any opinions about this stock , page-10

That's not quite fair Mjp2.

I have been following this coy for the last two years. I have been posting on this forum many times from when it was still TRH and became very excited when focus turned to the K20 potash project in San Juan county. How much do you know about POK and how long have you been a holder?

The coy was very prominent and moderately successful(not according to the market)drilling campaign on the hit and miss state land, and, suffered the consequences of a reco and subsequent sell. The project is one of considerable significance and hence needs the ducks to line up for a very exciting drilling program on fed land.

For your benefit this is what I posted in March

http://www.blm.gov/pgdata/etc/medialib/blm/ut/moab_fo/mlp0.Par.36566.File.dat/MLPNewsletterNo1.pdf

Then after being largely dismissed, this in July found by Exdiv:

"The San Juan County Commission spent their May 7 meeting dealing with a myriad of public land issues. The commission approved a letter to the Moab office of the Bureau of Land Management as a response to the scoping period regarding the new BLM Master Leasing Plan process.

Commissioners made it clear that they object to the master leasing plan on all levels. Commissioner Bruce Adams said the current BLM resource management plan, which the county was involved in, took five or six years to develop, “Now they come back and want to do another layer on top of the RMP. We object to the whole process. We object to them now including potash in the master leasing,” said Adams.

The letter states, “Mineral exploration and development have been a significant part of San Juan County’s economy for decades. Mineral industry has suffered in recent years due to market fluctuation and increased regulation placed on exploration and extraction of minerals. San Juan County has suffered a significant reduction in its tax base as a result of the depressed mineral market.

“The fact that the MLP process may take at least three years or more to complete before new mineral leases can be issued will further delay the opportunity the county has to improve its economy through mineral exploration and development.”

One agency immediately impacted by the BLM Master Leasing Plan is the K2O potash program. In an effort to help K2O move forward with potash exploration and development, the Commission signed a resolution stating their expectation that the BLM honor the policies set in the county general plan regarding mineral development.

It said the county expects the BLM to proceed outside the master leasing plan for oil and gas development, to exempt K2O from the master leasing plan without delay and to facilitate approval of the project.

The resolution states that the K2O potash project was already well underway before the decision concerning the master leasing plan was made by the BLM. The county asked that the BLM recognize the significant impacts the sudden inclusion of potash in the master leasing plan will have on the economy of San Juan County.

The commission said they support job creation, county revenue enhancement and resource utilization and urged the BLM to reduce regulatory burdens they have placed on the potash development. They point out in the resolution that San Juan County has one of the smallest tax bases of any county in Utah due to the percentage of federal owned land in the county, stating that 92 percent of the county is managed by tribal, federal and state agencies.

The county general plan, which was amended in 2008, contains policies for the appropriate use of public lands within the county. The General Plan states that it is the intent of the county to achieve and maintain a continuing yield of mineral resources in the public land region at the highest suitable levels.

The county said the Moab office of the BLM has only recently sought to include potash in the master leasing plan for oil and gas that they are currently developing. The county contends that by doing so, the BLM has introduced adverse factors and considerable delay into the planning of a project already well under way.

They add that K2O has worked diligently for several years to keep the project consistent with the county general plan and to mitigate negative impacts. K20 has already drilled and located potash on state leases in the Hatch Point area and has a memo of understanding with BLM in the area.

The project is expected to create hundreds of valuable new jobs in the county to pay tax revenues exceeding $19 million, effectively doubling the county’s current tax base, in addition to lease fee royalties.

It is the opinion of the San Juan County Commission that any delay by the BLM will significantly delays the benefit of jobs and tax revenue at a time when both are desperately needed by the county.

In addition, the commission unanimously adopted a resolution to participate as a joint plaintiff in a lawsuit being brought against the federal government due to their attempt to close the Arizona Strip to multiple use and uranium removal."


http://www.sjrnews.com/view/full_story/18514295/article-Commission-expects-BLM-to-honor-master-plan?instance=home_news_left

When I questioned again Mitis got reply from BB-

"Mitis,
We do not responding to individual shareholder questions however I can say that this master leasing plan has no affect on the current drilling permit activities. Ben

G.A. Ben Binninger"

It appears that everything, bar a few teething problems, is on track, I for one hope so and follow the developments as close I can.

So not sure if you right about the down ramping, trading etc as I have been following this for a while and done considerable dur diligence to what a layman can.

There are some very astute posters on the threads with Topwon, AB4825(where r u?) and I hope to be having more discussions on the POK thread very soon.

It certainly appears the appetite for risk may be creeping in with the performace of a couple of speccys recently!