TSXV:AAA.P - Post by User
Post by
superstar1976on Nov 02, 2012 11:35am
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Post# 20555064
Financial Post article on AAA...
Financial Post article on AAA...https://business.financialpost.com/2012/09/19/no-half-measures-allana-potash-doubles-its-ethiopia-land-holdings/
"The Nova property gives Allana not only more potash but the means to mine it. Kelertas explains, “We’re also acquiring substantial water resources in that area. This is potable water we can use for a solution-mining process. Now that we’ve got Nova, we’re not going to be a small player anymore.”
"“We’re not going to give the company away. There is no doubt that we’ll be very, very tough negotiators, if someone comes in and offers a ridiculously low price. Even a normal premium of 30% to 40% to our current share price would like be too low. This stock was well over $2 for a long period of time, and now we’ve progressed and doubled our size. So we’re worth a heck of a lot more than the market suggests we are. Even our current preliminary economic assessment, if you take a look at that valuation using a 12% discount or use whatever discount rate you want (14% or 15%), we’re extremely undervalued. Now that we’ve added Nova, I think we’re the best bargain on the street right now.”