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Reviewing Cash Burn Rates for Junior Potash Firms
Sep. 28, 2011 05:54PM PST
Potash InvestingFinancial Post reported on which potash companies have the best cash position.
Financial Post reported on which potash companies have the best cash position.
The market news is quoted as saying:
Allana Potash Corp., Karnalyte Resources Inc. and Western Potash Corp. are in very solid shape, with cash balances of $55-million, $35-million and $25-million respectively. Allana can maintain its current spending pattern for more than three years without needing an equity offering.