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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

Comment by Karmanowon Oct 18, 2011 3:42pm
579 Views
Post# 19160516

RE: RE: RE: RE: Guys, it`s clear that drilling res

RE: RE: RE: RE: Guys, it`s clear that drilling resGreat results today...and some clarity is required.
"financing before BFS is just hype and pump" .."If a buy out comes tomorrow don't expect a 100% premium and certainly not 500%."
Wow...I could not disagree more. You might after all be wrong.  "You can not buy something that is not for sale"...fact.
In my research I can see that large amounts of our 200 million shares are in very safe hands...people that understand what Allana is worth....and to think in just 2 months time...PEA due out to confirm that we can mine half our reserves by Open Pitt Mining and double the extraction rate from solution mining....fact.
Revised NI Resource Estimate due out by christmas and should double our measured and indicated resources if the drill result from today is an indication of what is to come...remember all the #30's holes are in the 3 layer horizons and add huge amounts to the reserve estimate....congrats to Peter McLean and his team for such a logical and eventully strategic drill campaign to max the measured and indicated.  For the record, SOP is being mined every day....and will be mined on our land as well...some companies have shown a 90% extraction rate with solution mining techniques....
Until someone explains to me in detail what India is going to do long term about their need for potash supplies I am still in the camp that understands that  they will need to continue to import large amounts of potash...fact. We all know that the Ethiopian Basin holds shallow and high grade potash...fact. We also know something about the history of some of our board members and our recent appointments and their connections to India....fact. We are also aware that Farhad was overseas in Asia  for over a month...and several of us were told in emails that the meetings were "serious" and "positive" and "strategic" while he was there...fact. Until we here the real outcome of those meetings I would not be to quick to close the door on some form of initial "Financing" coming through as an Offtake Agreement with "India" (signed or memo of understanding) and or "Indian Ag. companies"...logical.
$500 million dollars is the target for Capex Financing for our mine...fact. The other $300 million will come from offtake agreement financing and or a share offerring...fact (listen to the conference call presentation on the website). BNP is engaged and under very favourable terms to AAA shareholders...their payments are based on performance and milestone achievments...and vested for 6 months.
Bharti and Walters have not sold one share...fact. Do they understand what is planned for Allana and what steps are being taken to achieve those plans?....Yes.
We all know that China has invested large amounts of money into Kazakstan last week (see my previous posts) and will have access to a 5 BILLION ton reserve in the future...no cartel...fact.
We all know that Brazil is working with the Verde Potash deposit and will have access to that large amazon reserve for years to come...fact.
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