RE: Huge buyers Using the past as a guide, you can expect the stock will explode to the upside in a short time frame after the financing closes. Just recall what happened after the March 1st 2011 closing:
https://www.allanapotash.com/s/News.asp?ReportID=445032
Announcement on Feb 3rd 2011:
Feb 3rd 2011 closing price = $1.83
of note, the stock did hit a low of $1.55 on Feb 3rd but closed at $1.83 the same day.
Deal closed on March 1st:
March 1st 2011 closing = $1.68
One month later:
April 6th 2011 closing = $2.05
Now realize that this stock will be over $1 in short time after financing closes or even before. You need to accumulate your shares now while it's still in the 80s. A month after closing, you can expect the stock to be around $1.5 then in another month or 2 back at $2 thanks to the brokerage houses. I think Farhad will lean heavily on these brokerage houses to then take the stock to $2.5 level after feasibility study is out. A major financing will then be done at $2.50 for $200 million (80 million shares at $2.5). At the same time they can get the debt financing for the other $500 million to build the mine from off take partners (most likely Indians or Chinese) and a bank.
As you can see, this financing was indeed done for "strategics" like Farhad said. One of the "strategic" being that these same brokerage houses will help get the stock price much higher in couple months to allow Allana to do higher financing. Just use the past as a guide as to how the stock reacted after the financing was closed.