RE: BE CAREFUL Read last sentence of the news.
It sounds like FED does't totally control their lands.
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Geezz.welcome to Due Diligence 101 , just woke up buddy?
Always was stated, documented and said the owner of the Exploration License is the G&B Group. FED is earning the right to EXPLOIT this license when it meets contratual terms, and will buyout G&B once certain conditions are achieved.
A tad of elbow grease and review of documents filed on Sedar will reveal it all, and light a match in your darkened skull it would seem. Then again, given that I am a nice guy and used to spoon feeding children, here is something to chew one little one:
EPC will also complete certain transactions (the "Option Closing") contemplated under an option agreement (the "Option Agreement") dated September 7, 2010 and as amended and restated as of October 18, 2010 between EPC, G&B and the shareholders of G&B, pursuant to which EPC will acquirean option to acquire all of the issued and outstanding shares of G&B and thereby acquire G&B's 100% interest in certain mineral property permits in Ethiopia known as the "Danakil Potash Permits". The Danakil Potash Permits are comprised of two (2) licenses forming a contiguous block consisting of 427.22 km2 (the "Danakil Depression") and 53.84 km2 (the "Bada Area"), respectively.
Now if I told you that G&B was one of the major shareholder of FED would that surprise you?
And if I told you that the founder of G&B happens to be the Chairman of FED would that also surprise you?
And if I told you that our Chairman sold one of his Compnay to Areva for $2.5 Billions would that surprise you ( UraMin)
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Now that I think of it....maybe it is YOU who does not totally control the art of investing and doing Due Diligence prior to investing, that's if you are invested in this Corporation versus just pis$sing in the wind !
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Allow me to suggest that the news albeit a tad of a surprise, did not highlight anything major and off consequence and certainly not highlited new facts that a savy Investor would know from the day he hit the buy button!
Did you hit that BUY button or should we hit the Bye Bye button on you ?