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Does anyone have an opinion on the Asus Transformer Book T100?
I am planning on using it mainly at home with an external monitor as a fill-in / backup for an aging notebook and an aging PC. Doing mainly web browsing, MS office apps, some video, virtually no mega file storage, movies or games. Occasional (tablet) use outside the home / in the car (GPS).
Anything similar / better out there in the sub $400 category?
PS: I am currently using Vista. Yes, I know that’s terribly antiquated.
The T100 comes with 8.1 which will also give me a chance to gradually get used to 8.1
Thanks. I checked with Bell. You are correct. I'll uninstall Defender.
Windows Defender question:
I am running Vista, Windows Firewall and a (seemingly) very good security program from my ISP (Bell). Every time Defender runs, my computer slows down to a crawl. Do I need Defender?
TIA
Printer question ...
Looking for a “dumb, dumb” black and white laser printer with low per page (consumable) cost. Copy function would be nice but not a must.
Running right now an older 2600N HP colour laser printer but getting tired of replacing colour cartridges which mysteriously run out of colour while I print B&W 90% of the time.
OT ... This is not meant to be facetious. Any REAL farmers on this forum? If so, just PM me a “yes”. I have a rather simple (personal) question which is irrelevant in terms of the AG market.
You were right. Something is happening. It's moving to zero.
What makes you think so?
Halted pending news
From a NLW, Ted Carter. Feels like 100 years ago.
Was a bumpy but fun ride in the early years. Made a lot of money, lost a lot of money. Now just sitting on some freebies for no good reason as it doesn't look like they will be able to pull this thing out of the ditch.
Are you in touch with any of the insiders?
BTW, the is also a forum on SH but it's about as busy as this one.
What got you into this stock and how long have you been in it?
Open Pittable 1.1 Billion Tonnes at 9.36% K2O Added to Cerrado Verde Potash Project, Brazil
07:48 EDT Wednesday, August 03, 2011
TORONTO, ONTARIO--(Marketwire - Aug. 3, 2011) - Verde Potash (TSX VENTURE:NPK) ("Verde" or the "Company") is pleased to announce that the Company has received an independent resource estimate for the Cerrado Verde Potash Project located in Minas Gerais State, Brazil ("Cerrado Verde"). The estimate comprises an indicated resource of 74 million tonnes of K2O with an average grade of 9.22% K2O and an inferred resource of 1.07 billion tonnes of K2O with an average grade of 9.37% K2O (applying a 7.5% K2O cut-off). Potash mineralization is found from surface to a maximum depth of 80 metres, rendering the resource amenable to open pit mining.
The new resource was estimated for five out of 13 of Cerrado Verde's targets, in which 8,950m of drilling was performed in 143 holes with a collar spacing ranging from 400m by 400m to 200m by 200m. However, an additional eight targets have been tested, but are not included in this release, thus completing the 26,000m drill program. The additional resource calculation will be reported during Q4/2011.
Commenting, President & CEO, Cristiano Veloso, said: "We are encouraged by these numbers, they reinforce our belief in the impressive scope of Cerrado Verde. It is evident that we have a long life asset that could supply Brazil's potash needs well into the future providing our development program succeeds."
Brazil's annual K2O consumption is approximately 4 million tonnes. The new resource represents over 90 million tonnes of K2O.
The resource estimate is reported below in Table 1 using a 7.5% K2O cut-off grade:
Table 1 – Grade Tonnage Report Cerrado Verde Potash Project
Inverse Distance Weighting with power two (IDW2) estimate (Block Model - 50mE X 50mN X 10mRL)
7.5% K 2 O cut off utilised
Target Tonnage (Mt) Average Grade (% K 2 O)
Indicated
6 23.25 8.83
7 50.79 9.39
TOTAL indicated 74.04 9.22
Inferred
4 74.43 9.20
6 47.85 8.84
7 873.59 9.45
10 28.50 10.10
11 46.79 8.27
TOTAL inferred 1071.16 9.37
Note:
Appropriate rounding has been applied
Table is EXCLUSIVE of Target 8, Funchal Norte, inferred resource estimate completed by Coffey Mining in March 2010 (105 million tonnes at 10.3% K2O (using a 7.5% K2O cut-off)). See Release dated March 8, 2010.
The resource estimate is reported below in Table 2 using a 9% K2O cut-off grade:
Table 2 – Grade Tonnage Report Cerrado Verde Potash Project
Inverse Distance Weighting with power two (IDW2) estimate (Block Model - 50mE X 50mN X 10mRL)
9% K 2 O cut off utilised
Target Tonnage (Mt) Average Grade (% K 2 O)
Indicated
6 10.32 9.60
7 30.55 10.09
TOTAL indicated 40.87 9.97
Inferred
4 45.16 9.69
6 20.77 9.63
7 582.20 10.05
10 25.22 10.33
11 5.13 10.15
TOTAL inferred 678.48 10.02
Note:
Appropriate rounding has been applied
Table is EXCLUSIVE of Target 8, Funchal Norte, inferred resource estimate completed by Coffey Mining in March 2010 (105 million tonnes at 10.3% K2O (using a 7.5% K2O cut-off)). See Release dated March 8, 2010.
