RE:Ferti... yesterdays vol with a 1.5 mill cross to themselves.Gee gaggersez you have over 70 reads of your post in 4 minutes, and of course everyone rates your post a "5".
What a coincidence thats exactly what happens to MyLIAR...huge amount of his posts being read in record time, all rating a "5" And just like you MyLIAR is on this board 24/7....hmmmmm ...What a
coincidence....LOL And hey since your on here 24/7 MygaggerLIAR can you tell me if this been posted as yet? Thanks
in advance for your anticipated co-operation.
One of my favorite potash plays is arguably the most advanced potash junior in the world — Allana Potash Corp. (TSX: AAA | OTCQX: ALLRF). Allana, led by experienced potash power-player, President and CEO Farhad Abasov, is currently developing its flagship property, the Dallol Potash Project, in Ethiopia’s Afar State and is poised to become one of the largest potash producers in Africa. With Feasibility completed earlier this year and all other requisite milestones achieved (on schedule), the company is entering the pre-construction stage of development and plans to start construction of the mine by the end of this year. Allana’s potash mine will be the first potash production in East Africa.
Project economics — now, more than ever before — determine the viability of a potash junior. Being a low-cost, high-quality producer is key.
“Allana has a unique proposition, with our potash project in Dallol, Ethiopia,” explains Abasov. “We have unique advantages. Despite the quite negative consequences of the Uralkali news, we’ve done quite well because people (investors) started looking deeper into actual fundamentals of the projects throughout the entire potash sector. Before there was a lot of speculative sentiment in the sector, depending on the location, depending on the potential size of the project and so forth. But after the Uralkali news, people realized that the margins will most likely be squeezed (at least in the short term), so one has to look at the projects that have strong fundamentals, strong economics. We can actually compete with our project, not only with almost all the greenfield potash operations, but also with some high-cost producers today.”
Utilizing the proven solution mining production process, at USD$98.75 per tonne (that’s all in; total OPEX, loaded on ship), Allana is one of the lowest-cost MOP producers in the world (the company also has SOP potential). Although it seems hard to believe, a lower potash price is not necessarily a bad thing — at all — for Allana. It may actually separate the men from the boys, so to speak, by weeding out the less-viable players from the playing field. Perhaps the best way to increase potash prices in the long term is to lower them in the short term. For example, the 25% average drop in potash share prices (in reaction to the Uralkali move to abandon BPC and its price-over-volume strategy) will help make potash more affordable for those many potential customers who have stayed away because of its high cost.
Now potential potash users can afford the vital nutrient and appreciate the resultant enhanced yields and benefits and, therefore, generate more demand for potash. Africa is an ideal continent to deploy this strategy and for companies with favorable project economics, such as Allana, the prospects are so robust and promising. The company’s Dallol Potash Project is in close proximity to key Asian and Pacific Rim markets and is, essentially, outside of BPC’s (and Canpotex’s) influence. In other words, Allana is suited to benefit from the new potash market dynamics triggered by the BPC collapse.