EPO - Encanto Potash Corporation

[Otobong]

this one has some very big players as management, including former endeavour financial people. they gave themselves outrageous generous options, 25 cents for 10 years. there was a financing overhang that is dwindling down. grounds are prospective for potash beds as wells were drilled that indicated so. most of properties are tied to first nations reserves and these agreements are in place. worth a look as they have to drill by year end.

[Leebert]

is this one finally trading oto? This deal between company and firstnations was huge and made the news here in SK

[Tito]

Wow, finally glad to see this one get on its feet. I met with these guys a couple years ago. The prez has a HUGE resume he's shown me of all the companies hes brought up from nothing and sold for huge bucks. I wonder how this one will turn out...? haha

[Otobong]

nice move today. word is news forthcoming.

[Aliboy]

There is yet no word on who this deal is with, but when it breaks, the stock will go nuts.

http://www.canada.com/Chinese+compan...543/story.html


If anyone gets a heads up on this please share.

[only5k]

POT up big today. The sector is in recovery stage.

[only5k]

From LEO.V (formerly RAY.V) web site, RAY.V was traded above $2 in June, 2008

http://www.lionenergycorp.com/potash.html

Highlights

1. Lion Energy recently formalized a deal to sell its potash assets to Encanto Potash Corp. Lion now owns 14.8% of Encanto Potash Corp.
2. Lion has further entered into a joint venture agreement with Encanto where Lion will invest $6.5 million to increase its position in the combined entity.
3. Encanto Potash has a land position of prospective potash ground with potential for both Conventional and Solution mining.
4. Spar Property contains an NI 43-101 compliant indicated resource of 12.49 million tonnes K2O and inferred resource of 12.24 million tonnes of K2O.

[only5k]

Extract from article "a Malthusian Check?" on http://www.aheadoftheherd.com/

Encanto Potash EPO-TSX.v

Share Structure and Cash

Shares Outstanding: 114,097,834
Fully Diluted: 141,492,324
Share Price: $0.16
Market Cap: $18 million
Cash: $5 million

Encanto Potash has a unique business model. All the good potash ground in Saskatchewan – the potash capital of the world - has been staked for years. So newcomer Encanto got creative – they signed joint venture deals with the province’s First Nations groups to develop a potash resource on their lands. And the properties Encanto has access to are right in the heart of the provinces potash belt. The other benefit of the First Nations arrangement is that all their community input comes from one group, streamlining and fast tracking approvals.

Like Amazon, Encanto has yet to prove up a resource so it’s still considered exploration. But oil wells just outside their property, on all four sides, show potash beds present, with grades up to 50%. Encanto has the backing of the Endeavour Financial group. Drilling starts this month, October 2009.

Conclusion

The potash story is just starting, unlike other resource plays there is no cycle, demand is always going to be there and its rising year over year. The total number of listed potash companies is extremely small, the best areas are already staked, most potash deposits will take 7-8 years to actually put into production and mines are extremely expensive to build.

Potash might just be the perfect investment over the short, medium and long term.

[tofu]

After reading up on this stock, I've got my order in for tommorow. Hoping it fills at 0.22.

[only5k]

.22 should be good entry level. I added more at .23 yesterday.