Verde has also initiated field and development work to support a Definitive Feasibility Study to be completed first half of 2012.
Cerrado Verde is a 100% owned project of the Company and is defined by flat lying potash rich metasiltstones belonging to the Serra da Saudade Formation of Neoproterozoic age. The metasiltstone beds are between 30m and 80 metres thick. The Company has mapped the distinctive green unit over a strike length of 100km within their granted permits.
Qualified Person
Beau Nicholls, MAIG consulting geologist to Verde is the Qualified Person with respect to NI 43-101 at Cerrado Verde. Reverse Circulation (RC) and Diamond Core (DC) samples were taken at between one and two metre intervals by Verde technical staff, utilizing internationally accepted drilling and sampling techniques. All reverse circulation drill samples are weighed on site to ensure adequate recovery. DC drill holes consist predominantly of HQ core. DC is logged and sawn on site with half core samples sent to the laboratory. All samples are analyzed for K2O using standard Whole Rock XRF by SGS Geosol Laboratory, in Belo Horizonte. QA/QC programs show industry acceptable precision and accuracy limits on both Certified Standards and duplicate samples. An additional 120 Umpire samples were sent to ALS laboratory and returned excellent precision when compared to SGS Geosol results. Bulk Density samples are routinely measured in all DC drilling, and the company has also undertaken independent validation checks of the density results with excellent precision returned. BNA Consultoria e Sistemas, under the direction of Volodymyr Myadzel, MAIG who is a Qualified Person with respect to NI 43-101, validated the database and QA/QC programs, undertook wire-framing of the grade shells, and performed the variography, block modeling and resource estimation and has approved this news release.
Other Matters
Verde has issued 20,000 additional share purchase options to the CEO, 50,000 options to Officers of the company and 130,000 options to consultants and staff. These sets of share purchase options are exercisable at $7.14, expiring August 3, 2016 and pending TSX regulatory approval.
About Verde Potash
Verde Potash, founded and led by Brazilians, is a fertilizer exploration and development company. It is developing Cerrado Verde project in Brazil, a source of potash-rich rock from which Verde plans to produce a slow-release, non-chloride, multi-nutrient, fertilizer product named ThermoPotash. Founded as Amazon Mining in 2005, the Company changed its name to Verde Potash in April 2011 to better reflect its main business. The Company is also exploring for phosphate and limestone.
On behalf of the Board of Directors of Verde Potash, Cristiano Veloso, President and CEO
To view Figure 1: Map showing all target, please visit the following link: http://media3.marketwire.com/docs/NPK83.jpg.
Anything specific you are waiting for?
Are you by chance following NPK (Brazil play)?
If so, would love to get your take.
Exchanged all my AAA for FED warrants not because I dislike AAA but because I see more short to mid term (3 to 6 months) upside in FED.
Both are imho pure takeover spec plays as neither will ever mine whatever deposits they may have,
I recently sold some shares through my Canadian broker. No problem.
Not a secure site and they are asking for a SIN??? Doesn't make a lot of sense.
Allana Potash Intersects 38 Metres of Potash Including 37.6% KCl Over 2.8 Metres
10:35 EST Monday, February 14, 2011
TORONTO, ONTARIO--(Marketwire - Feb. 14, 2011) - Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company") is pleased to announce that drill holes DK-10-09 and 010 both intersected significant zones of potash mineralization. Both holes are located east of the Musley Deposit and the results suggest strong continuity of potash mineralization throughout this area. Hole DK-10-10 intersected three robust potash intersections including 37.6 % KCl over 2.8 metres, within 12.4 metres of 23.7 % KCl, 21.3% KCl over 6.5 metres and 16.9% KCl over 19.4 metres. Hole DK-10-09 intersected strong potash mineralization which returned 28.0% KCl over 3.5 metres within a wider intersection of 7.1 metres of 22.8 % KCl.
Farhad Abasov, President and CEO, commented: "Allana continues to be very encouraged with our drill results across the entire property and as a result we have commenced another two drill holes. The results from holes 09 and 10 strongly support the interpretation of the extension of the Musley Deposit into this area. Particularly encouraging are the results from Hole 10 where high grade sylvinite, carnallite and kainite were intersected over good widths The combined width of significant potash mineralization, some 38 metres in total, is very positive for this region and management believes will add to the resource potential."
