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Recent articles mentioning Allana Potash
December 21, 2012: Working with the land: Allana Potash Corp. introduces green practices in Ethiopia
http://potashworks.com/working-with-the-land-allana-potash-corp-introduces-green-practices-in-ethiopia/
December 18, 2012: Djibouti: Construction of Tadjourah Port Kicks Off
http://www.dredgingtoday.com/2012/12/18/djibouti-construction-of-tadjourah-port-kicks-off/
December, 17 2012: Djibouti launches Tadjoura Port construction
http://www.capitalethiopia.com/index.php?option=com_content&view=article&id=2142:djibouti-launches-tadjoura-port-construction&catid=35:capital&Itemid=27
December 14, 2012: Allana Potash’s Ethiopian Project Presents Enormous Potential in a High-Demand Market
http://editorial.equities.com/spotlight-companies/allana-potash-ethiopian-project-presents-enormous-potential-high-demand-market/
December 13, 2012: Ethiopia: Prime Minister Travels to Djibouti
http://allafrica.com/stories/201212130833.html
December 13, 2012: Allana Potash announces additional Water Resources from Nova Acquisition
http://proedgewire.com/potash-phosphate-intel/allana-potash-announces-additional-water-resources-from-nova-acquisition/
December 10, 2012: Ethiopia: from Famine to a leading Emerging Market in Three Decades
http://proedgewire.com/potash-phosphate-intel/ethiopia-from-famine-to-a-leading-emerging-market-in-three-decades/
December 3, 2012: Potash and Phosphate Month-in-Review: Fertilizers still in Demand despite Losses
http://proedgewire.com/potash-phosphate-intel/potash-and-phosphate-month-review-for-november-2012/
December 1, 2012: Richard Kelertas, Allana Potash Corp. - HiAlpha Mining Investment Conference 2012
Yes I do know who is R. Kelertas...
Apr 23, 2012
ALLANA POTASH ANNOUNCES APPOINTMENT OF RICHARD KELERTAS AS SENIOR VICE PRESIDENT, CORPORATE DEVELOPMENT AND PROVIDES UPDATE ON FEASIBILITY STUDY
For Immediate Release: April 23, 2012
ALLANA POTASH ANNOUNCES APPOINTMENT OF RICHARD KELERTAS AS SENIOR VICE PRESIDENT, CORPORATE DEVELOPMENT AND PROVIDES UPDATE ON FEASIBILITY STUDY
Toronto, Ontario, April 23, 2012 -- Allana Potash Corp. (TSX: AAA) (OTCQX: ALLRF) ("Allana" or the "Company"), is pleased to announce that effective May 1, 2012, Richard Kelertas will be appointed Senior Vice President, Corporate Development, of the Company.
Mr. Kelertas has been one of the most prominent investment analysts in Canada, ranked a "Top Gun" equity analyst by Brendan Woods International (BWI) for the past seven years and in 2010 one of only 14 analysts in Canada to be named a "Super Leaguer Analyst" by BWI. He was most recently a Vice President and Senior Financial Analyst at Dundee Capital Markets. Over the past 35 years, he has held various positions in corporate Canada, encompassing sales, marketing, corporate development, corporate banking and equity capital markets. For the past 25 years, he has been a top ranked equity analyst and has worked for various national and international firms. Mr. Kelertas graduated from the University of Toronto with two science degrees, including a Masters of Science degree.
Richard had been covering the junior potash sector for Dundee over the past several years and was also one of the first analysts on Bay Street to launch research coverage on Allana three years ago.
Farhad Abasov, President and CEO of Allana Potash commented, "We are delighted that Richard has joined Allana Potash. There are only a few people in the sector that know the Allana story and our project as well as Richard does. He has visited our project in Ethiopia and has a keen understanding of the tremendous importance of the Allana project for this part of Africa as well as the potash supply dynamics for all of Asia. As Allana is in the midst of preparing its bankable feasibility study and securing project financing, Richard's contribution to our potash project will be significant and timely."
