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.
Finally got filled.
Took a week of sitting and raising bid price by tenths of a cent, but I've finally got filled.
Re: Yara Posts.
wshaw14, I deleted the entire thread...too much wishful thinking n my part.
No news since the April 12 Board Member announcement.
For those sending me private messages, please note that I am not able to reply as I have the basic free InvestorsHub account.
I think they've dropped about as far as they will, give or take a couple of cents. Management is dealing with the issues and I know the proxies have gone out for the annual meeting.
Email from EPC Investor Relations
I sent this yesterday evening:
I know that there's rumors regarding EPC's GB options and financial
health. Is the company going to issue any sort of clarifying statement with regard to either or both? Is the company pitching the Canadian business TV network to go on and clarify?
I'm sure you have skin in this game based on your deals with other clients, and while volume is above average and that there's a buyer for every seller, this is really starting to smell bad.
There's a lot of negative speculation that needs to be cleared up.
This from Adam Chambers this morning:
The last press release pretty much sums up what's going on, we are deep in negotiations with our strategic investor and I expect we'll have a press release with details soon.
We have a number of head hunting firms looking for a new CEO, and we seem to have narrowed the candidates significantly in the last week.
There is no issue with the option at all, the founders of EPC and G&B are getting along well and they've actually agreed to exercise the option early.
There is currently around $500,000 [I assume Canadian] in the bank and the strategic is going to cover us going forward.
The company is going to be in great shape once the above is taken care of, we just need the market to come around.
Let me know if you have any other questions.
No. That's just an assumption. Analysts are allowed to have their opinion, even if wrong. If that opinion is biased, then there has to be a gain by them in order to prove the fact.
Where you advertise and market yourself depends on funds available, previous results, and expected results.
Dundee Securities-Do they own AAA shares?
Just wondering. I thought I read in a post that they do, but I don't see any disclaimers.
Not odd. It's the same reason that companies place image ads in the Wall Street Journal, Barron's, CNBC, and FBN--for exposure and brand recognition.
Why would Chevron, which has a gasoline that cleans your pistons and could advertise that, spend millions (and I mean millions) of dollars on TV and print ads that don't promote any of their products, but just their good company name? Why waste millions of shareholder dollars to do that? Because it brings value to the company through brand image and the potential to get new investors.
AAA is no different. You just think they are because they are smaller and not in production.
It's a shame really, your arguments are getting more transparent every time you post.
Unless AAA wanted more than 20% of FED. Or AAA offers more for the same 20%.
I bet we end up owning FED.
Ethiopian Potash Corp. Treasury and Title
(The following was released on behalf of Ethiopian Potash by its communications firm.)
TREASURY
We believe that Ethiopian Potash has been under pressure based on
misunderstandings most recently aroused by poor research coverage
from a group that had hoped to lead the next financing effort, but
no doubt is nonplussed now by the fact that fees (the main driver of
the investment banking business model) will not be forthcoming.
With regard to our treasury - the company will not dilute current
stockholders at these depressed levels the way that has been
witnessed recently by comparables in the basin.
FED intends to retain its leverage to the Danakil in terms of
tonnage of sylvite per share.
Those selling in anticipation of reloading from an upcoming private
placement will be disappointed to not achieve their desired goal.
EPC is very comfortable with its financial situation, the backing of
KEY founders, and its ability to tap capital markets at the
appropriate time.
