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What ever you say Blair. After all it is your money.
"...Please this mine will not die, there is too many that would want it to succeed , as they need the end product domestically..."
Even this may be correct. But before this mine is up and running AMY will be dead and a new entity with new shareholders will try to succeed.
AMY cannot get the money with the current PFS numbers and the current world economic environment.
"...Gharma of all posters understands the #'s...."
There is no financier who would finance this project. Period. It will go nowhere.
"....Do you think CWRN would regularly be putting out PR's about ownership of somebody elses mine-no the real owner would seek an injunction to protect itself...."
The owner of the mine is the private group of investors, mostly Mexican, led by Bob and Sharon and their relatives.
Bob also owns CWRN and used it as a financial vehicle (to scam its shareholders) to get Mina Guadelope up and running.
Mexicans would not take him on board, if he did not come with the cash to start the operation.
Rest assured, that CWRN and it shareholders will not see a penny here.
Here is the proclamation:
TORONTO, ONTARIO--(Marketwire -04/16/12)- ALLANA POTASH CORP. ("Allana", or the "Company") (TSX: AAA.TO - News) is pleased to announce its intention to make a Normal Course Issuer Bid ("NCIB"), subject to TSX ("Exchange") approval, to buy back its common shares through the facilities of the Exchange.
The maximum number of common shares that may be purchased for cancellation pursuant to the NCIB is that number of common shares that represents 10% of the common shares in the public float. Based on the 193,148,621 common shares in the public float as at April 16, 2012, the maximum number of shares would be 19,314,862. Allana notes that the number of its shares in the public float is less than the 228,536,024 issued and outstanding Allana common shares as of April 16, 2012, because the public float number does not include common shares held by Allana insiders. Daily purchases will be limited to 410,463 common shares other than block purchase exceptions. The actual number of common shares that would be purchased, if any, and the timing of such purchases will be determined by Allana considering market conditions, stock prices, its cash position, and other factors.
I'd say that Allana started share buyback today. By their own proclamation Allana is allowed to do 400k of shares a day.
I guess we will see some next week again.
At any rate, I am fully in again.
GLTA and JMHO
Yeah right. One cannot lose here. How low it can go from here anyway? Another US$0.0015?
Besides, you can sell all your shares at 15 cents to this Florida outfit. Their offer is still on the table. (Check the checkered history of CWRN)
It is my understanding however, that its principals may have been put in jail for fraud. Dammed FBI!!! They might testify in Bob's case too.
"...Rather there is this convoluted structure regarding the Cotton's owning the interest in PA Mexico via the LLC, but in trust for CRWN? Why?...."
The answer is: "elementary dear Watson."
Rich is doing his job:
[i]Currently, Africa uses around 400,000 tonnes of potash annually. However, rising agricultural activity on the continent over the next 10 years will translate into an absolute explosion in potash demand in the coming years, said Richard Kelertas, senior vice president of corporate development at Allana Potash (TSX:AAA,OTCQX:ALLRF), which is developing its Dallol potash project in Ethiopia. Allana has targeted production at Dallol for the second half of 2014, with a planned initial capacity of 1 million tonnes of MOP per year.
“Our estimation is that Africa is going to be using anywhere from 1 to 2 million tonnes of potash annually over the next five years and 4 to 6 million tonnes over the next 25 years. The region could be one of the biggest potash users outside of North America and Europe, perhaps even reaching the same level as India and China,” Kelertas told Potash Investing News.
You can LYAO as you please.
if you take into consideration the reverse splits Bob has performed, the share price dropped from over US$500/sh to US$0.0015/sh, so for all practical purposes, CWRN has already disappeared.
Panamerican Minerals Ventures S.A. de C.V "Mina Guadalupe" in Ensenada,under contract and held in trust for/with CWRN (private company created to comply with Mexican mining laws)
This is bull.
Bob and Sharon own Pan Am.
CWRN does not own Pan Am..
CWRN will disappear soon. I am surprised that it has not disappear yet. It has fulfilled its purpose to suck money from investors and allow Bob and Sharon to build Pan Am for themselves.
`...Pan Am is owned by CWRN,and whatever Pan Am has/owns,also belongs to CWRN....`
Is it really?
(yeah right)
Bao may, or may not be interested in mina Guadelope, but it has nothing to do with CWRN, period.
Still seeking the proof that CWRN is a fraud?
Molycor is a toast.
The PEA indicate very low IRR mostly because of the ore grade being too low. There are many more and better magnesium deposits around the world.
It looks like The Dundee's pump is working. No complaint here.
