Western Potash Corp. - Kali als Kurstreiber.
27/02/2014
Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) ("the Company") is pleased to announce that its shareholders approved all items put before them at the Company"s Annual and Special General Meeting held February 25th, 2014. The items approved include as follows:
The reappointment of A. Chan and Company, Chartered Accountants as auditors at a remuneration to be fixed by the directors;
Fixed the number of directors of the Company at 7;
The election of J. Patricio Varas, Patrick Power, David Hodge, Troy Nikolai, Buddy Doyle, Peter Miles and Yexin Yang to the Board. Of the approximately 51 million shares voted at the meeting by ballot and by proxy, the approximate number of those votes "For" each director, and the approximate percentage of the total votes cast, are as follows: J. Patricio Varas (49.5 million votes / 97%), Patrick Power (49.5 million votes / 97%), David Hodge (49.6 million votes / 97%), Troy Nikolai (49.5 million votes / 97%), Buddy Doyle (49.6 million votes / 97.1%) and Peter Miles (49.6 million votes / 97%) Yexin Yang (50.7 million votes/ 99.2%).
About Western Potash
Western Potash Corp. is a development stage potash company focused on building Canada's most efficient potash solution mine. 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 potash project was completed in December 2012, demonstrating robust project metrics. For more information on Western Potash Corp."s projects, please visit the Company"s website at: www.westernpotash.com
ON BEHALF OF THE BOARD OF DIRECTORS
"J. Patricio Varas"
J. Patricio Varas
President and CEO
http://m.westernpotash.com/index.php?q=news/...emekey_redirect=active
Keine Aufforderung zu Irgendwas,versteht sich ;)
Gruss,HAO
übrigens heisst es "If panic,panic first" ;) ...wenn du damit aufkommende Kaufpanik meinen solltest,weisst du wohl mehr als alle anderen...ich hoffe die "PDAC 2014" zieht ein paar Investoren an Land für western potash ;) ...
Keine Kauf- oder Verkaufsempfehlung!
Gruss,HAO
Wall Street taumelt nur
Spekulationen auf Wirtschaftssanktionen gegen Russland gaben Aktien von Düngemittelherstellern Auftrieb. Das russisch-weißrussische Düngerkartell decke 43 Prozent des weltweiten Bedarfs, sagte Newedge-Stratege Robbert van Batenburg. Wenn der Westen Sanktionen verhänge, dürfte das den nicht-russischen Anbietern zugute kommen. Potash stiegen um 0,6 Prozent und Mosaic um 0,2 Prozent.
http://mobil.n-tv.de/wirtschaft/marktberichte/...article12383716.html
Comeback des Kali-Kartells?
05.03.2014, 14:42 Uhr
Die Aktie des deutschen Düngemittelproduzenten K+S war unter die Räder gekommen, als im vergangenen Jahr der russische Konkurrent Uralkali sein Kartell mit Rivalen aufkündigte. Jetzt deutet sich eine Kehrtwende an.
http://www.handelsblatt.com/unternehmen/industrie/...lls/9573672.html
Roping in Canada for food security
BY A DIDAR SINGH, MAR 1, 2014
In the future greater potash supplies from Canada will also reach Indian shores via investments being made by companies like Rashtriya Chemicals and Fertilisers Limited which is looking to acquire a 40 per cent stake worth a billion US dollars (USD) in a joint venture with Western Potash Corp for a new mine in Saskatchewan.
- See more at: http://m.deccanherald.com/content/389039/...tml/#sthash.v6q9n9j3.dpuf
Keine Kauf oder Verkaufsempfehlung
Gruss,HAO
Mkt Cap:101.85 m
http://mobile.tmxmoney.com/quote/?symbol=WPX
WPX Investor relations financing update!
Any chance mgt would care to comment on developments regarding financing progress? Last statement was an expectation by the end of the 1st qtr 2014.. we are almost there and not a word from mgt of any significance in 7 months.. Any comments on IC Potash released FS today? They are next in line with financing and looking for 1B vs. WPX 3.3b what impact with this have on WPX financing ? What about this lawsuit? No comments from mgt again.. Yes I understand comments are to be limited but at least some comments should be made other than to hide behind NDA .. good to see mgt and directors get paid well to sit on their hands..
