POTASH PLAYS

[Max Power]

DD on ALLANA RESOURCES (AAA.V/ALLRF)

Spoke to the CEO this past week.

Private Placement was restricted for 4 months. That was up on Sept 21 so he believes we have seen most of the selling from that completed.

ALLRF- He is going to look into including the symbol is PR's. He also said they will definitely revisit the issue of uplisting their american symbol. (ala cvv.v cvvuf)


The reason for the renegotiation of 'enhanced terms' is that they received more interest from other Chinese companies. (at least 2) The enhanced terms will be a drop from 70% ownership or that the Chinese will be responsible for 100% of all costs for the mine startup.

31st of October is still the day they are pushing for, although this may be delayed due to the additional companies in the picture.

I asked him about the wellington management report that pegged them at 50 cents in the short term and 2.50 over the next 3-5 years and he stated that it was very conservative.

I asked him about a buy out. He stated they are way too early in the process and wouldn't get fair value at this point.

The CEO feels that ALLANA will be the lowest cost and fasted to production in the world.

1/2 the start up cost. 700-800 million for a one million ton setup vs 1.5 billion in Canada.

1/2 the production cost. 60 dollars per ton vs 120 dollars a ton.

and with the additional interest from chinese firms the position that ALLANA has will only improve.

there you have it