Commenting on his appointment, Mr. Kelertas stated, "I have been an admirer of the management team of Allana Potash and their Dallol potash project for some time now. They are both world class assets which, I believe will provide significant returns to shareholders as well as to all stakeholders in the region. I am very excited to join this first-class global junior potash developer as it transitions to a low-cost producer."
In addition, the Company announces that a total of 300,000 stock options shall be granted to Mr. Kelertas on his appointment to the Company, in connection with the provisions of the Stock Option Plan of the Company. The options to be granted shall vest in eight equal installments over a period of two years subject to the regulatory hold period and the grant of options remains subject to the receipt of all required
No. Why?
Interview with Kalertas (Allana)
Richard Kelertas, Allana Potash Corp. - HiAlpha Mining Investment Conference 2012
December, 2012
Food Inflation: The Thanksgiving Pinch
by Ben Shepherd on November 19, 2012
With Thanksgiving quickly approaching, you’ve probably noticed that this year’s holiday dinner is costing quite a bit more than in previous years.
According to data released by the US Department of Labor last Thursday, food prices have risen 1.7 percent over the past year. That’s due in large part to this year’s historic drought, which severely damaged the corn and soybean crops. Because these crops are also used to feed livestock, the higher prices that resulted from their shortage have impacted the price of meat, poultry and dairy products.
Although the price of meat and poultry initially fell during the drought, hard-pressed farmers culled herds and flocks, which tightened supply. And now the seasonal spike in demand from the holidays is creating additional pricing pressure.
While holiday meals are a source of short-term demand, global population growth continues to fuel the long-term rise in demand for agricultural commodities. A number of global organizations, including the United Nations, project the global population will reach 9 billion by 2050.
In the short term, crop production has struggled to keep pace with emerging market demand, as the ranks of the middle class continue to swell in developing nations such as China, India and Brazil. That’s driving demand for staple foods, such as grains. Additionally, greater wealth in some formerly agrarian economies has boosted demand for diets rich in protein, which in turn puts further strain on the ability of food producers to accommodate demand.
Meanwhile, the US Federal Reserve is making its own contribution toward food price inflation. Under the leadership of Chairman Ben Bernanke, the Fed continues to pursue an inflationary monetary policy, keeping interest rates low and reportedly planning more bond purchases next month as part of the latest round of its so-called quantitative easing (QE3).
As long as unemployment remains above 7 percent, the Fed will likely keep buying at least $40 billion worth of bonds each month. Since the Fed has set no time limit on QE3, if those purchases were to go on for a full year, that’s $480 billion of cash added to the money supply.
While that monetary stimulus has prompted only mild inflation so far in the US, it has the potential to eventually weaken the US dollar and drive a bout of inflation. Unfortunately, food and energy prices tend to be extraordinarily sensitive to rising inflation.
But higher food prices wouldn’t just be a localized problem, thanks to the massive globalization of our food supply. If, like me, you enjoy fresh fruits and vegetables during the winter months, you’re likely buying products from a number of South American and Asian countries.
Although a spike in food prices is unlikely to have a great effect on the US–Americans only spend about 7 percent of their incomes on food–higher food prices have the potential to create serious problems in many parts of the world. In the Middle East, families allocate as much as half of their income to spending on food, while in some poorer parts of Africa, the average family can spend as much as 90 percent of its income on food. And while Asia fares relatively better on this front, families there still spend about a third of their income on food.
As a result of growing populations and potential weather disruptions, there are strong short-term and long-term factors driving higher global food prices.
That should benefit Market Vectors Agribusiness ETF (NYSE: MOO), whose portfolio holds 51 names, all of which derive at least 50 percent of their total revenues from agricultural products, equipment and chemicals, or the transportation of such products. In short, the fund offers exposure to all facets of the agriculture business.
Top holdings include Potash Corp of Saskatchewan (TSX: POT, NYSE: POT), which is a leading fertilizer supplier, as well as Monsanto (NYSE: MON) and Syngenta (NYSE: SYT), two of the world’s best known seed and chemical outfits. Other holdings, such as Deere & Co (NYSE: DE) and Kubota Corp (Japan: 6326), are leading manufacturers of agricultural equipment, such as tractors and irrigation systems.
