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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

Post by cadavalon Oct 02, 2013 4:36pm
233 Views
Post# 21785751

some writing for !!!!!!!!!!!!

some writing for !!!!!!!!!!!!

Disclosure: I am long ALLRF.PK. (More...)

In this article, I will feature one potash company that has seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:

  1. The stock is purchased by three or more insiders within one month.
  2. The stock is sold by no insiders in the month of intensive purchasing.
  3. At least two purchasers increase their holdings by more than 10%.

Allana Potash (ALLRF.PK) is a junior mining company with a focus on the acquisition and development of potash assets internationally with its focus on the Danakhil potash property, which is a previously explored potash property in Ethiopia. The company also has a property in Argentina, which is located near Vale's Rio Colorado potash solution mining project.


(Click to enlarge)

Insider buying during the last 30 days

  • Farhad Abasov purchased 112,500 shares on October 1 pursuant to a purchase/ownership plan. Farhad Abasov currently holds 1,545,000 shares or 0.6% of the company. Farhad Abasov is President and CEO, Director of the company. Farhad Abasov increased his holdings by 7.9% in October.
  • Nejib Abba Biya purchased 56,250 shares on October 1 pursuant to a purchase/ownership plan. Nejib Abba Biya currently holds 168,750 shares or less than 0.1% of the company. Nejib Abba Biya is Senior Vice President, Business Development, Ethiopia. Nejib Abba Biya increased his holdings by 50% in October.
  • Deborah Battiston purchased 18,750 shares on October 1 pursuant to a purchase/ownership plan. Deborah Battiston currently holds 156,250 shares or less than 0.1% of the company. Deborah Battiston is Chief Financial Officer. Deborah Battiston increased her holdings by 13.6% in October.
  • Brianna Davies purchased 18,750 shares on October 1 pursuant to a purchase/ownership plan. Brianna Davies currently holds 156,250 shares or less than 0.1% of the company. Brianna Davies is Corporate Secretary. Brianna Davies increased her holdings by 13.6% in October.
  • Lewis Mackenzie purchased 11,250 shares on October 1 pursuant to a purchase/ownership plan. Lewis Mackenzie currently holds 33,750 shares or less than 0.1% of the company. Lewis Mackenzie serves as a director of the company. Lewis Mackenzie increased his holdings by 50% in October.
  • Peter MacLean purchased 56,250 shares on October 1 pursuant to a purchase/ownership plan. Peter MacLean currently holds 518,750 shares or 0.2% of the company. Peter MacLean is Senior Vice President, Exploration. Peter MacLean increased his holdings by 12.2% in October.
  • Mark Stauffer purchased 11,250 shares on October 1 pursuant to a purchase/ownership plan. Mark Stauffer currently controls 33,750 shares or less than 0.1% of the company. Mark Stauffer is chairman of the board. Mark Stauffer increased his holdings by 50% in October.

Insider buying by calendar month

Here is a table of Allana's insider-trading activity by calendar month.

Month Insider buying / shares Insider selling / shares
October 2013 285,000 0
September 2013 0 0
August 2013 0 0
July 2013 393,750 0
June 2013 0 0
May 2013 0 0

There have been 678,750 shares purchased and there have been zero shares sold by insiders since May 2013.

Financials

Allana reported the fiscal 2013 third-quarter, which ended April 30, financial results on June 13 with the following highlights:

Revenue $0
Net loss $2.3 million
Cash $21.6 million

Upcoming milestones

Allana is expecting to reach production at its Danakhil potash property in 2016.


(Click to enlarge)

Competition

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