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To: ms.smartest.person who wrote (2830)	10/7/2007 8:58:25 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 3198

&#8362 David Pescod's Late Edition October 1, 2007 ANGLO MINERALS (V-ALM) $3.77 +0.42 Some of our favorite commentators such as Don Coxe are very bullish on agricultural commodities these days as they suggest much of the developing world such as India and China (with their huge populations) continue to upgrade their diet. Needless to say, that means a lot more commodities such as wheat, corn and soybeans could see much higher prices and the charts shows, that has definitely been happening. So how does one in Canada play that if one isn’t used to playing commodity markets? Well, there is one thing that’s needed in the farming business and that’s fertilizer and if you are into fertilizer, phosphate is a good business to be in. Some of the big phosphate companies are seeing record prices these days, but one junior we touch on from time to time has been Anglo Minerals. The charts shows you that in this recent correction, it too has suffered huge with a big sell off from $3.00-ish to $2.00-ish. For those who scooped us some cheap shares just a while ago, suddenly we are looking at record prices as the world markets seem to be reasserting themselves. Anglo Minerals has almost a million acres of potentially phosphate-rich land in Saskatchewan but the company has certainly not been very forthcoming about any new developments with partner—mining biggie—BHP. Scott Koyich, the investor relations guy to the stars, certainly travels in a lot of good circles and his stock pick on Anglo has been worth listening to. Next up, comes March Resources (MCF) he suggests with a big target in Chile that may or may not have lots of natural gas for a country that needs natural gas. CRUDE OIL: $80.21 -1.45 “Upstream” calls itself “The International Oil & Gas Newspaper” and you can tell from the different articles involved that they definitely do cover the globe. It doesn’t matter whether it’s exposes on what’s going on in Nigeria or to the Gulf of Mexico, this is obviously a magazine for those in the business to be following. On their most recent issue of September 14th, there were a couple of stories that caught our eye, one article titled, “Saudis run on empty in hunt for gas”. I suspect the average North American just assumes that Saudi Arabia is lousy with oil and that to find the stuff, all you need to do is sink a straw into the ground and voila—20,000 barrels a day of oil. Apparently not. This article looked at all the work currently being committed on what’s referred to as the Saudi’s “Empty Quarter” and so far, it looks like “empty” is the key word. Eni, Repsol and Saudi Aramco just sank $50 million to drill their most recent hole in the Empty Quarter and came up with nothing. That mirrored the latest disappointment by the Shell-led group in the Empty Quarter which also came up empty, but is expected to drill two more wells after the first dry hole. Supposedly, Russia’s Lukoil has claimed success in its Empty Quarter campaign, but it has not released any details. If Saudi Arabia with all its supposed richness can’t add to its production at a time like this, that has got to be another bullish factor for oil prices ... as if they needed any more bullish factors. If you would like to receive the Late Edition, email Debbie at debbie_lewis@canaccord.com