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

First Tidal Acquisition Corp

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Comment by Karmanowon Dec 17, 2011 2:59am

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Post# 19331403

RE: RE: $300 / ton ok for AAA

madmax...Allana also has shallow drill hole results...similar to FED's. But, Ercosplan did not offer an "open pit" or "strip mining" option with our PEA. I would step back and assess how the market will respond "if" FED gets the same diagnosis = Solution Mine and 1 m tons of KCL per year?
Why would FED get an open pit and allana not??
The IFC does not "jump ships" once they have given their stamp of approval...they are here to assist with construction of our mine.
Liberty Metals is invested in Allana for the long haul...and they have offered support for mine construction.
I think Allana will not "merge" with any other company. Farhad has $50m in the bank..and we are bankrolled through our BFS next year...I think if they do anything...is to secure the Samarian Block to the east...under similar terms to our purchase of the Haro Block...(no money until we prove a resource)...remember...Samarian Block is just south of South Boulders very shallow drill results...and most likely Open Pitt Mine.
I disagree with you on "anymore financial backing"...as I think that BNP will have something for us in the first quarter of 2012 as stated at the AGM a few weeks ago...The financial backers do not call the shots...part of their investment is because of the leadership from Farhad and his team...the have done their DD and agree with his vision and goals for Allana.
Glad you own AAA...next 90 days should be very interesting for us. I will not own a company that can not withstand a credit crunch or survive the predicted recession in 2012 or 2013...
Share dilution at these levels is not a good thing for shareholders under any terms...and I am not sure how much FED will have to raise to complete a Bankable Feasibility Study?
Good Luck to all in the basin...the Mining God...BHP will determine who merges with whom...and at the end of the day..they will merge the parts of the basin they want...time will tell all.
Karma
ALLLANA SHALLOW DRILL RESULTS:

DK-10-1 111-117 6.6m

DK-10-2 151-161 9.9m

DK-10-3 151-154 2.0m

DK-10-7 136-145 9.2m

DK-10-8 164-168 4.1m

DK-10-11 115-119 3.4m

DK-10-11 125-132 7.3m

DK-10-27 159-163 3.4m

DK-10-24 135-138 2.8m

DK-10-24 143-149 6.3m

DK-10-25 101-105 5.5m

DK-10-25 113-119 5.9m