TSXV:AAA.P - Post by User
Post by
Karmanowon Sep 20, 2010 1:00am
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Post# 17467268
Being In The Right Place...
Being In The Right Place...At The Right Time...sometimes it is just that easy. Important to be prepared! Once we get the news in the next couple of days and over the next few weeks, we will surely attract alot of attention and their will be alot on noise...keep your eye on the prize...our largest share holder appears to have the technique down pat (... listen...learn...and prosper....)
Sincreley Boys and MJoy....GLTA
Karma
From their Website here are some of the recent examples of Forbes/Manhattan Business Model:
Forbes/M Forbes/M
Bought Sold on Exit
Desert Sun Mining: .20 cents $7.00
Consolidated Thompson .22 cents $9.00
First Uranium .86 cents $7.00
Crocodile Gold Corp .20 cents $2.00
So when Stan said that Forbes/M likes to get involved at the early seed stage of companies that meet their 5 investing criteria he was not kidding.
They must possess: A Good Asset, Have Strong Mangement,Possess the Ability to Raise Capital, and have the Ability to Tell the Story. The fifth criterea is to have a Good Capital Structure.
They hold onto these good companies until they are proved up and well along. I have a much better comfort zone after understanding that Stan not only puts his money where his mouth is, but he is also patient and willing to see the fruit ripen.
So, I guess when he said Allana could be a prime take out candidate in 12 to 24 months I guess we have to assume he means once all the drilling is completed, the seismic is completed, the initial drilling is done in Argentian in 2011, the Measured Category for Ethiopia has achieved the desired multi-million tons of potash in it and we have finalized the balance of the business for a J/V, Offtake Agreement, and Debt Financing for the balance of the construction of the mine.
I also believe that in the next 2 years that we will have come to some arrangement with Sainik for their inferred 80 million tons of potash, or whom ever attempts to take us out will. One analyst states that the drilling done by Parsons basically saturated their property and the current drilling they are doing will only confirm his results and allow for a current N1 Report. So, if that is true there does not appear any way for them to ever achieve a bankable feasibility for the Capex of +/-$800 million to develop a mine with only 80 million tons at 20% KCL, all they need to do is ask the embedded BHP Geologist working with us on our phase 1 drilling program..... a strategic off take to Allana would be my guess as it would be a win/win and potentially allow us to increase our numbers by 80 million tons for feasibility.