Allana Potash fka AAA

[motohoude]

Was in Toronto friday morning and saw Farhad

He did a presentation on AAA at a money show conf. There was nothing new for those who actively follow this stock and where it's at. Did not talk about Argentina, mainly sailed through the main core of presentation. Have 58M in the bank, should last til end of 2012, working on raising capital for construction if the FS and all others line up as expected. Expects first batch of production to roll out end early 2014.
A few guys complained about the stock drop, he really had no explanation for it. I asked whether BHP or any other signalled interest in acquiring AAA...he smiled, as expected, and just said that he was in liaison with many agencies.
Asked him personally after show about the steady decline since the RE came out, treaded carefully saying perhaps investors planned to sell after the RE no matter the outcome.
Overall very informative, and I was glad to meet him in person.

Obviously a 7% price drop, more than twice the TSX index drop, did not help in closing the day on a semi-positive note.....
Jean