Following the drought, MOO’s share price jumped from about $45 to more than $52 this past October. Since then, its price has pulled back slightly, as the market digested the impact of severe weather events on the global food supply.
The fund’s annual expense ratio is just 0.56 percent, which is relatively cheap for such broad exposure to the sector. More than 80 percent of the fund’s assets are allocated to large and supersized companies, lending it a great deal more stability than its small-cap peer IQ Global Agribusiness Small Cap ETF (NYSE: CROP), which has been gaining in popularity over the past year or so.
As farmers till more of their fields to take advantage of higher agricultural commodity prices and, as a result, buy better tractors and more fertilizer, look for Market Vectors Agribusiness to break out of its recent trading range and resume its move higher.
What’s New
No new exchange-traded products were launched last week.
http://www.investingdaily.com/15922/food-inflation-the-thanksgiving-pinch
HiAlpha® Mining Investment Conference
Agenda
http://www.hialphaevents.com/mining-agenda/
Allana bio
http://www.hialphaevents.com/mining-2012-presenting-companies-allana-potash/
Allana will make a presentation at this conference:
NEW YORK, Nov. 21, 2012 (GLOBE NEWSWIRE) -- Jason Hayes of the American Coal Council will give his perspective on President Obama's re-election and the future outlook of the coal industry in a special keynote presentation at the HiAlpha Mining Investment Conference, to be held at the JW Marriot Essex House in New York on November 28. Hayes will address the effects of the President's clean energy initiatives on the coal industry, and how the continuation of similar policies will affect related markets going forward.
"Coal stands as a critical commodity in today's economy," commented Ryan M. Brucato, Founder & Principal of RB Milestone Equities, "and the President's energy policies are of global significance to the financial world. We are pleased to present Mr. Hayes' expertise to our network of investors."
The HiAlpha Mining Investment Conference will host industry experts, up and coming exploration companies, and notable investors at the JW Marriot Essex House in New York on November 28. Industry leaders will discuss topics such as "The Precious Metals Outlook for 2012 & Beyond," "Monetary Armageddon and its Impact on Gold & Commodities," "The Uranium Renaissance – Latest Developments, Outlook & Demand," and "How Global Investor Demand Drives and Supports the Mining of Precious Metals."
Presenting companies include Colt Resources Inc. (TSX-V:GTP, OTCQX:COLTF), Northern Freegold Resources Ltd. (TSX-V:NFR, OTCQX:NFRGF), Afri-Can Marine Minerals (TSX-V:AFA), Noront Resources Ltd. (TSX-V:NOT), Excalibur Resources Ltd. (CNSX:XBR, X9CN.F), Ur-Energy (TSX:URE, NYSE:URG), UEX Corporation (TSX:UEX, OTC.BB:UEXCF), Energy Fuels Resources Inc. (TSX:EFR), U308 Corp. (TSX:UWE, OTCQX:UWEFF), Prophecy Coal Corp. (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2), Allana Potash (TSX:AAA), Virginia Energy Resources (TSX-V:VUI), China Carbon Graphite Inc. (OTC.BB:CHGI), and more.
To view the conference agenda and to register, visit:
http://www.hialphaevents.com/events/hialpha-mining-investment-conference/.
About HiAlpha® Events
HiAlpha Events is a division of RB Milestone Group which hosts a suite of high-end investment conferences globally that allows its investment community and issuers the opportunity to meet, confer, and exchange valuable insights and information. For more information please visit www.hialphaevents.com.
The HiAlpha Events logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15895
Aisling Keogh
HiAlpha(R) Events
(212) 661-0075 ext. 116
http://www.globenewswire.com/news-release/2012/11/21/506748/10013379/en/Jason-Hayes-of-the-American-Coal-Council-to-Deliver-Keynote-Presentation-at-the-HiAlpha-R-Mining-Investment-Conference.html
Ethiopia Working to Develop the Mining Sector
Wednesday, 21 November 2012 08:45
The Ethiopian Ministry of Mines is engaged in activities to ensure the development of mining and petroleum exploration investment in the country according to Sinknesh Ejjigu, Minister for Mines.