TITLE
As per below, title is completely sound, as it always was. Please
note the below extractions from the option agreement, also available
in the initial prospectus filed during the RTO last year at http://www.sedar.com/
EPC entered into an option agreement (the “Option Agreement”) with G
and B Central African Resources (“G&B”) and the shareholders of G&B
on September 7, 2010 (as amended on October 18, 2010, December 1,
2010 and January 18, 2011). Pursuant to the Option Agreement, EPC
was granted an option to acquire all of the issued and outstanding
shares of G&B and thereby indirectly acquire all of G&B’s interest
in the Danakil Potash Permits. To exercise the option granted under
the Option Agreement, EPC must meet certain milestones and make
certain related payments within 10 years of the effective date of
the Option Agreement. The option automatically terminates if not
fully exercised in 10 years. On April 11, 2011, an aggregate of
17,368,726 common shares of EPC were issued in connection with the
satisfaction of the requirements of the First Milestone under the
Option Agreement. In order to meet the Second Milestone, EPC must
complete a feasibility study. The completion of the Second Milestone
will result in the full exercise of the option granted under the
Option Agreement. EPC has 8 years and 10 months to do so, and that
is the only outstanding obligation.
Adam Chambers
416 907 9422
achambers@gmfbcommunications.ca
Ethiopian Potash Corp. Treasury and Title
(The following was released on behalf of Ethiopian Potash by its communications firm.)
TREASURY
We believe that Ethiopian Potash has been under pressure based on
misunderstandings most recently aroused by poor research coverage
from a group that had hoped to lead the next financing effort, but
no doubt is nonplussed now by the fact that fees (the main driver of
the investment banking business model) will not be forthcoming.
With regard to our treasury - the company will not dilute current
stockholders at these depressed levels the way that has been
witnessed recently by comparables in the basin.
FED intends to retain its leverage to the Danakil in terms of
tonnage of sylvite per share.
Those selling in anticipation of reloading from an upcoming private
placement will be disappointed to not achieve their desired goal.
EPC is very comfortable with its financial situation, the backing of
KEY founders, and its ability to tap capital markets at the
appropriate time.
TITLE
As per below, title is completely sound, as it always was. Please
note the below extractions from the option agreement, also available
in the initial prospectus filed during the RTO last year at http://www.sedar.com/
EPC entered into an option agreement (the “Option Agreement”) with G
and B Central African Resources (“G&B”) and the shareholders of G&B
on September 7, 2010 (as amended on October 18, 2010, December 1,
2010 and January 18, 2011). Pursuant to the Option Agreement, EPC
was granted an option to acquire all of the issued and outstanding
shares of G&B and thereby indirectly acquire all of G&B’s interest
in the Danakil Potash Permits. To exercise the option granted under
the Option Agreement, EPC must meet certain milestones and make
certain related payments within 10 years of the effective date of
the Option Agreement. The option automatically terminates if not
fully exercised in 10 years. On April 11, 2011, an aggregate of
17,368,726 common shares of EPC were issued in connection with the
satisfaction of the requirements of the First Milestone under the
Option Agreement. In order to meet the Second Milestone, EPC must
complete a feasibility study. The completion of the Second Milestone
will result in the full exercise of the option granted under the
Option Agreement. EPC has 8 years and 10 months to do so, and that
is the only outstanding obligation.
Adam Chambers
416 907 9422
achambers@gmfbcommunications.ca
That's what all financing is.
300% of what... the current stock price (yuck) or the current valuation (yippie)?
Hope you're right. Just sold something I had a 50% loss of and bought more ALLRF at 0.85.
Ethiopian Potash Receives Additional High Grade Sylvite Assays
TORONTO, ONTARIO--(Marketwire -12/15/11)- Ethiopian Potash Corp. ("EPC" or the "Company") (TSX-V: FED.V - News)(TSX-V: FED.WT)(OTCQX: ETPHF.PK - News) is pleased to announce that it has now received the assay results for holes 1 and 3, located in the Discovery Zone in the Southwest Corner of its Danakil Potash Project, Ethiopia.
David Wahl President and CEO stated, "We are in the unfortunate position of having to release excellent results into a soft market during tax-loss selling season, however hopefully investors can recognize the pattern of high grade sylvite (the only horizon that matters for our mining plan) over excellent widths, which should continue. With the rest of the drill results upcoming, Ethiopian Potash expects to issue a new 43-101 in the early part of Q1 2012, placing it in the exact same position as its Canadian listed peers operating in the Basin."
