Writings on the wall Boys and Girls
DON'T DELAY GET IT TODAY AS YOU HAVE ALL BEEN WARNED THE WINDOWS GETTING VERY SMALL...AND COULD BREAK OUT SOON... NOTHING BUT GOOD PRESS BY ANALYST MENTIONED IN THIS POST........GOOD LUCK TO ALL AND JONOFDUBIN I WANT THAT DRINK ITS BEEN WAY TO LONG.....LET THE PARTY BEGIN....
Allana Potash Corp.
TICKER: AAA:TSX; ALLRF:OTCQX
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Allana Potash is a Canadian company exploring and developing the previously explored Dallol Potash property in the Danakil Depression, Ethiopia. This depression had small-scale potash production in the 1920s and was extensively explored in the 1960s. The company has NI-43-… read more
Whats all the fuss about......These guys and gals get it and very soon the main streams going to get it and the boys and girls of the west are going to have to get it and pair dearly if they wait to long.....tic.. toc.. tic.. toc..
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Analysis
Jaret Anderson, Mackie Research (9/5/12) "Allana Potash Corp. announced it has agreed to acquire all outstanding shares of Nova-Ethio Potash (private), which holds a potash license in Ethiopia's Danakil potash basin adjacent to the company's land package to the southwest. . .Allana Potash's land position in the basin almost doubled, to 312 sq km, with the addition of the Nova license. . .the addition of the Nova license could add significantly to total water production in the basin and derisk the project."
Mike Plaster, Salman Partners (9/4/12) "Allana Potash Corp. has entered an agreement to acquire the private Nova-Ethio Potash Corp., which wholly owns potash licenses adjacent to Allana's property in the Danakhil Depression. . .the transaction is expected to close by Oct. 17, 2012, and is conditional on Nova maintaining $1.3M in cash and the confirmation that the license underlying the property has been renewed with the Ethiopian Ministry of Mines. . . we view this acquisition as beneficial for the development of the Danakhil potash project: we especially like that the majority of payment is contingent on realization of the preferred sylvinite resource. . .we also view the potential for access to additional water resource attained from this acquisition as especially significant in the Ethiopian desert."
Andrea Rubakovic, Salman Partners (9/4/12) "Allana Potash Corp. announced it has entered an agreement to acquire the private Nova-Ethio Potash Corporation, which wholly owns potash licenses adjacent to Allana's property in the Danakhil Depression in Ethiopia. . .we view this acquisition as beneficial for the development of the Danakhil potash project; we especially like that the all-share deal was conducted such that the majority of payment is contingent on realization of the preferred sylvinite resource, which provides potential for Allana to produce KCl from sylvinite only. . .we reiterate our Buy Rating and $1.20 target price."
Robert Winslow, National Bank Financial (9/4/12) "Allana Potash Corp. signed a definitive agreement to acquire Nova-Ethio Potash Corp. . .we view the proposed Nova acquisition as strategic and favorable, as it would further consolidate Ethiopia's potash basin and help secure additional water resource. . .we reiterate our $1.25 target and Outperform rating."
Steve Hansen, Raymond James (9/4/12) "Allana Potash Corp.'s Nova-Ethio Potash Corp. acquisition provides attractive scale and water access opportunities. . .we view the acquisition of Nova as a positive over time, providing Allana with: 1.) A sizeable increase in land, 2.) potential for resource expansion and production greater than the 1 Mmtpa outlined in the PEA (and our model) and 3.) Critical access to additional potential water resources."
Read About Allana's Ethiopia Property in a Resource Clips Interview with VP Jack Scott