Daily Stock Opinions and Ratings

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

Opinions

James Hodgins Allana Potash Corp AAA-T COMMENT Apr 21, 2011

He is bullish on the agricultural cycle. Found potash in Somalia close to the surface. Companies like this that are growing their resource very fast are attractive takeover targets. The civil unrest in northern Africa and the middle east could continue to spread and raising capital could be a problem. An interesting speculation.

James Hodgins

Unlock Rating

$1.860

Stock price when the opinion was issued

Mining

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

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.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

James Hodgins Allana Potash Corp AAA-T COMMENT Apr 21, 2011

You might be interested:

Allana Potash Corp(AAA-T)

Allana Potash Corp(AAA-T)

Allana Potash Corp(AAA-T)

Allana Potash Corp(AAA-T)

Allana Potash Corp(AAA-T)

Allana Potash Corp(AAA-T)

Allana Potash Corp(AAA-T)

Allana Potash Corp(AAA-T)

Allana Potash Corp(AAA-T)

Allana Potash Corp(AAA-T)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Brian Madden

The Panic-Proof Portfolio (Stockchase Research)

The Weekly Buzzing Stocks by Billy Kawasaki

Kim Bolton

Stockchase Insights