Hole No. Unit From (m) To (m) Interval (m) KCL%DAL-003 Sylvite 125.00 130.90 5.90 34.39 including 125.00 126.50 1.50 36.66 including 128.40 130.90 2.50 40.56 Carnallite 130.90 142.50 11.60 6.70 Kainite 142.50 154.50 12.00 16.66DAL-001 Sylvite 120.00 122.00 2.00 34.61 Carnallite 122.00 127.00 3.00 15.13 Kainite 127.00 132.00 12.50 0.96
About Ethiopian Potash Corp.
Ethiopian Potash Corp. (TSX-V: FED.V - News)(TSX-V: FED.WT) is a Canadian company based in Toronto, Ontario, and Addis Ababa, Ethiopia. Ethiopian Potash controls 481 sq km of shallow mineralization potash development concessions in the fairway of the Danakil Depression, Ethiopia. The Company has an existing 128 mil tonne resource at 21% potash and is intent on aggressively fast-tracking its properties to production.
Are you thinking FED-Ethiopian Potash?
Ethiopian Potash Drilling and Assay Update
TORONTO, ONTARIO--(Marketwire - Nov. 16, 2011) - Ethiopian Potash Corp. (the "Company") (TSXV:FED.V)(TSXV:FED-WT.V)(Other OTC:ETPHF.PK) is pleased to announce that it has completed 16 diamond drill holes totalling 3,353 metres on its Danakil Potash Project. The initial 16 holes were drilled in the South-west Target Area. Holes 17 and 18 are currently being drilled to test the northern continuation of the South-west Target Area. All holes have intersected the Danakil Potash bearing sequence. An additional 11 holes (19 through 29) are planned to complete the first phase of exploration on the South-west Target Area, and provide the Company with sufficient drilling to meet its objective of putting 1 billion tonnes of potash resource in this part of the property into an updated 43-101 compliant report. (Map link: http://www.ethiopianpotash.com/DrillMap.html)
Road building is ongoing and drilling of the Colluli Target Area with targets at 100 metres depth or less is expected to begin early in the New Year, with the same resource objective as in the South-west Target Area. Assays turnaround time and consequent lack of news has been a great disappointment to management and to our shareholders. As result, the Company has directed all core samples for analysis to the Saskatchewan Research Council, Saskatoon, Saskatchewan ("SRC"). SRC is recognized as one of the best laboratories for potash analysis, pilot plant testing and flow sheet design. The Company has been assured that assays can be expected within 15 days of receipt of the samples. Shipping of the samples from Ethiopia to Saskatchewan is estimated to take four (4) days, for an aggregated lapsed time of 19 days or approximately three (3) weeks. The Company anticipates being able to release assays on a number of holes in the first week of December.
About Ethiopian Potash Corp. Ethiopian Potash Corp. (TSXV:FED.V)(TSXV:FED-WT.V)(Other OTC:ETPHF.PK) is a Canadian company based in Toronto, Ontario, and Addis Ababa, Ethiopia. Ethiopian Potash controls 484 sq km of shallow mineralisation potash development concessions in the fairway of the Danakil Depression, Ethiopia. The Company has an existing 128 mil tonne resource at 21% potash and is intent on aggressively fast-tracking its properties to production. On behalf of the Board of Directors David Wahl, President and CEO Forward-Looking Information This press release may contain forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. All statements that address future activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Forward-looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control. There can be no assurance that outcomes anticipated in the forward-looking information will occur and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligations to update publicly or otherwise revise any forward-looking information, except as may be required by law. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Ethiopian Potash Drilling and Assay Update
TORONTO, ONTARIO--(Marketwire - Nov. 16, 2011) - Ethiopian Potash Corp. (the "Company") (TSXV:FED.V)(TSXV:FED-WT.V)(Other OTC:ETPHF.PK) is pleased to announce that it has completed 16 diamond drill holes totalling 3,353 metres on its Danakil Potash Project. The initial 16 holes were drilled in the South-west Target Area. Holes 17 and 18 are currently being drilled to test the northern continuation of the South-west Target Area. All holes have intersected the Danakil Potash bearing sequence. An additional 11 holes (19 through 29) are planned to complete the first phase of exploration on the South-west Target Area, and provide the Company with sufficient drilling to meet its objective of putting 1 billion tonnes of potash resource in this part of the property into an updated 43-101 compliant report. (Map link: http://www.ethiopianpotash.com/DrillMap.html)
