Replies to post #11350 on Allana Potash fka AAA

[ertwo]

RE:More notes from another person who attended the meeting
I am a little confused by the notes..

one thing is that did they state that ICL will not be investing any more? or having a hand in operations?

The financing points are the alternatives reportedly considered at this moment. So it is possible that ICL will stay only as investor at current level (that would require CC co involvement, or at increased level (addtional 60M) with the equity participation from existing shareholders, or buy Allana out. The main point is that there is at least one NON-ICL alternative eg. CC company


The second is yara is no longer wanting to be in ethiopia?

That's a good question. I was quite surprised with this comment. Maybe Yara would be interested in an off-take on SOP and let an other party to the labour? Yara in general is short of potash, so it would make sense to secure the supply. We shall see.


thanks

Read more at http://www.stockhouse.com/companies/bullboard/t.aaa/allana-potash-corp#r8DQsWOzbUvEFI6R.99

[justin_a_lyesse]

The ROFR would only be triggered should Allana ACCEPT a take-over bid from another entity. In that case the accepted bid could be matched by ICL, and Allana would have accept ICLs bid if no other/ higher bid was made. This just protects ICL in a bidding war situation as ICL would not have to out-bid the competition. The ROFR is non binding, so they wouldn't HAVE to match another bidder, they just have the right to purchase Allana at the same price if they so choose.