Zimtu Capital: Interessantes Junior Explorer Portfolio (Seite 353)

[muenchenguru]

übrigens hält unsere Zimtu eine Beteiligung v. 2,675 Mio Aktien an PP.

DAILY NEWS Jun 12, 2013 10:19 PM - 0 comments
Pacific Potash keeps climbing
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2013-06-12

VANCOUVER – Brazil is the fastest growing potash market in the world and Vancouver-based Pacific Potash (PP-V) is hoping it can help the country sate some of its potash hunger domestically.

The company's flagship project covers almost 8,000 sq. km in the Amazonas Basin in north-central Brazil. The basin has seen only limited potash exploration to date and PP's properties are early stage, but results from neighbouring projects suggest the area could hold a fair bit of the fertilizer component.

"Every project in the Amazonas Basin, every exploration program in the area has resulted in the discovery of a deposit," says Andre Costa, newly-appointed president and CEO of Pacific Potash, in an interview. "It is an area with really good potential."

The markets seem to agree with that outlook. In recent months Pacific Potash solidified its focus on the Amazonas project with two moves: a deal to boost its earn-in on the project to 100% from 80% and the addition of Amazonas Basin expert Costa to its management team. The moves sparked a 340% share price rally that saw PP shares climb from just 5¢ in February to 22¢ today.

Costa joined Pacific Potash in late May from Brazil Potash, a private company pushing to break ground on a potash mine at its Amazonas Basin project next year. Costa was chief geologist with Brazil Potash and spent the last five years working to understand the Amazonas Basin from historic data and new drilling.

The work positioned Brazil Potash as the most advanced operation in the Amazonas Basin. Brazil Potash is set to release a resource estimate based on Costa's work in the coming months.

Pacific Potash's project lies on a corridor on land in between Brazil Potash's two land packages, so Costa's new position keeps him working in very familiar territory – territory that, despite its potential, is relatively unexplored for potash.

Costa says that is because, in the 1970s, potash was discovered simultaneously in the Amazonas Basin and in the Sergie-Alagoas Basin, near Brazil's eastern coast. The Sergie-Alagoas discovery was easier to develop and so potash attention shifted to that eastern area, leaving Amazonas untouched. It was only when potash prices increased in the early 2000s and oil and gas drillers again encountered potash in the Amazonas that interest returned to the area.

And interest there is. Brazilian energy giant Petrobras' ground in the basin is home to two large historic resources, while privately-held Cowley Mining is planning a drill program on its property next door to PP's lands. As for those Pacific Potash lands, Costa and his new team hope to punch the first holes into their project in August.

Those holes will be funded in part by a financing that saw a Chinese investment fund buy up a significant chunk of the company. Sino-Canada Natural Resources Fund is a private equity fund that invests in Canadian companies with natural resource projects around the world. Sino-Canada Fund is managed in Hong Kong on behalf of private and institutional investors from China. The fund took out half of the recent financing, buying 10 million units at 10¢ apiece, a move that doubled its Pacific Potash holdings.

Sino-Canada Fund now owns 25.5 million PP shares and a similar number of warrants, giving it a 28.6% stake in the company.

"We could not have asked for a better partner than Sino-Canada Fund," Pacific Potash chairman Balbir Johal said in a statement. "They have committed to fund Pacific Potash's early-stage drilling in Brazil and are in a position to provide mine development capital as required." Johal also noted that a partnership with Sino-Canada may well open doors to additional funding groups such as the BRIC Development Bank, a $50-billion entity focused on assisting development projects in Brazil, Russia, India, and China.

So the Sino-Canada Fund investment could provide much more than just money in the bank. Costa thinks the buy-in is a sign that the Chinese understand the potential of the Amazonas.

"The Sino-Canada Fund investment is exciting because they are really excited with the exploration program and we are optimistic we will find another deposit in the basin," Costa says. "There is strong potash demand here in Brazil but we could also have the ability to produce more than Brazil needs from this region. Hopefully in the next ten years we will have huge production from the area, comparable to Russia and to Canada."

Potash is used to designate a group of potassium-bearing minerals, dominated by potassium chloride, that help plants develop strong root systems and retain water. Brazil uses a lot of potash, buying up 80% of supplies sent to South America, and the country's needs are climbing. The prime culprit: sugar cane, which is used to produce ethanol. In 2007 Brazilian farmers consumer 6.8 million tonnes of potash; today demand has climbed above 9 million tonnes and is expected to keep climbing.

However, the country has only one operational potash mine – the one developed years ago in the Sergie-Alagoas Basin. It produces just 700,000 tonnes of KCl a year and will shut down in roughly five years.

Pacific Potash hit a new 52-week high on June 11, reaching 22.5¢ in intraday trading before settling slightly to close at 21.5¢. In February the company traded as low as 5¢. Pacific Potash has 89 million shares outstanding.
- See more at: http://www.northernminer.com/news/pacific-potash-keeps-climb…

http://www.northernminer.com/news/pacific-potash-keeps-climb…

[Grawshak]

Antwort auf Beitrag Nr.: 44.808.523 von morimori am 07.06.13 16:51:26

Insider

http://www.canadianinsider.com/node/7?menu_tickersearch=zc

[morimori]

In Canada gehts weiter .48/.50

[muenchenguru]

Speculators dump Western Potash after Chinese deal disappoints WPX needs a lot more where the $32m came from

Western Potash (TSX:WPX) slumped more than 10% on Monday despite confirming over the weekend months of speculation of an equity investment from China.

