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that's not pr worthy?!?
tea leaves?
I don't get it... it's your opinion he was fired from continental??
you state it as a fact then say it's your opinion
what do you base this opinion on?? just curious
it doesn't seem like anything has changed w the company
i'd like to see an update and/or pics of the onsite processing plant
looks like BC didn't like the way they worded some reports from 2 years ago.. not too big a deal.. BC is known for this
however, i would like some clarification/ explanation on this regarding expanding the concession:
'The application for the concession of Tanjiachang Village Phosphate Deposit area has not been submitted since Hunan provincial government has stopped accepting applications for exploration or mining permits. '
is this typical? how long does it last?
lolz.. I think you're on the wrong board.. no shafts to be sunk at this project
nice link.. a real research machine
"The securing of our license was a pre-condition to financing, so this phase is now proceeding well”
"As the infrastructure is being built, the sheer size and location of the potash deposit has led to a number of parties expressing interest in off-take agreements."
Allana CEO Farhad Abasov: Ethiopian Opportunity
http://business.financialpost.com/2013/11/06/allana-ceo-farhad-abasov-ethiopian-opportunity/
A constant 40 degrees Celsius, 120 meters below sea level; Allana Potash’s (T.AAA) Ethiopian project is a study in extremes. On October 9th the company announced that it had received its Mining Licence from the Ethiopian Ministry of Mines. As Farhad Abasov, Allana’s CEO explained from London, “this opens the door to construction”.
With a measured and indicated potash resource of 2,446 million tons, Allana’s prospects are deeply attractive. And with the grant of the licence, Allana can get on with the task of planning, financing and building its mine.
At the same time, Allana is expanding its resource with the October 28, 2013 announcement of drill results from its Nova license adjacent to the Allana property. Drill results indicate the extension of Sylvinite and Kainitite mineralization south and west of the original Allana license.
“We’re a small company” said Abasov, “We are currently in our financing and pre-construction phases. After our financing (debt and equity) is complete, we have approximately 18-24 months to put our team together and then build and start up our solution mine. The securing of our license was a pre-condition to financing, so this phase is now proceeding well”
It is a daunting project with significant infrastructure issues, “Five years ago there were no roads. But now the Government of Ethiopia has built access roads from scratch and there is work on the 500 kilometre road to the port at Djibouti.” said Abasov.
As the infrastructure is being built, the sheer size and location of the potash deposit has led to a number of parties expressing interest in off-take agreements. And Abasov is quick to point out that Allana has enjoyed “Strong support from our shareholders and our lenders.”
The Danakil Depression in Ethiopia’s northeast is, as Abasov puts it, “Not a great place to live but a great place to mine. There is almost no population and virtually no flora or fauna.”
The major technical risk was whether there would be sufficient water for the proposed solution mining, solar evaporation cycle Allana plans to use to extract the potash. “We drilled over twenty wells all of which had water. We also undertook a full hydrological study. We knew there were aquifers but the question was how big.”
Big enough it appears. The hydrologists identified four large aquifers with a total capacity of 160 million cubic meters and an annual recharge rate of 35-50 million cubic meters.
“At full production Allana will need roughly 20 million cubic meters annually.” said Abasov. Which means that the water resource should be more than sufficient.
With solution mining and solar evaporation, power requirements for the project are minimal. However the Ethiopian national power grid is 124 kilometers away so Allana has had to look at alternatives. “We’ve looked at various power options,” said Abasov “A combination of solar and fuel oil may not be cheaper but it is better for the CAPEX. And we can start immediately.”
With the Mining License in place, the path to production looks to be about 2 years. On October 17, Allana provided an update on its progress which outlined the progress to date and provided a roadmap for the next steps.
What the press releases do not discuss is the unique positioning of Allana’s Ethiopian deposit. With the world’s potash markets in some turmoil, having a few years to come into production is not such a bad thing. However, discussing the potash market with Abasov, another major factor comes to the fore.
Africa is at the beginning of an agricultural revolution. A revolution which is seeing modern farming methods brought to bear on millions of acres of land. At the moment, potash use in Africa is a tiny fraction of its use in more modern farming economies. Abasov is quick to point out that, in the world potash market, Africa barely matters. A fact which will change and change quickly.