Hole DK-10-10 was collared approximately 3 km north from Hole 08 (see attached figure). Hole 10 intersected three prominent zones of potash mineralization including 2.8 metres of 37.6% KCl in the core of the Sylvinite Zone within a wider intersection of 12.4 metres which returned 23.7% KCl. The Intermediate Zone is represented by carnallite and other salts and returned 19.4 metres of 16.9% KCl. The Kainitite Zone was also intersected in this drill hole and returned 6.5 metres of 21.3% KCl. The cumulative width of main potash mineralization in this hole is approximately 38 metres and represents the thickest section encountered to date by Allana.
Hole DK-10-09 was collared approximately 1,000 m southeast from DK-10-07 (see attached figure). Hole 09 was drilled vertically and may represent an extension of the Musley Deposit further east towards MountDallol. The upper intersection, 28.0% KCl over 3.5 metres, within 7.1 metres of 22.8 % KCl; appears to correlate with the Sylvinite Zone in the stratigraphy established by Parsons for the project area. The lower intersection, 14.6% KCl over 4.0 metres, appears to correlate with the Intermediate Zone. Technical difficulties with this hole prevented drilling into the Kainitite Zone. This area has not been drilled previously and management believes it represents potential to add to the potash resource.
Samples are currently being selected for XRD analysis to determine mineralogy. True widths of the potash zones are estimated to be very similar to drilled widths due to the flat-lying nature of the potash horizons. The zones of potash mineralization are outlined in the following table:
HOLE ID FROM (m) TO (m) WIDTH (m)* KCL (%)
DK-10-09 210.00 217.10 7.10 22.80
including 210.00 213.50 3.50 28.00
224.30 228.30 4.00 14.56
DK-10-10 257.00 269.40 12.40 23.71
including 263.40 266.20 2.80 37.64
303.40 322.80 19.40 16.90
350.70 357.20 6.50 21.30
*Drilled width
Exploration drilling is continuing at the project and samples from hole DK-11-11 are in the laboratory in Saskatoon. Due to the encouraging results to date, including the strong potash mineralization encountered in holes 8, 9, and 10, a further two drill holes are in progress and the down hole seismic survey has been extended to incorporate these newer holes. This data will be valuable in the interpretation of the nature and continuity of the potash horizons.
Sounds like you signed up. Can you share your experience with us?
Any thoughts why the share price has not reacted to the latest news?
Allana Potash Increases Previously Announced Bought Deal to $27,900,000
09:14 EST Friday, February 04, 2011
TORONTO, ONTARIO--(Marketwire - Feb. 4, 2011) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES
Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or "the Company"), is pleased to announce that it has amended the terms of the previously announced bought deal financing to increase the size of the offering from $20,010,500 to $27,900,000. The Company has entered into an amendment agreement with a syndicate of underwriters led by Dundee Securities Ltd. as sole-bookrunner, together with Wellington West Capital Markets Inc. as co-lead underwriter and including Cormark Securities Inc. and Fraser Mackenzie Limited (the "Underwriters"), whereby the Underwriters have agreed to purchase, on a bought deal basis, 18,000,000 common shares (the "Common Shares") of the Company at a purchase price of $1.55 per Common Share (the "Amended Offering"). The Company has also granted the Underwriters an over-allotment option to increase the size of the Amended Offering by up to an additional 2,700,000 Common Shares, such option being exercisable at any time up to 48 hours prior to the closing of the Amended Offering. If the over-allotment option is exercised in full, the aggregate gross proceeds raised will be $32,085,000.
The net proceeds from the Amended Offering will be used to fund continued exploration and development work, including a definitive feasibility study, at the Company's Ethiopian potash project as well as future potential strategic land acquisitions and general corporate purposes.
Closing of the Amended Offering is anticipated to occur on or about March 1, 2011 (the "Closing Date") and is subject to the receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. The Common Shares will be subject to a statutory hold or restricted period of four months and one day following the Closing Date.
In connection with the financing, the Company has agreed to pay to the Underwriters a cash commission of 6.0% of the gross proceeds raised and issue to the Underwriters that number of compensation options equal to 5.0% of the number of Common Shares sold. Each compensation option shall entitle the holder to acquire one Common Share of the Company at a price of $1.55 for a period of 18 months from the date of closing of the Amended Offering.
About Allana Potash Corp.
Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia with Inferred Mineral Resources of 70.3 million tonnes of kainitite mineralization grading 61.7 % kainite and 30.3 million tonnes of sylvinite resource grading 25.4 % sylvite (combined 105,200,000 tonnes with a composite grade of 20.8 % KCl (see News Release dated Sept. 17, 2008). Allana has approximately 146.3 million shares outstanding and trades on the TSX-Venture Exchange under the symbol "AAA".
Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information presented in this release.
Forward-Looking Statement
Except for statements of historical fact relating to the Company, certain information contained herein constitutes ''forward-looking information'' under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the terms and use of proceeds of the Offering, the ability of the Company to complete the Offering and the impact of the Offering on the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Farhad Abasov
Allana Potash Corp.
