Daily Stock Opinions and Ratings

Opinions

Lesley Marks Allana Potash Corp AAA-T BUY Mar 09, 2011

This is the one she has chosen of this sector. She likes the asset and the management team. Can be brought into production with lower CAP-X than in Canada. It’s a good opportunity to enter at this level.

Lesley Marks

Owned

Unlock Rating

$1.660

Stock price when the opinion was issued

Mining

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DON'T BUY

Potash in Ethiopia. This is not one of her “go to” names. If you like potash and you want to get into the junior space, she would prefer something like Western Potash (WPX-T) or Karnalyte Resources (KRN-T), which are in safe jurisdictions and their profitable projects.

COMMENT

Very volatile security. If you own, use any further rallies as an exit point. Big resource and will need a ton of capital to put it into actual production.

DON'T BUY

Seems like a fantastic deposit. It will depend on how the sector does and he is quite negative on it for the next 12-18 months.

DON'T BUY

Potash in Argentina and Ethiopia. Shallow digging but not much infrastructure. Having got earnings yet. The whole agriculture sector is being cratered. The giants are closing down mines.

BUY

An African play and there are likelihood of potential of take agreements coming in. Grades of potash coming in are excellent. In the $.80-$.85 level this looks interesting.

DON'T BUY

In the horn of Africa. He prefers Saskatchewan.

DON'T BUY

Potash. When you are looking at a sector and the blue-chip in this sector is hammered down, there is no upside in going with the more peripheral play. You should really be looking at Potash (POT-T). This is the blue-chip and it has been bombed out and typically trades between $40 and $60 and is at the low end of that range.

HOLD

Company is fine but generally the potash market has not responded as well as the other fertilizer markets. There are also geopolitical risks. Potash is probably due for a bit of a bounce but will probably be short lived because of less supplier discipline than has been in the past.

DON'T BUY

Small, potash play in Ethiopia. Stock is bouncing all over the place. Potash prices are probably not high enough to have someone come in and spend all the capital needed to bring it into production.

DON'T BUY

The potash deposit this company has is fabulous. He’s been cautious on all Junior companies in this environment. You may have the greatest deposit in the world, but if you need financing, you may have to issue new stock. There is also the political risk.

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Lesley Marks Allana Potash Corp AAA-T BUY Mar 09, 2011

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