Very interesting Canadian exchange listed Potash Play that I recently added to my public list. Yesterday AMZ.V – Amazon Mining Holding announced a joint venture with Agrifirma Brazil. This is still a high risk play as they have yet to prove their ‘ThermoPotash’ concept will work. If this is going to be an economically viable product the potential for stock price increases is going to be huge.
Technical analysis will help provide a few entries along the way. The tight share structure surely makes this a compelling play. There are only around 30 million shares outstanding. With Brazil garnering more attention lately this is definitely a stock worth keeping a close eye on. Here’s a chart overview with additional Fertilizer Stocks to better gauge the sector’s strength. With looming food shortages that are supposed to hit next year, this investment theme could be very profitable. Stocks like FEED – AgFeed Industries, SEED – Origin Agritech Limited, GRO – Agria Corp and last but not least BXI.V – Bio Extraction are indeed performing very well lately.
Up-to-date AMZ.V – Amazon Mining Holding Chart on my public list.
From the company’s website www.amazonplc.com:
Amazon Mining is a mineral exploration and development company founded by Brazilians in 2005. The company is focused on the development of Cerrado Verde project. Cerrado Verde is source of a potash rich rock from which Amazon plans to produce a slow-release, non-chloride, multi-nutrient, fertilizer product. Amazon Mining is a UK public company with shares listed on the TSX Venture Exchange since November 2007.
Have a great evening!
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