TSXV:AAA.P - Post by User
Comment by
Ethanbrodieon Jun 20, 2013 11:43pm
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Post# 21552774
RE: As posted by Klama...
RE: As posted by Klama... I think it is important to note:
This definately helped the shareprice today. This is VERY positive. I should also express that it is not "in the bank" yet and this is just one of many development banks that are looking at the project and are excited because of the economics, its part of the fastest growing nation in africa, and the economics of the project. Not to mention the government that keeps making the mining sector more friendly (with the 25% suggestion from 35% income tax), I have known many african people here in canada, and I can tell you from personal experience that African people are extremely proud of their country (not saying we are not for our own) but what i'm saying is that they would definately look at a project in Africa much more favorably, especially how good Allana has treated their people. They respect that ALOT. I also think that the reduction of the income tax is a final nail in the coffin strategy to tip the scale for other people looking at investing in the country. I also want to stress that the 600 mil they said will want to finance DOES NOT necessarily mean all of the 600 or so million. I do believe a big chunk though. It could possibly be 600 mil because of the nature of the development banks, and our strategic investors we have already, kind of securing the deal is good by our two strategic investor's backing. Exciting times ahead. This article just continues the solid foundations of this project that has developed over time. I see this play as a shiny pearl from all other junior potash projects. Good luck, HUGE risk/reward opportunity. This is the one investment, we will probably look back and ask why we did not load the truck on this one as everything just continues to fall in place, but also makes soo much sense. I am accumulating a bit more tomorow, and more as the days go on. drill results anytime, mining liscence and I think an announcement in the next month of something fairly substancial. Good luck all!