Patersons - 24/06/2013: After a comprehensive review of our...

Patersons - 24/06/2013: After a comprehensive review of our stock coverage universe, Patersons has ceased coverage on Potash Minerals (POK).

Patersons - 21/05/2013:In April the BLM authorised 22 Federal Prospecting Permits. This was less than the 28 included in the application which had an adverse impact on the size of the resource. The current permits only covers 50% of the project and as such we can only expect the resource to increase towards 50% of the exploration target after the next drilling campaign or until additional Federal Prospecting Permits are issued.

There is a worldwide collapsing price for potash and still no mention of a reduction in any exploration target by POK. Patersons were prepared to mention it before they ceased coverage on this disaster of a company.
I would hate to think what the pre-feasibility study will look like! If they ever start it! Or have they? Who knows! The company doesn't seem to be saying much! Nothing was mentioned about another scoping study for the last raising, it was supposed to be for the pre-fesibility study! Maybe they don't want to release a pre-feasibility study because it could sink the SP into oblivion. Just keep on keeping quiet POK, that is what you are good at. Nothing but a black hole!
Over and out!!