Heard a quick news item on CNBC earlier today BHP rumoured to be...

Heard a quick news item on CNBC earlier today BHP rumoured to be making a cash offer for Potash Corp... 30 % premium to recent price...!!!

If they're serious about entering this sector then something with a resource the size of what Trh has got will have to raise a few eyebrows...

regardless of that, it looks like we're about to fly through the 42 cent resistance level somone put on their chart

from CNBC website...

CANADA STOCKS-Potash Corp takeover speculation lifts TSXBy: AFX | 19 Oct 2009 | 04:24 PM ET Text Size TORONTO, Oct 19 (Reuters) - Toronto's main stock index finished higher on Monday, pushed up by speculation that Potash Corp of Saskatchewan could be taken over, and by firmer commodity prices. The S&P/TSX composite index unofficially closed up 39.43 points, or 0.34 percent, at 11,544.19. Potash Corp led all notable advancers after a Bank of America Merrill Lynch research report touted the idea that mining giant BHP Billiton could afford to make an all-cash takeover bid for the world's largest fertilizer maker.. Potash Corp. rose 5.5 percent to finish at C$106.71. ($1=$1.03 Canadian) (Reporting by Ka Yan Ng; editing by Peter Galloway)