buying up bargains...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
pretty steep afternoon climb to .17 so far... gotta be something going on behind the curtain
hmmmmmmmmmmmmmmmmmm
comments like that are exactly why the republicans will cease to be relevant very soon... after 2014 they won't be able to obstruct progress they way they do now. palin is a moron and if cruz actually believes (i think he does it for power and $) what he says then he is as well
largest bid i can remember, clearest sign yet!
awesome update! thanks for making the call!
you are always critical lol...so no you wouldn't
with that logic there is no need to ever invest in anything... everything is already properly valued... what a ridiculous proposition
The NPV or net present value is what the project is currently 'worth', not the amount projected to be generated over the life of the project
i would like to know who has been buying shares?> something is coming... likely FOR (friends of Raoul) are snatching them up... tiny share structure here and even smaller float
great day here... very excited for tomorrow and next week!
yes!! looking great....i bet we are about to hear the reasons why folks are buying very soon
great news today!! all things are in place....
Allana Potash Granted Mining Licence for the Danakhil Potash Project in Ethiopia
TORONTO, ONTARIO--(Marketwired - Oct. 9, 2013) - Allana Potash Corp. (TSX:AAA)(OTCQX:ALLRF) ("Allana" or the "Company") is pleased to announce the issue of its Mining Licence for the Danakhil Potash Project (the "Project") by the Ethiopian Ministry of Mines, after receiving approval of the Ethiopian Council of Ministers.
"Allana is proud to have achieved this major milestone in the development of the Project and very much appreciates the extensive work done by Ethiopian government staff and Allana's consultants and employees in reaching this goal", said Allana President and CEO, Farhad Abasov, further noting that, "Allana is now positioned as one of the leading mining companies in Ethiopia and is committed to working with the Ethiopian government, our communities, investors, lenders and contractors to deliver on the significant potential of Ethiopia's potash resources."
Allana's Mining Licence was issued after a detailed review by the Ministry of Mines and other Ethiopian government departments of the Project's Feasibility Study and Environmental, Social and Health Impacts Assessment (ESHIA), which was approved in May 2013 by the Ethiopian Environmental Protection Authority and Ministry of Mines.
With the receipt of the Mining Licence, Allana now has the required regulatory approvals to complete the development phase of the Project and move directly to contracting, construction and operations. Allana is continuing to work with various parties in completing final development aspects including the contracting, financing and infrastructure for the Project, and expects to provide updates on these initiatives in the near future.
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, a member of Liberty Mutual Group. Allana has estimated measured and indicated Sylvinitemineral resources of 327.4 million tonnes of 28.3% KCl; and an estimated inferred Sylvinite mineral resource of 90.8 million tonnes grading 27.8% KCl, In addition, the Danakhil Project hosts estimated measured and indicated Kainitite mineral resources of 1,150.5 million tonnes at 19.4% KCl, an estimated inferred Kainitite mineral resource of 481.8 million tonnes of 19.8%KCl; estimated measured and indicated Upper Carnallitite mineral resources of 411.3 million tonnes grading 17.3% KCl, estimated inferred Upper Carnallitite mineral resources of 175.5 million tonnes of 16.5% KCl; estimated measured and indicated Lower Carnallitite mineral resources of 557.2 million tonnes of 9.2%KCl, and estimated inferred Lower Carnallitite mineral resources of 369.3 million tonnes grading 7.7% KCl. The foregoing mineral resource estimates are as at April 17, 2013. For more information with respect to the data verification procedures undertaken and the key assumptions, parameters and risks associated with the foregoing estimates, refer to Allana's Technical Report entitled "Resource Update for the Danakhil Potash Deposit, Danakhil Depression, Afar State, Ethiopia" dated effective April 17, 2013 filed under the Company's SEDAR profile at www.sedar.com on August 7, 2013. Allana has approximately 277.7 million shares outstanding. Allana trades on the Toronto Stock Exchange under the symbol "AAA".
Dr. Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is the Company's designated Qualified Person and has reviewed and approved the technical information presented in this release.
Forward-Looking Statement
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.
CONTACT INFORMATION:
Allana Potash Corp.
Richard Kelertas
Senior Vice President, Corporate Development
514 717 6256
rkelertas@allanapotash.com
we all need to keep in mind this is a Canadian company listed and reporting in the US. operations are in China, its not a Chinese company
hmmmmm, all southern states...big shock
Agreed... the price will catch up with the value here and it will be many many multiples of where the real value is now...they have enough product to do over 1 million tonnes per year...
