"Dont Be Late to the Party"...Period!I sent the following email to Farhad yesterday, but have not heard back from him so far and will post if and when I do.
The key is that hole #4 did NOT hit the Kainite Layer ( 100 meters short of this potential layer) and only encountered the Sylvinte and Carlinite layers. I hope that hole #5 will correct this and drill to the 850 recommended meter depth to test for this layer of high quality potash! Allana will move up to new levels and attract new eyes on it if they can prove that the Kainite Layer exists in the southern portion of the property (@ 5 km away from the confirmed Kainite in the NW drill holes of the property) as this will increase the measured and indicated reserves by up to 70% more per hole than without this layer of potash, imho.
IMHO the next 3 weeks will tell the tale:
2 D Seismic completed, Tour of property completed in Ethiopia, (American Investment Agency) completes their due dilligence process and decides on next steps with Allana, Results for Hole #5 and Hole #6 to deeper depths of 850 meters. To be very clear, if you are not at the party now, dont live in regret if Allana hits Kainite in hole 5 or 6.
Thank you Adam, Dash and wpf, but I have concluded that someone can only connect the dots if they sit back and remain
openminded to the possibility that the facts are what they are and lay out a strong case for a highly valued potash company.
I think we all want to know if there is something FACTUAL that we are missing, but until then, it is like watching paint dry and listening to white noise and watching others play out their various agenda's.
GLTA
Karma
Hello Farhad;
My name is XXX and I want you to know that I appreciate the progress you have made on all fronts on behalf of shareholders. I thank you in advance for taking the time to read my email and to provide any insights to my question on hole #5. As a long term shareholder and true believer in the future of Allana I have a question on the current status of hole #5, whether drilling is completed and whether you chose to drill to the 850 meters depth to explore for the Kainite Layer?
The reason I ask this question is directly related to the mediocre response from the market to the results of hole #4 and to the fact that the drilling did not get to a depth to explore for the potential Kainite Layer. I agree that the real value of hitting the Kainite Layer in the southern section of the property may be the most material fact for increasing reserves to the level that we all are hoping for. I focus on the Kainite Layer as it appears to make up approximately 70% of our current inferred 105 million tons in the north west of the property.
The Dundee Report stated in reference to hole #4 " Management has reason to believe that a Kainite layer may lie just 100m deeper and plan to drill their next holes to that extent (vertical depth of ~850m).
"DK-10-05 is currently being drilled and has reached ~550m in depth. Management expects to strike the target potash zone at ~700m and will probably drill to a vertical depth of ~850m to explore for a Kainite member, the discovery of which would be a strong catalyst for Allana's stock price. Hole DK-10-05 is located ~2km south of drill hole #4"