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Re: Ogi1 post# 11752

Saturday, 01/31/2015 6:05:22 PM

Saturday, January 31, 2015 6:05:22 PM

Post# of 12338
Ogi, Farhad said during the AGM that the FEED study was suspended as they are awaiting the PEA on SOP. Why continue with a FEED for the MOP only when they will have a good idea if the SOP is economic and then the FEED study can continue, taking the SOP situation into consideration. This is a money saving move. Did you know that Farhad and all the execs are taking a 30% pay decrease? I'll bet you didn't. You would have known that if you were at the AGM.

Ogi, you sound very impatient and seem to believe that everything is designed to delay the project. This is not the case. In fact, all these delays are there because the project is moving along and these things need to be done. Allana is one of the few projects in Ethiopia which has actually been doing all the necessary work to get to the point of building a mine. Where is Ethiopian Potash (FED) now? Gone. You said your investment horizon was 5 years. Please be patient and you will be rewarded. Someday you will thank me.

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