One of the critical features of Allana’s Ethiopian project is that Allana is well on the way to securing a facilities agreement with Djibouti Ports. Combined with other required infrastructure, this will give Allana a potash terminal on the east coast of Africa relatively close to India, China and, of course the growing farm economies of Africa itself.
Allana, on July 31, 2013 had over 15 million dollars in cash and at time of writing the shares are trading at $0.38 for a market capitalization of 103 million dollars.
ouch! wouldn't want that open right now
i like that ratio! we have to be close to some financing related announcements. i agree that working with ICL makes a lot of sense & those ICL/Allana news nuggets likely have some sort of basis.
nice close!
when the PPS is way north of here he'll be smiling all the way to the bank.. right now it's an option set at 38¢
options are a great motivational tool
idk.. but i def think you should try!
is that the bottom of your apparently unending barrel? ha!
there are a lot of different ways this can play out
I don't really buy into the Diana Walters paranoia but that's a nice map link you posted.. thanks!
13¢ again.. woo-hoo!!
what do ya say we go for 20? (to start)
nice post! that makes a lot of sense
100K NITE bid showing.. more interested buyers
Looks like she just joined the board of Platinum Group Metals Ltd.
She's also a director at: Celeste Mining Corp. & Sunshine Silver Mines Corporation on top of being CEO of LM&M
Maybe she was a little overextended..
http://online.wsj.com/article/PR-CO-20130716-909600.html?mod=crnews
could be any number of reasons.. LM&M still holds their place on the board and i imagine they will appoint someone soon.. i would be interested in knowing what happened though
thanks for the update!
references to the processing plant from the last 10Q
yeah, there are still some decent buyers out there
just not as rushed as the last one
news: ALLANA POTASH CORP : Allana Potash Provides Project Update And Announces Board Change
http://www.marketwired.com/press-release/allana-potash-provides-project-update-and-announces-board-change-tsx-aaa-1842020.htm
Toronto, Ontario, October 17, 2013 -- Allana Potash Corp. (TSX: AAA) (OTCQX: ALLRF) ("Allana" or the "Company") reports further progress on its key initiatives and provides notice of a change to its board of directors.
Contracting & Infrastructure
The Company is proceeding with the EPCM selection process with a number of very strong engineering firms participating and having visited the project site in September. In reviewing proposals, management's goal is to choose a company that can deliver on engineering and construction objectives in the most efficient manner. Management is also continuing to work to strengthen Allana's technical and project execution expertise.
Drafting is proceeding on the Company's Tadjoura potash terminal definitive lease and services agreement with Djibouti Ports and for completion of the Danakhil road connector segment with the Ethiopian authorities. Required infrastructure is in place, under construction or contracted (roads, port, power) and is expected to be completed in time to meet Allana's project plans.
Regulatory Approvals
Further to the grant of Allana's Large-Scale Mining Licence by the Ethiopian government on October 8, 2013 and following extensive financial, economic, social, health, safety and environmental review, including the approval in May 2013 of the Project's Environmental, Social and Health Impact Assessment (ESHIA) (see news release of October 9, 2013), Allana now has the required regulatory approvals to complete the development phase of the Danakhil Project and move directly to contracting, construction and operations.
Debt Financing Process
The Company and its group of lenders -- large Development Financing Institutions (DFIs) and Export Credit Agencies (ECAs) -- continue to work on advancing various technical and legal aspects of the entire process within the overall lenders' due diligence work program.
Offtake and Strategic Partnership Talks
The Company continues to advance talks on both offtake and strategic equity investment with a number of large fertilizer companies. With continued short-term uncertainty in the potash markets, interest in Allana's low-cost potash project remains strong and management is working with various potential partners with a view to maximizing value for shareholders.