The MoM is undertaking activities to ensure that the sector grows in the current fiscal year she said in a quarterly report presented to the Natural Resource Development and Environmental Conservation Affairs Standing Committee of the House of Peoples' Representatives.
There are plans to conduct studies to better support and coordinate the development of traditional mining as well as to facilitate for large scale mining investment project said Sinknesh. A range of programs have already been launched towards building the capacity of traditional miners and to encourage others to engage in the sector allowing women and young people to be a part of the sector she added.
The ministry is also working on solving the issue of migration of skilled human power in the mines exploration and development sector in partnership with other stakeholders explained Sinknesh.
The Ministry must find means of retaining the skilled manpower it has said Dr. Kebede Kanchula, Chairperson for the Standing Committee.
Source: Ethiopian News Agency
http://www.2merkato.com/201211211811/ethiopia-working-to-develop-the-mining-sector
Allana has updated the photo section of their website
http://www.allanapotash.com/s/Photo_Gallery.asp
I'm from Canada... I was posting under jeremy_ and jbentham on Stockhouse.
Ethiopia's inflation is falling (good for when we will start to build a mine)
Ethiopia: A single digit inflation by all means
Posted on Wednesday, 14 November 2012 19:03
Ethiopia has recorded an impressive drop in its inflation rate from 19 percent in September to 15.8 per cent in October, after new Ethiopian Prime Minister Desalegn Hailemariam promised to slice inflation to a single digit.
In October, Hailemariam debunked a projection from the International Monetary Fund (IMF) and World Bank that Ethiopia's GDP would grow at 7 per cent in the 2012/2013 fiscal year, insisting that his government's 11 per cent forecast was achievable.
Shortly after taking over the helm of affairs in the East African country in September, Hailemariam argued that after "registering double digit economic growth for the past seven years" the country was capable of hitting its economic targets.
The new prime minister's arguments jarred with the failure of the National Bank of Ethiopia's (NBE) to reduce inflation to single digits by mid 2012. Year-on-year inflation edged up to 20.2 per cent in August, from 20.0 per cent a month earlier, following the rise of non-food inflation from 19 per cent in June to 19.8 per cent in July.
In June 2012 the Breton Woods institutions revised its growth forecast for Ethiopia down from 5.5 percent to 7 percent, despite a constant decline in inflation since July 2011 when it soared past 38 percent.
"Single digit-inflation projections in the plan appear unrealistic as long as there is a loose monetary policy and a heavy dependence on public-sector financing on bank credit continue," the IMF said in a statement in October 2011. It also urged Addis Ababa to review monetary restrictions that were driving up inflation.
Ethiopia has been steadfast in its determination to attain its set growth levels, set out in a five year Growth and Transformation Plan between 2010 and 2015. Desalegn said last month that his plan was to increase agricultural productivity in order to stabilise price hikes and "increase our savings and other measures to tackle the inflation".
The Ethiopian government says it lowered "inflation by subsidising oil and wheat" in its bid to stabilise inflationary pressures. The action saw a drop in inflation for an eighth consecutive month from 17.6 percent in September to 13.2 percent in October. The non-food inflation rate slowed to 20.1 percent.
The new rates follow projections made by the IMF in its World Economic Outlook in October 2012 that GDP in Sub-Saharan Africa would grow from 5.3 percent to 5.7 percent in 2013, as domestic demand, oil discoveries and investment rises.
Ethiopia is mainly supported by its coffee earnings, with gold, oilseed and livestock exports also contributing to the country's economy. The country in the horn of Africa has embarked on a multi-billion dollar energy sector development programme to become one of Africa's major exporters of electricity.
vstunt... I don't like dilution but it is a reality of the stock market. The issue with options/warrants is dilution and the increased of the flow of shares in circulation for trading. The fact is over the past 4 years, I think only 1 insider of Allana sold his shares and he is not anymore with the company. So, I don't expect these 2 insiders to dump their shares in the market anytime soon.
