10 cents worth-didn't seem to be too much negativity in the ANN so IMO company may be happy with what has been agreed upon. We don't know the alternatives or what was spoken about during the meeting. For all we know Enamco may have wanted more for less. We know we have a great deal of potash and we know it is worth a fair bit.
Really at the end of the day isn't this transition from exploration to production what we want? If STB have had a high of 5-6 bucks on speculation and on the amount of product in the ground what will happen when production starts? Or when the approval of finance comes through? I think we have a fair bit of upside to the SP. I am happy to pick up a few more at 56c. It seems a knee jerk reaction as Enamco were already looking at 40% of the income so halving the SP due to them now receiving 50% doesn't make a great deal of sense but when did the share market ever make sense?
Good luck all
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