China BlueChemical, a subsidiary of China National Offshore Oil Corporation and Benewood Holdings, part of a Hong Kong investment firm have agreed to make a equity investment of C$32 million in Western Potash at a price of $0.71 per share. The price constituted a a 15% premium over the 20 day volume weighted moving average of WPX.

In afternoon trade Western Potash were changing hands at $0.65, down 10.9% with almost three times the usual number of shares changing hands as investors who were hoping for a more groundbreaking deal or complete takeover, dumped the stock.

Despite today's fall Western Potash is still showing robust gains for the year – speculators chased the counter up 30% since the beginning of May in anticipation of a deal. The company is worth some $120 million on the TSX main board.

Western Potash has long been considered a takeover target with Indian and Chinese players mentioned, and the Vancouver-based company may also be actively looking for a big partner as going it alone on its giant Milestone project would probably be too much to bite off on its own.

Western Potash's a feasibility study released in December pegs the project's proven and probable reserves at 137 million tonnes KCl with the capacity for a 2.8 million tonnes per year mine using the lower cost solution method.

Capex came in at $2.9 billion for the Saskatchewan project with commercial production set for 2016 and full operating capacity six year later with a life of mine of 40 years.

Western Potash also operates in a busy corner of the market with BHP's massive Jansen project, which if built would be the world's largest potash mine, competing for scarce labour and skills in the Canadian province.

There is continuing belt-tightening in the potash industry with the big players in Saskatchewan cutting back on production amid high inventory levels.

Prices have held up relatively well however, with prices in the spot market up $50 to $70 a tonne since contracts were inked by the major players for the first half of the year at close to $400.


http://www.mining.com/speculators-dump-western-potash-after-…

[muenchenguru]

Zimtu Capital Corp. Announces Appointment of Officer; Private Sale of Shares
VANCOUVER, June 4, 2013 /CNW/ - Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the "Company" or "Zimtu") is pleased to announce that, Ms. Jody Bellefleur has been appointed Chief Financial Officer ("CFO") for the Company. She will be responsible for all regulatory financial reporting including preparation of quarterly financial statement and management discussion and analysis. Ms. Bellefleur serves as the Chief Financial Officer for several other reporting Issuers. Ms. Bellefleur is a CGA with over 15 years' experience as a corporate accountant. She was an accountant with a private manufacturing company for 12 years and more recently, has worked independently as an accountant for various publicly listed mineral exploration companies. She has been a Member of the Certified General Accountants Association of British Columbia since 1998. Ms. Bellefleur is a graduate of the University of British Columbia with a Bachelor of Commerce degree, specializing in Accounting.

In addition, Zimtu has agreed to sell 3,050,000 common shares of Pasinex Resources Limited ("Pasinex") in private transactions to a director and to an insider of Pasinex. Zimtu currently owns 23% of the issued and outstanding shares of Pasinex. Upon closing of the private sale, Zimtu will own approximately 17% of the issued and outstanding capital of Pasinex.

[morimori]

= Nachrichten von Pazific Potash 2,675,00(0?) Aktien.
War ne kurze Kursaussetztung und ein neuer CEO - Kurs berappeln sich .

[muenchenguru]

Antwort auf Beitrag Nr.: 44.769.981 von morimori am 02.06.13 21:06:36

erlaube mir die Nachricht zu konkretisieren....
klingt gut, 0,71 $ mhh, hätte ein bisschen mehr sein können, aber gut.
Aber ok, insgesamt ein guter Schritt vorwärts.
Die Kursbewegung im Vorfeld sind immer interessant, da müssen Infos durchgesickert sein....

NEW YORK, June 2 | Sun Jun 2, 2013 5:51pm EDT

(Reuters) - Western Potash Corp said on Sunday that joint-venture company CBC Holding Corp has agreed to make a strategic investment in the Canadian junior miner that will result in its owning 19.9 percent of the company.

CBC Holding, jointly owned by China BlueChemical Ltd and Benewood Holdings Corp Ltd, has agreed to an equity investment of C$31.98 million in Western at 71 Canadian cents per share.

The investment for over 45 million newly issued common shares will result in CBC owning 19.9 percent of Western and give it a seat on Western's board.

Vancouver-based Western Potash has been looking for outside capital to develop its proposed 2.8-million tonne per year Milestone potash mine in Saskatchewan. Potash is a key soil nutrient for growing crops.

As part of the deal, CBC or a buyer it designates will buy up to 30 percent or 1 million tonnes of potash annually from the Milestone project for 20 years.

China BlueChemical is a majority-owned subsidiary of China National Offshore Oil Corporation . Benewood is a wholly owned subsidiary of GUOXIN International Investment Corporation Limited, a financial investment company registered in Hong Kong.

[morimori]

Neues Geld für Western Potash
China BlueChemical Ltd (3983: HK) und Benewood Holdings Corporation Limited, durch ein Joint-Venture-Unternehmen, CBC (Kanada) Holding Corp,

[gobu]

wuurde auch zeit, daß der kurs mal wieder einen satz nach oben macht.
und wenn die beteiligungen von zimtu mal wieder andere bewertungen haben (also so steigen wie zuletzt western potash), dann sind wir hier schnell wieder bei 1 euro... und dann ist immer noch platz nach oben.
gobu

[morimori]

In CAD nun schon wieder auf .35/.36 rauf und hier nix.
Western Potash muß sich bald entscheiden Strohfeuer oder Aufstieg