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But you knew when you bought in that you would be holding. I don't know when you made your first investment, but the timeline has always been available. As a Canadian junior, the Street wants to see all things in place first...maybe even production and some income before they all jump aboard.
It's a game of Show Me The Money.
That was me yesterday. Today I actually have to do some work.
Any target price on CF "buy?"
Sold some (1/3rd) of my Apple to buy some more Allana. Price too low to resist. Now I have more balanced long term plays.
You just have to hope the can maintain the dividend that long. I think when (eventually) 2 year Treasuries get to 2%, the party may be over.
I would think they would just take over Ethiopian Potash as it would be cheaper.
While an MOU doesn't have any legal weight, I'm happy that it has a year 3 trigger. You want our stuff, you let us mine our stuff.
I need to sit on a Broad and get these kind of options. I always wanted to be a millionaire.
Well, since folks are just posting their views I don't see the need for a formal survey (unless others want it). But I suppose I should give my opinion.
As my goals are long term since all of my Allana holdings are in IRAs and 401ks, I would prefer production for a higher SP ($10), but I would be okay with a buyout in the $7 range.
But being over a buck and holding for a few months in a few months would be nice.
To the moderators: Does iHub allow surveys to be conducted on the boards? I'm just wondering the percentage here who are looking for a buyout versus going into production. A secondary survey would be the buyout price range.
It took two days, but I finally got filled.
I have my answer. The ask was cancelled and replaced with a much higher ask (from 58 to 59.7). It just took a while to unwind the ask.
I've been burned on market orders for ALLRF in the past. Getting filled for 100 or 200 shares instead of what I want, then having to pay the commission on top of that which significantly increases the price.
For the record, I never place market orders unless there is significant volume and constant trading, like BAC.
Just thought I might find an answer here. My speakerphone is still playing hold music.
Problems buying?
I've got an even lot order in (as All or None) at Fidelity for the ask price (which is not an All or None and the number of shares at 14,000 exceeds my order) for ALLRF. It's been siting for about an hour.
The only thing I can think of is that someone has a bid at the same price, for more than the ask number of shares at that price and that is what has locked me out.
Does this make sense? I would call Fidelity, but I'm not thrilled about being on hold for an extended period of time.
Anyone have an insight?
And boom goes the dynamite. I'm done and licking my wounds. I just don't think the re-org will give anything substantial to make up for my 95% loss.
Ethiopian Potash Corp.: Filing of 2012 Annual Financial Statements
Ethiopian Potash Enters Into Memorandum of Understanding Regarding Early Exercise of Option, A US$10 Million Investment and A Joint Venture on Danakil Property
Then I think I need a disclaimer has to how many shares you need to be holding. The math on 100,000 shares is too easy. Let's say 81,500 (SP 12.27). That leaves 5 bucks for the sell commission (and should you REALLY be paying commission if you have a million in your account?
Why? Are you afraid that one afternoon you'll check your portfolio and see that you're a millionaire?
If you have the conviction, why would you wait for a SP increase before buying more?
I do not know. I only have FED shares.
Not if it's in a Roth IRA. Happy, happy, joy, joy.
For those who have privately emailed me regarding FED, I have heard nothing, but the stock still trades, so someone somewhere is buying it.
Note that I have a free membership and cannot reply to private messages.
While I think your numbers are accurate, the real question is at what price would the majority of shareholders approve a takeout for a quicker ROI?
I have no trouble waiting for production, but others are hopeful of a takeout.
WSJ Article: Cause for Concern?
Article in today's WSJ: "Weak Demand Turns Tables on Potash Firms"
Not a very good short term outlook, although Potash's CEO tries to spin for the long term.
Weak Demand Turns Tables on Potash Firms
From Adam Chambers who handles Investor Relations:
"I'm told the license will be renewed this week, the company is still reviewing options in regards to a partner."
From Adam Chambers who handles Investor Relations:
"I'm told the license will be renewed this week, the company is still reviewing options in regards to a partner."
I've emailed IR with no reply. There's no updates on their website except for auto-feeds. What I can't remember is if they own the land or have a long term lease or what. Anyone remember?
Finally got filled. After placing a day order and letting it sit for a few days (re-using each day), I finally decided to give in and play the bid low/bid higher game and finally got filled today at the same price I had bid earlier in the week.
Well, for year's end... OK.
With the amount of land available, I think we might be taken out.
Then they should have filed suit as there are assets.
If they take stock instead of cash, that means value, which is OK by me.
If they take stock instead of cash, that means that there's value, and I'm OK with that.
Not until the stock is listed on the NASDAQ or NYSE.
Find out who AAA's clearing agent is. They clearing agent was able to help me with a similar issue with one of my other stocks.
What does your broker say?
Four Cent Spread.
I love it when AAA goes up (0.57 +0.02) while ALLRF goes down (0.53 -0.03). Silly markets.
At least there's still value and a future.
There's also this to consider:
Ethiopia’s government levies a 30 percent tax on mining revenues, collects royalties of 4 percent and takes a 5 percent stake in the operations for which it does not pay, Kelertas said. Allana will not pay income tax until a minimum of five years after it begins sales, he said.
Thanks for doing the math. I was so out of it this morning that It took me a while just to get the yearly metric tonnage.
If my math is right, using a 24/7 operation at 350 days per year, it comes to shipping by truck (two tandem trailers at two-four trucks an hour) to
1.3 million to 2.7 million metric tons per year.
Anyone more awake than me remember the cost per metric ton and/or a reasonable net profit per metric ton?
And then the potential earnings per share (based on current float)?