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.

TSXV:AAA.P - Post by User

First Tidal Acquisition Corp

Bullboard Posts

Post by str8tgoodson Jun 15, 2010 8:50am

339 Views

Post# 17189003

Overall News is Positive

The market may not like the news at first glance, but the news is actually very positive.

It would've been worse if results came back low potash for both holes, but what this proves is that there is high grade potash on Allana's property, and at 150 metres depth, it is quite shallow when compared to the depths in Saskatchewan where mineralization is encountered at depths of 700-800 metres or more..

What the short term traders may fail to realize is that, when the drilling program is complete, Allana should have a large proven, shallow, high quality potash reserve that is shallow, and more economical to mine that any other potash mine in the world.

I don't know how the market will react short term, but the important thing is not to lose focus on the overall picture. This is actually very positive news, and we should get more positive news in the coming weeks, and steady newsflow all summer. GLTA

Bullboard Posts

Barrick Gold employees detained in Mali amid ongoing dispute