President and CEO
+1-416-309-2691
fabasov@allanapotash.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.
©2011 CTVglobemedia Publishing Inc. All rights reserved.
No rivals over on SI. Just less traffic. Same conclusions.
Terms of PP are ok
Got a link?
Allana Potash Continues to Intersect Significant Potash With Hole DK-10-08 Returning 31.6 % KCI Over 2 m
11:16 EST Monday, January 24, 2011
TORONTO, ONTARIO--(Marketwire - Jan. 24, 2011) - Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company") is pleased to announce that drill hole DK-10-08, located in the southwestern section of Allana's property, intersected two prominent zones of potash mineralization. Hole DK-10-08 intersected 31.6% KCl over two metres, and 22.1% KCl over 7.5 metres in two distinct intersections at shallow depths beginning at approximately 164 metres. The upper interval occurs within a thicker potash sequence that returned 24.6% KCl over 4.1 metres.
Farhad Abasov, President and CEO, commented: "Allana is very encouraged with our drill results from Hole DK-10-08 which yielded similar results to Hole 06 suggesting good continuity in the southwestern part of the evaporite basin. In addition, management believes the strong potash mineralization in Hole 08 suggests the Musley deposit may extend further south into the basin, adding to the resource potential of the project."
Hole DK-10-08 was collared in the southwestern portion of the Allana property, approximately four kilometres west of drill hole DK-10-04 (see attached figure) and 2.5 km northwest of drill hole DK-10-06. Hole 08 was drilled vertically and may represent an extension of the Musley Deposit south into the basin and into a region that has not been drilled in the past. True widths of the potash zones are estimated to be very similar to drilled widths due to the flat-lying nature of the potash horizons. The zones of potash mineralization are outlined in the following table:
FROM (m) TO (m) WIDTH (m)* KCL (%)
164.30 168.40 4.10 24.60
Incl. 165.40 167.40 2.00 31.58
172.70 180.20 7.50 22.08
*Drilled width
Similar to previous holes, evaluation of the core suggests the upper intersection correlates with the Sylvinite Zone as defined by Parsons at the historic Musley Deposit. Similarly, the lower intersection, 6.7 m at 22.04% KCl, is dominated by kainite and appears to correspond to the Kainitite Zone in the Parsons stratigraphy.
Exploration drilling has resumed at the project and hole DK-11-11 has been completed to a depth of 164 metres. Drill rigs are currently working at holes DK-11-12 and 13 to evaluate the continuity of the potash mineralization between holes 08 and 04, and in the Haro concession respectively (see attached figure). Samples from Hole 11 are en route to Saskatoon for analysis and samples from Holes 9 and 10 are in the lab.
You can show up in a sweat suit. Makes no never mind. They are after your money not your outfit. Never did the Vancouver show but did the PDAC in Toronto for many years. It's worth going. Just don't get caught up in the promo. Usually very good speakers.
AAA top pick on BNN Andrew Cook Market Call tonight, bullish on AAA grades and tonnage.
(Thanks to sporky on SI - I didn't listen to it)
There you go:
stan@forbesmanhattan.com
BTW, good luck getting an answer
Thanks for reply.
Did you get the name of the person you spoke to?
Is anyone REALLY in touch with this company and if so, who is the "RIGHT" person to contact?
Just on BNN ... POT 12 months consensus target $175 (range $165 to $200).
Bodes well for ferts.
Ferts / AG in general have been getting a lot of headlines lately.
May explain some of the renewed interest.
Allana Potash Announces Positive Potash Mineralization at 110 Metres in Drill Hole DK-10-01
ccnm
TORONTO, ONTARIO--(Marketwire - July 13, 2010) - Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company") is pleased to announce that the additional evaluation and sampling of drill hole DK-10-01 has identified shallow potash mineralization. This mineralized zone in DK-10-01 returned 6.55 metres, from 110.80 metres to 117.35 metres (drilled width), of 17.65 % KCl highlighted by two metres (drilled width) of 19.94 % KCl from 114.15 metres to 116.15 metres.
Farhad Abasov, President and CEO, commented: "We are pleased to have identified potash mineralization in hole DK-10-01 and at even shallower depth than Holes 02 and 03. This was the first drill hole completed at Dallol in almost 40 years and the Allana team is gaining valuable information from this work. Preliminary study of the drill results from the first three holes indicates that the potash zone now covers an area approximately three km long by two km wide expanding the zone defined by Parsons drilling by approximately 20% and exceeds our expectations. I would like to thank our potash consultants and exploration team for their perseverance in identifying and additional sampling of Hole 1. Allana's management is very pleased with the progress of our exploration program so far. Drilling in the centre part of the basin is progressing and a second drill rig is due on site to expedite the additional 10,000 metre programme. The seismic program agreement is being finalized."
