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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
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(8)
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Comment by Karmanowon Oct 12, 2010 7:36pm
301 Views
Post# 17556038

RE: RE: Why would sp go down with clarification

RE: RE: Why would sp go down with clarificationAs we all know the drill did NOT reach the Kainite Layer of potash in hole #4. That is why they have confirmed that they will drill to 1000 meters in holes #5 and #6 in an attempt to reach a Kainite Layer they believe is there. The Dundee Report also says that we will have enough potash to develop a mine without the Kainite Layer being hit in the southern portion of the property. Let me tell you, if they hit Kainite in hole #5 or #6 or continue the drill in hole #4 to the 1000 meter mark we will have a new game....the drilling must be close to completion on these 2 holes and only a few weeks to wait for the results...remember, we only need 200 million tons at 20%KCL according to the dundee analysis page 3 to get a mine with 1 million tons per year for 20 years. In my oppinion, anything above this is a bonus and increases shareholder value longterm.
Karma
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities