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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

Comment by Fertimanon Feb 16, 2014 5:23pm
231 Views
Post# 22216086

RE:The vote is coming and many here want to paint this deal as

RE:The vote is coming and many here want to paint this deal as Bob.... The information I put up earlier today I think speaks volumes for the reasons why a few here "CAMP OUT" non stop..... Investors here make sense and have a vested interest....others....Not so much....

Hypothetically In five years time when Allana is producing and let's say potash is $450/ton (or higher) because all other juniors evaporated due to tight potash pricing and inability to secure funding..... what price will Allana be looking at for it's shares at that time???

A few here try to make it look like Allana will be bleeding red ink due to the horible offtake they singned...LOL  Ya right....  If that's teh case the banks wouldn;t be "ACCELERATING FINANCING" right????



Fertiman wrote: A bad deal for Allana??? ... They are saying things like ....They won't make any money on the first million tons....They won't make money for 10 years....etc..etc...  

Same old bashers.... Ocean...Gaggersez...Myliar....Sdome... a few others....

Let's look at the facts...

1) Potash Major backing (Financial)

2) Offtake with Potash Major 1 million tons - 80% guarantee - Take or Pay - Sliding scale discount in line with Industry standards -  Ensures cash flow for project - 10 year contract.

3) Potash Solution miining Experts - Training & Opperational expertise.... Will ensure proper mining and will look to improve efficiencies of potash mining process.

4) Marketing - ICL will market the potash for Allana.... Thus eliminating marketing expenses for Allana at this time.  Saving millions of dollars per year.

This deal has SIGNIFICANTLY DERISKED the Allana project and has met several requirements for the debt financing.... as a result debt financing has been accelerated. 

So there you have it.  The first potash junior to make a production agreement with a potash major.  

Does this sound like a bad deal???? I don't know about you, but IMO this deal checks all the boxes that I was looking for....


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