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What where seeing is a lot of small investors that bought for .30-.40 cents , selling, maybe because lost of job situation , or debt consolidation.. Economy is bad so those without a financial cushion will dip into there investments.. I have seen this before... and we can expect another bad year in the economy , nothing will change and the jobs situation gets worse .. imho o
I dont think there is much concern here at this point.
Can someone buy my 30k shares at 1.30? I need to free up some of my money.
news
Allana Potash to Commence Trading on the Toronto Stock Exchange (TSX)
http://www.marketwire.com/press-release/allana-potash-to-commence-trading-on-the-toronto-stock-exchange-tsx-tsx-venture-aaa-1558698.htm
TORONTO, ONTARIO--(Marketwire - Sept. 8, 2011) - Allana Potash Corp. (TSX VENTURE:AAA) (OTCQX:ALLRF) ("Allana") is pleased to announce its common shares will commence trading on the Toronto Stock Exchange (TSX) at market open on Friday, September 9, 2011. The Company's stock symbol will remain "AAA".
Farhad Abasov, Allana's President and CEO, stated: "We are proud to join the senior Canadian exchange at this critical stage of our development. This is also a very important event for Ethiopia as Allana has become the first company with an Ethiopian mining asset to be listed on the TSX, the pre-eminent exchange for global mining companies. We believe trading on the TSX will enhance our already strong trading liquidity and attract a broader investor base to Allana."
About Allana Potash Corp.
Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia. Allana has secured financial support from two significant strategic investors: IFC, a member of World Bank Group, and Liberty Metals and Mining, PLC, a subsidiary of Liberty Mutual Group. Allana has Measured and Indicated Sylvinite Resources of 97.8 million tonnes of 30.0% KCl; Inferred Sylvinite Resource of 108.3 million tonnes grading 31.3% KCl; Measured and Indicated Kainitite Resources of 284.2 million tonnes at 19.8% KCl, Inferred Kainitite Resource of 271.2 million tonnes of 20.3% KCl; Measured and Indicated Upper Carnallitite Resources of 78.5 million tonnes grading 18.4% KCl, Inferred Upper Carnallitite Resource of 85.6 million tonnes of 17.1% KCl; Measured and Indicated Lower Carnallitite Resources of 212.6 million tonnes of 12.0% KCl, Inferred Lower Carnallitite Resource of 130.7 million tonnes grading 11.7% KCl. Allana has approximately 196.5 million shares outstanding and effective September 9, 2011, trades on the Toronto Stock Exchange under the symbol "AAA".
Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information presented in this release.
•••
Farhad speaking in Toronto this friday
at the Metro centre....1145-1215
Will be there!
Added back my trading shares at 1.29 today.
NEWS: Allana Potash Initiates Feasibility Study on its Ethiopian Potash Project
Allana Potash Corp. (TSX VENTURE: AAA) (“Allana” or the “Company”), is pleased to announce that it has awarded a Feasibility Study contract to ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau (“ERCOSPLAN”) for its Ethopian Potash Project. ERCOSPLAN has been involved in Allana’s Ethiopian Potash project since 2008 and completed an updated National instrument 43-101 (“NI 43-101”) compliant resource estimate for the property in June 2011. ERCOSPLAN is a widely recognized world leader in potash exploration techniques and potash mining and processing. In addition to Allana, ERCOSPLAN’s clients include some of the largest potash exploration companies and potash producers in the word.
Farhad Abosov, Alana’s President and CEO, stated: “Allana is very pleased to engage ERCOSPLAN to complete a Feasibility Study for our potash project. As a world leader in potash mining, processing and related operations, ERCOSPLAN will play a key role in advancing this project. The Study will being immediately with additional equipment being mobilized to the site an expansion of the camp underway. With relatively shallow potash deposit Allana will consider open pit mining method along with solution mining. We expect that by the end of 2011 technical and economic parameters of open pit and solution mining methods will have been examined so that the management can determine what is the optimal mining method at the initial production stage. Once the mining method is determined the rest of the feasibility study will focus on the details based on that method. This is an important milestone for Allana since this timely start of the feasibility study will allow us to stay on track with our development plans. We look forward to working with ERCOSPLAN as we move forward to production and continue advancing our strategic talks with larger fertilizer organizations.”
