Doug # BCC’mon “Mikie”.Who do you thing you’re kidding here/ In truth,you’re loving the position that poor decisions in SK have put the Conservative government in.It’s your pointy headed,elitist way of saying “we want to form government”.Don’t bother to mention that the Liberals rubber stamped almost every foreign buy out when they were in office.Not only that,they advocated in favour of the 64 cent dollar,which basically meant that not only did Liberla allow the sales, they allowed then at a 35% discount. This is akin to asking someone whether they want t be hung,or shot. What disapponits me the most is how SK is blamining the feds for this.SK owned that resource.Then,they willing slod ot because they couldn’t make any money off of it.Somone bought it,made money on it,and now SK wants to renege on the deal by telling the people they sold it to,that they are not entitled to sell it to somone else. Brad Wall is the scumbag here.I actually hope ther is a LEGITMAT way for SK to come out of this happy.But Brad Wall is a hypocit for blaming the feds for this.The government of SK made the mess,and now,if it’s can’t be cleaned up by the feds,the province wants to take a pass on any real judgment about who caused this.The very least Brad could do is “man up”,and tell everyone who started the problem.It’s always easy to fogive someone,or a government,when they make an honest mistake.When they try to blame somone else,not so easy. As others have said.Tough choice.There is no answer that is entirely correct.On eill make people feel better by keeping the company the way it is.The other will cost honest shareholders millions of dollars,and show SK as a poor place to invest your money.
And,oh yea.This is PM Harpers fault. Is there an election due in Sask,or do you lie every day??. Linda in VancouverMichael has perfectly described the dilema that every thinking person is feeling about this.The people who think Canada should never selll resources are living in Fantasyland.Resource sales pay for your high standard of living.If you like poverty,don’t sell anything. IF the sale is blocked,the decision may be fairly popular.But,international investors may no longer be looking at Canada as a safe place to invest money.Once that happens,we are all in deep Do-do.Especially given that manufacturing in Canada is almost a dead industry too.Who will pay for your free health care them? The tooth fairy? If the company can’t be sold.the shares are essentially worthless,and Saskatchewan will almost certain not see people willing to invest there again. Spin me another fantasy Mr.Wall.He will certainly take the fall no matter what decision is made.But you, Mr.Wall,are a coward. Here’s an idea.Saskatchewan sold it.They want it back.BUY IT.Or is it their plan to return to total socialism. Canada has resources people need.But we lack both the population,and the investment capital to develope and use them oursleves.So,we ask investors to put up the money to develope the resource,and we make money through things like royalties and the jobs created.
DJVAs a shareholder of POT, I will not be soliciting my stock to BHP or anyone else for that matter. It’s one thing to be open for business and investment, but it’s quite another to be the nieve boy scout of the world, continually dropping your pants and bending over for the multinational corporations of the day.Time for Min. Prentice to grow a couple and just say NO !. Yes, I can make a nice short term gain but I prefer to look at the big picture. POT was once a $200 plus stock and with fertilizer prices on the rise as well as demand, I believe it will be there again.Secondly, what country would allow a strategic resource to fall into the hands of one giant coporation.
Nothing like scaring off foreign investors with blanket comments that don’t make sense. TimIntelligent Liberal said “Foreign investment in Canada should be blocked! This is another example how when he is elected Prime Minister Iggy will fix Canada’s foreign policy.”LOL.Way to go telling foreign investors that your money and the jobs that would be created are not welcome in Canada. With this illogic, I can see why the Liberals get votes and support.
Why would anyone want investment that would cost them money, free market or not. Not the kind that will lie to us about their intentions and cost us money. Don’t be so stupid. Not anyone elses in Canada. John from Saskatoonif you’re not from Saskatchewan or are not an investor in this company then your opinions on this matter should be kept to yourselves. We want responsible foreign investment. If our stand drives away foreign investment from Saskatchewan then it wasn’t the kind we wanted anyways. This is our resource.
How can you even call it a hotile takeover when the company is offering $10 BELOW!!! The current value of all outstanding stock!. There offer was for $130/share. kevin burkhartIf BPH Ltd wanted to execute a successfull takeover they should start by offering a premium on the stock. Currently a shareholder can fetch $145/ share by selling their stock on the market. If I owned Potash Corp why in hell would I sell my stock for $130/share to BHP and lose 10% on every stock I own.
And, Intelligent Liberal – your post has to be the most comical that you have ever written. The crux of this deal was not the purchase of the land that the resource sits on, it was the right to mine it and sell it. Protectionism doesn’t serve anyone. If we shut the door, then other countries will do the same. You have no background in economics at all. Most of you forget how many Canadian companies own organizations around the world. What an oxymoron of a name. Clement caved to an uneducated, uninformed electorate. You must leave the door open to foreign investment. Wake UpThe problem is that 90% of the posters here really don’t have a clue about the intricacies of this proposal and how ‘free’ markets operate. The shareholders would have demanded more. It’s already primarily foreign owned for goodness sake.
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