Board Change
Diana Walters is stepping down as the representative of Liberty Metals & Mining Holdings, LLC ("LMM") from Allana's Board of Directors. Under the terms of LMM's existing investor rights agreement with Allana, LMM continues to have the right to designate one nominee for appointment or election to the board. Allana wishes to acknowledge the significant support provided to the Company by Ms. Walters and LMM since LMM's initial investment. Farhad Abasov, Allana's President and CEO commented, "We greatly appreciate the advice and guidance Diana has provided us in the last several years and wish her our best with LMM."
really think these guys are gonna be a big part of Allanas future.. not sure about the 600M but it wouldn't bother me one bit
cool.. lookin forward to it
those numbers are also based on 1M tpy.. i think there's a good chance we will see production ramped up if they are successful with the initial 1M tonnes/year (and they're not bought out)
I'm sure the 2nd & 3rd million tonnes are a lot more profitable than the first.
canadian thanksgiving eh
ha.. that's what I thought you meant
did you send an anonymous email? he knows who you are.. being decent once doesn't erase all the crap you pulled in the past
lmao! you're asking me to show where you've been disrespectful over the years or in just that one email??
When you walk into a supermarket and buy a quart of milk, do you now pay the cashiers salary?
Can you be disrespectful to her and expect her to respond with a smile?
I don't buy into that crap.
ba-hahaha
ha.. that's a bit of a stretch
At 40th anniversary of Pascagoula UFO incident, survivor says it turned his life upside down
http://www.edmontonjournal.com/technology/40th+anniversary+Pascagoula+incident+survivor+says+turned/9025630/story.html
In this Wednesday, Oct. 9, 2013 photo, Calvin Parker, Jr., stands in the area where he and fellow Mississippian Charles Hickson were allegedly abducted by aliens on Oct. 11,1973, on the banks of the Pascagoula River in Pascagoula Miss. The incident made headlines, sparked UFO sightings nationwide and became one of the most widely examined cases on record. (AP Photo/Gerald Herbert)
PASCAGOULA, Miss. - Charles Hickson never regretted the notoriety that came his way after he told authorities he encountered an unidentified flying object and its occupants 40 years ago on the banks of the Pascagoula River. Until his death in 2011, Hickson told his story to anyone who would listen.
But Calvin Parker Jr., the other man present for one of the most high-profile UFO cases in American history, has never come to terms with what he still says was a visit with grey, crab-clawed creatures from somewhere else. He says the encounter on Oct. 11, 1973, turned his life upside down.
"This is something I really didn't want to happen," Parker told The Associated Press as the 40th anniversary of the encounter approached.
Parker was unnerved by initial crush of unwelcome attention, with newsmen and UFO enthusiasts overrunning Walker Shipyard, where he and Hickson worked. He tried to dodge the spotlight for decades, moving frequently before returning to Mississippi's Gulf Coast in recent years.
The incident made headlines, sparked a wave of UFO sightings nationwide and became one of the most widely examined cases on record. Skeptics ranged from the deputies who first interviewed the men to an author who sought to poke holes in the story, and Parker himself has had conflicting thoughts about whether he was visited by aliens or demons.
Parker, now 58, was 18 when he went fishing with Hickson on a tranquil Thursday night after work.
As they dangled their lines without much luck, the two said a UFO with blue lights swooped down. They told of a zipping noise made by the object.
Hickson, then 42, said three creatures with leathery grey skin and crab-like claws — he thought they were robots — took them by the forearms and levitated them aboard the craft. He said something that looked like a large floating eye appeared to examine him.
Parker says he was conscious but paralyzed.
"They gave a thorough, I mean a thorough, examination to me just like any doctor would," he said.
And then they were back on the shore, where it all began. The UFO was gone and Parker said they tried to collect themselves. Hickson needed three shots of liquor from a bottle in his car to calm his nerves before deciding to report what happened.
At the Jackson County Sheriff's Department, deputies initially suspected both men were drunk. Then-Capt. Glenn Ryder, who still works for the sheriff's office, said he laughed at the report, but met with the men. Parker and Hickson stuck to their story.
After the formal interview, deputies left Hickson and Parker together in a room with a hidden tape recorder, hoping to catch them in a lie.
"Me and the other investigator got up and left to let them talk, to see if they were going to say, 'Well, we got them fooled,' but they didn't," Ryder said. "They were really concerned."