As the successor to the former Kali-Ingenieurburo Erfurt, ERCOSPLAN is a specialist consulting and engineering group whose core activities include project management in all aspects of the extraction and processing of industrial potash and mineral salts.
ERCOSPLAN recently completed a NI 43-101 compliant resource estimate for Allana’s Ethiopian Potash Project which will form the basis for the Feasibility Study (see news release dated June 20, 2011). ERCOSPLAN will investigate the potential to extract potash via open pit mining as well as solution mining and solar evaporation, to product MOP and SOP products. The Feasibility Study is estimated to be completed in the second half of 2012 and will begin immediately.
Amen to that. There are ties that I think I have seen while DDing another company. Pure speculation on my part. Allana is a couple of years ahead of them and much better funded. I will leave it at that. Max Power, I think you know the one. The Synergies would be killer and very attractive to the Big Boys.
Even conservative~
Max Power, I agree to the extent that the potential here is huge. I am taking positions in some other Potash, but ALLRF is the anchor.
When one over expects they are sure to get under delivered. Allana is fine.
40 dollars is reasonable when we start production, but it certainly isn't going to sit around for the next 18-24 months until then. Some near term and likely highly signifcant catalysts.
1. off take with India or China
2. possible buy out from BHP or other
3. Bank financing for part of the project (that isn't covered by the off take)
4. Up list to the Toronto Stock Exchange
5. Start up of the Bankable Feasibility Study (and subsequent increase of institutional holdings which we have already started to see)
6. Acquisition of addional properties/companies
7. Start up of exploration and possible spin off of Argentenian property
8. drill results on remainder of property (still a significant portion left to be explored)
9. Continued consolidation in the potash jr. mining sector
feel free to add to the list, but seeing the above I would not want to be out right now...
Where we are at today.....
Well gents I must admit that my predictions 6 months ago did not come to fruition, and that Allana has become a much longer position than expected.
We all expected the RE to propulse AAA to $3+ dollars as soon as it came out. Most of us here bashed out on the few that predicted a drop to $1.50 post RE release. But in the end, they were right for the short-medium term. I have learned a few things from this experience so far...obviously how much is a company in the drilling stage actually worth? There are no revenues, no sales, only a mobile drilling platform in the middle of the desert with resources underground. For sure the drilling results are very positive, and necessary should this project come to term and ship out potash to the world. But as it sits today, it only has a kinetic value which can only be around a buck, buck and a half max.
The next steps are the feasability study, the environmental impact, financial assessment, construction plan, actual construction of the mine and finally extraction. Not a single dollar of revenue is expected until that last stage, so what happens to the stock price until then? Dundee targets $3 within 12 months which is nice, but really how different will things be by then? It may be listed on the TSX rather than TSX-V, and have the same SP effect as AAA listing on the OTC which was absolutely nil, or the drill reports which also leave investors totally immuable.
What keeps major investors from ignoring AAA for a minimum of a year because it is purely speculation that drives its price right now? And with the recent stock markets extreme variations, the little stocks take the most beating as investors shift to blue chips heavily and drop penny explorers to the curb.
I am not trying to paint a dark picture; rather understand and accept why the post RE drop and current stagnant SP. If and when all the dominoes fall into place and potash ends up on a truck outbound, I can see a SP rising to $40 which would be in line with available resources, potash price and extraction costs. Question is do I hang on to my holdings and sit on it for a few years at marginal profit, sell half and play elsewhere for a minimum of a year, or sell all and buy again in 2013?
A few banks have signed on which is great, and coats this project with a thin layer of sweet icing. 60 million is a great start, and I'm sure Farhad is working hard to secure another 600+ million required to build this future mine in the not so distant future.
In the end it is an exciting project that has lost some lustre last june, and still represents an excellent 3+ years investment.
I'd love to hear everyone's comments on this.
Jean
interesting....