Previous sampling of prospective potash horizons in hole DK-10-01 returned low potash values. After further evaluation by the Allana geologists and consultants, a prospective potash horizon was identified at a depth of approximately 110 metres and sampled. This zone returned 6.55 metres of potash mineralization grading 17.65% KCl including a two metre section of 19.94% KCl and is interpreted to be the upper part of the Houston Formation. XRD analysis will need to be conducted in order to determine potash mineralogy of the horizon including magnesium content which currently ranges from 0.22 % to 17 %.
Interpretation and evaluation of the drill results from the northern and eastern extensions of the Musley Deposit on Allana ground is ongoing and the drill results are compiled in Table 1. A preliminary study indicates that the potash zone now covers an area approximately three km long by two km wide expanding the zone defined by Parsons drilling by approximately 20%. The three Allana drill holes in this area confirm the results of the historic Parsons drill holes for the upper portion of the Houston Formation.
Table 1
---------------------------------------------------------------
HOLE FROM (m) TO (m) WIDTH (m)(i) KCl (%)
---------------------------------------------------------------
---------------------------------------------------------------
DK-10-01 110.80 117.35 6.55 17.65
---------------------------------------------------------------
including 114.15 116.15 2.00 19.94
---------------------------------------------------------------
DK-10-02 150.10 155.65 5.50 25.80
---------------------------------------------------------------
including 150.10 152.10 2.00 34.80
---------------------------------------------------------------
DK-10-03 151.25 161.20 9.95 19.52
---------------------------------------------------------------
including 152.35 154.35 2.00 28.90
---------------------------------------------------------------
(i) Drilled Width
Diamond drilling is continuing on hole DK-10-04 in the centre part of the basin, south of the Crescent Carnallite Deposit. This hole, and proposed hole DK-10-05 located two km south of DK-10-04, are part of Allana's Phase I exploration program which is comprised of approximately 2,500 metres of diamond drilling and 2D and down-hole seismic surveys. Allana is also planning a Phase II programme with an additional 10,000 metres of drilling that is being designed to expand the potash resource and a second drill rig is due on site in the coming weeks.
About Allana Potash Corp.
Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia with NI 43-101-compliant Inferred Mineral Resource of over 100 million tonnes of potash mineralization (Sylvite and Kainite) with a composite grade of 20.8 % KCl (see News Release Sept. 17, 2008). Allana has approximately 117.7 million shares outstanding and trades on the TSX-Venture Exchange under the symbol "AAA".
Quality Control and Quality Assurance
Allana employees follow standard operating and quality assurance procedures intended to ensure that all sampling techniques and sample results meet international reporting standards. Procedures for handling core samples begin with securing the potash-bearing HQ-NQ-sized core at the drill site in plastic poly-tubing which is then thermally sealed. Core is placed in plastic core boxes and transported to Allana's camp for geological logging, geotechnical logging and photographing. Significant intervals are dry cut in half using a specially modified tungsten carbide bladed band-saw. Half core samples are then double bagged and thermally sealed prior to transporting to Addis Ababa by Allana personnel. In this initial phase, halite blanks are randomly inserted into the sample stream at a rate of 1 in 20 and sent for analysis with the core samples. The remaining core is re-sealed in plastic poly-tubing and the core boxes secured at Allana's exploration camp. Upon arrival in Addis Ababa core samples are stored at Allana's small warehouse facility and then taken to the Ethiopian Ministry of Mines & Energy where permission is obtained to export the samples. The bagged samples are then carefully packed into boxes and shipped via DHL to the Saskatchewan Research Council in Saskatoon. This sampling procedure was initiated by ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH, Allana's potash consulting firm, supervised by Allana's Ethiopian based Project Manager Jason Wilkinson, M.Sc., and periodically reviewed by Allana's Senior Vice President of Exploration, Peter J. MacLean, Ph.D., P. Geo.
Allana is utilizing SRC's Potash ICP Analysis package designed for multi-element analysis of potash samples. Upon arrival at SRC Geoanalytical Laboratories core samples are jaw crushed to 60 % @ -2mm and 100 g sub sample is split out using a riffler and transferred to vials. The subsample is pulverized to 90 % @ -106 microns using a puck and ring grinding mill to create a pulp. The grinding mills are cleaned between groups using Quintus quartz. The pulp is then transferred to a labelled plastic snap top vial. An aliquot of pulp is placed in a test-tube with 15 ml of 30 degrees C DI water. The sample is shaken. The soluble solution is then analyzed by ICP-OES. The method is suitable for the soluble analysis of commercial potash (Sylvite). The soluble solution is then analysed by ICP-MS. In addition samples are analysed for FeO (wt%), Br and Cl by MS, plus insolubles. SRC Geoanalytical Laboratories has been certified by the Standards Council of Canada (SCC) to conform to the requirements of ISO/IEC 17025:2005 (CAN-P-4E).
Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information presented in this release.
Forward-Looking Statement
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect and estimated timeline of the drilling and assay results on the Company, the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; and title disputes or claims; Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Allana Potash Corp.
Farhad Abasov
President and CEO
+1-416-309-2691
fabasov@allanapotash.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
Yes db7, still long with a fairly low cost base but less shares and willing to add if and when the "dust" settles.
db7: I didn't suggest a P&D. I simply pointed out that the Bharti group is a key player in AAA and it's IMHO always a good idea to get to know the key players in any company one invests in.
BTW, this isn't my first and not the only Bharti play I am presently involved with.
If you care to do some DD in order to form your own opinion, here is a pretty good place to start:
http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=5664133&ticker=CT:US&previousCapId=876624&previousTitle=Vast%20Exploration%20In
Happy Canada Day to all AAA'ers
What most of you are missing ...
This is a Bharti company which means all the TA or FA is worth a sack of beans.
Learn the Bharti method. Wash, rinse, repeat. Once you get it, you can make money.
You guys got it figured out ...
In 1923, Who Was:
1. President of the largest steel company?
2.. President of the largest gas company?
3. President of the New York stock Exchange?
4. Greatest wheat speculator?
5. President of the Bank of International Settlement?
6. Great Bear of Wall Street?
These men were considered some of the worlds most successful of their days..
Now, 80 years later, the history book asks us, if we know what ultimately became of them..
The Answers:
1. The president of the largest steel company.
Charles Schwab,
died a pauper.
2. The president of the largest gas company,
Edward Hopson,
went insane.
3. The president of the NYSE,
Richard Whitney,
was released from prison
to die at home.
4. The greatest wheat speculator,
Arthur Cooger,
died abroad, penniless.
5. The president of
the Bank of International Settlement,
shot himself.
6 The Great Bear of Wall Street,
Cosabee Livermore,
also committed suicide
However,
in that same year, 1923, the PGA Champion
and the winner of the most important golf tournament,
the US Open,
was
Gene Sarazen.
What became of him?
He played golf until he was 92,
died in 1999 at the age of 95.
He was financially secure
at the time of his death.
The Moral of this history?
F... work.
Play golf:
Now you know!!!
Allana Potash Clarifies Earlier Press Release
09:17 EDT Thursday, June 10, 2010
TORONTO, ONTARIO--(Marketwire - June 10, 2010) - Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company") would like to clarify certain elements of its press release from yesterday June 9, 2010 which it believes resulted in the unusual and unwarranted trading activity in the Company's common shares. Allana has engaged Meridian Drilling to complete 10,000 metres of additional drilling on its Ethiopian potash project. This drilling is in addition to the Phase I program (2500 m -3000 m) and has been part of the overall program announced by the company in its presentations and other public communications. The drilling will be done in conjunction with 2 D and down hole seismic surveys and is part of the Phase II drilling program designed to establish sufficient resource to support a feasibility study. A second drill rig and equipment capable of drilling to a depth of 800 metres are being mobilized out of the UK and the program will continue with two drill rigs to completion.
The Phase I drilling program is progressing on the project and hole DK-10-03 was recently completed to a depth of approximately 208 m. The drill rig is currently drilling hole DK-10-04 in the centre part of the basin. In this area, two Parsons drill holes intersected thick (approx. 45 m) zones of potash mineralization at a depth of approximately 650 metres. Hole DK-10-03 has been logged, sampled and the samples have been shipped to the lab for analyses.
In addition, Allana wishes to clarify the timing of the issuance of laboratory analyses for holes DK-10-01 and DK-10-02. The results of the analyses of DK-10-01 and DK-10-02 will be released as soon as the evaluations are completed which should be within a few days. Samples from DK-10-03 are only currently being shipped from Ethiopia to Saskatoon, and likely to arrive in the lab next week. The evaluation and analysis of DK-10-03 will take approximately two weeks from today and the Company will release the results as soon as they are available.
Farhad Abasov, President and CEO, commented: "Allana management has decided to issue this clarification in response to many inquiries received from our valued shareholders. We expect to release the assay results for Holes 1 and 2 early next week. The drill program is going full speed with the successful drilling of the fourth hole. We anticipate the samples from the third hole to arrive in the lab next week, and we will announce the results once they are received. The 10,000-meter program is a previously announced and planned phase II drilling program, and is a very positive development for the company as we are on track with our development program."
Why Beer Can Shortage Means Brazil Will Boost Rate (Update1)
June 08, 2010, 9:13 AM EDT
By Carla Simoes and Iuri Dantas
June 8 (Bloomberg) -- Brazil is running out of beer cans and farmers are leaving crops in the field as surging demand and Chinese-like growth leads to shortages in Latin America’s biggest economy.