Road building is ongoing and drilling of the Colluli Target Area with targets at 100 metres depth or less is expected to begin early in the New Year, with the same resource objective as in the South-west Target Area. Assays turnaround time and consequent lack of news has been a great disappointment to management and to our shareholders. As result, the Company has directed all core samples for analysis to the Saskatchewan Research Council, Saskatoon, Saskatchewan ("SRC"). SRC is recognized as one of the best laboratories for potash analysis, pilot plant testing and flow sheet design. The Company has been assured that assays can be expected within 15 days of receipt of the samples. Shipping of the samples from Ethiopia to Saskatchewan is estimated to take four (4) days, for an aggregated lapsed time of 19 days or approximately three (3) weeks. The Company anticipates being able to release assays on a number of holes in the first week of December.
About Ethiopian Potash Corp. Ethiopian Potash Corp. (TSXV:FED.V)(TSXV:FED-WT.V)(Other OTC:ETPHF.PK) is a Canadian company based in Toronto, Ontario, and Addis Ababa, Ethiopia. Ethiopian Potash controls 484 sq km of shallow mineralisation potash development concessions in the fairway of the Danakil Depression, Ethiopia. The Company has an existing 128 mil tonne resource at 21% potash and is intent on aggressively fast-tracking its properties to production. On behalf of the Board of Directors David Wahl, President and CEO Forward-Looking Information This press release may contain forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. All statements that address future activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Forward-looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control. There can be no assurance that outcomes anticipated in the forward-looking information will occur and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligations to update publicly or otherwise revise any forward-looking information, except as may be required by law. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Thanks. Much appreciated.
It's already in my Yahoo portfolio, but it would be nice to have the quote for AAA and ALLRF and this great board all in one place.
Moderator: ALLRF quote.
Since the death of the ALLRF board, is there a way we can get the ALLRF quote in here? A lot of us trade the ordinary and the price difference can be significant at times.
There's no moderator on ETPHF. I'm the moderator of FED.
I expect at some point that posting will be turned off here as it was with AAA's ALLRF.
EPC Continues to Intersect Potash Horizons and Increase Rate of Drilling on its 481km2 Danakil Project, Ethiopia
Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED)(TSX VENTURE:FED.WT) is pleased to announce that it has now completed nine (9) holes, and is currently drilling the tenth hole (10) of its ongoing exploration/development program.
While the Company is discouraged at the slow assay turnaround time for its initial core samples, EPC continues to be encouraged by the fact that it is clear from visual inspection that all of the holes have intersected the regional Danakil Potash Formation, and all holes intersected potash mineralization.
The holes were drilled along the western edge of the Danakil and targeted the on-strike continuation of the Musley potash deposit situated approximately 10 kilometers south of EPC's SW discovery area. The potash horizons encountered are within 200m of the surface and present several possible mining scenarios.
Following completion of the summer field program, the Company is in the process of constructing drill-site access and seismic roads on the floor of the Danakil as we enter the dry season. One of the roads will be extended across the Danakil to provide access to the eastern portion of the property, and the potash discoveries at Colluli. Based on historic and recent drill results on the adjacent property the Company expects to intersect potash mineralization in drill holes at depths from near surface to approximately 100 meters depth.
Mr. Wahl President and CEO of EPC stated; "The Company has worked through the normal startup challenges which occur in remote camps, and is pleased that efficiencies are improving across the board.
