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Site Photos
http://ethiopianpotash.com/camp.htm
Site Photos
http://ethiopianpotash.com/camp.htm
Thanks. I wasn't meaning board specific, but in general. I guess it depends on how tight your blinders are on.
How many folks do you think are in both AAA and FED?
Except, Allana would rather spend money on production than more land since the report came in showing so much potash.
Someone got it at a steal, considering the current bid/ask.
As a shareholder, I hate to be negative, but we've seen the "but this might just be the last week to pick shares up under $2" a few times before.
My bet is we drop to 1.80 on the ALLRF before another leg up (in which case I'll pick up some more shares).
We should be drilling by June 10.
This from a press release from FED on June 2:
"...he [Board Chairman, George Roach] noted that the company's drilling rigs are in the process of being commissioned and are expected to be "turning" within the week.
What is the timeframe for production and the $10 EPS?
ETPHF is the US Ordinary.
Ethiopian Potash Applies for Listing on the OTCQX
Apr 14, 2011 09:00 ETEthiopian Potash Applies for Listing on the OTCQX
TORONTO, ONTARIO--(Marketwire - April 14, 2011) - Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED)(TSX VENTURE:FED.WT) is pleased to announce that it has commenced the application process for listing on the OTCQX.
David Wahl, President & CEO of EPC commented: "The company is actively engaged in pursuing new avenues of distribution both in the US and Internationally, in order to enhance the ability of larger audiences to participate in the Ethiopian Potash Corp. story, and to broaden its shareholder base."
"The Company is ramping up its exploration activities on the Danakil Project and will shortly be providing a status report on recent activities on site, in anticipation of its 15,000 metre resource definition drilling program, scheduled to start before the end of April."
The Company also announces that as has been previously disclosed in its Information Circular and RTO filings, the Company has now issued, on April 11, 2011, an aggregate of 17,368,726 common shares ("Common Shares") of EPC in connection with the satisfaction of the "First Milestone" under the option agreement (the "Option Agreement") between EPC, G and B Central African Resources Ltd. ("G&B") and the shareholders of G&B as amended and restated as of October 18, 2010, as further amended. As of November 4, 2010, the parties to the Option Agreement agreed that all of the requirements in respect to the First Milestone (as defined in the Option Agreement) have been met based on the publishing of a report on the project by a third party inferring a resource in excess of 100 million tonnes.
In accordance with the policies of the TSX Venture Exchange (the "Exchange"), all of the Company's securities that are issued to "Principals" (as defined in Exchange Policy 1.1) are considered "Value Securities" (as defined in Exchange Policy 5.4) and are therefore being held in escrow by Olympia Trust Company. All common shares issued in connection with the First Milestone are subject to such escrow and shall be released pursuant to the Tier 2 Value Security Escrow timed release.
Upon the issuance of common shares in connection with the First Milestone, there are 106,371,626 Common Shares issued and outstanding.
About OTCQX
The OTCQX marketplace is the premier tier of the U.S. Over-the-Counter market. Investor-focused companies use the quality controlled OTCQX listing platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. exchange. For more about OTCQX, visit www.otcqx.com.
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 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.
I found this line interesting:
"We plan on taking the company through to production, proving up the resource is the first move in doing so."
FED makes a claim of other juniors being bought out in one of their presentations, so I think they have to say that, but I don't know if they really mean it.
I think all the $2.00 limit sellers have been washed out.
Ethiopian Potash is in the process of getting an OTCQX listing. I'm told by their investor relations folks that mid May is the target.
Do your own DD.
http://www.ethiopianpotash.com/
Someone's sell order kicked in at $2.00
But his buys are more than half the day's volume. He's buying a lot, but he is also pushing up the share price.
Glad I trade the ALLRF ordinary. Although day's like this just make my head hurt:
AAA.V 1.81 -0.03
ALLRF.PK 1.9190 +0.0410
US ordinary (ALLRF) and Canadian pricing (AAA)
Can someone explain two things to me?
1-Is the volume of the US ordinary (ALLRF) included in the Canadian (AAA) volume?
2-How is the price resolved? By that I mean that if the US Ordinary closed at $1.8165 and the Canadian at $1.76 (as it did today), how is this rectified?
Today's currency close was 1 US dollar = 0.9759 Canadian dollars. So US$1.8165 = CAN$1.773.
Is it the broker handling the US trades that is taking a little off the top? Or do the two really trade separatly?
That's the volume on the ordinary (ALLRF.PK) traded in the US.
That ALLRF volume will more than double if my bid ever gets accepted.
I think we need to show production and an infrastructure to move product before any buyout offer (which I hope we do not accept).
What I said was that we needed to be in production first.
No way. Too soon for anything more than $5. Need to be in production (2013) before we see double digits.
I would say that based on the market lead time and the 2013 production date, that about one year rom now will be the last opportunity to get in and still be very happy.
Of course, all of us that are in will be VERY VERY VERY happy.
But Dad, I don't want to be aquired. I want to be a Producer!
Sold 1/3rd of Holdings
While I still have a few 100 thousand shares, I sold 1/3. This seems like dead money for a while, and there are great opporunities emerging with Japan, Uranium, and wood products.
