Charles Lemieux
Tech, oil & gas, small-cap

Karnalyte Resources : A Junior Potash Play Trading Below Cash Value

What's going on with potash

We all pretty much know the story by now. On July 30, Russian potash supplier Uralkali announced that it wanted out of the BPC (Belarusian Potash Company), a joint-venture created by the latter and Belaruskali to export their potash fertilizers. This had the effect of a bomb in the stock markets. The news created a going concern about future potash prices; and god knows markets hate wavering. On July 30, producers Potash Corp (NYSE:POT), Intrepid (NYSE:IPI), Mosaic (NYSE:MOS) and Agrium (NYSE:AGU) lost 16.54%, 28.54%, 17.67% and 5.39%. According to Uralkali, the commodity could drop below 300$ per tonne. BPC, along with Canpotex (joint-venture between Potash, Mosaic...

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