Yahoo Finance Competition In The Potash Space Heats Up With Western Potash's Revised Mine Plan
ZURICH, SWITZERLAND / ACCESSWIRE / July 2, 2015 / Today, mining analyst Stephan Bogner published a research update on Western Potash Corp., as the company has released material news today.
Excerpt:
While K+S Aktiengesellschaft has received a friendly take-over bid from Potash Corp. last week, today Western Potash Corp. has announced the completion of a Scoping Study for a revised mine plan of its Milestone Potash Project in Saskatchewan, which is adjacent to K+S's Legacy Potash Deposit.
The offer by Potash Corp.'s new CEO, Jochen Tilk, has been called a bold move. This offer is also reputed to be at a 57% premium (41 EUR) to the last 12 months average trading price for K+S. It represents a major move by a mining giant and one which potentially signals a new direction of opportunity in the potash sector.
Today, K+S officially rejected the offer as "too low" and "according to our perception, PotashCorp wants to take advantage of a valuation gap to take over K+S in order to gain control of Legacy."
Rockstone believes that Western Potash is now, with today's revised mine plan, in a strong position to capture this upside, leading me to ask "Who is the next company to be acquired in the potash space?"
The full research report can be accessed via the following links:
English:
http://www.rockstone-research.com/images/PDF/Western5en.pdf
German:
http://www.rockstone-research.com/images/PDF/Western5de.pdf
Disclaimer: Please read the full disclaimer within the above mentioned full research report as a PDF.
SOURCE: Rockstone Research Ltd.
