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Re: None

Monday, 01/05/2015 12:09:31 AM

Monday, January 05, 2015 12:09:31 AM

Post# of 12338
Excelent responses to the incessant bashing / fear mongering on another Allana bullboard site

1. what has Betty done...........retired name attached to Allana that cost shareholders dilution.

Response: Betty has a skill set that is unique and valued and knows the right people in the industry. Like I said great people are needed to make a great company. The fact that she retired from POT doesn't make her skills any less valuable. She continues to consult and is a leading expert and top woman executive.

2. Markets did not like the ICL deal....yet to see any reward from this gift they got for 25 million.

Response: The ICL deal was a turning point for Allana. The deal secured a potash major. No other potash junior has been able to do this. 100% offtake with 80% take or Pay is assurance for the financial institutions that the project will have cash flow in a tight MOP market. The market as you refer to is waiting for the further testing of the aquifer and large cavern testing to complete the financing requirements. After financing comes through I believe we will see significant investment by institutions and the market IMO.

3. as of yet, no construction permit in hand...AMEC needs to speed up process so Allana can get issued one by MOM.

Response: MOM will not delay the mine development IMO. Ethiopia needs the potash for revenue. With this much development and support by the Ethiopian government, I see this as a false objection. AMEC will come through in Q1 2015 as planned. Read the press release. Quote - "This work will be undertaken primarily by AMEC's Saskatoon office and is estimated to take approximately six months to complete."

www.stockhouse.com/news/press-releases/2014/08/12/allana-potash-engages-amec-to-complete-front-end-engineering-and-design-studies#4QSw76eWeA0Jji3x.99

4. PEA only.....Yara PEA 1 billion.

Reponse: Yes PEA only, but much of the information has been shared by YARA according to Farhad. See timelines. Feasability Q1-2015-Q1-2016. MOP first then SOP. Will they spin off the SOP to the CHinese or another company or will ICL take the SOP due to the very high projected profit value?



5.How much more info needed through technical department to please lenders??? How much longer?

Response: According to Farhad at the technical update and the Financial Post update (See link) The two areas the financial institutions wanted to see was the water testing (recharge rate), and the large scale cavern testing. Note in the last update Farhad commented they started the SOP leaching study with well SW3.

business.financialpost.com/2014/12/04/allana-potash-developing-low-cost-potash-for-emerging-markets-in-africa/


6.Will they be able to secure financing by Q1 2015 or will this just get pushed to Q2 2015 like they have done in the past...........Also, will ICL commit more monies or will they walk away with no more financial obligations but an awesome off-take agreement for MOP in their hands..

Response: I see this as a clear fear post as we know clearly that the delay was due to the additional testing for the water and mine cavern. ICL's key operational staff have been working with Allana to optimize the mining process. The last update has been Q4-2014 to Q1-2015. It has not changed

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