Cia de Bebidas das Americas, the region’s largest brewer, had to import beer cans for the first time in its 125-year history after local supplies were exhausted. Acucar Guarani SA, the country’s third-biggest sugar producer by market value, left 10 percent of its crop sitting in the fields an extra 40 days because of a shortage of tires for its harvesters, even after the commodity hit a 29-year high in February.
“We had some machines standing by just waiting for tires,” said Jaime Stupiello, agricultural director for Acucar Guarani, in a June 1 phone interview from Sao Paulo. “We tried to buy directly from China, but they didn’t have tires for delivery either.”
The shortages are one result of economic growth forecast to quicken to 6.6 percent this year, the fastest pace in two decades. That expansion, in excess of the economy’s potential of 4.5 percent, is forcing central bank President Henrique Meirelles to raise interest rates to control inflation above the government’s target since January, said Elson Teles, chief economist at Maxima Asset Management SA in Rio de Janeiro.
The economy grew 9 percent in the first quarter from a year earlier, the fastest annual rate since 1995, the national statistics agency said today. The expansion beat the median forecast of 8.5 percent in a Bloomberg survey of 41 analysts.
Rate Futures
Yields on Brazil’s interest rate futures contract due January 2014 rose 5 basis points to 12.04 percent at 8:52 a.m. New York time. The January 2011 contract, the most trade on Sao Paulo’s BM&F exchange, rose 2 basis points to 10.98 percent.
The real gained 0.5 percent to 1.87 per U.S. dollar.
“National demand is growing at a Chinese pace,” said Teles in a telephone interview. “That’s why the central bank will keep raising the Selic and the Finance Ministry is trying to reduce pressure on the bank by cutting spending.”
Brazil’s gross domestic product may have expanded 8.5 percent on an annual basis in the first quarter, according to the median estimate in a Bloomberg survey of 41 analysts. Brazil reports first quarter GDP at 8 a.m. New York time. China’s GDP climbed 11.9 percent in the first quarter, the most in almost three years.
Inflation quickened to a 12-month high of 5.26 percent last month and may reach 5.64 percent this year, according to a central bank survey of about 100 economists published June 7. The government targets inflation of 4.5 percent.
‘Tightening Mood’
Brazilian policy makers became the first in Latin America to raise borrowing costs when they increased the benchmark interest rate to 9.5 percent in April from a record low of 8.75 percent. The bank will raise the rate another 0.75 percentage point June 9, according to 40 of 44 analysts surveyed by Bloomberg. Two analysts forecast a full percentage point increase while two see the bank raising by half a point.
Brazil’s economy is “overheating” and policy makers are in a “tightening mood,” Meirelles, 64, said in a June 4 interview with Bloomberg Television in Busan, South Korea. The government is cutting spending by 10 billion reais ($5.3 billion) to cool the economy before the interest rate increases take hold, Finance Minister Guido Mantega said May 13.
Across the nation, companies are struggling to keep up with demand that’s been rising as unemployment hovers near a record low 6.8 percent, salaries rise and the 30 million Brazilians who have left poverty since President Luiz Inacio Lula da Silva took office in 2003 increase spending. Retail sales rose 15.7 percent in March from a year earlier, the highest on record.
Beer Maker
Ambev, the maker of Antarctica and Brahma beers, has so far resisted passing on to consumers higher costs for freight and a tightening job market because of competitive pressures, said Nelson Jamel, the company’s financial director.
The company began importing cans after first quarter profit rose 3.9 percent to 1.65 billion reais, more than the 1.48 billion reais forecast in a Bloomberg survey. The company plans to double its annual investments to 2 billion reais to expand production, Jamel said.
“To keep growing we have to confront some good problems now,” Jamel, 38, said in a June 2 phone interview. “There are some cost pressures that come with meeting this demand.”
Truck Supplies
Delivery of heavy trucks is being delayed by up to 60 days, said Ricardo Pamplona, president of Gotemburgo Veiculos Ltda, a Volvo retailer with nine stores in northeastern Brazil, traditionally Brazil’s poorest region. Sales are up 40 percent so far this year and the company expects to sell 1,200 trucks by the end of December, 66 percent more than in 2009, he said, thanks to demand from civil construction, retail and agricultural users.
The truck shortage is pushing up the costs of shipping goods from the industrial heartland in Brazil’s southeast to other parts of the country, Sussumu Honda, head of the national supermarkets association, said in an interview.
In response to the shortages, Brazil reduced import tariffs on 16 products, including sardines, palm oil, beer cans and beer labels, over the past year, according to Trade Ministry figures.
Even with a financial crisis in Europe that will depress exports, the outlook for Brazil’s economy is “very positive,” Nouriel Roubini, the New York University professor who predicted the global financial crisis, said in a May 31 speech in Sao Paulo.
Roubini, 52, recommended that Brazilian policy makers take steps to limit the appreciation of the real, including the “judicious” use of capital controls. The currency has gained 4.4 percent against the dollar over the past 12 months.
