First Tidal Acquisition Corp T.AAA

Poopchute gonna be MAD!!!!!

[bashertrasher1]

The old timer will probably have a stroke!



At the same time as Allana is working on conventional potash, it is also in the midst of doing a Preliminary Economic Assessment (PEA) of the higher valued Sulphate of Potash(SOP) potential at the site. “The Kainitite-rich brine we will eventually be producing is unique because it will already have sulfide in it. We are investigating how best to process it and if it is possible to produce SOP from it at a very low cost.” said Abasov. Producing SOP is very attractive as its current price in China is $US600 per tonne as opposed to $300 to $350 a tonne for conventional potash (MOP).

Corporately, Allana is looking to enhance its debt package. At this point it has development banks with significant experience in Ethiopia lined up to provide financing, but Abasov would like to bring on commercial banks as well. To that end Allana is in discussions with a number of large European banks. “We want to max up the debt side,” said Abasov, “because we want to avoid common shareholder dilution.”