WOW...that is huge, should have a significant impact on our value estimates
I find it interesting that we will in production in a couple of months... 4th quarter 2013!!!!!!1
very nice! i would also like to make more money though...lol
i think we will see some significant events shortly... i have been adding in recent weeks
fantastic news today! AAA!!!
big news out
up 44% and no one is talking? maybe ned goodman soaked up all the shares already?
looking explosive
Goodman is back on the board... he left earlier in the year do to financing issues being a conflict of interest. i expect that that issue has been resolved or he would not be back on the board
!!! nice! looks like we are in full go mode now... money needed is in and Goodman is back on the board...
fantastic news!!!
that line got old a long time ago...you can quit anytime now... start attaching screen shots of sales or they didn't happen
i think we have already seen the bottom... there is almost zero correlation between Allana's value and its current stock price, it should already be many multiples higher. the market will not stay ignorant forever on Allana. i expect huge financing news soon, i for one would not want to be out
ALLANA POTASH CEO, FARHAD ABASOV TO APPEAR ON BNN TV
Toronto, Ontario, August 19, 2013 -- Allana Potash Corp. (TSX:AAA) (OTCQX:ALLRF) ("Allana" or the "Company") today announced that Farhad Abasov, CEO, will appear on Business News Network on Tuesday, August 20, 2013.
Mr. Abasov will be a guest on BNN's Commodities program. The segment will air live at 11:50 a.m. ET and Allana will send out the archived video clip.
Visit the BNN website at www.bnn.ca
looking great... when dundee comes through with financing you can bet this will be fast tracked into world's largest tungsten mine!
Israel Chemicals considering potash mine in Ethiopia
Site is cheaper on balance than other places worldwide, closer to company’s main markets.
By Yoram Gabison - Aug. 12, 2013
Israel Chemicals has been in talks recently with a Canadian listed company Allana Potash about opening a potash mine in Ethiopia.
Allana Potash CEO Farhad Abasov met with ICL senior management in Tel Aviv three weeks ago to seek ICL’s participation in the construction of a mine at the Dallol site in Ethiopia’s Danakhil Valley, located in the country’s northeast.
Allana has already raised $85 million from investors to build the mine, which is expected to yield a million tons of potash annually. The mine site has 182 million tons of proven potash reserves and potential reserves as high as 438 million tons. The mining project will be based on technology in which ICL has particular expertise from its Dead Sea Works, pumping and evaporating brine to extract potash.
ICL commented it regularly examines opportunities for international projects and was seeking to expand its current potash production capacity. However, it cautioned that recent circumstances in the potash market were making new mining projects challenging.
Allana estimates that investment in the mine will reach $642 million, a figure which includes both the mining operation and building the transportation infrastructure to carry the potash from Dankil to the Indian Ocean port of Tadjoura, located in next-door Djibouti. The production costs including haulage to port, are expected to reach $98 per ton, with annual maintenance costs of $26 per ton. (These costs compare with averaging mining costs of $100-$150 million per ton.)
Acquiring either full or partial ownership of the mine in Ethiopia would present several advantages to ICL, which is looking to expand its production capacity in core areas such as potash. The company will be required to return its Dead Sea potash concession to the state in 2030, which will leave the company scrambling to find a replacement for 4 million tons of production capacity for a mineral that provided 63% of its operating profit in 2012.
ICL already holds a 640 square kilometer potash mining concession in Spain’s Catalan region. Currently, the company exploits only 64 square kilometers of that concession, but estimates that the site has reserves that would support production of up to 10 million tons of potash per year. However, Ethiopia is closer to two key markets for ICL, China and India. Moreover, the demand for potash in the local African market, which is currently 1 million tons per year, is expected to reach between 5 million and 7 million tons per year by 2020.
The Dallol project has already completed the prospecting stage and pilot production. It also completed a series of operational tests conducted in February 2013 to determine the cost of establishing and operating the mine and to receive the approval of Ethiopia’s environmental ministry. Allana has submitted a formal request to the Ethiopian authorities for a mining permit.
The Ethiopian government has also paved most of the highway leading from the Dallol site to the port in Tadjoura, which although belonging to Djibouti, serves as Ethiopia’s main Indian Ocean port.
Israel Chemicals considering potash mine in Ethiopia
Site is cheaper on balance than other places worldwide, closer to company’s main markets.
By Yoram Gabison | 14:51 12.08.13 | 0
Text size
Comments (0)
THIS STORY IS BY
Yoram Gabison
RELATED TAGS
Israel business news
Israel Chemicals has been in talks recently with a Canadian listed company Allana Potash about opening a potash mine in Ethiopia.
The full text is available for subscribers & registered users.
Click here to subscribe ($1 for the first 4 weeks)
register (free access for 10 stories a month) or login
http://www.haaretz.com/business/.premium-1.541051
thanks for posting those, a very good read
not to mention that allana will be the lowest cost operator in the world putting us in a great position
just means they were sold at the bid rather than the ask...
Yes
yeah, someone may get impatient, but not at .03... i think we are a very short time away from seeing this really take off...