I was going to procrastinate, but decided to put it off.
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.
With the state of the markets and other junior potash companies I am tracking, I have a feeling even the BFS will do little for the stock. If the BFS came out a couple years ago, when things a lot different then, potash was hot. All about timing.
IMO, if someone buys AAA, thats when we will reap the rewards.
Stressed? This may help....
*** Warning *** Sedating Effect - Powerfull Audio / Visual Subliminal Messages
Ever try subliminal messages for health?
UFO ?
Anyone have bad luck with hard drives failing? See:
Thats good to know, but then I don't get a new drive from WD. Its under warranty.
I have data spread over many hard drives.
I am showing 131 views.
Google crashing:
Okay thanks, for some reason I thought it was summer.
If memory serves me correct, I thought the FS was going to be completed summer 2012? Correct me if I am wrong.
Now it's the end of 2012? This *could* be the cause of weakness.
However, the market still sucks for junior mining companies, thats most likely the major factor here. But a delay is the FS won't help either.
The markets sucks, almost all Juniors are getting hit really bad, no mater how good the story.
Looks like they have different but still somewhat similar methods for building railways in China. My guess is they would use that in Ethiopia.
This is high speed, but gives you an idea of their technology:
http://www.chinatraintrip.com/news/Beijing-Shanghai-High-Speed-Railway-under-construction.html
Plain old railway building in China:
http://english.peopledaily.com.cn/zhuanti/Zhuanti_459_3_1.html
China Building Railways Worldwide
Indictment Burger: Animated Short
A twist on an old prank, in the spirit of the 2012 Olympic Games in London:
Prank Call
It's the summer, almost all junior mining stocks get hit, then combine that with a crappy market.
A buyout offer would change that. I hope one comes.
An 86-year-old man went to his doctor for his quarterly check-up...
The doctor asked him how he was feeling, and the 86-year-old said, "Things are great and I've never felt better. I now have a 20 year-old bride who is pregnant with my child. So what do you think about that Doc?"
The doctor considered his question for a minute and then began to tell a story.
"I have an older friend , much like you, who is an avid hunter and never misses a season."
"One day he was setting off to go hunting. In a bit of a hurry , he accidentally picked up his walking cane instead of his gun. As he neared a lake , he came across a very large male beaver sitting at the water's edge. He realized he'd left his gun at home and so he couldn't shoot the magnificent creature."
"Out of habit he raised his cane, aimed it at the animal as if it were his favorite hunting rifle and went 'bang, bang'."
"Miraculously , two shots rang out and the beaver fell over dead. Now, what do you think of that ?" asked the doctor.
The 86-year-old said, "Logic would strongly suggest that somebody else pumped a couple of rounds into that beaver."
The doctor replied , "My point exactly."
It's saying the markets suck right now. They will turn again, but when?
If really good news is released in this poor market, I believe it will be dismissed by investors. Worse case scenario, this could turn out to be a very long term hold, unless a buyout happens, then I will exit.
June 14, 2012
David Pescod's Late Edition ALLANA POTASH (T-AAA) $0.58 -0.02
Weren’t there some well thought of market mavens that were suggesting one of the investing themes for the last while, and for the future as far as that goes, should be agriculture as there are ever-more people in the world to feed and there are many of those people looking to upgrade their diets.
That was the theory. Fertilizer stocks once upon a time were creating a lot of interest. One story that did get a lot of mentions by those folks with hope for potash, was Allana Potash which today filed its National Instrument Compliant Technical Report which was dated back on April 30, 2012.
The Danakhil potash deposit is actually located in the Afar State, ETHIOPIA, and it looks like they’ve got a whole bunch of potash...they suggest total measured and indicated mineral resources of 1.297 Billion tonnes from all four potash horizons with an average grade of 19.3% KC1 for a total of 251 Million tonnes.
They also suggest an additional inferred mineral resource of 588.2 Million tonnes from all four potash horizons with an average grade of 18.6% KC1 for a total of 109 Million tonnes of contained KC1.
