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.

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First Tidal Acquisition Corp

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Post by sdomaeon Apr 21, 2013 9:59am

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Post# 21281758

Ethiopotash-Yara

In May last year Yara increased it's stake in Ethiopotash by 34% bringing their stake up to 51% .It cost them about USD$33M for that transaction. It essentially values Ethiopotash's project at about USD$100M.

Allana by comparison has a market cap of about the same. We've got a he ll of a lot more land and going by available public information we are much farther ahead in understanding what we have in the ground. I'm not saying that what we have is better than what Yara has as they might be in the honey spot. A good chunk of our land appears to be of little value. Holes are too deep or percentages too low to make it economic to mine certain areas. But we must still be worth more than Ethiopotash.

Anyway, in the end it will be financing that matters. In the meantime if the mining license is not granted by July we can expect to see another dip in share price. Management has put out the expectation that the license will be granted in Q2. I think they are dreaming. I hope I am wrong because none of us want to be looking at a 25penny share price. Do we?

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Highlights and actions 2012

In 2012 Yara added new production capacity, entered agreements for expansions and engaged in global dialogue and partnerships, creating value and creating impact. In 2013 Yara will start construction – and see completion – of a number of expansion projects, continue its partnership engagements and leverage its innovation capabilities.

WHAT WE DID:

February

Yara acquired an additional 16% of Burrup Holdings Ltd., increasing its ownership to 51% equity interest.

March

Yara agreed to form joint ventures with Orica and Apache to build a 330,000 tons p.a. technical ammonium nitrate (TAN) plant at Burrup, Australia.

April

Yara agreed to make a strategic investment of approximately CAD 40 million in IC Potash Corp., with an off-take agreement for 30% of ICP’s Ochoa project.

May

Yara acquired an additional 34.33% of Ethiopotash BV at NOK 177 million, developing a potash resource in Dallol, increasing its ownership to 51%.

Yara CEO Jørgen Ole Haslestad represented the private sector when President Barack Obama launched the New Alliance for Food Security and Nutrition.

June
Yara Board of Directors approved expansions at the company’s Belle Plaine (Canada) and Porsgrunn (Norway) facilities, adding a combined volume of 1.3 million tons.

August

Yara JV Qafco completed its Qafco 5 and 6 expansions, increasing urea capacity to approximately 5.5 million tons p.a.

Yara JV Lifeco restarted one of its ammonia lines at its Marsa el Brega plant after a closure since February 2011 due to the unrest in Libya.

September

Yara’s Prize for an African Green Revolution was awarded to Dr. Eleni Gabre-Madhin of Ethiopia and Dr. Agnes Kalibata of Rwanda, .

October

Yara regained 100% ownership of the Vlaardingen specialtyfertilizer plant in the Netherlands following the dissolving of a JV with ICL and SQM.

November

Yara co-sponsored the Sahara Forest Project pilot facility outside Doha, which hosted VIP guests at a soft launch in conjunction with the COP18 in Qatar.

December

Yara entered into an agreement to acquire Bunge’s fertilizer business in Brazil, at a cost of USD 750 million, building further scale in the growing Brazilian market, .

WHAT WE DO 2013

Construction of the new 850,000 tons blending facility and 120,000 tons warehouse in São Paulo, Brazil starts in January.
The bidding phase for the engineering and construction of the 1.3 million tons p.a. expansion at Belle Plaine is expected to conclude during the first half of 2013.
Construction of the new 17,500 cubic meter storage tank for AdBlue at Yara Sluiskil, the Netherlands, is completed in February
.
Construction of the new 330,000 tons Yara Pilbara Nitrates facility, Western Australia commences in March, for completion in 2015.
The acquisition of Bunge’s fertilizer operation in Brazil is expected to be completed, given the necessary approvals, during 2013.
The new Yara fertilizer terminal in Dar es Salaam, Tanzania is being constructed and expected to be operational at the end of the year.
Investments in the Porsgrunn facility in Norway continue from 2012, gradually increasing NPK capacity by 300,000 tons by completion in 2014.
Yara’s new power-brand YaraRega, a semi-soluble NPK solution, is introduced in new markets and rolled out throughout the year.
Energy improvements continue at the Tringen I JV plant in Trinidad, targeting a 12% reduction in energy consumption while adding about 26,000 tons to annual capacity, by 2014.
Yara engages in the African Green Revolution, both through policy processes and partnerships, including as co-chair of Grow Africa.
Yara’s partnership engagements continue, looking into potential rice value chains in Burkina Faso and Ghana
.
Yara’s pursues its ambition to be the market shaper with existing and new solutions for a water scarce world agriculture.
The Yara Prize for an African Green Revolution is awarded in September, with a specific focus on young innovators and entrepreneurs.