Potash prices could beat $650/t by end 2012
http://www.miningweekly.com/article/potash-prices-could-beat-650t-by-end-2012-2011-08-31
By: Matthew Hill
31st August 2011
TORONTO (miningweekly.com) – As the supply-demand equation for potash continues to tighten, prices will continue to climb, analysts said on Tuesday, with one predicting they may even top $650/t by the end of next year.
“The average spot price of potash should climb to at least $650/t by late 2012 – perhaps higher,” Scotiabank economics VP and commodity markets specialist Patricia Mohr told Mining Weekly Online.
The price for the crop nutrient averaged $490 free-on-board at the Port of Vancouver in July and August, while Canadian potash marketing cartel Canpotex signed longer-term supply deals with India and China to supply them at prices as high as $530/t for some volumes.
Canpotex said earlier this year it had committed all of its volumes for the third quarter of this year and a large portion for the last quarter, as surging grain prices and demand incentivised farmers to apply more fertilisers.
“In the short term, you should expect prices to continue going up,” Northern Securities analyst Fadi Benjamin said in an interview.
While he said spot potash prices reaching $600/t at the Port of Vancouver would “definitely be a stretch”, they could “easily” add a further $50/t to current levels during 2012.
Toronto-listed Karnalyte Resources CEO Robin Phinney had a similar view.
“My guess is they’re probably going to stabilise in $550/t range over next year or two,” he said in a telephone interview, predicting that the world would have a potash supply shortage for the next 15 years.
Karnalyte aims to build a 500 000-t/y carnallite potash mine by the end of 2013 at its Wynyard project.
Benjamin noted that the market was different to 2008, when speculating distributors and dealers pushed the price of the fertiliser to nearly $1 000/t, and saw it promptly collapse during the recession.
“Everybody has learned their lesson, and they’re not going to drive it up again,” he said, comparing the 2008 price spike to the mania that drove the uranium spot price north of $135/lb in 2007, before it fell back to around $30/lb.
Mohr said prices that would cause demand destruction were still distant this time around.
“Prices are currently well below levels that would curb demand given high grain and oilseed prices,” she commented in an email.
Wet conditions in the US and Canada’s 2011 spring planting season delayed sowing, and a persistent drought in Texas has also held farm production down, keeping food prices high.
Benjamin agreed that current potash prices were not high enough to deter farmers in the high grain price environment, pointing out that potash applications only accounted for around 7% of total crop input costs.
INDIA ON THE PROWL?
Indian media reported earlier this month that the government and private companies were looking to secure their own potash supplies, after bumping heads with Canpotex over pricing this year.
The Financial Express said on August 23 that the government would establish an investment fund to buy fertiliser companies abroad, potash miners in particular, in order to reduce the country’s dependence on imports, citing unnamed sources.
Benjamin said it was possible that Indian companies moved in on the potash sector, but that Chinese State-owned firms would be more likely buyers.
“It’s no secret that the Chinese have been trying to kick the tyres in Canada,” he said.
The last major acquisition in the Canadian potash sector was when Germany’s K+S bought Potash One for $428-million earlier this year.
Since then, Chinese firm Evergreen Industries bought an 80% stake in TSX-listed MagIndustries, which owns a project in the Republic of Congo.
Mohr said there had likely been a lack of corporate activity since, owing to the fact that it is a relatively concentrated industry, with not that many potential targets.
According to Phinney, there is an “excellent opportunity” for companies from India and China to partner with Canadian juniors such as his to secure offtake.
He said Karnalyte had received “quite a bit of offshore interest” in its project, declining to provide further details.
Shares in Karnalyte have climbed 76% on the TSX since it listed in December, to close at C$13.75 apiece on Tuesday.
Western Potash, another Canadian junior, has added around 37% over the same period, while the world’s biggest fertiliser company, Potash Corp has gained around 24% since mid-December.
Edited by: Creamer Media Reporter
•••
lol, like the volume on allrf is consistent, it just mirrors whatever goes on on the Canadian side...get real
Uh huh...up 15c yesterday on 500 volume. down 8c on 9600 volume today. Sold my trading shares around 1.49 to 1.51 today. Will get back in lower.
