TSXV:AAA.P - Post by User
Post by
smigel88on Dec 06, 2012 12:31pm
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Post# 20693346
favorable DFS report by year-end
favorable DFS report by year-end Steve Hansen, Raymond James (11/2/12) "We are increasing our target price for Allana Potash Corp. to $1.25 (previously $1) and upgrading our rating to Outperform, predicated upon our belief that many of the key technical risks facing Danakhil, while not entirely resolved, are rapidly being addressed. . .a large number of key milestones will transpire over the next six months and the company's risk-reward proposition has improved considerably. . .we came away from our Ethiopian tour with far greater confidence in Allana's ability to further advance its flagship Danakhil potash deposit toward production. . .it has set the stage for a favorable DFS report by year-end."