First Tidal Acquisition Corp T.AAA

RE:RE:What you should never forget about this management....

[bashertrasher1]

Excelent post Ferti. Lotuspants and hairybluballs just got schooled.

Fertiman wrote: Lotus, interesting post.  While you make some proper observations regarding management compensation, I believe you are conveniently off base.  

What you should never forget about this management....

1. The management at best is marketing sales pitch for juniors and sells them for commission.  The management is an experienced team who have developed and sold junior projects before.  Re. Uranium1...potash1

2. They do not have any history of managing operational producing mine.  The management team has come from pot corp / canpotex, and have the experience to assemble an operational team.  Not to mention they have ICL on board who have been working closely with Allana on the mine optimization.

3. Intent of management is to give themselves great salaries, commissions, cheap options- shares have swelled from low 200million to over 325million. The management team is experienced and will be compensated very well when the project moves forward.  All indications I see todate is management is very close to financing Q1 2015.  ICL has an offtake and will not buy out Allana IMO until they are completely comfortable with the project and deem it derisked.  I have no issues with proper compensation as long as shareholder value is achieved.  I believe we have seen significant movement towards this value.

4. They will do all that is possible to get permits, act as broker, do marketing until they sell this deposit. The management team is doing their job...they have established all major milestones to get us to the brink of financing.  I agree that there is a good chance the company could be sold but only if shareholder value is unlocked.  Let's not forget that Liberty and IFC want to extract value in Allana.  My feeling is we will need to be in the $1-$2 range for this to happen.

5. Sold cheap shares to ICL and that set a very low floor baseline for upside.  The deal was done at a very low but in price, but as we know it was required to get us the partner that the financing groups required to meet their conditions.  We also received their mining expertise as mentioned above.  Again as above if a buyout were to occur it would have to be in agreement with IFC and Liberty IMO. The SOP development I believe is Allana's next step to extract value from their deposit.  Last year at PDAC they talked about this so it was in the world for a while.  75% of the resources is SOP, so this makes sense.  When you look at the value of the SOP it makes total sense.  It was also a strategic move as Allana brought this out after they secured ICL as a partner.  The SOP is a valuable commodity that many partners will want to secure IMO. If the opex for mining the sop is closer to the mop opex then the profitability will be astronomical.  News that a Chinese engineering group is interested in the SOP brings in another potential partner that the SOP could be spun out into another company.  Does Allana need ICL to develop the SOP??  I would think not, and that's the message I'm sure ICL is hearing.  One company for MOP and another company for the SOP is very possible.  

6. SOP is merely another of gig to raise money so they can continue to pay themselves. SOP will never get implemented The comment here is not one I would agree with.  See above.

7. Only ICL can take this to production and that too at ICL terms. ICL will wait for another year and then decide the fate for Allana mine. At best ICL could even wait for Yara to go to production first, set up local market channel in Africa before considdering to build mine for Allana. This is incorrect in that ICL only has access to the MOP at present. SOP is the wild card.  I don't see ICL waiting too long to get this project developed with the issues they have going on in Israel.  IMO they need Alana's low cost MOP production.

I hope what I wrote here makes sense for you.

Read more at https://www.stockhouse.com/companies/bullboard/t.aaa/allana-potash-corp#5Ix9jMdL7WuidF9s.99