Good. Thks
I got a bit spooked when Larry started takling about exploration of some REE property they have in BC.
He knows bugger all about it, it is distraction, and on top, REE's are already dead, except couple of co's like GWG and MCP.
message to AMY management:
Stop wasting time and money and concentrate on Artillery Peak
Stop feeding us with nonsense and provide updated on Environmental study, PEA, BFS, business execution, financing, meetings with the locals etc.
(concerned shareholder)
Reductio ad absurdum (Latin: "reduction to the absurd") is a form of argument in which a proposition is disproven by following its implications logically to an absurd consequence.[1]
A common type of reductio ad absurdum is proof by contradiction (also called indirect proof), where a proposition is proved true by proving that it is impossible for it to be false. That is to say, if A being false implies that B must also be false and it is known that B is true, then A cannot be false and therefore A is true.
You will have to do your own research. At any rate, it is suspicious that AMY put this article demonstrating vasteful governmental spending on so called research, on it website.
With this type of PR's AMY management is losing my respect.
The quoted article is nothing but evidence of governmental stupidity.
They will fund anything and everything
Finall they are getting to their senses:
The Company would also like to announce the cessation of the option agreement with Great Western Minerals regarding the True Blue Rare Earth Element property. After completing $900,000 of exploration expenditures GWG has notified the Company that they no longer wish to continue with the Option; consequently the project was returned to the Company portfolio in August 2011. During the term of the Option, GWG implemented a three-fold size increase to the property, completed airborne geophysics,and completed an extensive ground geochemical sampling program. True North will review the newly acquired data and assess the need for future exploration on this property.
GWG has one big disadvantage and it is shortage of cash.
Nice pump. I hope it works. and regarding the 20 cent possibility, I would be buying more at that time.
I like this Co from many aspects and angles, too many to name on Sunday morning.
Cheers to all AMY-neers, we will get rich (not quick but soon)
Let's hope so.
You might check the video on the top of this page before you do that (it might a great idea, but it would not help CWRN...)
I have quite a holding of this stock but I do not like the look of the chart....
If there is a further problem with Europe we can go to 20cents...
That just shows that government will fund any stupidity and nonsense
Do not put any faith in this.
Neither have I.
Weird, ain't it?
Allana got between 10 most active stosks on TSX today
maybe NEO could partner with GWG:
http://www.theglobeandmail.com/globe-investor/news-sources/?date=20111110&archive=cnw&slug=C4403
Over 1M of shares traded on canadian side in the first hour,
and 4% up.
I looks like a good day today....
"This is":
"...You have brought this up many times over last yr. ..."
P.S.: where is "Caveat Emptor" sign? Who removed in from the board?
Yep, and it is still the case.
Where is Pesquero? Is he still around?
"....There are a lot of people here who say they are waiting to be paid for their services/supplies either by CWRN, Pan Am or by the several parties who are direct beneficiaries of the LC from the Chinese buyer.
As an example, the Concession owner, who has a "direct claim" against the LC proceeds (i.e; straight from the bank)to cover his Royalty split, owes several people money in town and is telling them the LC hasn't been paid yet.
Same exact story with the truckers....".
So, what is CWRN's cut from the mine cash flow again?
(when it actually materializes, that is)
This is from May 2011. GWG definitely has a history of dilluting:
If Byron Capital's $3.50 (Canadian?) comes to pass I don't think any of us will notice the small dilution.
I certainly wish Byron best of luck in realizing that pps.
It will benefit all of us equally.
Bill
This guy knows his stuff. Worth reading on MCP board.
Update:
DOE Loan (MCP dropped out, but per as per above, no longer needed due to convertible notes).
Sumitomo deal: Nope.
Hitachi Magnets Deal: Nope. When Smith announced the cessation of talks on a JV with Hitachi back in August, he said that they were far along in talks with potential magnet partners.
As of Q3 earnings slide p. 34 , you know what now passes for one of the "2011 Operational Milestones", not actually getting a magnets JV agreement, merely "Continue exploration of downstream JV or acquisition opportunities". So they can consider it a success if they merely explore opportunities, not actually get an agreement.
You have point here.
I think that it will go below 0.002 at which time I might be interested (so I am a "special interest guy")
I liked the "buy out offer" most. That was a real hattrick. I must give it to Bob he is a real piece of art.
This is like 2 years old and it is based in Bob's filing. Geological survey would not go out and check it.
Oh thank you on behalf of everybody. You uncovered me!
I am a "special interest guy".
I also own AAA and AMY and I post there once in a while (and godness gratious, even negative stuff!!!)