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Gold/Mining/Energy : Champion Resources - CHL.vse -- Ignore unavailable to you. Want to Upgrade?

To: rdww who wrote (10)	10/12/1998 10:56:00 PM
From: rdww	Read Replies (1) \| Respond to of 176

the PP should be closing soon as it gets nearer time to get back and drill some more. A NR from Potash Corp about their outlook for fertilizer - a major plus for Champion's prospects in this shitty commodity market. Potash Corporation of Saskatchewan - Globe says firm expects to escape world's economic turmoil Potash Corporation of Saskatchewan POT Shares issued 53,737,233 1998-10-08 close $79.8 Monday Oct 12 1998 The Globe and Mail reports in its Friday, Oct. 9, 1998 edition that chairman, president and CEO, Charles Childers of Potash Corp. of Saskatchewan expects his firm to escape damage from the international currency turmoil. The Globe's Allan Robinson write that Mr. Childers says governments will buy the fertilizers needed to ensure their citizens get a good quantity of food at reasonable prices. He says he's confident that rising world demand for food will carry the demand for fertilizers with it. The supply of arable land is shrinking and there's a need to increase yields as the demand for poultry and meat rises along with the growth of the middle class, he says. Profit for the six months ended June 30 was $152.1-million (U.S.) or $2.81 a share, compared with $153.3-million or $3.02 a share a year earlier, when there were fewer shares. Its revenue was $1.2-billion, compared with $1.1-billion. Mr. Childers says the current Asian problems have had little effect on the company. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com