Allana Potash fka AAA

[ertwo]

ICL is busy with expansion in Spain (see August 7 transcript page 5 and 13) They will add 1Mt/y of MOP for half of the CAPEX cost.

Their licence in Dead Sea will expire in 2030, until then business as usual.

The posturing with Israel gov. and Sheshinski committee will be over by the next election and ICL will be back.

ICL was quite clear (p. 4) that they are not interested in the current plans for Danakil. Farhad explained at the shareholders meeting that ICL wants to go for 2M off the bat. I found this explanation a bit odd, but hey it might be the case.

Result - ICL will not do anything for at least a year.

Yara is busy with the merger and will definitely not do anything for at least a year.

And here is the kicker: Allana will be insolvent in a year time.


Here is the link to the transcript

file:///S:/Downloads/investment/Allana%20Final_locked%20(1).pdf

Now, the question is, what to do to prevent the insolvency?