Congrats on the ALL IN strategy looks like it is working out for you. Wish I had the nerve, but I did not and still dont. Nice move though.
hmmmm....looks like about 1.50 plus to me!
had better brush up on your skills.
on ignore.
Keith
yup- this ain't a chart play anyway.. charts cannot predict whats about to happen to the PPS over here
great, cause my DD is telling me that as well....
that's weird.. the chart just told me the other day it's about to go parabolic
Chart is telling me we are getting lower highs and lower lows. Next stop is 1.22?
I agree and have been accumulating. Man, i wish I would have seen this in the teens.
you can buy the allrf (us) or the aaa (canadian)...some brokers allow both, some only allrf and some none (stupid zecco)
So am I correct in my assertion that Allana is only listed on the OTC, but you have to buy it on the Venture exchange? Really wish my broker would allow us to buy on Canadian exchanges
i first bought Allana back in the fall of 2009 with prices in the teens.....I recently doubled my position in the 1.20-1.35 range....smart money would do the same...we are VERY CLOSE I believe to 'game changing' news....get it or get left behind
Screw China. They have been doing this to us for years. India will be the3 target, just as they should be.
Carlos Andres: Uranium and Potash Stocks on the "Frontier"
full article >>> http://jutiagroup.com/20110825-carlos-andres-uranium-and-potash-stocks-on-the-frontier/
TER: Another area that is generating quite a bit of excitement because of the growing need for food is the potash business, which produces fertilizer. Can you give us a little background on what’s going on there?
CA: Most people probably don’t realize that the fertilizer used to grow the food they eat does not come from animal manure; it is mined. There is a complex of three minerals—nitrogen, potassium (potash) and phosphorus—that makes up the bulk of fertilizers used around the world. Potash, in particular, is interesting from a supply/demand perspective because, in terms of production, it is the rarest of the three. It is also bulk mined and, thus, is mined and priced by the ton. The commercially viable and producing deposits are extremely deep—1,000 meters underground. So, consider that this bulk-mined commodity has to be brought up from the depths by the ton and shipped by the train carload. It is a very capital intensive mining development enterprise compared to developing your average gold mine. When you talk about developing a potash mine, we’re talking about $3B–$4B, whereas you can often develop an open-pit gold mine for roughly $100M–$200M.
What is even more intriguing is that the world’s potash supplies are highly concentrated. You only have commercially viable potash deposits in 12 countries being produced by 13 companies, resulting in 80% of this bulky product being exported for use in some 160 countries. So, you have very constrained supply amidst broad global demand.
On the demand side of the equation, China and India have huge populations, in case you didn’t know. This requires them to tax their arable land very heavily, hence creating a large and growing demand for potash. China is planting much of its arable land three times a year to meet rising food demand. That kind of activity strips the land bare of the nutrients it needs, requiring heavy use of fertilizers such as potash. This dynamic is playing out across Asia as its population increases, urbanization continues, the middle-class grows, and incomes rise. One last piece of that puzzle is the geography of potash supplies. Potash production is dominated by Saskatchewan Canada; Russia; and Belarus. Belarus is right next door to its dominant and overbearing neighbor, Russia. A vast majority of the world’s available potash comes from those sources alone. Think about the geopolitical consequences of Russia and Canada controlling this critical agricultural fertilizer. It makes for a very interesting story.
To make a long story longer, demand is rising dramatically, led by Asia, and potash is an irreplaceable fertilizer. There is no substitute. The majority of the world’s potash is controlled by two countries, and supplies, although voluminous underground, are costly to mine and distribute. As a result, demand is rapidly outstripping supply, leading to a dramatic rise in potash prices over the last few years. This creates an opportunity to explore for and develop supplies that are both geographically diversified and located at shallower depths, making them cheaper to mine.
TER: Well, if Canada ever goes Communist, we’re in trouble.
