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Absolutely agree.
Keep in mind that it's 50 cents Canadian. At today's exchange rate, that's 40 cents US.
I think Liberty's average is above 50,although they get shares.
Some long time holders are still going to take a haircut.
At least it's higher than my average.
The institutional investors like Liberty won't. They need to hold for a profit. I think they are in at 50 cents or 75 cents.
Oh, joy:
The Majority Stockholder beneficially owns 32,981,672 shares of Common Stock and one share of Preferred Stock, which collectively have approximately 66.6% of the voting power with respect to the approval by stockholders of an amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of Common Stock from three hundred million (300,000,000) to six hundred million (600,000,000) (the “Authorized Increase”).
If you don't mind answering, what is your average share price as well as the highest share price you have paid?
I don't think the big institutional investors like Liberty and the world bank would accept less than $1.50 at this point, keeping in mind they invest for long term returns. Same price for individual investors that have been in for years.
That's not the issue. Who owns the mine at the time is the issue.
Agree completely.
Considering my avg price is 91.6 cents, I would take a dollar AND shares in a SOP operation. I doubt Liberty would even take that.
But the company doesn't sell at spot.
Share consolidation (reverse split) wouldn't be bad IF it meant a NY listing and SP above $5 (1:18ish) for institution investors.
Some numbers from Fortune's April 28 issue:
China is building 29 reactors.
40 percent of worldwide build.
So ww build is 72.
And will continue to until we're in production.
And why was this a surprise? What did you expect from a company in Allana's position as it moves towards production?
My break even is 2.30. Maybe some day.
At one point today, I was only down 50% on my holdings. Yippee?
Analysis: China needs Western help for nuclear export ambitions
Tue, Dec 17 01:09 AM EST
http://mobile.reuters.com/article/idUSBRE9BG06B20131217?feedType=RSS&irpc=932
By David Stanway
BEIJING (Reuters) - China's investment in Britain's 16 billion pound Hinkley Point project is its first foray into Europe's nuclear power market and a marker of its global ambitions, but its firms will depend on foreign partners if they are to fulfill them.
China General Nuclear Power Group (CGN) and China National Nuclear Corporation (CNNC) plan to take a combined 30-40 percent stake in a consortium led by French utility EDF to build French-designed EPR reactors in southwest England.
China has the world's largest nuclear building program at home and hopes to leverage this into a nuclear export industry.
While China has already built reactors for its ally Pakistan, Hinkley Point is its first nuclear project in a developed country, and Beijing hopes the UK credentials will help promote its two nuclear giants on the global stage.
But industry analysts say gaps in the Chinese supply chain, fears of political interference and inexperience in the economics of nuclear power mean the firms will struggle to go it alone.
"They are very ambitious, but whether they will be welcomed overseas is another question," said Li Ning, a nuclear power specialist and dean of the School of Energy Research at China's Xiamen University.
In Britain, for example, political discussions behind closed doors about Chinese nuclear involvement concluded the public would not accept Chinese companies owning majority stakes in new plants and that initial participation should be capped at 49 percent, a source familiar with the discussions said.
China's massive domestic nuclear new-build program is one of the few bright spots in the global nuclear industry following the 2011 Fukushima disaster, which prompted several countries including Japan, Germany, Switzerland, Italy and Belgium to close or phase out their nuclear programs.
After a post-Fukushima suspension lasting a year and a half, Beijing restarted its program late in 2012 and aims to bring capacity up from 12.57 gigawatts now to 58 GW by the end of 2020. Nearly 30 GW of new capacity is under construction in China, more than 40 percent of the world's total new-build.
"CLUELESS ON PROFIT"
China's regulators have long encouraged nuclear firms to build an entire industrial chain with global reach.
After Fukushima, "history has given China an opportunity to overtake the world's nuclear energy and nuclear technology powers", Zhang Guobao, China's former top energy official and a tireless advocate of nuclear energy, told a September meeting of nuclear scientists, according to state media.
China plans to bid for projects in Argentina and Turkey.
But its domestic experience won't necessarily translate well overseas, said Arnaud Lefevre, head of French nuclear consultancy Dynatom International, which has been involved in the nuclear business in China.
"All the business of nuclear power plants in China is controlled by state-owned enterprises which are set up to produce power plants, not profits," he said.
"They have no clue about international business. They have absolutely no clue how to make profit in nuclear," he added.
