CEO has stated he's not interested in dilution at the current PPS.
AAA plans to become a producer by 2014, so IMO negotiations to secure the necessary funding (off-takes) are well advanced and could be announced with the release of the FS or very soon thereafter. Potash has been taking in in the ash since its 2009 peak, but people need to eat and the sector will have its day again. When it does, AAA will easily exceed its previous highs of $2 +.
The project has a lot of support from the international community and the Ethiopian government with infrastructure projects underway to move and ship potash from Africa to India and China.
I missed the early load-up on MMT because of the NIgerian fear factor.
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