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.

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First Tidal Acquisition Corp

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Post by stocktaon Feb 17, 2011 12:01am

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Post# 18148205

Quiet this week, next week, but then...

first week in March is going to be interesting:

Hole 11 results
Closing of PP
Decision to drill more holes or not

It is going to heat up again in early March. I am surprised they only drilled hole 11 to 164 meters, they must be happy with that depth and found something to have stopped there. I was writing off hole 11 as too far south but maybe we could get a surprise.

Then by end of March we get

Holes 12 and 13
Decision on whether to drill more holes or go to 43-101

If we go to 43-101 she will be ready by May and then if we are anywhere north of 200 m tonnes M&I, we are going to go significantly higher than where we are today. Think about it, thats 2 m tonnes for 100 years. That means double market cap of Intrepid or $6B, which would put us at $20 per share in production, Someone will bid $8-10 to get it now knowing they can get $20 per share for their pockets in two years. Question is are we going to take that price?? Time will tell. GLTA

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