Mark Your Calenders - 2012 Looks like a very impressive 9 months ahead for Allana and for us shareholders. It is laid out by Farhad..if you take the time to step back from the day to day ups and downs and look at the bigger picture...and one other thing not mentioned is that Allana is reviewing data on our lands in Argentina...and will inform the market in due course...I believe from what I have previously posted that AAA can do an initial NI Resource Estimate WITHOUT drilling....and follow what Marifil has done and use existing holes left from deep oil drilling...Gamma Technology identified the two potash beds at 1200 meters...Marifil CEO says the NAV of the 13km x 18km and the 200 m tons is worth over $90 billion dollars....makes sense for Vale to spend $5 billion on their mine with that kind of NAV...ironic...but Argentina could end up being worth MORE than Ethiopia...time will tell... Lets take a perspective of 2012 and what we know is coming.....2012 is going to be Allana's... 9 months from now will prove me right...here's hoping!
2012 First Quarter: expect measured and indicated to increase from 675 m tons to over 1 billion tons. An update to the NI 43-101 compliant technical report is expected by the end of the first quarter of 2012, with Abasov expecting substantial additions to resources on the eastern side, and an upgrade to the measured and indicated category on the western side.
2012 First Quarter + Currently Underway: capital raised from non-commercial developemtn agencies have an advantage during a market down turn or pending Euro Fiancial tightening. Non Commercial Agencies have more lattitude during any financial credit crunch similar to 2008. Their funding mandates are ongoing and their commitment to a project is long term...IFC World Bank. The remainder of the financing for the capex of the project will come from around $480 million in debt, to be raised from non-commercial, development agencies. Allana has retained BNP Paribas as an advisor on this front, and said the process in now in "full swing". By the end of the first quarter, CEO Abasov expects to have a "good understanding" of those interested in providing debt financing for the project, which could prove to be a significant catalyst to the company's share price.
2012 Second Quarter: We hear the word "strategics" again and again.... Farhad expects developments from these ongoing discussions with "strategics" by the end of June 2012. The strong project attributes and economics have allowed Allana to advance talks with new potential strategic partners for off-take agreements and other partnership structures. Abasov told Proactiveinvestors that it is currently in discussions with large, global potash buyers and agricultural companies, from which it expects developments sometime in the first half of next year.
2012 Third Quarter: and the final catalyst is due by the end of September 2012. This study will deliver the road map for Allana's future. All aspects of the "mining" process will be addressed and detailed. Remember, we are spending $25 - $30 million on this study...its a big deal and a huge catalyst to show the validity of our Ethiopian Property. The company also said that there is potential to ramp up operations to two million tonnes of MOP product per year after the third year of full production, with Allana currently considering additional MOP and sulphate of potash (SOP) output as well during the ongoing bankable feasibility study, due out in the third quarter of 2012