There are 300,000 more options at 14 cents that are likely to be exercised in the coming weeks (expiration date is December 7, 2012)(see p. 14 document below). As April 2012, Allana had 15,040,000 options and 7,403,910 warrants.
http://www.allanapotash.com/i/pdf/fs/AAAInterimFS-EndedApr30.2012&2011.pdf
Cheers
Jeremy
Our neighbor (Yara) in Ethiopia is hiring for their potash project (see below). The future looks good for the bassin. Do not be stress with the current SP. Things will look great after the financing.
http://www.yara.com/careers/vacant_positions/index.aspx?id=1587
Import Liaison / Logistics Officer
Location
Ethiopia / Addis Ababa
Job Type
Permanent
Work Hours
Application deadline
22/11/2012
Contacts
Edie Bosman
Ms
edie.bosman@yara.com
+27319105149
According to SEDI, 2 insiders of Allana exercised their options today:
Davies, Brianna Kirsten bought 100,000 shares at 14 cents
MacLean, Peter bought 200,000 shares at 14 cents
https://www.sedi.ca/
Expert Analysis
Andrea Rubakovic, Salman Partners (11/12/12) "We recently had the opportunity to visit Allana Potash Corp.'s Dallol potash property at the Danakil Depression in northern Ethiopia. . .as a result of the site visit, we are increasing our 12-month target price to CA$1.40 per share. . .key drivers for our increased target are 1) a better understanding of the Ethiopian government's support for companies such as Allana Potash. . .2) significant progress toward completion of the bankable feasibility study expected late this year or early next year and 3) extensive infrastructure work conducted in the area around the project. . .we believe that Ethiopia is a politically stable country with ambitious but well-defined growth plans. . .in our view, Allana Potash in particular stands to benefit by being one of the most advanced resource development companies in the country."
Steve Hansen, Raymond James (11/2/12) "We are increasing our target price for Allana Potash Corp. to $1.25 (previously $1) and upgrading our rating to Outperform, predicated upon our belief that many of the key technical risks facing Danakhil, while not entirely resolved, are rapidly being addressed. . .a large number of key milestones will transpire over the next six months and the company's risk-reward proposition has improved considerably. . .we came away from our Ethiopian tour with far greater confidence in Allana's ability to further advance its flagship Danakhil potash deposit toward production. . .it has set the stage for a favorable DFS report by year-end."
Andrea Rubakovic, Salman Partners (11/2/12) "Allana Potash Corp. closed the acquisition of Nova Potash yesterday, which holds a potash license adjacent to Allana's project in the Danakhil Depression in Ethiopia. . .we see this as a very strategic and positive acquisition for Allana. . .with this acquisition, in our view, the company will have the best access to a fresh water source of any potash developer in the Danakil basin, which we believe may put it in a preferred negotiating spot in case of any consolidation in the basin. We reiterate our Buy recommendation and CA$1.20 target price."
Andrea Rubakovic, Salman Partners (10/16/12) "This morning, Allana Potash Corp. provided an update on its ongoing feasibility study, on schedule to be completed by year-end 2012, on its 100%-owned Danakhil potash project in Ethiopia. . .holes intersected Sylvinite zone and the management remains confident that the drill results may add to all mineral resource categories and upgrade from Inferred to Measured and Indicated categories, previously estimated in April 2012. . .we reiterate our Buy recommendation and our 12-month target of CA$1.20/share."
Marc Robinson, Cormark Securities (9/6/12) "Acquiring Nova-Ethio Potash Corp. (Nova) with stock and limited upfront risk, allows Allana Potash Corp. to double its contiguous land position, potentially increase its Sylvinite resource by over 40% and materially increase critical water rights, all for just 21% dilution. . . with [our] target implying a near double from current levels, we reiterate a Speculative Buy recommendation. . .we expect the majority of gains to be realized over the back half of our 12-month time horizon."
Allana New Corporate Presentation
http://www.allanapotash.com/i/pdf/ppt/AAA-Corporate-Presentation-November-2012.pdf