Thursday, June 12, 2008

Anyone game for a potash play?

The Utica shale and potash plays are running neck and neck for the speculators attention. Many potash juniors have already made spectacular runs yet there is one play that hasn't yet gone parabolic. They are Ringbolt Ventures (RBV.V). They have just uncovered past drilling data on their huge potash claims in Utah and this should give them a re-rating as this play is better understood. Casey just sent out an alert on them and they have the lowest number of outstanding shares of any serious potash player (under 18 million out). Everyone knows I like the tight share structures as they provide the greatest leverage in these bull runs. The service below provides a good starting point to get familiar with them and their website also is worth looking at. I bought 20,000 shares last week and my cost basis is around $1.88. Happy Hunting.

http://miningmarketwatch.net/rbv.htm (note: right click the link to open in a new window)

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