TSXV:AAA.P - Post by User
Post by
fairrplayon Oct 10, 2013 9:38am
277 Views
Post# 21806131
Globe says Cantor's Prattas upbeat on Allana Potash
Globe says Cantor's Prattas upbeat on Allana Potash
In the News - 2013-10-10
The Globe and Mail reports in its Thursday, Oct. 10, edition that Cantor Fitzgerald Canada analyst Peter Prattas is bullish on Allana Potash (47 cents). The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Prattas is holding firm on his "buy" recommendation. The analyst, however, boosted his target price on the shares to $1.15 from $1. Mr. Prattas notes that Allana Potash has announced the Ethiopian Ministry of Mines has issued a mining licence for its Danakhil potash project. Mr. Prattas says, "This event marks the achievement of another key milestone thereby further derisking the project and paving the way to complete financing." Loewen, Ondaatje, McCutcheon analyst Michael Fowler maintained Allana Potash at "hold" with a $2 price target in the Eye column on June 15, 2011. The shares were then worth $2.12. The Globe's David Milstead was somewhat upbeat on Allana on Aug. 1, 2013. It could then be had for 46.5 cents. The Globe's Ian McGugan figured Allana was bargain priced in the Number Cruncher column on Aug. 9, 2013. The shares were then worth 46.5 cents. The Globe's Brenda Bouw was a bit bearish on the potash sector on Aug. 22, 2013. Allana was then trading at 47.5 cents.