Stronger Real
To be sure, the stronger real has made exports more expensive in dollar terms, and the economy could be hit by a fall in commodity prices, which are likely to decline over the next 6 months to 12 months because of a possible double-dip recession in Europe and a U.S. slowdown, Roubini said.
Exports account for 10 percent of Brazil’s GDP compared with about 33 percent for Chile and 17 percent for Argentina, meaning that any slowdown in Europe is unlikely to significantly impact growth, Bank of America said in a May 28 report.
“What makes Brazil unique is the strength of domestic demand,” said Neil Shearing, an emerging markets economist at Capital Economics Ltd., in a phone interview from London. “If this isn’t a V-shaped recovery, I don’t know what is.”
--Editors: Bill Faries, Joshua Goodman
To contact the reporters on this story: Carla Simoes in Brasilia at csimoes1@bloomberg.net; Iuri Dantas in Brasilia at idantas@bloomberg.net
To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net
Ethiopian elections ... Sounds like a done deal. Current "government" most likely in for another 5 years.
Bodes well for AAA.
http://www1.voanews.com/english/news/africa/Ethiopia-Election-Seen-Free-and-Fair-94707159.html
You may want to add a #3:
It's called a rotten / scary market. Many are raising cash. Some have to raise cash (margin calls). Micro caps are often the first ones to go out the door no matter how good the news or prospects are. The so much touted "flight to safety" ...
Allana Potash Reports Successful Initial Drilling Results Including A New Potash Zone
ccnm
TORONTO, ONTARIO--(Marketwire - May 18, 2010) - Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company"), is pleased to provide an update of its exploration activities on its Ethiopian Potash Project in the Danakhil Depression. Allana initiated its Phase 1 drill programme which consists of 7 holes and is designed to confirm historic drilling results, to confirm the accuracy of the previous resource and to potentially increase the resource.
Two holes (DK-10-01, 02) have been completed to date. These holes are situated at the north end of the Musley Deposit and were targeted to increase the resource east of historic drilling as well as confirm earlier drilling results.
Hole DK-10-01 intersected potash salts from 155 m - 160 m. Approximately 25 metres of clay and silt were intersected below the potash horizon and the hole was stopped at 185 metres. The preliminary results of DK-10-01 are consistent with management's expectations based on historical drilling completed by Parsons.
Drill hole DK-10-02 is collared approximately 800 m east of the Parsons drill holes and the projected target depth was 190 m. This hole intersected potash salts from 15-20 metres followed by intercalated sand and halite. This shallow horizon is not reported in the Parsons drilling and may represent an important new zone and therefore may increase the resource. A second potash interval was also intersected from 86 m to 106 m and the hole was stopped at 180 metres. While the target depth was not reached in this hole, the second potash interval intersected (86 m to 106 m) may represent the Houston Formation and its position higher up the hole may be due to a flattening of the dip of the stratigraphy and therefore management believes that the second potash interval is generally consistent with historical drilling completed by Parsons.
Core logging and sampling are ongoing and samples were shipped out of Ethiopia to the Saskatchewan Research Council last week. Results are expected within 2-3 weeks of arrival in Canada.
Farhad Abasov, President and CEO of Allana Potash, stated: "We are very pleased that the initial two holes seem to confirm the shallow depth of the potash beds and, in the case of the second hole, provides us with preliminary evidence of a potentially increased resource. We intend to report the assay results from the first two holes immediately after they are received and we also intend on accelerating the drill program by bringing in another drill rig. Allana is getting quotes on a seismic program that is planned to be launched as soon as seismic equipment can be mobilized."
In other developments, the Ethiopian government has announced positive news regarding new infrastructure projects in the country. After several years of actively seeking financial support for the development of a crucial transportation network, the Chinese Government has granted Ethiopia a multi-billion birr loan towards the construction of railway lines expected to stretch some 5,000 kilometers from Addis Ababa into the various regions of the country. Government officials have commented that it is economically viable to transport minerals by rail from the country's major mineral resource regions, including the Afar region which hosts Allana's potash project. Allana's project is specifically mentioned in the article and government officials have stated that the project is one on the main strategic projects of the country within the coming five years. A copy of the article is available at http://en.afrik.com/article17612.html.
About Allana Potash Corp.
Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia with NI 43-101-compliant Inferred Mineral Resource of over 100 million tonnes of potash mineralization (Sylvite and Kainite) with a composite grade of 20.8 % KCl (see News Release Sept. 17, 2008). Allana has approximately 115.3 million shares outstanding and trades on the TSX-Venture exchange under the symbol "AAA".
Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information presented in this release.
Bob: Hats off to you and this forum in general.
What a nice change to the usual crap. SH comes to mind.
Dundee Research Report:
http://research.dundeesecurities.com/Research/AAA051410.pdf