denpal,patience indeed. And guts. Again, let me say that I was...

denpal,

patience indeed. And guts.

Again, let me say that I was expecting a higher price on release of these results, say $4, but understand that whoever the Australian investors were who are going to buy ELM are already in; yes, the share price is up, but the big leaps that we expect (and using Anatol's matrix the value is about $17.75 as of now) can only happen if new investors join the fray, and that means offshore investors - Europe and TSX.

An earlier poster, radesouza, said that we can expect the price to sidetrack or even ease until this happens. This could happen if the short termers and more excitable investors expectations aren't met. I don't see this as down-ramping, we just need to be aware of the behavior of this class of investor.

Personally, I think we'll see some interesting movement in Europe tonight and more here tomorrow as institutions and overseas investors create upward movement.

However, the big gains will be made when ELM list on the TSX - all those North American institutions and Canadian (and European) potash miners can ogle ELM in their own time zones.

Plenty to look forward to.