"We are also very happy with EPC's go-forward plan for road access, new and expanded drilling program, seismic survey and concurrent drilling of the South West and Eastern target areas of our concession, as shown in the map linked below.
"We look forward to having a steady stream of news to disseminate in the Autumn, and as previously stated in our press release dated August 22nd 2011, EPC will release assays upon receipt."
http://www.ethiopianpotash.com/pdf/Road_Seismic_Drill_Map.pdf
About Ethiopian Potash Corp.
Ethiopian Potash Corp. (TSX VENTURE:FED)(TSX VENTURE:FED.WT) is a Canadian company based in Toronto, Ontario, and Addis Ababa, Ethiopia. Ethiopian Potash controls 481 sq km of shallow mineralization potash development concessions in the fairway of the Danakil Depression, Ethiopia. The Company has an existing 128 mil tonne resource at 21% potash and is intent on aggressively fast-tracking its properties to production.
Forward-Looking Information
This press release may contain forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. All statements that address future activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Forward-looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control. There can be no assurance that outcomes anticipated in the forward-looking information will occur and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligations to update publicly or otherwise revise any forward-looking information, except as may be required by law. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
EPC Continues to Intersect Potash Horizons and Increase Rate of Drilling on its 481km2 Danakil Project, Ethiopia
Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED)(TSX VENTURE:FED.WT) is pleased to announce that it has now completed nine (9) holes, and is currently drilling the tenth hole (10) of its ongoing exploration/development program.
While the Company is discouraged at the slow assay turnaround time for its initial core samples, EPC continues to be encouraged by the fact that it is clear from visual inspection that all of the holes have intersected the regional Danakil Potash Formation, and all holes intersected potash mineralization.
The holes were drilled along the western edge of the Danakil and targeted the on-strike continuation of the Musley potash deposit situated approximately 10 kilometers south of EPC's SW discovery area. The potash horizons encountered are within 200m of the surface and present several possible mining scenarios.
Following completion of the summer field program, the Company is in the process of constructing drill-site access and seismic roads on the floor of the Danakil as we enter the dry season. One of the roads will be extended across the Danakil to provide access to the eastern portion of the property, and the potash discoveries at Colluli. Based on historic and recent drill results on the adjacent property the Company expects to intersect potash mineralization in drill holes at depths from near surface to approximately 100 meters depth.
Mr. Wahl President and CEO of EPC stated; "The Company has worked through the normal startup challenges which occur in remote camps, and is pleased that efficiencies are improving across the board.
"We are also very happy with EPC's go-forward plan for road access, new and expanded drilling program, seismic survey and concurrent drilling of the South West and Eastern target areas of our concession, as shown in the map linked below.
"We look forward to having a steady stream of news to disseminate in the Autumn, and as previously stated in our press release dated August 22nd 2011, EPC will release assays upon receipt."
http://www.ethiopianpotash.com/pdf/Road_Seismic_Drill_Map.pdf
About Ethiopian Potash Corp.
Ethiopian Potash Corp. (TSX VENTURE:FED)(TSX VENTURE:FED.WT) is a Canadian company based in Toronto, Ontario, and Addis Ababa, Ethiopia. Ethiopian Potash controls 481 sq km of shallow mineralization potash development concessions in the fairway of the Danakil Depression, Ethiopia. The Company has an existing 128 mil tonne resource at 21% potash and is intent on aggressively fast-tracking its properties to production.
Forward-Looking Information
This press release may contain forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. All statements that address future activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Forward-looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control. There can be no assurance that outcomes anticipated in the forward-looking information will occur and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligations to update publicly or otherwise revise any forward-looking information, except as may be required by law. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Is the volume of ALLRF.pk included in AAA.v?
Mackie Research Capital initiates coverage on Ethiopian Potash Corp.
Ethiopian Potash Corp is pleased to announce the commencement of coverage by Mackie Research Capital on the company. Please find below an excerpt from the introduction and conclusion of the report. Investors can contact Mackie Research Capital for a copy of the full report.
