RAY.V ---Potash stock - Page 3

Made a phone call - waiting for a callback.

yeah thanks. it'd be nice to know, so we could atleast make a guess if it's going to keep going up in the short term. right now we might as well toss a coin.

IR said the price rise is probably due to the BHP purchase of Anglo and Raytec's property is next to Anglo. Not only that, but they are expecting the 43-101 this week and they are expecting good news from that so the price will probably continue to rise.

I really wished I owned anglo this morning.

Do you think there is a possibility the same company "BHP" would purchase raytec?

Bvlaar

Possibility, Yes, but who knows. If there are discussions I don't think most would know about it. Maybe when the 43-101 comes out we will have a better picture.

im sitting on a huge lump of cash right now, waiting for ixs to drop some more. i was thinking about getting into this, since potash is hot hot hot

Looking real good here. Up .07 to .93 - I had sold at .95 the other day and got back in at .85. Still waiting on the 43-101 report.

hey

Hey guys, Im really interested in a junior potash play, I've been watching this for about three weeks and its looked pretty good from my basic TA.
I am looking for an entry point into this, I can't really find resistance for this stock though because it's on an uptrend.
Anyone here with good TA skills could you let me know a good entry point or estimate resistance?

Thanks guys

it's real interesting how TA doesn't serve well in these sorts of penny stocks (at any good time). when the 43-101 comes out and it's spectacular like a 50 year mine. then we'll have a rally. but it's only lets say a 5 or a 10 year mine then we'll probably plummet.

either get in before the 43-101 or after... it's up to you. it's anybody games when it'll come out.. expected sometime this week probably next week.. if it takes longer than another week then we'll probably start to see a little bit weakness.

yeah

Ahahah see, I've never really had to make a choice like this, to buy in before the 43-101 or after...
Is there anyway I can call and talk to a GM or investor relations to get an idea of what the report will be?
Do any of you guys know anything that could help things out?
This is like completely guessing!

Bvlaar

They won't give you any more information than is on their site or already known to the public. Buy a small position before the news in case it jumps up on the news and add on the way up if that happens.

Blue Collar gambling my friend

Last was .97 with vol of 297,300 shares - .97 X .98

43-101 was due this week. They didn't say if they would release news this week or they were expecting the report this week so I don't know what is up. Haven't seen any news yet.

43-101

With the increasing demand for potash and recent price increases, this 43-101 has a huge chance of being positive for the pps. After looking at the Potash fact sheet for raytec, It shows where there permits are. Raytec's permits are just north of BHP, Athabasca and POT's permits. Basically in the same region of all those big players. So what should we be hoping for in this report? Even if they only have a 5 year mine on there hands wouldn't that still be really good for the company?

You should find some maps or look on google earth.
I'm not sure but i think the land area left isnt that big after seeing maps on one of the websites Potash one(KCL.v)has a good size area.

Maybe they should search for coal

You have got the wrong area- RAY's lands are near Saskatoon - BHP /AGP''s recent buyout, POT , AGU , Mosaic and Athabasca Resources are also in the area. RAY's propspective lands are north of all those - but not sure of how good the deposit is- we will know as soon as the 43-101 is out.
But some of these other companies have been there for years , if it was any good you would think it would have been scooped up by now.

map

I am still curious as to what we want in this report? Are we looking for an amount of potash? or a time frame this mine will last?

This is the map referring too,

RAY will want to show tonnage and economical % of potash .
For example AGP's properties near Saskatoon have 479 million tonnes of measured and indicated and 981 million tonnes of inferred.
The average nutrient content for the measured and indicated resource is 26.2% K2O and for the inferred resource is 24.5% K2O.


The Saskatchewan Potash Joint Venture

The Anglo Potash Ltd. ("Anglo Potash")/BHP Billiton joint venture (Saskatchewan Potash JV) covers all current and future acquired permitable potash land in Saskatchewan and is split with Anglo Potash owning 25% and BHP Billiton owning 75% and being the operator of the joint venture. To earn into its share of the joint venture, BHP Billiton is required to spend up to $40 million (USD) before the end of 2011 to complete a bankable feasibility study on the project, which is the development of a greenfield potash mine in Saskatchewan. The joint venture agreement contains an off-take agreement whereby BHP Billiton will market Anglo Potash's share of production and a tag along agreement in case Anglo Potash needs assistance with financing is share of the project.

It's significant that Anglo Potash partnered with BHP Billiton because there is no company out there that has more mining expertise then BHP Billiton. They have developed mines in every continent on earth, and they are extremely focused on developing a potash mine. In addition to providing mining expertise and capital, BHP Billiton also has a global network that is capable of getting product to market.

The following links are BHP Billiton potash presentations:

BHP Billiton - Diamonds and Specialty Products Briefing Sydney
BHP Billiton - Diamonds and Specialty Products Briefing 2007

Potash Project

Anglo Potash Ltd. holds its share of the land position indirectly through its wholly owned subsidiary Prairie Potash Corp. The joint venture is one of the world's largest permitable potash landholders with 32 permits covering over 1.8 million acres The joint venture has a historic 250 plus drill hole database containing core samples and seismic information. Lots of work has been completed to date on the joint venture's project including compiling and analyzing historic drill hole data. In addition, two National Instrument 43-101 technical reports and 2D and 3D seismic work has been completed on an area approximately 20 miles east of the PCS Lanigan mine. Based on the information gathered to date, the joint venture is of the view that portions of its lands are geologically very similar to those from which potash is currently being produced.

Didn't see any news on this, but it is down .06 to .91 on volume of 104,200

entry

I see support around .87 and .89 so I am going to jump in at this point in hopes of a positive 43-101 report.

Thanks