written by reader Thoughts from Myron — Spring Focus on Agricultural Stocks

by takeprofits | March 31, 2014 7:44 am

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Source URL: https://www.stockgumshoe.com/2014/03/microblog-thoughts-from-myron-spring-focus-on-agricultural-stocks/


19 responses to “written by reader Thoughts from Myron — Spring Focus on Agricultural Stocks”

  1. balzy says:

    Thank you for your time here Myron as myself value your input as others do, will research your recommendations. On another note, what is going on with Limiko Resources going down to $0.08 from the $0.12 when you wrote about it I believe?
    As always, thanks

  2. vivianlewis says:

    dear Myron, thank you for mentioning Allana Potash which trades as AAA up in Canada and ALLRF on the US pink sheets. The happy few, who get both your views as paid subscribers with Travis and mine as paid subscribers to http://www.global-investing.com joined the latter’s editor, me, when I bought Allana. We are actually up a bit, after Israel Chemicals (ISCHF) was sold shortly after it signed a deal with Allana .
    AAA is developing a very rich potash mine in Ethiopia which thanks to ISCHF now has a crack at getting needed bank finance. It is already receiving help with getting the infrastructure in place to get electricity to the mine and a railway to the port of Djibouti (and eventually to a port in Ethiopia itself) thanks to its minority shareholder, the International Finance Corp. , the private equity arm of the World Bank. It has lots of water on the site which holds particularly rich potash deposits, so it will have a lower price despite the efforts required to get it to market.
    When I learned about the ISCHF deal just as we were exiting it because of specific issues in Israel, I jumped on Allana and took my readers along for the ride.
    Come join us, Myron. And other seekers after agro-inputs and African ideas. And consider joining the http://www.global-investing.com subscriber base. We are honest reporters but do not have the megabucks Agora deploys in the US, Canada, Britain, Australia, and (soon I bet) Ethiopia.

  3. vivianlewis says:

    dear Thomas Paolini
    no, the Wall Street on-line note tells that the deal with Israel Chemicals was completed yesterday as expected. The financing is separate and still not tied down. Allana is a Canadian small cap stock and high-risk. It may wind up having to sell more shares or to issue convertible shares or ones with warrants to lends to finance its plans in Ethiopia if it cannot get bank finance without them. It is due to take place this quarter, we hope.

  4. alephnull says:

    Hello Myron, looking on the cantech letter site checking on Can adian cleantech i stumbled upon Burcon Nutrascience (BU.T) (BUR.Nasdaq). Knowing of your interest in the soft drink sector, this firm has its business in extracting proteins from plants like soy and canola. The proteins are to be used in sportdrinks. Its partnering with Archer Daniels Midland. The latter has completed a plant in Illinois for the production of the proteins. Burcon will receive a royalty on sales. If they succeed in landing a contract with a large sportsdrink house like for instance Pepsi, Burcon will do nicely. The price of its stock ts now of from recent highs.

  5. jabel says:

    H Myron, any thoughts on would-be potash miner st.to (which I have followed down into the grave) and or tk.v and lvn.to. Thanks

  6. dbvora says:

    Myron thanks for the insights, what is your opinion on ANV and east west petro. Both are beaten down significantly in recent weeks.

  7. arch1 says:

    Myron; any idea what is going on at PGLC? Lots of buying by two people recently.

  8. greenfire67 says:

    Myron,
    I sold ALLRF due to your comments earlier (uranium stocks) I still think it has atleast a few more months before going anywhere. Originally I was hoping for a buyout, due to impressive concentrate numbers. But the ICL deal ment a takeover was less of a reality and building out the mine was more immanent, thus a longer term bet. That capital went into Lomiko. Top quality advice, thanks.

  9. takeprofits says:

    I agree that barring a takeover Allana is a longer term bet and the better job you can do of marketing timing and avoiding “dead money” the better your long term results will be.
    Nobody can time the market perfectly on a consistent basis, me included, but short term catalysts are a definite consideration in making wise choices as to the “when” of an investment, so good thinking on your part.

  10. vivianlewis says:

    my own perspective is a bit more long-term. I await Allana getting the finance it needs now that it has a pair of big backers, Israel Chemicals and the private equity arm of the World Bank, the International Finance Corporation which is helping fund the necessary infrastructure to get the potash mine up and running (it needs electricity) and to get the potash to market (it needs a railroad.) I am not rushing into other potash stocks given the uncertainty about prices as the Belarus-Russian cartel and the legal Canpotex western cartel (run by Potash of Saskatchewan) cut prices to Asian markets. for whatever it is worth, I think that the potash price will firm up now that there is so much uncertainty about the grain produced in some of the richest land in Europe, the Black Earth of Ukraine. This will encourage more planting this season in other areas like North America and western parts of Europe, and therefore more potash buying. The rise will not affect Allana because it is not currently producing potash, but it may make the financing go easier if the bankers can plug in a higher price level on their spreadsheets

  11. hendrixnuzzles says:

    Dear Myron,

    Do you have a point of view on KPLUY, specialty European potash producer ?
    I read something about it in a newsletter, can’t remember which one…said KPLUY’s output was of a higher grade suited for certain European ag products…

    Thanks very much

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