These are some pretty big resources, but this is not the story. The story with Allana and so many other mining stories these days is the sad state of the resource sector and in particular, mining ventures. In the last three to four months, the resource sector has been virtually seized with the ability to finance almost none existent unless you’ve had an absolutely unbelievable story.
The story is the chart on Allana...and so many other resource stocks these days. Allana is now yours on a four-forone sale from its high.
--- From Stockhouse.
Family Heirloom
In 2008 everything got whacked, no matter how good the story. It was a panic sell off. That why I hope the markets improve when the BFS is released.
Agree, Greece and Spain could take the markets down hard, and I believe that would affect all of us. We are in a weak time here for juniors as well, summer is slow. Unless AAA has some major news, I believe we will down trend at least until the BFS is released, hopefully in a good market.
Thank you!!!!!!!!!!!
Does anyone here know the name of the song at 2:00 into this video?
The whole junior market is getting pounded, no matter how good the story of a particular stock. Will we see a 2008 scenario again? I hope not cause these losses right now will get worse.
AAA is not selling product, long ways to go yet, that has no impact on the stock or company.
I am not trading AAA anymore, last time I traded it was last year. Holding now.
Hope not a private placement, and dilute the stock. On another note, Eric Coffin, said this about hard-hit juniors in a recent interview:
Eric Coffin, editor and publisher of the Hard Rock Analyst newsletter, has never heard so much negativity from investors. "Everybody thinks the world is coming to an end," he tells The Gold Report. As a contrarian, all the doom and gloom tells him the market is about to pull out of its tailspin.
For those that don't know of him, Coffin has had write ups on potash.
When I said core position, this is what I mean. Say you bought 10,000 shares at .40 cents when AAA was that low. Then you bought another 20,000 shares as your traders. You never touch your core position of 10,000. But you trade your 20,000 share position, this way if you are out and the stock takes off, you still have a core position of 10,000 and if you sold your traders, you can still buy them back if you wanted too.
I know people who trade this way and if you are good a timing the market, you can end up paying for your core position with your traders profits, and some even make more than the cost of their core position, which lowered you risk to zero, if you decide not to trade your traders anymore and buy something else with them.
This will not work for everyone, but is a good idea, in my opinion.
I don't have a crystal ball, but the junior markets start to get weak this time of year, and if there is no news for a while I believe the stock will trend down, most do. There are always stocks that buck the trend, but they are few.
Tomorrow, that would be fine with me.
Thats why when you have a core position you are never out. If your traders miss, you can still buy the rally, of you feel it's going higher.
My bet it trends down in the coming days and weeks, this was a good run for traders, also coming into a slow time for mining stocks (Sell in May and go away) , plus lack of news generally is not good for the price. I don't think a buy out offer will happen until the BFS is released. I am hoping for a buyout.
If there is no more news for a while, it could pull back farther, especially with the BFS so far out yet, also sell in May effect could put pressure on it.
Short positions according to Stockwatch.com, there was 4,795,997 Jan 31 2012, Feb 15 2012 that dropped to 196,472 as of April 15 2012 there was only 190,000. New position should be out next week.
Potash stocks were in a bubble, it burst, have a look at the junior mining sector in potash in early 2011. Look at charts of potash stocks from back in 1 st quarter 2011, they all went nuts. Now the market sucks, but not just potash, almost all mining plays.
The sun will shine again. I still am of the opinion that the only thing that will get this stock to lift off is a buy out. I don't believe they will take it to production. That's just my opinion.
I think you are confused, this has been my position on this stock:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74141243
Did you see this part?
Any big news may pop the price, but I think it sill sell of afterwards.
That's why you have a core position in AAA, you don't trade it. Then you get a bunch of traders and take advantage of the ups and downs with that stock. People I know who trade/invest this way usually their core position is free or close too it. You have to take advantage of the ups and downs with your traders.
AAA was an awesome trader this time last year.
If I was buying in the 50 cent range, after this release, if it pops, I would sell my traders. Betting it will come back down again, after the excitement dies down and lack of news. The junior market still sucks big time. Thats what I would do. Others will have to make up their own mind.
Some people have traded this stock so much, they are holding free shares.