On the tape, Hickson tells Parker, "It scared me to death too, son. You can't get over it in a lifetime. Jesus Christ have mercy."
"I don't know what happened to them," Ryder said. "I wasn't there with them, but I know you don't fake fear, and they were fearful. They were fearful."
The next afternoon, the story was splashed across the front pages of newspapers in Pascagoula and Gulfport. Overnight, Pascagoula became a magnet for news reporters and UFO investigators.
Widespread interest in UFOs began in the 1940s with an incident at Roswell N.M., in which UFO enthusiasts believe the government got its hands on a crashed UFO and alien bodies. The government spent decades denying it.
In the 1960s, interest flared anew with a series of reports, including the purported alien abduction of New Hampshire couple Betty and Barney Hill in 1961. The widespread attention to the Pascagoula encounter set off a new round of reports.
In south Mississippi, hundreds of reports overwhelmed authorities in the two weeks after the Hickson-Parker encounter.
There were hoaxes and humour too. A Long Beach, Miss., taxi driver told police a being with pincers tapped on his window, a story he admitted days later was fake.
A Mobile, Ala., television station said it would record a UFO appearance predicted by a psychic between Mobile and nearby Pascagoula. Roughly 1,000 cars converged on the spot, where nothing happened.
An Ocean Springs alderman proposed an ordinance making it illegal to operate a UFO at more than twice the speed of light on U.S. 90, the coast's main drag. Mayor Tom Stennis voted against the ordinance, joking he didn't want to discourage tourism.
UFO skeptic Philip Klass believed Hickson and Parker's report was a hoax. In his book "UFOs Explained," he noted Hickson changed some details of his story and claimed a polygraph operator whose test Hickson passed wasn't up to the task. Parker later passed a lie detector test himself.
Hickson would go on to appear on talk shows, give lectures and interviews, and self-publish a book in 1983 titled "UFO Contact at Pascagoula." He reported three more encounters in 1974, and said the aliens communicated to him that they were peaceful.
"The only thing he wanted to do was let everybody know we were not alone," said Eddie Hickson, his son. "He didn't care if you believed him or not. If you wanted to listen, by gum, he'd tell you."
"He could never understand why he was chosen," the younger Hickson added. "But he never once told me that he wished it had never happened. Never."
Parker said the intrusions by curiosity seekers have become less frequent over the years, but have never really let up. "You don't never have no privacy," he said.
Parker married later in 1973 and eventually took oil industry and out-of-state construction jobs to escape the attention.
"By the time you get somewhere and they figure out who you were, I'd just go," he said. "I'd just go find another job somewhere."
Parker attended some UFO conventions, and was once hypnotized by Budd Hopkins, a noted UFO investigator. He briefly tried to capitalize on his story in 1993 by starting a Louisiana company called UFO Investigations where he and partners would produce television segments on the subject.
Parker moved to Moss Point in 2006 and in 2010 suffered a stroke that limited him physically. He's on disability aid now, but sometimes boats by the site of the encounter when he goes fishing. He said that just recently he met a woman at a gas station who already knew who he was.
"I'm always recognized," he said.
There's no historical marker on the river bank noting the encounter, and stores don't sell UFO souvenirs. But local people remember — though often with skepticism and jokes.
For his part, Parker said he's had conflicting thoughts over the years about that night in 1973. At one point, he wasn't even sure the creatures were aliens. They might have been demons, he said.
"I'm a firm believer in God and where there's good, there's bad," Parker said.
___
Associated Press writer Stacey Plaisance in Pascagoula, Miss., contributed to this story. Jeff Amy reported from Jackson, Miss.
___
i was green for a little while yesterday too.. should of taken a picture of my screen to keep on my desk
lol.. it was almost like the momentum was squashed on purpose
yeah, i don't think it was ihub buying yesterday either...
unless someone around here wants to own up to it
barring a huge selloff today, i'm thinking we get a material announcement shortly. if the company has big news, it's not going to be through the quarterlies.
i'm ready for some fireworks over here!
someone's nipping away at the 13s.. wouldn't mind seeing a nice big test of our 52w high EOD