Saskatchewan Potash bids.

[ZenOps]

http://www.cbc.ca/world/story/2010/0...s-charges.html

BHP denied for being too low, China bid also considered too low.

It is a 500-year lifespan potash deposit, enough fertilizer to feed many tens to hundreds of millions of people for the next milennia.

I don't see the problem with selling it off, especially consdering Canada is already more than adequate in feeding itself without the need for excess fertilizer.

If California had any money - I'd think they would secure it for themselves to grow more 20-foot pot plants.

[Masked Bandit]

If everyone in the world is going to beat a path to your door for the product, why on earth would you sell the rights?

[Xtrema]

Originally posted by Masked Bandit
If everyone in the world is going to beat a path to your door for the product, why on earth would you sell the rights?

This

[Jlude]

I just finished a 2 year design expansion on a potash mine in Belle Plaine - Big fucking money being thrown around in Sask in the potash field right now.

[4DoorGTZ]

So when to all the transplanted people from Sask move back??? lol, Wish I'd bought into Potash on its lows.

[Masked Bandit]

Originally posted by 4DoorGTZ
So when to all the transplanted people from Sask move back??? lol, Wish I'd bought into Potash on its lows.

Most of us will probably stay. I've been here for 15 years now, married, house, kids. I'm not uprooting all that just to go work in a mine. The spike in the SK economy over the past couple years has drastically reduced the number of people leaving SK in the first place though.

[ZenOps]

Well.. Its like people who buy a 100 kilogram tub of cashew nuts.

Some people can actually go through that much, but single no kid Canada doesn't need it. Now we can hoard it and watch the African neighborhood kids starve, or we can sell it off at a reasonable price to the Chinese kid with the bike right now.

BHP would have an easier time with worldwide distribution, China would also have the means of distrubution. We could also sell it to the US "me first" kid, and have a lot more weed.

BTW: Canada does not have means of distribution. We only have one highway FFS, lol. (You young people have no idea that they used to use people and horseback to supply the Banff Springs Hotel - and it wasn't all that long ago.)

It is a moral issue as well.

Chinese kid with a 100-kilogram tub of cashew nuts in his backpack is what its all about.

[Criticull]

Originally posted by ZenOps

BTW: Canada does not have means of distribution. We only have one highway FFS, lol. (You young people have no idea that they used to use people and horseback to supply the Banff Springs Hotel - and it wasn't all that long ago.)

We aren't driving that shit around on roads. It goes on trains and ships. If Potash Corp stayed Canadian, the expansion of Potash Corp's operations would certainly get bigger in due course, as is consistent with most shareholders' visions. Not sure what BHP would do differently. We already export our Potash. If the company was sold, the same Potash would just be exported by someone else.

[alloroc]

So Zenops - does this mean that after Fort Mac is invaded Esterhazy Sask. is next?

[freshprince1]

Originally posted by Jlude
I just finished a 2 year design expansion on a potash mine in Belle Plaine - Big fucking money being thrown around in Sask in the potash field right now.

Woo Hoo! They're buying our Safety System.