At Western Potash we have no comment regarding the article pertaining to any potential legal action against us.
Regarding to your question about the recent IC Potash Feasibility Study, there are many differences between Milestone and Ochoa (IC Project) so we do not believe it will affect our ability to get financing. Our mine will be producing Muriate of Potash (MOP) and it looks like the Ochoa Project will be producing Sulphate of Potash (SOP). There are a few other differences as well. I read that the total production outlined in their Feasibility study is 714, 400 at full capacity per year, whereas ours will be 2.8 million tonnes per year (this would explain the capital cost differences). The differences in scale of production and the different type of product produced are fairly major, so comparing Milestone to Ochoa isn’t comparing apples to apples. There is a market for SOP potash, and to quote their own release “The global market for SOP is 5.5 million tons per year”. But we are looking for strategic partners that have a demand for MOP product (Global demand for this product has been anywhere from 50 million tonnes to 60 million tonnes worldwide over the past few years).
You are aware of the many confidentiality agreements and on-going negotiations, things I am not allowed to comment on. As many of your requests seemed to be directed specifically at management, I will forward your email onto my boss to see if he can provide you with anything further.
What I can say, is that although we haven’t had any material news since last summer, management is working hard to obtain the necessary funding to build the mine at Milestone.
Thank you,
Hi Angela,
Thank you for your quick and detailed response. While I am well aware of the differences between IC & WPX from mineral compounds, volume, mine life, cap cost etc my question was more in relation to the prospect and time line with respect to financing. As the IRR of the IC project based on the FS forecasts is about 4-5% less than WPX. Will this positively / negatively effect WPX with respect to financing? Given the number of brownfield projects nearing FS the competition for said financing will become more challenging in the near future.
Has mgt considered re tooling the FS to reflect potash pricing lower than 450/t? I understand ST market price movements are not typically indicative of LT market price conditions and should not be necessarily be used for the basis of "selling" the merits of the project to prospective debt financing IRR. However, that said any reasonable LT debt financing partner would ignore St "noise" in the marketplace and focus on the LT merits of the project. Yet, there has not been any material development as of yet which is of concern. Yes, Jr financing globally has been extremely challenged yet the de-risking of the project and IRR is forecast to be very attractive vs. alternative companies in Potash and outside in other commodities. What's the hold up?
I appreciate your response and would welcome any comments from mgt if they were inclined to do so.
Hi,
I will mention again that the parties we are negotiating with are interested in specifically MOP Product so we do not see IC’s progress impacting our timeline. However, your point about other projects progressing and the impact it may have on our ability to fund the project is a good question. For now, we do not feel any pressure from other projects nearing our stage. The reason being is our confidence in Milestone and it’s technical merits. Our mine is on a larger scale, so it may take longer to get the financing in place (mind you we have been searching for longer as well). Management is confident that a mine on the Milestone Property will be built, we are just not sure when or who will build it.
Re-doing the Feasibility Study is something we have been asked about. It was very expensive work, and re-doing it isn’t something we are planning to do at the moment. Keep in mind there was a lot of economic modelling done that wasn’t publically released, and our potential partners have access to more than what is public (Confidentiality Agreements signed). There is a lot of due diligence that goes into negotiations, so a lot is being considered. Changes in potash pricing affect the Feasibility numbers greatly, which is why when the Feasibility Study was completed there were sensitivities built it with reference to price – specifically its impact on the NPV and IRR numbers.
Hope this helps - Thanks again,
Angela Aydon
http://www.stockhouse.com/companies/bullboard/...corp?postid=22315421
Support/Resistance
Type Value Conf. §
resist. 0.52 4 §
resist. 0.45 2 §
supp 0.44 2
§
http://www.stockta.com/cgi-bin/...;num1=2&cobrand=&mode=stock
Overall Average: 72% Buy Wpx
http://www.barchart.com/opinions/stocks/WPX.TO
Buy Wpx
http://www.canadabulls.com/SignalPage.aspx?lang=en&Ticker=WPX.TO
Bieterkrieg um Western Potash in Sicht?
Hohe Umsätze und Kursausschläge von bis zu 40% haben in den vergangenen Tagen Spekulationen über eine bevorstehende Übernahme des Kali-Spezialisten Western Potash Corp. (WKN: A0QZLM) geweckt.