"We initiate on FED with a SPECULATIVE BUY recommendation and a 12-month target price of $1.60 per share. We view EPC as a value play on potash development in Ethiopia."
"In our view, EPC is an attractively priced company with exposure to the Danakil Depression. While the company is at an earlier stage of development than Allana Potash and South Boulder Mines, we believe that ultimately its resource base is likely to look very similar to that of Allana Potash, although the mineralization is likely to be at a shallower depth in our view. For those seeking exposure to the Danakil, we believe the higher risk and earlier-stage nature of EPC are more than compensated for by the company’s valuation (currently at approximately one-third that of Allana and South Boulder Mines). As the project is de-risked, the valuation gap should close."
Mackie Research Capital initiates coverage on Ethiopian Potash Corp.
Ethiopian Potash Corp is pleased to announce the commencement of coverage by Mackie Research Capital on the company. Please find below an excerpt from the introduction and conclusion of the report. Investors can contact Mackie Research Capital for a copy of the full report.
"We initiate on FED with a SPECULATIVE BUY recommendation and a 12-month target price of $1.60 per share. We view EPC as a value play on potash development in Ethiopia."
"In our view, EPC is an attractively priced company with exposure to the Danakil Depression. While the company is at an earlier stage of development than Allana Potash and South Boulder Mines, we believe that ultimately its resource base is likely to look very similar to that of Allana Potash, although the mineralization is likely to be at a shallower depth in our view. For those seeking exposure to the Danakil, we believe the higher risk and earlier-stage nature of EPC are more than compensated for by the company’s valuation (currently at approximately one-third that of Allana and South Boulder Mines). As the project is de-risked, the valuation gap should close."
EPC Drilling Intersects Potash Horizons on Its 481km^2 Danakil Project, Ethiopia
TORONTO, ONTARIO, Aug 22, 2011 (MARKETWIRE via COMTEX) -- Ethiopian Potash Corp. (the "Company " or "EPC") CA:FED +1.37% CA:FED.WS +8.70% is pleased to announce that it has completed five (5) holes and drilling of Hole 6 is ongoing with total drilling through 1,000 metres to date, of the planned 15,000 metre diamond drill program on its 481km2 Danakil Project, Ethiopia.
All of the holes intersected the regional Danakil Potash Formation and all holes intersected potash mineralization.
The holes were drilled along the western edge of the Danakil and targeted the on strike continuation of the Musley potash deposit. The drill core has been logged and selected intersections have been reviewed by Ercosplan who confirmed the intersection as being part of the Regional Danakil Potash bearing sequence and that potash mineralization was observed in the drill core. The drill core has been sampled and the samples are being processed for analysis. Drilling is continuing is the southwest corner of the Property in an area of historic drilling.
Mr. Wahl President and CEO of EPC stated "I am extremely pleased with the drilling results and looks forward to receiving the assay results which will be released on receipt. Ethiopian Potash looks forward to having a steady stream of news to disseminate in the Autumn."
About Ethiopian Potash Corp.
Ethiopian Potash Corp. CA:FED +1.37% CA:FED.WS +8.70% is a Canadian company based in Toronto, Ontario, and Addis Ababa, Ethiopia. Ethiopian Potash controls 481 sq km of shallow mineralization potash development concessions in the fairway of the Danakil Depression, Ethiopia. The Company has an existing 128 mil tonne resource at 21% potash and is intent on aggressively fast-tracking its properties to production.
Forward-Looking Information
This press release may contain forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. All statements that address future activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Forward-looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control. There can be no assurance that outcomes anticipated in the forward-looking information will occur and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligations to update publicly or otherwise revise any forward-looking information, except as may be required by law. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com .
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
EPC Drilling Intersects Potash Horizons on Its 481km^2 Danakil Project, Ethiopia
TORONTO, ONTARIO, Aug 22, 2011 (MARKETWIRE via COMTEX) -- Ethiopian Potash Corp. (the "Company " or "EPC") CA:FED +1.37% CA:FED.WS +8.70% is pleased to announce that it has completed five (5) holes and drilling of Hole 6 is ongoing with total drilling through 1,000 metres to date, of the planned 15,000 metre diamond drill program on its 481km2 Danakil Project, Ethiopia.