CA: That’s right. And, just to add a little to the drama, because Belarus is in very deep economic trouble at the moment, Russia has taken a huge interest in a state-owned potash company, Belaruskali. In order to secure financing, Belarus has had to put up that company as collateral. So, Russia now has its teeth in the Belarus supply as well. The price peaked in 2008 just before the global financial crisis at something like $1,000/ton, where over the recent decade it had been $50–$200/ton. It has fallen back down to $400–$500/ton. That price level now makes certain locations or mines possible that weren’t possible at lower prices. The higher prices are driving potash exploration.
TER: What do you like there as an attractive investment opportunity?
CA: At the moment, we’ve recommended Allana Potash (TSX.V:AAA; OTCQX:ALLRF). It represents a high-risk, yet potential high-reward situation that is located in Ethiopia. This frontier market is slowly opening its markets and stabilizing both economically and politically, featuring a democratic government. In the process the country has become mining-friendly and is experiencing historic economic growth. However, it is early in its development and, therefore, still carries substantial jurisdictional risk. What’s exciting about Allana’s Dallol deposit is that it is massive in size, high grade and sits at very shallow depths in comparison to the deposits in Saskatchewan or Russia. It is also attractive to China and India because it is located outside of the geopolitical influence of Canada and Russia. As a result of this and the fact that Ethiopia is rich in other important resources, both China and India are very active there. They are building out infrastructure to help stabilize the economy and promote its growth in order to extract those resources securely.
Another interesting fact is that Allana is a Forbes & Manhattan (F&M) deal. We didn’t know that when we first began looking at the company. F&M CEO Stan Bharti is a big driver behind the development of the Dallol potash project. These folks are proven mine developers. Allana has defined a huge resource that’s open in all directions. It’s a promising project and the company has roughly $60M in cash headed by a proven management team. There are two critical risks facing the project. One is the country risk we just spoke of and the other is the very hot and remote location of the deposit, where the lack of transportation infrastructure is an issue. Product has to be shipped roughly 600 miles from the desert valley-like location to get to the main port in Djibouti. Allana will transport the potash by truck initially. What will really unlock value here is the proposed railroad, which needs to find funding. The government of Ethiopia is mining friendly and supportive of this project and the Chinese and Indians have both pledged a great deal of money to develop railroad infrastructure. The big question is: When will this railroad development take place relative to Allana’s potash mine development? We are bullish on the company despite the risks mentioned. We believe the strategic importance and location of the project, along with the deep pockets and influence of the Chinese and the Indians, will go a long way to mitigate risks.
TER: That’s definitely one to keep our eyes on. The potential is certainly big, and it sounds like a matter of timing and financing now. Do you have any closing thoughts you’d like to leave with us?
CA: During a down market, we always encourage investors to remember that to profit in the high-risk, high-reward exploration space we have to buy low and sell high. Therefore, down markets are our best friends. It allows us to purchase well-researched high-quality companies at steeply discounted prices and this greatly reduces our risk. Further, we believe uranium and potash are critical natural resources where demand is rising faster than the ability of miners to supply it. Therefore, these are good sectors in which to deploy capital at current prices. Of course, this should be done with speculative capital only and no leverage so that you have the staying power to wait for the trend to catch up.
On the supply front, all mining is capital intensive. It takes a long time, in terms of years, and a lot of expertise in the face of extraordinary risk before a deposit can be found, defined, developed and brought into production. We believe that the demand part of this current equation is sustainable because of the structural demographic changes happening in Asia to drive prices higher.
Despite current market turmoil, the trends driving higher prices are here to stay, making this a lucrative space. We don’t want investors to lose sight of that when they are thinking about short-term market volatility. So, the trick is to not be afraid but to buy good quality companies when they’re cheap, like now. Then we hold on for the ride because eventually market turmoil gives way to underlying fundamental supply and demand dynamics.
TER: We greatly appreciate your insight.
CA: Thanks for having me.
Carlos Andres is the managing editor and chief analyst of the Frontier Research Report, a natural resource–oriented monthly investment newsletter focused on high-risk, high-reward junior exploration companies in emerging and frontier markets. Mr. Andres applies a potent mix of world-class expertise and lengthy experience in identifying countries and companies where “perceived” risk is much higher than “actual” risk, providing opportunities to profit significantly on the difference. Mr. Andres has been a natural resource analyst and investor for over 15 years.