Unser heutiges Research-Update nennt die möglichen Kandidaten, die – außer der benachbarten K+S – an dem Unternehmen interessiert sein könnten.
In der Erstanalyse hatten wir die beiden benachbarten Kali-Projekte „Legacy“ (K+S AG) und „Milestone“ (Western Potash Corp.) verglichen und sind zu dem Schluss gekommen, dass beide Projekte nahezu identische Kennzahlen aufweisen, aber völlig unterschiedlich bewertet sind.
Während K+S vor 3 Jahren mehr als $400 Mio. bezahlt hatte, notiert Western Potash heute an der Börse zu Ausverkaufspreisen von weniger als $100 Mio. Das scheint nun Wettbewerber auf den Plan zu rufen.
Wer zu spät kommt, den bestraft das Leben
An der Börse kann auch das Gegenteil wahr sein: wer zu früh investiert, sitzt unter Umständen lange auf Verlusten, bevor die erhoffte Unternehmensentwicklung tatsächlich eintritt. Das haben viele Aktionäre von Western Potash erlebt, die bei Kursen von $1,50 und darüber gekauft haben. Für diese Aktionäre dürfte eine Übernahme zum jetzigen Zeitpunkt ein Verlustgeschäft werden.
Neue Aktionäre sind dagegen in einer komfortablen Situation: Sie können heute sogar zu einem Bruchteil des Preises einsteigen, den selbst der Hauptaktionär von Western Potash im vergangenen Herbst bezahlt hat. Seinerzeit war der mächtige Staatskonzern und Düngemittel-Hersteller China BlueChemical Ltd. mit knapp 20% bei Western eingestiegen und das bei einem Kurs der fast doppelt so hoch war wie heute.
Qualität setzt sich durch
Das Kursfeuerwerk bei Western Potash Corp. kommt nicht von ungefähr. Unter Kali-Experten gilt das Projekt von Western Potash als „stiller Champion“ unter den Kali-Projekten weltweit. Nirgends sind Geologie, Infrastruktur und politische Sicherheit (Russland lässt grüssen!) und geringe Betriebskosten derart günstig vereint wie in der kanadischen Provinz Saskatchewan.
Nicht umsonst investiert K+S gerade hier $4 Milliarden für den Aufbau seiner neuen Kali-Mine „Legacy“. Die Frage ist, wer wird das Geschwister-Projekt Milestone in Betrieb nehmen? Lassen sich die Chinesen die Butter vom Brot nehmen? So oder so:
Die Großen kommen an Western Potash nicht vorbei
Das 12-Monats-Kursziel für Western Potash Corp. wird mit $1,80 angegeben, was einem Börsenwert von rund $400 Mio. entspricht. Vom aktuellen Kursniveau bei $0,45 ergibt sich somit ein Aufwertungspotential von 300%.
Ein deutlicher Anstieg des Handelsvolumens war in den letzten Wochen bei Western Potash (WKN A0QZLM) zu beobachten, der auch den Kurs der kanadischen Kaligesellschaft zwischenzeitlich über die Marke von 0,50 CAD klettern ließ. Bahnt sich hier eventuell ein Bieterkampf um das Unternehmen und sein Weltklasseprojekt Milestone an?...
http://www.goldinvest.de/index.php/...erkampf-um-western-potash-30570
He is a former civil servant who until recently served as the Secretary to Government of India in the Ministry of Overseas Indian Affairs. Prior to this, he was Member (Finance), National Highways Authority of India, Department of Road Transport and Highways at New Delhi. He has also served as Joint Secretary with the Ministry of Heavy Industries and Ministry of Commerce (Foreign Trade).
Dr. Singh has hands-on experience in the area of e-Commerce and e-Business, having been Managing Director of two Information Technology enterprises in Punjab, India where he was instrumental in establishing an IT Park and satellite earth station at Mohali in late 90’s. He holds a Masters in Development Administration from Birmingham University, UK and has the distinction of having done the first PhD in India on the Policy and Administration of e-Commerce.