Li of Xiamen University said the firms would struggle to find any immediate economic rationale for their involvement in Hinkley Point, but they would look at it as a marketing tool.
"It is the first mature nuclear market for China to work in, and it could help in other regions," he said.
FRENCH, U.S. PARTNERS
CNNC and CGN will both be involved in Hinkley Point, but getting the two sides to collaborate has proved difficult. Recent government efforts to get them to join forces on a single Chinese reactor design have so far been fruitless.
"The government intentionally put them in competition for markets, so obviously there will be a certain amount of hostility between the two sides," said Li, adding that on international markets this might put China at a disadvantage.
CGN, a southern Chinese utility, this year changed its name from China Guangdong Nuclear to China General Nuclear as part of its push to reach beyond its home region. As an operator of nuclear plants, it has modeled itself on EDF.
CNNC is the bigger player, carved out of the old nuclear ministry and backed by Beijing. It retains strong government and military links and has aspirations to design, manufacture and build nuclear reactors across the world.
Both collaborate with Western firms on fuel supply and know-how, and their own-brand reactors are based on foreign designs.
CGN is the longtime partner of EDF, which is helping it build two Areva-designed EPR reactors in southern China, and specialists were surprised to see CNNC pop up as a partner in Hinkley Point.
CNNC has teamed up with U.S.-based Westinghouse, owned by Japan's Toshiba, which will see the world's first AP1000 reactor model go into operation in China next year.
China signed an agreement with Westinghouse to localize key technologies from the U.S.-based firm's AP1000 reactor design, which will form the core of China's "localized" ACP1000 reactor, expected to make its overseas debut in Pakistan.
For other projects Chinese firms will depend on foreign partners to ensure supply chains meet standards in developed markets.
Even if they succeed in winning bids for new reactors, China's firms might struggle to secure supplies of nuclear fuel. While CNNC has its own supplies and processing capacity, CGN will still have to collaborate with the French.
"Everybody sells nuclear power plants with 20 years of fuel included in the contract," said Lefevre. "CGN cannot do this."
Li said all this meant that China was unlikely to risk going it alone in the foreseeable future.
"You may vie for the leadership of a consortium, but in the end, to get it completed, you need the supply chain of a global consortium," he said.
(Additional reporting by Karolin Schaps in London; Editing by Geert De Clercq and Will Waterman)
20s may be gone on AAA, but they are not on ALLRF.
Depends on the price being accepted.
I wonder what the goal of Liberty Mining is: A quick return through a buyout or a constant revenue stream for many years? Based on Liberty Insurance being a mutual company, I would think the latter, but what do I know?
If there's a buyout offer, what price would you consider? Of course, all the Board members' shares combined won't really matter when it comes to a shareholder vote. So let me rephrase: What is the lowest buyout price would you be happy with?
For me, based on my average price of 93 cents, I would be OK (not thrilled) with $3.50.
Based on this, what is the fair market share price based on outstanding shares, warrants, and the like?
It is difficult to evaluate the project but it is based on the cash flow model that is generated for the feasibility study. The project is valued at 1.2 billion dollars – that is the net worth value of the project. That is the amount of revenue that will be generated over the project, value-taking all the things like exchange rate variation etc. We value our project to be between 1.2 to 1.3 billion dollars. That is the result that came out of the feasibility study.
Going Concern Issues
UR-Energy Is Living On Plastic
I remember Farhad stating some per share figure should there be a buyout. Anyone remember what that was? I would rather see production, but I have a 5+ year timeframe.
Ethiopian Potash does (or did), but I don't know their status.
$300 may not affect AAA's ability to produce, but it sure has affected the share price.
Actually at break even with Google now. I hate it went the market has unrealistic expectations.
Allana Potash: A Path To Multiples On Your Money (Seeking Alpha)
http://seekingalpha.com/article/1545672-allana-potash-a-path-to-multiples-on-your-money?source=email_rt_article_readmore
It's a free site. They make money by showing ads, so click the link and don't just copy and paste.
Is that the floor rumbling...or the ceiling?
Potash Mining & HDTV
Seems Ethiopia not only wants potash mining, but they want their HDTV too...
