Allana Potash fka AAA

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Globe says Dundee's Kelertas rates Allana Potash "buy"

2010-07-09 06:59 ET - In the News
Shares issued 96,532,390
AAA Close 2010-07-08 C$ 0.34

The Globe and Mail reports in its Friday, July 9, edition that Allana Potash jumped half a cent to finish Thursday on the TSX Venture Exchange at 34 cents. The Globe's Shirley Won writes in the Eye On Equities column that Allana Potash stock has a 52-week range of 13.5 cents to 60 cents. Dundee Securities analyst Richard Kelertas says Allana Potash is "the cheapest of all the global junior potash plays on a price to net asset value basis." Mr. Kelertas says the Ethiopian government supports the project and Allana has secured a strategic partner. The Dundee stockpicker rates Allana "buy." He gives it a one-year target of $1.