BHP Billiton (BHP) has dived over 3.5% today after it announced that it had made a $US130 per share bid for Canadian listed Potash Corp. Media reports have already speculated that it is likely that BHP will increase it's bid for the company.
One thing is for sure and that is other smaller players in fertiliser and phosphate and potash (ingredients in fertilisers) sectors have awoken. For those interested in these sectors some of the plays include Incitec Pivot (IPL), a fertiliser supplier, potash companies such as Orecobre (ORE), Reward Minerals (RWD), Elemental Minerals (ELM), South Boulder Mines (STB) and phosphate companies such as Minemakers (MAK), and Union Resources (UCL).
Finally, other companies like Rum Jungle (RUM) are taking the opportunity to spruik their company by announcing responses to the takeover of Potash Corp for PR purposes.
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