First Tidal Acquisition Corp T.AAA

Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company's principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company has not generated revenues from operations.

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First Tidal Acquisition Corp

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Post by martin81on Nov 05, 2009 9:25pm

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Post# 16459013

Something to think about.....

If AAA were to strike 2 more identical deals with other counterparties that they are currently speaking with (35% of capital costs for 20% of the potash production), that would leave AAA with a little better than 40% ownership in the property and they wouldn't have to finance a single cent of the projected $800M+ mine construction costs. They would rake in 40% of the revenues without paying for capital costs.

I'm not saying that is what is going to happen, but it just shows how good this deal with China Mineral United Management Ltd. really is. Think about it!

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