RE: Potential oversupply of Potashvery interesting interview you posted with the CEO of WPX...he sheds some light on what I think Allana shareholders should be aware of as well...it will all play out in due course for AAA...one step at a time...
Wonder how much potash Africa is going to need in the coming years and whether it will come from Sask. or Ethiopia?
Early days...the best is yet to come
Karma
Rick: Some people think the Milestone project is too big for a junior and it needs to be in the hands of a major mining company.
Pat: Well that could happen. Somebody could come in tomorrow and offer $2.50 a share. For a lot of investors that’s a pretty good win. But they forget that if they were to hold on and stick around till we’re valued on earnings the stock would be valued at 10 or 20 times what it trades today.
Pat: What big businesses are looking for is a return, they would like to buy us at the lowest price possible. What we’re trying to do internally is to find a partner(s) that’s going to help us and leave our shareholders with a large or a significant portion of the shares so that we can benefit from that uplift, from the value creation being a producer gives us.
Pat: My biggest fear has nothing to do with the project itself, whether it’s a good project or whether it has the right grades, it’s nothing like that. My biggest fear is that we’re going to get people out there realizing how great this project is and they’re going to try and buy it from us or from the market.
Rick: Africa’s got a billion people. They’ve got a middle class that could be approaching 300 million, they’re going to be climbing the protein ladder. You get this picture of drought and famine in some African countries, that’s a tragic picture but it’s not the whole picture. A lot of African countries have better incomes than Indians and their stock markets, their GDP, are growing much faster than India’s and China’s.