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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

Post by Resilienceon Nov 20, 2010 3:44am
512 Views
Post# 17733691

SAINIK must be drilling

SAINIK must be drilling"Mr. Abasov: Yes, this property does not have drill holes directly on it, but as I mentioned earlier, we have three drill holes that we drilled previously along the edges. And also there is another company, a private Indian company, that is drilling on their property which borders with this newly acquired property. And we believe in conjunction with what we’ve drilled, and with what the Indians have drilled, there is a very high possibility that mineralization continues onto this project, onto this land parcel. And that’s the reason we’ve acquired it."
 
I find it hard to believe another Indian company suddenly has the parcel although it's not impossible, Haro came out of thin air for me as well. I find Sainik drilling annoying, as I thought they weren't actioning it. The only question now is are they drilling it to prove up potash and get more for their land parcel or DO they have plans to built a mine as well. I don't think the last but they're drilling for some reason...
 
R.
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