BHP´s jansen kommt dann auf ausbringungskosten von 1,85mrd$/1mill tonnen.
Western lieget bei 1,15mrd$/1mill t
Wer hat denn jetzt mal abgesehen von der gesamtmenge die effektivere miene

http://www.wallstreet-online.de/diskussion/...t-rentierschlittenparty  

Western Potash to close $32M deal this week
http://www.leaderpost.com/touch/story.html?id=8512671  

Hattip Düse, danke!
Getting to the bottom of the Western Potash and CNOOC deal
Sven Olsson - Zimtu Capital Corp. | June 13, 2013

Zimtu Capital Corp. (TSX.V: ZC) has appreciated over 30% in the last couple of days and certainly one of the drivers for this rebound has been the recent success one of Zimtu’s major holdings Western Potash Corp. (TSX: WPX), which announced a strategic investment from Chinese parties buying 19.9% of the company for $31.9 million. The deal is set to close on June 14th.

In fact, the correlation between ZC and WPX is remarkable as Zimtu holds over 2.75 million shares and 2.7 million warrants. To this day there remains a close relationship between the two companies as ZC was a founding partner of WPX. It’s worth pointing out, for every 1000 shares of ZC investors have a total exposure to 477 shares of Western Potash including warrants. So, from ZC’s perspective there are strong reasons to have a closer look at this deal.

Let’s start with a bold statement: The Milestone Potash mine in Saskatchewan will be built! And here is an even bolder one: The mine will be built by WPX – today a junior company! The market may not fully comprehend this yet, but with the latest news of the entry of significant Chinese partners into WPX, the Company has embarked on a different route that may surprise everyone. The aim of the WPX deal – positioning oneself with a strategic partner – when successful, could become a model for future foreign investments into the Canadian natural resources sector.

WESTERN POTASH CORP. RECEIVES STRATEGIC INVESTMENT FROM CHINA BLUECHEMICAL LTD. AND GUOXIN INTERNATIONAL INVESTMENT CORPORATION LIMITED.

Here is what WPX is trying to achieve and what this deal is really about: The Company wants to put a major asset – a 2.8 million tonnes per annum potash mine – into production while keeping WPX shareholders in the picture. How is this possible? How could a company with just over $150 million market capitalization be able to pull off a financing in the order of $3.3 billion? Let’s start by taking a closer look at the participants that have just bought into WPX :

CNOOC, the parent company of China Blue, is the largest off-shore oil and gas producer in China. China Blue, the subsidiary itself, is a Hong Kong listed Fertilizer Company with expected sales of $12 billion for the current year. Looking at China Blue’s product portfolio indicates a strategic need. Their executive summary states that China Blue is strong in urea and phosphor, but KCL (the third essential element in a complete fertilizer) is missing. So from China Blue’s point of view, the deal with WPX makes perfect sense. Milestone has the size and longevity to supply up to half of China’s current potash imports (no growth supposed) for decades.

The other group participating and 40% owner of the newly formed JV vehicle, CBC Holding Corp (CBCHC), is Benewood Holdings Corp., a wholly-owned subsidiary of GUOXIN International Investment Corp Ltd. GUOXIN is a large financial investment institution listed in Hong Kong, who keeps a low-profile but is growing in significance. Chinese investment banks can structure finance agreements with a 3:1 debt to equity ratio. This could mean that WPX would only need $750 million USD to fully finance the mine construction. On a side note, this deal sends a message to Western based investment banks. The WPX deal structure offers a new way to finance large scale resource development projects.

WPX and the Milestone Project represents a strategic opportunity for China Blue

I recommend everyone Google “CNOOC and Saskatchewan”. Not only will you find information on the recent acquisition of Nexen Inc. by CNOOC for $15.1 billion, but more importantly, you will find the comments by the Saskatchewan Premier Brad Wall. Mr. Wall has publicly stated that Saskatchewan wants to protect itself against the take-over of its natural resource assets by large multi-nationals and state sponsored entities. The prolonged political scrutiny by the Canadian Monopoly Commission regarding CNOOC’s purchase of Nexen conveyed apprehension in relinquishing control of Canada’s natural resources at the federal level.

Wall OK with CNOOC takeover; wants uranium and potash protected

It is fully apparent that the Chinese government and the large companies they sponsor are focused on the projected long-term needs of their country. Canada is rich in natural resources, and the size and grade of the commodities Saskatchewan boasts, is clearly attractive to countries like China. However, there appears to be a shift in the willingness of Canadians to allow sizable domestic natural resources to be acquired by foreign entities. As well, the dismissal of BHP’s bid for Potash Corp. (TSX: POT) by the Federal Government, influenced by the Government of Saskatchewan, has sent a strong message that the Province will not be pillaged. The Chinese appear to understand all of this, and that if they want to gain access to assets in Saskatchewan a different approach is required; the current deal with WPX is such a different approach. In this case, the Chinese have understood that owning a part of a Canadian company that creates employment opportunities for Canadians, and that will pay Canadian taxes is the way to get access to these assets for their interests.

It is important to point out the WPX deal is different from other off-take agreements that the junior potash industry has seen in the past. Not only has WPX closed (or is about to close) a deal with a producer, but there is also a bank involved. This is a very powerful combination. No other recent deal is close to negotiating a successful financing structure. The market understands that deals with weak off-take partners are dead in the water and the likelihood of these projects being built is small. The access to capital is crucial.

Zimtu Capital Corp. has significant exposure to Western Potash Corp.

The WPX deal has a lot more to it: It is a non-exclusive, off-take deal for one million tonnes per annum or 30% of the production under one million tonnes over 20 years. The important fact is that other participants are welcome to join. This deal is an invitation to other groups. It’s as if WPX was planning a major shopping mall and had just found the first major tenant. The second tenant (off-taker) will have an easier decision and runs a smaller risk. Most likely, this new incoming party will be agreeing to actively participate in the project. Therefore, direct investments against off-take agreements and/or equity stakes in the project could be a viable route to secure the collateral for a debt financing.

Certainly the Milestone Project is not for the short-term speculator. Structuring a final deal, potentially tying in more off-take agreements and overcoming other challenges will consume time. The truth is that with this deal WPX will slowly become a story for real investors. Patience is required, but there is great potential.

Therefore, I would suggest that WPX should be of interest to potential investors. Technical reports completed by amec, available on the Western Potash website, indicate a significant net asset value for the Milestone Project. This deal is an important step in realizing the potential value which has been locked away in WPX shares. However, investors interested in diversity should also take a look at the unique opportunity ZC shares provide. Through project generation and equity investments, ZC has built significant exposure to many different mineral exploration companies. Therefore, ZC shares offer both diversity of mineral projects and the commodity being actively explored, while providing significant exposure to WPX.  

Getting to the bottom of the Western Potash and CNOOC deal

Sven Olsson - Zimtu Capital Corp. | June 13, 2013

http://www.mining.com/web/...om-of-the-western-potash-and-cnooc-deal/  

vielen Dank für den Artikel

jetzt bin ich noch mehr guter Hoffnung