Me too!
Hi Ho Silvers...Away!
I think it's program trading. Overall market down triggers these sells.
It's just frustrating.
At least I was able to pick up a few more thousand shares on today's pullback.
Thanks Brad.
Why LIT instead of Individual Stocks
Wondering why some of you picked LIT instead of the indidvidual stocks. Diversity within the sector? No clear single company winner?
Here's the full list from Global X's website:
Fund Holdings
Data as of 3/4/2011
% of Net Assets Name Identifier Market Price($) Shares Held Market Value($)
19.85 SOC QUIMICA Y MINERA ADR 833635105 56.14 672,665.00 37,763,413.10
16.10 FMC CORP 302491303 77.98 392,647.00 30,618,613.06
8.90 AVALON RARE METALS INC 2024138 7.33 2,311,275.00 16,935,554.18
7.29 ROCKWOOD HOLDINGS INC 774415103 47.82 290,043.00 13,869,856.26
6.00 EXIDE TECHNOLOGIES 302051206 11.59 985,228.00 11,418,792.52
5.16 SAFT GROUPE S.A. B09YFD0 38.38 255,822.00 9,818,534.28
4.59 A123 SYSTEMS INC 03739T108 8.34 1,046,362.00 8,726,659.08
4.53 GS YUASA CORP 6744250 7.17 1,202,551.00 8,619,913.62
3.93 SANYO ELECTRIC 6776769 1.51 4,960,347.00 7,472,761.85
3.62 ADVANCED BATTERY TECH. 00752H102 3.71 1,855,070.00 6,882,309.70
3.41 ENER1 INCORPORATED 29267A203 3.50 1,853,992.00 6,488,972.00
2.85 GALAXY RESOURCES LTD B1LJTM7 1.48 3,655,625.00 5,428,338.94
2.10 CANADA LITHIUM CORP 2616171 1.02 3,919,005.00 3,992,811.52
1.99 VALENCE TECH INC. 918914102 1.59 2,375,655.00 3,777,291.45
1.66 OROCOBRE LTD B293GJ4 2.88 1,099,255.00 3,164,349.77
1.55 LITHIUM AMERICAS CORP B4PBST0 2.00 1,472,826.00 2,940,498.55
1.26 CHINA BAK BATTERY INC 16936Y100 1.79 1,335,047.00 2,389,734.13
1.24 TALISON LITHIUM LIMITED B40MLD3 5.76 407,969.00 2,351,164.35
1.11 ELECTROVAYA INC 2711065 2.69 785,644.00 2,110,250.94
1.07 COSLIGHT TECHNOLOGY INT'L 6187361 0.60 3,399,287.00 2,034,533.89
1.02 ULTRA LIFE BATTERIES INC 903899102 5.39 359,179.00 1,935,974.81
0.93 LITHIUM ONE INC 2712132 1.32 1,349,109.00 1,777,152.95
0.00 AUSTRALIAN DOLLAR AUD 1.01 108.63 110.11
0.00 HONG KONG DOLLAR HKD 0.13 2.52 0.32
0.00 JAPANESE YEN JPY 0.01 1.00 0.01
-0.04 CANADIAN DOLLAR CAD 1.03 -68,976.17 -70,985.05
-0.06 CASH CASH 1.00 -118,681.71 -118,681.71
Talison or LIT
Can someone knock some sense into me.
Was going to place my lithium bet with Talison, but decided to run a 6/3/1 month comparison to LIT. LIT has performed better than Talison over that time and short term < 1 month, SQM performed better.
Is the interest in Talison from a PPS appreciation point of view, long term... or am I missing something?
Any help appreciated, but my DD says Talison is not the place to be if compared.
Ronin said "Total Costs per tonne = 50+30+50 = $130 per tonne"
I can't remember (it's early on the west coast), but what did the CEO say that his nut was for potash profitability (at least as of now)?
My only concern is we get a buyout offer much lower than a 3 year PPS projection has a chance. While we have a number of folks on this board with a large number of shares, we're probably the minority and will the majority look for the fast bucks instead of the big bucks?
Perhaps the drop is so that we can touch the price set by the exchange for the crazy trades from Wednesday. I had some dry poweder and picked up some more, but was surprised when I saw the fill notification at $1.809... until I saw the chart.
GLTA Longs.
WY as a REIT.
While paying a smaller dividend than competitors like PCL and PCH, I feel that WY is a better long term play.
If I were running a fund with a long term horizon, I would.
Glad it was a good week with a little consolidation on Friday... but just a little.
No, not too lazy. Just pointing out the flaw in looking at PPS on it's own without any other consideration.
It's people who think a $100 stock with a $100 million market cap is "better" than a $50 stock with a $500 millin market cap.
Of course, "better" is subjective.
If you're going to dream, do it right. Stop comparing AAA to Potash's or Mosaic's PPS. PPS doesn't matter. Market capitalization matters.
That being said, what's your guess for AAA's market cap once production starts?
My only stock in the green. Thanks Allana (I wonder how many of use will name our duaghters that).
There are no assets. Any inventory and other tangables are sitting idle. There's no cash. And any assets are encombered by the creditors.
The only real asset of value is the IP and the publically traded corporation itself.