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Saskatchewan Provincial politicians vote unanimously to oppose the sale of Potash Corp -- (link)

Posted by Beaker (aka Anniebecca) Oct 29 '10, 05:35

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http://www.cbc.ca/money/story/2010/10/28/potash-bid-earnings.html (www.cbc.ca)

Responses:

I cant see the Federal Government allowing this to go through with such opposition.... - Walt_Disney Oct 29, 06:38 8
- this is my thinking too, NB is worried as well as they have a mine here as well -- nm - Beaker Oct 29, 06:41 7
  - If I were a potash miner, I wouldn't be worried at all. This is about who controls a strategic asset that is forecast to take off in value, not - Roger More Oct 29, 06:47 6
    - they're putting 2 billion into a new mine, who knows what happens with a takeover...plus "about those management positions, yeah all gone" -- nm - Beaker Oct 29, 06:56 5
      - BHP Billiton want to buy the company to mine more potash, not less. It's not like, say, a takeover of a factory where the new owners can - Roger More Oct 29, 07:05 4
        
        The protectionism is gob-smackingly ridiculous. - Name Withheld By Request Oct 29, 07:30 3
        
        potential cost to Saskatewan of a couple billion dollars (up to $10) is serious cash.... -- nm - Beaker Oct 29, 07:33 2
        
        First, that number is seriously torqued. Second, not approving the deal could cost a lot more in terms of foreign invesment. - Name Withheld By Request Oct 29, 07:44
        
        It's not as though a new owner would stop paying taxes or royalties. -- nm - Roger More Oct 29, 07:41

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