Grass Valley Delivers Ethiopia's First Ever HDTV Experience
-Full turnkey solution to deliver first HD services in Ethiopia
-Grass Valley deployment includes LDK cameras, multichannel control system, video production switcher, and routers
-Project is key part of Ethiopian media landscape
San Francisco, Calif., June 12, 2013—Grass Valley® today announced that Ethiopian government-owned Amhara TV has selected Grass Valley to provide several solutions to build Ethiopia's first HD terrestrial TV broadcast station. Grass Valley solutions will be used to outfit two HD studios and a master control room (MCR). Amhara TV is an important part of the developing media landscape in Ethiopia, and will be available both terrestrially and via the Nilesat free-to-air satellite service.
"This project with Grass Valley holds real importance for Ethiopia because it will offer our 50 million television viewers their first ever HD experience. With this in mind, it was crucial for us to select a partner we could trust and that could offer us the best HD solutions," said Leykun Mekonnen, Vice General Manager and Media Technology Head, Amhara TV. "Grass Valley's reputation precedes it as a provider of high quality, flexible, and cost-efficient solutions which enable broadcasters to give their customers premium services."
Amhara TV selected six HD LDK 3000+ cameras for their flexibility and high picture quality, and a Kayak™ HD video production switcher for its advanced HD capabilities. The master control room will be based around a Grass Valley Maestro™ SD/HD branding and master control system for multichannel control. At the heart of the HD infrastructure will be a Concerto™ Series routing switcher with Prelude™ router control. A GeckoFlex™ Signal Processing System will provide the necessary modular platform for signal control, complete with an integrated browser-based control system.
While the majority of Ethiopia's television viewers use standard definition televisions, they will be able to benefit from the oversampling of HD-to-SD down conversion for improved picture quality over SD-originated programming.
"Africa is a key area of growth for Grass Valley and it's exciting to see our solutions being used by customers like Amhara TV to deliver new and better quality services to viewers in the region," said Said Bacho, Regional Vice President EMEA at Grass Valley. "As broadcasters continue to look for ways to maximize efficiencies without compromising on quality, Grass Valley is uniquely positioned to offer its customers turnkey solutions that meet their requirements and offer integrated flexibility so that business models can be successfully built around them."
With the assistance of local partners, Grass Valley is providing Amhara TV full systems integration service, training, project management, and ongoing consultation to ensure a successful implementation.
Maybe what we need is another mailer, so we can get out?
Looking to certify a class. Maybe they should first learn how mREITS work. That if you don't increase the number of shares, they can't buy any new securities.
Oh well, someone will sign up...but AGNC better not settle. PERIOD>
US Market Eats Canadian Gains.
Well, that was fun for a day. Then the US comes back to work and gains pretty much erased.
Allana...kinda like the Apple of Potash.
How AAA Might Fund Construction
One of my other holdings just did an interesting deal to fund uranium mining construction, without dilution to shareholders:
Ur-Energy Raises Funds for Ongoing Lost Creek Construction
Littleton, Colorado (PR Newswire – March 25, 2013) Ur-Energy Inc. (TSX:URE, NYSE MKT:URG) (“Ur-Energy” or the “Company”) is pleased to announce the closing of a uranium sales transaction that provides an immediate payment to the Company of approximately US$5.1 million. Proceeds from the transaction will support the ongoing construction at the Company’s flagship Lost Creek Project.
Ur-Energy, with the cooperation of one its utility customers, assigned a portion of its contractual delivery obligations to Traxys, a large uranium and natural resource trading company, in exchange for a current cash payment. Ur-Energy has retained additional future delivery obligations under this and other previously announced uranium sales agreements.
Ur-Energy President and CEO Wayne Heili commented, “The Company is pleased to have the assistance and support of our counter-parties in this transaction. The transaction, which might best be understood as a sale of contractual future product deliveries, has allowed the Company to raise funds without dilution to our shareholder’s interests or repayment obligations. The cash infusion will help Ur-Energy in maintaining a steady construction pace at Lost Creek while we await the finalization of the Wyoming Industrial Revenue Bond approval process.”
The construction efforts at the fully licensed Lost Creek project are continuing on-schedule for initial production this year. Electrical and pipe-fitting work has been initiated within the plant building. Construction of an auxiliary shop building is also underway. Two disposal wells have been installed and developed. The construction of the first mine unit also remains on schedule while the pipeline between the plant and mine unit facilities is being installed. Updated photographs of the progress of construction at Lost Creek are available at our website: www.ur-energy.com.
That makes a big assumption of no dilution through production when cash on hand isn't enough to get there, just to preproduction.
Remember the sticky with the justification for the $50 SP?