••
hey, if China/India and World Bank have confidence in
this one..with MILLIONS IN FUNDS...heck, I feel great
with a couple hundred thousand.
have a good one.
Keith
WoW! I like Allrf, but would never put it all in one basket.
news:
Allana Potash Initiates Environmental and Social Impact Assessment on its Ethiopian Potash Project
http://www.istockanalyst.com/business/news/5376477/allana-potash-initiates-environmental-and-social-impact-assessment-on-its-ethiopian-potash-project
TORONTO, ONTARIO -- (Marketwire) -- 08/24/11 -- Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company"), is pleased to announce that it has awarded an Environmental and Social Impact Assessment Study ("ESIA") to Environmental Resources Management ("ERM"). The ESIA is scheduled for completion in Q3 2012 and will form an integral part of the Feasibility Study the Company plans to initiate shortly.
ERM is a widely recognized world leader in environmental and social studies on a wide range of projects including mining projects throughout the world and for clients such as Anglo American and Northern Peru Copper Company. ERM has offices in 40 countries worldwide and Allana's project will be coordinated out of South Africa. In addition to ERM staff, Ethiopian environmental consulting firms, such as Beles Engineering, will be involved in the ESIA.
Farhad Abasov, Allana's President and CEO, stated: "Allana is very pleased to engage ERM to complete an ESIA Study for our potash project. As a world leader in environmental and social studies, ERM will provide guidance on environmental and social programs in compliance with IFC and World Bank standards that will be important in advancing this project. The ESIA will begin immediately with a camp expansion well underway to accommodate additional staff. This is an important development for Allana and we look forward to working with ERM as our project advances to production."
About Allana Potash Corp.
Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia. Allana has secured financial support from two significant strategic investors: IFC, a member of World Bank Group, and Liberty Metals and Mining, PLC, a subsidiary of Liberty Mutual Group.
••
hoping we are making progress in talks with
India and Russia
my entire IRA retirement fund is ALLRF!
amen! got my shares!
added here today...we are just about ready for liftoff...
Aug 22 (Reuters) - Potash Corp: * Scotia capital raises Potash Corp to sector outperform from sector perform
It seems that fear is into the markets to the point of silly.
Union Securities Ltd. Initiates Analyst Coverage on Allana Potash Corp.
Allana Potash Corp. (TSX VENTURE: AAA)(OTCQX: ALLRF)("Allana" or the "Company"), is pleased to announce that Union Securities Ltd. ("Union") has initiated analyst coverage of Allana. If you wish to receive a copy of the report directly, please contact Brian Mok, Union Securities at 416-775-5135 or bmok@union-securities.com.
Allana's Ethiopia Potash Project is comprised of three mineral concessions totaling approximately 150 square kilometers in Ethiopia's northeastern Danakil Depression and Allana has the right to acquire a fourth concession for an additional 10 square kilometres. The project area is approximately 100 km from the Red Sea coast and the sea port of Mersa Fatma, Eritrea and 600 km via road from the deep water port of Djibouti. Allana's concessions have Measured and Indicated Resources totaling 673 Million Tonnes with 126 Million Tonnes of KCl and additional Inferred Mineral Resources of 596 Million Tonnes with 119 Million tonnes of KCl. Potash deposits of the Danakil Depression are unique due to their shallow depth and may be amenable to open pit or solution mining and solar evaporation. Additional drilling is ongoing which management believes will expand the resource base, increase confidence in the current resource and move mineral resources from the Inferred category to Measured and Indicated categories. Potash mineralization occurs in four potash horizons which can be processed to produce MOP and SOP products.
probably a very conservative move in the market to do that. In 2 years remember me when your flying to the west coast in your private jet. We can do lunch........
yep! selling everything and buying this one!
ALLRF, one for the future of the world. All agriculture needs potash to grow food!!!!
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ALLANA POTASH
TSX: AAA; OTCBB: ALLRF
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