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Gold/Mining/Energy : Verde Agritech

NPK.TO 1.070

+0.9%

10:16 AM EST

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To: Claude Cormier who wrote (1602)	8/30/2010 10:58:28 AM
From: Rocket Red	1 Recommendation Read Replies (1) of 16582

Interesting got this morning on Amazon I apologize for the late reply. I have been out of the office due to medical reasons. Regarding Amazon, the recent BHP story certainly fired up the Potash market. Amazon wasn't any different. It had a $2.84 high last week and now is currently trading in the $2.20 level. Cristiano Veloso has been dealing with the Brazilian government in order to have a tax break for this product. Apparently everything is leading to a favorable position from the government on this matter. Canaccord does not cover AMZ but I personally believe that, if everything goes according to plan and AMZ can show that its process is economical, I wouldn't be surprised to see the share price between $7 and $10. The team led by Cristiano and Jed is very efficient, the share structure is very tight and potash is a major issue in Brazil. So I believe they have all the ingredients to succeed. But as I said before, it has to be proved that this method is economical (which I believe it is). Rogerio Tippe Investment Advisor

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