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First Tidal Acquisition Corp T.AAA


Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company is formed for the purpose of identification and evaluation of assets or businesses with a view to completing a qualifying transaction. The Company has not commenced any operations nor generated any revenue.


TSXV:AAA.P - Post by User

Post by Karmanowon Jun 29, 2011 5:09pm
701 Views
Post# 18781654

Fundamentally Speaking

Fundamentally SpeakingThe Chinese have just agreed to pay $70 per tonne more for potash...The Indians want it cheaper...Both countires are tired of the Russian and Canadian "Cartels"...so what to do?...dont ever think that Farhad is not talking at high levels regarding Allana's long term plans....it only makes sense. Farhad already told us that our potash is destined to go to China and India...but he has not told us if it will be going under a "long term Offtake Agreement"
The "Elephant in the Room" is still there...and by increasing our Capex to $900 million the expecation is that we will produce 2 million tonnes of KCL per year...that - $450 per tonne capex costs....the lowest in the world!
Securing the Capex Financing is always critical for a junior miner...wonder which junior miner is destined to secure the Debt Financing to move into production...?

                                                                    Per/Ton    Per/Year                Capex Mine Costs

Karnalyte (Wynyard Carnallite Project)  $744        2.0 tons/year          $1.49 billion dollars

Potash One (Legacy Project)                   $911        2.9 tons/year          $2.64 billion dollars

Western Potash (Milestone Project)      $991        2.5 tons /year         $2.47 billion dollars

MagIndustries (Kouilou Project)           $1059       1.2  tons/year          $1.27 billion dollars

BHP Billiton (Jansen Project) *              $1480        8.0   tons/year       $11.80 billion dollars

Agrium (Triton Project)                           $1750        2.0   tons/year         $3.50 billion dollars

Allana (Liberty Belle Project)                $900          1.0 tons/year              
.9 billion dollars
Allana (Liberty Belle Project)                $450*         2.0 tons/year              
.9 billion dollars

Farhad made it clear in his email response that Allana is on track and is moving forward with his Vision..
And do not worry about drill hole results from the east...Ercosplan stated that the Kainitite Layer extends across Allanas property...just not sure at what depth it will be found in the east?.
Maybe someone can post the level 2 end of day so all can see which houses were net buyers and which were net sellers today?...As I said before,there is no producing company that has a market cap of its annual earnings...

.....Fundamentally we are stronger than ever. So has nothing to do with the fundamentals. We are looking into this ridiculous sell-off. We started the process of moving the stock to TSX. The volatility is unacceptable. Looks like a lot of weak hands are getting shaken out at this point.
Thank you,
Farhad

Rick Mills recent comment could not be more true to support the fundamentals of Potash:
Unlike other resource plays, potash does not have a cycle. Demand is always going to be there, which makes potash an excellent play in a long-term agricultural commodities bull market. Potash markets are never disrupted by political interference. Food shortages will always trigger social and political instability, such as the riots in the Middle East and Africa. All governments fear a hungry populous.  (including China and India)



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