TSXV:AAA.P - Post by User
Comment by
Karmanowon Mar 31, 2011 8:20pm
537 Views
Post# 18370531
RE: Interview with Allana's CEO
RE: Interview with Allana's CEOThank You Exner for sharing++ The interview is very revealing and telling to me....I will remember his words and not deviate or suspect anything less...shareholders should sit back and watch and see how a confident and bright CEO moves his company to the next level...he is foreshadowing examples of how Allana plans to totally derisk the cost of building our mine(s)....And he did not even mention his option of Offtake Agreements....which I think he is holding in his back pocket...
I hope Farhad is telling you what he is telling me? He remains to have 2011 focus on derisking our project and remains clear that his goal is to move Allana toward mine construction, otherwise why would he even be talking to development partners? He is having active discussions with POTENTIAL DEVELOPMENT PARTNERS, Liberty Metals has showed a STRONG COMMITMENT TO ASSIST AT THE CONSTRUCTION STAGE, and lastly he states that the Allana Board believes that the SUPPORT that the World Bank Group can provide is SIGNIFICANT.....
Very Long Here.....not too many other juniors going on the record with this kind of discussions and interests....maybe because they do not have this type of interest?
Thank You Farhad...patience and more patience...
Karma.
Farhad;.."we have been actively discussing our project with other "potential development partners". We are looking at partners who can contribute to the development of the project either financially or technically."
In November 2010 Liberty Metals and Mines, a private equity fund that is a part of Liberty Mutual Group based in Boston, invested over $12 million in Allana and showed a strong commitment to assist Allana at the "construction stage financing". And recently, on March 24, Allana announced a strategic investment of $10 million by a very strong group, IFC - part of World Bank Group. IFC is one of the largest multilateral financing organizations contributing to the development of key mining, infrastructure and industrial projects worldwide. In fiscal 2010, IFC invested $18-billion internationally and our board believes the support that IFC can provide to us in Ethiopia is "significant"