All of the holes intersected the regional Danakil Potash Formation and all holes intersected potash mineralization.
The holes were drilled along the western edge of the Danakil and targeted the on strike continuation of the Musley potash deposit. The drill core has been logged and selected intersections have been reviewed by Ercosplan who confirmed the intersection as being part of the Regional Danakil Potash bearing sequence and that potash mineralization was observed in the drill core. The drill core has been sampled and the samples are being processed for analysis. Drilling is continuing is the southwest corner of the Property in an area of historic drilling.
Mr. Wahl President and CEO of EPC stated "I am extremely pleased with the drilling results and looks forward to receiving the assay results which will be released on receipt. Ethiopian Potash looks forward to having a steady stream of news to disseminate in the Autumn."
About Ethiopian Potash Corp.
Ethiopian Potash Corp. CA:FED +1.37% CA:FED.WS +8.70% is a Canadian company based in Toronto, Ontario, and Addis Ababa, Ethiopia. Ethiopian Potash controls 481 sq km of shallow mineralization potash development concessions in the fairway of the Danakil Depression, Ethiopia. The Company has an existing 128 mil tonne resource at 21% potash and is intent on aggressively fast-tracking its properties to production.
Forward-Looking Information
This press release may contain forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. All statements that address future activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Forward-looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control. There can be no assurance that outcomes anticipated in the forward-looking information will occur and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligations to update publicly or otherwise revise any forward-looking information, except as may be required by law. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com .
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
There was an 80,000 share trade today. That's odd.
ALLRF volume is only 9,500 shares. It's the silliness of the US ordinary shares and how they trade.
Ethiopian Potash Corp. Retains ERCOSPLAN
TORONTO, ONTARIO--(Marketwire - Aug. 11, 2011) - Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED - News; TSX VENTURE:FED.WT - News) is pleased to announce that it has appointed ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH ("ERCOSPLAN") to provide geological supervision concerning evaporite/potash drilling, coring, sampling, assaying for the Company's Danakil Project.
ERCOSPLAN is recognized by international financial institutions and regulators around the world for their potash exploration and development expertise. ERCOSPLAN's experts are members in good standing of relevant professional organizations and have long-term experiences in the potash industry. As a result of their experience and qualifications EurGeol, Dr Henry Rauche (registered under No. 729) and EurGeol, Dr Sebastiaan van der Klauw (registered under No. 756) are "Qualified Persons" as defined in the Canadian National Instrument 43-101, its Companion Policy and with Form 43.
Mr. David Wahl, President and CEO reports that "We are pleased to appoint ERCOSPLAN to aid us in our ongoing development program on the Company's flagship 481km2 potash concessions in the Danakil Depression. We look forward to ERCOSPLAN joining our team on the ground and for their guidance on the exploration and development of our Danakil Project".
About Ethiopian Potash Corp.
Ethiopian Potash Corp. (TSX VENTURE:FED - News; TSX VENTURE:FED.WT - News) is a Canadian company based in Toronto, Ontario, and Addis Ababa, Ethiopia. Ethiopian Potash controls 481 sq km of shallow mineralization potash development concessions in the fairway of the Danakil Depression, Ethiopia. The Company has an existing 128 mil tonne resource at 21% potash and is intent on aggressively fast-tracking its properties to production.
Had a little dry powder and bought a few hundred more shares.
and the email from Farhad.
and the email from Farhad.
That one was about 80 percent and some others. but been in for a while now.
Silver vs. Potash. Couldn't resist the price after today's posts. Sold 300 SLV for 6291 ALLRF.
Silver vs. Potash. Couldn't resist the price after today's posts. Sold 300 SLV for 6291 ALLRF.