Dr. Didar Singh is an internationally known expert in e-Commerce and ICT development and has done several studies in the area of ICT strategy and e-Commerce for international agencies, including the International Trade Centre; World Health Organization; and South Centre, Geneva as well as the Commonwealth Secretariat, London. He has presented a number of papers and made presentations at Conferences on the subjects of E-Commerce and Trade both in India and abroad. Some of these include:
http://blog.ficci.com/presidium/a-didar-singh/
strategy will not suffice for India's food security, where food
security refers to assured supply at stable prices. There is, thus, clearly a need to find international partners in the agri-
food segment, given the sheer volumes required going forward, and
the diversity of this sector. Now, while an India-Canada energy
relationship seems a natural tie and is much talked about, it is less
apparent that the North American country can play an equally
significant role in aiding India generate enough food for its populace. In fact, in some ways Canada does already play a real role in helping
India increase the availability of food for its population, through its
supply of pulses and fertilizer. Despite Canada being mainly a services economy, the agri-food
segment has emerged as a major driver of economic growth in
Canada in recent years. Food processing and beverage industries
are actually Canada's largest manufacturing estate and also its
greatest industrial employers. Given Canada's relatively small
population compared to the size of its agri-food sector one can imagine that the country has a rather lot of surplus produce that is
available for export. It is not surprising therefore, that Canada's chief exports to India at
the moment come from the agri-food segment. In the past few years,
Canada has emerged as a major source for pulses which, for a
multitude of Indians is their main source of protein. Annual imports of
pulses from Canada have typically hovered in the half-a-billion dollars
range in recent times. Now although the Indian government is working towards boosting domestic pulse production through higher
support prices, it is also simultaneously promoting consumption of the
same, with a view to restoring average consumption of pulses to 50
grams per person per day. Playing a Major role As such, despite being the world's largest producer of pulses, India
will in all likelihood continue to also be its largest importer. And it is
here that Canada, which now accounts for 35 per cent of the world's
pulses trade, being the second largest producer, will continue to
score especially given a zero tariff regime. By some accounts
Canadian pulses are playing a major role in stabilising wholesale prices of lentils such as Masoor across India. Canadian imports are also playing an input side role in boosting
agricultural productivity in India. India after all imports a major share
of its potash requirements from Canadian entities like the Potash
Corporation of Saskatchewan which is incidentally the world's largest
producer of potash. Now as India seeks to increase average yield for
food grains from the 1,750 kg/ha today to 2,900 kg/ha by 2030 demand for agrominerals such as potash found in relatively thin and
shallow deposits that formed millions of years ago from the sediments
of lagoons and used to build bulk fertilizers is only going to increase
given their agri-nutritional content. In the future greater potash supplies from Canada will also reach
Indian shores via investments being made by companies like
Rashtriya Chemicals and Fertilisers Limited which is looking to
acquire a 40 per cent stake worth a billion US dollars (USD) in a joint
venture with Western Potash Corp for a new mine in Saskatchewan.
Other fertilisers too will be increasingly sourced from Canada in the years to come. IFFCO announced earlier this year that it is setting up
a 1.27 million tonnes urea plant in Quebec's Becancour Waterfront
Industrial Park with a local partner and an investment of 1.2 billion
USD. The plant which is expected to come online by 2017 will notably
use shale gas as its feedstock. But an Indo-Canadian agriculture and food relationship has to move
beyond a mere buyer-seller framework. Under a memorandum of
understanding (MoU) signed in 2009 between the agriculture
ministries of both countries, India and Canada agreed to set up
knowledge sharing mechanisms in the three thematic areas of
emerging technologies, agricultural marketing and animal development under a joint working group mechanism with a sub-
group for each of the aforesaid areas. At the other end, one of the best ways to acquire Canadian expertise
would be to attract investments from Canada into improving India's
agricultural logistics. As a country that has a wastage rate as high as
40 per cent for fruits and vegetables and 20 per cent for grains, India
will certainly welcome investment from Canadian firms towards
creating a modern storage and bulk handling system for food transportation, including cold chains, warehousing, material handling,
consolidation and data management. Heading further into the 21st century we find an evolving India-
Canada agricultural relationship. The true institutionalisation of this
co-operation will of course be achieved once the CEPA, which is
being currently negotiated, is finalised and parliamentary approval for
the India-Canada Foreign Investment Protection Act is received. (The writer is secretary general, FICCI)
http://m.deccanherald.com/content/389039/...anada-food-security.html/